Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
The 2021 accounts came latest: 51 days after the end of the period.
Less equity than 90% of companies in food and beverage service. Sector median €28,354 · 18,541 companies.
In July 2024, 6,007 companies had the same profile as MT CONCEPT has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,007 companies, not a prediction for MT CONCEPT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MT CONCEPT Mons | €49,522 | €68,623 | -100.5% | - |
| MANU GST Brussels | €46,275 | €65,717 | 100.0% | - |
| LEZHA Liège | €49,845 | €76,129 | 21.1% | - |
| LE LAUTREC SMG Soumagne | €52,547 | €76,262 | 38.9% | - |
| PATHO Koksijde | €53,837 | €64,758 | 20.2% | - |
| HAND Marche-en-Famenne | €43,417 | €80,744 | 17.1% | 1.2 |
| DITI ET ARI Sint-Pieters-Leeuw | €60,431 | €71,607 | -43.8% | - |
These companies have the same main activity as MT CONCEPT: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €43,400 and €60,400, founded between 2019 and 2020.
MT CONCEPT files the micro format. That format states no turnover. The gross margin rose from -€3,614 in 2020 to €68,623 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €210,000 and €320,000.
Higher than 10% of 18,509 companies in 2025.
Higher than 14% of 17,864 companies in 2025.
Higher than 8% of 17,961 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
49,522 | 62,620 | 98,680 | 88,947 | 80,968 | 70,800 | |
21/28 |
20,938 | 29,884 | 38,829 | 42,530 | 49,191 | 51,006 | |
22/27 |
20,488 | 29,434 | 38,379 | 42,080 | 48,741 | 50,556 | |
23 |
14,038 | 18,579 | 23,120 | 22,413 | 24,669 | 25,360 | |
24 |
6,451 | 10,855 | 15,260 | 19,668 | 24,072 | 25,196 | |
28 |
450 | 450 | 450 | 450 | 450 | 450 | |
29/58 |
28,584 | 32,736 | 59,851 | 46,417 | 31,777 | 19,793 | |
3 |
1,215 | 6,031 | 6,444 | 5,873 | 13,249 | 6,126 | |
30/36 |
1,215 | 6,031 | 6,444 | 5,873 | 13,249 | 6,126 | |
40/41 |
23,483 | 2,328 | 14,115 | 5,699 | 1,708 | 6,540 | |
40 |
23,263 | 1,192 | 11,168 | 5,699 | - | 4,693 | |
41 |
220 | 1,136 | 2,947 | - | 1,708 | 1,847 | |
54/58 |
3,074 | 21,990 | 34,480 | 34,845 | 16,820 | 7,127 | |
490/1 |
812 | 2,386 | 4,812 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
49,522 | 62,620 | 98,680 | 88,947 | 80,968 | 70,800 | |
10/15 |
-49,783 | -25,717 | -19,077 | -15,391 | -35,601 | 5,143 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | 20,000 | |
14 |
-69,783 | -45,717 | -39,077 | -35,391 | -55,601 | -14,857 | |
17/49 |
99,305 | 88,337 | 117,757 | 104,338 | 116,570 | 65,657 | |
17 |
- | - | 10,980 | 23,375 | 35,592 | - | |
170/4 |
- | - | 10,980 | 23,375 | 35,592 | - | |
42/48 |
99,305 | 88,337 | 106,778 | 80,963 | 80,978 | 63,697 | |
42 |
- | 10,980 | 12,395 | 12,217 | 12,044 | - | |
43 |
112 | 100 | - | - | - | - | |
430/8 |
112 | 100 | - | - | - | - | |
44 |
15,243 | 12,087 | 26,861 | 6,598 | 26,916 | 26,508 | |
440/4 |
15,243 | 12,087 | 26,861 | 6,598 | 25,488 | 26,508 | |
441 |
- | - | - | - | 1,428 | - | |
45 |
16,578 | 12,898 | 15,249 | 11,541 | 18 | - | |
450/3 |
7,306 | 7,488 | 7,098 | 11,541 | 18 | - | |
454/9 |
9,272 | 5,409 | 8,151 | - | - | - | |
47/48 |
67,372 | 52,273 | 52,273 | 50,607 | 42,000 | 37,189 | |
492/3 |
- | - | - | - | - | 1,960 | |
| Income statement | |||||||
9900 |
68,623 | 102,314 | 116,851 | 149,758 | 72,582 | -3,614 | |
62 |
95,635 | 93,096 | 99,430 | 118,000 | 78,484 | 7,699 | |
630 |
8,946 | 8,946 | 8,477 | 8,256 | 7,663 | 2,645 | |
640/8 |
1,487 | 5,237 | 8,454 | 921 | 664 | 817 | |
9901 |
-37,445 | -4,965 | 491 | 22,581 | -14,229 | -14,776 | |
75/76B |
14,979 | - | 1 | 0 | 6 | 18 | |
75 |
15 | - | 1 | 0 | 6 | 18 | |
