M-Tech
ActiveSummary
The computed 12-month bankruptcy probability of M-Tech is 2.8% (moderate). The 2025 annual accounts show equity of €25,951 and a net result of -€10,624. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 39% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €25,951
- Loss
- -€10,624
Why 49raises riskLast filed accounts filed 56 days late; 2 of the last 3 lateFounded in 2022Sector: Specialised construction activities (NACE 43)Loss of €10,624, the second in a row (financial year 2025)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 39% on solvency, 20% on liquidity, 4% on profitability and 14% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 38 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€10,624
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524096.
2023 to 2025, 3 financial years
The operating result turns negative in 2025: a loss of €10,816 after €1,065 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,223 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,734 | €1,743 | €1,744 | = |
| Other operating charges640/8 | €1,184 | €694 | €982 | ▲ 41.7% |
| Gross operating margin9900 | €55,039 | €3,502 | -€8,090 | - |
| Operating profit (loss)9901 | €51,122 | €1,065 | -€10,816 | - |
| Financial income75/76B | €184 | €493 | €355 | ▼ 28.0% |
| Recurring financial income75 | €184 | €493 | €355 | ▼ 28.0% |
| Financial charges65/66B | €782 | €1,034 | €148 | ▼ 85.7% |
| Recurring financial charges65 | €782 | €1,034 | €148 | ▼ 85.7% |
| Profit (loss) for the period before taxes9903 | €50,523 | €524 | -€10,609 | - |
| Income taxes67/77 | €8,987 | €685 | €15 | ▼ 97.8% |
| Profit (loss) for the period9904 | €41,536 | -€161 | -€10,624 | ▼ 6,514% |
| Profit (loss) for the period to be appropriated9905 | €41,536 | -€161 | -€10,624 | ▼ 6,514% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €83,379 | €62,844 | €70,127 | ▲ 11.6% |
| Fixed assets21/28 | €4,531 | €2,788 | €18,139 | ▲ 551% |
| Intangible fixed assets21 | €194 | €94 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €4,337 | €2,695 | €18,139 | ▲ 573% |
| Plant, machinery and equipment23 | €2,271 | €1,695 | €1,129 | ▼ 33.4% |
| Furniture and vehicles24 | €2,066 | €1,000 | €17,010 | ▲ 17× |
| Current assets29/58 | €78,848 | €60,055 | €51,987 | ▼ 13.4% |
| Stocks and contracts in progress3 | €1,921 | €3,000 | €3,000 | = |
| Stocks30/36 | €1,921 | €3,000 | €3,000 | = |
| Amounts receivable within one year40/41 | €41,802 | €31,895 | €40,875 | ▲ 28.2% |
| Trade receivables40 | €40,952 | €28,368 | €30,673 | ▲ 8.1% |
| Other amounts receivable41 | €850 | €3,527 | €10,202 | ▲ 189% |
| Cash at bank and in hand54/58 | €35,126 | €24,379 | €8,112 | ▼ 66.7% |
| Deferred charges and accrued income490/1 | - | €781 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €83,379 | €62,844 | €70,127 | ▲ 11.6% |
| Equity10/15 | €37,536 | €36,575 | €25,951 | ▼ 29.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €32,536 | €31,575 | €20,951 | ▼ 33.6% |
| Distributable reserves133 | €32,536 | €31,575 | €20,951 | ▼ 33.6% |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €45,843 | €26,268 | €44,175 | ▲ 68.2% |
| Amounts payable within one year42/48 | €45,843 | €26,268 | €44,175 | ▲ 68.2% |
| Current portion of amounts payable after more than one year42 | €1,542 | - | - | - |
| Trade debts44 | €10,045 | €9,233 | €13,805 | ▲ 49.5% |
| Suppliers440/4 | €10,045 | €9,233 | €13,805 | ▲ 49.5% |
| Taxes, remuneration and social security45 | €9,122 | €10,329 | €3,239 | ▼ 68.6% |
| Taxes450/3 | €9,122 | - | €1,339 | - |
| Remuneration and social security454/9 | - | €10,329 | €1,900 | ▼ 81.6% |
| Other amounts payable47/48 | €25,133 | €6,706 | €27,132 | ▲ 305% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,536 | -€161 | -€10,624 | ▼ 6,514% |
| + Depreciation and write-downs630 | €2,734 | €1,743 | €1,744 | = |
| Operating cash flow (approximation) | €44,270 | €1,582 | -€8,881 | - |
| Investment in fixed assets (approximation) | - | €0 | -€17,094 | - |
| Change in cash | - | -€10,746 | -€16,267 | ▼ 51.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-09-2026 | 2026-00524096 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00424087 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00451128 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MOENTACK Geoffrey Jaak Mario |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-12
Gazette deed
IncorporationAppointment: MOENTACK Geoffrey Jaak Mario (director) · Founder · Founding capital7 facts ▸
- Incorporation, 07-12-2022
- Founder, MOENTACK Geoffrey Jaak Mario
- Founding capital
- Registered office clause, “8500 Kortrijk, Iepersestraat 144” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, MOENTACK Geoffrey Jaak Mario (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten door comparant in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0794.586.287
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34352C0457/00Y002 | Flanders | 514 m² | 1 · 123 m² | 8.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De klein- en groothandel,alsmede de import en export van allerhande elektrische toestellen,met inbegrip van verlichtingsartikelen en…” (deed in Dutch)
34 activities (deed in Dutch)
- De klein- en groothandel,alsmede de import en export van allerhande elektrische toestellen,met inbegrip van verlichtingsartikelen en radio-elektrisch materieel;
- De klein- en groothandel in elektrisch materiaal,inclusief installatiemateriaal;
- De klein- en groothandel in kabels,draad,schakelaars en ander installatiemateriaal;
- De klein- en groothandel in ander elektrisch materiaal,zoals elektromotoren,transformators,schakelborden;
- De klein- en groothandel in zonnepanelen;
- De klein- en groothandel in installatiemateriaal voor loodgieterswerk en verwarming;
- Onderneming voor de installatie van elektrische bedrading en toebehoren;
- Onderneming voor de installatie van hulpvoedingssystemen;
- Onderneming voor de installatie van bedrading voor telefooninstallaties en computersystemen;
- Onderneming voor de installatie van elektrische verwarmingssystemen;
- Onderneming voor de installatie van bewakingssystemen en alarmsystemen tegen diefstal;
- Onderneming voor de installatie van verwarming,klimaatregeling,ventilatie en warmtepompen;
- Onderneming voor de reparatie en onderhoud van verwarmingsinstallaties,het vervaardigen van radiatoren en ketels voor centrale verwarming;loodgieterswerk;zinkwerk;
- Onderneming voor de installatie van verlichting;
- Onderneming voor de installatie van airco en koeltechnieken;
- Onderneming voor de installatie van zonnepanelen;
- De vervaardiging en plaatsing van lichtreclames;
- Het aanleggen van verkeerssignalisaties;
- Onderneming voor de herstelling en/of fabricatie van allerhande elektrisch materieel;
- Technische studies;
- De uitwerking en realisatie van projecten op het gebied van elektriciteit;
- Onderneming voor dakwerken,zinkwerken,asfaltwerken,gevelbekleding;
- Onderneming voor het plaatsen van dakbedekking en de bouw van dakconstructies;
- Onderneming voor het plaatsen van dakgoten en regenafvoerbuizen;
- Onderneming voor het waterdicht maken van daken en dakterrassen;
- Markt- en straathandel in alle artikelen;
- Het waarnemen van bestuursopdrachten en –mandaten,het uitoefenen van opdrachten en functies,het optreden als vereffenaar;
- Het verlenen van adviezen en bijstand van financiële,technische,commerciële of administratieve aard,in de ruimste zin;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht),het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook;
- Zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen;
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;
- Alle commerciële,financiële,industriële,burgerlijke,roerende en onroerende verrichtingen die zich rechtstreeks of onrechtstreeks bij het voorwerp aansluiten,of van aard zijn er de verwezenlijking van te bevorderen;
- Deelnemen in alle ondernemingen,zowel in België als in het buitenland,die hetzelfde,een gelijkaardig of aanverwant voorwerp nastreven,of die de verwezenlijking van het voorwerp vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- M-Tech
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, ontbinding” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)