Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MSB-Spirits from Antwerpen, company number BE0681540905, closed financial year 2025 with a result of € -47,104 after tax. For that financial year MSB-Spirits recorded a gross margin of € -25,498 and equity of € -242,975. Compared with financial year 2024, the result moved from € -35,895 to € -47,104. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.
€ -242,975
▼ € 47,104 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -47,104
▼ 31 % more loss than in 2024
Profit after tax over the fiscal year.
€ 998
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -755,334.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 221,906
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 161,347
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -105,319 | € -49,555 | € -28,913 | € -25,498 | ▲ € 3,415 |
| Profit after taxes | € -117,933 | € -55,291 | € -35,895 | € -47,104 | ▼ € 11,209 |
| Equity | € -263,043 | € -318,335 | € -195,871 | € -242,975 | ▼ € 47,104 |
| Total debts | € 403,504 | € 568,841 | € 445,556 | € 468,040 | ▲ 5% |
| Cash | € 284 | € 1,910 | € 1,960 | € 998 | ▼ 49% |
| Retained profit | € -617,043 | € -672,334 | € -708,229 | € -755,334 | ▼ € 47,104 |
| Bank debt | € 198,997 | € 342,069 | € 193,345 | € 221,906 | ▲ 15% |
| Balance sheet total | € 140,461 | € 250,506 | € 249,685 | € 225,065 | ▼ 10% |
Key figures of MSB-Spirits, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MSB-Spirits?
What happened at MSB-Spirits in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 47,104. filed late Source: NBB ↗
- OWC Holdings Limited stepped down as director. NBB
- José Ramon Sariego Martinez became a director. NBB
- OWC Holdings Limited became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- D-Tectonics BV became a director. NBB
In short
From € 117,933 loss in 2022 to € 47,104 loss in 2025.
Management
The stake of D-Tectonics comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MSB-SpiritsBehind MSB-Spirits are José Ramon Sariego Martinez and D-Tectonics BV. The shares are held by D-Tectonics (54.7%).
Directors
According to the 2025 annual accounts
José Ramon Sariego Martinez
Director
since 2023
Director · represented by Alexander Darwazeh
since 2017
OWC Holdings Limited
Director · represented by Joseph Luk Tsing Pong
since 2021 · until 2026
Shareholders
54.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Uitbreidingstraat 66 box 32
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →VTG Rail Logistics Belgium
€ 729 gross margin · 2026
LOGWIN AIR + OCEAN BELGIUM
€ 1.5 million gross margin · 2025
KIWI'S
€ 133,528 gross margin · 2025
C & Q-INVEST
€ -91,038 gross margin · 2024
ANGLO - BELGE SPECIAL RISKS
€ 495,943 gross margin · 2025
+83 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0681.540.905
- VAT number
- BE 0681.540.905
- Registered office
- Uitbreidingstraat 66 bus 32, 2600 Antwerpen
- Names & denominations
- MSB-Spirits
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2017
- Peppol
- Active · Active since 5 Dec 2025
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