Equity
€323,595 ▲ 27.7%
MULTATULI has made a profit in every financial year since 2022.
MULTATULI
Overview
Lifetime
4 annual accounts with figures on one time axispeak €558,141 (2023)
€462,356▼ 7.4%
peak €139,145 (2024)
€70,180▼ 49.6%
peak €323,595 (2025)
€323,595▲ 27.7%
€221,958▼ 14.2%
peak 9.2 FTE (2023)
6.1 FTE▼ 6.2%
Board2 names since 2022
1 director
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Result from €139,145 to €70,180Equity from €253,415 to €323,595Cash from €81,214 to €25,036
Key points
from the 2025 annual accountsResult
€70,180 ▼ 49.6%
The result fell in 2025 from €139,145 to €70,180.
Turnover
≈ €1.1m estimated
The accounts state no turnover.
Staff
6.1 FTE from 9.2 in 2023
Between 2023 and 2025, 34% of the full-time equivalents disappeared.
Liquidity
1.57 was 0.81 in 2024
Short-term debts fell from €126,256 to €125,886.
Filings
4 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as MULTATULI has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,274 companies, not a prediction for MULTATULI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
New director
appointed, resigned · Permanent representative: · General meeting of 01-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781579280
Incorporation
Founding capital of €20,000, 1,000 shares · Founder: · Appointment: (director) · published on 07-02-2022 · Gazette deed
First establishment
Huidevetterskaai 40, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MULTATULI Ghent | €545,553 | €462,356 | 59.3% | 6.1 |
| bArd'eau Aalst | €623,942 | €425,185 | 6.1% | 6.1 |
| DL NOVA Blankenberge | €471,744 | €468,365 | 34.8% | 6.2 |
| De Zuster Lier | €529,420 | €499,602 | 27.1% | 6.6 |
| LA BONNE AUBERGE Viroinval | €536,641 | €398,542 | 29.5% | 7.1 |
| Perfect Food Ghent | €456,350 | €576,083 | 45.3% | 8.3 |
| MADAM KROKET Ostend | €590,994 | €381,318 | 37.5% | 7 |
These companies have the same main activity as MULTATULI: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €456,000 and €624,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 03-02-2022Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.327.510.6449000 Ghent, since 03-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2023
Annual accounts 2025
- €462,356▼ 7.4%
- €70,180▼ 49.6%
- €323,595▲ 27.7%
- €545,553▲ 6.5%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 30-09-2026
Insights on MULTATULI
MULTATULI files the abbreviated format. That format states no turnover. The gross margin rose from €448,520 in 2022 to €462,356 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 30-09-2026, 61 days late€462,356
▼ 7.4%
€101,136
▼ 46.3%
€70,180
▼ 49.6%
€71,209
▲ €94,846
59.3%
▲ 9.8 percentage points
1.57
▲ 0.75
Turnover 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 31-12-2025What the company ownsHow it is paid for
in 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.
MULTATULI
Middle half of the sector
80% of the sector
Abbreviated accounts in food and beverage service (NACE 56)
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
people who joined
people who left
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.
Board & ownership
Board
1 director, no change since 2025Director (not named in the articles), permanent representative
since 01-10-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 07-02-2022
Permanent representatives 1
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director
BoardEarlierend not dated
Mandates as a list
-
- Director (not named in the articles), from 03-02-2022 to date
-
- Director, from 03-02-2022 to 01-10-2025
- Director, appointed by deed of 07-02-2022, no longer listed in the 2025 annual accounts
Control
Founder
This company
MULTATULI
Equity €323,595
Profit €70,180 in 2025
Capital
- Contribution
- €20,000
- Shares
- 1,000
- Contribution per share
- €20
- Equity per share
- €324 in 2025
- Source
- deed of 07-02-2022
Articles of association
deed of 07-02-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 20:00
Shareholders
At incorporation
deed of 07-02-2022 ↗
- 1,000 shares (100%) · €20,000 in cash
Network & group
No group
MULTATULI has no parent and no holdings in its annual accounts. is the only director. MULTATULI shares no director with another company.
