MTOr
ActiveSummary
MTOr has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146,638 and a net result of €12,772. Equity is growing by ~53% per year across the filed fiscal years. Its solvency ranks better than 18% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-26
Solvency49▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.29 against 1.13 in 2023; short-term debt: 72.4% and cash: 0.5% of total assets), and 75.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 19918 sector peers (2024).
NBB · sector comparisonPosition among 19918 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-01-2026, 161 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
161 d late
2023
513 d late
2022
141 d late
2021
10 d early
2020
64 d early
2019
8 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 122 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€146,638▲ 9.5%
2023 · €133,867
Total assets
€604,018▼ 23.9%
2023 · €793,822
Net result
€12,772▼ 75.6%
2023 · €52,374
Working capital
€128,886▲ 54.9%
2023 · €83,216
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,172▲ 911%€66,330▲ 825%€41,856▼ 36.9%€83,538▲ 99.6%€47,243▼ 43.4%
Net result€4,446€52,814▲ 1,088%€24,905▼ 52.8%€52,374▲ 110%€12,772▼ 75.6%
Equity-€1,043▲ 81.0%€56,588€81,493▲ 44.0%€133,867▲ 64.3%€146,638▲ 9.5%
Total assets€60,442▲ 185%€144,779▲ 140%€243,713▲ 68.3%€793,822▲ 226%€604,018▼ 23.9%
Debt€61,486▲ 130%€88,191▲ 43.4%€162,220▲ 83.9%€659,955▲ 307%€457,380▼ 30.7%
Working capital-€2,443▲ 67.8%-€1,991▲ 18.5%€28,943€83,216▲ 188%€128,886▲ 54.9%
Staff (FTE)11=1.5▲ 50.0%1.3▼ 13.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €604,018
Fixed assets
€37,732 ▼ 55.9%
Current assets
€566,287 ▼ 20.0%
Equity and liabilities €604,018
Equity
€146,638 ▲ 9.5%
Debt
€457,380 ▼ 30.7%
Debt's share of the balance-sheet total falls from 83.1% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,091▼
2023 · €115,965
Cash flow
€35,620▼
2023 · €84,801
Current ratio
1.29▲
2023 · 1.13
Quick ratio
1.13▲
2023 · 1.13
Debt to equity
3.12▼
2023 · 4.93
ROE
8.7%▼
2023 · 39.1%
ROA
2.1%▼
2023 · 6.6%
Interest coverage
3.50▼
2023 · 44.40
Debt ≤ 1 year
€437,400▼
2023 · €624,988
Debt > 1 year
€18,479▼
2023 · €33,467
Income taxes
€19,125▼
2023 · €31,141
Staff costs
€39,033▼
2023 · €112,309
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
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 4,500 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,047 | €77,936 | €112,309 | €39,033 | ▼ 65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €700 | €13,675 | €23,428 | €32,427 | €22,848 | ▼ 29.5% |
| Other operating charges640/8 | - | €2,005 | €8,263 | €11,198 | €9,384 | ▼ 16.2% |
| Gross operating margin9900 | €9,565 | €87,057 | €151,482 | €239,472 | €118,508 | ▼ 50.5% |
| Operating profit (loss)9901 | €7,172 | €66,330 | €41,856 | €83,538 | €47,243 | ▼ 43.4% |
| Financial income75/76B | - | €188 | €1,567 | €2,589 | €4,679 | ▲ 80.7% |
| Recurring financial income75 | €2 | €188 | €1,567 | €2,589 | €4,679 | ▲ 80.7% |
| Financial charges65/66B | - | €2,439 | €2,399 | €2,612 | €20,025 | ▲ 667% |
| Recurring financial charges65 | €578 | €2,439 | €2,399 | €2,612 | €20,025 | ▲ 667% |
| Profit (loss) for the period before taxes9903 | €6,597 | €64,079 | €41,024 | €83,515 | €31,897 | ▼ 61.8% |
| Income taxes67/77 | €2,150 | €11,265 | €16,119 | €31,141 | €19,125 | ▼ 38.6% |
| Profit (loss) for the period9904 | €4,446 | €52,814 | €24,905 | €52,374 | €12,772 | ▼ 75.6% |
| Profit (loss) for the period to be appropriated9905 | €4,446 | €52,814 | €24,905 | €52,374 | €12,772 | ▼ 75.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,442 | €144,779 | €243,713 | €793,822 | €604,018 | ▼ 23.9% |
| Fixed assets21/28 | €1,400 | €59,183 | €77,145 | €85,618 | €37,732 | ▼ 55.9% |
| Intangible fixed assets21 | €1,400 | €700 | - | - | - | - |
| Tangible fixed assets22/27 | - | €58,483 | €77,145 | €85,618 | €37,732 | ▼ 55.9% |
| Plant, machinery and equipment23 | - | €55,837 | €42,089 | €28,341 | €14,593 | ▼ 48.5% |
| Furniture and vehicles24 | - | €2,645 | €35,056 | €32,134 | €4,714 | ▼ 85.3% |
| Leasing and similar rights25 | - | - | - | €25,142 | €18,424 | ▼ 26.7% |
