M-Tech
ActiveThe computed 12-month bankruptcy probability of M-Tech is 3.5% (moderate). The 2024 annual accounts show equity of €37k and a net result of €-161. Its solvency ranks better than 63% of 36378 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
65
/ 100
Healthy▼ -21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency98▲+15
Growth32
Stability94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 1.72 in 2023), and 41.8% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
58.2%
Return on assets
-0.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 2.6%
2023 · €38k
2023: €38k
2023 → 2024
Total assets
€63k▼ 24.6%
2023 · €83k
2023: €83k
2023 → 2024
Net result
€-161
2023 · €42k
2023: €42k
2023 → 2024
Working capital
€34k▲ 2.4%
2023 · €33k
2023: €33k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€38k-€37k▼ 2.6%
Operating result€51k-€1k▼ 97.9%
Net result€42k-€-161
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€3k▼ 38.5%
Current assets
€60k▼ 23.8%
Equity and liabilities €63k
Equity
€37k▼ 2.6%
Debt
€26k▼ 42.7%
The debt ratio falls from 55.0% to 41.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2023 · €54k
Cash flow
€2k▼
2023 · €44k
Solvency
58.2%▲
2023 · 45.0%
Current ratio
2.29▲
2023 · 1.72
Quick ratio
2.17▲
2023 · 1.68
Debt / equity
0.72▼
2023 · 1.22
ROE
-0.4%▼
2023 · 110.7%
ROA
-0.3%▼
2023 · 49.8%
Interest coverage
2.72▼
2023 · 68.86
Debt
€26k▼
2023 · €46k
Debt ≤ 1 year
€26k▼
2023 · €46k
Income taxes
€685▼
2023 · €9k
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€83k€63k▼
Fixed assets21/28€5k€3k▼
Intangible fixed assets21€194€94▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€1,000▼
Current assets29/58€79k€60k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€42k€32k▼
Trade receivables40€41k€28k▼
Other amounts receivable41€850€4k▲
Cash at bank and in hand54/58€35k€24k▼
Deferred charges and accrued income490/1-€781
Equity and liabilities
Total equity and liabilities10/49€83k€63k▼
Equity10/15€38k€37k▼
Contributions10/11€5k€5k=
Reserves13€33k€32k▼
Distributable reserves133€33k€32k▼
Amounts payable17/49€46k€26k▼
Amounts payable within one year42/48€46k€26k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k-
Remuneration and social security454/9-€10k
Other amounts payable47/48€25k€7k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€694▼
Gross operating margin9900€55k€4k▼
Operating profit (loss)9901€51k€1k▼
Financial income75/76B€184€493▲
Recurring financial income75€184€493▲
Financial charges65/66B€782€1k▲
Recurring financial charges65€782€1k▲
Profit (loss) for the period before taxes9903€51k€524▼
Income taxes67/77€9k€685▼
Profit (loss) for the period9904€42k€-161▼
Profit (loss) for the period to be appropriated9905€42k€-161▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-161▼
Transfer from equity791/2-€961
Transfer to equity691/2€33k-
To other reserves6921€33k-
Profit to be distributed694/7€9k€800▼
Return on contributions (dividend)694€800€800=
Directors or managers695€8k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2022
Ground area
514 m²
Building footprint
123 m²
Volume, LiDAR
821 m³
Parcel 34352C0457/00Y002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M-Tech
since 20222.338.866.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352C0457/00Y002 | Flanders | 514 m² | 1 · 123 m² | 8.5 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.
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DE CLERCQ ANDRES
BE 0778.306.917
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START TO CONTROL
BE 0413.698.961
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NOZECO
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Bilzen-Hoeselt · Eq €37k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 8,191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
28250Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.