Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for MSK according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2024 annual accounts show equity of €56k and a net result of €34k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events15-10-2025
Bankruptcy
Opening
17-01-2025
KBO administration
Address struck
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 06-07-2024, 209 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 7 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2024, that is 31-01-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | nothing on record | not filed | - |
| 30-06-2024 | 31-01-2025 | 06-07-2024 | 209 d early | 2024-00217060 |
| 30-06-2023 | 31-01-2024 | 27-02-2024 | 27 d late | 2024-00034876 |
| 30-06-2022 | 31-01-2023 | 28-02-2023 | 28 d late | 2023-00032364 |
| 30-06-2021 | 31-01-2022 | 16-02-2022 | 16 d late | 2022-05900363 |
| 30-06-2020 | 31-01-2021 | 15-09-2020 | 138 d early | 2020-53200173 |
| 30-06-2019 | 31-01-2020 | 24-09-2019 | 129 d early | 2019-65400307 |
| 30-06-2017 | 31-01-2018 | 22-01-2018 | 9 d early | 2018-02400139 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€34k+46.7%
Working capital€47k+110.4%
Directors1
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 06-07-2024 with the NBB · fiscal year 2024 · micro
€34k
+46.7%
19-24
€150k
+467.3%
19-24
€56k
+154.3%
19-24
€47k
+110.4%
19-24
1
-
19-24
€8k
-51.4%
19-24
€996
-
19-24
€94k
+2083.6%
19-24
€94k
+2083.6%
19-24
1.50
-75.7%
19-24
0.27
-95.6%
19-24
37.6%
-55.2%
19-24
1.66
+758.6%
19-24
60.7%
-42.3%
19-24
22.8%
-74.1%
19-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €34k |
| Cash flow | - |
| Staff costs | €8k |
| Income taxes | - |
| Dividends | - |
| Total assets | €150k |
| Equity | €56k |
| Debt | €94k |
| of which ≤ 1y | €94k |
| of which > 1y | - |
| Working capital | €47k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.50 |
| Quick ratio | 0.27 |
| Working capital ratio | 31.1% |
| Solvency | 37.6% |
| Debt / equity | 1.66 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 22.8% |
| ROE | 60.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €150k |
| Fixed assets | 21/28 | €10k |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €141k |
| Stocks & contracts in progress | 3 | €115k |
| Amounts receivable within one year | 40/41 | €24k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €150k |
| Equity | 10/15 | €56k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €38k |
| Amounts payable | 17/49 | €94k |
| Amounts payable within one year | 42/48 | €94k |
| Trade debts payable within one year | 44 | €92k |
| Income statement | ||
| Gross operating margin | 9900 | €44k |
| Operating result | 9901 | €35k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €400 |
| Result before taxes | 9903 | €34k |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed11
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
ERHAN, VelievDirectorState Gazette act 24395347 (07-05-2024)Current07-05-2024 → present
Former directors (1)
-
BOYNUINCE, AykutManagerState Gazette act 24395347 (07-05-2024)Former- → 07-05-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ANTHONY HOUTHOOFD ERNEST ALLARDSTRAAT 45,
1000 BRUSSEL 1 |
07-10-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 15-01-2014 |
| Status | Active |
| Postal code | - |
| First BS signal | 15-10-2025 |
| Latest BS signal | 15-10-2025 |
Structure & network
Company structure: linked entities
1 linked entityMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationMSK COMPANY
since 20232.352.277.615
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area11.6 ha
Buildings1
Building footprint5,332 m²
Volume (LiDAR)62,597 m³
Tallest building19.5 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0061/00V000 | Flanders | 11.6 ha | 1 · 5,332 m² | 19.5 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette15-10-2025
Bankruptcy
Opening
17-01-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Address history · 1
07-05-2024
Registered-office move
All acts · 1
updated 2 years ago
2024
07-05-2024 Registered office moved from Brasschaat to Grimbergen
Analysis
Snowflake analysis
financial profile on 5 axes52
/ 100
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
11
Profitability
100
Solvency
70
Growth
78
Stability
0
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Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | MSK |
Registration history
- 17-01-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.