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MTC Capital

Active
Private limited companyfounded 20233 yrs activeRue Géron 19A, 5300 Andenne, BelgiumKBO/BCE: BE 0802.328.471
Summary

MTC Capital has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,390) and a net result of -€25,371. Its solvency ranks better than 16% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability22▲+5
Solvency20▼-6
Growth32
Track record94
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 1.01 in 2024; short-term debt: 104.7% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
-4.7%
Return on assets
-6.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€19,390
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
9 d early
2024
10 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MTC Capital was incorporated on 1 June 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€19,390
2024 · €5,981
Total assets
€416,080▼ 0.4%
2024 · €417,940
Net result
-€25,371▼ 322%
2024 · -€6,019
Working capital
-€19,390
2024 · €5,981
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€4,024--€4,274▼ 6.2%
Net result-€6,019within the sector's middle half--€25,371below the sector's middle half▼ 322%
Equity€5,981below the sector's middle half--€19,390below the sector's middle half
Total assets€417,940within the sector's middle half-€416,080within the sector's middle half▼ 0.4%
Debt€411,959-€435,470▲ 5.7%
Working capital€5,981within the sector's middle half--€19,390within the sector's middle half
Solvency1.4%below the sector's middle half--4.7%below the sector's middle half▼ 6.1pp
Current ratio1.01within the sector's middle half-0.96within the sector's middle half▼ 0.06
Return on assets (ROA)-1.4%within the sector's middle half--6.1%below the sector's middle half▼ 4.7pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2024: -€4,024-€4,024Net result 2024: -€6,019-€6,019Operating result 2025: -€4,274-€4,274Net result 2025: -€25,371-€25,37120242025-€30,000-€20,000-€10,000€0Operating result 2024: -€4,024-€4,020Net result 2024: -€6,019-€6,020Operating result 2025: -€4,274-€4,270Net result 2025: -€25,371-€25,40020242025
The operating result stays negative: a loss of €4,274 in 2025 against €4,024 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.00▼
2024 · 0.01
Debt to equity
-22.46▼
2024 · 68.88
Debt ≤ 1 year
€435,470▲
2024 · €411,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,554 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€417,940€416,080▼
Current assets29/58€417,940€416,080▼
Stocks and contracts in progress3€415,163€415,290=
Stocks30/36€415,163€415,290=
Amounts receivable within one year40/41€2,550€790▼
Trade receivables40€2,390-
Other amounts receivable41€160€790▲
Deferred charges and accrued income490/1€227-
Equity and liabilities
Total equity and liabilities10/49€417,940€416,080▼
Equity10/15€5,981-€19,390▼
Contributions10/11€12,000€12,000=
Profit (loss) carried forward14-€6,019-€31,390▼
Amounts payable17/49€411,959€435,470▲
Amounts payable within one year42/48€411,959€435,470▲
Financial debts43€210,330€210,427=
Credit institutions430/8€210,000€210,000=
Other loans439€330€427▲
Trade debts44€56,629€54,680▼
Suppliers440/4€56,629€54,680▼
Other amounts payable47/48€145,000€170,363▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,249-
Other operating charges640/8€484€2,091▲
Gross operating margin9900-€2,291-€2,183▲
Operating profit (loss)9901-€4,024-€4,274▼
Financial charges65/66B€1,995€21,097▲
Recurring financial charges65€1,995€21,097▲
Profit (loss) for the period before taxes9903-€6,019-€25,371▼
Profit (loss) for the period9904-€6,019-€25,371▼
Profit (loss) for the period to be appropriated9905-€6,019-€25,371▼
Appropriation of the result
Profit (loss) to be appropriated9906-€6,019-€31,390▼
Profit (loss) brought forward from the previous period14P--€6,019

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,249--
Other operating charges640/8€484€2,091▲ 332%
Gross operating margin9900-€2,291-€2,183▲ 4.7%
Operating profit (loss)9901-€4,024-€4,274▼ 6.2%
Financial charges65/66B€1,995€21,097▲ 957%
Recurring financial charges65€1,995€21,097▲ 957%
Profit (loss) for the period before taxes9903-€6,019-€25,371▼ 322%
Profit (loss) for the period9904-€6,019-€25,371▼ 322%
Profit (loss) for the period to be appropriated9905-€6,019-€25,371▼ 322%
Line20242025Change
Assets
Total assets20/58€417,940€416,080▼ 0.4%
Current assets29/58€417,940€416,080▼ 0.4%
Stocks and contracts in progress3€415,163€415,290=
Stocks30/36€415,163€415,290=
Amounts receivable within one year40/41€2,550€790▼ 69.0%
Trade receivables40€2,390--
Other amounts receivable41€160€790▲ 394%
Deferred charges and accrued income490/1€227--
Equity and liabilities
Total equity and liabilities10/49€417,940€416,080▼ 0.4%
Equity10/15€5,981-€19,390▼ 424%
Contributions10/11€12,000€12,000=
Profit (loss) carried forward14-€6,019-€31,390▼ 422%
Amounts payable17/49€411,959€435,470▲ 5.7%
Amounts payable within one year42/48€411,959€435,470▲ 5.7%
Financial debts43€210,330€210,427=
Credit institutions430/8€210,000€210,000=
Other loans439€330€427▲ 29.4%
Trade debts44€56,629€54,680▼ 3.4%
Suppliers440/4€56,629€54,680▼ 3.4%
Other amounts payable47/48€145,000€170,363▲ 17.5%
Line20242025Change
Profit (loss) for the period9904-€6,019-€25,371▼ 322%
+ Depreciation and write-downs630€1,249--
Operating cash flow (approximation)-€4,770-€25,371▼ 432%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
22-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Andenne · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
6,017 m²
Building footprint
2,550 m²
Parcel 92411D0076/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MTC Capital
Rue Géron 19A, 5300 AndenneReal estate development
since 20232.345.632.818
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92411D0076/00N000 Wallonia 6,017 m² 1 · 2,550 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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

Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 2,443 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-06-2023
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43110Demolition
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802328471
Also 9925:BE0802328471
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.