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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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MANAGEMENT TRADE COMPANY from Herstal, company number BE0429462055, closed financial year 2025 with a result of € 63,640 after tax. For that financial year MANAGEMENT TRADE COMPANY recorded a gross margin of € 188,719 and equity of € -558,991. Compared with financial year 2024, the result moved from € 60,065 to € 63,640. Profitable, and profit is growing. 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 August 24, 2026.
€ -558,991
▲ € 63,640 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63,640
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 2,436
▲ € 1,967 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 € -620,964.
Debts at end 2025
€ 948,086
▼ 9% vs 2024
€ 110,000 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 36,254
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 145,490 | € 177,817 | € 198,493 | € 188,719 | ▼ 5% |
| Profit after taxes | € 15,317 | € -22,813 | € 60,065 | € 63,640 | ▲ 6% |
| Equity | € -659,883 | € -682,696 | € -622,631 | € -558,991 | ▲ € 63,640 |
| Total debts | € 1,559,121 | € 1,449,526 | € 1,360,245 | € 1,246,886 | ▼ 8% |
| Cash | € 4,839 | € 80 | € 468 | € 2,436 | ▲ € 1,967 |
| Land & buildings | € 794,097 | € 739,155 | € 686,904 | € 634,653 | ▼ 8% |
| Retained profit | € -721,857 | € -744,669 | € -684,604 | € -620,964 | ▲ € 63,640 |
| Bank debt | € 1,217,387 | € 1,140,535 | € 1,037,143 | € 948,086 | ▼ 9% |
| Balance sheet total | € 899,238 | € 766,830 | € 737,614 | € 687,895 | ▼ 7% |
Key figures of MANAGEMENT TRADE COMPANY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MANAGEMENT TRADE COMPANY?
What happened at MANAGEMENT TRADE COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 63,640 (▲ 6% vs 2024). filed late Source: NBB ↗
- BUSINESS INVEST GESTION SA became a director. NBB
- CVP SA stepped down as director. NBB
- CVP SA became a director. NBB
- New establishment in Verviers. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,317 profit in 2022 to € 63,640 profit in 2025.
Best year ever: 2025, with € 63,640 profit.
A new publication or filing at MANAGEMENT TRADE COMPANY? 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
The stake of RISO IMMO, BUSINESS INVEST GESTION S.A., COMPAGNIE DES VALEURS PATRIMONIALES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MANAGEMENT TRADE COMPANYBehind MANAGEMENT TRADE COMPANY is BUSINESS INVEST GESTION SA. The shares are held by RISO IMMO (70%), BUSINESS INVEST GESTION S.A. (15%) and COMPAGNIE DES VALEURS PATRIMONIALES (14%).
Directors
According to the 2025 annual accounts
Director · represented by Serge Warnier
Also active at: SOLISPIR, R.M. MOTOS, COMPAGNIE IMMOBILIERE ANONYME, VILLA MEDICIS, RISO IMMO, HUMBLET - STERCK, IMMOFI, TOBY INVEST +4 more
since 2025
Managing director · represented by SERGE WARNIER
Also active at: SOLISPIR, R.M. MOTOS, COMPAGNIE IMMOBILIERE ANONYME, VILLA MEDICIS, RISO IMMO, HUMBLET - STERCK, IMMOFI, TOBY INVEST +3 more
since 2008 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Hermée 171
4040 Herstal
Rue de Limbourg 5
4800 Verviers
Active since 27 September 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →SOLISPIR same network
€ 562,269 gross margin · 2025
R.M. MOTOS same network
€ 73,547 gross margin · 2025
COMPAGNIE IMMOBILIERE ANONYME same network
€ 2.1 million gross margin · 2025
RISO IMMO same network
€ 1.8 million gross margin · 2025
HUMBLET - STERCK same network
€ 100,845 gross margin · 2025
+6 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
- 0429.462.055
- VAT number
- BE 0429.462.055
- Registered office
- Rue de Hermée 171, 4040 Herstal
- Names & denominations
- MANAGEMENT TRADE COMPANY · M.T.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 1986
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen