Warning lights
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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MTJ from Ukkel, company number BE0425645205, closed financial year 2025 with a result of € -93,847 after tax. For that financial year MTJ recorded a gross margin of € 140,366 and equity of € -887,874. Compared with financial year 2024, the result moved from € -96,602 to € -93,847. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 4, 2025.
€ -887,874
▼ € 93,847 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -93,847
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,734
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
140,854.3
▲ 140,851.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 140,854
▲ 33% vs 2024
€ 0 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,013
▼ 44% vs 2024
Of which on lease € 551.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 72,342
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,914
▲ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 127,288 | € 115,038 | € 29,377 | € 140,366 | ▲ € 110,988 |
| Profit after taxes | € 44,813 | € 2,422 | € -96,602 | € -93,847 | ▲ € 2,756 |
| Equity | € -699,847 | € -697,425 | € -794,027 | € -887,874 | ▼ € 93,847 |
| Total debts | € 2,042,217 | € 2,198,405 | € 2,659,106 | € 3,332,970 | ▲ 25% |
| Cash | € 9,583 | € 9,571 | € 5,355 | € 5,734 | ▲ 7% |
| Retained profit | € -1,273,797 | € -1,271,375 | € -1,367,977 | € -1,461,824 | ▼ € 93,847 |
| Balance sheet total | € 1,342,370 | € 1,500,980 | € 1,865,079 | € 2,445,096 | ▲ 31% |
| Employees (FTE) | 2.8 | 2.8 | 2.8 | 140,854.3 | ▲ 140,851.5 |
Key figures of MTJ, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 August 2026.
What happened to MTJ?
What happened at MTJ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 93,847. filed late Source: NBB ↗
- New establishment in Ans. KBO
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 44,813 profit in 2022 to € 93,847 loss in 2025.
Paid € 618 in corporate taxes since 2022.
Best year ever: 2022, with € 44,813 profit.
On average € 0 of value added per employee in 2025.
A new publication or filing at MTJ? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MTJ are Nathalie LHOEST and Eric LHOEST. Eric LHOEST is also behind Eral Shoes Management, ALRIC SHOES INVEST, IMMOBILIERE DE LA TUILERIE, Noiseraie de la Haie du Loup and GESKOFFEE.
Directors
According to the 2025 annual accounts
Nathalie LHOEST
Director
Eric LHOEST
Director
Also active at: Eral Shoes Management, ALRIC SHOES INVEST, IMMOBILIERE DE LA TUILERIE, Noiseraie de la Haie du Loup, GESKOFFEE
Establishments
Establishment units
Physical locations of this company
Montjoielaan 108 box B2
1180 Ukkel
Rue de la Tuilerie 107
4030 Liège
Active since 1 May 1984
Rue de l'Yser 421
4430 Ans
Active since 17 March 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Eral Shoes Management same network
€ -11,348 gross margin · 2025
ALRIC SHOES INVEST same network
€ 229,476 gross margin · 2025
ALTO REAL ESTATE
€ 769 gross margin · 2024
Noiseraie de la Haie du Loup same network
€ 2,522 gross margin · 2025
BELGIUM TRADING
€ 62,006 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.645.205
- VAT number
- BE 0425.645.205
- Registered office
- Montjoielaan 108 bus B2, 1180 Ukkel
- Names & denominations
- MTJ
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1984
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
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