Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MTS Projects from Aarschot, company number BE0502413973, closed financial year 2025 with a result of € -121,981 after tax. For that financial year MTS Projects recorded a gross margin of € 35,251 and equity of € 62,652. Compared with financial year 2024, the result moved from € -104,539 to € -121,981. The company made a loss. The buffer shrank hard: equity is 66 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 62,652
▼ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -121,981
▼ 17 % more loss than in 2024
Profit after tax over the fiscal year.
€ 189,380
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -297,348.
Debts at end 2025
€ 661,788
▼ 2% vs 2024
€ 32,508 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 46,622
▲ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,303
▲ 58% vs 2024
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 | € 28,480 | € 24,921 | € 35,276 | € 35,251 | |
| Profit after taxes | € 867 | € -105,438 | € -104,539 | € -121,981 | ▼ € 17,443 |
| Equity | € 394,611 | € 289,172 | € 184,634 | € 62,652 | ▼ 66% |
| Total debts | € 664,101 | € 707,481 | € 706,381 | € 720,712 | ▲ 2% |
| Cash | € 187,949 | € 27,764 | € 156,366 | € 189,380 | ▲ 21% |
| Land & buildings | € 515,616 | € 486,941 | € 467,422 | € 447,903 | ▼ 4% |
| Retained profit | € 34,611 | € -70,828 | € -175,366 | € -297,348 | ▼ € 121,981 |
| Bank debt | € 398,273 | € 672,185 | € 672,059 | € 661,788 | ▼ 2% |
| Balance sheet total | € 1,058,712 | € 996,653 | € 891,014 | € 783,365 | ▼ 12% |
Key figures of MTS Projects, 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 MTS Projects?
What happened at MTS Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 121,981. Source: NBB ↗
- New establishment in Aarschot. KBO
- Start of the company according to the CBE. KBO
- Glenn Stevens became a director. NBB
In short
From € 867 profit in 2022 to € 121,981 loss in 2025.
Paid € 8,697 in corporate taxes since 2022.
Best year ever: 2022, with € 867 profit.
A new publication or filing at MTS Projects? 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 MIRA TOURS TRAVELSERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MTS ProjectsBehind MTS Projects is Glenn Stevens. The shares are held by MIRA TOURS TRAVELSERVICES (90.6%).
Directors
According to the 2025 annual accounts
since 2013
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Begijnhof 8
3200 Aarschot
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.413.973
- VAT number
- BE 0502.413.973
- Registered office
- Begijnhof 8, 3200 Aarschot
- Names & denominations
- MTS Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2013
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
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