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 1 of the last 4 fiscal years.
Financials
Financial year 2025
MT Engineering from Aalst, company number BE0754617933, closed financial year 2025 with a result of € -373,154 after tax. For that financial year MT Engineering recorded a gross margin of € 128,651 and equity of € -313,731. Compared with financial year 2024, the result moved from € 23,887 to € -373,154. The company made a loss. 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 April 29, 2026.
€ -313,731
▼ € 373,154 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -373,154
▼ still € 23,887 profit in 2024
Profit after tax over the fiscal year.
€ 6,559
▲ € 6,059 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -363,731.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,200
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 379,301
▼ 27% vs 2024
€ 71,220 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5,216
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,562
▲ 116% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,036 | € 11,107 | € 44,126 | € 128,651 | ▲ 192% |
| Profit after taxes | € 2,526 | € -8,479 | € 23,887 | € -373,154 | ▼ € 397,042 |
| Equity | € 44,015 | € 35,537 | € 59,424 | € -313,731 | ▼ € 373,154 |
| Total debts | € 812,981 | € 816,247 | € 763,111 | € 618,356 | ▼ 19% |
| Cash | - | € 10 | € 500 | € 6,559 | ▲ € 6,059 |
| Retained profit | € -5,985 | € -14,463 | € 9,424 | € -363,731 | ▼ € 373,154 |
| Bank debt | € 610,237 | € 589,130 | € 518,241 | € 379,301 | ▼ 27% |
| Balance sheet total | € 856,997 | € 851,784 | € 822,535 | € 304,625 | ▼ 63% |
Key figures of MT Engineering, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MT Engineering?
What happened at MT Engineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 373,154 (▼ € 397,042 vs 2024). Source: NBB ↗
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,526 profit in 2022 to € 373,154 loss in 2025.
Paid € 38,931 in corporate taxes since 2022.
Best year ever: 2024, with € 23,887 profit.
Management
Behind MT Engineering is Matthias Tuytschaever.
Directors
According to the 2025 annual accounts
Matthias Tuytschaever
Director
Establishments
Establishment units
Physical locations of this company
Merestraat 41
9300 Aalst
Akkerstraat 23
9420 Erpe-Mere
Active since 18 September 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
- 0754.617.933
- VAT number
- BE 0754.617.933
- Registered office
- Merestraat 41, 9300 Aalst
- Names & denominations
- MT Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 2020
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings