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MTKI Group

Active
Private limited companyfounded 199135 yrs activeLouizalaan 209, 1050 Elsene, BelgiumKBO/BCE: BE 0445.189.715
Summary

The computed 12-month bankruptcy probability of MTKI Group is 1.7% (moderate). The 2025 annual accounts show equity of €40,879 and a net result of -€2,832. Equity is growing by ~2.7% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability11▼-29
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 9.17; short-term debt: 10.7% and cash: 0.5% of total assets), and 10.7% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
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
89.3%
Return on assets
-6.2%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-11-2025, 11 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 · 10 filings
Deviation from the deadline
2025
11 d late
2024
32 d late
2022
139 d late
2021
58 d late
2020
104 d late
2019
87 d late
2018
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 66 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close01-10-2026 today31-10-2026 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

On 1 October 1991, MTKI Group was incorporated.1 Total assets went from EUR 43,434 in 2018 to EUR 45,788 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€40,879▼ 6.5%
2024 · €43,710
Total assets
€45,788▲ 4.8%
2024 · €43,710
Net result
-€2,832
2024 · €371
Working capital
€40,131▼ 6.9%
2022 · €43,117
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220242025
Operating result€699▼ 54.3%€8,970▲ 1,182%-€3,090€1,863--€2,785
Net result-€1,182▼ 2.7%€10,098€248▼ 97.5%€371--€2,832
Equity€32,993▼ 3.5%€43,091▲ 30.6%€43,339▲ 0.6%€43,710-€40,879▼ 6.5%
Total assets€44,230▲ 2.6%€52,124▲ 17.8%€43,639▼ 16.3%€43,710-€45,788▲ 4.8%
Debt€11,237▲ 26.0%€9,033▼ 19.6%€300▼ 96.7%€4,909
Working capital€32,771▼ 3.5%€42,869▲ 30.8%€43,117▲ 0.6%€40,131
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2020: €699€699Net result 2020: -€1,182-€1,182Operating result 2021: €8,970€8,970Net result 2021: €10,098€10,098Operating result 2022: -€3,090-€3,090Net result 2022: €248€248Operating result 2024: €1,863€1,863Net result 2024: €371€371Operating result 2025: -€2,785-€2,785Net result 2025: -€2,832-€2,83220202021202220242025-€4,000-€2,000€0€2,000Operating result 2022: -€3,090-€3,090Net result 2022: €248€248Operating result 2024: €1,863€1,860Net result 2024: €371€371Operating result 2025: -€2,785-€2,790Net result 2025: -€2,832-€2,830202220242025
The operating result turns negative in 2025: a loss of €2,785 after €1,863 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,788
Fixed assets €748 ▲ 237%
Current assets €45,041 ▲ 3.6%
Equity and liabilities €45,788
Equity €40,879
Debt €4,909
Debt finances 10.7% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2,757
Cash flow
-€2,803
Current ratio
9.17
Debt to equity
0.12
ROE
-6.9%▼
2024 · 0.8%
ROA
-6.2%▼
2024 · 0.8%
Interest coverage
-59.28
Debt ≤ 1 year
€4,909
Staff costs
€387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 12,321 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 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€43,710€45,788▲
Fixed assets21/28€222€748▲
Tangible fixed assets22/27-€526
Furniture and vehicles24-€526
Financial fixed assets28€222€222=
Current assets29/58€43,488€45,041▲
Amounts receivable within one year40/41€31,163€44,807▲
Trade receivables40€3€10,729▲
Other amounts receivable41€31,160€34,078▲
Cash at bank and in hand54/58€12,325€234▼
Equity and liabilities
Total equity and liabilities10/49€43,710€45,788▲
Equity10/15€43,710€40,879▼
Contributions10/11€17,483€17,483=
Profit (loss) carried forward14€26,227€23,396▼
Amounts payable17/49-€4,909
Amounts payable within one year42/48-€4,909
Trade debts44-€4,909
Suppliers440/4-€4,909
Income statement Code20242025
Remuneration, social security and pensions62-€387
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€28
Other operating charges640/8€2,174€184▼
Gross operating margin9900€4,037-€2,185▼
Operating profit (loss)9901€1,863-€2,785▼
Financial income75/76B€370€0▼
Recurring financial income75€370€0▼
Non-recurring financial income76B€370-
Financial charges65/66B€315€47▼
Recurring financial charges65€315€47▼
Profit (loss) for the period before taxes9903€1,918-€2,832▼
Income taxes67/77€1,547-
Profit (loss) for the period9904€371-€2,832▼
Profit (loss) for the period to be appropriated9905€371-€2,832▼
Appropriation of the result
Profit (loss) to be appropriated9906€26,227€23,396▼
Profit (loss) brought forward from the previous period14P€25,856€26,227▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220242025Change
Non-recurring operating income76A--€3,306---
Remuneration, social security and pensions62----€387-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€28-
Other operating charges640/8-€387-€2,174€184▼ 91.5%
Gross operating margin9900€1,292€9,357-€3,090€4,037-€2,185▼ 154%
Operating profit (loss)9901€699€8,970-€3,090€1,863-€2,785▼ 249%
Financial income75/76B-€2,154€3,640€370€0▼ 100.0%
Recurring financial income75-€2,154€3,640€370€0▼ 100.0%
Non-recurring financial income76B-€2,154-€370--
Financial charges65/66B-€1,026€303€315€47▼ 85.2%
Recurring financial charges65€1,591€1,026€303€315€47▼ 85.2%
Profit (loss) for the period before taxes9903-€892€10,098€248€1,918-€2,832▼ 248%
Income taxes67/77€290--€1,547--
Profit (loss) for the period9904-€1,182€10,098€248€371-€2,832▼ 862%
Profit (loss) for the period to be appropriated9905-€1,182€10,098€248€371-€2,832▼ 862%
Line20202021202220242025Change
Assets
Total assets20/58€44,230€52,124€43,639€43,710€45,788▲ 4.8%
Fixed assets21/28€222€222€222€222€748▲ 237%
Tangible fixed assets22/27----€526-
Furniture and vehicles24----€526-
Financial fixed assets28€222€222€222€222€222=
Current assets29/58€44,008€51,902€43,417€43,488€45,041▲ 3.6%
Amounts receivable within one year40/41€43,957€51,850€39,805€31,163€44,807▲ 43.8%
Trade receivables40---€3€10,729▲ 349,390%
Other amounts receivable41-€51,850€39,805€31,160€34,078▲ 9.4%
Cash at bank and in hand54/58€52€52€3,612€12,325€234▼ 98.1%
Equity and liabilities
Total equity and liabilities10/49€44,230€52,124€43,639€43,710€45,788▲ 4.8%
Equity10/15€32,993€43,091€43,339€43,710€40,879▼ 6.5%
Contributions10/11-€15,624€15,624€17,483€17,483=
Reserves13€1,859€1,859€1,859---
Non-distributable reserves130/1-€1,859€1,859---
Reserves not available under the articles1311-€1,859€1,859---
Profit (loss) carried forward14€15,510€25,608€25,856€26,227€23,396▼ 10.8%
Amounts payable17/49€11,237€9,033€300-€4,909-
Amounts payable within one year42/48€11,237€9,033€300-€4,909-
Financial debts43-€5,220----
Credit institutions430/8-€5,220----
Trade debts44€2,715€1,507€300-€4,909-
Suppliers440/4-€1,507€300-€4,909-
Taxes, remuneration and social security45-€2,306----
Taxes450/3-€2,306----
Line20202021202220242025Change
Profit (loss) for the period9904-€1,182€10,098€248€371-€2,832▼ 862%
+ Depreciation and write-downs630----€28-
Operating cash flow (approximation)-€1,182€10,098€248€371-€2,803▼ 855%
Investment in fixed assets (approximation)-€0€0--€554-
Change in cash-€0€3,560--€12,091-

