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 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MTF Group from Hasselt, company number BE0775599231, closed financial year 2024 with a result of € -999,385 after tax. For that financial year MTF Group recorded a gross margin of € 225,070 and equity of € -521,618. Compared with financial year 2023, the result moved from € 210,519 to € -999,385. 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 June 18, 2025.
€ -521,618
▼ € 999,385 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -999,385
▼ still € 210,519 profit in 2023
Profit after tax over the fiscal year.
€ 38,235
▲ 68% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -854,785.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
€ 97,323
▲ 109% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 1.4 million
▼ 29% vs 2023
€ 119,731 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 162,360
▲ 208% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 14,232
▲ 19% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -16 | € 97,963 | € 225,070 | ▲ 130% |
| Profit after taxes | € -65,919 | € 210,519 | € -999,385 | ▼ € 1.2 million |
| Equity | € 267,248 | € 477,766 | € -521,618 | ▼ € 999,385 |
| Total debts | € 857,616 | € 2,216,799 | € 1,746,232 | ▼ 21% |
| Cash | € 7,670 | € 22,704 | € 38,235 | ▲ 68% |
| Retained profit | € -65,919 | € 144,599 | € -854,785 | ▼ € 999,385 |
| Bank debt | € 737,667 | € 1,933,385 | € 1,379,135 | ▼ 29% |
| Balance sheet total | € 1,124,863 | € 2,694,565 | € 1,224,614 | ▼ 55% |
Key figures of MTF Group, fiscal years 2022 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 MTF Group?
What happened at MTF Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 999,385 (▼ € 1.2 million vs 2023). Source: NBB ↗
- New establishment in Hasselt. KBO
- DRAGONFLIES BV BV became a director. NBB
- MANOFEX BV BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 65,919 loss in 2022 to € 999,385 loss in 2024.
Best year ever: 2023, with € 210,519 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MANOFEX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MTF GroupBehind MTF Group are DRAGONFLIES BV BV and MANOFEX BV BV. The shares are held by MANOFEX (55%). It owns 100% of M.T.F. Metal Frame & Profile Experts BV and 100% of MTF Metaalindustrie NV itself.
Directors
According to the 2024 annual accounts
Director · represented by BRUYNSEELS SAM
Also active at: NAERT - DEGRANDE, Bicobel, CHOCOLATERIE DE NAEYER, DF Sweets, Andes Chocolatier
since 2021
Director · represented by SCHREURS PETER
since 2021
Shareholders
55%
Participations
Establishments
Establishment units
Physical locations of this company
Stadsheide 29
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0775.599.231
- VAT number
- BE 0775.599.231
- Registered office
- Stadsheide 29, 3500 Hasselt
- Names & denominations
- MTF Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2021
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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