MTS
ActiveSummary
MTS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296,659 and a net result of €31,587. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency89▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.49 in 2024; short-term debt: 34.1% and cash: 0.8% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.9%
Return on assets
6.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
6 d early
2022
18 d early
2021
2 d late
2020
2 d late
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€296,659▲ 11.1%
2024 · €267,071
Total assets
€464,189▲ 0.5%
2024 · €461,883
Net result
€31,587▲ 45.9%
2024 · €21,650
Working capital
-€85,941▲ 10.8%
2024 · -€96,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,753▲ 0.7%€30,242▼ 7.7%€54,095▲ 78.9%€31,893▼ 41.0%€44,455▲ 39.4%
Net result€24,455within the sector's middle half▲ 6.3%€21,761within the sector's middle half▼ 11.0%€36,099within the sector's middle half▲ 65.9%€21,650within the sector's middle half▼ 40.0%€31,587within the sector's middle half▲ 45.9%
Equity€187,562within the sector's middle half▲ 15.0%€209,322within the sector's middle half▲ 11.6%€245,422within the sector's middle half▲ 17.2%€267,071within the sector's middle half▲ 8.8%€296,659within the sector's middle half▲ 11.1%
Total assets€418,220within the sector's middle half▲ 12.0%€520,380within the sector's middle half▲ 24.4%€468,572within the sector's middle half▼ 10.0%€461,883within the sector's middle half▼ 1.4%€464,189within the sector's middle half▲ 0.5%
Debt€230,659▲ 9.6%€311,058▲ 34.9%€223,150▼ 28.3%€194,812▼ 12.7%€167,531▼ 14.0%
Working capital-€125,564▲ 15.9%-€256,420▼ 104%-€92,558▲ 63.9%-€96,366▼ 4.1%-€85,941▲ 10.8%
Solvency44.8%within the sector's middle half▲ 1.2pp40.2%within the sector's middle half▼ 4.6pp52.4%within the sector's middle half▲ 12.2pp57.8%within the sector's middle half▲ 5.4pp63.9%within the sector's middle half▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464,189
Fixed assets
€391,872 ▲ 5.7%
Current assets
€72,318 ▼ 20.7%
Equity and liabilities €464,189
Equity
€296,659 ▲ 11.1%
Debt
€167,531 ▼ 14.0%
Debt's share of the balance-sheet total falls from 42.2% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,948▲
2024 · €43,246
Cash flow
€47,081▲
2024 · €33,003
Current ratio
0.46▼
2024 · 0.49
Debt to equity
0.56▼
2024 · 0.73
ROE
10.6%▲
2024 · 8.1%
ROA
6.8%▲
2024 · 4.7%
Interest coverage
6.33▲
2024 · 5.83
Debt ≤ 1 year
€158,258▼
2024 · €187,577
Income taxes
€7,908▲
2024 · €5,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123 | €8,393 | €481 | €11,354 | €15,493 | ▲ 36.5% |
| Other operating charges640/8 | - | €721 | €1,750 | €888 | €1,052 | ▲ 18.4% |
| Gross operating margin9900 | €33,333 | €39,356 | €56,326 | €44,135 | €61,001 | ▲ 38.2% |
| Operating profit (loss)9901 | €32,753 | €30,242 | €54,095 | €31,893 | €44,455 | ▲ 39.4% |
| Financial income75/76B | - | €1,753 | €1,410 | €3,004 | €4,513 | ▲ 50.2% |
| Recurring financial income75 | €2,554 | €1,753 | €1,410 | €3,004 | €4,513 | ▲ 50.2% |
| Financial charges65/66B | - | €4,474 | €6,674 | €7,414 | €9,473 | ▲ 27.8% |
| Recurring financial charges65 | €4,470 | €4,474 | €6,674 | €7,414 | €9,473 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €30,837 | €27,521 | €48,831 | €27,482 | €39,495 | ▲ 43.7% |
| Income taxes67/77 | €6,382 | €5,761 | €12,731 | €5,832 | €7,908 | ▲ 35.6% |
| Profit (loss) for the period9904 | €24,455 | €21,761 | €36,099 | €21,650 | €31,587 | ▲ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €24,455 | €21,761 | €36,099 | €21,650 | €31,587 | ▲ 45.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,220 | €520,380 | €468,572 | €461,883 | €464,189 | ▲ 0.5% |
| Fixed assets21/28 | €317,422 | €470,167 | €344,597 | €370,672 | €391,872 | ▲ 5.7% |
| Tangible fixed assets22/27 | €905 | €153,650 | €28,081 | €54,155 | €75,355 | ▲ 39.1% |
| Furniture and vehicles24 | - | €153,650 | €28,081 | €53,855 | €75,055 | ▲ 39.4% |
| Other tangible fixed assets26 | - | - | - | €300 | €300 | = |
| Financial fixed assets28 | €316,517 | €316,517 | €316,517 | €316,517 | €316,517 | = |
| Current assets29/58 | €100,799 | €50,213 | €123,974 | €91,211 | €72,318 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €88,219 | €37,962 | €89,782 | €71,963 | €62,730 | ▼ 12.8% |
| Trade receivables40 | - | €13,979 | €9,782 | €21,294 | €15,303 | ▼ 28.1% |
| Other amounts receivable41 | - | €23,983 | €80,000 | €50,669 | €47,427 | ▼ 6.4% |
| Cash at bank and in hand54/58 | €9,429 | €2,757 | €27,783 | €9,839 | €3,870 | ▼ 60.7% |
| Deferred charges and accrued income490/1 | - | €9,494 | €6,410 | €9,409 | €5,718 | ▼ 39.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,220 | €520,380 | €468,572 | €461,883 | €464,189 | ▲ 0.5% |
| Equity10/15 | €187,562 | €209,322 | €245,422 | €267,071 | €296,659 | ▲ 11.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €181,362 | €203,122 | €239,222 | €260,871 | €290,459 | ▲ 11.3% |
| Non-distributable reserves130/1 | - | €2,835 | €2,835 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,835 | €2,835 | €0 | - | - |
| Distributable reserves133 | - | €200,288 | €236,387 | €260,871 | €290,459 | ▲ 11.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €230,659 | €311,058 | €223,150 | €194,812 | €167,531 | ▼ 14.0% |
| Amounts payable within one year42/48 | €226,363 | €306,633 | €216,533 | €187,577 | €158,258 | ▼ 15.6% |
| Trade debts44 | €1,502 | €4,903 | €2,814 | €1,793 | €1,266 | ▼ 29.4% |
| Suppliers440/4 | - | €4,903 | €2,814 | €1,793 | €1,266 | ▼ 29.4% |
| Taxes, remuneration and social security45 | - | €800 | €15,766 | €7,627 | €2,701 | ▼ 64.6% |
| Taxes450/3 | - | €800 | €15,766 | €7,627 | €2,701 | ▼ 64.6% |
| Other amounts payable47/48 | - | €300,930 | €197,953 | €178,157 | €154,291 | ▼ 13.4% |
| Accrued charges and deferred income492/3 | - | €4,425 | €6,617 | €7,235 | €9,272 | ▲ 28.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,455 | €21,761 | €36,099 | €21,650 | €31,587 | ▲ 45.9% |
| + Depreciation and write-downs630 | €123 | €8,393 | €481 | €11,354 | €15,493 | ▲ 36.5% |
| Operating cash flow (approximation) | €24,578 | €30,153 | €36,580 | €33,003 | €47,081 | ▲ 42.7% |
| Investment in fixed assets (approximation) | - | -€161,138 | €125,088 | -€37,428 | -€36,693 | ▲ 2.0% |
| Change in cash | - | -€6,672 | €25,026 | -€17,944 | -€5,969 | ▲ 66.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €21,650 ▼40%
Net result drops to €21,650, the lowest in the series; recovery starts the following year.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €36,099 ▲65.9%
Operating result €54,095, net result €36,099, both a record.
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €209,322 ▲11.6%
4 profitable years in a row build equity to €209,322.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
31-03
Financial
Equity above €150,000Eq €163,107 ▲16.4%
2 profitable years in a row build equity to €163,107.
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Registered office, Jabbeke · 1 establishment unit since 2003
Ground area
2,328 m²
Building footprint
241 m²
Volume, LiDAR
1,313 m³
Parcel 31442C0646/00G000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MTS
since 20032.134.482.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0646/00G000 | Flanders | 2,328 m² | 1 · 241 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
75.2%
According to the annual accounts to 31-03-2025 of MTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 38,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861348419
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.