MTD Maritime Services

Active

Private limited companyfounded 200521 yrs activeScheldelaan zn, 2030 Antwerpen, BelgiumKBO/BCE: BE 0872.380.386

MTD Maritime Services has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €753k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 25% of 1786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

56 / 100

Fair▼ -12 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency24=

Growth78=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity short (current ratio 0.98 against 1.01 in 2024), and 80.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

19.9%

Return on assets

12.1%

Age of the figures

11 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

20 d early

2024

27 d early

2023

40 d early

2022

27 d early

2021

38 d early

2020

23 d early

2019

38 d early

← before the deadline after the deadline →

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 months

Position in the running window

07-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€1.24M▲ 0.2%

2024 · €1.23M

2018: €816k 2019: €829k 2020: €839k 2021: €827k 2022: €1.08M 2023: €1.09M 2024: €1.23M

2018 → 2025

Total assets

€6.22M▼ 5.0%

2024 · €6.55M

2018: €2.38M 2019: €3.11M 2020: €3.00M 2021: €3.88M 2022: €5.19M 2023: €6.25M 2024: €6.55M

2018 → 2025

Net result

€753k▲ 16.9%

2024 · €644k

2018: €104k 2019: €204k 2020: €210k 2021: €688k 2022: €954k 2023: €909k 2024: €644k

2018 → 2025

Working capital

€-79k

2024 · €29k

2018: €700k 2019: €405k 2020: €406k 2021: €600k 2022: €530k 2023: €-82k 2024: €29k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€827k-€1.08M▲ 30.8%€1.09M▲ 0.8%€1.23M▲ 13.2%€1.24M▲ 0.2%

Operating result€921k-€1.30M▲ 41.6%€1.27M▼ 2.9%€919k▼ 27.5%€1.09M▲ 18.3%

Net result€688k-€954k▲ 38.8%€909k▼ 4.8%€644k▼ 29.1%€753k▲ 16.9%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 18% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.22M

32.1%

67.9%

Fixed assets €2.00M▼ 3.4%

Current assets €4.22M▼ 5.8%

Equity and liabilities €6.22M

19.9%

80.1%

Equity €1.24M▲ 0.2%

Debt €4.98M▼ 6.3%

The debt ratio falls from 81.2% to 80.1%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.31M▲

2024 · €1.12M

Cash flow

€980k▲

2024 · €844k

Solvency

19.9%▲

2024 · 18.8%

Current ratio

0.98▼

2024 · 1.01

Quick ratio

0.98▼

2024 · 1.01

Debt / equity

4.03▼

2024 · 4.31

ROE

60.9%▲

2024 · 52.2%

ROA

12.1%▲

2024 · 9.8%

Interest coverage

23.83▲

2024 · 21.45

Debt

€4.98M▼

2024 · €5.31M

Debt ≤ 1 year

€4.30M▼

2024 · €4.45M

Debt > 1 year

€634k▼

2024 · €793k

Income taxes

€289k▲

2024 · €240k

Staff costs

€1.06M▲

2024 · €870k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€6.55M€6.22M▼

Fixed assets21/28€2.07M€2.00M▼

Intangible fixed assets21€24k€11k▼

Tangible fixed assets22/27€2.04M€1.99M▼

Plant, machinery and equipment23€2.00M€1.94M▼

Furniture and vehicles24€5k€7k▲

Leasing and similar rights25€35k€30k▼

Other tangible fixed assets26€9k€7k▼

Current assets29/58€4.48M€4.22M▼

Amounts receivable within one year40/41€3.64M€3.67M▲

Trade receivables40€2.80M€2.87M▲

Other amounts receivable41€840k€804k▼

Cash at bank and in hand54/58€756k€474k▼

Deferred charges and accrued income490/1€84k€75k▼

Equity and liabilities

Total equity and liabilities10/49€6.55M€6.22M▼

Equity10/15€1.23M€1.24M▲

Contributions10/11€578k€578k=

Reserves13€656k€658k▲

Distributable reserves133€656k€658k▲

Amounts payable17/49€5.31M€4.98M▼

Amounts payable after more than one year17€793k€634k▼

Financial debts170/4€793k€634k▼

Amounts payable within one year42/48€4.45M€4.30M▼

Current portion of amounts payable after more than one year42€405k€459k▲

Financial debts43€425k€425k=

Credit institutions430/8€425k€425k=

Trade debts44€3.04M€2.43M▼

Suppliers440/4€3.04M€2.43M▼

Taxes, remuneration and social security45€78k€125k▲

Taxes450/3€675€203▼

Remuneration and social security454/9€77k€125k▲

Other amounts payable47/48€500k€858k▲

Accrued charges and deferred income492/3€72k€49k▼

Income statement Code20242025

Remuneration, social security and pensions62€870k€1.06M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€200k€227k▲

Other operating charges640/8€7k€9k▲

Gross operating margin9900€2.00M€2.38M▲

Operating profit (loss)9901€919k€1.09M▲

Financial income75/76B€17k€10k▼

Recurring financial income75€17k€10k▼

Financial charges65/66B€52k€55k▲

Recurring financial charges65€52k€55k▲

Profit (loss) for the period before taxes9903€884k€1.04M▲

Income taxes67/77€240k€289k▲

Profit (loss) for the period9904€644k€753k▲

Profit (loss) for the period to be appropriated9905€644k€753k▲

Appropriation of the result

Profit (loss) to be appropriated9906€644k€753k▲

Transfer to equity691/2€144k€3k▼

To other reserves6921€144k€3k▼

Profit to be distributed694/7€500k€750k▲

Return on contributions (dividend)694€500k€750k▲

Social balance

Average headcount (FTE)908710.812.7▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 30-04-2027

2026

10-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

03-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

21-03

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

03-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-09

Financial Highest result since 2018net €954k ▲38.8%

Operating result €1.30M, net result €954k, both a record.

30-09

Financial Equity above €1MEq €1.08M ▲30.8%

5 profitable years in a row build equity to €1.08M.

23-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

07-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

23-03

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

29-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 29 days late

2018

16-05

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 16 days late

2017

12-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 12 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 9 acts read

About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, last change in 2022

BV Beaver Creek

Director · since 04-01-2022 · Legal entity

Current

04-01-2022 BV Beaver Creek: Appointed as Director

04-01-2022 BV Bastille & Molko: Resigned as Director

Not every act has been read: a resignation may be missing here

9 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2005

approximate (street level) On OpenStreetMap

Ground area

6.6 ha

Building footprint

35 m²

Volume, LiDAR

327 m³

Parcel 11816D0084/02R000, Flanders · tallest building 19.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MTD Recycling