MTAX
ActiveSummary
MTAX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €13k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-8
Solvency75▼-25
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.94 against 4.64 in 2024; short-term debt: 49.7% and cash: 3% of total assets), and 49.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
50.3%
Return on assets
6.4%
Age of the figures
12 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-08-2026, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
98 d late
2024
5 d early
2023
12 d early
2022
13 d early
2021
9 d early
2020
33 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 13.7%
2024 · €91k
2020: €16klowest in 6 years
2021: €41k▲ +162% vs 2020
2022: €60k▲ +44.9% vs 2021
2023: €75k▲ +26.1% vs 2022
2024: €91k▲ +20.2% vs 2023
2025: €103k▲ +13.7% vs 2024highest in 6 years
2020 → 2025
Total assets
€205k▲ 78.0%
2024 · €115k
2020: €30klowest in 6 years
2021: €82k▲ +175% vs 2020
2022: €115k▲ +40.4% vs 2021
2023: €87k▼ -24.4% vs 2022
2024: €115k▲ +33.0% vs 2023
2025: €205k▲ +78.0% vs 2024highest in 6 years
2020 → 2025
Net result
€13k▼ 13.8%
2024 · €15k
2020: €14k
2021: €26k▲ +85.6% vs 2020highest in 6 years
2022: €19k▼ -27.4% vs 2021
2023: €16k▼ -15.7% vs 2022
2024: €15k▼ -2.6% vs 2023
2025: €13k▼ -13.8% vs 2024lowest in 6 years
2020 → 2025
Working capital
€96k▲ 10.0%
2024 · €87k
2020: €15klowest in 6 years
2021: €35k▲ +126% vs 2020
2022: €52k▲ +49.8% vs 2021
2023: €64k▲ +22.7% vs 2022
2024: €87k▲ +37.0% vs 2023
2025: €96k▲ +10.0% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€60k▲ 44.9%€75k▲ 26.1%€91k▲ 20.2%€103k▲ 13.7%
2021: €41klowest in 5 years
2022: €60k▲ +44.9% vs 2021
2023: €75k▲ +26.1% vs 2022
2024: €91k▲ +20.2% vs 2023
2025: €103k▲ +13.7% vs 2024highest in 5 years
Operating result€32k-€17k▼ 47.9%€23k▲ 39.0%€22k▼ 5.3%€17k▼ 24.1%
2021: €32khighest in 5 years
2022: €17k▼ -47.9% vs 2021
2023: €23k▲ +39.0% vs 2022
2024: €22k▼ -5.3% vs 2023
2025: €17k▼ -24.1% vs 2024lowest in 5 years
Net result€26k-€19k▼ 27.4%€16k▼ 15.7%€15k▼ 2.6%€13k▼ 13.8%
2021: €26khighest in 5 years
2022: €19k▼ -27.4% vs 2021
2023: €16k▼ -15.7% vs 2022
2024: €15k▼ -2.6% vs 2023
2025: €13k▼ -13.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205k
Fixed assets
€7k ▲ 82.5%
Current assets
€198k ▲ 77.8%
Equity and liabilities €205k
Equity
€103k ▲ 13.7%
Debt
€102k ▲ 314%
Debt's share of the balance-sheet total rises from 21.4% to 49.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €30k
Cash flow
€14k▼
2024 · €24k
Current ratio
1.94▼
2024 · 4.64
Debt to equity
0.99▲
2024 · 0.27
ROE
12.7%▼
2024 · 16.8%
ROA
6.4%▼
2024 · 13.2%
Interest coverage
171.45▲
2024 · 8.59
Debt ≤ 1 year
€102k▲
2024 · €24k
Income taxes
€3k▼
2024 · €5k
Staff costs
€23k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€115k€205k▲
Fixed assets21/28€4k€7k▲
Tangible fixed assets22/27€4k€7k▲
Plant, machinery and equipment23€885€3k▲
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€225€180▼
Financial fixed assets28€150€150=
Current assets29/58€111k€198k▲
Amounts receivable within one year40/41€93k€176k▲
Trade receivables40€31k€114k▲
Other amounts receivable41€62k€62k=
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€6k€6k=
Equity and liabilities
Total equity and liabilities10/49€115k€205k▲
Equity10/15€91k€103k▲
Contributions10/11€2k€2k=
Reserves13€89k€101k▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k-
Own shares acquired1312-€10k
Distributable reserves133€79k€91k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€25k€102k▲
Amounts payable within one year42/48€24k€102k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€23k€18k▼
Taxes450/3€23k€17k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€81k
Accrued charges and deferred income492/3€611-
Income statement
Code20242025
Remuneration, social security and pensions62-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€999▼
Other operating charges640/8€4k€16k▲
Gross operating margin9900€34k€57k▲
Operating profit (loss)9901€22k€17k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€4k€103▼
Recurring financial charges65€4k€103▼
Profit (loss) for the period before taxes9903€21k€17k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€15k€13k▼
Profit (loss) for the period to be appropriated9905€15k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€12k▼
Profit (loss) brought forward from the previous period14P-€-647
Transfer to equity691/2€15k€12k▼
To other reserves6921€15k€12k▼
The notes to these accounts (6 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 | €25k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €23k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €5k | €9k | €9k | €999 | ▼ 88.3% |
| Other operating charges640/8 | €2k | €2k | €499 | €4k | €16k | ▲ 304% |
| Gross operating margin9900 | €35k | €24k | €32k | €34k | €57k | ▲ 64.9% |
| Operating profit (loss)9901 | €32k | €17k | €23k | €22k | €17k | ▼ 24.1% |
