IMMO MTS
ActiveSummary
IMMO MTS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.51M and a net result of €-47k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 92% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-38
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 37.96 against 4.44 in 2024; short-term debt: 0.7% and cash: 26.4% of total assets), and 7.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.3%
Return on assets
-1.7%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
17 d early
2023
13 d early
2022
25 d early
2021
31 d early
2020
8 d early
2019
31 d early
← 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, abbreviated schema
Equity
€2.51M▼ 1.9%
2024 · €2.56M
2019: €2.15M
2020: €2.09M▼ -2.6% vs 2019lowest in 7 years
2021: €2.10M▲ +0.6% vs 2020
2022: €2.10M▼ -0.2% vs 2021
2023: €2.14M▲ +1.8% vs 2022
2024: €2.56M▲ +19.6% vs 2023highest in 7 years
2025: €2.51M▼ -1.9% vs 2024
2019 → 2025
Total assets
€2.72M▼ 12.5%
2024 · €3.11M
2019: €2.43M
2020: €2.33M▼ -4.3% vs 2019
2021: €2.33M▼ -0.2% vs 2020
2022: €2.31M▼ -0.7% vs 2021
2023: €2.27M▼ -1.5% vs 2022lowest in 7 years
2024: €3.11M▲ +36.5% vs 2023highest in 7 years
2025: €2.72M▼ -12.5% vs 2024
2019 → 2025
Net result
€-47k
2024 · €418k
2019: €9k
2020: €-64k▼ -799% vs 2019lowest in 7 years
2021: €12k▲ +119% vs 2020
2022: €-5k▼ -143% vs 2021
2023: €39k▲ +841% vs 2022
2024: €418k▲ +978% vs 2023highest in 7 years
2025: €-47k▼ -111% vs 2024
2019 → 2025
Working capital
€748k▼ 36.2%
2024 · €1.17M
2019: €933k
2020: €646k▼ -30.8% vs 2019lowest in 7 years
2021: €693k▲ +7.3% vs 2020
2022: €756k▲ +9.1% vs 2021
2023: €853k▲ +12.8% vs 2022
2024: €1.17M▲ +37.5% vs 2023highest in 7 years
2025: €748k▼ -36.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.10M-€2.10M▼ 0.2%€2.14M▲ 1.8%€2.56M▲ 19.6%€2.51M▼ 1.9%
2021: €2.10M
2022: €2.10M▼ -0.2% vs 2021lowest in 5 years
2023: €2.14M▲ +1.8% vs 2022
2024: €2.56M▲ +19.6% vs 2023highest in 5 years
2025: €2.51M▼ -1.9% vs 2024
Operating result€6k-€25k▲ 343%€36k▲ 48.0%€520k▲ 1,332%€-79k
2021: €6k
2022: €25k▲ +343% vs 2021
2023: €36k▲ +48.0% vs 2022
2024: €520k▲ +1332% vs 2023highest in 5 years
2025: €-79k▼ -115% vs 2024lowest in 5 years
Net result€12k-€-5k€39k€418k▲ 978%€-47k
2021: €12k
2022: €-5k▼ -143% vs 2021
2023: €39k▲ +841% vs 2022
2024: €418k▲ +978% vs 2023highest in 5 years
2025: €-47k▼ -111% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €79k after €520k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.72M
Fixed assets
€1.95M ▲ 22.3%
Current assets
€768k ▼ 49.2%
Equity and liabilities €2.72M
Equity
€2.51M ▼ 1.9%
Provisions
€188k ▼ 7.6%
Debt
€20k ▼ 94.1%
Debt's share of the balance-sheet total falls from 11.2% to 0.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€86k▼
2024 · €644k
Cash flow
€117k▼
2024 · €542k
Current ratio
37.96▲
2024 · 4.44
Debt to equity
0.01▼
2024 · 0.14
ROE
-1.9%▼
2024 · 16.4%
ROA
-1.7%▼
2024 · 13.5%
Interest coverage
-34.53▲
2024 · -41.20
Debt ≤ 1 year
€20k▼
2024 · €341k
Debt > 1 year
€120
Income taxes
€3k▼
2024 · €11k
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€3.11M€2.72M▼
Fixed assets21/28€1.59M€1.95M▲
Tangible fixed assets22/27€1.59M€1.95M▲
Land and buildings22€1.58M€1.94M▲
Furniture and vehicles24€10k€5k▼
Current assets29/58€1.51M€768k▼
Amounts receivable within one year40/41€317k€19k▼
Trade receivables40€312k-
Other amounts receivable41€5k€19k▲
Current investments50/53€748k€29k▼
