MTS
Dissolution or liquidationFinancials · financial year 2022, micro format
2022 annual accounts filed late (66 days) Filed on 5 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00479314.
Turnover
€163,317▲ 67.2%
2021 · €97,700
EBIT margin
-2.3%▼ 10.3pp
2021 · 7.9%
Net result
-€4,530
2021 · €6,322
Working capital
€29,682▼ 4.8%
2021 · €31,179
Trend over the years
2019 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €3,806 after €7,738 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€163,317
2022
Operating result-€3,806
2022
Net result-€4,530
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€45,850
2022
Equity€33,659
2022
Debt€12,191
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€29,682
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-2.3%
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Turnover€30,212-€100,918▲ 234%€97,700▼ 3.2%€163,317▲ 67.2%
Operating result-€10,675-€22,165€7,738▼ 65.1%-€3,806
Net result-€8,781-€22,048€6,322▼ 71.3%-€4,530
EBIT margin-35.3%-22.0%▲ 57.3pp7.9%▼ 14.0pp-2.3%▼ 10.3pp
Equity€9,819-€31,867▲ 225%€38,189▲ 19.8%€33,659▼ 11.9%
Total assets€35,499-€40,767▲ 14.8%€52,964▲ 29.9%€45,850▼ 13.4%
Debt€25,680-€8,900▼ 65.3%€14,775▲ 66.0%€12,191▼ 17.5%
Working capital-€5,447-€24,034€31,179▲ 29.7%€29,682▼ 4.8%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €45,650
Fixed assets
€3,777 ▼ 46.1%
Current assets
€41,873 ▼ 8.9%
Equity and liabilities €45,850
Equity
€33,659 ▼ 11.9%
Debt
€12,191 ▼ 17.5%
Debt's share of the balance-sheet total falls from 27.9% to 26.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€773▼
2021 · €17,060
Cash flow
-€1,497▼
2021 · €15,644
Current ratio
3.43▲
2021 · 3.11
Debt to 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 ≤ 1 year
€12,191▼
2021 · €14,775
Staff costs
€3,785▼
2021 · €5,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €30,212 | €100,918 | €97,700 | €163,317 | ▲ 67.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €78,388 | €159,149 | ▲ 103% |
| Remuneration, social security and pensions62 | - | - | €5,626 | €3,785 | ▼ 32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,433 | €7,433 | €9,322 | €3,033 | ▼ 67.5% |
| Other operating charges640/8 | - | - | €626 | €1,179 | ▲ 88.3% |
| Gross operating margin9900 | -€3,241 | €31,965 | €23,312 | €4,190 | ▼ 82.0% |
| Operating profit (loss)9901 | -€10,675 | €22,165 | €7,738 | -€3,806 | - |
| Recurring financial income75 | €2,203 | - | - | - | - |
| Financial charges65/66B | - | - | €1,416 | €724 | ▼ 48.9% |
| Recurring financial charges65 | €310 | €117 | €1,416 | €724 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | -€8,781 | €22,048 | €6,322 | -€4,530 | - |
| Profit (loss) for the period9904 | -€8,781 | €22,048 | €6,322 | -€4,530 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,781 | €22,048 | €6,322 | -€4,530 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,499 | €40,767 | €52,964 | €45,850 | ▼ 13.4% |
| Formation expenses20 | - | - | - | €200 | - |
| Fixed assets21/28 | €15,266 | €7,833 | €7,010 | €3,777 | ▼ 46.1% |
| Intangible fixed assets21 | €799 | €600 | €400 | - | - |
| Tangible fixed assets22/27 | €14,467 | €7,233 | €6,610 | €3,777 | ▼ 42.9% |
| Furniture and vehicles24 | - | - | €6,610 | €3,777 | ▼ 42.9% |
| Current assets29/58 | €20,233 | €32,934 | €45,954 | €41,873 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €15,998 | €29,692 | €36,619 | €37,991 | ▲ 3.7% |
| Trade receivables40 | - | - | €35,415 | €958 | ▼ 97.3% |
| Other amounts receivable41 | - | - | €1,204 | €37,034 | ▲ 31× |
| Cash at bank and in hand54/58 | €4,234 | €3,243 | €9,148 | €3,774 | ▼ 58.7% |
| Deferred charges and accrued income490/1 | - | - | €187 | €108 | ▼ 42.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,499 | €40,767 | €52,964 | €45,850 | ▼ 13.4% |
| Equity10/15 | €9,819 | €31,867 | €38,189 | €33,659 | ▼ 11.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | = |
| Reserves13 | - | - | €316 | €316 | = |
| Non-distributable reserves130/1 | - | - | €316 | €316 | = |
| Reserves not available under the articles1311 | - | - | €316 | €316 | = |
| Profit (loss) carried forward14 | -€8,781 | €13,267 | €19,273 | €14,743 | ▼ 23.5% |
| Amounts payable17/49 | €25,680 | €8,900 | €14,775 | €12,191 | ▼ 17.5% |
| Amounts payable within one year42/48 | €25,680 | €8,900 | €14,775 | €12,191 | ▼ 17.5% |
| Trade debts44 | €3,957 | €8,153 | €14,035 | €12,148 | ▼ 13.4% |
| Suppliers440/4 | - | - | €14,035 | €12,148 | ▼ 13.4% |
| Taxes, remuneration and social security45 | - | - | €52 | €43 | ▼ 18.8% |
| Taxes450/3 | - | - | €43 | €43 | = |
| Remuneration and social security454/9 | - | - | €10 | - | - |
| Other amounts payable47/48 | - | - | €688 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,781 | €22,048 | €6,322 | -€4,530 | - |
| + Depreciation and write-downs630 | €7,433 | €7,433 | €9,322 | €3,033 | ▼ 67.5% |
| Operating cash flow (approximation) | -€1,348 | €29,481 | €15,644 | -€1,497 | - |
| Investment in fixed assets (approximation) | - | €0 | -€8,499 | €200 | - |
| Change in cash | - | -€992 | €5,905 | -€5,374 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 05-10-2023 | 2023-00479314 |
| 31-12-2021 | micro format | 30-12-2022 | 2023-20552114 |
| 31-12-2020 | micro format | 19-11-2021 | 2021-78000030 |
| 31-12-2019 | micro format | 19-11-2021 | 2021-77800100 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.