MT TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of MT TECHNICS is 3.3% (moderate). The 2024 annual accounts show equity of €21k and a net result of €-346. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 27% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-2
Solvency51▼-3
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.32 against 3.74 in 2023; short-term debt: 39.3% and cash: 6.6% of total assets), but 74.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.9%
Return on assets
-0.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
21 d early
2022
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€21k▼ 1.6%
2023 · €21k
2022: €21k
2023: €21k▲ +0.2% vs 2022highest in 3 years
2024: €21k▼ -1.6% vs 2023lowest in 3 years
2022 → 2024
Total assets
€80k▲ 10.8%
2023 · €72k
2022: €45klowest in 3 years
2023: €72k▲ +58.8% vs 2022
2024: €80k▲ +10.8% vs 2023highest in 3 years
2022 → 2024
Net result
€-346
2023 · €33
2022: €16khighest in 3 years
2023: €33▼ -99.8% vs 2022
2024: €-346▼ -1152% vs 2023lowest in 3 years
2022 → 2024
Working capital
€41k▼ 13.1%
2023 · €48k
2022: €26klowest in 3 years
2023: €48k▲ +84.8% vs 2022highest in 3 years
2024: €41k▼ -13.1% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€21k▲ 0.2%€21k▼ 1.6%
2022: €21k
2023: €21k▲ +0.2% vs 2022highest in 3 years
2024: €21k▼ -1.6% vs 2023lowest in 3 years
Operating result€20k-€3k▼ 87.0%€9k▲ 230%
2022: €20khighest in 3 years
2023: €3k▼ -87.0% vs 2022lowest in 3 years
2024: €9k▲ +230% vs 2023
Net result€16k-€33▼ 99.8%€-346
2022: €16khighest in 3 years
2023: €33▼ -99.8% vs 2022
2024: €-346▼ -1152% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 230% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80k
Fixed assets
€7k ▲ 1.0%
Current assets
€73k ▲ 11.9%
Equity and liabilities €80k
Equity
€21k ▼ 1.6%
Debt
€59k ▲ 16.0%
Debt's share of the balance-sheet total rises from 70.8% to 74.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▲
2023 · €4k
Cash flow
€1k▼
2023 · €1k
Current ratio
2.32▼
2023 · 3.74
Quick ratio
1.68▼
2023 · 2.11
Debt to equity
2.86▲
2023 · 2.43
ROE
-1.7%▼
2023 · 0.2%
ROA
-0.4%▼
2023 · 0.0%
Interest coverage
1.19▼
2023 · 1.36
Debt ≤ 1 year
€31k▲
2023 · €17k
Debt > 1 year
€28k▼
2023 · €33k
Income taxes
€616▲
2023 · €454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€72k€80k▲
Fixed assets21/28€7k€7k▲
Tangible fixed assets22/27€7k€6k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€250€1k▲
Current assets29/58€65k€73k▲
Stocks and contracts in progress3€28k€20k▼
Stocks30/36€28k€20k▼
Amounts receivable within one year40/41€29k€45k▲
Trade receivables40€16k€41k▲
Other amounts receivable41€12k€3k▼
Cash at bank and in hand54/58€5k€5k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€72k€80k▲
Equity10/15€21k€21k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€16k€16k▼
Amounts payable17/49€51k€59k▲
Amounts payable after more than one year17€33k€28k▼
Financial debts170/4€33k€28k▼
Amounts payable within one year42/48€17k€31k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€7k€12k▲
Suppliers440/4€7k€12k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48-€9k
Accrued charges and deferred income492/3€568€51▼
Income statement
Code20232024
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€571€747▲
Gross operating margin9900€4k€11k▲
Operating profit (loss)9901€3k€9k▲
Financial income75/76B€684€59▼
Recurring financial income75€684€59▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€487€270▼
Income taxes67/77€454€616▲
Profit (loss) for the period9904€33€-346▼
Profit (loss) for the period to be appropriated9905€33€-346▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€16k▼