Cash at bank and in hand54/58€446k€716k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.11M€2.72M▼
Equity10/15€2.56M€2.51M▼
Contributions10/11€123k€123k=
Capital10€123k€123k=
Issued capital100€123k€123k=
Reserves13€2.43M€2.38M▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Tax-exempt reserves132€729k€679k▼
Distributable reserves133€1.67M€1.67M▲
Provisions and deferred taxes16€203k€188k▼
Deferred taxes168€203k€188k▼
Amounts payable17/49€347k€20k▼
Amounts payable after more than one year17-€120
Other amounts payable178/9-€120
Amounts payable within one year42/48€341k€20k▼
Trade debts44€317k€10k▼
Suppliers440/4€317k€10k▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€20k€10k▼
Accrued charges and deferred income492/3€6k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€165k▲
Other operating charges640/8€19k€18k▼
Gross operating margin9900€664k€105k▼
Operating profit (loss)9901€520k€-79k▼
Financial income75/76B€21k€16k▼
Recurring financial income75€21k€16k▼
Financial charges65/66B€-16k€-2k▲
Recurring financial charges65€-16k€-2k▲
Profit (loss) for the period before taxes9903€556k€-60k▼
Transfer from deferred taxes780€15k€16k▲
Transfer to deferred taxes680€142k-
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€418k€-47k▼
Transfer from tax-exempt reserves789€49k€50k▲
Transfer to tax-exempt reserves689€427k-
Profit (loss) for the period to be appropriated9905€40k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€3k▼
Transfer to equity691/2€40k€3k▼
To other reserves6921€40k€3k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74k | €74k | €67k | €124k | €165k | ▲ 32.6% |
| Other operating charges640/8 | €15k | €16k | €18k | €19k | €18k | ▼ 4.9% |
| Gross operating margin9900 | €94k | €114k | €121k | €664k | €105k | ▼ 84.2% |
| Operating profit (loss)9901 | €6k | €25k | €36k | €520k | €-79k | ▼ 115% |
| Financial income75/76B | €4k | €4k | €2k | €21k | €16k | ▼ 20.4% |
| Recurring financial income75 | €4k | €4k | €2k | €21k | €16k | ▼ 20.4% |
| Financial charges65/66B | €516 | €37k | €-12k | €-16k | €-2k | ▲ 84.1% |
| Recurring financial charges65 | €516 | €37k | €-12k | €-16k | €-2k | ▲ 84.1% |
| Profit (loss) for the period before taxes9903 | €9k | €-9k | €50k | €556k | €-60k | ▼ 111% |
| Transfer from deferred taxes780 | €4k | €4k | €4k | €15k | €16k | ▲ 1.9% |
| Transfer to deferred taxes680 | - | - | - | €142k | - | - |
| Income taxes67/77 | €127 | €265 | €15k | €11k | €3k | ▼ 72.2% |
| Profit (loss) for the period9904 | €12k | €-5k | €39k | €418k | €-47k | ▼ 111% |
| Transfer from tax-exempt reserves789 | €14k | €14k | €14k | €49k | €50k | ▲ 1.8% |
| Transfer to tax-exempt reserves689 | - | - | - | €427k | - | - |
| Profit (loss) for the period to be appropriated9905 | €26k | €9k | €53k | €40k | €3k | ▼ 93.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.33M | €2.31M | €2.27M | €3.11M | €2.72M | ▼ 12.5% |
| Fixed assets21/28 | €1.51M | €1.44M | €1.37M | €1.59M | €1.95M | ▲ 22.3% |
| Tangible fixed assets22/27 | €1.51M | €1.44M | €1.37M | €1.59M | €1.95M | ▲ 22.3% |
| Land and buildings22 | €1.47M | €1.41M | €1.35M | €1.58M | €1.94M | ▲ 22.8% |
| Plant, machinery and equipment23 | €8k | €6k | €4k | - | - | - |
| Furniture and vehicles24 | €23k | €22k | €16k | €10k | €5k | ▼ 56.0% |
| Current assets29/58 | €820k | €872k | €904k | €1.51M | €768k | ▼ 49.2% |
| Amounts receivable within one year40/41 | €981 | €959 | €959 | €317k | €19k | ▼ 94.0% |
