MTS LOGISTICS

Active

Private limited companyfounded 20215 yrs activeMuizenvenstraat 2, 2300 Turnhout, BelgiumKBO/BCE: BE 0769.557.814

The computed 12-month bankruptcy probability of MTS LOGISTICS is 5.0% (elevated). The 2024 annual accounts show negative equity (€-168k) and a net result of €-181k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1845 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▼ -13 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency33▲+26

Growth32=

Stability94

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.44 against 0.78 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-26.9%

Return on assets

-29%

Age of the figures

20 mo

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year -€168k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

30 d late

2022

30 d late

2021

9 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€-168k

2023 · €13k

2021: €25k 2022: €28k 2023: €13k

2021 → 2024

Total assets

€624k▼ 10.9%

2023 · €700k

2021: €173k 2022: €555k 2023: €700k

2021 → 2024

Net result

€-181k▼ 1,126%

2023 · €-15k

2021: €304 2022: €2k 2023: €-15k

2021 → 2024

Working capital

€-298k▼ 210%

2023 · €-96k

2021: €25k 2022: €-46k 2023: €-96k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€25k-€28k▲ 8.8%€13k▼ 53.9%€-168k

Operating result€2k-€12k▲ 514%€5k▼ 56.0%€-143k

Net result€304-€2k▲ 630%€-15k€-181k▼ 1,126%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €143k after €5k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €624k

62.7%

37.3%

Fixed assets €391k▲ 7.0%

Current assets €233k▼ 30.4%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-72k▼

2023 · €46k

Cash flow

€-109k▼

2023 · €26k

Solvency

-26.9%▼

2023 · 1.8%

Current ratio

0.44▼

2023 · 0.78

Quick ratio

0.44▼

2023 · 0.78

Debt / equity

-4.71▼

2023 · 54.21

ROE

107.5%▲

2023 · -116.3%

ROA

-29.0%▼

2023 · -2.1%

Interest coverage

-1.93▼

2023 · 2.29

Debt

€792k▲

2023 · €687k

Debt ≤ 1 year

€530k▲

2023 · €430k

Debt > 1 year

€262k▲

2023 · €247k

Staff costs

€863k▲

2023 · €797k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€700k€624k▼

Formation expenses20€0€0=

Fixed assets21/28€366k€391k▲

Tangible fixed assets22/27€366k€391k▲

Furniture and vehicles24€18k€20k▲

Leasing and similar rights25€348k€372k▲

Current assets29/58€334k€233k▼

Amounts receivable within one year40/41€301k€175k▼

Trade receivables40€277k€151k▼

Other amounts receivable41€24k€23k▼

Cash at bank and in hand54/58€24k€34k▲

Deferred charges and accrued income490/1€10k€24k▲

Equity and liabilities

Total equity and liabilities10/49€700k€624k▼

Equity10/15€13k€-168k▼

Contributions10/11€25k€25k=

Profit (loss) carried forward14€-12k€-193k▼

Amounts payable17/49€687k€792k▲

Amounts payable after more than one year17€247k€262k▲

Financial debts170/4€247k€262k▲

Amounts payable within one year42/48€430k€530k▲

Current portion of amounts payable after more than one year42€79k€62k▼

Financial debts43€87k€90k▲

Credit institutions430/8€87k€90k▲

Trade debts44€181k€285k▲

Suppliers440/4€181k€285k▲

Taxes, remuneration and social security45€83k€93k▲

Taxes450/3€2k€2k=

Remuneration and social security454/9€81k€91k▲

Accrued charges and deferred income492/3€10k-

Income statement Code20232024

Non-recurring operating income76A€7k-

Remuneration, social security and pensions62€797k€863k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€72k▲

Other operating charges640/8€20k€11k▼

Gross operating margin9900€863k€802k▼

Operating profit (loss)9901€5k€-143k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€20k€37k▲

Recurring financial charges65€20k€37k▲

Profit (loss) for the period before taxes9903€-15k€-181k▼

Profit (loss) for the period9904€-15k€-181k▼

Profit (loss) for the period to be appropriated9905€-15k€-181k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€-193k▼

Profit (loss) brought forward from the previous period14P€2k€-12k▼

Social balance

Average headcount (FTE)908712.812.9▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 28 days late

2024

31-12

Financial Weakest financial yearnet €-181k

Net result drops to €-181k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 30 days late

2022

31-12

Financial Highest result since 2021net €2k ▲630%

Operating result €12k, net result €2k, both a record.

09-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 9 days late

Financial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.