MTS
Dissolution or liquidationThe KBO register records for MTS the legal situation: dissolution or liquidation (code 013); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €34k and a net result of €-5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 05-10-2023, 66 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
66 d late
2021
152 d late
2020
111 d late
2019
476 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Turnover
€163k▲ 67.2%
2021 · €98k
2019: €30k
2020: €101k
2021: €98k
2019 → 2022
EBIT margin
-2.3%▼ 10.3pp
2021 · 7.9%
2019: -35.3%
2020: 22.0%
2021: 7.9%
2019 → 2022
Net result
€-5k
2021 · €6k
2019: €-9k
2020: €22k
2021: €6k
2019 → 2022
Working capital
€30k▼ 4.8%
2021 · €31k
2019: €-5k
2020: €24k
2021: €31k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€30k-€101k▲ 234%€98k▼ 3.2%€163k▲ 67.2%
Equity€10k-€32k▲ 225%€38k▲ 19.8%€34k▼ 11.9%
Operating result€-11k-€22k€8k▼ 65.1%€-4k
Net result€-9k-€22k€6k▼ 71.3%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €4k after €8k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €46k
Fixed assets
€4k▼ 46.1%
Current assets
€42k▼ 8.9%
Equity and liabilities €46k
Equity
€34k▼ 11.9%
Debt
€12k▼ 17.5%
The debt ratio falls from 27.9% to 26.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-773▼
2021 · €17k
Cash flow
€-1k▼
2021 · €16k
Solvency
73.4%▲
2021 · 72.1%
Current ratio
3.43▲
2021 · 3.11
Quick ratio
3.43▲
2021 · 3.11
Debt / equity
0.36▼
2021 · 0.39
ROE
-13.5%▼
2021 · 16.6%
ROA
-9.9%▼
2021 · 11.9%
Interest coverage
-1.07▼
2021 · 12.05
Debt
€12k▼
2021 · €15k
Debt ≤ 1 year
€12k▼
2021 · €15k
Staff costs
€4k▼
2021 · €6k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€53k€46k▼
Formation expenses20-€200
Fixed assets21/28€7k€4k▼
Intangible fixed assets21€400-
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€46k€42k▼
Amounts receivable within one year40/41€37k€38k▲
Trade receivables40€35k€958▼
Other amounts receivable41€1k€37k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€187€108▼
Equity and liabilities
Total equity and liabilities10/49€53k€46k▼
Equity10/15€38k€34k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€316€316=
Non-distributable reserves130/1€316€316=
Reserves not available under the articles1311€316€316=
Profit (loss) carried forward14€19k€15k▼
Amounts payable17/49€15k€12k▼
Amounts payable within one year42/48€15k€12k▼
Trade debts44€14k€12k▼
Suppliers440/4€14k€12k▼
Taxes, remuneration and social security45€52€43▼
Taxes450/3€43€43=
Remuneration and social security454/9€10-
Other amounts payable47/48€688-
Income statement
Code20212022
Turnover70€98k€163k▲
Goods, raw materials, services and sundry goods60/61€78k€159k▲
Remuneration, social security and pensions62€6k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€3k▼
Other operating charges640/8€626€1k▲
Gross operating margin9900€23k€4k▼
Operating profit (loss)9901€8k€-4k▼
Financial charges65/66B€1k€724▼
Recurring financial charges65€1k€724▼
Profit (loss) for the period before taxes9903€6k€-5k▼
Profit (loss) for the period9904€6k€-5k▼
Profit (loss) for the period to be appropriated9905€6k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€15k▼
Profit (loss) brought forward from the previous period14P€13k€19k▲
Transfer to equity691/2€316-
To the legal reserve6920€316-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-10
KBO administration
Address struck
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 476 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 3.70
Current ratio from 0.79 to 3.70; short-term debt falls from €26k to €9k.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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
2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
1,211 m²
Building footprint
543 m²
Volume, LiDAR
5,354 m³
3 parcels, Brussels, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
MTS
since 20182.282.469.584
MTS SERVICES
since 20192.302.561.947
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 21492B0043/00P002 | Brussels | 426 m² | 1 · 116 m² | 18.2 m · 5 fl. |
| 21010B0160/00Y005 | Brussels | 264 m² | 1 · 102 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Group NN
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Of 6,979 companies in sector 49320 we hold annual accounts for 2,683. 2,171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-12-2018
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
49410Freight transport by road
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.