MTTS CONCEPT
ActiveSummary
MTTS CONCEPT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,361) and a net result of -€122,990. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency17▼-36
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.43 in 2024; short-term debt: 87.4% and cash: 7.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-7.7%
Return on assets
-46.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€20,361
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
42 d early
2023
28 d early
2022
27 d early
2021
27 d early
2020
18 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€122,990
2024 · €1,549
Working capital
-€49,408
2024 · €80,146
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,606▲ 0.5%€24,020▲ 76.5%€11,048▼ 54.0%€15,165▲ 37.3%-€117,971
Net result€8,792below the sector's middle half▲ 60.5%€16,614within the sector's middle half▲ 89.0%€5,965within the sector's middle half▼ 64.1%€1,549below the sector's middle half▼ 74.0%-€122,990below the sector's middle half
Equity€78,502below the sector's middle half▲ 12.6%€95,116below the sector's middle half▲ 21.2%€101,081below the sector's middle half▲ 6.3%€102,629below the sector's middle half▲ 1.5%-€20,361below the sector's middle half
Total assets€379,326below the sector's middle half▲ 14.4%€380,168below the sector's middle half▲ 0.2%€384,956below the sector's middle half▲ 1.3%€360,591below the sector's middle half▼ 6.3%€264,741below the sector's middle half▼ 26.6%
Debt€300,824▲ 14.9%€285,052▼ 5.2%€283,875▼ 0.4%€257,961▼ 9.1%€285,103▲ 10.5%
Working capital€132,953within the sector's middle half▲ 17.2%€118,917within the sector's middle half▼ 10.6%€108,777within the sector's middle half▼ 8.5%€80,146below the sector's middle half▼ 26.3%-€49,408below the sector's middle half
Solvency20.7%within the sector's middle half▼ 0.3pp25.0%within the sector's middle half▲ 4.3pp26.3%within the sector's middle half▲ 1.2pp28.5%within the sector's middle half▲ 2.2pp-7.7%below the sector's middle half▼ 36.2pp
Current ratio1.74within the sector's middle half▼ 0.161.73within the sector's middle half▼ 0.021.56within the sector's middle half▼ 0.171.43within the sector's middle half▼ 0.130.79below the sector's middle half▼ 0.64
Return on assets (ROA)2.3%within the sector's middle half▲ 0.7pp4.4%within the sector's middle half▲ 2.1pp1.5%within the sector's middle half▼ 2.8pp0.4%within the sector's middle half▼ 1.1pp-46.5%below the sector's middle half▼ 46.9pp
Staff (FTE)4.4within the sector's middle half=4.7within the sector's middle half▲ 6.8%5.7within the sector's middle half▲ 21.3%5.7within the sector's middle half=5.8within the sector's middle half▲ 1.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €117,971 after €15,165 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264,741
Fixed assets
€82,872 ▼ 11.5%
Current assets
€181,869 ▼ 31.9%
Key figures and ratios
EBITDA
-€82,725▼
2024 · €42,973
Cash flow
-€87,745▼
2024 · €29,356
Quick ratio
0.62▼
2024 · 1.14
Debt to equity
-14.00▼
2024 · 2.51
Interest coverage
-9.60▼
2024 · 3.21
Debt ≤ 1 year
€231,277▲
2024 · €186,815
Debt > 1 year
€43,711▼
2024 · €66,167
Income taxes
-€947▼
2024 · €985
Staff costs
€320,798▲
2024 · €313,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,300 | €2,487 | €4,904 | €1,285 | €1,601 | ▲ 24.6% |
| Remuneration, social security and pensions62 | €220,500 | €238,403 | €321,227 | €313,435 | €320,798 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,730 | €30,802 | €27,803 | €27,808 | €35,246 | ▲ 26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,018 | - | €5,033 | - | €3,092 | - |
