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MTronics

Active Private limited company (pre-2019)founded 2017active for 9 yearsDiepestraat 89, 2060 AntwerpKBO/BCE: BE 0671.828.928
MTronics
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €49,409 (2023)
€6,526▼ 84.9%
lowest -€22,583 (2022)
€1,266▼ 84.9%
peak €23,586 (2025)
€23,586▲ 5.7%
€19,633▲ 3.0%
Board4 names since 2020
1 directorAKROUH Abdelmottaleb
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Turnover from €125,161 to €65,487Gross margin from €43,182 to €6,526Result from €8,385 to €1,266Transfer of 100 shares from TAHТАН Moustapha to AKROUH Abdelm… 23-05Investments €1,050Cash from €1,529 to €8,417

Key points

from the 2025 annual accounts

Equity

€23,586 ▲ 5.7%

MTronics has made a profit without a break since 2023.

Turnover

€65,487 ▼ 47.7%
€125,0002024€65,5002025

Turnover fell in 2025 from €125,161 to €65,487.

Investments

€1,050 5.0 × depreciation
20222025

Green is investment, beige is depreciation.

Payment terms

1 day to suppliers
Suppliers
0 to 1
Customers
86 to 147

MTronics pays its suppliers 1 day later than in 2024. Customers pay 61 days later.

Filings

9 annual accounts 6 late
AprilJune31 JulyOctober20202025

The 2019 accounts came latest: 108 days after the end of the period.

Position in the sector

€23,586

Less equity than 85% of companies in retail trade. Sector median €447,349 · 5,068 companies.

Checked score

68
Healthy
Financially stronger than 49% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.4% 01-2025: 1.5%▲ +0.1 percentage points vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.4%▼ -0.1 percentage points vs 03-2025 05-2025: 1.3%▼ -0.1 percentage points vs 04-2025 06-2025: 1.2%▼ -0.1 percentage points vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025 08-2025: 1.7%▲ +0.5 percentage points vs 07-2025 09-2025: 2.1%▲ +0.4 percentage points vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.2%▲ +0.1 percentage points vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026highest value 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.0%▼ -0.2 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 0.8%▼ -1.2 percentage points vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value 11-2026: 0.8%● unchanged vs 10-2026lowest value

Financial strength
Strong

80+1equity 54.6% of total assets
52+20short-term debt 45.4% · cash 19.5%
58-22return on assets 2.9%

Score breakdown

raises risk
Size: turnover €65,487, total assets €43,219
2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.08, cash €8,417
Equity €23,586 (54.6% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 68% of them on solvency, 57% on liquidity, 41% on profitability and 29% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 5,047 companies had the same profile as MTronics has now. Each dot stands for 13 companies, two years later.

94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of MTronics itself: 0.8% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 5,047 companies, not a prediction for MTronics. 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

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.08 (2.09 in 2024), above the usual 1.5. Short-term debt is 45.4% and cash 19.5% of total assets. 45.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: turnover €65,487, total assets €43,219
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 2.08, cash €8,417
NBB · annual accounts
lowers risk · Equity €23,586 (54.6% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
4 days early
2024
58 days late
2023
31 days late
2022
46 days early
2021
22 days early
2020
76 days late
2019
108 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AA
AKROUH Abdelmottaleb
Director
  • AKROUH Abdelmottaleb all the sharesdeed of 23-05-2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0671828928
Transfer of 100 shares from TAHТАН Moustapha to AKROUH Abdelmottaleb Appointment: AKROUH Abdelmottaleb (director) · Resignation: TAHТАН Moustapha (director) · AKROUH Abdelmottaleb holds all the shares · General meeting of 21-02-2025 · Gazette deed
Transfer of 100 shares from AKROUH Abdelmottaleb to TAHTAH Moustapha Appointment: TAHTAH Moustapha (manager) · Resignation: AKROUH Abdelmottaleb (manager) · TAHTAH Moustapha holds 100 shares · General meeting of 11-02-2020 · Gazette deed
Transfer of 25 shares from MOJTAR HAMED Brahim to AKROUH Abdelmottaleb Resignation: MOJTAR HAMED Brahim (manager) · AKROUH Abdelmottaleb holds 100 shares · General meeting of 08-02-2020 · Gazette deed
All 19 events

Comparable companies

same main activity, similar in size and age
Company
MTronics Antwerp €65,487 2.0% 54.6% -
DMPcom Etterbeek - - 58.8% -
SAAD 1 Anderlecht €64,583 11.2% 27.5% -
Belgium Aalst - - 46.0% -
INFOTECH CENTER Ixelles - - -221.8% -
Faqirzada Antwerp - - 84.3% -
Clear Solutions Essen - - 74.5% -
-10%0%10%20%€100,000€1m€10m€100m€1bnMTronicsEBIT margin

Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as MTronics: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €40,100 and €63,600, founded between 2014 and 2017.

