MANAGEMENT TRADE COMPANY
ActiveSummary
MANAGEMENT TRADE COMPANY has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-559k) and a net result of €64k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 5% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.12 in 2024; short-term debt: 64.3% and cash: 0.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
-81.3%
Return on assets
9.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4539 sector peers (2025).
NBB · sector comparisonPosition among 4539 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
26 d late
2023
22 d late
2022
21 d late
2021
23 d late
2020
23 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€64k▲ 6.0%
2024 · €60k
2018: €-421k
2019: €-79k
2020: €-30k
2021: €-21k
2022: €15k
2023: €-23k
2024: €60k
2018 → 2025
Working capital
€-389k▼ 0.6%
2024 · €-387k
2018: €-335k
2019: €-270k
2020: €-295k
2021: €-338k
2022: €-353k
2023: €-411k
2024: €-387k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-675k-€-660k▲ 2.3%€-683k▼ 3.5%€-623k▲ 8.8%€-559k▲ 10.2%
Operating result€19k-€55k▲ 186%€27k▼ 51.4%€106k▲ 298%€103k▼ 3.1%
Net result€-21k-€15k€-23k€60k€64k▲ 6.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€635k ▼ 7.6%
Current assets
€53k ▲ 5.0%
Key figures and ratios
EBITDA
€155k▼
2024 · €167k
Cash flow
€116k▼
2024 · €121k
Solvency
-81.3%▲
2024 · -84.4%
Current ratio
0.12▲
2024 · 0.12
Debt to equity
-2.23▼
2024 · -2.18
ROA
9.3%▲
2024 · 8.1%
Interest coverage
3.95▲
2024 · 3.61
Debt
€1.25M▼
2024 · €1.36M
Debt ≤ 1 year
€442k▲
2024 · €438k
Debt > 1 year
€805k▼
2024 · €915k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€738k€688k▼
Fixed assets21/28€687k€635k▼
Tangible fixed assets22/27€687k€635k▼
Land and buildings22€687k€635k▼
Current assets29/58€51k€53k▲
Amounts receivable within one year40/41€50k€51k▲
Trade receivables40€46k€47k▲
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€468€2k▲
Equity and liabilities
Total equity and liabilities10/49€738k€688k▼
Equity10/15€-623k€-559k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-685k€-621k▲
Amounts payable17/49€1.36M€1.25M▼
Amounts payable after more than one year17€915k€805k▼
Financial debts170/4€905k€805k▼
Other amounts payable178/9€10k-
Amounts payable within one year42/48€438k€442k▲
Current portion of amounts payable after more than one year42€105k€110k▲
Financial debts43€27k€34k▲
Credit institutions430/8€27k€34k▲
Trade debts44€33k€36k▲
Suppliers440/4€33k€36k▲
Taxes, remuneration and social security45-€38
Taxes450/3-€38
Other amounts payable47/48€272k€263k▼
Accrued charges and deferred income492/3€8k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€52k▼
Other operating charges640/8€32k€34k▲
Gross operating margin9900€198k€189k▼
Operating profit (loss)9901€106k€103k▼
Financial charges65/66B€46k€39k▼
Recurring financial charges65€46k€39k▼
Profit (loss) for the period before taxes9903€60k€64k▲
Profit (loss) for the period9904€60k€64k▲
Profit (loss) for the period to be appropriated9905€60k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-685k€-621k▲
Profit (loss) brought forward from the previous period14P€-745k€-685k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Highest result since 2018net €64k ▲6%
Net result €64k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 4 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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.
Directors · office · real estate
Directors
7 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, Herstal · 1 establishment unit since 2001
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.
Rue de Hermée 1714040 HerstalGround area
9,198 m²
Building footprint
892 m²
Volume, LiDAR
7,960 m³
Parcel 62312A0441/00G000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Limbourg 5, 4800 Verviers
since 20012.036.243.497
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0441/00G000 | Wallonia | 9,198 m² | 1 · 891 m² | 9.8 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
Legal Entity Identifier
549300P7MXDC01XFUR51
Similar companies · same sector and region
BELCO ENGINEERING
BE 0651.631.647
Herstal
BONIMMO
BE 0862.324.060
Herstal
COMPAGNIE IMMOBILIERE ANONYME
BE 0447.657.671
Herstal
HERSTAL INVEST
BE 0461.352.091
Herstal
IMMOTERRE
BE 0463.609.025
Herstal
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1986
Fiscal year end31-12
Abbreviation FR
M.T.C.
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.