| Financial income75/76B | - | €254 | - | €2k | - | - |
| Recurring financial income75 | - | €254 | - | €2k | - | - |
| Financial charges65/66B | €455 | €1k | €3k | €4k | €103 | ▼ 97.1% |
| Recurring financial charges65 | €455 | €1k | €3k | €4k | €103 | ▼ 97.1% |
| Profit (loss) for the period before taxes9903 | €32k | €16k | €20k | €21k | €17k | ▼ 20.0% |
| Income taxes67/77 | €6k | €-3k | €4k | €5k | €3k | ▼ 37.2% |
| Profit (loss) for the period9904 | €26k | €19k | €16k | €15k | €13k | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €26k | €19k | €16k | €15k | €13k | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82k | €115k | €87k | €115k | €205k | ▲ 78.0% |
| Fixed assets21/28 | €7k | €19k | €12k | €4k | €7k | ▲ 82.5% |
| Tangible fixed assets22/27 | €7k | €19k | €11k | €4k | €7k | ▲ 85.9% |
| Plant, machinery and equipment23 | €2k | €7k | €4k | €885 | €3k | ▲ 262% |
| Furniture and vehicles24 | €4k | €11k | €7k | €3k | €3k | ▲ 33.9% |
| Other tangible fixed assets26 | €756 | €579 | €402 | €225 | €180 | ▼ 20.0% |
| Financial fixed assets28 | - | - | €150 | €150 | €150 | = |
| Current assets29/58 | €75k | €96k | €75k | €111k | €198k | ▲ 77.8% |
| Amounts receivable within one year40/41 | €30k | €39k | €56k | €93k | €176k | ▲ 89.9% |
| Trade receivables40 | €13k | €20k | €23k | €31k | €114k | ▲ 268% |
| Other amounts receivable41 | €17k | €19k | €33k | €62k | €62k | = |
| Current investments50/53 | €10k | €10k | €10k | €10k | €10k | = |
| Cash at bank and in hand54/58 | €35k | €47k | €9k | €3k | €6k | ▲ 134% |
| Deferred charges and accrued income490/1 | €0 | - | - | €6k | €6k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82k | €115k | €87k | €115k | €205k | ▲ 78.0% |
| Equity10/15 | €41k | €60k | €75k | €91k | €103k | ▲ 13.7% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €39k | €39k | €73k | €89k | €101k | ▲ 14.1% |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves not available under the articles1311 | - | - | - | €10k | - | - |
| Own shares acquired1312 | €10k | €10k | €10k | - | €10k | - |
| Distributable reserves133 | €29k | €29k | €63k | €79k | €91k | ▲ 15.8% |
| Profit (loss) carried forward14 | €0 | €19k | - | - | €0 | - |
| Amounts payable17/49 | €40k | €55k | €11k | €25k | €102k | ▲ 314% |
| Amounts payable within one year42/48 | €40k | €44k | €11k | €24k | €102k | ▲ 325% |
| Financial debts43 | €3k | €4k | €340 | - | - | - |
| Credit institutions430/8 | €3k | €4k | €340 | - | - | - |
| Trade debts44 | €12k | €12k | €4k | €1k | €2k | ▲ 89.2% |
| Suppliers440/4 | €12k | €12k | €4k | €1k | €2k | ▲ 89.2% |
| Taxes, remuneration and social security45 | €24k | €15k | €7k | €23k | €18k | ▼ 19.8% |
| Taxes450/3 | €24k | €14k | €5k | €23k | €17k | ▼ 26.4% |
| Remuneration and social security454/9 | - | €2k | €2k | - | €2k | - |
| Other amounts payable47/48 | €2k | €13k | - | - | €81k | - |
| Accrued charges and deferred income492/3 | €0 | €11k | - | €611 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €19k | €16k | €15k | €13k | ▼ 13.8% |
| + Depreciation and write-downs630 | €1k | €5k | €9k | €9k | €999 | ▼ 88.3% |
| Operating cash flow (approximation) | €27k | €24k | €24k | €24k | €14k | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | €-17k | €-2k | €-760 | €-4k | ▼ 445% |
| Change in cash | - | €12k | €-38k | €-7k | €3k | ▲ 152% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 98 days late
22-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
2025
30-09
Financial
Weakest financial yearnet €13k ▼13.8%
Net result drops to €13k, the lowest in the series.
30-09
Financial
Equity above €100kEq €103k ▲13.7%
6 profitable years in a row build equity to €103k.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 6.69
Current ratio from 2.18 to 6.69; short-term debt falls from €44k to €11k.
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2020net €26k ▲85.6%
Operating result €32k, net result €26k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zandhoven · 1 establishment unit since 2020
Ground area
1,754 m²
Building footprint
155 m²
Volume, LiDAR
971 m³
Parcel 11033B0142/00H000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MTAX
since 20202.304.162.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033B0142/00H000 | Flanders | 1,754 m² | 1 · 154 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 228 EUR awarded · 228 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 228 EUR | 228 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,479 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-2020
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
85329Education
85592Vocational training
Contact
Website
www.cmeesters.be
Website
www.numb3rs.be
E-mail
cmeesters@gmail.com
E-mail
hello@numb3rs.be
Phone
+32483432322
Phone
0483432322
Scores and ratios are computed by Checked and are not a credit decision.