Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
MTM from Amel, company number BE0834246322, closed financial year 2025 with a result of € -10,708 after tax. For that financial year MTM recorded a gross margin of € -3,363 and equity of € -4,394. Compared with financial year 2024, the result moved from € -11,366 to € -10,708. 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 8, 2026.
€ -4,394
▼ € 10,708 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,708
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
€ 13,489
▲ € 11,642 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -104,394.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 119,000
▲ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 470
▲ € 441 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,094 | € -3,927 | € -4,032 | € -3,363 | ▲ € 670 |
| Profit after taxes | € -10,512 | € -11,254 | € -11,366 | € -10,708 | ▲ € 658 |
| Equity | € 28,935 | € 17,680 | € 6,314 | € -4,394 | ▼ € 10,708 |
| Total debts | € 105,273 | € 105,000 | € 105,113 | € 119,554 | ▲ 14% |
| Cash | € 11,724 | € 6,656 | € 1,847 | € 13,489 | ▲ € 11,642 |
| Land & buildings | € 121,814 | € 114,988 | € 108,163 | € 101,337 | ▼ 6% |
| Retained profit | € -71,065 | € -82,320 | € -93,686 | € -104,394 | ▼ € 10,708 |
| Bank debt | € 105,000 | € 105,000 | € 105,000 | € 119,000 | ▲ 13% |
| Balance sheet total | € 134,207 | € 122,680 | € 111,428 | € 115,160 | ▲ 3% |
Key figures of MTM, 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 MTM?
What happened at MTM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,708. Source: NBB ↗
- Christian THEISSEN became a director. NBB
- Georg BACKES stepped down as director. NBB
- New establishment in Amel. KBO
- Georg BACKES became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,512 loss in 2022 to € 10,708 loss in 2025.
Management
Behind MTM is Christian THEISSEN.
Directors
According to the 2025 annual accounts
Christian THEISSEN
Director
since 2026
Georg BACKES
Director
since 2011 · until 2026
Establishments
Establishment units
Physical locations of this company
Iveldingen,Im Uhrenfeld 13
4770 Amel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.246.322
- VAT number
- BE 0834.246.322
- Registered office
- Iveldingen,Im Uhrenfeld 13, 4770 Amel
- Names & denominations
- MTM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 2011
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
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