MRT DEVELOPMENT
InactiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 02-09-2026 at the NBB all 27 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €260,000
Total assets
€4,418▼ 95.8%
2025 · €105,497
Net result
€37,490▼ 64.1%
2025 · €104,440
Working capital
-€33,072▲ 75.2%
2024 · -€133,349
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€50,226
▼ 53.4%
2026
20192026
Net result
€37,490
▼ 64.1%
2026
20192026
Equity
€4,418
2026
20192026
Total assets
€4,418
▼ 95.8%
2026
20192026
Debt
no figure
2026
20192026
Working capital
no figure
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€11,654--€1,168▲ 90.0%-€25,984▼ 2,124%-€52,380▼ 102%€137,577-€26,491€107,803€50,226▼ 53.4%
Net result-€16,397--€5,026▲ 69.3%-€28,038▼ 458%-€55,761▼ 98.9%€101,531-€26,942€104,440€37,490▼ 64.1%
Equity-€123,276--€128,302▼ 4.1%-€156,340▼ 21.9%-€212,101▼ 35.7%-€110,570▲ 47.9%-€137,511▼ 24.4%-€33,072▲ 75.9%€4,418
Total assets€72,414-€100,997▲ 39.5%€67,147▼ 33.5%€71,615▲ 6.7%€174,758▲ 144%€8,805▼ 95.0%€105,497▲ 12×€4,418▼ 95.8%
Debt€195,690-€229,299▲ 17.2%€223,487▼ 2.5%€283,716▲ 26.9%€285,328▲ 0.6%€146,317▼ 48.7%€138,569▼ 5.3%
Working capital-€116,924--€101,401▲ 13.3%-€106,621▼ 5.1%-€135,257▼ 26.9%-€73,500▲ 45.7%-€133,349▼ 81.4%-€33,072▲ 75.2%
Staff (FTE)4.2-4▼ 4.8%3.2▼ 20.0%4▲ 25.0%3.8▼ 5.0%0.8▼ 78.9%
The operating result for 2026 is 53% lower than in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Income taxes
€12,497▲
2025 · €3,115
The ratios are withheld because a balance sheet total of €4,418 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | - |
| full-time | 3 | 2 | - |
| part-time | 2 | 2 | - |
| in full-time equivalents | 4.2 | 3.2 | - |
| Average over the year, in full-time equivalents | 4 | 3.8 | 0.8 |
| On a permanent contract | 3 | 3 | - |
| Joined | 2 | 1 | 0 |
| Left | 1 | 2 | 4 |
| Training hours | 2,669 | - | 61 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 | 22-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €700 | €6,176 | - | - | - |
| Depreciation and write-downs of the year | €2,825 | €1,667 | €1,668 | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17,213 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €115,383 | €99,953 | €21,672 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,710 | €2,818 | €2,818 | €2,825 | €1,667 | €1,668 | - | - | - |
| Other operating charges640/8 | - | - | - | €9,599 | €36,617 | €719 | €398 | €400 | ▲ 0.4% |
| Non-recurring operating charges66A | - | - | - | - | €8,784 | - | - | - | - |
| Gross operating margin9900 | €106,516 | €92,868 | €57,536 | €75,428 | €284,598 | -€2,432 | €108,201 | €50,626 | ▼ 53.2% |
| Operating profit (loss)9901 | -€11,654 | -€1,168 | -€25,984 | -€52,380 | €137,577 | -€26,491 | €107,803 | €50,226 | ▼ 53.4% |
| Financial income75/76B | - | - | - | €43 | €1,376 | €8 | - | - | - |
| Recurring financial income75 | €24 | €13 | €41 | €43 | €1,376 | €8 | - | - | - |
| Financial charges65/66B | - | - | - | €3,395 | €37,421 | €458 | €248 | €240 | ▼ 3.3% |
| Recurring financial charges65 | €4,917 | €3,702 | €1,835 | €3,395 | €37,421 | €458 | €248 | €240 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€16,347 | -€4,858 | -€27,778 | -€55,731 | €101,531 | -€26,942 | €107,554 | €49,986 | ▼ 53.5% |
| Income taxes67/77 | €50 | €168 | €260 | €30 | - | - | €3,115 | €12,497 | ▲ 301% |
| Profit (loss) for the period9904 | -€16,397 | -€5,026 | -€28,038 | -€55,761 | €101,531 | -€26,942 | €104,440 | €37,490 | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | -€16,397 | -€5,026 | -€28,038 | -€55,761 | €101,531 | -€26,942 | €104,440 | €37,490 | ▼ 64.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €72,414 | €100,997 | €67,147 | €71,615 | €174,758 | €8,805 | €105,497 | €4,418 | ▼ 95.8% |
