Active BE 0897.369.071Private limited company

MTB

Motstraat 94 ·3570 Alken, Belgium· 18 yrs active

Sector: Certified accountants and tax accountants (69201)

Conclusion Checked

MTB has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €57k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 12402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-3k
Net result	€57k
Better than sector	5%
Active	18 yrs

Financial profile 5 of 5 axes measured · computed by Checked

49 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 21

Profitability 0

Solvency 44

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

21 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

8 2021

16 2022

16 2023

8 2024

21 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.98 (< 1.0) -10

Equity Negative equity -25

Profitability Negatieve ROE -1963% -10

Interest coverage Interest coverage 1925.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~21.1%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-2.1%	56.7%	better than 5% of 12402 sector peers
Net result	€57k	€38k	better than 62% of 12401 sector peers
Equity	€-3k	€90k	better than 5% of 12405 sector peers
Gross operating margin	€78k	€74k	better than 52% of 12398 sector peers
Total assets	€137k	€206k	better than 37% of 12408 sector peers

EBITDA

€78k

+330.6% 21-25

Net profit

€57k

+356.4% 21-25

Cash flow

€57k

+346.4% 21-25

Total assets

€137k

+95.1% 21-25

Equity

€-3k

+95.2% 21-25

Working capital

€-3k

+95.2% 21-25

Income taxes

€21k

+296.0% 21-25

Debt

€140k

+7.8% 21-25

Debt ≤ 1y

€140k

+7.8% 21-25

Current ratio

0.98

+81.7% 21-25

Quick ratio

0.98

+81.7% 21-25

Solvency

-2.1%

+97.5% 21-25

Debt / equity

-48.43

-2123.2% 21-25

ROE

-1962.8%

-9314.3% 21-25

ROA

41.4%

+133.9% 21-25

Interest coverage

1925.37

+449.3% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	+330.6%	-20.8%	+165.4%	+142.6%	-
Net profit	+356.4%	-22.9%	+184.6%	+150.9%	-
Cash flow	+346.4%	-22.5%	+186.0%	+111.6%	-
Staff costs	-	-	-	-	-
Income taxes	+296.0%	-16.7%	+155.0%	+224.3%	-
Dividends	-	-	-	-	-
Total assets	+95.1%	+10.3%	+78.7%	-5.5%	-
Equity	+95.2%	+17.3%	+18.3%	+6.0%	-
Debt	+7.8%	-4.3%	+9.6%	-5.9%	-
of which ≤ 1y	+7.8%	-4.3%	+9.6%	-5.9%	-
of which > 1y	-	-	-	-	-
Working capital	+95.2%	+17.6%	+18.5%	+5.1%	-
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.98	0.54	0.46	0.28	0.29
Quick ratio	0.98	0.54	0.46	0.28	0.29
Working capital ratio	-2.1%	-85.2%	-114.0%	-250.0%	-249.0%
Solvency	-2.1%	-84.9%	-113.1%	-247.5%	-249.0%
Debt / equity	-48.43	-2.18	-1.88	-1.40	-1.40
Long-term debt ratio	-	-	-	-	-
Interest coverage	1925.37	350.54	351.88	23.14	55.11
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	41.4%	17.7%	25.3%	15.9%	6.0%
ROE	-1962.8%	-20.8%	-22.4%	-6.4%	-2.4%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€137k	€70k	€64k	€36k	€38k
Fixed assets	21/28	€0	€244	€577	€910	-
Tangible fixed assets	22/27	€0	€244	€577	€910	-
Current assets	29/58	€137k	€70k	€63k	€35k	€38k
Amounts receivable within one year	40/41	€120k	€51k	€38k	€30k	€26k
Cash & bank	54/58	€17k	€18k	€25k	€4k	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€137k	€70k	€64k	€36k	€38k
Equity	10/15	€-3k	€-59k	€-72k	€-88k	€-94k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Accumulated profits (losses)	14	€-21k	€-78k	€-90k	€-107k	€-112k
Amounts payable	17/49	€140k	€130k	€135k	€124k	€131k
Amounts payable within one year	42/48	€140k	€130k	€135k	€124k	€131k
Trade debts payable within one year	44	€31k	€26k	€30k	€24k	€33k
Income statement
Gross operating margin	9900	€78k	€18k	€23k	€9k	€4k
Operating result	9901	€78k	€18k	€22k	€9k	€3k
Financial income	75	-	€0	-	-	-
Financial charges	65	€40	€52	€65	€372	€64
Result before taxes	9903	€78k	€18k	€22k	€8k	€3k
Income taxes	67/77	€21k	€5k	€6k	€2k	€767
Net result for the period	9904	€57k	€12k	€16k	€6k	€2k
Result to be appropriated	9905	€57k	€12k	€16k	€6k	€2k

Legal Structure

NACE primary	Certified accountants and tax accountants(69201)
Legal form	Private limited company(610)
Incorporation	18-04-2008
Status	Active
Postal code	3570

Establishment units 1 location

MTB

Motstraat 94, 3570 AlkenLegal and accounting activities

since 20082.171.303.032

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73302F0722/00D000	Flanders	1,171 m²	1 · 188 m²	6.3 m · 2 fl.

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.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Highest result since 2021net €57k ▲356%

Operating result €78k, net result €57k, both a record.

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

30-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 91 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

04-07

State Gazette act Capital & shares

Herbert HOUBEN

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

29-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 90 days late

2020

24-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 116 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 59 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

04-07-2023

Capital change

All acts · 1 updated 3 years ago

2023

04-07-2023 Transaction in capital or shares Capital & shares·Herbert HOUBEN

Notary: Herbert HOUBEN · Genk

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "statutory_reserve_release",
      "after_eur": 18600.0,
      "delta_eur": 0.0,
      "before_eur": 18600.0,
      "decrease_purpose": null,
      "contribution_type": "reserves_incorporation",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": "suppress"
    }
  ],
  "notary": {
    "name": "Herbert HOUBEN",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Genk",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-07-04",
    "filing_date": "2023-06-30",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-06-27",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-06-27"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0897.369.071",
    "name_full": "MTB",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expeditie",
    "geco\u00F6rdineerde statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 186,
      "class_name": "Gewone Aandelen",
      "capital_share_eur": 18600.0,
      "voting_rights_per_share": 1.0
    }
  ]
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Certified accountants and tax accountants69201Legal and accounting activities69202

Names & trade names

Legal nameNL

MTB

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