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MTW

Active
Private limited companyfounded 20233 years activeWaterjufferstraat 2, 2300 Turnhout, BelgiumKBO/BCE: BE 0802.630.755
Summary

The computed 12-month bankruptcy probability of MTW is 4.1% (elevated). The 2025 annual accounts show negative equity (-€14,526) and a net result of €2,108. Its solvency ranks better than 5% of 9,638 sector peers (NACE 46, fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46630
1 site
Size
€9,367total assets 2025
Equity
-€14,526
Profit
€2,108
Turnover not published (abridged schema)
Financial health
48 Fair Checked score 2025
Bankruptcy probability, 12 months
4.1%
Structure
Accounts filed 41 days late1 of 2 deeds read
Why 48- Founded in 2023- Liquidity: current ratio 0.36, cash €12, halved+ Figures for FY 2025 (filed 10-09-2026)+ Size: total assets €9,367Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -155.1% of total assets
Liquidity 0-50
short-term debt 255.1% · cash 0.1%
Profitability 97+97
return on assets 22.5%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.4%▲ +0.3 percentage points vs 11-2024 01-2025: 2.6%▲ +0.2 percentage points vs 12-2024 02-2025: 2.7%▲ +0.1 percentage points vs 01-2025 03-2025: 2.6%▼ -0.1 percentage points vs 02-2025 04-2025: 2.6%● unchanged vs 03-2025 05-2025: 2.8%▲ +0.2 percentage points vs 04-2025 06-2025: 2.9%▲ +0.1 percentage points vs 05-2025 07-2025: 2.9%● unchanged vs 06-2025 08-2025: 2.9%● unchanged vs 07-2025 09-2025: 2.9%● unchanged vs 08-2025 10-2025: 2.9%● unchanged vs 09-2025 11-2025: 2.0%▼ -0.9 percentage points vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 1.9%▼ -0.1 percentage points vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026lowest value 03-2026: 2.0%▲ +0.1 percentage points vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.8%▲ +0.7 percentage points vs 07-2026 09-2026: 3.1%▲ +0.3 percentage points vs 08-2026 10-2026: 4.1%▲ +1.0 percentage point vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.36; short-term debt: 255.1% and cash: 0.1% of total assets), and equity is negative.
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 46, micro): better than 6% on solvency, 2% on liquidity, 89% on profitability and 68% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Figures for FY 2025 (filed 10-09-2026)
NBB · annual accounts
lowers risk · Size: total assets €9,367
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.36, cash €12, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9638 sector peers (2025).
NBB · sector comparison
Position among 9638 sector peers
Solvency
better than 5%
← 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 10-09-2026, 41 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 · 2 filings
Deviation from the deadline
2025
41 days late
2024
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 51 days after 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 months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Director in…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Back to profitnet €2,108

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€14,526 View
  • Caution: Among the weakest 5% on solvencysector median 43.6% · 9,638 companies -155.1% View
  • Total assets 20252 fiscal years filed €9,367 View

By topic

Financials

Fiscal year
2025
Total assets
€9,367
Profit
€2,108
Solvency
-155.1%
Total assets▲ 174%
Net result
20242025
Go to Financials

Timeline

Events
4
Since
2025
Next accounts
by 31-07-2027
  1. 29-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46630
Founded
12-06-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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