Turnover
≈ €300,000 estimated
The micro format states no turnover.
MTVM
Overview
Lifetime
1 annual account with figurespeak €64,550 (2025)
€64,550
peak €24,625 (2025)
€24,625
peak €26,792 (2025)
€26,792
€142,861
Board1 name since 2024
1 directorVAN MELKEBEKE Steffen
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Dividend €833First year with figures
Key points
from the 2025 annual accountsDebts
€142,861 84% of the balance sheet
Financial debts 25%Suppliers 9%Taxes and wages 6%Other 59%
Of this, €106,668 falls due within a year.
Starting capital
€3,000 300 shares
2025 accounts filed 28 days after the deadline
Checked score
64
Healthy
Financially stronger than 49% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.6%
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 2.0%▲ +0.3 percentage points vs 12-2025
02-2026: 2.1%▲ +0.1 percentage points vs 01-2026
03-2026: 2.4%▲ +0.3 percentage points vs 02-2026
04-2026: 2.6%▲ +0.2 percentage points vs 03-2026
05-2026: 2.6%● unchanged vs 04-2026
06-2026: 2.6%● unchanged vs 05-2026
07-2026: 2.5%▼ -0.1 percentage points vs 06-2026
08-2026: 2.8%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 1.5%▼ -1.3 percentage points vs 08-2026lowest value
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Size: total assets €169,653
Equity €26,792 (15.8% of total assets)
lowers risk
Liquidity: current ratio 0.94, cash €31,654
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 28% of them on solvency, 38% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as MTVM has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MTVM itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for MTVM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94, below 1. Short-term debt is 62.9% and cash 18.7% of total assets. 84.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
28 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013640496
Incorporation
Founding capital of €3,000, 300 shares · Founder: VAN MELKEBEKE Steffen (comparant,oprichter) · Appointment: VAN MELKEBEKE Steffen (director) · published on 18-09-2024 · Gazette deed
First establishment
Vondelen 96, Haaltert
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTVM Haaltert | €169,653 | €64,550 | 15.8% | - |
| Filling Solution Edegem | €126,655 | €69,865 | 53.0% | - |
| BRISE CONSULT Hasselt | €112,646 | €88,542 | 49.9% | - |
| EMVA Kinrooi | €177,278 | €71,831 | 72.5% | - |
| ReWR Deinze | €140,856 | €77,966 | 48.6% | - |
| KERKHOFS INVEST Oudsbergen | €127,808 | €33,471 | 50.8% | - |
| WALNOC Clavier | €114,062 | €93,130 | 95.9% | - |
These companies have the same main activity as MTVM: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €113,000 and €177,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 16-09-2024Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 1 other
- Establishment unit
- 2.365.068.9459450 Haaltert, since 16-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Insights on MTVM
The computed 12-month bankruptcy probability of MTVM is 1.5% (moderate). The 2025 annual accounts show equity of €26,792 and a net result of €24,625.
Its solvency ranks better than 31% of 13,807 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€64,550
€33,163
€24,625
-€6,202
15.8%
0.94
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €150,000 and €700,000.
Balance sheet
balance sheet total €169,653 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
15.8%
Higher than 31% of 13,807 companies in 2025.
0.94
Higher than 25% of 13,189 companies in 2025.
14.5%
Higher than 76% of 13,367 companies in 2025.
