MTB GROUP
InactiveMTB GROUP was declared bankrupt on 08-11-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 07-10-2025, published in the Belgian State Gazette on 15-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-09-2021, 55 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
55 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 76 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, full schema
Turnover
€319,509
EBIT margin
4.4%
Net result
€14,938▲ 1,345%
2019 · €1,034
Working capital
€24,977▲ 153%
2019 · €9,891
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Turnover€319,509
Operating result€933-€14,129▲ 1,414%
Net result€1,034-€14,938▲ 1,345%
EBIT margin4.4%
Equity€10,484-€25,422▲ 142%
Total assets€43,524-€57,914▲ 33.1%
Debt€33,040-€32,492▼ 1.7%
Working capital€9,891-€24,977▲ 153%
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 1,414% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €57,914
Equity
€25,422 ▲ 142%
Debt
€32,492 ▼ 1.7%
Debt's share of the balance-sheet total falls from 75.9% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,277▲
2019 · €1,082
Cash flow
€15,086▲
2019 · €1,182
Current ratio
1.77▲
2019 · 1.30
Quick ratio
1.03▲
2019 · 0.49
ROE
58.8%▲
2019 · 9.9%
ROA
25.8%▲
2019 · 2.4%
Debt ≤ 1 year
€32,492▼
2019 · €33,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | - | €319,509 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148 | €148 | = |
| Gross operating margin9900 | €4,559 | €38,463 | ▲ 744% |
| Operating profit (loss)9901 | €933 | €14,129 | ▲ 1,414% |
| Recurring financial income75 | - | €1,008 | - |
| Recurring financial charges65 | €192 | €307 | ▲ 60.1% |
| Profit (loss) for the period before taxes9903 | €1,034 | €14,938 | ▲ 1,345% |
| Profit (loss) for the period9904 | €1,034 | €14,938 | ▲ 1,345% |
| Profit (loss) for the period to be appropriated9905 | €1,034 | €14,938 | ▲ 1,345% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €43,524 | €57,914 | ▲ 33.1% |
| Formation expenses20 | €593 | €445 | ▼ 25.0% |
| Current assets29/58 | €42,931 | €57,469 | ▲ 33.9% |
| Stocks and contracts in progress3 | €26,639 | €23,886 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €13,441 | €13,257 | ▼ 1.4% |
| Cash at bank and in hand54/58 | €2,060 | €20,327 | ▲ 887% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €43,524 | €57,914 | ▲ 33.1% |
| Equity10/15 | €10,484 | €25,422 | ▲ 142% |
| Contributions10/11 | €9,450 | €9,450 | = |
| Reserves13 | €52 | €799 | ▲ 1,445% |
| Profit (loss) carried forward14 | €982 | €15,173 | ▲ 1,445% |
| Amounts payable17/49 | €33,040 | €32,492 | ▼ 1.7% |
| Amounts payable within one year42/48 | €33,040 | €32,492 | ▼ 1.7% |
| Trade debts44 | €30,862 | €11,690 | ▼ 62.1% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,034 | €14,938 | ▲ 1,345% |
| + Depreciation and write-downs630 | €148 | €148 | = |
| Operating cash flow (approximation) | €1,182 | €15,086 | ▲ 1,176% |
| Change in cash | - | €18,267 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 07-10-2025
2022
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 08-11-2022
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 55 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 96 days late
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON PROOST VICTOR NONNEMANSTRAAT 15 B,
1600 SINT-PIETERS-LEEUW |
08-11-2022 → 07-10-2025 |