| Fixed assets21/28 | €12,869 | €11,125 | €8,308 | €6,182 | €1,908 | - | - | - | - |
| Intangible fixed assets21 | €8,334 | €6,667 | €5,001 | €3,334 | €1,668 | - | - | - | - |
| Tangible fixed assets22/27 | €4,295 | €4,218 | €3,067 | €2,608 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €2,608 | - | - | - | - | - |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | - | - | - | - |
| Current assets29/58 | €59,546 | €89,872 | €58,839 | €65,433 | €172,850 | €8,805 | €105,497 | €4,418 | ▼ 95.8% |
| Stocks and contracts in progress3 | €36,985 | €28,595 | €30,593 | €42,683 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €42,683 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €14,059 | €5,007 | €840 | €2,158 | €11,431 | €6,562 | €11,591 | €1,562 | ▼ 86.5% |
| Trade receivables40 | - | - | - | €1,389 | €4,943 | €2,417 | €11,591 | - | - |
| Other amounts receivable41 | - | - | - | €769 | €6,488 | €4,144 | - | €1,562 | - |
| Cash at bank and in hand54/58 | €7,357 | €55,803 | €26,940 | €18,628 | €1,467 | €429 | €93,906 | €2,856 | ▼ 97.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,965 | €159,952 | €1,815 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €72,414 | €100,997 | €67,147 | €71,615 | €174,758 | €8,805 | €105,497 | €4,418 | ▼ 95.8% |
| Equity10/15 | -€123,276 | -€128,302 | -€156,340 | -€212,101 | -€110,570 | -€137,511 | -€33,072 | €4,418 | - |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€141,868 | -€146,894 | -€174,932 | -€230,693 | -€129,162 | -€156,103 | -€51,664 | -€14,174 | ▲ 72.6% |
| Amounts payable17/49 | €195,690 | €229,299 | €223,487 | €283,716 | €285,328 | €146,317 | €138,569 | - | - |
| Amounts payable within one year42/48 | €176,470 | €191,273 | €165,461 | €200,690 | €246,351 | €142,154 | €138,569 | - | - |
| Financial debts43 | - | - | - | - | €2,979 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €2,979 | - | - | - | - |
| Trade debts44 | €58,750 | €64,708 | €62,740 | €96,164 | €62,626 | €32,428 | €22,155 | - | - |
| Suppliers440/4 | - | - | - | €96,164 | €62,626 | €32,428 | €22,155 | - | - |
| Advances received on contracts in progress46 | - | - | - | €822 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €22,870 | €21,144 | - | €6,603 | - | - |
| Taxes450/3 | - | - | - | €3,247 | €5,373 | - | €6,603 | - | - |
| Remuneration and social security454/9 | - | - | - | €19,623 | €15,771 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €80,834 | €159,603 | €109,727 | €109,811 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €83,026 | €38,977 | €4,163 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,397 | -€5,026 | -€28,038 | -€55,761 | €101,531 | -€26,942 | €104,440 | €37,490 | ▼ 64.1% |
| + Depreciation and write-downs630 | €2,710 | €2,818 | €2,818 | €2,825 | €1,667 | €1,668 | - | - | - |
| Operating cash flow (approximation) | -€13,687 | -€2,208 | -€25,220 | -€52,935 | €103,198 | -€25,274 | €104,440 | €37,490 | ▼ 64.1% |
| Investment in fixed assets (approximation) | - | -€1,075 | €0 | -€700 | €2,608 | - | - | - | - |
| Change in cash | - | €48,445 | -€28,862 | -€8,313 | -€17,160 | -€1,039 | €93,477 | -€91,050 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 22-06-2026 | micro format | 02-09-2026 | 2026-00499052 | |
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098021 | |
| 30-09-2024 | micro format | 23-04-2025 | 2025-00076226 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00071986 | |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00064456 | |
| 30-09-2021 | micro format | 21-03-2022 | 2022-08000415 | |
| 30-09-2020 | micro format | 08-03-2021 | 2021-07100141 | |
| 30-09-2019 | micro format | 25-03-2020 | 2020-07500012 | |
| 30-09-2018 | full format | 31-05-2019 | 2019-15300184 | |
| 30-09-2017 | full format | 31-05-2018 | 2018-15900151 |