Official details

Source: KBO
Status
Active since 24-02-2017Normal situation
Activity
Retail sale of information and communication equipmentNACE 47400and 5 others
Establishment unit
2.261.748.7032060 Antwerp, since 01-03-2017
Financial year end
31 December
Peppol
Reachable since 27-12-2025
Company details

Annual accounts 2025

€65,487▼ 47.7%
€1,266▼ 84.9%
€23,586▲ 5.7%
€43,219▲ 4.4%
≈ 0.1 FTEestimated
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Insights on MTronics

MTronics has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,586 and a net result of €1,266.

Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 69% of 5,067 sector peers (NACE 47, financial year 2025).

The computed 12-month bankruptcy probability is 0.8% (low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 27-07-2026, 4 days before the deadline
€65,487
▼ 47.7%
€1,341
▼ 84.3%
€1,551
▼ 85.1%
€1,476
▼ 85.6%
54.6%
▲ 0.6 percentage points
2.08
▼ 0.01

Money flows

of every €100 of turnover, €1.93 remains as profit in 2025

Balance sheet

balance sheet total €43,219 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

54.6%

Higher than 69% of 5,067 companies in 2025.

2.08

Higher than 67% of 4,993 companies in 2025.

2.9%

Higher than 48% of 5,036 companies in 2025.

MTronics Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 43,21941,38456,97625,61933,04331,74713,88815,84812,432
21/28 2,4401,6003,4505,6504,2007,0002484961,221
21 -----0--477
22/27 840-1,8504,6504,2007,000248496744
24 840-1,8504,6504,2007,000248496744
28 1,6001,6001,6001,000-----
29/58 40,77939,78453,52619,96928,84324,74713,64015,35211,211
3 3,8202,16719,67215,24219,34715,85710,84213,28610,272
30/36 3,8202,16719,67215,24219,34715,85710,84213,28610,272
40/41 27,85435,98226,1904,0732,1694,391---
40 26,33129,63426,1904,0732,1694,391---
41 1,5236,348-------
54/58 8,4171,5297,5585487,2214,3932,6921,960833
490/1 688106106106106106106106106
Balance sheet: equity and liabilities
10/49 43,21941,38456,97625,61933,04331,74713,88815,84812,432
10/15 23,58622,32013,93512,79121,02419,5453,223-538-1,194
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,400
10 12,40012,40012,40012,40012,400----
100 18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 6,2006,2006,2006,2006,2006,2006,2006,2006,200
13 988988988988988988188--
130/1 988988988988988988---
130 988988988988988988188--
14 10,1988,932547-5977,6366,157-9,365-12,938-13,594
17/49 19,63319,06443,04112,82812,01912,20210,66516,38613,626
42/48 19,63319,06443,04112,82812,01912,20210,66516,24713,626
44 1847127,5884484482,8753,0592,6284,708
440/4 1847127,5884484482,8753,0592,6284,708
45 19,44918,99315,45312,3803,8472,3131,7915,8042,103
450/3 12,84310,6056,1086,2333,5681,7791,7915,304903
454/9 6,6068,3889,3456,147279534-5001,200
47/48 ----7,7247,0145,8157,8156,815
492/3 -------139-
Income statement
70 65,487125,16194,92470,19262,61252,719--17,885
76A --1,381--10,800-828-
9900 6,52643,18249,40911,84411,53421,0864,2581,375-17,613
60/61 58,96181,97946,89658,34851,07831,633--35,498
62 2,99931,32843,99230,8119,59214,437---
630 2101,8502,8002,8002,800248248725725
640/8 1,9761,4451,364846741755249653204
9901 1,3418,5591,253-22,613-1,5995,6463,761-3-18,542
75/76B ---1083,10310,800-832-
75 -------4-
76B ---1083,10310,800-828-
65/66B 751741097825124-17352
65 751741097825124-17352
9903 1,2668,3851,144-22,5831,47916,3223,761656-18,594
9904 1,2668,3851,144-22,5831,47916,3223,761656-18,594
9905 1,2668,3851,144-22,5831,47916,3223,761656-18,594
Appropriation of the result
9906 10,1988,932547-14,9477,6366,957-9,177-12,938-18,594
14P 8,932547-5977,6366,157----
691/2 -----800188--
6920 -----800188--
794 ---14,350-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 27-07-2026 2026-00335296 PDF
31-12-2024 abbreviated format 27-09-2025 2025-00506937 PDF
31-12-2023 abbreviated format 31-08-2024 2024-00421896 PDF
31-12-2022 abbreviated format 15-06-2023 2023-00128828 PDF
31-12-2021 abbreviated format 09-07-2022 2022-20173652 PDF
31-12-2020 full format 15-10-2021 2021-72000241 PDF
31-12-2019 full format 16-11-2020 2020-70600142 PDF
31-12-2018 full format 18-09-2019 2019-65300056 PDF
31-12-2017 full format 21-09-2018 2018-64000097 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
1,55110,4094,053-19,8131,2015,8944,009722-17,817
1,47610,2353,944-19,7834,27916,5704,0091,381-17,869
1,05006004,25007,000001,946
6,888-6,0297,010-6,6732,8281,7017321,127-
21,14620,72010,4857,14116,82412,5452,975-895-2,415
2.0%6.8%1.3%-32.2%-2.6%10.7%---
54.6%53.9%24.5%49.9%63.6%61.6%23.2%-3.4%-9.6%
2.082.091.241.562.402.031.280.940.82
1.881.970.790.370.790.730.260.130.07
0.830.853.091.000.570.623.31--
5.4%37.6%8.2%-176.6%7.0%83.5%116.7%--
2.9%20.3%2.0%-88.1%4.5%51.4%27.1%4.1%-149.6%
20.6859.8237.18-254.0148.04----
147 days86 days101 days21 days13 days30 days---
1 day0 days215 days3 days3 days33 days--48 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,050--€3,250-
Financial fixed assets--€600€1,000-
€210€1,850€2,800€2,800€2,800

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MTronics

The operating result for 2025 is 84% lower than in 2024.

