Turnover
≈ €230,000 estimated
The micro format states no turnover.
MT-Rex
Lifetime
2 annual accounts with figures on one time axispeak €60,017 (2025)
€60,017▲ 146%
peak €44,415 (2025)
€44,415▲ 237%
peak €59,591 (2025)
€59,591▲ 293%
€22,310▲ 38.9%
Board1 name since 2023
1 directorMile TIELENS
Documentsfilings and deeds
19-05-202673 days before the deadline
2025micro format
Gross margin from €24,389 to €60,017Result from €13,176 to €44,415Registered office moved from Balen to Lommel 19-11Equity from €15,176 to €59,591Debts from €16,066 to €22,310Cash from €3,023 to €22,419
Key points
from the 2025 annual accountsLiquidity
3.57 was 1.74 in 2024
Short-term debts rose from €16,066 to €22,310.
Position in the sector
€44,415
Higher net result than 84% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
52
Fair
Financially stronger than 85% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.0%
01-2025: 5.0%● unchanged vs 12-2024
02-2025: 5.2%▲ +0.2 percentage points vs 01-2025
03-2025: 5.3%▲ +0.1 percentage points vs 02-2025
04-2025: 5.1%▼ -0.2 percentage points vs 03-2025
05-2025: 5.2%▲ +0.1 percentage points vs 04-2025
06-2025: 5.5%▲ +0.3 percentage points vs 05-2025
07-2025: 2.4%▼ -3.1 percentage points vs 06-2025
08-2025: 2.4%● unchanged vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 6.6%▲ +4.2 percentage points vs 11-2025
01-2026: 6.6%● unchanged vs 12-2025
02-2026: 6.3%▼ -0.3 percentage points vs 01-2026
03-2026: 6.3%● unchanged vs 02-2026
04-2026: 6.8%▲ +0.5 percentage points vs 03-2026
05-2026: 7.0%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 3.8%▼ -3.2 percentage points vs 05-2026
07-2026: 3.8%● unchanged vs 06-2026
08-2026: 1.1%▼ -2.7 percentage points vs 07-2026lowest value
09-2026: 3.8%▲ +2.7 percentage points vs 08-2026
10-2026: 3.8%● unchanged vs 09-2026
11-2026: 3.8%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Founded in 2023
Size: total assets €81,901
lowers risk
Liquidity: current ratio 3.57, cash €22,419
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 43, micro). It does better than 79% of them on solvency, 72% on liquidity, 92% on profitability and 97% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as MT-Rex has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MT-Rex itself is higher: 3.8% within 12 months. It rests on far more data about MT-Rex than the profile alone.
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 39,278 companies, not a prediction for MT-Rex. 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
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.57 (1.74 in 2024), above the usual 1.5. Short-term debt is 27.2% and cash 27.4% of total assets. 27.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
73 days early
2024
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 52 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Lommel
New registered office: Roerdompstraat 14, 3920 Lommel · Previous registered office: Koningin Astridlaan 3/1, 3920 Lommel · General meeting of 24-08-2026 · Gazette deed
Registered office moved from Balen to Lommel
New registered office: Koningin Astridlaan 3 bus 1, 3920 Lommel · Previous registered office: Molenstraat 143, 2490 Balen · General meeting of 21-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803720719
Registered office moved from Mol to Balen
New registered office: Molenstraat 143, 2490 Balen · Previous registered office: Gompelbaan 73, 2400 Mol · Board meeting of 03-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MT-Rex Lommel | €81,901 | €60,017 | 72.8% | - |
| ROCA TECHNICS Maaseik | €86,524 | €55,152 | 58.4% | - |
| Kalkuz-Tech Leopoldsburg | €78,724 | €65,917 | 71.0% | - |
| ELEKTROTECHNIEK SWERTS Bilzen-Hoeselt | €83,788 | €67,433 | 77.2% | - |
| Sege Tech Beringen | €74,358 | €48,914 | 71.6% | - |
| LENSEN MATHIAS Heist-op-den-Berg | €82,260 | €56,276 | 65.8% | - |
| HMDL Group Zelzate | €81,945 | €58,029 | 44.3% | - |
These companies have the same main activity as MT-Rex: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €74,400 and €86,500, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-07-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Establishment unit
- 2.347.186.1053920 Lommel, since 07-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-11-2024
Annual accounts 2025
- €81,901▲ 162%
- Filing
- Filed on 19-05-2026, 73 days before the end of the filing period
Insights on MT-Rex
The computed 12-month bankruptcy probability of MT-Rex is 3.8% (moderate). The 2025 annual accounts show equity of €59,591 and a net result of €44,415.
Its solvency ranks better than 78% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MT-Rex
- What is the company number of MT-Rex?
- The company number of MT-Rex is 0803.720.719. The VAT number is the same number with BE in front: BE 0803.720.719.
- Where is MT-Rex based?
- The registered office is at Roerdompstraat 14, 3920 Lommel.Company details
- What does MT-Rex do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MT-Rex?
- MT-Rex is a private limited company (BV).
- When was MT-Rex founded?
- MT-Rex was founded on 07-07-2023.
- Is MT-Rex still active?
- Yes, MT-Rex is an active enterprise in the KBO register.
- What is the turnover of MT-Rex?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €60,017 and 40 comparable companies (NACE 43211). It probably lies between €140,000 and €370,000.Financials
- Is MT-Rex profitable?
- In financial year 2025, MT-Rex made a profit of €44,415.
- Where can I find the annual accounts of MT-Rex?
- MT-Rex filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MT-Rex due?
- MT-Rex must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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