MTM
ActiveSummary
MTM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,394) and a net result of -€10,708. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,801 | €7,891 | €6,825 | €6,825 | €6,826 | = |
| Other operating charges640/8 | €381 | €431 | €408 | €413 | €426 | ▲ 3.2% |
| Gross operating margin9900 | -€608 | -€2,094 | -€3,927 | -€4,032 | -€3,363 | ▲ 16.6% |
| Operating profit (loss)9901 | -€8,789 | -€10,416 | -€11,161 | -€11,270 | -€10,614 | ▲ 5.8% |
| Financial income75/76B | €58 | - | - | - | - | - |
| Recurring financial income75 | €58 | - | - | - | - | - |
| Financial charges65/66B | €80 | €95 | €93 | €95 | €94 | ▼ 1.2% |
| Recurring financial charges65 | €80 | €95 | €93 | €95 | €94 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | -€8,811 | -€10,512 | -€11,254 | -€11,366 | -€10,708 | ▲ 5.8% |
| Profit (loss) for the period9904 | -€8,811 | -€10,512 | -€11,254 | -€11,366 | -€10,708 | ▲ 5.8% |
| Profit (loss) for the period to be appropriated9905 | -€8,811 | -€10,512 | -€11,254 | -€11,366 | -€10,708 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,461 | €134,207 | €122,680 | €111,428 | €115,160 | ▲ 3.3% |
| Fixed assets21/28 | €117,542 | €121,814 | €114,988 | €108,163 | €101,337 | ▼ 6.3% |
| Tangible fixed assets22/27 | €117,542 | €121,814 | €114,988 | €108,163 | €101,337 | ▼ 6.3% |
| Land and buildings22 | €116,076 | €121,814 | €114,988 | €108,163 | €101,337 | ▼ 6.3% |
| Plant, machinery and equipment23 | €1,466 | - | - | - | - | - |
| Current assets29/58 | €26,918 | €12,393 | €7,692 | €3,265 | €13,823 | ▲ 323% |
| Amounts receivable within one year40/41 | €3,073 | €496 | €844 | €1,213 | €121 | ▼ 90.0% |
| Trade receivables40 | €2,978 | €200 | €345 | - | - | - |
| Other amounts receivable41 | €96 | €296 | €499 | €1,213 | €121 | ▼ 90.0% |
| Cash at bank and in hand54/58 | €23,683 | €11,724 | €6,656 | €1,847 | €13,489 | ▲ 630% |
| Deferred charges and accrued income490/1 | €162 | €174 | €192 | €205 | €214 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,461 | €134,207 | €122,680 | €111,428 | €115,160 | ▲ 3.3% |
| Equity10/15 | €39,446 | €28,935 | €17,680 | €6,314 | -€4,394 | ▼ 170% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€60,554 | -€71,065 | -€82,320 | -€93,686 | -€104,394 | ▼ 11.4% |
| Amounts payable17/49 | €105,014 | €105,273 | €105,000 | €105,113 | €119,554 | ▲ 13.7% |
| Amounts payable after more than one year17 | €105,000 | €105,000 | €105,000 | €105,000 | €119,000 | ▲ 13.3% |
| Financial debts170/4 | €105,000 | €105,000 | €105,000 | €105,000 | €119,000 | ▲ 13.3% |
| Amounts payable within one year42/48 | €14 | €273 | - | €113 | €554 | ▲ 389% |
| Trade debts44 | €14 | €273 | - | €29 | €470 | ▲ 1,511% |
| Suppliers440/4 | €14 | €273 | - | €29 | €470 | ▲ 1,511% |
| Other amounts payable47/48 | - | - | - | €84 | €84 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,811 | -€10,512 | -€11,254 | -€11,366 | -€10,708 | ▲ 5.8% |
| + Depreciation and write-downs630 | €7,801 | €7,891 | €6,825 | €6,825 | €6,826 | = |
| Operating cash flow (approximation) | -€1,010 | -€2,621 | -€4,429 | -€4,540 | -€3,883 | ▲ 14.5% |
| Investment in fixed assets (approximation) | - | -€12,163 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,959 | -€5,068 | -€4,809 | €11,642 | ▲ 342% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Iveldingen,Im Uhrenfeld 134770 Amel1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.