Debt's share of the balance-sheet total falls from 46.1% to 45.4%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2025
AKROUH Abdelmottaleb
Director
appointed by deed of 23-05-2025
earlier manager, until 11-02-2020

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
AKROUH Abdelmottaleb
Director
TAHТАН Moustapha
Director
TAHTAH Moustapha
Manager
MOJTAR HAMED Brahim
Manager
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • AKROUH Abdelmottaleb
    • Manager, until 11-02-2020
    • Director, appointed by deed of 23-05-2025, still in office
  • TAHТАН Moustapha
    • Director, until 23-02-2025
  • TAHTAH Moustapha
    • Manager, appointed by deed of 03-03-2020, last mentioned in 2020
  • MOJTAR HAMED Brahim
    • Manager, until 09-02-2020

See the board, name and registered office on a given date →

Control

Shareholder
AKROUH Abdelmottaleb
This company
MTronics
Equity €23,586
Profit €1,266 in 2025

Capital

Capital
€12,400
Source
2025 annual accounts

Shareholders

Stated in the deed deed of 23-05-2025 ↗
Share transfer deed of 23-05-2025 ↗

Network & group

No group

MTronics has no parent and no holdings in its annual accounts. AKROUH Abdelmottaleb is the only director. MTronics shares no director with another company.

Timeline

Timeline

19 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 4 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0671828928
Annual accounts 2024 filed PDFabbreviated format · 58 days late
Transfer of 100 shares from TAHТАН Moustapha to AKROUH AbdelmottalebAppointment: AKROUH Abdelmottaleb (director) · Resignation: TAHТАН Moustapha (director) · AKROUH Abdelmottaleb holds all the shares · General meeting of 21-02-20255 points ▸

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFabbreviated format · 31 days late
2023
Back to profit net €1,144 The net result is €1,144, after one loss-making year.
Annual accounts 2022 filed PDFabbreviated format · 46 days before the deadline
2022
Weakest financial year net -€22,583 The net result drops to -€22,583, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFabbreviated format · 22 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · 76 days late
2020
Highest result from 2017 to 2025 net €16,322 ▲334% The net result of €16,322 is the highest of those years.
Annual accounts 2019 filed PDFfull format · 108 days late
Transfer of 100 shares from AKROUH Abdelmottaleb to TAHTAH MoustaphaAppointment: TAHTAH Moustapha (manager) · Resignation: AKROUH Abdelmottaleb (manager) · TAHTAH Moustapha holds 100 shares · General meeting of 11-02-20205 points ▸

Open the deed in the Belgian Official Gazette

Transfer of 25 shares from MOJTAR HAMED Brahim to AKROUH AbdelmottalebResignation: MOJTAR HAMED Brahim (manager) · AKROUH Abdelmottaleb holds 100 shares · General meeting of 08-02-20204 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 49 days late
2018
Back to profit net €656 The net result is €656, after one loss-making year.
Annual accounts 2017 filed PDFfull format · 52 days late
2017
First establishment Diepestraat 89, Antwerp
Incorporation PDFpublished on 28-02-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MTronics was incorporated on 24 February 2017.1 Turnover grew from €52,719 in 2020 to €65,487 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0671.828.928
VAT number
BE 0671.828.928
Peppol ID
0208:0671828928
Other Peppol ID
9925:BE0671828928
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
24-02-2017
Financial year
ends on 31 December
Peppol
Reachable since 27-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MTronics in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
47400 Retail sale of information and communication equipment main activity
46160 Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47559 Retail sale of other household articles
47711 Retail sale of women's outerwear
47716 Retail sale of clothing and accessories for women, men, children and babies (general range)
95290 Repair and maintenance of other personal and household goods
Codes under NACEBEL 2008
47430 Retail trade main activity
46160 Wholesale trade
47599 Retail trade
47711 Retail trade
47716 Retail trade
95290 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles

Registered office and establishments

1 establishment
Establishment Since Unit number
Diepestraat 89 registered office 2060 Antwerp 4616001 Agents in the wholesale of textiles, clothing, fur, footwear and leather goods 01-03-2017 2.261.748.703

Buildings and parcels at the address

Ground area
133 m²
Buildings
133 m²
Volume, LiDAR
949 m³
Tallest building
13.7 m
Buildings to scale, each on its own parcel
133 m², 13.7 m 133 m², 13.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11805E0486/00A005133 m² 1 · 133 m² 13.7 m · 2

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