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 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MTW from Turnhout, company number BE0802630755, closed financial year 2025 with a result of € 2,108 after tax. For that financial year MTW recorded a gross margin of € 3,683 and equity of € -14,526. Compared with financial year 2024, the result moved from € -18,634 to € 2,108. 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 September 10, 2026.
€ -14,526
▲ € 2,108 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,108
▲ still € 18,634 loss in 2024
Profit after tax over the fiscal year.
€ 12
▼ 99% 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 € -16,526.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 786
▼ 26% 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.
€ 1,033
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 556
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -16,846 | € 3,683 | ▲ € 20,529 |
| Profit after taxes | € -18,634 | € 2,108 | ▲ € 20,742 |
| Equity | € -16,634 | € -14,526 | ▲ € 2,108 |
| Total debts | € 20,049 | € 23,894 | ▲ 19% |
| Cash | € 1,829 | € 12 | ▼ 99% |
| Retained profit | € -18,634 | € -16,526 | ▲ € 2,108 |
| Balance sheet total | € 3,415 | € 9,367 | ▲ 174% |
Key figures of MTW, fiscal years 2024 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 MTW?
What happened at MTW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,108. filed late Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,634 loss in 2024 to € 2,108 profit in 2025.
Paid € 556 in corporate taxes since 2024.
Best year ever: 2025, with € 2,108 profit.
Management
Behind MTW is Theodorus Hendrikus Megens.
Directors
According to the 2025 annual accounts
Theodorus Hendrikus Megens
Director
Establishments
Establishment units
Physical locations of this company
Waterjufferstraat 2 box 1
2300 Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0802.630.755
- VAT number
- BE 0802.630.755
- Registered office
- Waterjufferstraat 2 bus 1, 2300 Turnhout
- Names & denominations
- MTW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 2023
- Peppol
- Active · Active since 12 Feb 2026
- Activities · NACE
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Handelsbemiddeling in de groothandel in voedings- en genotmiddelen
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)