| Current assets29/58 | €59,042 | €85,596 | €166,568 | €708,204 | €566,287 | ▼ 20.0% |
| Amounts receivable after more than one year29 | - | - | €61,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | €61,000 | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €23,376 | €31,942 | €20,550 | €3,820 | €70,000 | ▲ 1,732% |
| Stocks30/36 | - | €31,942 | €20,550 | €3,820 | €70,000 | ▲ 1,732% |
| Amounts receivable within one year40/41 | €33,619 | €32,566 | €63,127 | €189,871 | €221,906 | ▲ 16.9% |
| Trade receivables40 | - | €22,958 | €63,127 | €172,582 | €156,250 | ▼ 9.5% |
| Other amounts receivable41 | - | €9,608 | - | €17,289 | €65,655 | ▲ 280% |
| Cash at bank and in hand54/58 | €726 | €19,047 | €17,046 | €5,452 | €2,867 | ▼ 47.4% |
| Deferred charges and accrued income490/1 | - | €2,041 | €4,845 | €409,061 | €171,514 | ▼ 58.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,442 | €144,779 | €243,713 | €793,822 | €604,018 | ▼ 23.9% |
| Equity10/15 | -€1,043 | €56,588 | €81,493 | €133,867 | €146,638 | ▲ 9.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,243 | €37,988 | €62,893 | €115,267 | €128,038 | ▲ 11.1% |
| Amounts payable17/49 | €61,486 | €88,191 | €162,220 | €659,955 | €457,380 | ▼ 30.7% |
| Amounts payable after more than one year17 | - | - | €23,095 | €33,467 | €18,479 | ▼ 44.8% |
| Financial debts170/4 | - | - | €23,095 | €33,467 | €18,479 | ▼ 44.8% |
| Amounts payable within one year42/48 | €61,486 | €87,587 | €137,625 | €624,988 | €437,400 | ▼ 30.0% |
| Current portion of amounts payable after more than one year42 | - | - | €7,076 | €14,359 | €14,912 | ▲ 3.9% |
| Financial debts43 | - | - | €4,359 | €4,129 | €1,966 | ▼ 52.4% |
| Credit institutions430/8 | - | - | €4,359 | €4,129 | €1,966 | ▼ 52.4% |
| Trade debts44 | €22,308 | €39,778 | €69,508 | €468,446 | €336,125 | ▼ 28.2% |
| Suppliers440/4 | - | €39,778 | €69,508 | €468,446 | €336,125 | ▼ 28.2% |
| Taxes, remuneration and social security45 | - | €40,226 | €52,408 | €138,054 | €84,397 | ▼ 38.9% |
| Taxes450/3 | - | €39,542 | €43,146 | €123,822 | €84,397 | ▼ 31.8% |
| Remuneration and social security454/9 | - | €684 | €9,262 | €14,231 | - | - |
| Other amounts payable47/48 | - | €7,583 | €4,275 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €604 | €1,500 | €1,500 | €1,500 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,446 | €52,814 | €24,905 | €52,374 | €12,772 | ▼ 75.6% |
| + Depreciation and write-downs630 | €700 | €13,675 | €23,428 | €32,427 | €22,848 | ▼ 29.5% |
| Operating cash flow (approximation) | €5,146 | €66,489 | €48,332 | €84,801 | €35,620 | ▼ 58.0% |
| Investment in fixed assets (approximation) | - | -€71,457 | -€41,390 | -€40,900 | €25,038 | ▲ 161% |
| Change in cash | - | €18,321 | -€2,002 | -€11,594 | -€2,585 | ▲ 77.7% |
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
2026
24-03
State Gazette act
Resignations & appointmentsJudgment · Judicial annulment · Dissolution revocation3 facts ▸
State Gazette act
Resignations & appointments
Judgment · Judicial annulment · Dissolution revocation3 facts ▸
- Judgment, 26/01/2026
- Judicial annulment, jugement du 8 décembre 2025
- Dissolution revocation, 26/01/2026
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 161 days late
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 513 days late
2023
31-12
Financial
Equity above €100,000Eq €133,867 ▲64.3%
4 profitable years in a row build equity to €133,867.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €52,814 ▲1,088%
Net result €52,814, the highest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,446
Net result €4,446 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2016
Ground area
2,685 m²
Building footprint
249 m²
Volume, LiDAR
1,504 m³
Parcel 25003M0224/00D000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drève Maréchal Masséna 8, 1470 Genappe
since 20162.254.203.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003M0224/00D000 | Wallonia | 2,685 m² | 1 · 248 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,437 companies in sector 86995 we hold annual accounts for 886. 682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655724552
Also
9925:BE0655724552
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.