MTSM
ActiveSummary
The computed 12-month bankruptcy probability of MTSM is 1.7% (moderate). The 2025 annual accounts show equity of €7k and a net result of €-3k. Its solvency ranks better than 15% of 1034 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability10
Solvency41
Growth-
Track record67
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.54; short-term debt: 84.3% and cash: 5.3% of total assets), and 84.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
15.7%
Return on assets
-7.3%
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 15% of 1034 sector peers (2025).
NBB · sector comparisonPosition among 1034 sector peers
Solvency
better than 15%
← 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 10-08-2026, 10 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 · 1 filingDeviation from the deadline
2025
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€7k
Total assets
€43k
Net result
€-3k
Working capital
€-17k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €43k
Fixed assets
€24k
Current assets
€20k
Equity and liabilities €43k
Equity
€7k
Debt
€36k
Debt finances 84.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€-816
Cash flow
€-964
Current ratio
0.54
Debt to equity
5.35
ROE
-46.6%
ROA
-7.3%
Interest coverage
-22.88
Debt ≤ 1 year
€36k
Income taxes
€112
Staff costs
€51k
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet
Code2025
Assets
Total assets20/58€43k
Fixed assets21/28€24k
Intangible fixed assets21€23k
Tangible fixed assets22/27€677
Furniture and vehicles24€677
Current assets29/58€20k
Amounts receivable within one year40/41€14k
Trade receivables40€10k
Other amounts receivable41€4k
Cash at bank and in hand54/58€2k
Deferred charges and accrued income490/1€3k
Equity and liabilities
Total equity and liabilities10/49€43k
Equity10/15€7k
Contributions10/11€10k
Profit (loss) carried forward14€-3k
Amounts payable17/49€36k
Amounts payable within one year42/48€36k
Trade debts44€2k
Suppliers440/4€2k
Taxes, remuneration and social security45€6k
Taxes450/3€112
Remuneration and social security454/9€6k
Other amounts payable47/48€28k
Income statement
Code2025
Remuneration, social security and pensions62€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k
Other operating charges640/8€550
Gross operating margin9900€51k
Operating profit (loss)9901€-3k
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€36
Recurring financial charges65€36
Profit (loss) for the period before taxes9903€-3k
Income taxes67/77€112
Profit (loss) for the period9904€-3k
Profit (loss) for the period to be appropriated9905€-3k
Appropriation of the result
Profit (loss) to be appropriated9906€-3k
Social balance
Average headcount (FTE)90870.9
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €51k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k |
| Other operating charges640/8 | €550 |
| Gross operating margin9900 | €51k |
| Operating profit (loss)9901 | €-3k |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €36 |
| Recurring financial charges65 | €36 |
| Profit (loss) for the period before taxes9903 | €-3k |
| Income taxes67/77 | €112 |
| Profit (loss) for the period9904 | €-3k |
| Profit (loss) for the period to be appropriated9905 | €-3k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €43k | |
| Fixed assets21/28 | €24k | |
| Intangible fixed assets21 | €23k | |
| Tangible fixed assets22/27 | €677 | |
| Furniture and vehicles24 | €677 | |
| Current assets29/58 | €20k | |
| Amounts receivable within one year40/41 | €14k | |
| Trade receivables40 | €10k | |
| Other amounts receivable41 | €4k | |
| Cash at bank and in hand54/58 | €2k | |
| Deferred charges and accrued income490/1 | €3k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €43k | |
| Equity10/15 | €7k | |
| Contributions10/11 | €10k | |
| Profit (loss) carried forward14 | €-3k | |
| Amounts payable17/49 | €36k | |
| Amounts payable within one year42/48 | €36k | |
| Trade debts44 | €2k | |
| Suppliers440/4 | €2k | |
| Taxes, remuneration and social security45 | €6k | |
| Taxes450/3 | €112 | |
| Remuneration and social security454/9 | €6k | |
| Other amounts payable47/48 | €28k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-3k |
| + Depreciation and write-downs630 | €2k |
| Operating cash flow (approximation) | €-964 |
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
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hulshout · 1 establishment unit since 2025
Ground area
4,152 m²
Building footprint
4,140 m²
Volume, LiDAR
18,326 m³
Parcel 13050B0059/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MTSM
since 20252.369.958.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0059/00R000 | Flanders | 4,152 m² | 1 · 4,140 m² | 9.9 m · 2 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.
Similar companies · same sector, comparable size
RMA WORKS
BE 1030.727.938
Theux · Eq €6,997
Pieter Van Tulder
BE 0899.173.469
Hechtel-Eksel · Eq €6,646
NIROS GROUP
BE 0787.360.678
Sint-Pieters-Leeuw · Eq €6,621
KUM DAMIS SOUDURE
BE 0807.559.741
Marche-en-Famenne · Eq €7,046
SA MOTORS
BE 0702.834.581
Genk · Eq €6,602
Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 601 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
Founded04-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
Contact
E-mail
olivier@montec.beHulshout
Scores and ratios are computed by Checked and are not a credit decision.