M.B.T.
ActiveM.B.T. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 22% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-16
Solvency35▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.99 in 2023; short-term debt: 88.5% and cash: 20.7% of total assets), and 90.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.9%
Return on assets
1.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 6717 sector peers (2024).
NBB · sector comparisonPosition among 6717 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €69k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
69 d late
2022
70 d late
2021
35 d late
2020
34 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▼ 79.0%
2023 · €43k
2018: €6k
2019: €3k
2020: €-94k
2021: €-34k
2022: €69k
2023: €43k
2018 → 2024
Working capital
€-41k▼ 874%
2023 · €-4k
2018: €6k
2019: €-6k
2020: €-46k
2021: €-68k
2022: €-7k
2023: €-4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-17k-€-51k▼ 200%€18k€60k▲ 242%€69k▲ 14.8%
Operating result€-86k-€-29k▲ 66.2%€75k€54k▼ 28.0%€11k▼ 80.5%
Net result€-94k-€-34k▲ 63.8%€69k€43k▼ 37.9%€9k▼ 79.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €696k
Fixed assets
€121k▲ 46.2%
Current assets
€575k▲ 57.7%
Equity and liabilities €696k
Equity
€69k▲ 14.8%
Debt
€627k▲ 61.9%
The debt ratio rises from 86.5% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▼
2023 · €73k
Cash flow
€43k▼
2023 · €61k
Solvency
9.9%▼
2023 · 13.5%
Current ratio
0.93▼
2023 · 0.99
Quick ratio
0.80▼
2023 · 0.92
Debt / equity
9.07▲
2023 · 6.43
ROE
12.9%▼
2023 · 70.8%
ROA
1.3%▼
2023 · 9.5%
Interest coverage
5.31▼
2023 · 6.48
Debt
€627k▲
2023 · €387k
Debt ≤ 1 year
€616k▲
2023 · €369k
Debt > 1 year
€11k▼
2023 · €18k
Staff costs
€369k▼
2023 · €419k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€447k€696k▲
Fixed assets21/28€83k€121k▲
Tangible fixed assets22/27€82k€120k▲
Plant, machinery and equipment23€1k€662▼
Furniture and vehicles24€80k€119k▲
Financial fixed assets28€1k€1k=
Current assets29/58€365k€575k▲
Stocks and contracts in progress3€26k€80k▲
Stocks30/36€26k€80k▲
Amounts receivable within one year40/41€141k€351k▲
Trade receivables40€22k€152k▲
Other amounts receivable41€119k€199k▲
Cash at bank and in hand54/58€196k€144k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€447k€696k▲
Equity10/15€60k€69k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-7k€2k▲
Amounts payable17/49€387k€627k▲
Amounts payable after more than one year17€18k€11k▼
Financial debts170/4€18k€11k▼
Amounts payable within one year42/48€369k€616k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€296k€518k▲
Suppliers440/4€296k€518k▲
Taxes, remuneration and social security45€54k€74k▲
Taxes450/3€4k€188▼
Remuneration and social security454/9€50k€74k▲
Other amounts payable47/48€3k€8k▲
Accrued charges and deferred income492/3€324-
Income statement
Code20232024
Remuneration, social security and pensions62€419k€369k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€34k▲
Other operating charges640/8€2k€28k▲
Gross operating margin9900€494k€442k▼
Operating profit (loss)9901€54k€11k▼
Financial income75/76B€1€7k▲
Recurring financial income75€1€7k▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€43k€9k▼
Income taxes67/77€194-
Profit (loss) for the period9904€43k€9k▼
Profit (loss) for the period to be appropriated9905€43k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€2k▲
Profit (loss) brought forward from the previous period14P€-50k€-7k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Back to profitnet €69k
Net result €69k after 2 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 35 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 34 days late
2020
31-12
Financial
Weakest financial yearnet €-94k ▼2833%
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Begijnenstraat 1601080 Sint-Jans-MolenbeekGround area
1,851 m²
Building footprint
684 m²
Volume, LiDAR
4,033 m³
Parcel 21526D0280/00D008, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Begijnenstraat 160, 1080 Sint-Jans-Molenbeek
since 19922.057.772.648
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0280/00D008 | Brussels | 1,851 m² | 1 · 684 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JOSTAX
BE 0452.730.870
Sint-Jans-Molenbeek · Eq €68k
ETS TRANSPORT
BE 0630.803.470
Dilbeek · Eq €68k
TAKELDIENST LIEBERT KURT
BE 0719.599.844
Halle · Eq €67k
PARK & FLY
BE 0669.921.095
Lasne · Eq €67k
ATMOSPHERE TRAVEL
BE 0799.238.032
Anderlues · Eq €67k
Of 962 companies in sector 49310 we hold annual accounts for 487. 324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-01-1992
Fiscal year end31-12
Activities, NACEBEL
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
64120
49390Land transport and transport via pipelines
52210Service activities incidental to land transportation
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:said@mbt.be