At the same address
Huidevetterskaai 40, 9000 Ghent · 2 other companies| EETKAFFEE MULTATULI
establishment since 01-04-2008 · founded in 2008 |
total assets €809,696 (2025) 0895.115.604 |
| Multa Management
registered office since 30-08-2025 |
founded in 2025 1027.027.981 |
Timeline
Timeline
11 events since 2022Board
Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 61 days late
New director appointed, resigned · Permanent representative: · General meeting of 01-10-20254 points ▸
- General meeting, 01-10-2025
- Director resignation, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- Permanent representative,
- The deed holds 1 more point.
2025
Annual accounts 2024 filed PDFabbreviated format · on the deadline day
2024
Highest result from 2022 to 2025 net €139,145 ▲71.5% The operating result of €188,206 and the net result of €139,145 are both a record.
Equity above €200,000 equity €253,415 ▲104% With a profit in every financial year since 2022, equity grows to €253,415.
Annual accounts 2023 filed PDFabbreviated format · 30 days late
2023
Equity above €100,000 equity €124,270 ▲188% With a profit in every financial year since 2022, equity grows to €124,270.
Annual accounts 2022 filed PDFmicro format · 36 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0781579280
2022
IncorporationFounding capital of €20,000, 1,000 shares · Founder: · Appointment: (director) · published on 07-02-20226 points ▸
- Founder,
- Founding capital, €20,000, 1,000 shares
- holds 1,000 shares
- Registered office clause, Huidevetterskaai 40, 9000 Gent
- Board rule, 1
- Director appointment,
- The deed holds 3 more points.
First establishment Huidevetterskaai 40, Ghent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0781.579.280
- VAT number
- BE 0781.579.280
- Peppol ID
- 0208:0781579280
- Other Peppol ID
- 9925:BE0781579280
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-02-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 20:00deed of 07-02-2022 (in Dutch)
- Peppol
- Reachable since 28-08-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MULTATULI in Dutch
- Name in the Peppol Directory
- EETKAFFEE MULTATULI
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-02-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-02-2022 (in Dutch)
Activities
NACEBEL 2025VAT activities
56111
Full-service restaurants main activity
Social security (RSZ) activities
56111
Full-service restaurants main activity
Joint committees annual accounts 2025
JC 302
Hotels and catering
Codes under NACEBEL 2008
VAT activities
56101
Full-service restaurants main activity
Social security (RSZ) activities
56101
Full-service restaurants main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle activiteiten die behoren tot de horecasector,in het algemeen en in het bijzonder:; Restaurant van het traditionele type…”deed of 07-02-2022 (in Dutch)
11 activities
- Alle activiteiten die behoren tot de horecasector,in het algemeen en in het bijzonder:
- Restaurant van het traditionele type
- Eetgelegenheden met beperkte bediening
- Catering
- Klaarmaken,thuisbezorgen en eventueel serveren van maaltijden en bereide schotels
- Organiseren en verzorgen van bruiloften,banketten,cocktails,lunches,recepties,enz.
- Overige eetgelegenheden
- Cafés en bars
- De aan-en verkoop van voedingswaren en dranken met inbegrip van alcoholische dranken,wijnen,likeuren en rookartikelen
- Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed,exclusief terreinen
- Bestuurdersactiviteiten
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Huidevetterskaai 40 registered office 9000 Ghent | 03-02-2022 | 2.327.510.644 | Service provider – hotel and catering sector Restaurant |
Buildings and parcels at the address
- Ground area
- 363 m²
- Buildings
- 361 m²
- Volume, LiDAR
- 3,344 m³
- Tallest building
- 13.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44021A2144/00T000 | 363 m² | 1 · 361 m² | 13.3 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Recognitions
Food safety, FASFC
1 siteGhentunit number 2.327.510.644
Dual-learning approval
3 live approvalsKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Restaurant en keuken duaal (so)