M.M.T.
ActiveM.M.T. has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €934k and a net result of €47k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-1
Solvency92▲+9
Growth49▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 2.71 in 2023; short-term debt: 18% and cash: 15.1% of total assets), and 33.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Sector 25
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66.9%
Return on assets
3.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
20 d early
2022
19 d early
2021
24 d early
2020
24 d early
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.63M▼ 7.3%
2023 · €1.76M
2018: €1.36M
2019: €1.46M
2020: €1.46M
2021: €1.61M
2022: €1.63M
2023: €1.76M
2018 → 2024
EBIT margin
5.0%▼ 1.1pp
2023 · 6.1%
2018: 6.6%
2019: 15.8%
2020: 9.6%
2021: 12.8%
2022: 5.4%
2023: 6.1%
2018 → 2024
Net result
€47k▼ 27.7%
2023 · €65k
2018: €57k
2019: €153k
2020: €101k
2021: €150k
2022: €60k
2023: €65k
2018 → 2024
Working capital
€618k▼ 4.7%
2023 · €649k
2018: €223k
2019: €342k
2020: €436k
2021: €598k
2022: €563k
2023: €649k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.46M-€1.61M▲ 10.2%€1.63M▲ 0.9%€1.76M▲ 8.0%€1.63M▼ 7.3%
Equity€612k-€761k▲ 24.5%€822k▲ 7.9%€887k▲ 7.9%€934k▲ 5.3%
Operating result€140k-€207k▲ 47.7%€89k▼ 57.2%€108k▲ 21.4%€82k▼ 23.8%
Net result€101k-€150k▲ 47.9%€60k▼ 59.6%€65k▲ 7.2%€47k▼ 27.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.40M
Fixed assets
€527k▲ 5.0%
Current assets
€869k▼ 15.6%
Equity and liabilities €1.40M
Equity
€934k▲ 5.3%
Debt
€462k▼ 28.2%
The debt ratio falls from 42.1% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€188k▼
2023 · €216k
Cash flow
€153k▼
2023 · €174k
Solvency
66.9%▲
2023 · 57.9%
Current ratio
3.47▲
2023 · 2.71
Quick ratio
2.11▲
2023 · 1.60
Debt / equity
0.49▼
2023 · 0.73
ROE
5.0%▼
2023 · 7.3%
ROA
3.4%▼
2023 · 4.2%
Interest coverage
13.33▼
2023 · 14.01
Debt
€462k▼
2023 · €644k
Debt ≤ 1 year
€251k▼
2023 · €380k
Debt > 1 year
€212k▼
2023 · €264k
Income taxes
€20k▼
2023 · €25k
Staff costs
€474k▲
2023 · €399k
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€1.53M€1.40M▼
Fixed assets21/28€502k€527k▲
Tangible fixed assets22/27€502k€527k▲
Plant, machinery and equipment23€97k€152k▲
Furniture and vehicles24€14k€37k▲
Leasing and similar rights25€376k€326k▼
Other tangible fixed assets26€14k€11k▼
Current assets29/58€1.03M€869k▼
Stocks and contracts in progress3€422k€339k▼
Stocks30/36€422k€339k▼
Work in progress32€64k€23k▼
Finished goods33€32k€33k▲
Goods purchased for resale34€326k€283k▼
Amounts receivable within one year40/41€410k€316k▼
Trade receivables40€402k€315k▼
Other amounts receivable41€9k€613▼
Cash at bank and in hand54/58€192k€210k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.40M▼
Equity10/15€887k€934k▲
Contributions10/11€19k€19k=
Reserves13€868k€915k▲
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Tax-exempt reserves132€49k€49k=
Distributable reserves133€817k€864k▲
Amounts payable17/49€644k€462k▼
Amounts payable after more than one year17€264k€212k▼
Financial debts170/4€264k€212k▼
Leasing and similar obligations172€264k€212k▼
Amounts payable within one year42/48€380k€251k▼
Current portion of amounts payable after more than one year42€54k€52k▼
Trade debts44€211k€131k▼
Suppliers440/4€211k€131k▼
Advances received on contracts in progress46€8k€8k▲
Taxes, remuneration and social security45€58k€39k▼
Taxes450/3€29k€3k▼
Remuneration and social security454/9€29k€36k▲
Other amounts payable47/48€50k€21k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Operating income70/76A€1.82M€1.71M▼
Turnover70€1.76M€1.63M▼
Change in stocks of work in progress, finished goods and contracts in progress71€29k€-40k▼
Own construction capitalised72€16k€96k▲
Other operating income74€16k€24k▲
Non-recurring operating income76A€0€400▲
Operating charges60/66A€1.71M€1.63M▼
Goods for resale, raw materials and consumables60€827k€601k▼
Purchases600/8€908k€559k▼
Change in stocks: decrease (increase)609€-81k€42k▲
Services and other goods61€374k€440k▲
Remuneration, social security and pensions62€399k€474k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€106k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€2k€2k▲
Operating profit (loss)9901€108k€82k▼
Financial income75/76B€358€502▲
Recurring financial income75€358€502▲
Other financial income752/9€358€502▲
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Debt charges650€15k€14k▼
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€90k€67k▼
Income taxes67/77€25k€20k▼
Taxes670/3€25k€21k▼
Tax adjustments and reversals of tax provisions77-€1k
Profit (loss) for the period9904€65k€47k▼
Profit (loss) for the period to be appropriated9905€65k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€47k▼
Transfer to equity691/2€65k€47k▼
To other reserves6921€65k€47k▼
Social balance
Average headcount (FTE)90877.98.9▲
The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €47k ▼27.7%
Net result drops to €47k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €153k ▲170%
Operating result €231k, net result €153k, both a record.
31-12
Financial
Equity above €500kEq €511k ▲42.7%
2 profitable years in a row build equity to €511k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Tielt · 1 establishment unit since 1998
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.
Szamotulystraat 58700 TieltGround area
8,751 m²
Building footprint
2,426 m²
Volume, LiDAR
18,574 m³
Parcel 37302E0611/00E000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M.M.T.
since 19982.085.178.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0611/00E000 | Flanders | 8,751 m² | 1 · 2,426 m² | 8.8 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
9 categoriesM.M.T. BV24916
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Of 363 companies in sector 25210 we hold annual accounts for 281. 193 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-1997
Fiscal year end31-12
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
45310
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.