MTS Consultancy
ActiveSummary
MTS Consultancy has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109,759 and a net result of €25,695. Equity is growing by ~23% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 8.09 against 9.97 in 2023; short-term debt: 11.9% and cash: 87.7% of total assets), and 11.9% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
45 d early
2023
47 d early
2022
52 d early
2021
48 d early
2020
43 d early
2019
46 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 46 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€109,759▲ 23.1%
2023 · €89,184
Total assets
€124,586▲ 25.9%
2023 · €98,988
Net result
€25,695▲ 2.3%
2023 · €25,109
Working capital
€105,059▲ 19.4%
2023 · €87,968
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Operating result€22,406▲ 52.0%€29,237▲ 30.5%€32,498▲ 11.2%€35,738▲ 10.0%€35,875▲ 0.4%
Net result€15,575within the sector's middle half▲ 37.6%€20,565within the sector's middle half▲ 32.0%€22,816within the sector's middle half▲ 10.9%€25,109within the sector's middle half▲ 10.0%€25,695within the sector's middle half▲ 2.3%
Equity€45,819within the sector's middle half▲ 51.5%€66,383within the sector's middle half▲ 44.9%€64,075within the sector's middle half▼ 3.5%€89,184within the sector's middle half▲ 39.2%€109,759within the sector's middle half▲ 23.1%
Total assets€53,060below the sector's middle half▲ 65.6%€73,946within the sector's middle half▲ 39.4%€79,068within the sector's middle half▲ 6.9%€98,988within the sector's middle half▲ 25.2%€124,586within the sector's middle half▲ 25.9%
Debt€7,241▲ 304%€7,562▲ 4.4%€14,993▲ 98.3%€9,805▼ 34.6%€14,827▲ 51.2%
Working capital€45,021within the sector's middle half▲ 55.9%€64,173within the sector's middle half▲ 42.5%€62,380within the sector's middle half▼ 2.8%€87,968within the sector's middle half▲ 41.0%€105,059within the sector's middle half▲ 19.4%
Solvency86.4%above the sector's middle half▼ 8.1pp89.8%above the sector's middle half▲ 3.4pp81.0%above the sector's middle half▼ 8.7pp90.1%above the sector's middle half▲ 9.1pp88.1%above the sector's middle half▼ 2.0pp
Current ratio7.22above the sector's middle half▼ 9.909.49above the sector's middle half▲ 2.275.16above the sector's middle half▼ 4.339.97above the sector's middle half▲ 4.818.09above the sector's middle half▼ 1.89
Return on assets (ROA)29.4%above the sector's middle half▼ 6.0pp27.8%above the sector's middle half▼ 1.5pp28.9%above the sector's middle half▲ 1.0pp25.4%within the sector's middle half▼ 3.5pp20.6%within the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124,586
Fixed assets
€4,700 ▲ 287%
Current assets
€119,886 ▲ 22.6%
Equity and liabilities €124,586
Equity
€109,759 ▲ 23.1%
Debt
€14,827 ▲ 51.2%
Debt's share of the balance-sheet total rises from 9.9% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,143▲
2023 · €36,217
Cash flow
€26,963▲
2023 · €25,588
Debt to equity
0.14▲
2023 · 0.11
ROE
23.4%▼
2023 · 28.2%
Interest coverage
442.17▲
2023 · 431.15
Debt ≤ 1 year
€14,827▲
2023 · €9,805
Income taxes
€10,526▼
2023 · €10,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €577 | €406 | €516 | €479 | €1,268 | ▲ 165% |
| Other operating charges640/8 | - | €563 | €532 | €963 | €1,013 | ▲ 5.2% |
| Gross operating margin9900 | €23,491 | €30,206 | €33,546 | €37,180 | €38,155 | ▲ 2.6% |
| Operating profit (loss)9901 | €22,406 | €29,237 | €32,498 | €35,738 | €35,875 | ▲ 0.4% |
| Financial income75/76B | - | €1 | €0 | - | €430 | - |
| Recurring financial income75 | €14 | €1 | €0 | - | €430 | - |
| Financial charges65/66B | - | €76 | €84 | €84 | €84 | = |
| Recurring financial charges65 | €72 | €76 | €84 | €84 | €84 | = |
| Profit (loss) for the period before taxes9903 | €22,348 | €29,162 | €32,414 | €35,654 | €36,221 | ▲ 1.6% |
| Income taxes67/77 | €6,772 | €8,597 | €9,598 | €10,545 | €10,526 | ▼ 0.2% |
| Profit (loss) for the period9904 | €15,575 | €20,565 | €22,816 | €25,109 | €25,695 | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €15,575 | €20,565 | €22,816 | €25,109 | €25,695 | ▲ 2.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,060 | €73,946 | €79,068 | €98,988 | €124,586 | ▲ 25.9% |
| Fixed assets21/28 | €797 | €2,211 | €1,695 | €1,216 | €4,700 | ▲ 287% |
| Tangible fixed assets22/27 | €797 | €2,211 | €1,695 | €1,216 | €4,700 | ▲ 287% |
| Plant, machinery and equipment23 | - | €2,038 | €1,627 | €1,216 | €805 | ▼ 33.8% |
| Furniture and vehicles24 | - | €173 | €68 | €0 | €3,895 | - |
| Current assets29/58 | €52,263 | €71,735 | €77,373 | €97,772 | €119,886 | ▲ 22.6% |
| Amounts receivable within one year40/41 | €8,228 | €7,821 | €8,606 | €8,910 | €8,999 | ▲ 1.0% |
| Trade receivables40 | - | €7,821 | €8,606 | €8,910 | €8,999 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €42,509 | €62,465 | €67,379 | €87,537 | €109,307 | ▲ 24.9% |
| Deferred charges and accrued income490/1 | - | €1,448 | €1,387 | €1,325 | €1,580 | ▲ 19.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,060 | €73,946 | €79,068 | €98,988 | €124,586 | ▲ 25.9% |
| Equity10/15 | €45,819 | €66,383 | €64,075 | €89,184 | €109,759 | ▲ 23.1% |
| Contributions10/11 | - | €18,550 | €0 | - | - | - |
| Reserves13 | €27,269 | €47,833 | €64,075 | €89,184 | €109,759 | ▲ 23.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €47,833 | €64,075 | €89,184 | €109,759 | ▲ 23.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €7,241 | €7,562 | €14,993 | €9,805 | €14,827 | ▲ 51.2% |
| Amounts payable within one year42/48 | €7,241 | €7,562 | €14,993 | €9,805 | €14,827 | ▲ 51.2% |
| Trade debts44 | €130 | €164 | €324 | €679 | €892 | ▲ 31.5% |
| Suppliers440/4 | - | €164 | €324 | €679 | €892 | ▲ 31.5% |
| Taxes, remuneration and social security45 | - | €6,007 | €7,186 | €7,833 | €7,424 | ▼ 5.2% |
| Taxes450/3 | - | €6,007 | €7,186 | €7,833 | €7,424 | ▼ 5.2% |
| Other amounts payable47/48 | - | €1,392 | €7,483 | €1,293 | €6,511 | ▲ 404% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,575 | €20,565 | €22,816 | €25,109 | €25,695 | ▲ 2.3% |
| + Depreciation and write-downs630 | €577 | €406 | €516 | €479 | €1,268 | ▲ 165% |
| Operating cash flow (approximation) | €16,152 | €20,970 | €23,332 | €25,588 | €26,963 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | -€1,819 | €0 | €0 | -€4,752 | - |
| Change in cash | - | €19,956 | €4,914 | €20,158 | €21,770 | ▲ 8.0% |
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
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €25,695 ▲2.3%
Operating result €35,875, net result €25,695, both a record.
31-12
Financial
Equity above €100,000Eq €109,759 ▲23.1%
6 profitable years in a row build equity to €109,759.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11,320
Net result €11,320 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 17.11
Current ratio from 3.17 to 17.11; short-term debt falls from €7,768 to €1,792.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
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 3 acts read
About the unread acts
We know of 3 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
3 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, Lubbeek · 1 establishment unit since 2002
Ground area
2,422 m²
Building footprint
189 m²
Volume, LiDAR
1,248 m³
Parcel 24012A0366/00G002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MTS Consultancy
since 20022.095.819.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24012A0366/00G002 | Flanders | 2,422 m² | 1 · 189 m² | 9.0 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.
Similar companies · same sector, comparable size
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K.P.M.D.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,578 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
Founded21-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
kirsten.thiebaut@gmail.com
Phone
0478824718
E-mail
pauwel.welvaert@pandora.beLubbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476680071
Also
9925:BE0476680071
Registered
31-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.