MTL GROUP
ActiveSummary
The computed 12-month bankruptcy probability of MTL GROUP is 2.2% (moderate). The 2025 annual accounts show equity of €19k and a net result of €34k. Equity is growing by ~103.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 968 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
Profitability100
Solvency48
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.3; short-term debt: 76.9% and cash: 57.7% of total assets), and 76.9% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
23.1%
Return on assets
40.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
131 d late
2023
483 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€19k
2024 · €-15k
Total assets
€84k
2024 · €0
Net result
€34k
2024 · €-4k
Working capital
€19k
2023 · €-12k
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€-14k-€-4k▲ 74.4%€42k
Net result€-14k-€-4k▲ 73.2%€34k
Equity€-11k-€-15k▼ 34.2%€19k
Total assets€836-€0▼ 100%€84k
Debt€12k-€15k▲ 24.7%€65k▲ 341%
Working capital€-12k-€19k
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: €42k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €84k
Equity
€19k
Debt
€65k
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€42k▲
2024 · €-3k
Cash flow
€34k▲
2024 · €-3k
Current ratio
1.30
Debt to equity
3.32
ROE
175.4%
ROA
40.6%
Interest coverage
1041.95▲
2024 · -14.75
Debt ≤ 1 year
€65k▲
2024 · €15k
Income taxes
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €836 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €2k | - |
| Gross operating margin9900 | €-13k | €-3k | €44k | ▲ 1,710% |
| Operating profit (loss)9901 | €-14k | €-4k | €42k | ▲ 1,280% |
| Financial income75/76B | €1 | €0 | €16 | - |
| Recurring financial income75 | €1 | €0 | €16 | - |
| Financial charges65/66B | €23 | €184 | €40 | ▼ 78.2% |
| Recurring financial charges65 | €23 | €184 | €40 | ▼ 78.2% |
| Profit (loss) for the period before taxes9903 | €-14k | €-4k | €42k | ▲ 1,222% |
| Income taxes67/77 | - | - | €8k | - |
| Profit (loss) for the period9904 | €-14k | €-4k | €34k | ▲ 1,013% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-4k | €34k | ▲ 1,013% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €836 | €0 | €84k | - |
| Formation expenses20 | €836 | €0 | - | - |
| Current assets29/58 | €0 | - | €84k | - |
| Amounts receivable within one year40/41 | €0 | - | €36k | - |
| Trade receivables40 | - | - | €36k | - |
| Other amounts receivable41 | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | - | €49k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €836 | €0 | €84k | - |
| Equity10/15 | €-11k | €-15k | €19k | ▲ 233% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-14k | €-18k | €16k | ▲ 193% |
| Amounts payable17/49 | €12k | €15k | €65k | ▲ 341% |
| Amounts payable within one year42/48 | €12k | €15k | €65k | ▲ 341% |
| Current portion of amounts payable after more than one year42 | - | €184 | €0 | ▼ 100% |
| Trade debts44 | - | - | €28k | - |
| Suppliers440/4 | - | - | €28k | - |
| Taxes, remuneration and social security45 | €6k | €5k | €28k | ▲ 426% |
| Taxes450/3 | €6k | €5k | €28k | ▲ 426% |
| Other amounts payable47/48 | €6k | €9k | €8k | ▼ 12.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-4k | €34k | ▲ 1,013% |
| + Depreciation and write-downs630 | €1k | €836 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €-13k | €-3k | €34k | ▲ 1,275% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 483 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2022
Ground area
577 m²
Building footprint
253 m²
Volume, LiDAR
2,079 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
662
companies at this address
See who is registered here
1 establishment unit
MTL GROUP
since 20222.342.057.872
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 23582E0600/00Z003 | Flanders | 116 m² | 1 · 61 m² | 11.5 m · 3 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.
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Of 1,725 companies in sector 52210 we hold annual accounts for 770. 427 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
Founded09-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46180Agents specialised in the wholesale of other particular products
49410Freight transport by road
Contact
E-mail
mtl-groupdep@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.