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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MSTS from Laarne, company number BE0690605257, closed financial year 2025 with a result of € -3,522 after tax. For that financial year MSTS recorded a gross margin of € -1,579 and equity of € 29,434. Compared with financial year 2024, the result moved from € -485 to € -3,522. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 29,434
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,522
▼ 626 % more loss than in 2024
Profit after tax over the fiscal year.
€ 24,065
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10,834.
People and assets in 2025
€ 570
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,092
▲ € 2,068 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19
▼ 96% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,809 | € -4,050 | € 544 | € -1,579 | ▼ € 2,123 |
| Profit after taxes | € 4,522 | € -4,910 | € -485 | € -3,522 | ▼ € 3,037 |
| Equity | € 38,351 | € 33,441 | € 32,956 | € 29,434 | ▼ 11% |
| Total debts | € 2,868 | € 6,455 | € 537 | € 2,114 | ▲ 294% |
| Cash | € 34,404 | € 35,222 | € 26,959 | € 24,065 | ▼ 11% |
| Retained profit | € 19,751 | € 14,841 | € 14,356 | € 10,834 | ▼ 25% |
| Balance sheet total | € 41,219 | € 39,896 | € 33,493 | € 31,548 | ▼ 6% |
Key figures of MSTS, 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 MSTS?
What happened at MSTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,522. Source: NBB ↗
- Stephan Muylaert became a director. NBB
- New establishment in Laarne. KBO
- Start of the company according to the CBE. KBO
- Karel Standaert became a director. NBB
In short
From € 4,522 profit in 2022 to € 3,522 loss in 2025.
Paid € 1,758 in corporate taxes since 2022.
Best year ever: 2022, with € 4,522 profit.
Management
Behind MSTS are Stephan Muylaert and Karel Standaert.
Directors
According to the 2025 annual accounts
Stephan Muylaert
Director
since 2023
Karel Standaert
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Bochtenstraat 35
9270 Laarne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.605.257
- VAT number
- BE 0690.605.257
- Registered office
- Bochtenstraat 35, 9270 Laarne
- Names & denominations
- MSTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2018
- Peppol
- Active · Active since 25 Dec 2025
- Activities · NACE
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