MTI Boutique
ActiveThe computed 12-month bankruptcy probability of MTI Boutique is 14.4% (high). The 2024 annual accounts show equity of €74k and a net result of €40k. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 18940 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+23
Solvency37▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
14.4%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.6 in 2023; short-term debt: 74.5% and cash: 2.4% of total assets), and 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
12.3%
Return on assets
6.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-02-2026, 203 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
203 d late
2023
568 d late
2022
53 d late
2021
220 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€124k
EBIT margin
17.3%
Net result
€40k
2023 · €-9k
2021: €20k
2022: €15k
2023: €-9k
2021 → 2024
Working capital
€-96k▲ 42.6%
2023 · €-167k
2021: €-7k
2022: €12k
2023: €-167k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€124k
Equity€27k-€42k▲ 55.8%€33k▼ 20.9%€74k▲ 120%
Operating result€27k-€21k▼ 20.6%€-8k€63k
Net result€20k-€15k▼ 25.7%€-9k€40k
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 2024: €63k after a loss of €8k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €599k
Fixed assets
€249k▲ 9.5%
Current assets
€350k▲ 38.5%
Equity and liabilities €599k
Equity
€74k▲ 120%
Debt
€525k▲ 17.6%
The debt ratio falls from 93.0% to 87.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91k▲
2023 · €4k
Cash flow
€69k▲
2023 · €4k
Solvency
12.3%▲
2023 · 7.0%
Current ratio
0.78▲
2023 · 0.60
Quick ratio
0.78▲
2023 · 0.60
Debt / equity
7.12▼
2023 · 13.34
ROE
54.6%▲
2023 · -26.4%
ROA
6.7%▲
2023 · -1.8%
Interest coverage
11.57▲
2023 · 4.52
Debt
€525k▲
2023 · €446k
Debt ≤ 1 year
€446k▲
2023 · €420k
Debt > 1 year
€79k▲
2023 · €26k
Income taxes
€16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€480k€599k▲
Fixed assets21/28€227k€249k▲
Intangible fixed assets21€11k€9k▼
Tangible fixed assets22/27€186k€209k▲
Land and buildings22€166k€161k▼
Plant, machinery and equipment23€4k€29k▲
Furniture and vehicles24€16k€19k▲
Financial fixed assets28€31k€30k▼
Current assets29/58€253k€350k▲
Amounts receivable within one year40/41€173k€284k▲
Trade receivables40€152k€228k▲
Other amounts receivable41€21k€56k▲
Current investments50/53€51k€51k=
Cash at bank and in hand54/58€28k€14k▼
Equity and liabilities
Total equity and liabilities10/49€480k€599k▲
Equity10/15€33k€74k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€26k€67k▲
Amounts payable17/49€446k€525k▲
Amounts payable after more than one year17€26k€79k▲
Financial debts170/4€26k€79k▲
Amounts payable within one year42/48€420k€446k▲
Current portion of amounts payable after more than one year42€6k€22k▲
Trade debts44€176k€130k▼
Suppliers440/4€176k€130k▼
Taxes, remuneration and social security45€9k€65k▲
Taxes450/3€9k€65k▲
Other amounts payable47/48€229k€229k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€29k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€6k€93k▲
Operating profit (loss)9901€-8k€63k▲
Financial income75/76B€159€2k▲
Recurring financial income75€159€2k▲
Financial charges65/66B€993€8k▲
Recurring financial charges65€993€8k▲
Profit (loss) for the period before taxes9903€-9k€56k▲
Income taxes67/77-€16k
Profit (loss) for the period9904€-9k€40k▲
Profit (loss) for the period to be appropriated9905€-9k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€67k▲
Profit (loss) brought forward from the previous period14P€35k€26k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 203 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 568 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-9k ▼159%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 220 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ukkel · 5 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alsembergsesteenweg 8421180 UkkelGround area
5.8 ha
Building footprint
5.2 ha
Volume, LiDAR
502,142 m³
6 parcels, Brussels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
5 establishment units
MTI Boutique
since 20202.317.208.254
MTI Boutique
since 20232.343.281.359
MTI Boutique
since 20232.343.281.458
MTI Boutique
since 20232.343.281.557
JOEM RESTAURANT
since 20232.347.073.762
6 parcels
Flanders
1
(16.7%)
Brussels
5
(83.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0076/00D000 | Brussels | 5.0 ha | 1 · 5.0 ha | 17.9 m · 4 fl. |
| 21674C0095/00N007 | Brussels | 5,552 m² | - | - |
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
| 23027G0323/00X005 | Flanders | 414 m² | 1 · 410 m² | 11.1 m · 3 fl. |
| 21808H1642/00L000 | Brussels | 330 m² | 1 · 297 m² | 17.7 m · 5 fl. |
| 21902A0422/00C007 | Brussels | 158 m² | 1 · 268 m² | 18.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteHalle2.347.073.762
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PERFECT LUNCH
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SUN-XIA
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 9,805 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2020
Fiscal year end31-12
Activities, NACEBEL
47750Retail sale of cosmetics and toilet articles
56101Full-service restaurants
56111Full-service restaurants
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:mtiboutique01@gmail.com
Phone:0729575704