Financials
- Fiscal year
- 2024
- Total assets
- €114,672
- Profit
- €2,164
- Solvency
- 54.1%
Total assets▼ 4.0%
Net result
20182024
MTL Innovations
ActiveSummary
The computed 12-month bankruptcy probability of MTL Innovations is 2.1% (moderate). The 2024 annual accounts show equity of €62,005 and a net result of €2,164. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 56% of 2550 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Vocational training
NACE 85592
1 site
Size
€114,672total assets 2024
- Equity
- €62,005
- Profit
- €2,164
Structure
Accounts 68 d overdue0 of 3 deeds read
Why 53- Figures for FY 2024 (filed 31-08-2025)- Liquidity: current ratio 2.19- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late+ Sector Education (NACE 85)Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 44% of its sector peers (NACE 85, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
79+4
equity 54.1% of total assets
Liquidity
56+27
short-term debt 45.6%
Profitability
42+8
return on assets 1.9%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.1%highest value
12-2024: 0.7%▼ -89.8% vs 11-2024
01-2025: 0.7%▼ -0.7% vs 12-2024
02-2025: 0.7%● 0.0% vs 01-2025
03-2025: 0.7%▲ +1.4% vs 02-2025
04-2025: 0.7%▲ +1.9% vs 03-2025
05-2025: 0.7%▼ -2.8% vs 04-2025
06-2025: 0.7%▼ -0.8% vs 05-2025lowest value
07-2025: 0.7%▲ +1.8% vs 06-2025
08-2025: 1.1%▲ +46.8% vs 07-2025
09-2025: 0.8%▼ -27.9% vs 08-2025
10-2025: 0.8%▲ +0.3% vs 09-2025
11-2025: 0.8%▼ -1.5% vs 10-2025
12-2025: 0.8%● 0.0% vs 11-2025
01-2026: 0.8%● 0.0% vs 12-2025
02-2026: 0.7%▼ -2.0% vs 01-2026
03-2026: 0.7%▼ -0.1% vs 02-2026
04-2026: 0.8%▲ +4.9% vs 03-2026
05-2026: 0.8%▼ -4.3% vs 04-2026
06-2026: 0.7%▼ -3.2% vs 05-2026
07-2026: 0.7%▲ +1.7% vs 06-2026
08-2026: 1.2%▲ +59.1% vs 07-2026
09-2026: 1.4%▲ +22.2% vs 08-2026
10-2026: 2.1%▲ +49.6% vs 09-2026
- Figures for FY 2024 (filed 31-08-2025) raises the probability
- Liquidity: current ratio 2.19 raises the probability
- Sector Education (NACE 85) lowers the probability
- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late raises the probability
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.09 in 2023; short-term debt: 45.6% of total assets), and 45.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 85, micro). Better than this share of them on solvency 57%, liquidity 43%, profitability 26%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
89 d late
2022
336 d late
2021
136 d late
2020
92 d late
2019
17 d 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 111 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €2,164
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2019
- 31-08-2025Annual accounts filed
- 31-12-2024Back to profit
- 28-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Vocational trainingNACE 85592
- Founded
- 08-02-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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