| Trade receivables40 | - | - | - | €312k | - | - |
| Other amounts receivable41 | €981 | €959 | €959 | €5k | €19k | ▲ 288% |
| Current investments50/53 | €253k | €219k | €531k | €748k | €29k | ▼ 96.1% |
| Cash at bank and in hand54/58 | €563k | €648k | €369k | €446k | €716k | ▲ 60.6% |
| Deferred charges and accrued income490/1 | €3k | €4k | €3k | €2k | €4k | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.33M | €2.31M | €2.27M | €3.11M | €2.72M | ▼ 12.5% |
| Equity10/15 | €2.10M | €2.10M | €2.14M | €2.56M | €2.51M | ▼ 1.9% |
| Contributions10/11 | €123k | €123k | €123k | €123k | €123k | = |
| Capital10 | - | €123k | €123k | €123k | €123k | = |
| Issued capital100 | - | €123k | €123k | €123k | €123k | = |
| Reserves13 | €1.98M | €1.97M | €2.01M | €2.43M | €2.38M | ▼ 1.9% |
| Non-distributable reserves130/1 | €30k | €30k | €30k | €30k | €30k | = |
| Legal reserve130 | - | €30k | €30k | €30k | €30k | = |
| Reserves not available under the articles1311 | €30k | - | - | - | - | - |
| Tax-exempt reserves132 | €380k | €366k | €351k | €729k | €679k | ▼ 6.9% |
| Distributable reserves133 | €1.57M | €1.58M | €1.63M | €1.67M | €1.67M | ▲ 0.2% |
| Provisions and deferred taxes16 | €83k | €80k | €76k | €203k | €188k | ▼ 7.6% |
| Deferred taxes168 | €83k | €80k | €76k | €203k | €188k | ▼ 7.6% |
| Amounts payable17/49 | €139k | €131k | €61k | €347k | €20k | ▼ 94.1% |
| Amounts payable after more than one year17 | €5k | €5k | €5k | - | €120 | - |
| Other amounts payable178/9 | €5k | €5k | €5k | - | €120 | - |
| Amounts payable within one year42/48 | €127k | €116k | €52k | €341k | €20k | ▼ 94.1% |
| Trade debts44 | €4k | €1k | €2k | €317k | €10k | ▼ 96.8% |
| Suppliers440/4 | €4k | €1k | €2k | €317k | €10k | ▼ 96.8% |
| Taxes, remuneration and social security45 | €2k | €826 | €5k | €4k | - | - |
| Taxes450/3 | €2k | €826 | €5k | €4k | - | - |
| Other amounts payable47/48 | €122k | €114k | €45k | €20k | €10k | ▼ 48.6% |
| Accrued charges and deferred income492/3 | €6k | €9k | €4k | €6k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €-5k | €39k | €418k | €-47k | ▼ 111% |
| + Depreciation and write-downs630 | €74k | €74k | €67k | €124k | €165k | ▲ 32.6% |
| Operating cash flow (approximation) | €86k | €68k | €106k | €542k | €117k | ▼ 78.4% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-346k | €-520k | ▼ 50.2% |
| Change in cash | - | €85k | €-279k | €77k | €270k | ▲ 252% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 9current ratio 37.96
Current ratio from 4.44 to 37.96; short-term debt falls from €341k to €20k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €418k ▲978%
Operating result €520k, net result €418k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 17.47
Current ratio from 7.52 to 17.47; short-term debt falls from €116k to €52k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Gent · 1 establishment unit since 1990
Ground area
1,634 m²
Building footprint
409 m²
Volume, LiDAR
1,983 m³
2 parcels, Flanders · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pinksterbloemstraat 1, 9030 Gent
since 19902.247.380.528
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0225/00B002 | Flanders | 913 m² | 1 · 251 m² | 16.3 m · 1 fl. |
| 44038A0240/00A000 | Flanders | 721 m² | 1 · 158 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600NVLCGVM3E51Q52
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.