MULTATULI
Annual accounts 2025
abbreviated format, filed on 30-09-2026, 61 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €1.0m and €1.5m.
Balance sheet
balance sheet total €545,553 on 31-12-2025in euro
in euro
Position in the sector
59.3%
Higher than 79% of 4,115 companies in 2025.
1.57
Higher than 67% of 4,059 companies in 2025.
12.9%
Higher than 75% of 4,076 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€47,721
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
545,553 | 512,187 | 666,391 | 670,796 | |
21/28 |
348,459 | 409,569 | 448,136 | 496,686 | |
21 |
72,831 | 86,720 | 100,609 | 114,498 | |
22/27 |
275,478 | 322,699 | 347,377 | 381,688 | |
23 |
270,800 | 312,968 | 333,999 | 362,851 | |
24 |
4,678 | 9,731 | 13,378 | 18,837 | |
28 |
150 | 150 | 150 | 500 | |
29/58 |
197,094 | 102,618 | 218,255 | 174,111 | |
3 |
4,761 | 4,062 | 8,970 | 12,500 | |
30/36 |
4,761 | 4,062 | 8,970 | 12,500 | |
40/41 |
164,504 | 13,160 | 37,919 | 14,178 | |
40 |
33,462 | 7,467 | 7,784 | 12,657 | |
41 |
131,042 | 5,693 | 30,135 | 1,521 | |
54/58 |
25,036 | 81,214 | 170,105 | 142,435 | |
490/1 |
2,793 | 4,182 | 1,261 | 4,998 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
545,553 | 512,187 | 666,391 | 670,796 | |
10/15 |
323,595 | 253,415 | 124,270 | 43,128 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | |
14 |
303,595 | 233,415 | 104,270 | 23,128 | |
17/49 |
221,958 | 258,772 | 542,121 | 627,669 | |
17 |
94,370 | 132,516 | 364,186 | 428,858 | |
170/4 |
94,370 | 132,516 | 364,186 | 428,858 | |
42/48 |
125,886 | 126,256 | 176,477 | 198,447 | |
42 |
38,146 | 37,628 | 64,673 | 63,366 | |
44 |
68,089 | 34,814 | 63,971 | 75,696 | |
440/4 |
68,089 | 34,814 | 63,971 | 75,696 | |
45 |
17,783 | 30,917 | 45,388 | 57,396 | |
450/3 |
13,013 | 30,757 | 45,388 | 41,592 | |
454/9 |
4,770 | 160 | 0 | 15,804 | |
47/48 |
1,867 | 22,897 | 2,445 | 1,989 | |
492/3 |
1,703 | 0 | 1,458 | 364 | |
| Income statement | |||||
76A |
85 | 260 | - | - | |
9900 |
462,356 | 499,393 | 558,141 | 448,520 | |
62 |
291,099 | 243,396 | 368,690 | 353,178 | |
630 |
68,064 | 64,185 | 60,334 | 42,421 | |
640/8 |
1,368 | 3,329 | 2,280 | 2,653 | |
66A |
689 | 277 | - | - | |
9901 |
101,136 | 188,206 | 126,838 | 50,268 | |
75/76B |
4,442 | 6,135 | 1,484 | 485 | |
75 |
4,442 | 6,135 | 957 | 181 | |
76B |
- | 0 | 527 | 304 | |
65/66B |
7,661 | 15,254 | 15,570 | 17,514 | |
65 |
7,661 | 15,254 | 15,040 | 15,829 | |
66B |
- | 0 | 530 | 1,685 | |
9903 |
97,917 | 179,087 | 112,752 | 33,240 | |
67/77 |
27,737 | 39,942 | 31,610 | 10,112 | |
9904 |
70,180 | 139,145 | 81,142 | 23,128 | |
9905 |
70,180 | 139,145 | 81,142 | 23,128 | |
| Appropriation of the result | |||||
9906 |
303,595 | 243,415 | 104,270 | 23,128 | |
14P |
233,415 | 104,270 | 23,128 | - | |
694/7 |
0 | 10,000 | - | - | |
695 |
0 | 10,000 | - | - | |
| Social balance sheet | |||||
9087 |
6.1 | 6.5 | 9.2 | 8.2 | |
Hours worked1013 |
9,639 | 8,898 | 12,915 | 13,012 | |
| Document | |||||
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00541053.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 169,200 | 252,391 | 187,172 | 92,690 | ||
| 138,244 | 203,330 | 141,476 | 65,549 | ||
| 6,955 | 26,654 | 12,285 | 539,107 | ||
| -56,177 | -88,891 | 27,670 | - | ||
| 71,209 | -23,638 | 41,777 | -24,336 | ||
| 59.3% | 49.5% | 18.6% | 6.4% | ||
| 1.57 | 0.81 | 1.24 | 0.88 | ||
| 1.53 | 0.78 | 1.19 | 0.81 | ||
| 0.69 | 1.02 | 4.36 | 14.55 | ||
| 21.7% | 54.9% | 65.3% | 53.6% | ||
| 12.9% | 27.2% | 12.2% | 3.4% | ||
| 22.09 | 16.55 | 12.44 | 5.86 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 8 | 8 | 13 |
| full-time | 5 | 4 | 4 | 5 |
| part-time | 3 | 4 | 4 | 8 |
| in full-time equivalents | 6.2 | 6.1 | 5.6 | 9 |
| 6.1 | 6.5 | 9.2 | 8.2 | |
| On a permanent contract | 6 | 8 | 7 | 11 |
| Joined | 1 | 6 | 17 | 24 |
| Left | 1 | 6 | 22 | 11 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €132,516 | €170,144 | €207,261 | - |
| - | - | - | €265,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,955 | €26,654 | €12,135 | €413,607 |
| Intangible fixed assets | - | - | - | €125,000 |
| Financial fixed assets | €0 | - | €150 | €500 |
| €68,064 | €64,185 | €60,334 | €42,421 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MULTATULI
The operating result for 2025 is 46% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 50.5% to 40.7%. Equity is higher and debt is lower.