M'Tra
ActiveSummary
The computed 12-month bankruptcy probability of M'Tra is 2.1% (moderate). The 2024 annual accounts show equity of €129,038 and a net result of €6,887. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 728 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+72
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 17.37 against 3.81 in 2023; short-term debt: 5% and cash: 8.8% of total assets), and 5% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-01-2026, 160 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
160 d late
2023
68 d late
2022
70 d late
2021
30 d late
2020
26 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€129,038▲ 5.6%
2023 · €122,151
Total assets
€135,790▼ 11.2%
2023 · €152,860
Net result
€6,887
2023 · -€18,692
Working capital
€110,155▲ 27.8%
2023 · €86,198
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€114,750▲ 61.3%€79,459▼ 30.8%€148,262▲ 86.6%-€17,245€9,085
Net result€92,098▲ 70.7%€66,657▼ 27.6%€118,475▲ 77.7%-€18,692€6,887
Equity€265,712▲ 53.0%€22,369▼ 91.6%€140,843▲ 530%€122,151▼ 13.3%€129,038▲ 5.6%
Total assets€623,226▲ 39.1%€717,063▲ 15.1%€180,827▼ 74.8%€152,860▼ 15.5%€135,790▼ 11.2%
Debt€357,514▲ 30.3%€694,694▲ 94.3%€39,984▼ 94.2%€30,709▼ 23.2%€6,752▼ 78.0%
Working capital€125,808▲ 1.3%-€158,542€98,657€86,198▼ 12.6%€110,155▲ 27.8%
Staff (FTE)0.5▲ 400%3.8▲ 660%0.2▼ 94.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9,085 after a loss of €17,245 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135,790
Fixed assets
€18,905 ▼ 47.4%
Current assets
€116,885 =
Equity and liabilities €135,790
Equity
€129,038 ▲ 5.6%
Debt
€6,752 ▼ 78.0%
Debt's share of the balance-sheet total falls from 20.1% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,270▲
2023 · -€4,084
Cash flow
€19,072▲
2023 · -€5,532
Current ratio
17.37▲
2023 · 3.81
Debt to equity
0.05▼
2023 · 0.25
ROE
5.3%▲
2023 · -15.3%
ROA
5.1%▲
2023 · -12.2%
Interest coverage
13.48▲
2023 · -5.24
Debt ≤ 1 year
€6,730▼
2023 · €30,709
Income taxes
€674▲
2023 · €668
Staff costs
€943▲
2023 · -€133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €105,655 | €223,014 | - | €6,716 | - |
| Remuneration, social security and pensions62 | - | €80,233 | €1,613 | -€133 | €943 | ▲ 810% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,644 | €109,917 | €15,332 | €13,160 | €12,185 | ▼ 7.4% |
| Other operating charges640/8 | - | €131,237 | €6,021 | €2,880 | €6,676 | ▲ 132% |
| Non-recurring operating charges66A | - | €15,053 | - | - | €6,885 | - |
| Gross operating margin9900 | €252,487 | €415,898 | €171,228 | -€1,337 | €35,774 | ▲ 2,775% |
| Operating profit (loss)9901 | €114,750 | €79,459 | €148,262 | -€17,245 | €9,085 | ▲ 153% |
| Financial income75/76B | - | €557 | €1,110 | - | €54 | - |
| Recurring financial income75 | €749 | €557 | €1,110 | - | €54 | - |
| Financial charges65/66B | - | €9,066 | €2,949 | €779 | €1,578 | ▲ 103% |
| Recurring financial charges65 | €4,024 | €9,066 | €2,949 | €779 | €1,578 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €111,476 | €70,951 | €146,423 | -€18,024 | €7,561 | ▲ 142% |
| Income taxes67/77 | €19,378 | €4,294 | €27,948 | €668 | €674 | ▲ 0.9% |
| Profit (loss) for the period9904 | €92,098 | €66,657 | €118,475 | -€18,692 | €6,887 | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €92,098 | €66,657 | €118,475 | -€18,692 | €6,887 | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €623,226 | €717,063 | €180,827 | €152,860 | €135,790 | ▼ 11.2% |
| Fixed assets21/28 | €270,933 | €313,409 | €42,187 | €35,953 | €18,905 | ▼ 47.4% |
| Tangible fixed assets22/27 | €268,524 | €307,880 | €36,709 | €30,476 | €13,428 | ▼ 55.9% |
| Plant, machinery and equipment23 | - | €8,027 | €4,122 | €2,429 | €1,235 | ▼ 49.1% |
| Furniture and vehicles24 | - | €39,947 | €28,121 | €24,404 | €9,373 | ▼ 61.6% |
| Leasing and similar rights25 | - | €253,673 | - | - | - | - |
| Other tangible fixed assets26 | - | €6,234 | €4,467 | €3,643 | €2,819 | ▼ 22.6% |
| Financial fixed assets28 | €2,409 | €5,529 | €5,477 | €5,477 | €5,477 | = |
| Current assets29/58 | €352,293 | €403,654 | €138,641 | €116,907 | €116,885 | = |
| Amounts receivable within one year40/41 | €218,613 | €200,071 | €39,971 | €61,990 | €102,820 | ▲ 65.9% |
| Trade receivables40 | - | €180,918 | €15,300 | €4,006 | €43,033 | ▲ 974% |
| Other amounts receivable41 | - | €19,153 | €24,672 | €57,984 | €59,788 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €123,672 | €196,227 | €95,255 | €52,977 | €11,975 | ▼ 77.4% |
| Deferred charges and accrued income490/1 | - | €7,356 | €3,414 | €1,939 | €2,089 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €623,226 | €717,063 | €180,827 | €152,860 | €135,790 | ▼ 11.2% |
| Equity10/15 | €265,712 | €22,369 | €140,843 | €122,151 | €129,038 | ▲ 5.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €247,112 | €3,769 | €122,243 | €122,243 | €122,243 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €1,909 | €120,383 | €120,383 | €120,383 | = |
| Profit (loss) carried forward14 | - | - | - | -€18,692 | -€11,805 | ▲ 36.8% |
| Amounts payable17/49 | €357,514 | €694,694 | €39,984 | €30,709 | €6,752 | ▼ 78.0% |
| Amounts payable after more than one year17 | €131,029 | €132,499 | - | - | - | - |
| Financial debts170/4 | - | €132,499 | - | - | - | - |
| Amounts payable within one year42/48 | €226,485 | €562,196 | €39,984 | €30,709 | €6,730 | ▼ 78.1% |
| Current portion of amounts payable after more than one year42 | - | €91,174 | €6,821 | - | - | - |
| Trade debts44 | €96,406 | €123,778 | €4,525 | €2,064 | €6,042 | ▲ 193% |
| Suppliers440/4 | - | €123,778 | €4,525 | €2,064 | €6,042 | ▲ 193% |
| Taxes, remuneration and social security45 | - | €63,436 | €28,638 | €28,646 | €689 | ▼ 97.6% |
| Taxes450/3 | - | €51,955 | €28,638 | €28,646 | €689 | ▼ 97.6% |
| Remuneration and social security454/9 | - | €11,481 | - | - | - | - |
| Other amounts payable47/48 | - | €283,809 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €21 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,098 | €66,657 | €118,475 | -€18,692 | €6,887 | ▲ 137% |
| + Depreciation and write-downs630 | €103,644 | €109,917 | €15,332 | €13,160 | €12,185 | ▼ 7.4% |
| Operating cash flow (approximation) | €195,742 | €176,573 | €133,806 | -€5,532 | €19,072 | ▲ 445% |
| Investment in fixed assets (approximation) | - | -€152,393 | €255,891 | -€6,927 | €4,864 | ▲ 170% |
| Change in cash | - | €72,555 | -€100,972 | -€42,278 | -€41,002 | ▲ 3.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 160 days late
2024
31-12
Financial
Back to profitnet €6,887
Net result €6,887 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 17.37
Current ratio from 3.81 to 17.37; short-term debt falls from €30,709 to €6,730.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€18,692
Net result drops to -€18,692, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €118,475 ▲77.7%
Operating result €148,262, net result €118,475, both a record.
31-12
Financial
Liquidity times 5current ratio 3.47
Current ratio from 0.72 to 3.47; short-term debt falls from €562,196 to €39,984.
31-12
Financial
Equity above €100,000Eq €140,843 ▲530%
5 profitable years in a row build equity to €140,843.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €200,000Eq €265,712 ▲53%
3 profitable years in a row build equity to €265,712.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Equity above €150,000Eq €173,614 ▲45.1%
2 profitable years in a row build equity to €173,614.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 2016
Ground area
494 m²
Building footprint
95 m²
Volume, LiDAR
393 m³
Parcel 37322C1044/00K000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M'Tra
since 20162.249.265.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1044/00K000 | Flanders | 494 m² | 1 · 95 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 989 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
49410Freight transport by road
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.