Financials
- Fiscal year
- 2025
- Total assets
- €432,237
- Loss
- -€51,905
- Solvency
- 59.9%
Total assets▼ 16.7%
Net result
20182025
MSG TRADING
ActiveSummary
MSG TRADING has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,733 and a net result of -€51,905. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 74% of 4473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
1 site
Size
€432,237total assets 2025
- Equity
- €258,733
- Loss
- -€51,905
Structure
Accounts 18 d early0 of 9 deeds read
Why 69- Loss of €51,905, the second in a row (FY 2025)- Sector Retail trade (NACE 47)+ Size: total assets €432,237+ Equity €258,733 (59.9% of total assets)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 35% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
85=
equity 59.9% of total assets
Liquidity
36-7
short-term debt 40.1% · cash 4.1%
Profitability
4-29
return on assets -12.0%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.3%lowest value
07-2026: 0.3%▲ +10.9% vs 06-2026
08-2026: 0.6%▲ +113% vs 07-2026highest value
09-2026: 0.6%● 0.0% vs 08-2026highest value
10-2026: 0.6%● 0.0% vs 09-2026highest value
- Loss of €51,905, the second in a row (FY 2025) raises the probability
- Sector Retail trade (NACE 47) raises the probability
- Size: total assets €432,237 lowers the probability for this profile
- Equity €258,733 (59.9% of total assets) lowers the probability
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.12 in 2024; short-term debt: 40.1% and cash: 4.1% of total assets), and 40.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 73%, liquidity 33%, profitability 14%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€51,905
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
27 d early
2023
36 d early
2022
42 d early
2021
61 d late
2020
26 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€51,905
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 13-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 04-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of clothing and accessories for women…NACE 47716
- Founded
- 27-04-2005
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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