MTECH is an electrical contractor in Herselt. Private Limited, started on 18 December 2017, 1 establishment.

What is the address of MTECH?

The registered office of MTECH is located at Limberg 122, 2230 Herselt.

Is MTECH still active?

Yes. According to the CBE (29 October 2026) MTECH is active, legal situation “Normale toestand”, started on 18 December 2017.

Is MTECH registered on Peppol?

Yes, MTECH is registered on the Peppol network with ID 0208:0686560060.

What is the enterprise number of MTECH?

The enterprise number of MTECH is BE0686560060.

When was MTECH founded?

MTECH was founded on 18 December 2017.

Who are the directors of MTECH?

According to the 2025 annual accounts, the directors of MTECH are: Merlijn Vets.

Is MTECH a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 December 2017; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MTECH make in 2025?

MTECH posted a profit after taxes of € 6,247 in financial year 2025.

What is the revenue of MTECH?

As a small company, MTECH is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 23,383.

MTECH (Private Limited) - Herselt - BE0686560060

Dossier MTECH, printed on 29 October 2026 from databakkes.be/en/0686560060/mtech. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MTECH from Herselt, company number BE0686560060, closed financial year 2025 with a result of € 6,247 after tax. For that financial year MTECH recorded a gross margin of € 23,383 and equity of € 116,500. Compared with financial year 2024, the result moved from € 32,724 to € 6,247. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.

What it is worth Growing

€ 116,500

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 6,247

▼ 81% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,509

▲ 152% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 110,300.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost estimate Staff cost at a one-person company Staff Only people on the payroll count here.€ 2,108 Likely the director’s social contribution or pension premium.The director’s pay Already netted into the gross margin, not shown separately in the accounts. Typical for one-person companies € 45,000 gross per year minimum for the reduced tax rate≈ € 2,100 net per month after contributions, tax and usually some benefits in kind, roughly Assumption based on the chart of accounts, not a figure from the source.

€ 2,108

No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.

Vehicles and equipment

€ 29,993

▲ 185% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 20,505

€ 4,539 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 2,726

▼ 86% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 9,874

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 24,084 Gross margin 2022: € 24,084 First fiscal year in the series	€ 14,332 Gross margin 2023: € 14,332 ▼ 40% vs 2022 (€ 24,084) Unfavourable step	€ 54,720 Gross margin 2024: € 54,720 ▲ 282% vs 2023 (€ 14,332) Favourable step	€ 23,383 Gross margin 2025: € 23,383 ▼ 57% vs 2024 (€ 54,720) Unfavourable step	▼ 57%
Profit after taxes	€ 14,680 Profit after taxes 2022: € 14,680 First fiscal year in the series	€ 8,660 Profit after taxes 2023: € 8,660 ▼ 41% vs 2022 (€ 14,680) Unfavourable step	€ 32,724 Profit after taxes 2024: € 32,724 ▲ 278% vs 2023 (€ 8,660) Favourable step	€ 6,247 Profit after taxes 2025: € 6,247 ▼ 81% vs 2024 (€ 32,724) Unfavourable step	▼ 81%
Equity	€ 68,869 Equity 2022: € 68,869 First fiscal year in the series	€ 77,530 Equity 2023: € 77,530 ▲ 13% vs 2022 (€ 68,869) Favourable step	€ 110,254 Equity 2024: € 110,254 ▲ 42% vs 2023 (€ 77,530) Favourable step	€ 116,500 Equity 2025: € 116,500 ▲ 6% vs 2024 (€ 110,254) Favourable step	▲ 6%
Total debts	€ 40,191 Total debts 2022: € 40,191 First fiscal year in the series	€ 52,747 Total debts 2023: € 52,747 ▲ 31% vs 2022 (€ 40,191) Unfavourable step	€ 35,488 Total debts 2024: € 35,488 ▼ 33% vs 2023 (€ 52,747) Favourable step	€ 33,410 Total debts 2025: € 33,410 ▼ 6% vs 2024 (€ 35,488) Favourable step	▼ 6%
Cash	€ 45,962 Cash 2022: € 45,962 First fiscal year in the series	€ 12,514 Cash 2023: € 12,514 ▼ 73% vs 2022 (€ 45,962) Unfavourable step	€ 998 Cash 2024: € 998 ▼ 92% vs 2023 (€ 12,514) Unfavourable step	€ 2,509 Cash 2025: € 2,509 ▲ 152% vs 2024 (€ 998) Favourable step	▲ 152%
Retained profit	€ 62,669 Retained profit 2022: € 62,669 First fiscal year in the series	€ 71,329 Retained profit 2023: € 71,329 ▲ 14% vs 2022 (€ 62,669) Favourable step	€ 104,053 Retained profit 2024: € 104,053 ▲ 46% vs 2023 (€ 71,329) Favourable step	€ 110,300 Retained profit 2025: € 110,300 ▲ 6% vs 2024 (€ 104,053) Favourable step	▲ 6%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 20,505 Bank debt 2025: € 20,505 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 109,060 Balance sheet total 2022: € 109,060 First fiscal year in the series	€ 130,277 Balance sheet total 2023: € 130,277 ▲ 19% vs 2022 (€ 109,060) Unchanged	€ 145,742 Balance sheet total 2024: € 145,742 ▲ 12% vs 2023 (€ 130,277) Unchanged	€ 149,910 Balance sheet total 2025: € 149,910 ▲ 3% vs 2024 (€ 145,742) Unchanged	▲ 3%

Key figures of MTECH, 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 MTECH?

What happened at MTECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 23, 2026 New annual accounts for financial year 2025: profit of € 6,247 (▼ 81% vs 2024). Source: NBB ↗
Dec 18, 2017 New establishment in Herselt. KBO
Dec 18, 2017 Start of the company according to the CBE. KBO

In short

From € 14,680 profit in 2022 to € 6,247 profit in 2025.

Paid € 30,372 in corporate taxes since 2022.

Best year ever: 2024, with € 32,724 profit.

Original PDFs at the National Bank ↗

Management

Merlijn Vets

MTECH

RAX

Behind MTECH is Merlijn Vets. Merlijn Vets is also behind RAX.

Directors

According to the 2025 annual accounts

Merlijn Vets

Director

Also active at: RAX

Establishments

Establishment units

Physical locations of this company

Registered office

Limberg 122

2230 Herselt

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 →

VM Real Estate

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0686.560.060
VAT number: BE 0686.560.060
Registered office: Limberg 122, 2230 Herselt
Names & denominations: MTECH
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 18 December 2017
Peppol: Active · Active since 15 Dec 2025
Activities · NACE: Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