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 26 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
MTBC from Eghezée, company number BE0671559605, closed financial year 2025 with a result of € -53,676 after tax. For that financial year MTBC recorded a gross margin of € 36,642 and equity of € 150,620. Compared with financial year 2024, the result moved from € 127,703 to € -53,676. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 150,620
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,676
▼ still € 127,703 profit in 2024
Profit after tax over the fiscal year.
€ 11,451
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 132,020.
People and assets in 2025
€ 6,923
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 852,521
▲ 26% vs 2024
€ 12,113 is repaid this year. At this pace the long-term loan is gone in ≈ 70 years.
€ 17,222
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,089
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,496 | € 149,596 | € 238,808 | € 36,642 | ▼ 85% |
| Profit after taxes | € 30,996 | € 49,068 | € 127,703 | € -53,676 | ▼ € 181,379 |
| Equity | € 27,525 | € 76,593 | € 204,296 | € 150,620 | ▼ 26% |
| Total debts | € 1,604,831 | € 1,944,949 | € 910,209 | € 1,093,620 | ▲ 20% |
| Cash | € 36,247 | € 74,772 | € 45,897 | € 11,451 | ▼ 75% |
| Land & buildings | € 427,755 | € 415,790 | € 403,826 | € 391,861 | ▼ 3% |
| Retained profit | € 8,925 | € 57,993 | € 185,696 | € 132,020 | ▼ 29% |
| Bank debt | € 1,247,252 | € 1,527,143 | € 677,837 | € 852,521 | ▲ 26% |
| Balance sheet total | € 1,632,357 | € 2,021,542 | € 1,114,505 | € 1,244,240 | ▲ 12% |
Key figures of MTBC, 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 MTBC?
What happened at MTBC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,676 (▼ € 181,379 vs 2024). filed late Source: NBB ↗
- New establishment in Eghezée. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,996 profit in 2022 to € 53,676 loss in 2025.
Paid € 59,230 in corporate taxes since 2022.
Best year ever: 2024, with € 127,703 profit.
Establishments
Establishment units
Physical locations of this company
Rue Basse Baive,Liernu 43
5310 Eghezée
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0671.559.605
- VAT number
- BE 0671.559.605
- Registered office
- Rue Basse Baive,Liernu 43, 5310 Eghezée
- Names & denominations
- MTBC · ARTANA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2017
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
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