MT CONSTRUCT
ActiveSummary
MT CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €545,778 and a net result of €71,221. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 6.29 against 6.23 in 2023; short-term debt: 11.5% and cash: 35.6% of total assets), and 21% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 27-06-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
2 d early
2021
24 d late
2020
17 d early
2019
59 d late
2018
29 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 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€545,778▲ 12.2%
2023 · €486,557
Total assets
€691,134▲ 8.2%
2023 · €638,824
Net result
€71,221▼ 27.4%
2023 · €98,082
Working capital
€419,318▲ 18.3%
2023 · €354,356
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120232024
Operating result€62,043▲ 3.4%€23,915▼ 61.5%€28,833▲ 20.6%€148,389-€100,853▼ 32.0%
Net result€33,621▼ 13.8%€10,220within the sector's middle half▼ 69.6%€14,412within the sector's middle half▲ 41.0%€98,082above the sector's middle half-€71,221above the sector's middle half▼ 27.4%
Equity€375,843▲ 8.0%€386,063above the sector's middle half▲ 2.7%€400,475above the sector's middle half▲ 3.7%€486,557above the sector's middle half-€545,778above the sector's middle half▲ 12.2%
Total assets€614,459▲ 7.1%€576,162above the sector's middle half▼ 6.2%€559,182above the sector's middle half▼ 2.9%€638,824above the sector's middle half-€691,134above the sector's middle half▲ 8.2%
Debt€220,281▲ 6.3%€178,420▼ 19.0%€147,028▼ 17.6%€140,588-€133,677▼ 4.9%
Working capital€233,255▲ 35.3%€252,312above the sector's middle half▲ 8.2%€272,067above the sector's middle half▲ 7.8%€354,356above the sector's middle half-€419,318above the sector's middle half▲ 18.3%
Solvency61.2%▲ 0.5pp67.0%within the sector's middle half▲ 5.8pp71.6%above the sector's middle half▲ 4.6pp76.2%above the sector's middle half-79.0%above the sector's middle half▲ 2.8pp
Current ratio5.00▲ 0.776.92above the sector's middle half▲ 1.938.12above the sector's middle half▲ 1.206.23above the sector's middle half-6.29above the sector's middle half▲ 0.06
Return on assets (ROA)5.5%▼ 1.3pp1.8%within the sector's middle half▼ 3.7pp2.6%within the sector's middle half▲ 0.8pp15.4%within the sector's middle half-10.3%within the sector's middle half▼ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €691,134
Fixed assets
€192,552 ▼ 11.1%
Current assets
€498,582 ▲ 18.1%
Equity and liabilities €691,134
Equity
€545,778 ▲ 12.2%
Provisions
€11,679 =
Debt
€133,677 ▼ 4.9%
Debt's share of the balance-sheet total falls from 22.0% to 19.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127,213▼
2023 · €196,023
Cash flow
€97,581▼
2023 · €145,716
Debt to equity
0.24▼
2023 · 0.29
ROE
13.0%▼
2023 · 20.2%
Interest coverage
20.83▲
2023 · 17.35
Debt ≤ 1 year
€79,264▲
2023 · €67,775
Debt > 1 year
€54,413▼
2023 · €72,813
Income taxes
€24,263▼
2023 · €39,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,479 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,903 | €38,811 | €37,740 | €47,634 | €26,360 | ▼ 44.7% |
| Other operating charges640/8 | - | - | €1,812 | €4,942 | €2,627 | ▼ 46.8% |
| Non-recurring operating charges66A | - | - | - | €668 | - | - |
| Gross operating margin9900 | €107,464 | €61,448 | €68,385 | €201,633 | €129,840 | ▼ 35.6% |
| Operating profit (loss)9901 | €62,043 | €23,915 | €28,833 | €148,389 | €100,853 | ▼ 32.0% |
| Financial income75/76B | - | - | - | €38 | €737 | ▲ 1,839% |
| Recurring financial income75 | - | €30 | - | €38 | €737 | ▲ 1,839% |
| Financial charges65/66B | - | - | €6,228 | €11,300 | €6,106 | ▼ 46.0% |
| Recurring financial charges65 | €7,493 | €7,500 | €6,228 | €11,300 | €6,106 | ▼ 46.0% |
| Profit (loss) for the period before taxes9903 | €54,550 | €16,445 | €22,605 | €137,127 | €95,484 | ▼ 30.4% |
| Income taxes67/77 | €20,929 | €6,225 | €8,193 | €39,045 | €24,263 | ▼ 37.9% |
| Profit (loss) for the period9904 | €33,621 | €10,220 | €14,412 | €98,082 | €71,221 | ▼ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €49,121 | €10,220 | €14,412 | €98,082 | €71,221 | ▼ 27.4% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €614,459 | €576,162 | €559,182 | €638,824 | €691,134 | ▲ 8.2% |
| Fixed assets21/28 | €322,822 | €281,238 | €248,921 | €216,693 | €192,552 | ▼ 11.1% |
| Intangible fixed assets21 | €3,500 | - | - | - | - | - |
| Tangible fixed assets22/27 | €319,235 | €281,151 | €248,834 | €216,606 | €192,465 | ▼ 11.1% |
| Land and buildings22 | - | - | €233,028 | €212,958 | €188,502 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | - | €474 | €196 | €51 | ▼ 74.0% |
| Furniture and vehicles24 | - | - | €5,126 | €3,452 | €3,912 | ▲ 13.3% |
| Leasing and similar rights25 | - | - | €10,206 | - | - | - |
| Financial fixed assets28 | €87 | €87 | €87 | €87 | €87 | = |
| Current assets29/58 | €291,637 | €294,924 | €310,261 | €422,131 | €498,582 | ▲ 18.1% |
| Amounts receivable after more than one year29 | - | - | €70,000 | €110,000 | €110,000 | = |
| Other amounts receivable291 | - | - | €70,000 | €110,000 | €110,000 | = |
| Amounts receivable within one year40/41 | €13,534 | €32,296 | €19,627 | €9,345 | €41,545 | ▲ 345% |
| Trade receivables40 | - | - | €12,612 | - | €21,113 | - |
| Other amounts receivable41 | - | - | €7,015 | €9,345 | €20,432 | ▲ 119% |
| Current investments50/53 | - | - | - | - | €100,505 | - |
| Cash at bank and in hand54/58 | €238,828 | €208,709 | €214,349 | €297,278 | €245,741 | ▼ 17.3% |
| Deferred charges and accrued income490/1 | - | - | €6,285 | €5,508 | €791 | ▼ 85.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €614,459 | €576,162 | €559,182 | €638,824 | €691,134 | ▲ 8.2% |
| Equity10/15 | €375,843 | €386,063 | €400,475 | €486,557 | €545,778 | ▲ 12.2% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €238,869 | €248,869 | €262,869 | €348,869 | €407,869 | ▲ 16.9% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | €24,800 | €24,800 | €24,800 | = |
| Distributable reserves133 | - | - | €236,209 | €324,069 | €383,069 | ▲ 18.2% |
| Profit (loss) carried forward14 | €130,774 | €130,994 | €131,406 | €131,488 | €131,709 | ▲ 0.2% |
| Provisions and deferred taxes16 | €18,335 | €11,679 | €11,679 | €11,679 | €11,679 | = |
| Provisions for liabilities and charges160/5 | - | - | €11,679 | €11,679 | €11,679 | = |
| Pensions and similar obligations160 | - | - | €11,679 | €11,679 | €11,679 | = |
| Amounts payable17/49 | €220,281 | €178,420 | €147,028 | €140,588 | €133,677 | ▼ 4.9% |
| Amounts payable after more than one year17 | €161,899 | €135,808 | €108,834 | €72,813 | €54,413 | ▼ 25.3% |
| Financial debts170/4 | - | - | €108,834 | €72,813 | €54,413 | ▼ 25.3% |
| Amounts payable within one year42/48 | €58,382 | €42,612 | €38,194 | €67,775 | €79,264 | ▲ 17.0% |
| Current portion of amounts payable after more than one year42 | - | - | €33,974 | €19,413 | €20,105 | ▲ 3.6% |
| Trade debts44 | €2,207 | €2,138 | €1,549 | €12,438 | €3,333 | ▼ 73.2% |
| Suppliers440/4 | - | - | €1,549 | €12,438 | €3,333 | ▼ 73.2% |
| Taxes, remuneration and social security45 | - | - | €2,671 | €23,924 | €43,826 | ▲ 83.2% |
| Taxes450/3 | - | - | €2,671 | €21,674 | €43,826 | ▲ 102% |
| Remuneration and social security454/9 | - | - | - | €2,250 | - | - |
| Other amounts payable47/48 | - | - | - | €12,000 | €12,000 | = |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,621 | €10,220 | €14,412 | €98,082 | €71,221 | ▼ 27.4% |
| + Depreciation and write-downs630 | €41,903 | €38,811 | €37,740 | €47,634 | €26,360 | ▼ 44.7% |
| Operating cash flow (approximation) | €75,524 | €49,031 | €52,152 | €145,716 | €97,581 | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | €2,773 | -€5,423 | - | -€2,219 | - |
| Change in cash | - | -€30,119 | €5,640 | - | -€51,537 | - |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Equity above €500,000Eq €545,778 ▲12.2%
6 profitable years in a row build equity to €545,778.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-11
Financial
Highest result since 2018net €98,082 ▲581%
Operating result €148,389, net result €98,082, both a record.
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10,220 ▼69.6%
Net result drops to €10,220, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · full 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, Braine-l'Alleud · 1 establishment unit since 2008
Ground area
442 m²
Building footprint
114 m²
Volume, LiDAR
914 m³
Parcel 25744D0260/00E000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MT CONSTRUCT
since 20082.170.485.658
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0260/00E000 | Wallonia | 442 m² | 1 · 114 m² | 10.3 m · 3 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.
Similar companies · same sector, comparable size
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ARCHITECTEN - EN INGENIEURSBURO OSQB
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Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. 1,776 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
Founded21-03-2008
Fiscal year end30-11
Activities, NACEBEL 2025
74201Photography, excluding press photography
41001General construction of residential buildings
43240Other construction installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896836264
Also
9925:BE0896836264
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.