MTVM
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
169,653 | |
21/28 |
69,187 | |
22/27 |
68,787 | |
23 |
14,900 | |
24 |
53,887 | |
28 |
400 | |
29/58 |
100,466 | |
3 |
62,840 | |
30/36 |
62,840 | |
40/41 |
4,977 | |
40 |
2,700 | |
41 |
2,277 | |
54/58 |
31,654 | |
490/1 |
996 | |
| Balance sheet: equity and liabilities | ||
10/49 |
169,653 | |
10/15 |
26,792 | |
10/11 |
3,000 | |
14 |
23,792 | |
17/49 |
142,861 | |
17 |
36,192 | |
170/4 |
36,192 | |
42/48 |
106,668 | |
42 |
14,406 | |
44 |
13,503 | |
440/4 |
13,503 | |
45 |
8,387 | |
450/3 |
8,387 | |
47/48 |
70,373 | |
| Income statement | ||
9900 |
64,550 | |
630 |
30,285 | |
640/8 |
1,056 | |
66A |
47 | |
9901 |
33,163 | |
75/76B |
4 | |
75 |
4 | |
65/66B |
624 | |
65 |
624 | |
9903 |
32,543 | |
67/77 |
7,917 | |
9904 |
24,625 | |
9905 |
24,625 | |
| Appropriation of the result | ||
9906 |
24,625 | |
694/7 |
833 | |
694 |
833 | |
| Document | ||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449702.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00449702 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 63,448 | ||
| 54,910 | ||
| 106,168 | ||
| -6,202 | ||
| 15.8% | ||
| 0.94 | ||
| 0.35 | ||
| 5.33 | ||
| 91.9% | ||
| 14.5% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €105,768 |
| Financial fixed assets | €400 |
| €30,285 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on MTVM
Debt's share of the balance-sheet total is 84.2%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 18-09-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-09-2024
Mandates through the years
1 name, the dashed line is todayVAN MELKEBEKE Steffen
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- VAN MELKEBEKE Steffen
- Director (not named in the articles), appointed by deed of 18-09-2024, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 300
- Contribution per share
- €10
- Equity per share
- €89.31 in 2025
- Source
- deed of 18-09-2024
Articles of association
deed of 18-09-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering die bestuurder(s)benoemt”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 18:00
Shareholders
At incorporation
deed of 18-09-2024 ↗
- VAN MELKEBEKE Steffen 300 shares (100%) · €3,000
Network & group
No group
MTVM has no parent and no holdings in its annual accounts. VAN MELKEBEKE Steffen is the only director. MTVM shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013640496
2024
IncorporationFounding capital of €3,000, 300 shares · Founder: VAN MELKEBEKE Steffen (comparant,oprichter) · Appointment: VAN MELKEBEKE Steffen (director) · published on 18-09-20244 points ▸
- Founder, VAN MELKEBEKE Steffen (comparant,oprichter)
- Founding capital, €3,000, 300 shares
- Registered office clause, Vondelen 96, 9450 Haaltert (Denderhoutem)
- Director appointment, VAN MELKEBEKE Steffen (director (not named in the articles))
- The deed holds 5 more points.
First establishment Vondelen 96, Haaltert
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1013.640.496
- VAT number
- BE 1013.640.496
- Peppol ID
- 0208:1013640496
- Other Peppol ID
- 9925:BE1013640496
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-09-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 18:00deed of 18-09-2024 (in Dutch)
- Peppol
- Reachable since 27-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MTVM in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-09-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-09-2024 (in Dutch)
Activities
NACEBEL 202546140
Agents in the wholesale of industrial machinery, ships and aircraft main activity
Codes under NACEBEL 2008
46140
Wholesale trade main activity
33120
Repair, maintenance and installation of machinery and equipment
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “O&H tractoren en landbouwmachines; Aankoop en verkoop van tractoren en landbouwmachines; Verhuur van tractoren en landbouwmachines…”deed of 18-09-2024 (in Dutch)
8 activities
- O&H tractoren en landbouwmachines
- Aankoop en verkoop van tractoren en landbouwmachines
- Verhuur van tractoren en landbouwmachines
- Loonwerken
- Aankoop en verkoop van rollend materieel
- Fokkerij van paarden
- Aankoop en verkoop van paarden
- Organiseren van events met paarden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Vondelen 96 registered office 9450 Haaltert 01430 Raising of horses and other equines | 16-09-2024 | 2.365.068.945 |
Buildings and parcels at the address
- Ground area
- 1,176 m²
- Buildings
- 223 m²
- Volume, LiDAR
- 1,046 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41010A0370/00K000 | 1,176 m² | 1 · 223 m² | 7.8 m · 2 |
Contact
E-mail
steffen.vanmelkebeke@hotmail.com