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 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSD CONSTRUCT from Charleroi, company number BE1011138787, closed financial year 2025 with a result of € -12,327 after tax. For that financial year MSD CONSTRUCT recorded a gross margin of € -5,380 and equity of € -9,327. 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 January 21, 2026.
€ -9,327
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,327
Profit after tax over the fiscal year.
€ 2,077
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12,327.
People and assets in 2025
€ 106
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,634
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12,119
€ 5,539 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,379
Supplier invoices still open on the last day of the fiscal year.
€ 3,817
Taxes, VAT and social contributions still to pay.
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What happened to MSD CONSTRUCT?
What happened at MSD CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,327. Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
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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
Establishments
Establishment units
Physical locations of this company
Rue du Braquet 70
6061 Charleroi
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1011.138.787
- VAT number
- BE 1011.138.787
- Registered office
- Rue du Braquet 70, 6061 Charleroi
- Names & denominations
- MSD CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2024
- Peppol
- Active · Active since 15 Oct 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Slopen
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Uitvoeren van metsel- en voegwerken
Metselwerk
Installatie van isolatie