Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
84 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MSB-Spirits from Antwerpen, company number BE0681540905, closed financial year 2024 with a result of € -35,895 after tax. For that financial year MSB-Spirits recorded a gross margin of € -28,913 and equity of € -195,871. Compared with financial year 2023, the result moved from € -55,291 to € -35,895. 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 December 16, 2025.
€ -195,871
▲ € 122,464 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,895
▲ 35 % less loss than in 2023
Profit after tax over the fiscal year.
€ 1,960
▲ 3% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -708,229.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 193,345
▼ 43% vs 2023
Loans from banks and other lenders, long and short.
€ 158,399
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -41,264 | € -105,319 | € -49,555 | € -28,913 | ▲ € 20,642 |
| Profit after taxes | € -51,524 | € -117,933 | € -55,291 | € -35,895 | ▲ € 19,396 |
| Equity | € -145,110 | € -263,043 | € -318,335 | € -195,871 | ▲ € 122,464 |
| Total debts | € 185,061 | € 403,504 | € 568,841 | € 445,556 | ▼ 22% |
| Cash | € 11,932 | € 284 | € 1,910 | € 1,960 | ▲ 3% |
| Retained profit | € -499,110 | € -617,043 | € -672,334 | € -708,229 | ▼ € 35,895 |
| Bank debt | € 49,960 | € 198,997 | € 342,069 | € 193,345 | ▼ 43% |
| Balance sheet total | € 39,950 | € 140,461 | € 250,506 | € 249,685 |
Key figures of MSB-Spirits, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: loss of € 35,895. filed late Source: 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
In short
From € 51,524 loss in 2021 to € 35,895 loss in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
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, OWC Holdings Limited and D-Tectonics BV. The shares are held by D-Tectonics (54.7%).
Directors
According to the 2024 annual accounts
José Ramon Sariego Martinez
Director
since 2024
OWC Holdings Limited
Director · represented by Joseph LUK TSING PONG
since 2021
Director · represented by Alexander DARWAZEH
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 84 companies are registered at this address.
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€ 729 gross margin · 2026
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€ -91,038 gross margin · 2024
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€ 495,943 gross margin · 2025
+79 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
- Activities · NACE
Vervaardiging van gedistilleerde dranken door distilleren, rectificeren en mengen
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Groothandel in wijnen en geestrijke dranken
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering