MTS

Dissolution or liquidation

Private limited company (pre-2019)founded 2018KBO/BCE: BE 0715.564.941

The 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.

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Signals

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

+raises risk○neutral

The KBO register records the legal situation: dissolution or liquidation (code 013). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

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 filings

Deviation 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 →

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 publications

Publications

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

91.7%

Fixed assets €4k▼ 46.1%

Current assets €42k▼ 8.9%

Equity and liabilities €46k

73.4%

26.6%

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

2022 value · change against 2021

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.

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Timeline · acts, filings and financial milestones

All 7Signals 1Financial 2Filings 4

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

7 directors, no change since 2024

MALOU MADIAMU KHENDA

Director · since 26-12-2024

Current

EL MAILI NOUR EDDINE

Director · since 08-07-2024

Current

GHBALOU ABDESSELAM

Director · since 08-07-2024

Current

EL KHADIRI YOUSSEF

Director · since 12-05-2023

Current

26-12-2024 MALOU MADIAMU KHENDA: Appointed as Director

26-12-2024 ACHAB MOUNIR: Resigned as Director

13-08-2024 ACHAB MOUNIR: Appointed as Director

08-07-2024 EL MAILI NOUR EDDINE: Appointed as Director

08-07-2024 GHBALOU ABDESSELAM: Appointed as Director

17-06-2024 EL MAILI NOUR EDDINE: Resigned as Director

17-06-2024 GHBALOU ABDESSELAM: Resigned as Director

17-06-2024 LOUZARI HICHAM: Resigned as Director

05-10-2023 ACHAB MOUNIR: Appointed as Director

01-06-2023 ACHAB MOUNIR: Resigned as Director

12-05-2023 EL KHADIRI YOUSSEF: Appointed as Director

28-03-2023 ACHAB MOUNIR: Appointed as Director

31-01-2023 BENADDI MOHAMED: Resigned as Director

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

Land transport and transport via pipelines

since 20182.282.469.584

MTS SERVICES

Pierre Verscheldenstraat 31, 1090 JetteManufacture of metal structures and parts of structures

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.