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.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
More Than Group from Haaltert, company number BE0759787043, closed financial year 2024 with a result of € -559,578 after tax. For that financial year More Than Group recorded a gross margin of € -494,440 and equity of € -290,425. Compared with financial year 2023, the result moved from € -95,294 to € -559,578. 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 July 4, 2025.
€ -290,425
▼ € 389,578 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -559,578
▼ 487 % more loss than in 2023
Profit after tax over the fiscal year.
€ 4
▼ € 2,136 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -655,425.
People and assets in 2024
€ 2,534
▼ 45% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 576,217
▲ 113% vs 2023
€ 17,181 is repaid this year. At this pace the long-term loan is gone in ≈ 33 years.
€ 6,950
▼ 92% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,644
▼ 55% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 23,681 | € 53,900 | € -37,829 | € -494,440 | ▼ € 456,611 |
| Profit after taxes | € -2,683 | € 2,130 | € -95,294 | € -559,578 | ▼ € 464,284 |
| Equity | € 192,317 | € 194,447 | € 99,153 | € -290,425 | ▼ € 389,578 |
| Total debts | € 292,299 | € 442,273 | € 393,220 | € 598,811 | ▲ 52% |
| Cash | € 4,795 | € 23,611 | € 2,140 | € 4 | ▼ € 2,136 |
| Land & buildings | € 170,500 | € 178,623 | € 152,473 | € 296,324 | ▲ 94% |
| Retained profit | € -2,683 | € -553 | € -95,847 | € -655,425 | ▼ € 559,578 |
| Bank debt | € 100,000 | € 286,172 | € 270,844 | € 576,217 | ▲ 113% |
| Balance sheet total | € 484,616 | € 636,719 | € 492,372 | € 308,385 | ▼ 37% |
Key figures of More Than Group, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to More Than Group?
What happened at More Than Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
More Than Group is active according to the CBE. Legal situation: Opening faillissement.
- Patrick De Leeuw stepped down as director. NBB
- Ignace De Bock stepped down as director. NBB
- MITCH CONSULTING BV stepped down as director. NBB
- Independent Works stepped down as director. NBB
- Jo Van Den Wijngaerde stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 559,578. Source: NBB ↗
- Ignace De Bock became a director. NBB
- New establishment in Haaltert. KBO
In short
From € 2,683 loss in 2021 to € 559,578 loss in 2024.
Paid € 0 in corporate taxes since 2021.
Best year ever: 2022, with € 2,130 profit.
Management
The stake of Independent Works comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
More Than GroupThe shares are held by Independent Works (16.7%).
Directors
According to the 2024 annual accounts
since 2020 · until 2027
Ignace De Bock
Director
Also active at: MARAKIND, Soundfield Technical Sales, SOUNDFIELD, AV-KLOUD, SUFIKUPAR
since 2022 · until 2027
since 2020 · until 2027
Director · represented by Joris Capiau
since 2020 · until 2027
Jo Van Den Wijngaerde
Managing director
Also active at: Soundfield Technical Sales, SOUNDFIELD, AV-KLOUD, WUNDERWELT, PRED
since 2020 · until 2027
Shareholders
16.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Atomveldstraat(De) 8 box 9
9450 Haaltert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Imbema Belgium
€ 444,180 gross margin · 2025
IMBEMA RHIWA
€ 358,898 gross margin · 2025
E-T-A BENELUX
€ 3.4 million revenue · 2025
I.D. PHAR
€ 3 million gross margin · 2025
Wave to Synth
€ 1.3 million gross margin · 2023
+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
- 0759.787.043
- VAT number
- BE 0759.787.043
- Registered office
- Atomveldstraat(De) 8 bus 9, 9450 Haaltert
- Names & denominations
- More Than Group · MTG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 15 December 2020
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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