Equity
-€134,183
Debts exceed assets in financial year 2025.
MTM
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €87,361 (2010)
€7,376▲ 30.7%
lowest -€40,796 (2024)
-€37,010▲ €3,786
peak €46,685 (2011)
-€134,183▼ €37,010
€339,560▼ 6.4%
Board4 names since 2020
3 directors and 2 others
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €5,645 to €7,376Loss of €37,010Equity from -€97,174 to -€134,183Cash from €40,970 to €24,714
Key points
from the 2025 annual accountsLosses
-€111,010 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €50,000 estimated
The micro format states no turnover.
Debts
€339,560 165% of the balance sheet
Financial debts 7%Suppliers 0%Taxes and wages 0%Other 92%
Of this, €314,524 falls due within a year.
Filings
33 annual accounts since 1993
Three of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
-€134,183
Less equity than 95% of companies in wholesale trade. Sector median €58,174 · 15,461 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,635 companies had the same profile as MTM has now. Each dot stands for 17 companies, two years later.
84.3%
were still trading
10.2%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,635 companies, not a prediction for MTM. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449789196
Changes of role: (managing director), and
“De handel onder al zijn vormen (groot- en kleinhandel, aan- en verkoop, import en export, vertegenwoordiging…” (deed in Dutch) · Gazette deed
3 directors appointed, 1 resignation
Resignation: · Appointments: , and · General meeting of 14-08-2020 · Gazette deed
First establishment
Sint-Pietersstraat (West) 8, Heuvelland
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTM Heuvelland | €205,377 | €7,376 | -65.3% | - |
| SCHOORHOUT Asse | €223,157 | €9,960 | 4.4% | - |
| INSULO Tielt | €162,727 | €12,251 | 99.6% | - |
| Thecointainer Uccle | €275,214 | €6,327 | 61.4% | - |
| HUNTER COMPANY Antwerp | €210,120 | €11,328 | -99.8% | - |
| BELLIKON Beveren-Kruibeke-Zwijndrecht | €213,569 | €4,610 | 97.5% | - |
| INTER POLES Philippeville | €208,125 | €4,496 | 31.7% | - |
These companies have the same main activity as MTM: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €163,000 and €275,000, founded between 1986 and 1995.
Official details
Source: KBO- Status
- Active since 30-03-1993Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190and 1 other
- Establishment unit
- 2.131.490.0748954 Heuvelland, since 02-01-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 24-06-2025
Annual accounts 2025
- €205,377▼ 22.7%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on MTM
MTM files the micro format. That format states no turnover. The gross margin fell from €48,624 in 2006 to €7,376 in 2025.
In January 2024, the Official Gazette published the appointment of as managing director.
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 MTM
- What is the company number of MTM?
- The company number of MTM is 0449.789.196. The VAT number is the same number with BE in front: BE 0449.789.196.
- Where is MTM based?
- The registered office is at Sint-Pietersstraat (West) 8, 8954 Heuvelland.Company details
- What does MTM do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of MTM?
- MTM is a private limited company (BV).
- When was MTM founded?
- MTM was founded on 30-03-1993.
- Is MTM still active?
- Yes, MTM is an active enterprise in the KBO register.
- What is the turnover of MTM?
- The turnover in financial year 2025 is ≈ €50,000. This figure is estimated from the gross margin of €7,376 and 38 comparable companies (NACE 46190). It probably lies between €28,000 and €98,000. It is a rough estimate.Financials
- Is MTM profitable?
- In financial year 2025, MTM made a loss of €37,010.
- Where can I find the annual accounts of MTM?
- MTM filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MTM due?
- MTM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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