Turnover
≈ €230,000 estimated
The micro format states no turnover.
MT-Rex
Overview
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 497,448 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.
Credit check for an amount and term of your choice
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.
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
- €60,017▲ 146%
- €44,415▲ 237%
- €59,591▲ 293%
- €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.
Financials
Annual accounts 2025
micro format, filed on 19-05-2026, 73 days before the deadline€60,017
▲ 146%
€58,696
▲ 172%
€44,415
▲ 237%
€57,266
▲ 379%
72.8%
▲ 24.2 percentage points
3.57
▲ 1.82
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 ≈ €230,000. Estimated: probably between €140,000 and €370,000.
Balance sheet
balance sheet total €81,901 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
72.8%
Higher than 78% of 35,136 companies in 2025.
3.57
Higher than 76% of 34,510 companies in 2025.
54.2%
Higher than 95% of 34,711 companies in 2025.
MT-Rex
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
81,901 | 31,243 | |
21/28 |
2,326 | 3,228 | |
22/27 |
2,326 | 3,228 | |
24 |
2,326 | 3,228 | |
29/58 |
79,575 | 28,015 | |
40/41 |
57,156 | 24,992 | |
40 |
26,156 | 15,199 | |
41 |
31,000 | 9,793 | |
54/58 |
22,419 | 3,023 | |
| Balance sheet: equity and liabilities | |||
10/49 |
81,901 | 31,243 | |
10/15 |
59,591 | 15,176 | |
10/11 |
2,000 | 2,000 | |
13 |
57,591 | 13,176 | |
133 |
57,591 | 13,176 | |
17/49 |
22,310 | 16,066 | |
42/48 |
22,310 | 16,066 | |
44 |
3,291 | 6,439 | |
440/4 |
3,291 | 6,439 | |
45 |
13,884 | 9,627 | |
450/3 |
13,884 | 9,627 | |
47/48 |
5,134 | - | |
| Income statement | |||
9900 |
60,017 | 24,389 | |
630 |
902 | 1,033 | |
640/8 |
419 | 1,182 | |
66A |
- | 561 | |
9901 |
58,696 | 21,612 | |
75/76B |
313 | 271 | |
75 |
313 | 271 | |
65/66B |
2,443 | 4,408 | |
65 |
2,443 | 4,408 | |
9903 |
56,565 | 17,476 | |
67/77 |
12,150 | 4,300 | |
9904 |
44,415 | 13,176 | |
9905 |
44,415 | 13,176 | |
| Appropriation of the result | |||
9906 |
44,415 | 13,176 | |
691/2 |
44,415 | 13,176 | |
6921 |
44,415 | 13,176 | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €821 awarded, €821 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €108 | €108 |
| 2024 | 1 | €713 | €713 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 59,598 | 22,645 | ||
| 45,317 | 14,209 | ||
| 0 | 4,261 | ||
| 19,396 | - | ||
| 57,266 | 11,948 | ||
| 72.8% | 48.6% | ||
| 3.57 | 1.74 | ||
| 0.37 | 1.06 | ||
| 74.5% | 86.8% | ||
| 54.2% | 42.2% | ||
| 24.39 | 5.14 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €4,261 |
| €902 | €1,033 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MT-Rex
The operating result for 2025 is 172% higher than in 2024.
Debt's share of the balance-sheet total falls from 51.4% to 27.2%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 11-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 19-05-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 11-07-2023
Mandates through the years
1 name, the dashed line is todayMile TIELENS
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Mile TIELENS
- Director (not named in the articles), appointed by deed of 11-07-2023, still in office
Control
Capital
- Contribution
- €2,000
- Shares
- 20
- Contribution per share
- €100
- Equity per share
- €2,980 in 2025
- Source
- deed of 11-07-2023
Articles of association
deed of 11-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of June at 18:00
Founder
At incorporation
deed of 11-07-2023 ↗
- TIELENS Mile sole founder · 100% at incorporation
Network & group
No group
MT-Rex has no parent and no holdings in its annual accounts. Mile TIELENS is the only director. MT-Rex shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
9 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered office moved within LommelNew registered office: Roerdompstraat 14, 3920 Lommel · Previous registered office: Koningin Astridlaan 3/1, 3920 Lommel · General meeting of 24-08-20262 points ▸
- General meeting, 24-08-2026
- Registered-office move, Roerdompstraat 14, 3920 Lommel
Annual accounts 2025 filed PDFmicro format · 73 days before the deadline
2025
Liquidity doubles current ratio 3.57 The current ratio rises from 1.74 to 3.57.
