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MTEC

Active
Private limited companyfounded 201610 years activeHogenakkerhoekstraat 7, 9150 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0662.869.888
Summary

The computed 12-month bankruptcy probability of MTEC is 6.3% (elevated). The 2024 annual accounts show equity of €32,014 and a net result of €6,009. Equity is growing by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 1,866 sector peers (NACE 49, fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Freight transport by road
NACE 49410Warehousing and storage NACE 52100
1 site
Size
€1.1mtotal assets 2024
Staff
6.4 FTE
Equity
€32,014
Profit
€6,009
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2024
Bankruptcy probability, 12 months
6.3%
Structure
Accounts 68 days overdue0 of 3 deeds read
Why 35- Figures for FY 2024 (filed 27-08-2025)- Size: 6.4 FTE, total assets €1.1m- Equity €32,014 (3.0% of total assets)- Liquidity: current ratio 0.83, cash €38,450Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 32% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Weak
Solvency 28-1
equity 3.0% of total assets
Liquidity 4-4
short-term debt 97.0% · cash 3.6%
Profitability 67+14
return on assets 0.6%
Bankruptcy probability, 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,060 companies)
Last 24 months 11-2024: 1.4% 12-2024: 1.4%● unchanged vs 11-2024 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.3%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 1.4%▲ +0.1 percentage points vs 02-2025 04-2025: 1.6%▲ +0.2 percentage points vs 03-2025 05-2025: 2.0%▲ +0.4 percentage points vs 04-2025 06-2025: 2.2%▲ +0.2 percentage points vs 05-2025 07-2025: 2.4%▲ +0.2 percentage points vs 06-2025 08-2025: 3.1%▲ +0.7 percentage points vs 07-2025 09-2025: 3.5%▲ +0.4 percentage points vs 08-2025 10-2025: 3.5%● unchanged vs 09-2025 11-2025: 3.5%● unchanged vs 10-2025 12-2025: 3.5%● unchanged vs 11-2025 01-2026: 3.5%● unchanged vs 12-2025 02-2026: 3.5%● unchanged vs 01-2026 03-2026: 3.3%▼ -0.2 percentage points vs 02-2026 04-2026: 3.5%▲ +0.2 percentage points vs 03-2026 05-2026: 2.5%▼ -1.0 percentage point vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.9%▲ +0.4 percentage points vs 06-2026 08-2026: 3.7%▲ +0.8 percentage points vs 07-2026 09-2026: 4.2%▲ +0.5 percentage points vs 08-2026 10-2026: 6.3%▲ +2.1 percentage points vs 09-2026highest value
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.83 against 0.88 in 2023; short-term debt: 97% and cash: 3.6% of total assets), and 97% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 16% on solvency, 6% on liquidity, 38% on profitability and 69% on growth.

The bankruptcy probability was computed on 07-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 27-08-2025)
NBB · annual accounts
raises risk · Size: 6.4 FTE, total assets €1.1m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €32,014 (3.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.83, cash €38,450
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1866 sector peers (2024).
NBB · sector comparison
Position among 1866 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
27 days late
2023
30 days early
2022
38 days early
2021
31 days early
2020
25 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Back to profitnet €6,009
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 10% on solvencysector median 41.8% · 1,866 companies 3.0% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Total assets 20246 fiscal years filed €1.1m View

By topic

Financials

Fiscal year
2024
Total assets
€1.1m
Profit
€6,009
Solvency
3.0%
Total assets▲ 74.0%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2018
  1. 23-06-2023Annual accounts filed
  2. 31-12-2022Highest result since 2018
  3. 30-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
22-09-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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