MT DISTRIBUTION
ActiveSummary
MT DISTRIBUTION has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €-116k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-23
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 13.47 against 6.39 in 2024; short-term debt: 7.4% and cash: 51.4% of total assets), and 7.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-116k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
28 d late
2022
29 d late
2021
31 d late
2020
26 d late
2019
67 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-116k▼ 643%
2024 · €-16k
2018: €19k
2019: €19k▲ +2.4% vs 2018
2020: €28k▲ +45.0% vs 2019
2021: €33k▲ +19.9% vs 2020
2022: €55k▲ +65.8% vs 2021highest in 8 years
2023: €2k▼ -96.9% vs 2022
2024: €-16k▼ -1014% vs 2023
2025: €-116k▼ -643% vs 2024lowest in 8 years
2018 → 2025
Working capital
€269k▼ 19.5%
2024 · €335k
2018: €239k
2019: €232k▼ -2.7% vs 2018lowest in 8 years
2020: €252k▲ +8.4% vs 2019
2021: €279k▲ +11.0% vs 2020
2022: €347k▲ +24.0% vs 2021highest in 8 years
2023: €337k▼ -2.7% vs 2022
2024: €335k▼ -0.8% vs 2023
2025: €269k▼ -19.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€400k▲ 16.1%€401k▲ 0.4%€386k▼ 3.9%€270k▼ 30.0%
2021: €344k
2022: €400k▲ +16.1% vs 2021
2023: €401k▲ +0.4% vs 2022highest in 5 years
2024: €386k▼ -3.9% vs 2023
2025: €270k▼ -30.0% vs 2024lowest in 5 years
Operating result€49k-€76k▲ 56.9%€6k▼ 91.8%€-13k€-115k▼ 792%
2021: €49k
2022: €76k▲ +56.9% vs 2021highest in 5 years
2023: €6k▼ -91.8% vs 2022
2024: €-13k▼ -304% vs 2023
2025: €-115k▼ -792% vs 2024lowest in 5 years
Net result€33k-€55k▲ 65.8%€2k▼ 96.9%€-16k€-116k▼ 643%
2021: €33k
2022: €55k▲ +65.8% vs 2021highest in 5 years
2023: €2k▼ -96.9% vs 2022
2024: €-16k▼ -1014% vs 2023
2025: €-116k▼ -643% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €115k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€897 ▼ 97.1%
Current assets
€291k ▼ 26.7%
Equity and liabilities €292k
Equity
€270k ▼ 30.0%
Debt
€22k ▼ 65.2%
Debt's share of the balance-sheet total falls from 13.9% to 7.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-112k▼
2024 · €7k
Cash flow
€-113k▼
2024 · €4k
Current ratio
13.47▲
2024 · 6.39
Debt to equity
0.08▼
2024 · 0.16
ROE
-42.8%▼
2024 · -4.0%
ROA
-39.6%▼
2024 · -3.5%
Interest coverage
-52.17▼
2024 · 0.99
Debt ≤ 1 year
€22k▼
2024 · €62k
Income taxes
€259▼
2024 · €325
Staff costs
€59k▼
2024 · €155k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€448k€292k▼
Formation expenses20€20k-
Fixed assets21/28€31k€897▼
Tangible fixed assets22/27€30k€897▼
Plant, machinery and equipment23€26k-
Furniture and vehicles24€4k€897▼
Financial fixed assets28€1k-
Current assets29/58€397k€291k▼
Stocks and contracts in progress3€202k-
Stocks30/36€202k-
Amounts receivable within one year40/41€113k€139k▲
Trade receivables40€79k€138k▲
Other amounts receivable41€34k€1k▼
Cash at bank and in hand54/58€71k€150k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€448k€292k▼
Equity10/15€386k€270k▼
Contributions10/11€42k€42k=
Outside capital11€42k€42k=
Other1109/19€42k€42k=
Reserves13€245k€228k▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€223k€206k▼
Profit (loss) carried forward14€99k-
Amounts payable17/49€62k€22k▼
Amounts payable within one year42/48€62k€22k▼
Trade debts44€25k€324▼
Suppliers440/4€25k€324▼
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€548€392▼
Remuneration and social security454/9€14k€2k▼
Other amounts payable47/48€23k€19k▼
Accrued charges and deferred income492/3€94€52▼
Income statement
Code20242025
Remuneration, social security and pensions62€155k€59k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€3k▼
Other operating charges640/8€7k€3k▼
Non-recurring operating charges66A-€35k
Gross operating margin9900€169k€-15k▼
Operating profit (loss)9901€-13k€-115k▼
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-15k€-115k▼
Income taxes67/77€325€259▼
Profit (loss) for the period9904€-16k€-116k▼
Profit (loss) for the period to be appropriated9905€-16k€-116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€-17k▼
Profit (loss) brought forward from the previous period14P€114k€99k▼
Transfer from equity791/2-€17k
Social balance
Average headcount (FTE)90875.51.5▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €215k | €199k | €214k | €155k | €59k | ▼ 61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €15k | €15k | €19k | €3k | ▼ 85.6% |
| Other operating charges640/8 | €11k | €9k | €9k | €7k | €3k | ▼ 56.4% |
| Non-recurring operating charges66A | - | - | - | - | €35k | - |
| Gross operating margin9900 | €289k | €299k | €245k | €169k | €-15k | ▼ 109% |
| Operating profit (loss)9901 | €49k | €76k | €6k | €-13k | €-115k | ▼ 792% |
