Equity
€154,662 ▼ 16.3%
MTLV paid out €64,368 in dividends. That is 188% of the 2025 profit.
MTLV
Lifetime
12 annual accounts with figures on one time axispeak €180,137 (2025)
€180,137▲ 61.0%
peak €34,311 (2025)
€34,311▲ 107%
peak €188,234 (2022)
€154,662▼ 16.3%
€240,560▲ 41.9%
peak 2 FTE (2025)
2 FTE▲ 100%
Board1 name since 2013
-
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €111,868 to €180,137Result from €16,573 to €34,311Staff from 1 FTE to 2 FTEDividend €64,368Equity from €184,720 to €154,662Debts from €169,548 to €240,560
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 56% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -0.4 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▼ -0.1 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 of the last 3 accounts late
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 1.89, cash €168,343
Founded in 2013
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 51% of them on solvency, 85% on liquidity, 64% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as MTLV has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MTLV itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MTLV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (3.4 in 2024), above the usual 1.5. Short-term debt is 40.1% and cash 42.6% of total assets. However, 60.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
61 days late
2023
61 days late
2022
39 days early
2021
34 days early
2020
89 days late
2019
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0541579902
Change of role: MEYNS Tommy, from manager to niet statutair bestuurder van categorie a
General meeting of 10-07-2023 · Gazette deed
Incorporation
published on 13-11-2013 · Gazette deed
First establishment
Oostendesteenweg 106, Ichtegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTLV Ichtegem | €395,223 | €180,137 | 39.1% | 2 |
| FAMITRANS Moorslede | €452,453 | €255,639 | 56.2% | 2 |
| JR BETON-TRANS Ypres | €518,118 | €174,170 | 40.0% | 1.3 |
| ROUSSEL LOGISTICS Wevelgem | €347,435 | €245,852 | 47.6% | 3.4 |
| MARSK TRANSPORT and LOGISTICS Genk | €433,241 | €205,049 | 41.1% | 2.5 |
| WERFPUNT Nazareth-De Pinte | €521,846 | €225,204 | -4.5% | 2 |
| NISEN TRAVAUX Bastogne | €480,734 | €183,359 | 18.9% | 1.5 |
These companies have the same main activity as MTLV: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €347,000 and €522,000, founded between 2010 and 2016.
Official details
Source: KBO- Status
- Active since 28-10-2013Normal situation
- Activity
- Freight transport by roadNACE 49410and 2 others
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.223.881.2878480 Ichtegem, since 28-10-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €450,000estimated
- €395,223▲ 11.6%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MTLV
MTLV files the abbreviated format. That format states no turnover. The gross margin rose from €40,733 in 2014 to €180,137 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MTLV
- What is the company number of MTLV?
- The company number of MTLV is 0541.579.902. The VAT number is the same number with BE in front: BE 0541.579.902.
- Where is MTLV based?
- The registered office is at Oostendesteenweg 106, 8480 Ichtegem.Company details
- What does MTLV do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MTLV?
- MTLV is a private limited company (BV).
- When was MTLV founded?
- MTLV was founded on 28-10-2013.
- Is MTLV still active?
- Yes, MTLV is an active enterprise in the KBO register.
- How many employees does MTLV have?
- MTLV had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MTLV fall under?
- In its 2025 annual accounts, MTLV states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of MTLV?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €180,137 and 78 comparable companies (NACE 49410). It probably lies between €380,000 and €620,000. In financial year 2019 turnover was €167,222.
- Is MTLV profitable?
- In financial year 2025, MTLV made a profit of €34,311.
- Where can I find the annual accounts of MTLV?
- MTLV filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MTLV due?
- MTLV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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