| Other operating charges640/8 | €1,926 | €1,796 | €1,710 | €5,980 | €6,123 | ▲ 2.4% |
| Non-recurring operating charges66A | €202 | €399 | €440 | €1,691 | €223 | ▼ 86.8% |
| Gross operating margin9900 | €263,981 | €295,419 | €367,261 | €364,079 | €247,511 | ▼ 32.0% |
| Operating profit (loss)9901 | €13,606 | €24,020 | €11,048 | €15,165 | -€117,971 | ▼ 878% |
| Financial income75/76B | €2,047 | €81 | €83 | €738 | €2,651 | ▲ 259% |
| Recurring financial income75 | €2,047 | €81 | €83 | €738 | €2,651 | ▲ 259% |
| Financial charges65/66B | €6,007 | €6,986 | €4,388 | €13,370 | €8,618 | ▼ 35.5% |
| Recurring financial charges65 | €6,007 | €6,986 | €4,388 | €13,370 | €8,618 | ▼ 35.5% |
| Profit (loss) for the period before taxes9903 | €9,646 | €17,114 | €6,742 | €2,534 | -€123,938 | ▼ 4,992% |
| Income taxes67/77 | €854 | €500 | €778 | €985 | -€947 | ▼ 196% |
| Profit (loss) for the period9904 | €8,792 | €16,614 | €5,965 | €1,549 | -€122,990 | ▼ 8,042% |
| Profit (loss) for the period to be appropriated9905 | €8,792 | €16,614 | €5,965 | €1,549 | -€122,990 | ▼ 8,042% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379,326 | €380,168 | €384,956 | €360,591 | €264,741 | ▼ 26.6% |
| Fixed assets21/28 | €67,414 | €97,463 | €81,884 | €93,629 | €82,872 | ▼ 11.5% |
| Intangible fixed assets21 | €1,616 | €15 | - | - | €5,874 | - |
| Tangible fixed assets22/27 | €65,116 | €96,766 | €81,202 | €92,947 | €76,316 | ▼ 17.9% |
| Plant, machinery and equipment23 | €16,761 | €17,561 | €12,914 | €26,658 | €30,496 | ▲ 14.4% |
| Furniture and vehicles24 | €4,281 | €5,796 | €12,634 | €43,647 | €8,414 | ▼ 80.7% |
| Leasing and similar rights25 | €12,284 | €6,142 | - | €894 | €24,382 | ▲ 2,627% |
| Other tangible fixed assets26 | €31,790 | €67,267 | €55,653 | €21,748 | €13,024 | ▼ 40.1% |
| Financial fixed assets28 | €682 | €682 | €682 | €682 | €682 | = |
| Current assets29/58 | €311,911 | €282,704 | €303,072 | €266,962 | €181,869 | ▼ 31.9% |
| Stocks and contracts in progress3 | €73,450 | €63,430 | €62,630 | €53,280 | €37,550 | ▼ 29.5% |
| Stocks30/36 | €19,380 | €17,850 | €11,350 | €12,000 | €10,150 | ▼ 15.4% |
| Contracts in progress37 | €54,070 | €45,580 | €51,280 | €41,280 | €27,400 | ▼ 33.6% |
| Amounts receivable within one year40/41 | €152,942 | €145,570 | €138,628 | €121,915 | €101,673 | ▼ 16.6% |
| Trade receivables40 | €131,485 | €131,359 | €122,261 | €106,312 | €85,764 | ▼ 19.3% |
| Other amounts receivable41 | €21,457 | €14,210 | €16,367 | €15,603 | €15,909 | ▲ 2.0% |
| Cash at bank and in hand54/58 | €75,300 | €63,831 | €92,883 | €74,109 | €20,833 | ▼ 71.9% |
| Deferred charges and accrued income490/1 | €10,219 | €9,874 | €8,931 | €17,658 | €21,813 | ▲ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379,326 | €380,168 | €384,956 | €360,591 | €264,741 | ▼ 26.6% |
| Equity10/15 | €78,502 | €95,116 | €101,081 | €102,629 | -€20,361 | ▼ 120% |
| Contributions10/11 | €44,406 | €44,406 | €44,406 | €44,406 | €44,406 | = |
| Reserves13 | €2,820 | €2,820 | €2,820 | €2,820 | €2,820 | = |
| Non-distributable reserves130/1 | €2,820 | €2,820 | - | - | - | - |
| Reserves not available under the articles1311 | €2,820 | €2,820 | - | - | - | - |
| Distributable reserves133 | - | - | €2,820 | €2,820 | €2,820 | = |
| Profit (loss) carried forward14 | €31,275 | €47,889 | €53,854 | €55,403 | -€67,588 | ▼ 222% |
| Amounts payable17/49 | €300,824 | €285,052 | €283,875 | €257,961 | €285,103 | ▲ 10.5% |
| Amounts payable after more than one year17 | €121,865 | €121,265 | €89,580 | €66,167 | €43,711 | ▼ 33.9% |
| Financial debts170/4 | €64,431 | €62,147 | €49,029 | €29,616 | €27,797 | ▼ 6.1% |
