Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MT-WESTERN-QH from Begijnendijk, company number BE0465878528, closed financial year 2025 with a result of € -85,025 after tax. For that financial year MT-WESTERN-QH recorded a gross margin of € -63,148 and equity of € -580,294. Compared with financial year 2024, the result moved from € -139,474 to € -85,025. 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 August 5, 2026.
€ -580,294
▼ € 85,025 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -85,025
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 61,268
▲ € 56,449 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -614,153.
People and assets in 2025
€ 28,415
▼ 83% 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.
€ 5,917
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 950
▼ 14% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 119,629 | € 309,003 | € -78,111 | € -63,148 | ▲ € 14,964 |
| Profit after taxes | € -36,880 | € -49,369 | € -139,474 | € -85,025 | ▲ € 54,449 |
| Equity | € -306,425 | € -355,794 | € -495,269 | € -580,294 | ▼ € 85,025 |
| Total debts | € 1,201,390 | € 1,383,490 | € 1,183,166 | € 1,100,558 | ▼ 7% |
| Cash | € 496,457 | € 376,905 | € 4,820 | € 61,268 | ▲ € 56,449 |
| Land & buildings | € 8,750 | - | - | - | |
| Retained profit | € -340,284 | € -389,653 | € -529,128 | € -614,153 | ▼ € 85,025 |
| Bank debt | € 419,106 | € 408,916 | € 0 | € 0 | |
| Balance sheet total | € 894,965 | € 1,027,696 | € 687,897 | € 520,265 | ▼ 24% |
Key figures of MT-WESTERN-QH, 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 MT-WESTERN-QH?
What happened at MT-WESTERN-QH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 85,025. filed late Source: NBB ↗
- RUDY VAN BAEL became a director. NBB
- IMELDA MAERTENS became a director. NBB
- New establishment in Begijnendijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,880 loss in 2022 to € 85,025 loss in 2025.
Paid € 294 in corporate taxes since 2022.
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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 MT-WESTERN-QH are RUDY VAN BAEL and IMELDA MAERTENS.
Directors
According to the 2025 annual accounts
RUDY VAN BAEL
Director
since 2017
IMELDA MAERTENS
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Spoorweg 72
3130 Begijnendijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.878.528
- VAT number
- BE 0465.878.528
- Registered office
- Spoorweg 72, 3130 Begijnendijk
- Names & denominations
- MT-WESTERN-QH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1999
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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Overige werkzaamheden in verband met de afwerking van gebouwen
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Fokken en houden van paarden en andere paardachtigen
Slopen
Detailhandel via postorderbedrijven of via internet