MTZ CONSTRUCT
ActiveSummary
MTZ CONSTRUCT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €358,805. Equity is growing by about 38% per year across the filed financial years. Its solvency ranks better than 34% of 1,235 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Machining of metals
NACE 25530
5th largest company by total assets in Rijkevorsel, Manufacturing sector1 site
Size
€3.5mtotal assets 2025
- Staff
- 6.2 FTE
- Equity
- €1.2m
- Profit
- €358,805
Turnover not published (abbreviated format)
Structure
- Gunter VERLINDENManaging director
- Karien VAN DEN BOSSCHEDirector
2025 accounts 77 days early4 of 8 deeds summarised
Why 82raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Liquidity: current ratio 1.31, cash €234,534lowers riskFigures for financial year 2025 (filed 19-05-2026)Profit of €358,805 (financial year 2025)Show the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 25, micro)
Financial strength · tick = 2024
Strong
Solvency
58+9
equity 33.2% of total assets
Liquidity
43+2
short-term debt 34.4% · cash 6.7%
Profitability
82+77
return on assets 10.2%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.8 percentage points vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.5%▲ +0.2 percentage points vs 02-2026
04-2026: 1.7%▲ +0.2 percentage points vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -1.3 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.31, compared with 1.06 in 2024, below the usual 1.5; short-term debt: 34.4% and cash: 6.7% of total assets), and 66.8% of the assets are financed with debt and provisions.
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 25, micro): better than 36% on solvency, 32% on liquidity, 66% on profitability and 85% on growth.
The bankruptcy probability was computed on 23-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-05-2026, 77 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
77 days early
2024
64 days early
2023
49 days early
2022
24 days early
2021
33 days early
2020
61 days early
2019
122 days 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 61 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- RestructuringMerger · Director in office…
- RestructuringMerger · Director in office…
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2025, abbreviated format
In the rankings
#5 company by total assets in Rijkevorsel, Manufacturing sector#7 company by equity in Rijkevorsel, Manufacturing sector
Turnover
€6.5m
EBIT margin
2.1%
Net result
€358,805
2024 · -€373,573
Working capital
€373,882▲ 366%
2024 · €80,277
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €428,641 after a loss of €287,711 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.4m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.5m
2025
Equity€1.2m
2025
Debt€2.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency33.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.31
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)6.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€6.5m
Operating result-€0.1m-€0.1m€0.2m▲ 24.1%€0.06m▼ 65.4%€0.4m▲ 513%€0.6m▲ 54.1%-€0.3m€0.4m
Net result-€0.1m-€0.1m€0.1mwithin the sector's middle half▲ 4.5%€0.02mwithin the sector's middle half▼ 83.7%€0.3mabove the sector's middle half▲ 13×€0.4mabove the sector's middle half▲ 33.0%-€0.4mbelow the sector's middle half€0.4mabove the sector's middle half
EBIT margin2.1%
Equity-€0.03m-€0.1m€0.2mwithin the sector's middle half▲ 135%€0.2mwithin the sector's middle half▲ 9.4%€0.5mwithin the sector's middle half▲ 112%€0.9mwithin the sector's middle half▲ 70.2%€0.8mwithin the sector's middle half▼ 10.1%€1.2mabove the sector's middle half▲ 44.7%
Total assets€1.6m-€2.0m▲ 28.4%€2.9mabove the sector's middle half▲ 44.5%€2.6mabove the sector's middle half▼ 8.7%€3.0mabove the sector's middle half▲ 13.1%€3.5mabove the sector's middle half▲ 16.6%€3.4mabove the sector's middle half▼ 3.6%€3.5mabove the sector's middle half▲ 4.0%
Debt€1.6m-€1.9m▲ 20.0%€2.7m▲ 40.0%€2.4m▼ 10.3%€2.5m▲ 2.9%€2.6m▲ 5.2%€2.6m▼ 1.3%€2.3m▼ 8.8%
Working capital-€0.2m--€0.1m▲ 59.5%€0.008mbelow the sector's middle half€0.001mbelow the sector's middle half▼ 89.9%€0.2mwithin the sector's middle half▲ 256×€0.5mwithin the sector's middle half▲ 164%€0.08mwithin the sector's middle half▼ 85.3%€0.4mwithin the sector's middle half▲ 366%
Solvency-1.8%-4.8%▲ 6.6pp7.8%below the sector's middle half▲ 3.0pp9.3%below the sector's middle half▲ 1.5pp17.5%below the sector's middle half▲ 8.2pp25.6%below the sector's middle half▲ 8.1pp23.8%below the sector's middle half▼ 1.7pp33.2%within the sector's middle half▲ 9.3pp
Current ratio0.81-0.94▲ 0.131.01below the sector's middle half▲ 0.071.00below the sector's middle half=1.18below the sector's middle half▲ 0.181.41within the sector's middle half▲ 0.231.06below the sector's middle half▼ 0.351.31within the sector's middle half▲ 0.25
Return on assets (ROA)-8.1%-6.2%▲ 14.3pp4.5%within the sector's middle half▼ 1.7pp0.8%below the sector's middle half▼ 3.7pp9.3%within the sector's middle half▲ 8.5pp10.6%within the sector's middle half▲ 1.3pp-11.1%below the sector's middle half▼ 21.6pp10.2%within the sector's middle half▲ 21.3pp
Staff (FTE)3.1-3.5▲ 12.9%7.3within the sector's middle half▲ 109%8within the sector's middle half▲ 9.6%9within the sector's middle half▲ 12.5%8within the sector's middle half▼ 11.1%6within the sector's middle half▼ 25.0%6.2within the sector's middle half▲ 3.3%
above
within
below
the middle half of NACE 25, Manufacture of fabricated metal products, except 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€1.9m ▲ 0.9%
Current assets
€1.6m ▲ 8.3%
Equity and liabilities €3.5m
Equity
€1.2m ▲ 44.7%
Debt
€2.3m ▼ 8.8%
Debt's share of the balance-sheet total falls from 76.2% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€718,155▲
2024 · -€38,781
Cash flow
€648,319▲
2024 · -€124,643
Quick ratio
1.06▲
2024 · 0.73
Debt to equity
2.01▼
2024 · 3.19
ROE
30.9%▲
2024 · -46.5%
Interest coverage
10.30▲
2024 · -0.45
Debt ≤ 1 year
€1.2m▼
2024 · €1.4m
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€294▼
2024 · €337
Staff costs
€621,354▼
2024 · €623,139
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,974 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.5%
stopped otherwise
94.9%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 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% | 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% |
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 26,974 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €6.5m | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €0.003m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 16.3% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.01m | €0.009m | €0.01m | €0.01m | ▲ 19.2% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - | - | - | - |
| Gross operating margin9900 | €0.2m | €0.5m | €0.8m | €0.7m | €1.1m | €1.4m | €0.6m | €1.4m | ▲ 127% |
| Operating profit (loss)9901 | -€0.1m | €0.1m | €0.2m | €0.06m | €0.4m | €0.6m | -€0.3m | €0.4m | - |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €241 | €0.001m | €182 | ▼ 84.0% |
| Recurring financial income75 | €0.001m | €0.005m | €9 | €0.001m | €0.001m | €241 | €0.001m | €182 | ▼ 84.0% |
| Financial charges65/66B | - | - | - | €0.04m | €0.05m | €0.07m | €0.09m | €0.07m | ▼ 19.5% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.04m | €0.04m | €0.05m | €0.07m | €0.09m | €0.07m | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | -€0.1m | €0.1m | €0.1m | €0.02m | €0.3m | €0.5m | -€0.4m | €0.4m | - |
| Income taxes67/77 | €143 | €189 | €123 | €116 | €0.04m | €0.1m | €337 | €294 | ▼ 12.9% |
| Profit (loss) for the period9904 | -€0.1m | €0.1m | €0.1m | €0.02m | €0.3m | €0.4m | -€0.4m | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €0.1m | €0.1m | €0.02m | €0.3m | €0.4m | -€0.4m | €0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €2.0m | €2.9m | €2.6m | €3.0m | €3.5m | €3.4m | €3.5m | ▲ 4.0% |
| Formation expenses20 | - | - | €0.07m | €0.07m | €0.06m | €0.06m | €0.06m | €0.05m | ▼ 6.3% |
| Fixed assets21/28 | €0.5m | €0.5m | €1.3m | €1.4m | €1.6m | €1.6m | €1.9m | €1.9m | ▲ 0.9% |
| Intangible fixed assets21 | €0.009m | €0.006m | €0.004m | €0.002m | €0.007m | €0.005m | €0.01m | €0.01m | ▼ 26.3% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €1.3m | €1.3m | €1.6m | €1.5m | €1.8m | €1.8m | ▲ 0.9% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.9m | €0.9m | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 4.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.07m | €0.06m | €0.07m | ▲ 3.6% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 24.4% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 18.8% |
| Financial fixed assets28 | €0.01m | €0.02m | €0.02m | €0.02m | €0.01m | €0.009m | €0.01m | €0.02m | ▲ 34.1% |
| Current assets29/58 | €1.0m | €1.5m | €1.5m | €1.2m | €1.3m | €1.9m | €1.5m | €1.6m | ▲ 8.3% |
| Stocks and contracts in progress3 | €0.05m | €0.05m | €0.05m | €0.1m | €0.3m | €0.3m | €0.5m | €0.3m | ▼ 34.3% |
| Stocks30/36 | - | - | - | €0.05m | €0.09m | €0.2m | €0.1m | €0.2m | ▲ 54.0% |
| Contracts in progress37 | - | - | - | €0.06m | €0.2m | €0.08m | €0.3m | €0.08m | ▼ 73.3% |
| Amounts receivable within one year40/41 | €0.7m | €1.2m | €1.1m | €0.9m | €0.8m | €1.0m | €0.7m | €1.0m | ▲ 48.2% |
| Trade receivables40 | - | - | - | €0.8m | €0.8m | €0.9m | €0.6m | €1.0m | ▲ 66.3% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.03m | €0.08m | €0.08m | €0.001m | ▼ 98.5% |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.6m | €0.3m | €0.2m | ▼ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.01m | €0.04m | €0.04m | ▼ 1.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €2.0m | €2.9m | €2.6m | €3.0m | €3.5m | €3.4m | €3.5m | ▲ 4.0% |
| Equity10/15 | -€0.03m | €0.1m | €0.2m | €0.2m | €0.5m | €0.9m | €0.8m | €1.2m | ▲ 44.7% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €0.3m | €0.3m | = |
| Reserves13 | - | - | - | - | €0.3m | €0.6m | €0.6m | €0.6m | = |
| Distributable reserves133 | - | - | - | - | €0.3m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.2m | -€0.02m | -€0.003m | - | - | -€0.4m | -€0.01m | ▲ 96.0% |
| Amounts payable17/49 | €1.6m | €1.9m | €2.7m | €2.4m | €2.5m | €2.6m | €2.6m | €2.3m | ▼ 8.8% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €1.1m | €1.2m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 2.2% |
| Financial debts170/4 | - | - | - | €1.2m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 2.2% |
| Amounts payable within one year42/48 | €1.3m | €1.6m | €1.5m | €1.2m | €1.1m | €1.3m | €1.4m | €1.2m | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 4.5% |
| Financial debts43 | - | - | - | €0.6m | €0.7m | €0.6m | €0.5m | €0.5m | ▲ 4.2% |
| Credit institutions430/8 | - | - | - | €0.6m | €0.7m | €0.6m | €0.5m | €0.5m | ▲ 4.2% |
| Trade debts44 | €0.3m | €0.6m | €0.7m | €0.4m | €0.2m | €0.3m | €0.6m | €0.4m | ▼ 32.3% |
| Suppliers440/4 | - | - | - | €0.4m | €0.2m | €0.3m | €0.6m | €0.4m | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 2.6% |
| Taxes450/3 | - | - | - | €0.008m | €0.06m | €0.07m | €0.05m | €0.05m | ▼ 4.5% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.06m | €0.07m | €0.07m | €0.06m | ▼ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.004m | €0.01m | €0.03m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€127,185 | €124,592 | €130,146 | €21,178 | €277,230 | €368,592 | -€373,573 | €358,805 | - |
| + Depreciation and write-downs630 | €126,403 | €143,046 | €153,389 | €182,574 | €193,182 | €220,273 | €248,930 | €289,514 | ▲ 16.3% |
| Operating cash flow (approximation) | -€782 | €267,638 | €283,535 | €203,752 | €470,412 | €588,865 | -€124,643 | €648,319 | - |
| Investment in fixed assets (approximation) | - | -€84,750 | -€954,530 | -€266,356 | -€429,075 | -€171,590 | -€546,882 | -€306,288 | ▲ 44.0% |
| Change in cash | - | €54,158 | €30,865 | €41,959 | -€22,387 | €410,282 | -€325,119 | -€49,760 | ▲ 84.7% |
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 (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-05-2026 | 2026-00113354 |
| 31-12-2024 | abbreviated format | 28-05-2025 | 2025-00109189 |
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00125425 |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00214366 |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20100479 |
| 31-12-2020 | abbreviated format | 31-05-2021 | 2021-16200258 |
| 31-12-2019 | abbreviated format | 31-03-2020 | 2020-08200201 |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-21100552 |
| 31-12-2017 | abbreviated format | 05-06-2018 | 2018-16600120 |
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Of the 3,417 active companies whose main activity is machining of metals (NACE 25530), figures are known for 1,647. 1,080 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,039 awarded · €1,673 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €757 | €681 |
| 2024 | 1 | €110 | €0 |
| 2023 | 1 | €390 | €210 |
| 2022 | 1 | €782 | €782 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, 2 in day-to-day management, last change in 2025
Board 2
Gunter VERLINDEN
CurrentDirector (not named in the articles) · since 14-12-2023
Karien VAN DEN BOSSCHE
CurrentDirector · since 13-01-2025
Day-to-day management 2
VERLINDEN Luc
CurrentManaging director · since 28-12-2023
Gunter VERLINDEN
CurrentManaging director · since 13-01-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
4 people since 2023, 3 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Gunter VERLINDEN |
|
| Karien VAN DEN BOSSCHE |
|
| VERLINDEN Luc |
|
| Geert KREKEL |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 01-10-2026 ↗
- Luc VERLINDEN 125 shares
- Gunter VERLINDEN 125 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 01-10-2026 Capital stated in the deed · €250,000 · 250 shares
- 28-12-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Acquisitions and mergers
1 transactionTook over:VERLINDEN - GUNS
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
01-10
Gazette deed
RestructuringMerger · Director in office · Capital12 facts ▸
Gazette deed
Restructuring
Merger · Director in office · Capital12 facts ▸
- Merger, by absorption, merger by absorption
- Director in office, Luc VERLINDEN (director)
- Capital, €250,000
- Shareholding, “aandelen”, 125 (deed in Dutch) (2 times)
- Director in office, Paula GUNS (director)
- Capital, €21,000
- Shareholding, “aandelen”, 105 (deed in Dutch) (2 times)
- Other provision, “no special rights, Er zijn geen bijzondere rechten toegekend aan de aandelen van de overgenomen vennootschap en er worden geen bijzondere rechten toegekend aan…” (deed in Dutch)
- Other provision, “no other securities, Er zijn geen andere effecten, andere dan aandelen” (deed in Dutch)
- Other provision, “no special benefits to management, Er worden geen bijzondere voordelen toegekend aan de leden van de bestuursorganen van de bij de fusie betrokken vennootschapp…” (deed in Dutch)
- Real estate, “Kerkstraat 2, Turnhout, met naleving van het Vlaamse Bodemdecreet” (deed in Dutch)
- Net-asset statement, 31-03-2026
01-10
Gazette deed
RestructuringMerger · Director in office · Capital14 facts ▸
Gazette deed
Restructuring
Merger · Director in office · Capital14 facts ▸
- Merger, by absorption, “proposed” (deed in Dutch)
- Director in office, Luc VERLINDEN (director)
- Capital, €250,000
- Shareholding, “aandelen”, 125 (deed in Dutch) (2 times)
- Director in office, Paula GUNS (director)
- Capital, €21,000
- Shareholding, “aandelen”, 105 (deed in Dutch) (2 times)
- Accounting effect, 01-04-2026
- Other provision, “no special rights, Er zijn geen bijzondere rechten toegekend aan de aandelen van de overgenomen vennootschap en er worden geen bijzondere rechten toegekend aan…” (deed in Dutch)
- Other provision, “no special advantages, Er worden geen bijzondere voordelen toegekend aan de leden van de bestuursorganen van de bij de fusie betrokken vennootschappen.” (deed in Dutch)
- Real estate, “Kerkstraat 2, Turnhout, vóór het verlijden van de authentieke fusieakte worden de bodemattesten bij de OVAM aangevraagd en wordt de inhoud ervan aan de overneme…” (deed in Dutch)
- Net-asset statement, 31-03-2026
- +2 further facts in this act
15-05
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Back to profitnet €358,805
Net result €358,805 after one loss-making year.
31-12
Financial
Equity above €1mequity €1.2m ▲44.7%
Equity rises from €803,072 to €1.2m.
