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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
MTL CARS from Grimbergen, company number BE0560709389, closed financial year 2024 with a result of € -89,674 after tax. For that financial year MTL CARS recorded a gross margin of € -77,597 and equity of € -42,261. Compared with financial year 2023, the result moved from € -53,100 to € -89,674. 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 26, 2025.
€ -42,261
▼ € 89,674 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,674
▼ 69 % more loss than in 2023
Profit after tax over the fiscal year.
€ 3,967
▼ 55% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -60,861.
People and assets in 2024
€ 308
▼ 99% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 334,606
▼ 22% vs 2023
€ 36,714 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 104,133
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,779
▼ 33% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 121,305 | € 28,092 | € -18,374 | € -77,597 | ▼ € 59,224 |
| Profit after taxes | € -1,198 | € -5,854 | € -53,100 | € -89,674 | ▼ € 36,575 |
| Equity | € 106,367 | € 100,513 | € 47,414 | € -42,261 | ▼ € 89,674 |
| Total debts | € 302,003 | € 377,450 | € 563,412 | € 500,595 | ▼ 11% |
| Cash | € 99,790 | € 135,322 | € 8,748 | € 3,967 | ▼ 55% |
| Retained profit | € 87,767 | € 81,913 | € 28,814 | € -60,861 | ▼ € 89,674 |
| Bank debt | € 175,000 | € 281,709 | € 428,068 | € 334,606 | ▼ 22% |
| Balance sheet total | € 408,371 | € 477,963 | € 610,826 | € 458,335 | ▼ 25% |
Key figures of MTL CARS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MTL CARS?
What happened at MTL CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 89,674. filed late Source: NBB ↗
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
- Terefe Lemma Messay became a director. NBB
In short
From € 1,198 loss in 2021 to € 89,674 loss in 2024.
Paid € 3,942 in corporate taxes since 2021.
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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 MTL CARS is Terefe Lemma Messay.
Directors
According to the 2024 annual accounts
Terefe Lemma Messay
Bestuurder
since 2014
Establishments
Establishment units
Physical locations of this company
Landhuizenlaan 7
1850 Grimbergen
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.
Details
- Company number
- 0560.709.389
- VAT number
- BE 0560.709.389
- Registered office
- Landhuizenlaan 7, 1850 Grimbergen
- Names & denominations
- MTL CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2014
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Overige zakelijke dienstverlening, neg
Diensten voor personenvervoer op aanvraag per voertuig met chauffeur
Carrosserieherstelling
Exploitatie van taxi's