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M.T.S.

Active
Public limited companyfounded 1993active for 32 yearsRue du Quarreux,Robertville 26, 4950 Waimes, BelgiumKBO/BCE: BE 0451.646.747
Summary

M.T.S. has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603,111 and a net result of -€12,388. Equity is shrinking by about 3.3% per year across the filed financial years. Its solvency ranks better than 88% of 17,033 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
M.T.S.ActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
4th largest company by equity in Waimes, Real estate sector1 site
Size
€714,546total assets 2025
Equity
€603,111
Loss
-€12,388
Turnover not published (micro format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts 88 days early1 of 5 deeds summarised
Why 94raises riskLiquidity: current ratio 34.42, cash €6,892lowers riskSize: total assets €714,546Equity €603,111 (84.4% of total assets)Founded in 1993Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 68, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 100=
equity 84.4% of total assets
Liquidity 51-1
short-term debt 1.2% · cash 1.0%
Profitability 17-50
return on assets -1.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,613 companies, NACE 68, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity ample (current ratio 34.42, compared with 63.35 in 2024, above the usual 1.5; short-term debt: 1.2% and cash: 1% of total assets), and 15.6% 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 68, micro): better than 91% on solvency, 57% on liquidity, 18% on profitability and 39% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €714,546
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 34.42, cash €6,892
NBB · annual accounts
lowers risk · Equity €603,111 (84.4% of total assets)
NBB · annual accounts
lowers risk · Founded in 1993
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
88 days early
2024
99 days early
2023
56 days early
2022
104 days early
2021
102 days early
2020
73 days early
2019
101 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 89 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% 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 23 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€12,388 View
  • Positive: Among the best 12% on solvencysector median 29.0% · 17,033 companies 84.4% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Total assets
€714,546
Loss
-€12,388
Solvency
84.4%
Total assets▼ 1.9%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
  • THUNUS MichelChair
  • SCHAUSS DeniseDirector
  • THUNUS Franck Charles EricDirector
Go to Board & ownership

Timeline

Events
36
Since
1995
Next accounts
by 31-07-2027
  1. 01-08-2023Reappointments: THUNUS Michel, SCHAUSS Denise and THUNUS…
  2. 18-04-2023Annual accounts filed
  3. 20-04-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
23-12-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
20
Annual meeting
Third Monday of April at 18:00
Purpose
“À la gestion,l'exploitation et la location d'immeubles; À une entreprise d'installation de…” (deed in French)
Statutory auditor
No statutory auditor
Go to Articles of association

Key facts about M.T.S.

What is the company number of M.T.S.?
0451.646.747. In Belgium the VAT number is the company number with BE in front: BE 0451.646.747.
Where is M.T.S. based?
The registered office is at Rue du Quarreux,Robertville 26, 4950 Waimes.Company details
What does M.T.S. do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of M.T.S.?
Public limited company (NV).
When was M.T.S. founded?
On 23-12-1993.
Is M.T.S. still active?
Yes, M.T.S. is an active enterprise in the KBO register.
What is the turnover of M.T.S.?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is M.T.S. profitable?
In financial year 2025, M.T.S. made a loss of €12,388.
Where can I find the annual accounts of M.T.S.?
M.T.S. filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of M.T.S. due?
By 31-07-2027, for financial year 2026.Timeline

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