MTALSA
ActiveSummary
MTALSA has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,790 and a net result of €6,757. Equity has been stable since 2018 (±2% per year). Its solvency ranks better than 92% of 5,897 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-09-2003 Normal situation
- Registered office
- 13 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Scheduled passenger transport by road NACE 49310and 4 others
- Establishment unit
- 2.203.019.161 1090 Jette, since 01-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 16-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- €40,172
- ▲ 498%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €6,757
- Equity
- €26,790
- ▲ 33.7%
- Total assets
- €30,686
- ▼ 27.1%
- Staff
- ≈ 0.8 FTE
- estimated
Score breakdownraises risk1 change of registered office in 24 monthsLiquiditeit niet neergelegdSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 2003Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 92% of them on solvency, 95% on liquidity, 85% on profitability and 75% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is a profit of €6,831, after a loss of €3,881 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 2 | - |
| part-time | 2 | - |
| in full-time equivalents | 1.1 | - |
| Average over the year, in full-time equivalents | 0.6 | 0.7 |
| On a permanent contract | 1 | - |
| Joined | - | 0 |
| Left | - | 2 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,428 | - | - | - |
| Depreciation and write-downs of the year | €4,571 | €4,105 | €686 | €686 | €686 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €4,029 | €13,034 | €1,561 | €9,911 | €32,655 | ▲ 229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,257 | €4,571 | €4,571 | €4,571 | €4,105 | €686 | €686 | €686 | = |
| Other operating charges640/8 | - | - | - | €348 | €348 | €959 | - | - | - |
| Gross operating margin9900 | €21,314 | €24,649 | €14,514 | €4,973 | €18,651 | €3,012 | €6,715 | €40,172 | ▲ 498% |
| Operating profit (loss)9901 | €1,213 | €361 | €2,060 | -€3,975 | €1,166 | -€194 | -€3,881 | €6,831 | - |
| Financial charges65/66B | - | - | - | €404 | €174 | €40 | €37 | €74 | ▲ 100% |
| Recurring financial charges65 | €838 | €748 | €567 | €404 | €174 | €40 | €37 | €74 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €376 | -€387 | €1,493 | -€4,379 | €992 | -€234 | -€3,919 | €6,757 | - |
| Profit (loss) for the period9904 | €376 | -€387 | €1,493 | -€4,379 | €992 | -€234 | -€3,919 | €6,757 | - |
| Profit (loss) for the period to be appropriated9905 | €376 | -€387 | €1,493 | -€4,379 | €992 | -€234 | -€3,919 | €6,757 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €45,411 | €49,766 | €44,376 | €45,076 | €38,351 | €38,245 | €42,084 | €30,686 | ▼ 27.1% |
| Fixed assets21/28 | €37,132 | €42,561 | €37,990 | €33,419 | €32,743 | €32,057 | €31,371 | €30,686 | ▼ 2.2% |
| Intangible fixed assets21 | €20,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Tangible fixed assets22/27 | €17,132 | €12,561 | €7,990 | €3,419 | €2,743 | €2,057 | €1,371 | €686 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | - | €2,743 | €2,057 | €1,371 | €686 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | - | €3,419 | - | - | - | - | - |
| Current assets29/58 | €8,280 | €7,205 | €6,386 | €11,657 | €5,608 | €6,188 | €10,713 | - | - |
| Amounts receivable within one year40/41 | €4,690 | €6,980 | €1,253 | €1,957 | €3,210 | €5,255 | €8,633 | - | - |
| Other amounts receivable41 | - | - | - | €1,957 | €3,210 | €5,255 | €8,633 | - | - |
| Cash at bank and in hand54/58 | €3,589 | €225 | €5,133 | €9,700 | €2,398 | €933 | €2,079 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €45,411 | €49,766 | €44,376 | €45,076 | €38,351 | €38,245 | €42,084 | €30,686 | ▼ 27.1% |
| Equity10/15 | €26,467 | €26,079 | €27,573 | €23,194 | €24,186 | €23,951 | €20,033 | €26,790 | ▲ 33.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,007 | €5,619 | €7,113 | €2,734 | €3,726 | €3,491 | -€427 | €6,330 | - |
| Amounts payable17/49 | €18,945 | €23,686 | €16,803 | €21,882 | €14,165 | €14,293 | €22,051 | €3,896 | ▼ 82.3% |
| Amounts payable after more than one year17 | €18,945 | €16,026 | €12,996 | €9,804 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €9,804 | - | - | - | - | - |
| Amounts payable within one year42/48 | - | €7,660 | €3,807 | €12,078 | €14,165 | €14,293 | €22,051 | €3,896 | ▼ 82.3% |
| Trade debts44 | - | - | €714 | €251 | €611 | €611 | €611 | - | - |
| Suppliers440/4 | - | - | - | €251 | €611 | €611 | €611 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,020 | - | - | - | €3,896 | - |
| Taxes450/3 | - | - | - | €97 | - | - | - | €3,896 | - |
| Remuneration and social security454/9 | - | - | - | €923 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €10,807 | €13,554 | €13,682 | €21,440 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €376 | -€387 | €1,493 | -€4,379 | €992 | -€234 | -€3,919 | €6,757 | - |
| + Depreciation and write-downs630 | €7,257 | €4,571 | €4,571 | €4,571 | €4,105 | €686 | €686 | €686 | = |
