MRTNS Projects
Annual accounts 2025
abbreviated format, filed on 16-07-2026, 15 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €120,000 and €250,000.
Balance sheet
balance sheet total €189,423 on 31-12-2025in euro
in euro
Position in the sector
87.2%
Higher than 83% of 10,855 companies in 2025.
7.57
Higher than 85% of 10,477 companies in 2025.
33.2%
Higher than 90% of 10,724 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
189,423 | 133,215 | 77,950 | |
21/28 |
5,899 | 11,823 | 7,172 | |
22/27 |
5,899 | 11,823 | 7,172 | |
24 |
5,899 | 11,823 | 7,172 | |
29/58 |
183,524 | 121,392 | 70,778 | |
40/41 |
11,745 | 19,632 | 26,731 | |
40 |
- | 14,625 | 26,717 | |
41 |
11,745 | 5,007 | 15 | |
50/53 |
20,000 | - | - | |
54/58 |
151,779 | 98,887 | 42,761 | |
490/1 |
- | 2,873 | 1,286 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
189,423 | 133,215 | 77,950 | |
10/15 |
165,185 | 112,370 | 56,194 | |
10/11 |
1,501 | 1,501 | 1,501 | |
13 |
163,684 | 110,869 | - | |
133 |
163,684 | 110,869 | - | |
14 |
- | - | 54,693 | |
17/49 |
24,238 | 20,845 | 21,756 | |
42/48 |
24,238 | 20,845 | 21,756 | |
44 |
1,647 | 1,463 | 1,610 | |
440/4 |
1,647 | 1,463 | 1,610 | |
45 |
22,591 | 19,382 | 19,766 | |
450/3 |
22,591 | 19,229 | 19,766 | |
454/9 |
- | 153 | - | |
47/48 |
- | - | 381 | |
| Income statement | ||||
9900 |
83,281 | 74,782 | 72,833 | |
630 |
2,354 | 1,795 | 377 | |
640/8 |
749 | 377 | 986 | |
9901 |
80,178 | 72,610 | 71,470 | |
75/76B |
460 | 140 | 0 | |
75 |
460 | 140 | 0 | |
65/66B |
1,376 | 1,584 | 1,895 | |
65 |
1,376 | 1,584 | 1,895 | |
9903 |
79,262 | 71,167 | 69,575 | |
67/77 |
16,447 | 14,991 | 14,881 | |
9904 |
62,815 | 56,175 | 54,693 | |
9905 |
62,815 | 56,175 | 54,693 | |
| Appropriation of the result | ||||
9906 |
62,815 | 110,869 | 54,693 | |
14P |
- | 54,693 | - | |
791/2 |
10,000 | - | - | |
691/2 |
62,815 | 110,869 | - | |
6921 |
62,815 | 110,869 | - | |
694/7 |
10,000 | - | - | |
694 |
10,000 | - | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €459 awarded, €459 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €234 | €234 |
| 2024 | 1 | €225 | €225 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 82,532 | 74,406 | 71,847 | ||
| 65,169 | 57,971 | 55,071 | ||
| -3,570 | 6,446 | 7,550 | ||
| 52,892 | 56,126 | - | ||
| 159,286 | 100,546 | 49,022 | ||
| 87.2% | 84.4% | 72.1% | ||
| 7.57 | 5.82 | 3.25 | ||
| 0.15 | 0.19 | 0.39 | ||
| 38.0% | 50.0% | 97.3% | ||
| 33.2% | 42.2% | 70.2% | ||
| 59.97 | 46.98 | 37.91 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €6,446 | €7,550 |
| €2,354 | €1,795 | €377 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MRTNS Projects
The operating result for 2025 is 10% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 15.6% to 12.8%. Equity and debt are higher.