28-05
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
03-02
Gazette deed
Appointments: Karien VAN DEN BOSSCHE (director) and Gunter VERLINDEN (managing director)Resignation: Geert KREKEL (director) · Director discharge7 facts ▸
Gazette deed
Appointments: Karien VAN DEN BOSSCHE (director) and Gunter VERLINDEN (managing director)
Resignation: Geert KREKEL (director) · Director discharge7 facts ▸
- General meeting, 13-01-2025
- Board meeting, 13-01-2025
- Director appointment, Karien VAN DEN BOSSCHE (director)
- Other provision, “beroepsverbod, niet getroffen door enig beroepsverbod” (deed in Dutch) (2 times)
- Director resignation, Geert KREKEL (director)
- Director discharge, Geert KREKEL
- Director appointment, Gunter VERLINDEN (managing director)
2024
31-12
Financial
Weakest financial yearnet -€373,573
Net result drops to -€373,573, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
31-12
Financial
Highest result from 2018 to 2025net €368,592 ▲33%
Operating result €556,188, net result €368,592, both a record.
28-12
Gazette deed
Resignation: VERLINDEN Luc (manager)Appointments: VERLINDEN Luc, VERLINDEN Gunter and KREKEL Geert · Amendment of the articles · Name change16 facts ▸
Gazette deed
Resignation: VERLINDEN Luc (manager)
Appointments: VERLINDEN Luc, VERLINDEN Gunter and KREKEL Geert · Amendment of the articles · Name change16 facts ▸
- General meeting, 14-12-2023
- Amendment of the articles (2 times)
- Name change, MTZ CONSTRUCT
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Capital
- Director resignation, VERLINDEN Luc (manager (not named in the articles))
- Director discharge, VERLINDEN Luc
- Director appointment, VERLINDEN Luc (director (not named in the articles))
- Director appointment, VERLINDEN Gunter (director (not named in the articles))
- Director appointment, KREKEL Geert (director (not named in the articles))
- Director appointment, KREKEL Geert (voorzitter collegiaal bestuursorgaan)
- +4 further facts in this act
07-07
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
Show earlier events
2022
31-12
Financial
Equity above €500,000equity €524,721 ▲112%
4 profitable years in a row build equity to €524,721.
28-06
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
31-05
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial
Equity above €200,000equity €226,313 ▲135%
2 profitable years in a row build equity to €226,313.
31-03
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial
Back to profitnet €124,592
Net result €124,592 after one loss-making year.
20-06
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
05-06
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
4 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded05-01-2017
Financial year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
25510Coating of metals
47521Retail sale of hardware, building materials, paint and glass (general range)
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668792333
Registered
22-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 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
Location & real-estate footprint
Registered office, Rijkevorsel · 1 establishment unit since 2017
Ground area
1.3 ha
Building footprint
6,244 m²
Building volume
48,840 m³
Parcel 13502C0254/00H004, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MTZ construct
since 2017unit no. 2.260.207.688
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13502C0254/00H004 | Flanders | 1.3 ha | 1 · 6,244 m² | 9.0 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Vervaardigen én montage van metalen constructies en/of delen, prefabgebouwen, containers, bouwketens, ovens, enz alsook schrijnwerken vin…” (deed in Dutch)deed of 01-10-2026
10 activities (deed in Dutch)
- Vervaardigen én montage van metalen constructies en/of delen, prefabgebouwen, containers, bouwketens, ovens, enz alsook schrijnwerken vin gebouwen
- Bekledingen in metaal, aluminium of andere beschermende hetzij decoratieve materialen, lakken en polijsten, afbramen, zandstralen en andere oppervlaktebehandelingen, plateren en anodiseren
- Vervaardiging en montage van leidingstelsels en industriële buizen in meest ruime zin
- De handel, aankoop en verkoop van al het voorgaande
- Frees en laswerken, boren, schaven, slijpen van metalen stukken
- Onderhoud, poetsen en harden, schilderen van, metalen constructies, leidingen, enz, herstellingen van mechanische aard
- Managementactiviteiten en dienstverleningen in algemene zin, handelsbemiddeling, het waarnemen van bestuursfuncties in andere ondernemingen
- Kostprijsberekeningen, calculatieopdrachten en audit, het toezicht, de opvolging en het coördineren van bouwconstructies
- Organiseren van opleidingen, praktijkleergangen en workshops inzake genoemde activiteiten, alsook de demonstraties en tentoonstellingen
- Huren en verhuren van onroerende goederen, exploitatie van terreinen en gebouwen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 28-12-2023
- Name clauseThe name the company operates under according to its articles.
- MTZ CONSTRUCTdeed of 28-12-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit bestuursorgaan in België of buitenland” (deed in Dutch)deed of 28-12-2023
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “duurtijd, wordt hun mandaat geacht van onbepaalde duur te zijn. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Bevoegdheden bestuursorgaan, geheel van bevoegdheden met delegatiemogelijkheid” (deed in Dutch)“Vergoeding bestuurders, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of May at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)