| Operating cash flow (approximation) | €7,633 | €4,184 | €6,064 | €192 | €5,097 | €451 | -€3,233 | €7,443 | - |
| Investment in fixed assets (approximation) | - | -€10,000 | €0 | €0 | -€3,428 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,365 | €4,909 | €4,566 | -€7,301 | -€1,466 | €1,147 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as MTALSA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MTALSA itself is higher: 1.3% within 12 months. It rests on far more data about MTALSA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for MTALSA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00375744 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00370077 | |
| 31-12-2023 | micro format | 09-08-2024 | 2024-00343288 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00339200 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20279940 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43500345 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500074 | |
| 31-12-2018 | micro format | 09-09-2019 | 2019-63700462 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49400269 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46700564 |
Board & ownership
Directors
Owners and capital
Shareholders
- OTHMAN Younes 186 shares
- OTHMAN Younes to BOURIMECH Alae 186 shares
Capital transactions
- 15-07-2025 Capital stated in the deed · 186 shares
- 26-04-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BOURIMECH Alae |
|
| OTHMAN Younes |
|
Articles of association
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Peuvent être souscrites par personnes auxquelles actions librement cédées conformément à la loi ou à l'article 9 ou par tiers moyennant…”
Articles of association, deed of 15-07-2025 (in French)
Network & group
MTALSA shares no director with another company.
Companies at the same address
12 other companies- Bourimech, Alae (sole trader) Establishment · since 2024 1005298102
- PRADA BELGIUM Establishment · since 2023 0643876793
- BC IMMO Registered office · since 2022 0792304809
- GreenBeTech Registered office · since 2018 0714935827
- Docteur Oléna Golub Registered office · since 2018 0690827763
- Belafkih, Reda (sole trader) Establishment · since 2016 0660989177
- CONCEPTO Registered office · since 2015 0632693485
- BATI PRO SERVICES Registered office · since 2015 0597637388
- MINCHQUICK Establishment · since 2014 0876429840
- Association des copropriétaires de la Résidence Galerie Louise II sise à Ixelles, Place Stéphanie 2 Registered office · since 1995 0808046919
Connections & network
1 current directorThe network starts from the directors of MTALSA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-07
Gazette deed
Amendment of the articlesRegistered office clause · Capital3 points ▸
- General meeting, “arrêter comme suit les statuts de la société” (deed in French)
- Registered office clause, “Stefaniaplein 2 b8,1050 Ioelles” (deed in French)
- Capital
15-07
Gazette deed
Registered office moved from Dilbeek to ElseneTransfer of 186 shares · New seat: 1050 Elsene, Stefaniaplein 2 bus 8 · Previous seat: 1700 Dilbeek, Zonlaan 1114 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in French)
- Registered-office move, 1050 Elsene, Stefaniaplein 2 bus 8
- Amendment of the articles
- Director resignation, OTHMAN Younes (director)
- Director discharge, OTHMAN Younes (director)
- Board rule, 1
- Director appointment, BOURIMECH Alae (director (not named in the articles))
- Other provision, “afsluiting algemene vergadering, eenparigheid van stemmen” (deed in French)
- OTHMAN Younes holds 186 shares
- Other provision, “exploitatie taxivoertuigen” (deed in French)
- Other provision, “overgang van eigendom en genot, vanaf heden” (deed in French)
- Other provision, “waarborgen door de overdrager” (deed in French)
- The act holds 2 more points.
26-04
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Reserve release9 points ▸
- Other provision, “Wetboek van vennootschappen en verenigingen, toepasselijkheid WVV en verplichte statutenwijziging” (deed in French)
- Legal-form conversion, “besloten vennootschap(afgekort BV)” (deed in French)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Reserve release, “volledig beschikbaar maken voor uitkering”, 20460 (deed in French)
- Amendment of the articles
- Capital
- Board composition, OTHMAN Younes (director)
- Other provision, “zetelverplaatsing definitief, deze akte vormt een geheel met akte houdende zetelverplaatsing zodat samen uitvoerbaar” (deed in French)
- Power of attorney, mentioned 2 times in the deed
29-01
Gazette deed
Registered office moved from Jette to DilbeekNew seat: 1700 Dilbeek, Zonlaan 11 · Previous seat: 1090 Jette, Rue Uyttenhove 37 Boîte 730 · Power of attorney3 points ▸
- General meeting, 11-01-2024
- Registered-office move, 1700 Dilbeek, Zonlaan 11
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- 1700 Dilbeek until the act of 15-07-2025
- 1090 Jette until the act of 29-01-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21009A0361/00R007 | Brussels | 434 m² | 1 · 346 m² | 25.9 m · 7 |