MTAX
Annual accounts 2025
micro format, filed on 06-08-2026, 98 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €92,000 and €160,000.
Balance sheet
balance sheet total €204,927 on 30-09-2025in euro
in euro
Position in the sector
50.3%
Higher than 43% of 16,430 companies in 2025.
1.94
Higher than 45% of 16,170 companies in 2025.
6.4%
Higher than 25% of 16,307 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
204,927 | 115,153 | 86,562 | 114,549 | 81,567 | 29,657 | |
21/28 |
6,954 | 3,811 | 11,576 | 18,580 | 6,542 | 617 | |
22/27 |
6,804 | 3,661 | 11,426 | 18,580 | 6,542 | 617 | |
23 |
3,208 | 885 | 3,697 | 6,560 | 1,810 | 617 | |
24 |
3,415 | 2,550 | 7,327 | 11,441 | 3,976 | - | |
26 |
180 | 225 | 402 | 579 | 756 | - | |
28 |
150 | 150 | 150 | - | - | - | |
29/58 |
197,973 | 111,342 | 74,986 | 95,969 | 75,025 | 29,041 | |
40/41 |
175,661 | 92,518 | 55,621 | 38,993 | 30,231 | 16,151 | |
40 |
114,126 | 30,984 | 22,638 | 20,078 | 13,279 | 11,151 | |
41 |
61,535 | 61,535 | 32,983 | 18,914 | 16,952 | 5,000 | |
50/53 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | |
54/58 |
6,098 | 2,609 | 9,365 | 46,976 | 34,794 | 11,951 | |
490/1 |
6,214 | 6,214 | - | - | 0 | 938 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
204,927 | 115,153 | 86,562 | 114,549 | 81,567 | 29,657 | |
10/15 |
102,996 | 90,547 | 75,354 | 59,755 | 41,248 | 15,743 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
100,996 | 88,547 | 73,354 | 39,248 | 39,248 | - | |
130/1 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | |
1311 |
- | 10,000 | - | - | - | - | |
1312 |
10,000 | - | 10,000 | 10,000 | 10,000 | - | |
133 |
90,996 | 78,547 | 63,354 | 29,248 | 29,248 | - | |
14 |
0 | - | - | 18,507 | 0 | 13,743 | |
17/49 |
101,931 | 24,606 | 11,208 | 54,793 | 40,320 | 13,915 | |
42/48 |
101,931 | 23,995 | 11,208 | 43,993 | 40,320 | 13,690 | |
43 |
- | - | 340 | 4,112 | 2,921 | 124 | |
430/8 |
- | - | 340 | 4,112 | 2,921 | 124 | |
44 |
2,453 | 1,296 | 4,178 | 11,785 | 12,012 | 3,539 | |
440/4 |
2,453 | 1,296 | 4,178 | 11,785 | 12,012 | 3,539 | |
45 |
18,196 | 22,699 | 6,689 | 15,207 | 23,531 | 10,027 | |
450/3 |
16,696 | 22,699 | 5,079 | 13,641 | 23,531 | 10,027 | |
454/9 |
1,500 | - | 1,610 | 1,566 | - | - | |
47/48 |
81,282 | - | - | 12,888 | 1,855 | - | |
492/3 |
- | 611 | - | 10,800 | 0 | 225 | |
| Income statement | |||||||
76A |
- | - | - | - | 25,000 | - | |
9900 |
56,816 | 34,455 | 32,169 | 23,942 | 34,908 | 18,442 | |
62 |
22,973 | - | - | - | - | - | |
630 |
999 | 8,525 | 8,525 | 5,269 | 1,199 | 537 | |
640/8 |
16,220 | 4,014 | 499 | 2,028 | 1,737 | 572 | |
9901 |
16,624 | 21,915 | 23,145 | 16,645 | 31,972 | 17,333 | |
75/76B |
- | 2,278 | - | 254 | - | - | |
75 |
- | 2,278 | - | 254 | - | - | |
65/66B |
103 | 3,543 | 3,257 | 1,115 | 455 | - | |
65 |
103 | 3,543 | 3,257 | 1,115 | 455 | - | |
9903 |
16,521 | 20,650 | 19,887 | 15,784 | 31,517 | 17,333 | |
67/77 |
3,425 | 5,458 | 4,289 | -2,723 | 6,012 | 3,590 | |
9904 |
13,096 | 15,193 | 15,599 | 18,507 | 25,505 | 13,743 | |
9905 |
13,096 | 15,193 | 15,599 | 18,507 | 25,505 | 13,743 | |
| Appropriation of the result | |||||||
9906 |
12,449 | 15,193 | 34,106 | 18,507 | 39,248 | 13,743 | |
14P |
-647 | - | 18,507 | - | 13,743 | - | |
691/2 |
12,449 | 15,193 | 34,106 | - | 39,248 | - | |
6921 |
12,449 | 15,193 | 34,106 | - | 39,248 | - | |
| Document | |||||||
The notes to these accounts have 6 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 06-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 98 days after the deadline. Filed on 6 August 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00385105.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 06-08-2026 | 2026-00385105 | |
| 30-09-2024 | micro format | 25-04-2025 | 2025-00075222 | |
| 30-09-2023 | micro format | 18-04-2024 | 2024-00065667 | |
| 30-09-2022 | micro format | 17-04-2023 | 2023-00060567 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20005448 | |
| 30-09-2020 | micro format | 02-06-2021 | 2021-16500069 |
Subsidies and aid
Flemish government 2022, 1 entry, €228 awarded, €228 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 17,623 | 30,440 | 31,669 | 21,914 | 33,171 | 17,870 | ||
| 14,095 | 23,717 | 24,123 | 23,776 | 26,704 | 14,279 | ||
| 4,142 | 760 | 1,520 | 17,307 | 7,125 | 1,153 | ||
| 3,488 | -6,756 | -37,611 | 12,182 | 22,843 | - | ||
| 96,042 | 87,347 | 63,778 | 51,975 | 34,706 | 15,351 | ||
| 50.3% | 78.6% | 87.1% | 52.2% | 50.6% | 53.1% | ||
| 1.94 | 4.64 | 6.69 | 2.18 | 1.86 | 2.12 | ||
| 0.99 | 0.27 | 0.15 | 0.92 | 0.98 | 0.88 | ||
| 12.7% | 16.8% | 20.7% | 31.0% | 61.8% | 87.3% | ||
| 6.4% | 13.2% | 18.0% | 16.2% | 31.3% | 46.3% | ||
| over 100 | 8.59 | 9.72 | 19.66 | 72.89 | - |
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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,142 | €760 | €1,370 | €17,307 | €7,125 |
| Financial fixed assets | - | - | €150 | - | - |
| €999 | €8,525 | €8,525 | €5,269 | €1,199 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MTAX
The operating result for 2025 is 24% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 21.4% to 49.7%. Equity and debt are higher.