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MTL-PROJECTS

Active Private limited companyfounded 2019active for 7 yearsButswervestraat 5, 9990 MaldegemKBO/BCE: BE 0728.924.415
MTL-PROJECTS
Financial year 2025
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Annual accounts 2025

micro format, filed on 13-10-2026, 74 days late
€257,695
▲ 38.0%
€200,285
▲ 13.3%
€111,929
▼ 13.3%
€7,321
▲ €138,695
17.0%
▼ 5.4 percentage points
1.02
▲ 0.21

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €370,000. Estimated: probably between €310,000 and €650,000.

Balance sheet

balance sheet total €2.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

17.0%

Higher than 21% of 39,364 companies in 2025.

1.02

Higher than 25% of 38,048 companies in 2025.

4.6%

Higher than 31% of 38,520 companies in 2025.

MTL-PROJECTS Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 2.4m2.2m1.3m752,011352,751208,13262,264
21/28 2.1m1.7m689,511348,080---
22/27 2.1m1.7m689,511348,080---
22 2.1m1.5m513,746348,080---
27 -210,755175,766----
29/58 348,991556,548581,975403,931352,751208,13262,264
3 18,476--3,609---
30/36 18,476--3,609---
40/41 181,783426,798523,777354,734232,111133,80556,447
40 176,565363,471480,160350,885232,095133,80556,444
41 5,21763,32743,6173,84916-3
54/58 147,536129,74958,19945,588114,14074,3275,817
490/1 1,197---6,500--
Balance sheet: equity and liabilities
10/49 2.4m2.2m1.3m752,011352,751208,13262,264
10/15 408,681496,752372,639279,518264,710171,36247,972
10/11 1,0001,0001,0001,0001,0001,0001,000
100 ------1,000
13 171,639371,639371,639278,518263,710170,36246,972
133 171,639371,639371,639278,518263,710170,36246,972
14 236,042124,113-----
17/49 2.0m1.7m898,848472,49288,04136,77014,292
17 1.7m1.0m595,127181,138---
170/4 1.7m1.0m595,127181,138---
42/48 341,671687,922303,722291,35588,04136,77014,292
42 93,58432,24311,65911,407---
44 17,193571,137226,737245,660-401-
440/4 17,193571,137226,737245,660-401-
45 125,21979,54260,32634,28862,26334,91512,754
450/3 125,21979,54260,32634,28862,26334,91512,754
47/48 105,6755,0005,000-25,7781,4541,537
Income statement
76A 174------
9900 257,695186,687143,208264,335117,992157,75459,077
630 57,1379,312-68,883---
640/8 272576681632-72541
66A ---170,520---
9901 200,285176,798142,52724,300117,992157,02959,036
75/76B 2,3691,501855255---
75 2,3691,501855255---
65/66B 69,14625,92023,3585,58519417626
65 69,14625,92023,3585,58519417626
9903 133,509152,379120,02418,970117,798156,85359,011
67/77 21,58023,26621,9044,16224,44933,46312,038
9904 111,929129,11398,12014,80893,348123,39046,972
9905 111,929129,11398,12014,80893,348123,39046,972
Appropriation of the result
9906 236,042129,11398,12014,80893,348123,39046,972
14P 124,113------
791/2 200,000------
691/2 --93,12014,80893,348123,39046,972
6921 --93,12014,80893,348123,39046,972
694/7 200,0005,0005,000----
694 200,000------
695 -5,0005,000----
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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 13-10-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 74 days after the deadline. Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557940.

Financial year Type Filed Reference Document
31-12-2025 micro format 13-10-2026 2026-00557940 PDF
31-12-2024 micro format 24-09-2025 2025-00516676 PDF
31-12-2023 micro format 03-10-2024 2024-00499167 PDF
31-12-2022 micro format 05-10-2023 2023-00474012 PDF
31-12-2021 micro format 29-07-2022 2022-20274134 PDF
31-12-2020 micro format 11-08-2021 2021-47600576 PDF
31-12-2019 micro format 02-09-2020 2020-50000068 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
257,422186,111-93,183---
169,066138,426-83,692---
551,382774,691341,431418,519---
17,78671,55012,611-68,55239,81368,510-
7,321-131,374278,254112,576264,710171,36247,972
17.0%22.4%29.3%37.2%75.0%82.3%77.0%
1.020.811.921.394.015.664.36
0.970.811.921.374.015.664.36
4.893.472.411.690.330.210.30
27.4%26.0%26.3%5.3%35.3%72.0%97.9%
4.6%5.8%7.7%2.0%26.5%59.3%75.4%
3.727.18-16.69---

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
Item20252024202320222021
Tangible fixed assets€551,382€774,691€341,431€418,519-
€57,137€9,312-€68,883-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MTL-PROJECTS

The operating result for 2025 is 13% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 77.6% to 83.0%. Equity is lower and debt is higher.

Next steps

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