MT TECHNICS

Active

Private limited companyfounded 20215 yrs activeHexheuvelstraat 11, 3620 Lanaken, BelgiumKBO/BCE: BE 0768.833.777

Summary

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.

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Checked score

Score 2024

39 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

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.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

25.9%

Return on assets

-0.4%

Age of the figures

21 mo

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 filings

Deviation 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)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€21k▼ 1.6%

2023 · €21k

2022: €21k 2023: €21k

2022 → 2024

Total assets

€80k▲ 10.8%

2023 · €72k

2022: €45k 2023: €72k

2022 → 2024

Net result

€-346

2023 · €33

2022: €16k 2023: €33

2022 → 2024

Working capital

€41k▼ 13.1%

2023 · €48k

2022: €26k 2023: €48k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€21k-€21k▲ 0.2%€21k▼ 1.6%

Operating result€20k-€3k▼ 87.0%€9k▲ 230%

Net result€16k-€33▼ 99.8%€-346

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

91.2%

Fixed assets €7k ▲ 1.0%

Current assets €73k ▲ 11.9%

Equity and liabilities €80k

25.9%

74.1%

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

2024 value · change against 2023

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.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-346 ▼1152%

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.

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

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hexheuvelstraat 113620 Lanaken

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.

1 establishment unit

MT Technics - Meneer Olifant

Hexheuvelstraat 11, 3620 LanakenWholesale trade

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

Methodology

via registered seat: 1

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

Koen Hoebrechts

BE 1017.175.850

Sint-Truiden · Eq €20,642

Maasmechelen · Eq €20,675

Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,550 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

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

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.