MTTECH
ActiveSummary
MTTECH has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,728 and a net result of €14,892. Its solvency ranks better than 46% of 1,671 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
- Staff
- 58.8 FTE
- Equity
- €71,728
- Profit
- €14,892
Why 69raises riskFounded in 2024Size: total assets €171,187lowers riskLiquidity: current ratio 1.39, cash €60,431Equity €71,728 (41.9% of total assets)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 33, micro): better than 48% on solvency, 62% on liquidity, 52% on profitability and 68% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 22 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Resignation: Marcio Moutinho Defieuw (director)Gazette deed
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 62% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,333 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.2% are still going.
- Medium-sized
- solvency 30% or more
- a profit of 5% of the balance sheet or more
- without age
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,333 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €109,161 | €428,813 | ▲ 293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,810 | €9,050 | ▲ 138% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,730 | - |
| Other operating charges640/8 | €2,424 | €4,267 | ▲ 76.0% |
| Gross operating margin9900 | €184,470 | €469,925 | ▲ 155% |
| Operating profit (loss)9901 | €69,076 | €26,064 | ▼ 62.3% |
| Financial income75/76B | €127 | €57 | ▼ 54.9% |
| Recurring financial income75 | €127 | €57 | ▼ 54.9% |
| Financial charges65/66B | €25 | €110 | ▲ 339% |
| Recurring financial charges65 | €25 | €110 | ▲ 339% |
| Profit (loss) for the period before taxes9903 | €69,177 | €26,012 | ▼ 62.4% |
| Income taxes67/77 | €17,341 | €11,120 | ▼ 35.9% |
| Profit (loss) for the period9904 | €51,836 | €14,892 | ▼ 71.3% |
| Profit (loss) for the period to be appropriated9905 | €51,836 | €14,892 | ▼ 71.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €115,577 | €171,187 | ▲ 48.1% |
| Formation expenses20 | €194 | €0 | ▼ 100% |
| Fixed assets21/28 | €16,734 | €32,492 | ▲ 94.2% |
| Tangible fixed assets22/27 | €16,734 | €27,752 | ▲ 65.8% |
| Land and buildings22 | - | €6,411 | - |
| Plant, machinery and equipment23 | €16,734 | €21,342 | ▲ 27.5% |
| Financial fixed assets28 | - | €4,740 | - |
| Current assets29/58 | €98,650 | €138,695 | ▲ 40.6% |
| Amounts receivable within one year40/41 | €38,359 | €78,264 | ▲ 104% |
| Trade receivables40 | €38,359 | €76,884 | ▲ 100% |
| Other amounts receivable41 | - | €1,380 | - |
| Cash at bank and in hand54/58 | €60,291 | €60,431 | ▲ 0.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €115,577 | €171,187 | ▲ 48.1% |
| Equity10/15 | €56,836 | €71,728 | ▲ 26.2% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €20,000 | €34,000 | ▲ 70.0% |
| Distributable reserves133 | €20,000 | €34,000 | ▲ 70.0% |
| Profit (loss) carried forward14 | €31,836 | €32,728 | ▲ 2.8% |
| Amounts payable17/49 | €58,741 | €99,459 | ▲ 69.3% |
| Amounts payable within one year42/48 | €57,672 | €99,459 | ▲ 72.5% |
| Trade debts44 | €16,834 | €22,040 | ▲ 30.9% |
| Suppliers440/4 | €16,834 | €22,040 | ▲ 30.9% |
| Taxes, remuneration and social security45 | €37,684 | €74,954 | ▲ 98.9% |
| Taxes450/3 | €26,420 | €32,173 | ▲ 21.8% |
| Remuneration and social security454/9 | €11,264 | €42,780 | ▲ 280% |
| Other amounts payable47/48 | €3,154 | €2,465 | ▼ 21.9% |
| Accrued charges and deferred income492/3 | €1,069 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €51,836 | €14,892 | ▼ 71.3% |
| + Depreciation and write-downs630 | €3,810 | €9,050 | ▲ 138% |
| Operating cash flow (approximation) | €55,646 | €23,942 | ▼ 57.0% |
| Investment in fixed assets (approximation) | - | -€24,809 | - |
| Change in cash | - | €140 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00325300 |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00167789 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €519 awarded · €519 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marcio Moutinho Defieuw |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
27-07
Gazette deed
Resignation: Marcio Moutinho Defieuw (director)2 facts ▸
- General meeting, 04-06-2026
- Director resignation, Marcio Moutinho Defieuw (director)
26-02
Gazette deed
IncorporationAppointments: VANHAUWAERT Tim (director) and MOUTINHO DEFIEUW Marcio (director) · Founder · Founding capital7 facts ▸
- Incorporation, “MTTECH” (deed in Dutch)
- Founder, VANHAUWAERT Tim
- Founder, MOUTINHO DEFIEUW Marcio
- Founding capital, €5,000
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, VANHAUWAERT Tim (director (not named in the articles))
- Director appointment, MOUTINHO DEFIEUW Marcio (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31003G0061/00P010 | Flanders | 1,342 m² | 1 · 849 m² | 10.8 m · 2 |
| 37012G0339/00E000 | Flanders | 844 m² | 1 · 211 m² | 5.0 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Hoofdactiviteit: 33.12011 - Onderhouds- en herstellingswerken van mechanische aard; Hoofdactiviteit: 43.12001 - Grondverzet…” (deed in Dutch)
26 activities (deed in Dutch)
- Hoofdactiviteit: 33.12011 - Onderhouds- en herstellingswerken van mechanische aard
- Hoofdactiviteit: 43.12001 - Grondverzet : graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven
- Hoofdactiviteit: 43.291 - Isolatiewerkzaamheden
- Hoofdactiviteit: 43.29101 - Aanbrengen in gebouwen en andere bouwwerken van : - thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen
- Hoofdactiviteit: 43.29102 - Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen
- Hoofdactiviteit: 43.39001 - Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Hoofdactiviteit: 43.99201 - Gevelreiniging door middel van zandstralen,met behulp van stoom,enz.
- Hoofdactiviteit: 81.210 - Algemene reiniging van gebouwen
- Hoofdactiviteit: 81.22001 - Reinigen van het interieur van allerlei gebouwen : kantoren,fabrieken,werkplaatsen,allerlei commerciële gebouwen,appartementsgebouwen,enz.
- Hoofdactiviteit: 81.290 - Andere reinigingsactiviteiten
- Reparatie van machines
- Installatie van industriële machines,toestellen en werktuigen
- Reparatie van andere apparatuur
- Overige persoonlijke diensten
- Verlenen van advies op het gebied van beveiliging aan het bedrijfsleven en aan de overheid
- Electriciteitswerken en mechanische werken
- Industrieel mechanisch onderhoud
- Industriële Technieken
- Programmeren van hardware en software
- Service technieker
- Outsourcing technisch personeel
- Automatisering
- Installatietechnieken
- Montagewerken industrie
- Laswerken
- Reorganisatie technische dienst
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 8755 Ruiselede,Scheidingsstraat 10” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 18:00