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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
MTELECOM from Etterbeek, company number BE0888383606, closed financial year 2024 with a result of € -78,991 after tax. For that financial year MTELECOM recorded revenue of € 12,852 and equity of € 45,781. Compared with financial year 2023, the result moved from € -37,771 to € -78,991. The company made a loss. The buffer shrank hard: equity is 63 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 1, 2026.
€ 45,781
▼ 63% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -78,991
▼ 109 % more loss than in 2023
Profit after tax over the fiscal year.
€ 36,189
▼ 60% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 39,581.
People and assets in 2024
€ 3,174
▼ 71% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 277,105
▼ 12% vs 2023
€ 3,000 is repaid this year. At this pace the long-term loan is gone in ≈ 92 years.
€ 23,393
▼ 20% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,428
▼ 26% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 12,852 | |
| Gross margin | € 117,121 | € 91,389 | € 24,322 | € 13,788 | ▼ 43% |
| Profit after taxes | € 81,337 | € 1,227 | € -37,771 | € -78,991 | ▼ € 41,220 |
| Equity | € 161,316 | € 162,543 | € 124,772 | € 45,781 | ▼ 63% |
| Total debts | € 224,055 | € 406,403 | € 376,618 | € 367,616 | ▼ 2% |
| Cash | € 151,924 | € 115,065 | € 90,923 | € 36,189 | ▼ 60% |
| Land & buildings | € 115,500 | € 318,355 | € 268,380 | € 218,405 | ▼ 19% |
| Retained profit | € 155,116 | € 156,343 | € 118,572 | € 39,581 | ▼ 67% |
| Bank debt | € 161,660 | € 341,830 | € 315,743 | € 277,105 | ▼ 12% |
| Balance sheet total | € 385,371 | € 568,946 | € 501,390 | € 413,397 | ▼ 18% |
Key figures of MTELECOM, fiscal years 2021 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 MTELECOM?
What happened at MTELECOM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 78,991. filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 81,337 profit in 2021 to € 78,991 loss in 2024.
Paid € 37,642 in corporate taxes since 2021.
Best year ever: 2021, with € 81,337 profit.
A new publication or filing at MTELECOM? 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
Establishments
Establishment units
Physical locations of this company
Witte Patersstraat 4
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →OCTOPUS INTERNATIONAL
€ 7,348 gross margin · 2025
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€ 14,010 gross margin · 2024
Virtual Words
€ 48,534 gross margin · 2024
PEGAS
€ 77,953 gross margin · 2025
+64 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.383.606
- VAT number
- BE 0888.383.606
- Registered office
- Witte Patersstraat 4, 1040 Etterbeek
- Names & denominations
- MTELECOM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2007
- Peppol
- Not registered
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computeradviesbureaus
Computerconsultancy-activiteiten
Installatie van elektronische beveiligingssystemen
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Overige diensten op het gebied van informatietechnologie en computer
Ontwerpen van computerprogramma’s
Overige activiteiten in verband met computers
+5