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 31-10-2026
2025
11-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
31-03
Financial Weakest financial yearnet -€2,832
Net result drops to -€2,832, the lowest in the series.
2024
02-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2023
17-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 139 days late
2022
31-12
Financial Liquidity times 25current ratio 144.72
Current ratio from 5.75 to 144.72; short-term debt falls from €9,033 to €300.
27-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial Back to profitnet €10,098
Net result €10,098 after 2 loss-making years.
12-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 104 days late
2020
26-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 136 days late
2017
07-12
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 129 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
955 m²
Building footprint
859 m²
Volume, LiDAR
18,179 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
178 companies at this address See who is registered here
1 establishment unit
Prins Leopoldsquare 8, 1020 Brussel
Retail trade
since 19912.054.395.266
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0120/00L005 Brussels 700 m² 1 · 700 m² 32.2 m · 9 fl.
21816C0060/00S002 Brussels 255 m² 1 · 159 m² 14.1 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPrivate limited company
Founded01-10-1991
Fiscal year end31-03
Abbreviation FR MTKI
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Contact
E-mail mtki.group.eu@gmail.com
Phone 0483666880
E-invoicing
Reachable via Peppol
Peppol ID 0208:0445189715
Registered 14-01-2026

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

Register as of 1 October 2026 · Peppol Directory

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