MT WOOD
ActiveThe computed 12-month bankruptcy probability of MT WOOD is 4.6% (elevated). The 2024 annual accounts show negative equity (€-14k) and a net result of €-3k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 167 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
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-7
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.0 in 2023; short-term debt: 197.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+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
-97.9%
Return on assets
-23.7%
Age of the figures
21 mo
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 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
56 d early
2022
39 d early
2021
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▼ 46.5%
2023 · €-2k
2021: €-11k
2022: €-5k
2023: €-2k
2021 → 2024
Working capital
€-28k▼ 55.1%
2023 · €-18k
2021: €-8k
2022: €-16k
2023: €-18k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-6k-€-11k▼ 95.1%€-13k▼ 21.6%€-14k▼ 7.8%
Operating result€-9k-€-4k▲ 51.3%€-2k▲ 63.8%€-3k▼ 121%
Net result€-11k-€-5k▲ 50.0%€-2k▲ 55.6%€-3k▼ 46.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €2k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15k
Fixed assets
€14k▼ 41.2%
Current assets
€231▲ 164%
Key figures and ratios
EBITDA
€7k▼
2023 · €8k
Cash flow
€7k▼
2023 · €8k
Solvency
-97.9%▼
2023 · -54.0%
Current ratio
0.01▲
2023 · 0.00
Quick ratio
0.01▲
2023 · 0.00
Debt / equity
-2.02▲
2023 · -2.85
ROA
-23.7%▼
2023 · -9.6%
Interest coverage
10.81▲
2023 · 10.66
Debt
€29k▼
2023 · €38k
Debt ≤ 1 year
€29k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€24k€15k▼
Fixed assets21/28€24k€14k▼
Tangible fixed assets22/27€24k€14k▼
Plant, machinery and equipment23€24k€14k▼
Current assets29/58€88€231▲
Amounts receivable within one year40/41€88€231▲
Other amounts receivable41€88€231▲
Equity and liabilities
Total equity and liabilities10/49€24k€15k▼
Equity10/15€-13k€-14k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-18k€-22k▼
Investment grants15-€2k
Amounts payable17/49€38k€29k▼
Amounts payable after more than one year17€17k-
Financial debts170/4€17k-
Amounts payable within one year42/48€18k€29k▲
Current portion of amounts payable after more than one year42€12k-
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€1k-
Suppliers440/4€1k-
Other amounts payable47/48€5k€7k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Gross operating margin9900€8k€7k▼
Operating profit (loss)9901€-2k€-3k▼
Financial income75/76B-€602
Recurring financial income75-€602
Financial charges65/66B€795€611▼
Recurring financial charges65€795€611▼
Profit (loss) for the period before taxes9903€-2k€-3k▼
Profit (loss) for the period9904€-2k€-3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-22k▼
Profit (loss) brought forward from the previous period14P€-16k€-18k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Blégny · 2 establishment units since 2021
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.
Rue Trou-du-Loup 424670 BlégnyGround area
1,278 m²
Building footprint
250 m²
Volume, LiDAR
1,407 m³
2 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MT WOOD
since 20212.316.961.004
MT WOOD - Atelier
since 20212.324.340.031
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62103B0456/00P000 | Wallonia | 906 m² | 1 · 108 m² | 7.2 m · 2 fl. |
| 62095B0612/00D003 | Wallonia | 371 m² | 1 · 141 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 1,599 companies in sector 16230 we hold annual accounts for 783.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2021
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.