| Other amounts payable178/9 | €57,434 | €59,117 | €40,551 | €36,551 | €15,914 | ▼ 56.5% |
| Amounts payable within one year42/48 | €178,959 | €163,787 | €194,295 | €186,815 | €231,277 | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | €12,126 | €14,891 | €10,991 | €16,920 | €22,281 | ▲ 31.7% |
| Financial debts43 | €50,000 | - | €25,000 | €40,000 | €50,000 | ▲ 25.0% |
| Credit institutions430/8 | €50,000 | - | €25,000 | €40,000 | €50,000 | ▲ 25.0% |
| Trade debts44 | €92,120 | €108,974 | €111,105 | €63,650 | €94,471 | ▲ 48.4% |
| Suppliers440/4 | €92,120 | €108,974 | €111,105 | €63,650 | €94,471 | ▲ 48.4% |
| Advances received on contracts in progress46 | €1,030 | - | - | - | €1,030 | - |
| Taxes, remuneration and social security45 | €20,316 | €37,550 | €45,953 | €42,847 | €38,586 | ▼ 9.9% |
| Taxes450/3 | - | €9,470 | €6,901 | €5,334 | €5,056 | ▼ 5.2% |
| Remuneration and social security454/9 | €20,316 | €28,080 | €39,052 | €37,513 | €33,530 | ▼ 10.6% |
| Other amounts payable47/48 | €3,368 | €2,372 | €1,246 | €23,398 | €24,908 | ▲ 6.5% |
| Accrued charges and deferred income492/3 | - | - | - | €4,979 | €10,115 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,792 | €16,614 | €5,965 | €1,549 | -€122,990 | ▼ 8,042% |
| + Depreciation and write-downs630 | €26,730 | €30,802 | €27,803 | €27,808 | €35,246 | ▲ 26.7% |
| Operating cash flow (approximation) | €35,521 | €47,416 | €33,768 | €29,356 | -€87,745 | ▼ 399% |
| Investment in fixed assets (approximation) | - | -€60,851 | -€12,224 | -€39,553 | -€24,489 | ▲ 38.1% |
| Change in cash | - | -€11,469 | €29,051 | -€18,774 | -€53,276 | ▼ 184% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
10-07
State Gazette act
Appointment: Goossens Amaury (director)5 facts ▸
State Gazette act
Appointment: Goossens Amaury (director)
5 facts ▸
- General meeting, unanimité des voix, nomination d'administrateur
- Director appointment, Goossens Amaury (director)
- Director in office, Bouharmont Alain (director)
- Director in office, Leclaire Philippe (director)
- Director in office, Goossens Amaury (director)
2025
31-12
Financial
Weakest financial yearnet -€122,990
Net result drops to -€122,990, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €100,000Eq €101,081 ▲6.3%
5 profitable years in a row build equity to €101,081.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €16,614 ▲89%
Operating result €24,020, net result €16,614, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5,562
Net result €5,562 after one loss-making year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Goossens Amaury
CurrentDirector · since 10-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Perwez · 1 establishment unit since 2008
Ground area
2,231 m²
Building footprint
759 m²
Volume, LiDAR
3,697 m³
Parcel 25084C0577/00C002, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue des Blés d'Or 8, 1360 Perwez
since 20082.170.145.960
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0577/00C002 | Wallonia | 2,231 m² | 1 · 759 m² | 6.4 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Goossens Amaury |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
19.86%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
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Of 734 companies in sector 46820 we hold annual accounts for 388. 183 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
Founded19-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46820Wholesale trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896575057
Registered
14-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.