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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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MTM from Gent, company number BE0555932932, closed financial year 2025 with a result of € -152,425 after tax. For that financial year MTM recorded a gross margin of € 3.2 million and equity of € 271,883. Compared with financial year 2024, the result moved from € 237,051 to € -152,425. The company made a loss. The buffer shrank hard: equity is 50 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 271,883
▼ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -152,425
▼ still € 237,051 profit in 2024
Profit after tax over the fiscal year.
€ 432,263
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 178,283.
People and assets in 2025
49.2
▲ 10.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 29% vs 2024
€ 52,800 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.
€ 85,832
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▲ 31% vs 2024
€ 437,457 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 810,869
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 355,734
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,295,492 | € 2,656,878 | € 2,758,757 | € 3,155,787 | ▲ 14% |
| Profit after taxes | € 35,965 | € 132,098 | € 237,051 | € -152,425 | ▼ € 389,476 |
| Equity | € 175,160 | € 307,258 | € 544,309 | € 271,883 | ▼ 50% |
| Total debts | € 2,087,561 | € 2,633,402 | € 2,871,962 | € 3,542,400 | ▲ 23% |
| Cash | € 397,306 | € 953,709 | € 1,089,579 | € 432,263 | ▼ 60% |
| Retained profit | € 81,560 | € 213,658 | € 450,709 | € 178,283 | ▼ 60% |
| Dividend | € 0 | € 0 | € 0 | € 120,000 | |
| Bank debt | € 1,142,276 | € 1,380,143 | € 1,653,831 | € 2,158,517 | ▲ 31% |
| Balance sheet total | € 2,262,721 | € 2,940,660 | € 3,416,271 | € 3,814,283 | ▲ 12% |
| Employees (FTE) | 38.4 | 39.7 | 38.9 | 49.2 | ▲ 10.3 |
Key figures of MTM, 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 MTM?
What happened at MTM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Gent. KBO
- New annual accounts for financial year 2025: loss of € 152,425 (▼ € 389,476 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Canicule NV became a director. NBB
- MJMT BV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Gent. KBO
In short
From € 35,965 profit in 2022 to € 152,425 loss in 2025.
Paid € 6,007 in corporate taxes since 2022.
Best year ever: 2024, with € 237,051 profit.
On average € 64,100 of value added per employee in 2025.
Management
The stake of MJMT, CANICULE, MONTEZ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MTMBehind MTM are Canicule NV and MJMT BV. The shares are held by MJMT (50%), CANICULE (50%) and MONTEZ (20%).
Directors
According to the 2025 annual accounts
Director · represented by Julien Malingreau
Also active at: Parklane Enterprises, De Lieve Immo, SAHARA INVEST
since 2023
Director · represented by Jean-Michel Teerlinck
Also active at: De Lieve Immo, SAHARA INVEST, Hawaiian Group International, Artion
since 2023
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 802
9000 Gent
Klein Turkije 20
9000 Gent
Active since 3 November 2014
Sint-Niklaasstraat 2
9000 Gent
Active since 1 June 2015
Goudenleeuwplein 3
9000 Gent
Active since 14 February 2026
Klein Turkije *
9000 Gent
Active since 24 April 2018
Koningin Maria Hendrikaplein 36
9000 Gent
Active since 23 October 2019
Klein Turkije 18
9000 Gent
Active since 19 May 2020
Sint-Margrietstraat 1
9000 Gent
Active since 15 January 2023
Kraanlei 17
9000 Gent
Active since 15 April 2025
Koningin Maria Hendrikaplein 65 box A
9000 Gent
Active since 1 October 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0555.932.932
- VAT number
- BE 0555.932.932
- Registered office
- Ottergemsesteenweg-Zuid 802, 9000 Gent
- Names & denominations
- MTM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2014
- Peppol
- Active · Active since 12 Sept 2025
- Contact
- millievanillie.be
- Activities · NACE
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