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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MtM from Gent, company number BE0753930619, closed financial year 2025 with a result of € 99,900 after tax. For that financial year MtM recorded a gross margin of € 118,155 and equity of € -175,477. Compared with financial year 2024, the result moved from € 58,132 to € 99,900. 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 27, 2026.
€ -175,477
▲ € 99,900 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,900
▲ 72% vs 2024
Profit after tax over the fiscal year.
€ 2,288
▲ € 1,854 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 € -375,477.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 193,259
▼ 91% vs 2024
Loans from banks and other lenders, long and short.
€ 13,247
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40
▼ 99% 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 | € 207,959 | € -279,254 | € 187,914 | € 118,155 | ▼ 37% |
| Profit after taxes | € 152,451 | € -500,472 | € 58,132 | € 99,900 | ▲ 72% |
| Equity | € 166,964 | € -333,508 | € -275,377 | € -175,477 | ▲ € 99,900 |
| Total debts | € 3,188,691 | € 4,164,671 | € 2,156,742 | € 207,770 | ▼ 90% |
| Cash | € 8,857 | € 205,669 | € 434 | € 2,288 | ▲ € 1,854 |
| Retained profit | € -33,036 | € -533,508 | € -475,377 | € -375,477 | ▲ € 99,900 |
| Dividend | € 150,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 3,127,188 | € 3,966,371 | € 2,112,315 | € 193,259 | ▼ 91% |
| Balance sheet total | € 3,355,655 | € 3,831,163 | € 1,881,365 | € 32,293 | ▼ 98% |
Key figures of MtM, 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 MtM?
What happened at MtM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,900 (▲ 72% vs 2024). Source: NBB ↗
- Gustaaf VOF became a director. NBB
- Valérie Vanermen became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 152,451 profit in 2022 to € 99,900 profit in 2025.
Best year ever: 2022, with € 152,451 profit.
Paid out € 150,000 in dividends to the owners in total.
Management
The stake of LIEMAX, Milhouse comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MtMBehind MtM are Gustaaf VOF and Valérie Vanermen. The shares are held by LIEMAX (33.5%) and Milhouse (23.5%).
Directors
According to the 2025 annual accounts
Director · represented by Julie Vanermen
since 2021
Valérie Vanermen
Director
since 2021
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1168 box 101
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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Vereniging van mede-eigenaars van residentie Golden Mile te Sint-Denijs-Westrem, Kortrijksesteenweg 1168-1172
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.930.619
- VAT number
- BE 0753.930.619
- Registered office
- Kortrijksesteenweg 1168 bus 101, 9051 Gent
- Names & denominations
- MtM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2020
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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