Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6 to 4.6.
Financials
Financial year 2025
MTBE from Seraing, company number BE0831935049, closed financial year 2025 with a result of € 35,519 after tax. For that financial year MTBE recorded a gross margin of € 376,872 and equity of € 197,299. Compared with financial year 2024, the result moved from € 53,677 to € 35,519. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 197,299
▲ € 257,519 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,519
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 58,470
▼ 10% 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 € -124,715.
People and assets in 2025
4.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 287,423
▲ 2% vs 2024
€ 62,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,638
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 174,114
▼ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 90,686
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 173,312
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 536,233 | € 269,202 | € 390,291 | € 376,872 | ▼ 3% |
| Profit after taxes | € -24,551 | € -186,365 | € 53,677 | € 35,519 | ▼ 34% |
| Equity | € 72,467 | € -113,898 | € -60,220 | € 197,299 | ▲ € 257,519 |
| Total debts | € 762,370 | € 848,063 | € 739,030 | € 487,521 | ▼ 34% |
| Cash | € 72,863 | € 7,851 | € 65,184 | € 58,470 | ▼ 10% |
| Retained profit | € -27,547 | € -213,912 | € -160,234 | € -124,715 | ▲ € 35,519 |
| Bank debt | € 250,000 | € 250,000 | € 200,000 | € 174,114 | ▼ 13% |
| Balance sheet total | € 849,258 | € 745,746 | € 690,390 | € 684,820 | ▼ 1% |
| Employees (FTE) | 7.8 | 6 | 4.8 | 4.6 | ▼ 0.2 |
Key figures of MTBE, fiscal years 2022 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 MTBE?
What happened at MTBE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ONEIRA INVEST SPRL SPRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 35,519 (▼ 34% vs 2024). Source: NBB ↗
- ONEIRA INVEST SPRL SPRL became a director. NBB
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,551 loss in 2022 to € 35,519 profit in 2025.
Paid € 3,337 in corporate taxes since 2022.
Best year ever: 2024, with € 53,677 profit.
On average € 81,900 of value added per employee in 2025.
A new publication or filing at MTBE? We notify you, reason included.
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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 CENTRALE ELECTRIQUE LA FENDERIE, AUBIN HOLDING, ONEIRA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MTBEThe shares are held by CENTRALE ELECTRIQUE LA FENDERIE (88.5%), AUBIN HOLDING (49%) and ONEIRA INVEST (11.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by Stéphane VERRAES
Also active at: CENTRALE ELECTRIQUE LA FENDERIE
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Guillaume d'Orange 111
4100 Seraing
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0831.935.049
- VAT number
- BE 0831.935.049
- Registered office
- Rue Guillaume d'Orange 111, 4100 Seraing
- Names & denominations
- MTBE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2010
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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