Equity
-€13,475
Debts exceed assets in financial year 2025.
MFS TRUCKS
Lifetime
17 annual accounts with figures on one time axis, 27 filings since 1999peak €129,302 (2010)
€14,797▲ €24,085
lowest -€56,310 (2020)
€2,440▲ €28,311
peak €122,991 (2010)
-€13,475▲ €2,440
€137,344▼ 1.7%
Board2 names since 2010
2 directorsCLOOTS Marleen and 1 other
Documentsfilings and deeds
19-02-202619 days late
2025micro format
Gross margin from -€9,288 to €14,797Back to profit: €2,440Equity from -€15,914 to -€13,475
Key points
from the 2025 annual accountsDebts
€137,344 111% of the balance sheet
Suppliers 23%Taxes and wages 4%Other 73%
Position in the sector
-€13,475
Less equity than 91% of companies in land transport. Sector median €34,663 · 5,957 companies.
2025 accounts filed 19 days after the deadline
Checked score
55
Fair
Financially stronger than 43% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.9%▲ +0.1 percentage points vs 12-2024
02-2025: 1.1%▲ +0.2 percentage points vs 01-2025
03-2025: 1.4%▲ +0.3 percentage points vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.7%▲ +0.3 percentage points vs 01-2026highest value
03-2026: 0.7%▼ -1.0 percentage point vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.6%▼ -0.1 percentage points vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€13,475
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Size: total assets €123,869
Founded in 1998
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 12% of them on solvency, 52% on liquidity, 46% on profitability and 62% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,449 companies had the same profile as MFS TRUCKS has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MFS TRUCKS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for MFS TRUCKS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.69 (0.61 in 2024), below 1. Short-term debt is 110.9% and cash 51.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5946 sector peers (2025).
NBB · sector comparisonPosition among 5946 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-02-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
19 days late
2024
3 days late
2023
1 day early
2022
3 days early
2021
on the day
2020
2 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
CM
CLOOTS Marleen
Director, since 01-01-2010
SF
SMOLDERS François
Director
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462877565
First establishment
De Bleek 20, Olen
Incorporation
published on 26-03-1998 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MFS TRUCKS Olen | €123,869 | €14,797 | -10.9% | - |
| TRANSPORT, VERVOER EN DEPANNAGE DEMOOR Wijnegem | €112,009 | €12,965 | 4.2% | - |
| DIMO Turnhout | €151,491 | €14,305 | 54.6% | - |
| VANWYNSBERGHE JOHAN Deerlijk | €124,677 | €13,626 | 65.7% | - |
| G.F.M. SERVICES Manage | €129,218 | €18,011 | 77.8% | - |
| VAN GASSEN Ledegem | €153,460 | €15,680 | 53.0% | - |
| Cross Cargo Kruisem | €143,846 | €11,861 | 64.3% | - |
These companies have the same main activity as MFS TRUCKS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €112,000 and €153,000, founded between 1993 and 2001.
Official details
Source: KBO- Status
- Active since 13-03-1998Normal situation
- Activity
- Freight transport by roadNACE 49410and 1 other
- Establishment unit
- 2.086.924.1182250 Olen, since 27-05-1998
- Financial year end
- 30 June
- Peppol
- Reachable since 11-10-2025
Annual accounts to 30-06-2025
- ≈ €130,000estimated
- €123,869▲ 0.1%
- Filing
- Filed on 19-02-2026
Insights on MFS TRUCKS
MFS TRUCKS files the micro format. That format states no turnover. The gross margin fell from €36,657 in 2009 to €14,797 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MFS TRUCKS
- What is the company number of MFS TRUCKS?
- The company number of MFS TRUCKS is 0462.877.565. The VAT number is the same number with BE in front: BE 0462.877.565.
- Where is MFS TRUCKS based?
- The registered office is at De Bleek 20, 2250 Olen.Company details
- What does MFS TRUCKS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MFS TRUCKS?
- MFS TRUCKS is a private limited company (pre-2019) (BVBA).
- When was MFS TRUCKS founded?
- MFS TRUCKS was founded on 13-03-1998.
- Is MFS TRUCKS still active?
- Yes, MFS TRUCKS is an active enterprise in the KBO register.
- What is the turnover of MFS TRUCKS?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €14,797 and 67 comparable companies (NACE 49410). It probably lies between €64,000 and €210,000. It is a rough estimate. In financial year 2022 turnover was €167,100.Financials
- Is MFS TRUCKS profitable?
- In financial year 2025, MFS TRUCKS made a profit of €2,440.
- Where can I find the annual accounts of MFS TRUCKS?
- MFS TRUCKS filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MFS TRUCKS due?
- MFS TRUCKS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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