MTR-PRO
ActiveSummary
The computed 12-month bankruptcy probability of MTR-PRO is 7.9% (elevated). The 2025 annual accounts show negative equity (€-1k) and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-89
Solvency22▼-33
Growth22▼-30
Track record92
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 1.28 in 2024; short-term debt: 72.5% and cash: 13.5% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
-39%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
119 d late
2023
58 d late
2022
101 d late
2021
66 d late
2020
20 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Turnover
€127k▼ 24.5%
2020 · €168k
EBIT margin
4.3%▲ 5.4pp
2020 · -1.1%
Net result
€-22k
2024 · €11k
Working capital
€-12k
2024 · €7k
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
Line20212022202320242025
Turnover€127k▼ 24.5%
Operating result€5k€-7k€7k€15k▲ 118%€-16k
Net result€5k€-8k€4k€11k▲ 170%€-22k
EBIT margin4.3%▲ 5.4pp
Equity€13k▲ 279%€5k▼ 60.7%€9k▲ 80.5%€20k▲ 120%€-1k
Total assets€25k▼ 9.0%€28k▲ 9.6%€81k▲ 191%€67k▼ 16.6%€55k▼ 18.1%
Debt€12k▼ 49.1%€23k▲ 82.4%€72k▲ 216%€47k▼ 34.0%€57k▲ 19.7%
Working capital€12k▲ 379%€4k▼ 67.4%€1k▼ 70.5%€7k▲ 451%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €15k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55k
Fixed assets
€27k ▼ 27.2%
Current assets
€28k ▼ 7.0%
Key figures and ratios
EBITDA
€-6k▼
2024 · €25k
Cash flow
€-11k▼
2024 · €21k
Solvency
-2.6%▼
2024 · 29.8%
Current ratio
0.70▼
2024 · 1.28
Debt to equity
-40.05▼
2024 · 2.35
ROA
-39.0%▼
2024 · 16.3%
Interest coverage
-1.02▼
2024 · 6.64
Debt ≤ 1 year
€40k▲
2024 · €24k
Debt > 1 year
€16k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €127k | - | - | - | - | - |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €121k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €394 | - | €3k | €10k | €10k | ▼ 0.9% |
| Other operating charges640/8 | €407 | - | €892 | - | - | - |
| Non-recurring operating charges66A | €0 | - | €2k | - | - | - |
| Gross operating margin9900 | €6k | €-7k | €12k | €25k | €-6k | ▼ 123% |
| Operating profit (loss)9901 | €5k | €-7k | €7k | €15k | €-16k | ▼ 208% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €796 | €791 | €2k | €4k | €6k | ▲ 50.9% |
| Recurring financial charges65 | €796 | €791 | €2k | €4k | €6k | ▲ 50.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €5k | €-7k | €5k | €11k | €-22k | ▼ 296% |
| Income taxes67/77 | - | €479 | €948 | - | - | - |
| Profit (loss) for the period9904 | €5k | €-8k | €4k | €11k | €-22k | ▼ 296% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-8k | €4k | €11k | €-22k | ▼ 296% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €28k | €81k | €67k | €55k | ▼ 18.1% |
| Fixed assets21/28 | €394 | €1k | €32k | €37k | €27k | ▼ 27.2% |
| Tangible fixed assets22/27 | €394 | €1k | €32k | €37k | €27k | ▼ 27.2% |
| Plant, machinery and equipment23 | €394 | €1k | €647 | €276 | - | - |
| Furniture and vehicles24 | - | - | €31k | €28k | €21k | ▼ 27.1% |
| Leasing and similar rights25 | - | - | - | €8k | €6k | ▼ 25.0% |
| Current assets29/58 | €25k | €27k | €49k | €30k | €28k | ▼ 7.0% |
| Amounts receivable within one year40/41 | €18k | €21k | €36k | €13k | €21k | ▲ 63.1% |
| Trade receivables40 | €18k | €19k | €35k | €10k | €18k | ▲ 74.4% |
| Other amounts receivable41 | €547 | €2k | €1k | €2k | €3k | ▲ 15.9% |
| Cash at bank and in hand54/58 | €6k | €6k | €13k | €17k | €7k | ▼ 56.7% |
| Deferred charges and accrued income490/1 | €492 | - | €458 | €470 | €154 | ▼ 67.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €28k | €81k | €67k | €55k | ▼ 18.1% |
| Equity10/15 | €13k | €5k | €9k | €20k | €-1k | ▼ 107% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | - | - | - | - | - |
| Share premium1100/10 | €6k | - | - | - | - | - |
| Profit (loss) carried forward14 | €7k | €-1k | €3k | €14k | €-8k | ▼ 155% |
| Amounts payable17/49 | €12k | €23k | €72k | €47k | €57k | ▲ 19.7% |
| Amounts payable after more than one year17 | - | - | €24k | €23k | €16k | ▼ 28.6% |
| Financial debts170/4 | - | - | €24k | €23k | €16k | ▼ 28.6% |
| Amounts payable within one year42/48 | €12k | €23k | €48k | €24k | €40k | ▲ 68.6% |
| Current portion of amounts payable after more than one year42 | - | - | €3k | €8k | €6k | ▼ 23.0% |
| Trade debts44 | €11k | €18k | €35k | €10k | €20k | ▲ 98.9% |
| Suppliers440/4 | €11k | €18k | €35k | €10k | €20k | ▲ 98.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €3k | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Remuneration and social security454/9 | €0 | - | - | - | €3k | - |
| Other amounts payable47/48 | €1k | €5k | €10k | €6k | €10k | ▲ 82.0% |
| Accrued charges and deferred income492/3 | - | €29 | - | €421 | €87 | ▼ 79.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-8k | €4k | €11k | €-22k | ▼ 296% |
| + Depreciation and write-downs630 | €394 | - | €3k | €10k | €10k | ▼ 0.9% |
| Operating cash flow (approximation) | €5k | €-8k | €7k | €21k | €-11k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €-624 | €-33k | €-16k | €0 | ▲ 100% |
| Change in cash | - | €-672 | €7k | €4k | €-10k | ▼ 331% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
06-10
KBO administration
Address struck
Théodore Verhaegen- Die Sitzadresse Rue Théodore Verhaegen /
196/202 1060 Saint-Gilles a été radiée avec straat 196/202 1060 Sint-Gillis (bij-Brussel) Théodore Verhaegenstraat 196/202 1060 Saint-
effet le 21/09/2025. · event 21-09-2025
2024
31-12
Financial
Highest result since 2020net €11k ▲170%
Operating result €15k, net result €11k, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2019
Ground area
801 m²
Building footprint
441 m²
Volume, LiDAR
8,413 m³
Parcel 21562A0329/00R012, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MTR-PRO
since 20192.287.579.704
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00R012 | Brussels | 801 m² | 1 · 441 m² | 22.6 m · 6 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 16,039. 11,550 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
Founded01-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
Contact
E-mail
manfredoalves@hotmail.com
Phone
0465610297
Scores and ratios are computed by Checked and are not a credit decision.