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MTL Innovations

Active
Private limited companyfounded 20188 years activeSint-Michielslaan 47, 1040 Etterbeek, BelgiumKBO/BCE: BE 0689.934.175
Summary

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 2,550 sector peers (NACE 85, 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
Financial health
53 Fair Checked score 2024
Bankruptcy probability, 12 months
2.1%
Structure
Accounts 68 days 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%
Financially better than 44% of its sector peers (NACE 85, micro)
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).

Sector median 0.1% (3,789 companies)
Last 24 months 11-2024: 7.1%highest value 12-2024: 0.7%▼ -6.4 percentage points vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025lowest value 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 0.8%▼ -0.3 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.7%▼ -0.1 percentage points vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.7%▼ -0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.5 percentage points vs 07-2026 09-2026: 1.4%▲ +0.2 percentage points vs 08-2026 10-2026: 2.1%▲ +0.7 percentage points vs 09-2026
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 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 85, micro): better than 57% on solvency, 43% on liquidity, 26% on profitability and 51% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 31-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.19
NBB · annual accounts
lowers risk · Sector Education (NACE 85)
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late
NBB · filings
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 filings
Deviation from the deadline
2025
not confirmed
2024
31 days late
2023
89 days late
2022
336 days late
2021
136 days late
2020
92 days late
2019
17 days 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)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €2,164
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Total assets 20246 fiscal years filed €114,672 View
  • Active since 2018founded 08-02-2018 8 years View

By topic

Financials

Fiscal year
2024
Total assets
€114,672
Profit
€2,164
Solvency
54.1%
Total assets▼ 4.0%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2019
  1. 01-07-2024Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 14-12-2022Annual accounts filed
Go to Timeline

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
Go to Company details

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