| Financial income75/76B | €1k | €2k | €4k | €4k | €1k | ▼ 65.7% |
| Recurring financial income75 | €1k | €2k | €4k | €4k | €1k | ▼ 65.7% |
| Financial charges65/66B | €7k | €7k | €7k | €7k | €2k | ▼ 67.6% |
| Recurring financial charges65 | €7k | €7k | €7k | €7k | €2k | ▼ 67.6% |
| Profit (loss) for the period before taxes9903 | €43k | €71k | €4k | €-15k | €-115k | ▼ 658% |
| Income taxes67/77 | €10k | €16k | €2k | €325 | €259 | ▼ 20.3% |
| Profit (loss) for the period9904 | €33k | €55k | €2k | €-16k | €-116k | ▼ 643% |
| Profit (loss) for the period to be appropriated9905 | €33k | €55k | €2k | €-16k | €-116k | ▼ 643% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485k | €483k | €493k | €448k | €292k | ▼ 34.9% |
| Formation expenses20 | - | - | €25k | €20k | - | - |
| Fixed assets21/28 | €68k | €54k | €40k | €31k | €897 | ▼ 97.1% |
| Tangible fixed assets22/27 | €67k | €52k | €38k | €30k | €897 | ▼ 97.0% |
| Plant, machinery and equipment23 | €39k | €33k | €28k | €26k | - | - |
| Furniture and vehicles24 | €28k | €19k | €11k | €4k | €897 | ▼ 75.7% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | - | - |
| Current assets29/58 | €417k | €429k | €428k | €397k | €291k | ▼ 26.7% |
| Stocks and contracts in progress3 | €223k | €242k | €225k | €202k | - | - |
| Stocks30/36 | €223k | €242k | €225k | €202k | - | - |
| Amounts receivable within one year40/41 | €63k | €33k | €58k | €113k | €139k | ▲ 22.8% |
| Trade receivables40 | €44k | €31k | €38k | €79k | €138k | ▲ 73.2% |
| Other amounts receivable41 | €19k | €2k | €20k | €34k | €1k | ▼ 96.7% |
| Cash at bank and in hand54/58 | €125k | €141k | €132k | €71k | €150k | ▲ 113% |
| Deferred charges and accrued income490/1 | €6k | €13k | €13k | €12k | €2k | ▼ 80.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485k | €483k | €493k | €448k | €292k | ▼ 34.9% |
| Equity10/15 | €344k | €400k | €401k | €386k | €270k | ▼ 30.0% |
| Contributions10/11 | €42k | €42k | €42k | €42k | €42k | = |
| Capital10 | €42k | €42k | €42k | - | - | - |
| Issued capital100 | €42k | €42k | €42k | - | - | - |
| Outside capital11 | - | - | - | €42k | €42k | = |
| Other1109/19 | - | - | - | €42k | €42k | = |
| Reserves13 | €188k | €244k | €245k | €245k | €228k | ▼ 7.0% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €4k | €4k | = |
| Tax-exempt reserves132 | €18k | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | €166k | €221k | €223k | €223k | €206k | ▼ 7.7% |
| Profit (loss) carried forward14 | €114k | €114k | €114k | €99k | - | - |
| Amounts payable17/49 | €141k | €83k | €91k | €62k | €22k | ▼ 65.2% |
| Amounts payable after more than one year17 | €3k | €0 | - | - | - | - |
| Financial debts170/4 | €3k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €137k | €82k | €90k | €62k | €22k | ▼ 65.2% |
| Current portion of amounts payable after more than one year42 | €19k | €3k | - | - | - | - |
| Trade debts44 | €72k | €30k | €47k | €25k | €324 | ▼ 98.7% |
| Suppliers440/4 | €72k | €30k | €47k | €25k | €324 | ▼ 98.7% |
| Taxes, remuneration and social security45 | €27k | €23k | €18k | €14k | €2k | ▼ 83.4% |
| Taxes450/3 | €990 | €7k | €382 | €548 | €392 | ▼ 28.4% |
| Remuneration and social security454/9 | €26k | €16k | €17k | €14k | €2k | ▼ 85.6% |
| Other amounts payable47/48 | €19k | €26k | €26k | €23k | €19k | ▼ 17.2% |
| Accrued charges and deferred income492/3 | €436 | €307 | €553 | €94 | €52 | ▼ 44.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €55k | €2k | €-16k | €-116k | ▼ 643% |
| + Depreciation and write-downs630 | €14k | €15k | €15k | €19k | €3k | ▼ 85.6% |
| Operating cash flow (approximation) | €47k | €70k | €17k | €4k | €-113k | ▼ 3,026% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-11k | €28k | ▲ 350% |
| Change in cash | - | €17k | €-9k | €-62k | €79k | ▲ 229% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 13.47
Current ratio from 6.39 to 13.47; short-term debt falls from €62k to €22k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €55k ▲65.8%
Operating result €76k, net result €55k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lierneux · 1 establishment unit since 2003
Ground area
448 m²
Building footprint
153 m²
Volume, LiDAR
1,207 m³
Parcel 63045E0333/00B000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GB CONTACT
since 20032.131.814.134
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63045E0333/00B000 | Wallonia | 448 m² | 1 · 153 m² | 10.2 m · 3 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.
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 3,911 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
Founded13-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.