MTF CONSTRUCT
ActiveSummary
MTF CONSTRUCT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-11
Solvency70▲+10
Growth85=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.45 in 2023; short-term debt: 55.4% and cash: 8.1% of total assets), and 55.4% 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 · 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 2024Solvency, return and age of the figures
Solvency
44.6%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
29 d late
2022
3 d early
2021
23 d late
2020
26 d late
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€755k▲ 146%
2022 · €307k
2022: €307k
2022 → 2023
EBIT margin
7.3%▲ 1.8pp
2022 · 5.4%
2022: 5.4%
2022 → 2023
Net result
€5k▼ 90.5%
2023 · €52k
2018: €-8k
2019: €-10k
2020: €-38k
2022: €15k
2023: €52k
2018 → 2024
Working capital
€30k▼ 27.0%
2023 · €41k
2018: €6k
2019: €-2k
2020: €-34k
2021: €-34k
2022: €11k
2023: €41k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€307k€755k▲ 146%
Equity€-17k-€-17k=€-3k▲ 85.5%€49k€54k▲ 10.0%
Operating result€-49k-€17k€55k▲ 228%€6k▼ 89.8%
Net result€-38k-€15k€52k▲ 250%€5k▼ 90.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 90% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€25k ▲ 198%
Current assets
€97k ▼ 26.0%
Equity and liabilities €122k
Equity
€54k ▲ 10.0%
Debt
€67k ▼ 25.6%
Debt's share of the balance-sheet total falls from 64.7% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €65k
Cash flow
€11k▼
2023 · €62k
Current ratio
1.44▼
2023 · 1.45
Debt to equity
1.24▼
2023 · 1.84
ROE
9.1%▼
2023 · 105.1%
ROA
4.1%▼
2023 · 37.0%
Interest coverage
17.52▼
2023 · 87.70
Debt ≤ 1 year
€67k▼
2023 · €91k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€140k€122k▼
Formation expenses20€445-
Fixed assets21/28€8k€25k▲
Tangible fixed assets22/27€6k€22k▲
Furniture and vehicles24€6k€22k▲
Financial fixed assets28€3k€3k=
Current assets29/58€131k€97k▼
Amounts receivable within one year40/41€127k€87k▼
Trade receivables40€121k€84k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€140k€122k▼
Equity10/15€49k€54k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€29k€34k▲
Amounts payable17/49€91k€67k▼
Amounts payable within one year42/48€91k€67k▼
Trade debts44€65k€44k▼
Suppliers440/4€65k€44k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€2k€2k=
Remuneration and social security454/9€604-
Other amounts payable47/48€23k€21k▼
Income statement
Code20232024
Turnover70€755k-
Goods, raw materials, services and sundry goods60/61€735k-
Remuneration, social security and pensions62€605-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€6k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-31k-
Other operating charges640/8€5k€819▼
Gross operating margin9900€40k€12k▼
Operating profit (loss)9901€55k€6k▼
Financial income75/76B€90-
Recurring financial income75€90-
Financial charges65/66B€743€644▼
Recurring financial charges65€743€644▼
Profit (loss) for the period before taxes9903€54k€5k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€52k€5k▼
Profit (loss) for the period to be appropriated9905€52k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€34k▲
Profit (loss) brought forward from the previous period14P€-23k€29k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €52k ▲250%
Operating result €55k, net result €52k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 17current ratio 1.09
Current ratio from 0.06 to 1.09.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Pieters-Woluwe · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Crombrugghelaan 1021150 Sint-Pieters-WoluweGround area
218 m²
Building footprint
123 m²
Volume, LiDAR
1,086 m³
Parcel 21683D0371/00A070, Brussels · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MTF CONSTRUCT
since 20192.286.099.958
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0371/00A070 | Brussels | 218 m² | 1 · 123 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CLICC
BE 0671.948.197
Kapellen · Eq €54,272
MELI-BOUWWERKEN
BE 0718.945.192
Merelbeke-Melle · Eq €54,277
PHILIPPE MONSEU
BE 0820.177.560
Ukkel · Eq €54,283
YAVABUILD
BE 0785.772.848
Izegem · Eq €54,297
LUXWOOD
BE 0541.383.724
Sint-Niklaas · Eq €54,238
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,130 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43230Insulation installation
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:476916108