MT-TECH
ActiveSummary
MT-TECH has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €3k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 993 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▼-2
Solvency34▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.3%
Return on assets
17.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 993 sector peers (2024).
NBB · sector comparisonPosition among 993 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
1 d late
2022
23 d early
2021
6 d early
2020
33 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€2k
2023 · €-2k
Total assets
€18k▲ 14.4%
2023 · €16k
Net result
€3k▼ 2.0%
2023 · €3k
Working capital
€1k
2023 · €-2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6k▼ 33.8%€2k▼ 72.2%€4k▲ 144%€5k▲ 11.8%€6k▲ 31.3%
Net result€6k▼ 31.0%€1k▼ 76.2%€3k▲ 137%€3k▼ 2.8%€3k▼ 2.0%
Equity€-10k▲ 38.4%€-8k▲ 14.8%€-5k▲ 41.3%€-2k▲ 68.3%€2k
Total assets€10k▲ 6.4%€13k▲ 20.7%€16k▲ 25.0%€16k▲ 1.9%€18k▲ 14.4%
Debt€20k▼ 21.2%€21k▲ 3.6%€21k▼ 1.1%€18k▼ 14.5%€17k▼ 5.2%
Working capital€-10k▲ 38.4%€-10k▲ 1.1%€-6k▲ 38.5%€-2k▲ 60.9%€1k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€486 ▼ 36.4%
Current assets
€18k ▲ 17.0%
Equity and liabilities €18k
Equity
€2k
Debt
€17k
Debt finances 90.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€7k▲
2023 · €5k
Cash flow
€3k▼
2023 · €4k
Current ratio
1.07▲
2023 · 0.87
Quick ratio
0.75▲
2023 · 0.57
Debt to equity
9.81▲
2023 · -11.51
ROE
189.9%
ROA
17.6%▼
2023 · 20.5%
Interest coverage
7.40▲
2023 · 5.85
Debt ≤ 1 year
€17k▼
2023 · €18k
Income taxes
€2k▲
2023 · €971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €70 | €278 | €278 | €278 | = |
| Other operating charges640/8 | - | €751 | €803 | €986 | €663 | ▼ 32.8% |
| Gross operating margin9900 | €8k | €3k | €5k | €6k | €7k | ▲ 19.4% |
| Operating profit (loss)9901 | €6k | €2k | €4k | €5k | €6k | ▲ 31.3% |
| Financial income75/76B | - | €21 | €1 | €327 | - | - |
| Recurring financial income75 | €0 | €21 | €1 | €327 | - | - |
| Financial charges65/66B | - | €352 | €911 | €869 | €889 | ▲ 2.3% |
| Recurring financial charges65 | €317 | €352 | €911 | €869 | €889 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €6k | €1k | €3k | €4k | €5k | ▲ 27.1% |
| Income taxes67/77 | - | - | - | €971 | €2k | ▲ 126% |
| Profit (loss) for the period9904 | €6k | €1k | €3k | €3k | €3k | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €6k | €1k | €3k | €3k | €3k | ▼ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10k | €13k | €16k | €16k | €18k | ▲ 14.4% |
| Fixed assets21/28 | - | €1k | €1k | €764 | €486 | ▼ 36.4% |
| Tangible fixed assets22/27 | - | €1k | €1k | €764 | €486 | ▼ 36.4% |
| Plant, machinery and equipment23 | - | €1k | €1k | €764 | €486 | ▼ 36.4% |
| Current assets29/58 | €10k | €11k | €15k | €15k | €18k | ▲ 17.0% |
| Stocks and contracts in progress3 | €6k | €5k | €5k | €5k | €5k | = |
| Stocks30/36 | - | €5k | €5k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €4k | €871 | €3k | €3k | €3k | ▲ 24.2% |
| Trade receivables40 | - | €871 | €3k | €3k | €3k | ▲ 24.2% |
| Other amounts receivable41 | - | - | €3 | - | - | - |
| Cash at bank and in hand54/58 | - | €5k | €7k | €7k | €9k | ▲ 27.1% |
| Deferred charges and accrued income490/1 | - | - | €44 | €29 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10k | €13k | €16k | €16k | €18k | ▲ 14.4% |
| Equity10/15 | €-10k | €-8k | €-5k | €-2k | €2k | ▲ 211% |
| Contributions10/11 | - | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-17k | €-15k | €-12k | €-8k | €-5k | ▲ 38.2% |
| Amounts payable17/49 | €20k | €21k | €21k | €18k | €17k | ▼ 5.2% |
| Amounts payable within one year42/48 | €20k | €21k | €21k | €18k | €17k | ▼ 5.2% |
| Trade debts44 | €413 | €619 | €1k | €1k | €895 | ▼ 17.0% |
| Suppliers440/4 | - | €619 | €1k | €1k | €895 | ▼ 17.0% |
| Taxes, remuneration and social security45 | - | €192 | €2k | €2k | €4k | ▲ 103% |
| Taxes450/3 | - | €192 | €2k | €859 | €4k | ▲ 333% |
| Remuneration and social security454/9 | - | - | - | €971 | - | - |
| Other amounts payable47/48 | - | €20k | €18k | €15k | €12k | ▼ 17.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €1k | €3k | €3k | €3k | ▼ 2.0% |
| + Depreciation and write-downs630 | - | €70 | €278 | €278 | €278 | = |
| Operating cash flow (approximation) | €6k | €1k | €4k | €4k | €3k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | €2k | €549 | €2k | ▲ 260% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Temse · 1 establishment unit since 2018
Ground area
889 m²
Building footprint
119 m²
Volume, LiDAR
623 m³
Parcel 46302D1270/00L000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MT-Tech
since 20182.271.860.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1270/00L000 | Flanders | 889 m² | 1 · 118 m² | 8.8 m · 2 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.
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Of 846 companies in sector 95319 we hold annual accounts for 251. 45 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
Founded23-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
95319Other maintenance and repair of motor vehicles
43110Demolition
43341Painting of buildings
43990Other specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46900Non-specialised wholesale trade
47242Retail sale of chocolate and confectionery
47554Retail trade
47789Other retail sale of new goods
73110Advertising agencies
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.