Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MST from Hasselt, company number BE0808744329, closed financial year 2025 with a result of € -130,272 after tax. For that financial year MST recorded a gross margin of € -60,347 and equity of € 326,144. Compared with financial year 2024, the result moved from € 390,851 to € -130,272. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 5, 2026.
€ 326,144
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -130,272
▼ still € 390,851 profit in 2024
Profit after tax over the fiscal year.
€ 22,632
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 176,144.
People and assets in 2025
€ 32,182
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 104,000
▼ 58% vs 2024
Loans from banks and other lenders, long and short.
€ 1,052
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,186
▼ 83% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -25,934 | € -28,148 | € 512,301 | € -60,347 | ▼ € 572,648 |
| Profit after taxes | € -65,506 | € -86,514 | € 390,851 | € -130,272 | ▼ € 521,123 |
| Equity | € 152,080 | € 65,566 | € 456,416 | € 326,144 | ▼ 29% |
| Total debts | € 621,090 | € 802,461 | € 349,858 | € 195,687 | ▼ 44% |
| Cash | € 78,519 | € 33,360 | € 346,740 | € 22,632 | ▼ 93% |
| Land & buildings | € 691,451 | € 732,851 | € 385,971 | € 462,501 | ▲ 20% |
| Retained profit | € 2,080 | € -84,434 | € 306,416 | € 176,144 | ▼ 43% |
| Bank debt | € 573,708 | € 740,278 | € 250,000 | € 104,000 | ▼ 58% |
| Balance sheet total | € 773,170 | € 868,027 | € 806,274 | € 521,831 | ▼ 35% |
Key figures of MST, 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 January 2027.
What happened to MST?
What happened at MST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 130,272 (▼ € 521,123 vs 2024). Source: NBB ↗
- Greet Thijs became a director. NBB
- Bart Reyskens became a director. NBB
- New establishment in Lanaken. KBO
- Start of the company according to the CBE. KBO
In short
From € 65,506 loss in 2022 to € 130,272 loss in 2025.
Paid € 29,680 in corporate taxes since 2022.
Best year ever: 2024, with € 390,851 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
Behind MST are Bart Reyskens and Greet Thijs.
Directors
According to the 2025 annual accounts
Bart Reyskens
Andere functie
since 2009
Greet Thijs
Andere functie
since 2012
Establishments
Establishment units
Physical locations of this company
Zavelvennestraat 157C
3500 Hasselt
Steenweg 100 box 1
3621 Lanaken
Active since 5 January 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0808.744.329
- VAT number
- BE 0808.744.329
- Registered office
- Zavelvennestraat 157C, 3500 Hasselt
- Names & denominations
- MST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2008
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- [email protected] 0476258171