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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MTH-IMMO from Grez-Doiceau, company number BE0423599592, closed financial year 2025 with a result of € 112,854 after tax. For that financial year MTH-IMMO recorded a gross margin of € 197,900 and equity of € 4.3 million. Compared with financial year 2024, the result moved from € 105,517 to € 112,854. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ 4.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,854
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ € 1.6 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.3 million.
People and assets in 2025
€ 2,923
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,829
Supplier invoices still open on the last day of the fiscal year.
€ 28,612
▼ 26% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,022,857 | € 147,736 | € 163,472 | € 197,900 | ▲ 21% |
| Profit after taxes | € 3,673,224 | € 66,142 | € 105,517 | € 112,854 | ▲ 7% |
| Equity | € 6,304,249 | € 6,370,391 | € 4,175,908 | € 4,288,762 | ▲ 3% |
| Total debts | € 592,999 | € 633,999 | € 133,546 | € 129,422 | ▼ 3% |
| Cash | € 4,209,871 | € 3,517,209 | € 131,707 | € 1,771,423 | ▲ € 1.6 million |
| Land & buildings | € 834,557 | € 767,621 | € 700,686 | € 633,751 | ▼ 10% |
| Retained profit | € 6,285,657 | € 6,351,799 | € 4,157,316 | € 4,270,170 | ▲ 3% |
| Dividend | € 0 | € 0 | € 2,300,000 | € 0 | ▼ 100% |
| Balance sheet total | € 6,897,248 | € 7,004,390 | € 4,309,454 | € 4,418,184 | ▲ 3% |
Key figures of MTH-IMMO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MTH-IMMO?
What happened at MTH-IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,854 (▲ 7% vs 2024). filed late Source: NBB ↗
- Bart VAN GAEL became a director. NBB
- New establishment in Grez-Doiceau. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.7 million profit in 2022 to € 112,854 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.7 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
Behind MTH-IMMO is Bart VAN GAEL. It owns 100% of GM-Paint itself.
Directors
According to the 2025 annual accounts
since 1993
Establishments
Establishment units
Physical locations of this company
Vivier Hanquet 12
1390 Grez-Doiceau
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.599.592
- VAT number
- BE 0423.599.592
- Registered office
- Vivier Hanquet 12, 1390 Grez-Doiceau
- Names & denominations
- MTH-IMMO · T.M.G.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1983
- Peppol
- Not registered