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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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
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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 2022
MTE from Brugge, company number BE0427924507, closed financial year 2022 with a result of € -264,024 after tax. For that financial year MTE recorded a gross margin of € -2,547 and equity of € 241,249. Compared with financial year 2021, the result moved from € -1,467 to € -264,024. The company made a loss. The buffer shrank hard: equity is 52 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2023.
€ 241,249
▼ 52% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -264,024
▼ 17896 % more loss than in 2021
Profit after tax over the fiscal year.
€ 1,080
▼ 95% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 79,749.
People and assets in 2022
€ 21,037
▼ 11% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 820,446
▼ 6% vs 2021
€ 54,589 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 16,274
▲ 242% vs 2021
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 257,244 | € -2,547 | ▼ € 259,790 |
| Profit after taxes | € -1,467 | € -264,024 | ▼ € 262,557 |
| Equity | € 505,273 | € 241,249 | ▼ 52% |
| Total debts | € 2,793,780 | € 2,985,421 | ▲ 7% |
| Cash | € 21,186 | € 1,080 | ▼ 95% |
| Land & buildings | € 3,251,579 | € 3,202,641 | ▼ 2% |
| Retained profit | € 343,773 | € 79,749 | ▼ 77% |
| Bank debt | € 872,839 | € 820,446 | ▼ 6% |
| Balance sheet total | € 3,299,053 | € 3,226,670 | ▼ 2% |
Key figures of MTE, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to MTE?
What happened at MTE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: loss of € 264,024. filed late Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,467 loss in 2021 to € 264,024 loss in 2022.
Paid € 558 in corporate taxes since 2021.
Management
Behind MTE is COBAN CommV. COBAN CommV is also behind Hummingbird GP, HB&QC, Hummingbird Ventures Management, HOF II - Class C and HV IV - Class C.
Directors
According to the 2022 annual accounts
Manager · represented by Barend Van den Brande
Also active at: Hummingbird GP, HB&QC, Hummingbird Ventures Management, HOF II - Class C, HV IV - Class C, HUMMINGBIRD PARTNERS, HUMMINGBIRD MANAGEMENT
Establishments
Establishment units
Physical locations of this company
Langerei 66
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0427.924.507
- VAT number
- BE 0427.924.507
- Registered office
- Langerei 66, 8000 Brugge
- Names & denominations
- MTE
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 31 December 1984
- Peppol
- Not registered