Profit (loss) brought forward from the previous period14P€16k€16k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €776 | €1k | €1k | ▲ 17.5% |
| Other operating charges640/8 | €1k | €571 | €747 | ▲ 30.7% |
| Gross operating margin9900 | €22k | €4k | €11k | ▲ 146% |
| Operating profit (loss)9901 | €20k | €3k | €9k | ▲ 230% |
| Financial income75/76B | €368 | €684 | €59 | ▼ 91.3% |
| Recurring financial income75 | €368 | €684 | €59 | ▼ 91.3% |
| Financial charges65/66B | €589 | €3k | €8k | ▲ 199% |
| Recurring financial charges65 | €589 | €3k | €8k | ▲ 199% |
| Profit (loss) for the period before taxes9903 | €20k | €487 | €270 | ▼ 44.6% |
| Income taxes67/77 | €4k | €454 | €616 | ▲ 35.5% |
| Profit (loss) for the period9904 | €16k | €33 | €-346 | ▼ 1,152% |
| Profit (loss) for the period to be appropriated9905 | €16k | €33 | €-346 | ▼ 1,152% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45k | €72k | €80k | ▲ 10.8% |
| Fixed assets21/28 | €7k | €7k | €7k | ▲ 1.0% |
| Tangible fixed assets22/27 | €7k | €7k | €6k | ▼ 12.7% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | ▼ 5.6% |
| Furniture and vehicles24 | €1k | €2k | €1k | ▼ 23.3% |
| Other tangible fixed assets26 | €3k | €3k | €3k | ▼ 11.9% |
| Financial fixed assets28 | - | €250 | €1k | ▲ 368% |
| Current assets29/58 | €38k | €65k | €73k | ▲ 11.9% |
| Stocks and contracts in progress3 | €20k | €28k | €20k | ▼ 29.4% |
| Stocks30/36 | €20k | €28k | €20k | ▼ 29.4% |
| Amounts receivable within one year40/41 | €9k | €29k | €45k | ▲ 55.7% |
| Trade receivables40 | - | €16k | €41k | ▲ 151% |
| Other amounts receivable41 | €9k | €12k | €3k | ▼ 73.1% |
| Cash at bank and in hand54/58 | €8k | €5k | €5k | ▲ 11.3% |
| Deferred charges and accrued income490/1 | €1k | €3k | €3k | ▼ 14.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45k | €72k | €80k | ▲ 10.8% |
| Equity10/15 | €21k | €21k | €21k | ▼ 1.6% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €16k | €16k | €16k | ▼ 2.2% |
| Amounts payable17/49 | €24k | €51k | €59k | ▲ 16.0% |
| Amounts payable after more than one year17 | €12k | €33k | €28k | ▼ 16.0% |
| Financial debts170/4 | €12k | €33k | €28k | ▼ 16.0% |
| Amounts payable within one year42/48 | €13k | €17k | €31k | ▲ 80.3% |
| Current portion of amounts payable after more than one year42 | €3k | €5k | €5k | ▲ 5.1% |
| Trade debts44 | €3k | €7k | €12k | ▲ 83.4% |
| Suppliers440/4 | €3k | €7k | €12k | ▲ 83.4% |
| Taxes, remuneration and social security45 | €7k | €6k | €4k | ▼ 25.1% |
| Taxes450/3 | €7k | €4k | €4k | ▲ 17.4% |
| Remuneration and social security454/9 | - | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €9k | - |
| Accrued charges and deferred income492/3 | - | €568 | €51 | ▼ 91.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €33 | €-346 | ▼ 1,152% |
| + Depreciation and write-downs630 | €776 | €1k | €1k | ▲ 17.5% |
| Operating cash flow (approximation) | €17k | €1k | €1k | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | ▼ 9.2% |
| Change in cash | - | €-3k | €536 | ▲ 117% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-346
Net result drops to €-346, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lanaken · 1 establishment unit since 2021
Ground area
598 m²
Building footprint
121 m²
Volume, LiDAR
478 m³
Parcel 73057A0381/00B002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MT Technics - Meneer Olifant
since 20212.317.630.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73057A0381/00B002 | Flanders | 598 m² | 1 · 121 m² | 7.9 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 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,549 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
Founded28-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.