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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.1 to 0.6.
Financials
Financial year 2025
MT@WORK from Sint-Pieters-Leeuw, company number BE0632888574, closed financial year 2025 with a result of € 37,490 after tax. For that financial year MT@WORK recorded a gross margin of € 37,775 and equity of € -41,542. Compared with financial year 2024, the result moved from € -154,136 to € 37,490. 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 July 30, 2026.
€ -41,542
▲ € 37,490 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,490
▲ still € 154,136 loss in 2024
Profit after tax over the fiscal year.
€ 19,188
▲ 276% 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 € -61,542.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 19,796
▼ 68% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 93,056
▼ 50% vs 2024
€ 52,039 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 15,500
▲ 110% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,993
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,091 | € 75,109 | € 41,858 | € 37,775 | ▼ 10% |
| Profit after taxes | € -45,673 | € -30,779 | € -154,136 | € 37,490 | ▲ € 191,626 |
| Equity | € 124,883 | € 75,104 | € -79,032 | € -41,542 | ▲ € 37,490 |
| Total debts | € 333,045 | € 324,585 | € 236,400 | € 147,858 | ▼ 37% |
| Cash | € 16,763 | € 24,485 | € 5,110 | € 19,188 | ▲ 276% |
| Retained profit | € 104,883 | € 55,104 | € -99,032 | € -61,542 | ▲ € 37,490 |
| Dividend | € 20,000 | € 19,000 | € 0 | € 0 | |
| Bank debt | € 172,449 | € 193,046 | € 185,976 | € 93,056 | ▼ 50% |
| Balance sheet total | € 457,928 | € 399,689 | € 157,368 | € 106,316 | ▼ 32% |
| Employees (FTE) | - | 2.1 | 1.3 | 0.6 | ▼ 0.7 |
Key figures of MT@WORK, 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@WORK?
What happened at MT@WORK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,490. Source: NBB ↗
- ELS DEDOBBELEER became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Sint-Pieters-Leeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,673 loss in 2022 to € 37,490 profit in 2025.
Paid € 1,234 in corporate taxes since 2022.
Best year ever: 2025, with € 37,490 profit.
On average € 32,200 of value added per employee in 2024.
Management
Behind MT@WORK is ELS DEDOBBELEER.
Directors
According to the 2025 annual accounts
ELS DEDOBBELEER
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Zeypestraat 3
1602 Sint-Pieters-Leeuw
Léon Lepagestraat 10
1000 Brussel
Active since 1 January 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.888.574
- VAT number
- BE 0632.888.574
- Registered office
- Zeypestraat 3, 1602 Sint-Pieters-Leeuw
- Names & denominations
- MT@WORK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2015
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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