Registered office moved from Balen to LommelNew registered office: Koningin Astridlaan 3 bus 1, 3920 Lommel · Previous registered office: Molenstraat 143, 2490 Balen · General meeting of 21-10-20252 points ▸
- General meeting, 21-10-2025
- Registered-office move, Koningin Astridlaan 3 bus 1, 3920 Lommel
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803720719
Registered office moved from Mol to BalenNew registered office: Molenstraat 143, 2490 Balen · Previous registered office: Gompelbaan 73, 2400 Mol · Board meeting of 03-06-20242 points ▸
- Board meeting, 03-06-2024
- Registered-office move, Molenstraat 143, 2490 Balen
2023
IncorporationFounding capital of €2,000, 20 shares · Founder: TIELENS Mile · Appointment: TIELENS Mile (director) · published on 11-07-20235 points ▸
- Founder, TIELENS Mile
- Founding capital, €2,000, 20 shares
- Board rule, 1
- Director appointment, TIELENS Mile (director (not named in the articles))
- Permanent representative, TIELENS Mile
- The deed holds 2 more points.
First establishment Roerdompstraat 14, Lommel
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0803.720.719
- VAT number
- BE 0803.720.719
- Peppol ID
- 0208:0803720719
- Other Peppol ID
- 9925:BE0803720719
- LEI code
- 64887FZ2B4C72E8KD872 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of June at 18:00deed of 11-07-2023 (in Dutch)
- Peppol
- Reachable since 06-11-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MT-Rex in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”“Gompelbaan 73, 2400 Mol”deed of 11-07-2023 (in Dutch)
Activities
NACEBEL 202543211
General electrical installation work main activity
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
47410
Retail trade
62020
IT consultancy
71121
Engineering activities
95110
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het ontwikkelen van websites en marketingcampagnes; Grafisch ontwerp; Drukwerk; Algemene ICT werken; Bedenken en verkopen van…”deed of 11-07-2023 (in Dutch)
21 activities
- Het ontwikkelen van websites en marketingcampagnes
- Grafisch ontwerp
- Drukwerk
- Algemene ICT werken
- Bedenken en verkopen van internetconcepten
- Verkoop van producten via internet en alle daarmee verband houdende handelingen
- Het verstrekken van adviezen en consulting aangaande voorgaande zaken
- Verkoop van hard- en software
- Het verlenen van adviezen,diensten of bijstand inzake management of van financiële,technische,commerciële of administratieve aard,in de ruimste zin
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht
- Het verschaffen van informatie aan de bedrijfsleiding,enzovoort
- Het onderzoek naar de omvang van de markt voor bepaalde producten,de ontvangsten en de bekendheid van producten en koopgewoonten,met het oog op de verkoopbevordering en de ontwikkeling van nieuwe producten
- Adviesbureaus op het gebied van public relations en communicatie,bedrijfsbeheer,adviesbureaus op het gebied van bedrijfsvoering
- Het verlenen van adviezen en diensten en het uitvoeren van opdrachten onder de vorm van projecten,studies,expertises,consulting,technische of andere raadgevingen onder meer op het vlak van ICT,management
- Het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie efficiëntie,het deelnemen aan en het organiseren van beurzen,workshops en evenementen inzake voormeld voorwerp
- Het geven van opleidingen inzake voormeld voorwerp
- Het uitvoeren van allerlei klussen,elektriciteitswerken,algemene renovatie werken
- Het installeren en onderhouden van domotica
- Elektronica reparaties (herstellen van gsm,laptop,… ) van particulieren
- Technische medewerker,laden en lossen,technische dienst
- Uitbaten van vending machines (frisdrank,snack,brood automaten,…),koffiezaak
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Roerdompstraat 14 registered office 3920 Lommel | 07-07-2023 | 2.347.186.105 |
2 former offices
- Molenstraat 143, 2490 Balen until 15-10-2025 · deed of 19-11-2025
- 2400 Mol until 22-05-2024 · deed of 23-07-2024
Buildings and parcels at the address
- Ground area
- 638 m²
- Buildings
- 147 m²
- Volume, LiDAR
- 418 m³
- Tallest building
- 4.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72020C1156/00D000 | 638 m² | 1 · 147 m² | 4.1 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.720.719