MT@WORK
ActiveMT@WORK has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-42k) and a net result of €37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+82
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.01 against 0.95 in 2024; short-term debt: 95.2% and cash: 18% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
-39.1%
Return on assets
35.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 10252 sector peers (2025).
NBB · sector comparisonPosition among 10252 sector peers
Solvency
better than 7%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
7 d early
2022
17 d early
2021
5 d early
2020
38 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-42k▲ 47.4%
2024 · €-79k
2018: €73k
2019: €124k
2020: €177k
2021: €191k
2022: €125k
2023: €75k
2024: €-79k
2018 → 2025
Total assets
€106k▼ 32.4%
2024 · €157k
2018: €295k
2019: €329k
2020: €446k
2021: €515k
2022: €458k
2023: €400k
2024: €157k
2018 → 2025
Net result
€37k
2024 · €-154k
2018: €18k
2019: €42k
2020: €57k
2021: €14k
2022: €-46k
2023: €-31k
2024: €-154k
2018 → 2025
Working capital
€968
2024 · €-7k
2018: €-28k
2019: €118k
2020: €186k
2021: €263k
2022: €175k
2023: €184k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€125k▼ 34.5%€75k▼ 39.9%€-79k€-42k▲ 47.4%
Operating result€44k-€-26k€-10k▲ 60.4%€-97k▼ 858%€49k
Net result€14k-€-46k€-31k▲ 32.6%€-154k▼ 401%€37k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €49k after a loss of €97k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€4k▼ 84.2%
Current assets
€102k▼ 22.0%
Key figures and ratios
EBITDA
€50k▲
2024 · €-92k
Cash flow
€38k▲
2024 · €-149k
Solvency
-39.1%▲
2024 · -50.2%
Current ratio
1.01▲
2024 · 0.95
Quick ratio
0.76▲
2024 · 0.39
Debt / equity
-3.56▼
2024 · -2.99
ROA
35.3%▲
2024 · -97.9%
Interest coverage
3.90▲
2024 · -1.60
Debt
€148k▼
2024 · €236k
Debt ≤ 1 year
€101k▼
2024 · €138k
Debt > 1 year
€41k▼
2024 · €93k
Income taxes
€199▼
2024 · €200
Staff costs
€20k▼
2024 · €62k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€157k€106k▼
Fixed assets21/28€26k€4k▼
Tangible fixed assets22/27€20k€1k▼
Furniture and vehicles24€41-
Other tangible fixed assets26€20k€1k▼
Financial fixed assets28€6k€3k▼
Current assets29/58€131k€102k▼
Stocks and contracts in progress3€77k€25k▼
Stocks30/36€77k€25k▼
Amounts receivable within one year40/41-€581
Trade receivables40-€581
Current investments50/53€49k€57k▲
Cash at bank and in hand54/58€5k€19k▲
Deferred charges and accrued income490/1€250-
Equity and liabilities
Total equity and liabilities10/49€157k€106k▼
Equity10/15€-79k€-42k▲
Contributions10/11€20k€20k=
Reserves13€123k€123k=
Distributable reserves133€123k€123k=
Profit (loss) carried forward14€-222k€-185k▲
Amounts payable17/49€236k€148k▼
Amounts payable after more than one year17€93k€41k▼
Financial debts170/4€93k€41k▼
Amounts payable within one year42/48€138k€101k▼
Current portion of amounts payable after more than one year42€53k€52k▼
Financial debts43€40k-
Credit institutions430/8€40k-
Trade debts44€7k€16k▲
Suppliers440/4€7k€16k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9-€555
Other amounts payable47/48€33k€31k▼
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€62k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€176▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€71k€-52k▼
Other operating charges640/8€838€855▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€42k€38k▼
Operating profit (loss)9901€-97k€49k▲
Financial income75/76B€615€937▲
Recurring financial income75€615€937▲
Financial charges65/66B€58k€13k▼
Recurring financial charges65€58k€13k▼
Profit (loss) for the period before taxes9903€-154k€38k▲
Income taxes67/77€200€199▼
Profit (loss) for the period9904€-154k€37k▲
Profit (loss) for the period to be appropriated9905€-154k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-222k€-185k▲
Profit (loss) brought forward from the previous period14P€-68k€-222k▼
Social balance
Average headcount (FTE)90871.30.6▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-154k
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €57k ▲35.6%
Operating result €83k, net result €57k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲42%
3 profitable years in a row build equity to €177k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 2.17
Current ratio from 0.83 to 2.17; short-term debt falls from €162k to €101k.
31-12
Financial
Equity above €100kEq €124k ▲69.6%
2 profitable years in a row build equity to €124k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Sint-Pieters-Leeuw · 2 establishment units since 2015
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.
Zeypestraat 31602 Sint-Pieters-LeeuwGround area
1,004 m²
Building footprint
290 m²
Volume, LiDAR
5,736 m³
2 parcels, Brussels, Flanders · tallest building 31.4 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
MT@WORK
since 20152.243.615.146
Léon Lepagestraat 10, 1000 Brussel
since 20202.298.308.102
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23089D0099/00B000 | Flanders | 819 m² | 1 · 105 m² | 8.9 m · 2 fl. |
| 21811M0626/00V000 | Brussels | 184 m² | 1 · 184 m² | 31.4 m · 10 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.
Similar companies · same sector, comparable size
VEGRID
BE 0875.883.967
Geel · Eq €75k
KOHNEN SCHUHHAUS
BE 0434.680.061
Sankt Vith · Eq €75k
EL QODS
BE 0474.718.196
Sint-Jans-Molenbeek · Eq €76k
SCHOENEN JULIEN
BE 0424.183.275
Kortrijk · Eq €76k
SOLHEID CHAUSSURES
BE 0459.581.941
Malmedy · Eq €73k
Of 1,035 companies in sector 47721 we hold annual accounts for 583. 453 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2015
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47721Retail sale of footwear
47910Retail trade
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.