76B |
14,964 | - | - | - | - | - | |
65/66B |
1,600 | 1,674 | 4,178 | 2,371 | 26,521 | 100 | |
65 |
1,600 | 1,674 | 4,178 | 2,371 | 1,293 | 100 | |
66B |
- | - | - | - | 25,228 | - | |
9903 |
-24,066 | -6,639 | -3,686 | 20,210 | -40,744 | -14,857 | |
9904 |
-24,066 | -6,639 | -3,686 | 20,210 | -40,744 | -14,857 | |
9905 |
-24,066 | -6,639 | -3,686 | 20,210 | -40,744 | -14,857 | |
| Appropriation of the result | |||||||
9906 |
-69,783 | -45,717 | -39,077 | -35,391 | -55,601 | -14,857 | |
14P |
-45,717 | -39,077 | -35,391 | -55,601 | -14,857 | - | |
| Social balance sheet | |||||||
9087 |
5.2 | 4.2 | 4.7 | - | - | - | |
Hours worked1013 |
3,693 | 3,790 | 3,614 | - | - | - | |
| Document | |||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.
2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451055.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00451055 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00314225 | |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00463043 | |
| 31-12-2022 | micro format | 12-09-2023 | 2023-00444101 | |
| 31-12-2021 | micro format | 20-09-2022 | 2022-20433133 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37800346 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -28,499 | 3,980 | 8,968 | 30,838 | -6,567 | -12,131 | ||
| -15,120 | 2,306 | 4,790 | 28,466 | -33,081 | -12,213 | ||
| 0 | 0 | 4,776 | 1,595 | 5,848 | 53,651 | ||
| -18,916 | -12,489 | -365 | 18,025 | 9,693 | - | ||
| -70,721 | -55,601 | -46,927 | -34,547 | -49,201 | -43,904 | ||
| -100.5% | -41.1% | -19.3% | -17.3% | -44.0% | 7.3% | ||
| 0.29 | 0.37 | 0.56 | 0.57 | 0.39 | 0.31 | ||
| 0.28 | 0.30 | 0.50 | 0.50 | 0.23 | 0.21 | ||
| - | - | - | - | - | 12.77 | ||
| - | - | - | - | - | -288.9% | ||
| -48.6% | -10.6% | -3.7% | 22.7% | -50.3% | -21.0% | ||
| -17.81 | 2.38 | 2.15 | 13.00 | -5.08 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 5 | 4 |
| part-time | 3 | 5 | 4 |
| in full-time equivalents | 1.1 | 2.7 | 1.9 |
| 2.2 | 2.2 | 2.5 | |
| On a permanent contract | 1 | 3 | 4 |
| Joined | - | 8 | 3 |
| Left | - | 7 | 4 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €4,776 | €1,595 | €5,848 |
| €8,946 | €8,946 | €8,477 | €8,256 | €7,663 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €37,445, larger than the loss of €4,965 in 2024. It is the lowest result since 2020.
Equity is negative. Debt (€99,305) exceeds the balance-sheet total (€49,522).
MT CONCEPT has no parent and no holdings in its annual accounts.
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 17-12-2021 founded in 2021 · negative equity (2025) |
total assets €61,424 (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 29-03-2021 founded in 2021 |
21 FTE (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 14-04-2023 founded in 2018 |
total assets €437,420 (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 19-04-2022 founded in 2022 |
total assets €305,230 (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 19-04-2024 founded in 2024 |
total assets €213,148 (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 27-07-2022 founded in 2022 |
total assets €171,943 (2025) |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) and daily management delegate · deed of 19-06-2026 |
founded in 2026 |
via , at MT CONCEPT, last mentioned in 2020 · Director (not named in the articles) · deed of 25-10-2019 No longer active · founded in 2019 |
total assets €19,315 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue de Nimy 1 registered office 7000 Mons | 06-04-2020 | 2.301.310.845 | Restaurant |
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