MTR Constructions
ActiveSummary
The computed 12-month bankruptcy probability of MTR Constructions is 4.2% (elevated). The 2025 annual accounts show equity of €18,395 and a net result of €14,491. Its solvency ranks better than 24% of 7524 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+72
Solvency42▼-58
Growth78
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.24; short-term debt: 79.8% and cash: 33.6% of total assets), and 82.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.5%
Return on assets
13.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7524 sector peers (2025).
NBB · sector comparisonPosition among 7524 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 2 filingsDeviation from the deadline
2025
39 d late
2024
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,395▲ 371%
2024 · €3,904
Total assets
€105,292▲ 2,330%
2024 · €4,333
Net result
€14,491
2024 · -€11,096
Working capital
€20,312▲ 420%
2024 · €3,904
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
Line20242025
Operating result-€11,057-€15,315
Net result-€11,096-€14,491
Equity€3,904-€18,395▲ 371%
Total assets€4,333-€105,292▲ 2,330%
Debt€429-€86,897▲ 20,159%
Working capital€3,904-€20,312▲ 420%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,315 after a loss of €11,057 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,292
Fixed assets
€950
Current assets
€104,342
Equity and liabilities €105,292
Equity
€18,395 ▲ 371%
Debt
€86,897 ▲ 20,159%
Debt's share of the balance-sheet total rises from 9.9% to 82.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.24
Debt to equity
4.72
ROE
78.8%
ROA
13.8%
Debt ≤ 1 year
€84,030▲
2024 · €429
Income taxes
€944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €267 | - |
| Gross operating margin9900 | -€11,057 | €15,582 | ▲ 241% |
| Operating profit (loss)9901 | -€11,057 | €15,315 | ▲ 239% |
| Financial income75/76B | €34 | €188 | ▲ 446% |
| Recurring financial income75 | €34 | €188 | ▲ 446% |
| Financial charges65/66B | €74 | €68 | ▼ 7.4% |
| Recurring financial charges65 | €74 | €68 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | -€11,096 | €15,435 | ▲ 239% |
| Income taxes67/77 | - | €944 | - |
| Profit (loss) for the period9904 | -€11,096 | €14,491 | ▲ 231% |
| Profit (loss) for the period to be appropriated9905 | -€11,096 | €14,491 | ▲ 231% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4,333 | €105,292 | ▲ 2,330% |
| Fixed assets21/28 | - | €950 | - |
| Financial fixed assets28 | - | €950 | - |
| Current assets29/58 | €4,333 | €104,342 | ▲ 2,308% |
| Amounts receivable within one year40/41 | €1,653 | €68,954 | ▲ 4,070% |
| Trade receivables40 | €519 | €64,992 | ▲ 12,423% |
| Other amounts receivable41 | €1,134 | €3,962 | ▲ 249% |
| Cash at bank and in hand54/58 | €2,679 | €35,330 | ▲ 1,219% |
| Deferred charges and accrued income490/1 | - | €58 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4,333 | €105,292 | ▲ 2,330% |
| Equity10/15 | €3,904 | €18,395 | ▲ 371% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€11,096 | €3,395 | ▲ 131% |
| Amounts payable17/49 | €429 | €86,897 | ▲ 20,159% |
| Amounts payable within one year42/48 | €429 | €84,030 | ▲ 19,491% |
| Trade debts44 | €429 | €79,997 | ▲ 18,550% |
| Suppliers440/4 | €429 | €79,997 | ▲ 18,550% |
| Taxes, remuneration and social security45 | - | €4,034 | - |
| Taxes450/3 | - | €4,034 | - |
| Accrued charges and deferred income492/3 | - | €2,867 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€11,096 | €14,491 | ▲ 231% |
| Operating cash flow (approximation) | -€11,096 | €14,491 | ▲ 231% |
| Change in cash | - | €32,651 | - |
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
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 39 days late
2025
31-12
Financial
Back to profitnet €14,491
Net result €14,491 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2023
Ground area
137 m²
Building footprint
80 m²
Volume, LiDAR
1,295 m³
Parcel 21007A0049/00K007, Brussels · tallest building 21.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MTR Constructions
since 20232.351.468.555
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0049/00K007 | Brussels | 137 m² | 1 · 80 m² | 21.5 m · 5 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 29,787 companies in sector 41001 we hold annual accounts for 16,037. 11,323 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
Founded15-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.