MTCook
ActiveSummary
The computed 12-month bankruptcy probability of MTCook is 4.0% (moderate). The 2025 annual accounts show equity of €66,043 and a net result of €40,372. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 13560 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+82
Solvency45▲+13
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.42 in 2024; short-term debt: 20.6% and cash: 10.4% of total assets), and 80% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20%
Return on assets
12.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€66,043▲ 157%
2024 · €25,670
Total assets
€329,890▼ 4.9%
2024 · €346,960
Net result
€40,372
2024 · -€47,553
Working capital
-€10,412▲ 88.2%
2024 · -€88,099
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
Line202320242025
Operating result-€16,636--€40,329▼ 142%€48,495
Net result-€16,777--€47,553▼ 183%€40,372
Equity€73,223-€25,670▼ 64.9%€66,043▲ 157%
Total assets€219,181-€346,960▲ 58.3%€329,890▼ 4.9%
Debt€145,958-€321,290▲ 120%€263,847▼ 17.9%
Working capital€25,610--€88,099-€10,412▲ 88.2%
Staff (FTE)2.75.3▲ 96.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48,495 after a loss of €40,329 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329,890
Fixed assets
€272,454 ▼ 4.0%
Current assets
€57,436 ▼ 9.1%
Equity and liabilities €329,890
Equity
€66,043 ▲ 157%
Debt
€263,847 ▼ 17.9%
Debt's share of the balance-sheet total falls from 92.6% to 80.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,294▲
2024 · -€21,148
Cash flow
€65,171▲
2024 · -€28,372
Current ratio
0.85▲
2024 · 0.42
Quick ratio
0.68▲
2024 · 0.34
Debt to equity
4.00▼
2024 · 12.52
ROE
61.1%▲
2024 · -185.2%
ROA
12.2%▲
2024 · -13.7%
Interest coverage
9.09▲
2024 · -2.95
Debt ≤ 1 year
€67,848▼
2024 · €151,290
Debt > 1 year
€195,000▲
2024 · €170,000
Income taxes
€128▲
2024 · €75
Staff costs
€202,947▲
2024 · €103,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 7,976 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €103,980 | €202,947 | ▲ 95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,601 | €19,181 | €24,799 | ▲ 29.3% |
| Other operating charges640/8 | €757 | €2,662 | €2,975 | ▲ 11.8% |
| Gross operating margin9900 | -€8,278 | €85,493 | €279,216 | ▲ 227% |
| Operating profit (loss)9901 | -€16,636 | -€40,329 | €48,495 | ▲ 220% |
| Financial income75/76B | - | €10 | €72 | ▲ 636% |
| Recurring financial income75 | - | €10 | €72 | ▲ 636% |
| Financial charges65/66B | €140 | €7,159 | €8,067 | ▲ 12.7% |
| Recurring financial charges65 | €140 | €7,159 | €8,067 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | -€16,777 | -€47,479 | €40,500 | ▲ 185% |
| Income taxes67/77 | - | €75 | €128 | ▲ 71.4% |
| Profit (loss) for the period9904 | -€16,777 | -€47,553 | €40,372 | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | -€16,777 | -€47,553 | €40,372 | ▲ 185% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €219,181 | €346,960 | €329,890 | ▼ 4.9% |
| Fixed assets21/28 | €189,614 | €283,769 | €272,454 | ▼ 4.0% |
| Tangible fixed assets22/27 | €189,614 | €283,769 | €272,454 | ▼ 4.0% |
| Plant, machinery and equipment23 | €172,940 | €259,916 | €251,554 | ▼ 3.2% |
| Furniture and vehicles24 | €16,674 | €23,853 | €20,901 | ▼ 12.4% |
| Current assets29/58 | €29,567 | €63,191 | €57,436 | ▼ 9.1% |
| Stocks and contracts in progress3 | - | €12,116 | €11,281 | ▼ 6.9% |
| Stocks30/36 | - | €12,116 | €11,281 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €7,151 | €330 | €355 | ▲ 7.5% |
| Trade receivables40 | €943 | - | - | - |
| Other amounts receivable41 | €6,208 | €330 | €355 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €21,755 | €38,840 | €34,416 | ▼ 11.4% |
| Deferred charges and accrued income490/1 | €661 | €11,904 | €11,383 | ▼ 4.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €219,181 | €346,960 | €329,890 | ▼ 4.9% |
| Equity10/15 | €73,223 | €25,670 | €66,043 | ▲ 157% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | = |
| Profit (loss) carried forward14 | -€16,777 | -€64,330 | -€23,957 | ▲ 62.8% |
| Amounts payable17/49 | €145,958 | €321,290 | €263,847 | ▼ 17.9% |
| Amounts payable after more than one year17 | €142,000 | €170,000 | €195,000 | ▲ 14.7% |
| Other amounts payable178/9 | €142,000 | €170,000 | €195,000 | ▲ 14.7% |
| Amounts payable within one year42/48 | €3,958 | €151,290 | €67,848 | ▼ 55.2% |
| Trade debts44 | €3,794 | €32,844 | €26,404 | ▼ 19.6% |
| Suppliers440/4 | €3,794 | €32,844 | €26,404 | ▼ 19.6% |
| Advances received on contracts in progress46 | - | €10,980 | €11,220 | ▲ 2.2% |
| Taxes, remuneration and social security45 | - | €45,392 | €29,656 | ▼ 34.7% |
| Taxes450/3 | - | €18,028 | €14,650 | ▼ 18.7% |
| Remuneration and social security454/9 | - | €27,365 | €15,007 | ▼ 45.2% |
| Other amounts payable47/48 | €163 | €62,073 | €568 | ▼ 99.1% |
| Accrued charges and deferred income492/3 | - | - | €999 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,777 | -€47,553 | €40,372 | ▲ 185% |
| + Depreciation and write-downs630 | €7,601 | €19,181 | €24,799 | ▲ 29.3% |
| Operating cash flow (approximation) | -€9,176 | -€28,372 | €65,171 | ▲ 330% |
| Investment in fixed assets (approximation) | - | -€113,336 | -€13,484 | ▲ 88.1% |
| Change in cash | - | €17,085 | -€4,423 | ▼ 126% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €40,372
Net result €40,372 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€47,553
Net result drops to -€47,553, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Estaimpuis · 1 establishment unit since 2024
Ground area
991 m²
Building footprint
491 m²
Volume, LiDAR
3,120 m³
Parcel 57026A0455/00R000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MTCook
since 20242.357.834.824
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57026A0455/00R000 | Wallonia | 991 m² | 1 · 491 m² | 9.3 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEstaimpuis2.357.834.824
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,854 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
Founded30-08-2022
Fiscal year end31-12
Abbreviation FR
MTC srl
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790226138
Also
9925:BE0790226138
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.