MTC
Annual accounts 2024
abbreviated format, filed on 31-08-2025, 31 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €691,914 on 31-12-2024in euro
in euro
Position in the sector
-9.7%
Higher than 13% of 91 companies in 2024.
0.86
Higher than 20% of 88 companies in 2024.
-26.2%
Higher than 8% of 88 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: bottom quarter
Staff
€29,063
Staff costs divided by the average number of full-time equivalents.
Blue and white collar3 blue-collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
691,914 | 659,752 | 678,361 | 755,067 | 259,194 | |
21/28 |
37,587 | 15,010 | 12,533 | 12,533 | 9,274 | |
22/27 |
6,107 | 8,530 | 6,053 | 6,053 | 9,274 | |
24 |
2,187 | 4,120 | 6,053 | 6,053 | 9,274 | |
26 |
3,920 | 4,410 | - | - | - | |
28 |
31,480 | 6,480 | 6,480 | 6,480 | - | |
29/58 |
654,328 | 644,742 | 665,828 | 742,534 | 249,920 | |
40/41 |
641,087 | 529,350 | 658,060 | 596,808 | 136,983 | |
40 |
447,334 | 434,685 | 457,227 | 499,598 | 134,424 | |
41 |
193,753 | 94,665 | 200,833 | 97,209 | 2,559 | |
54/58 |
13,241 | 115,392 | 7,768 | 145,726 | 112,937 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
691,914 | 659,752 | 678,361 | 755,067 | 259,194 | |
10/15 |
-67,188 | 113,904 | 156,334 | 128,645 | 61,322 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
500 | 500 | 500 | 500 | 500 | |
130/1 |
500 | 500 | 500 | 500 | 500 | |
1311 |
500 | 500 | 500 | 500 | 500 | |
14 |
-72,688 | 108,404 | 150,834 | 123,145 | 55,822 | |
17/49 |
759,102 | 545,848 | 522,027 | 626,422 | 197,872 | |
42/48 |
759,102 | 545,848 | 522,027 | 626,422 | 197,872 | |
44 |
183,553 | 16,791 | 180,057 | 614,757 | 180,505 | |
440/4 |
183,553 | 16,791 | 180,057 | 614,757 | 180,505 | |
46 |
487,850 | 485,850 | 325,465 | - | - | |
45 |
52,675 | 39,320 | 12,699 | 8,140 | 17,368 | |
450/3 |
19,457 | 15,418 | 6,741 | 2,349 | 17,368 | |
454/9 |
33,218 | 23,902 | 5,959 | 5,791 | - | |
47/48 |
35,024 | 3,886 | 3,805 | 3,525 | - | |
| Income statement | ||||||
9900 |
-66,232 | 52,973 | 94,789 | 91,984 | 63,454 | |
62 |
98,813 | 86,893 | 63,084 | 18,705 | - | |
630 |
2,423 | 2,423 | - | 3,222 | 1,491 | |
640/8 |
4,126 | 2,428 | 3,325 | 2,415 | 494 | |
9901 |
-171,594 | -38,771 | 28,380 | 67,643 | 61,469 | |
75/76B |
- | - | - | 0 | 0 | |
75 |
- | - | - | 0 | 0 | |
65/66B |
3,125 | 2,660 | 690 | 321 | 5,147 | |
65 |
3,125 | 2,660 | 690 | 321 | 5,147 | |
9903 |
-174,719 | -41,431 | 27,690 | 67,323 | 56,322 | |
67/77 |
6,373 | 1,000 | - | - | - | |
9904 |
-181,092 | -42,431 | 27,690 | 67,323 | 56,322 | |
9905 |
-181,092 | -42,431 | 27,690 | 67,323 | 56,322 | |
| Appropriation of the result | ||||||
9906 |
-72,688 | 108,404 | 150,834 | 123,145 | 56,322 | |
14P |
108,404 | 150,834 | 123,145 | 55,822 | - | |
691/2 |
- | - | - | - | 500 | |
6920 |
- | - | - | - | 500 | |
| Social balance sheet | ||||||
9087 |
3.4 | 3.2 | 1.8 | - | - | |
Hours worked1013 |
4,227 | 4,195 | 2,844 | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 31 days after the deadline. Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00482987.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00482987 | |
| 31-12-2023 | abbreviated format | 31-10-2024 | 2024-00522297 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00422721 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20426154 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52800467 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -169,171 | -36,348 | - | 70,865 | 62,960 | ||
| -178,669 | -40,008 | - | 70,545 | 57,813 | ||
| 25,000 | 4,900 | - | 6,480 | 10,765 | ||
| -102,151 | 107,623 | -137,958 | 32,789 | - | ||
| -104,775 | 98,894 | 143,802 | 116,112 | 52,048 | ||
| -9.7% | 17.3% | 23.0% | 17.0% | 23.7% | ||
| 0.86 | 1.18 | 1.28 | 1.19 | 1.26 | ||
| - | 4.79 | 3.34 | 4.87 | 3.23 | ||
| - | -37.3% | 17.7% | 52.3% | 91.8% | ||
| -26.2% | -6.4% | 4.1% | 8.9% | 21.7% | ||
| -54.14 | -13.67 | - | over 100 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 6 | 4 | 2 |
| full-time | 6 | 4 | 1 |
| part-time | - | - | 1 |
| in full-time equivalents | 6 | 4 | 1.3 |
| 4.4 | 3.2 | 1.8 | |
| On a permanent contract | 6 | 4 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,900 | - | - |
| Financial fixed assets | €25,000 | - | - | €6,480 |
| €2,423 | €2,423 | - | €3,222 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on MTC
The operating result for 2024 is a loss of €171,594, larger than the loss of €38,771 in 2023. It is the lowest result since 2020.
Equity is negative. Debt (€759,102) exceeds the balance-sheet total (€691,914).