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 2 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MS-WORX from Malle, company number BE1006963136, closed financial year 2025 with a result of € -501 after tax. For that financial year MS-WORX recorded a gross margin of € 527 and equity of € -4,224. Compared with financial year 2024, the result moved from € -6,223 to € -501. 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 August 24, 2026.
€ -4,224
▼ € 501 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -501
▲ 92 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6,724.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 442
▲ 60% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2025
€ 33,099
▲ 32% vs 2024
Loans from banks and other lenders, long and short.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -5,487 | € 527 | ▲ € 6,014 |
| Profit after taxes | € -6,223 | € -501 | ▲ € 5,722 |
| Equity | € -3,723 | € -4,224 | ▼ € 501 |
| Total debts | € 44,604 | € 45,090 | ▲ 1% |
| Cash | € 4,922 | - | |
| Retained profit | € -6,223 | € -6,724 | ▼ € 501 |
| Bank debt | € 25,000 | € 33,099 | ▲ 32% |
| Balance sheet total | € 40,881 | € 40,866 |
Key figures of MS-WORX, fiscal years 2024 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 MS-WORX?
What happened at MS-WORX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 501. filed late Source: NBB ↗
- Ibrahim Musovic stepped down as director. NBB
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,223 loss in 2024 to € 501 loss in 2025.
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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
Behind MS-WORX is Iljas Muchmadovitch Sagov.
Directors
According to the 2025 annual accounts
Iljas Muchmadovitch Sagov
Director
Ibrahim Musovic
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Klaprooslaan 19
2390 Malle
Sint Lenaartsebaan 18
2390 Malle
Active since 11 March 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.963.136
- VAT number
- BE 1006.963.136
- Registered office
- Klaprooslaan 19, 2390 Malle
- Names & denominations
- MS-WORX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2024
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken
Overige bouwinstallatie
Overige persoonlijke diensten
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Overige bouwinstallatie, n.e.g.