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Complete company report
Generated 21-07-2026
Active BE 0661.948.586Private limited company (pre-2019)Open bankruptcy

MTSA

· 9 yrs active
Sector: Retail trade (47789)
Conclusion Checked

A bankruptcy procedure is open for MTSA according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2018 annual accounts show equity of €130k and a net result of €110k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €130k
Net result €110k
Active 9 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health15Profitability100Solvency100Growth50Stability0
53 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 15
Profitability 100
Solvency 100
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2018 · computed
15 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-08-2019 with the NBB · fiscal year 2018 · micro
Fiscal year2018
Revenue-
EBITDA€49k
Net profit€110k
Cash flow€111k
Staff costs-
Income taxes€10k
Dividends-
Total assets€149k
Equity€130k
Debt€19k
of which ≤ 1y€19k
of which > 1y-
Working capital€125k
Employees (FTE)-
Ratios (computed)
2018
Current ratio7.52
Quick ratio5.04
Working capital ratio83.9%
Solvency87.1%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA73.4%
ROE84.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€149k
Fixed assets 21/28€5k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€2k
Current assets 29/58€145k
Stocks & contracts in progress 3€48k
Amounts receivable within one year 40/41€31k
Cash & bank 54/58€66k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€149k
Equity 10/15€130k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€110k
Amounts payable 17/49€19k
Amounts payable within one year 42/48€19k
Trade debts payable within one year 44€17k
Income statement
Gross operating margin 9900€63k
Operating result 9901€48k
Financial income 75€613
Financial charges 65€2k
Result before taxes 9903€47k
Income taxes 67/77€10k
Net result for the period 9904€37k
Result to be appropriated 9905€37k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator VERONIQUE LEBRUN
CHAUSSEE DE LOUVAIN 241, 1410 WATERLOO- . Date provisoire de cessation de paiement : 28/02/2022
 28-02-2022 → present Belgian State Gazette
Legal Structure
NACE primary Retail trade(47789)
Legal form Private limited company (pre-2019)(015)
Incorporation05-09-2016
StatusActive
Postal code-
First BS signal 08-03-2022
Latest BS signal 08-03-2022
Company structure, linked entities1 linked entities
MTSABE 0661.948.586VERONIQUE LEBRUNReceiver
Mandates
Establishment units 1 location
MTSA
Avenue Eugène Mascaux 380, 6001 CharleroiHandelsbemiddeling in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden (bv ambulances)
since 20162.256.326.502
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56057A0869/00E002 Wallonia 336 m² 1 · 154 m² 11.7 m · 3 fl.
52392C0162/00Z006indicative Wallonia 150 m² 1 · 72 m² 10.1 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
15-12-2023
KBO administration Address struck
2022
08-03-2022
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · MTSA SPRL GRAND-RUE 9, 7140 MORLANWELZ · event 28-02-2022
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
21-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
05-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
Lifecycle & Insolvency Signals 2 events
15-12-2023
KBO administration Address struck
 · Publications in State Gazette ↗
08-03-2022
Bankruptcy Opening
Date: 28-02-2022 · Tribunal de l’entreprise du Hainaut, division Charleroi · MTSA SPRL GRAND-RUE 9, 7140 MORLANWELZ · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-03-08 · Bankruptcy · Opening2023-12-15 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels, n.e.g.47789Overige detailhandel in nieuwe artikelen neg47789Groothandel in tabaksproducten46350Groothandel in tabaksproducten46350
Primary activity highlighted.
Names & trade names
Legal nameFR MTSA
Registration history
  1. 15-12-2023 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative