MTS-IT
ActiveSummary
MTS-IT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €42k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.71 in 2024; short-term debt: 58.7% and cash: 4.3% of total assets), and 85.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
9 d late
2024
15 d early
2023
20 d early
2022
1 d early
2021
19 d early
2020
40 d early
2019
80 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 1.4%
2024 · €25k
Total assets
€170k▲ 27.2%
2024 · €134k
Net result
€42k▼ 27.4%
2024 · €58k
Working capital
€-35k▼ 23.5%
2024 · €-28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€68k▲ 112%€75k▲ 11.4%€82k▲ 8.5%€75k▼ 8.3%€58k▼ 23.3%
Net result€54k▲ 110%€60k▲ 10.6%€64k▲ 6.0%€58k▼ 8.2%€42k▼ 27.4%
Equity€73k▲ 49.6%€33k▼ 55.0%€26k▼ 19.8%€25k▼ 6.4%€25k▲ 1.4%
Total assets€117k▲ 22.4%€206k▲ 76.4%€172k▼ 16.8%€134k▼ 22.2%€170k▲ 27.2%
Debt€44k▼ 5.9%€173k▲ 294%€145k▼ 16.2%€109k▼ 25.0%€145k▲ 33.0%
Working capital€43k▲ 0.8%€-12k€-24k▼ 97.3%€-28k▼ 17.5%€-35k▼ 23.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€105k ▲ 62.5%
Current assets
€65k ▼ 6.0%
Equity and liabilities €170k
Equity
€25k ▲ 1.4%
Debt
€145k ▲ 33.0%
Debt's share of the balance-sheet total rises from 81.5% to 85.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▼
2024 · €91k
Cash flow
€62k▼
2024 · €74k
Current ratio
0.65▼
2024 · 0.71
Debt to equity
5.79▲
2024 · 4.42
ROE
169.3%▼
2024 · 236.4%
ROA
24.9%▼
2024 · 43.6%
Interest coverage
24.02▼
2024 · 132.55
Debt ≤ 1 year
€100k▲
2024 · €97k
Debt > 1 year
€45k▲
2024 · €12k
Income taxes
€12k▼
2024 · €16k
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 | €3k | €6k | €16k | €16k | €19k | ▲ 19.9% |
| Other operating charges640/8 | - | €603 | €546 | €512 | €831 | ▲ 62.4% |
| Gross operating margin9900 | €71k | €82k | €98k | €92k | €78k | ▼ 15.3% |
| Operating profit (loss)9901 | €68k | €75k | €82k | €75k | €58k | ▼ 23.3% |
| Financial income75/76B | - | €315 | - | €48 | €65 | ▲ 34.3% |
| Recurring financial income75 | €270 | €315 | - | €48 | €65 | ▲ 34.3% |
| Financial charges65/66B | - | €272 | €540 | €687 | €3k | ▲ 365% |
| Recurring financial charges65 | €73 | €272 | €540 | €687 | €3k | ▲ 365% |
| Profit (loss) for the period before taxes9903 | €68k | €75k | €81k | €74k | €54k | ▼ 26.8% |
| Income taxes67/77 | €14k | €16k | €18k | €16k | €12k | ▼ 24.9% |
| Profit (loss) for the period9904 | €54k | €60k | €64k | €58k | €42k | ▼ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €54k | €60k | €64k | €58k | €42k | ▼ 27.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €206k | €172k | €134k | €170k | ▲ 27.2% |
| Fixed assets21/28 | €30k | €88k | €78k | €65k | €105k | ▲ 62.5% |
| Tangible fixed assets22/27 | €30k | €88k | €78k | €65k | €105k | ▲ 62.5% |
| Land and buildings22 | - | €22k | €25k | €24k | €23k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €1k | €2k | €3k | €10k | ▲ 187% |
| Furniture and vehicles24 | - | €64k | €50k | €37k | €72k | ▲ 93.4% |
| Current assets29/58 | €87k | €119k | €94k | €69k | €65k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €3k | €9k | €17k | €17k | €37k | ▲ 114% |
| Trade receivables40 | - | - | €17k | €17k | €36k | ▲ 112% |
| Other amounts receivable41 | - | €9k | €65 | €65 | €523 | ▲ 705% |
| Current investments50/53 | €20k | €20k | €20k | €20k | €20k | = |
| Cash at bank and in hand54/58 | €64k | €90k | €57k | €30k | €7k | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | €70 | - | €1k | €323 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €206k | €172k | €134k | €170k | ▲ 27.2% |
| Equity10/15 | €73k | €33k | €26k | €25k | €25k | ▲ 1.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €6k | €6k | €6k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | - | €2k | - | - | - |
| Profit (loss) carried forward14 | €48k | €8k | €2k | €2k | €2k | ▲ 19.5% |
| Amounts payable17/49 | €44k | €173k | €145k | €109k | €145k | ▲ 33.0% |
| Amounts payable after more than one year17 | - | €42k | €27k | €12k | €45k | ▲ 286% |
| Financial debts170/4 | - | €42k | €27k | €12k | €45k | ▲ 286% |
| Amounts payable within one year42/48 | €44k | €131k | €118k | €97k | €100k | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €15k | €15k | €15k | €31k | ▲ 101% |
| Financial debts43 | - | - | - | €9k | - | - |
| Credit institutions430/8 | - | - | - | €9k | - | - |
| Trade debts44 | €4k | €115 | €2k | €2k | €3k | ▲ 56.3% |
| Suppliers440/4 | - | €115 | €2k | €2k | €3k | ▲ 56.3% |
| Advances received on contracts in progress46 | - | €2k | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | - | €14k | €28k | €9k | €22k | ▲ 138% |
| Taxes450/3 | - | €14k | €28k | €9k | €22k | ▲ 138% |
| Other amounts payable47/48 | - | €100k | €71k | €60k | €42k | ▼ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €60k | €64k | €58k | €42k | ▼ 27.4% |
| + Depreciation and write-downs630 | €3k | €6k | €16k | €16k | €19k | ▲ 19.9% |
| Operating cash flow (approximation) | €57k | €66k | €79k | €74k | €62k | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €-64k | €-6k | €-3k | €-60k | ▼ 1,810% |
| Change in cash | - | €26k | €-33k | €-27k | €-23k | ▲ 14.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €64k ▲6%
Operating result €82k, net result €64k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €26k ▼36.1%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
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, Aalst · 1 establishment unit since 2014
Ground area
1.1 ha
Building footprint
1,034 m²
Volume, LiDAR
12,982 m³
2 parcels, Flanders · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MTS-IT
since 20142.236.474.560
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A2041/00B002 | Flanders | 9,892 m² | 1 · 853 m² | 19.4 m · 5 fl. |
| 41304F0822/00V000 | Flanders | 1,313 m² | 1 · 181 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600HXKAQI3SVBLJ10
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 13,777 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
Founded06-11-2014
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.