Multi-Sun (0460.067.535): financials and annual accounts

Multi-Sun

Jabbeke ·KBO/BCE: BE 0460.067.535

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	1.1m	1.8m	1.8m	1.0m	949,481	955,647	921,734	955,150	988,798	1.0m	1.0m	1.1m	78,515	92,885	102,304	109,457	119,213	141,492	145,664	160,644
Fixed assets`21/28`	875,005	1.8m	1.8m	999,088	914,088	915,674	907,233	940,661	974,088	1.0m	1.0m	1.1m	62,122	67,139	73,774	80,499	91,688	103,027	87,150	101,227
Tangible fixed assets`22/27`	875,005	1.8m	1.8m	999,088	914,088	915,674	907,233	940,661	974,088	1.0m	1.0m	1.1m	62,122	67,139	73,774	80,499	91,688	103,027	87,150	101,227
Land and buildings`22`	816,000	1.7m	1.7m	899,809	899,809	899,809	907,233	940,661	974,088	1.0m	1.0m	1.1m	51,739	54,055	56,372	58,688	61,034	63,530	66,185	69,009
Plant, machinery and equipment`23`	22,499	14,279	14,279	14,279	14,279	15,865	-	-	-	-	-	-	10,383	13,084	17,402	21,811	30,654	39,497	17,960	26,458
Furniture and vehicles`24`	36,506	47,191	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,005	5,760
Assets under construction and advance payments`27`	-	-	-	85,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	183,965	32,267	28,869	29,473	35,393	39,973	14,501	14,489	14,710	21,509	15,909	21,839	16,393	25,746	28,530	28,958	27,525	38,465	58,514	59,417
Amounts receivable after more than one year`29`	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	30,617	29,026	27,898	28,786	32,072	34,906	-	-	-	174	174	174	409	1,655	2,006	285	430	954	1,409	912
Stocks`30/36`	30,617	29,026	27,898	28,786	32,072	34,906	-	-	-	174	174	174	409	1,655	2,006	285	430	954	1,409	912
Amounts receivable within one year`40/41`	351	38	907	25	2,261	2,947	192	185	157	151	117	2,195	199	-	263	1	3	2,500	3,886	7,449
Trade receivables`40`	60	38	442	25	1,025	15	-	-	-	-	-	2,195	199	-	263	1	3	-	-	-
Other amounts receivable`41`	291	-	465	-	1,236	2,932	192	185	157	151	117	-	-	-	-	-	-	2,500	3,886	7,449
Current investments`50/53`	-	474	-	-	-	-	14,259	14,259	14,553	14,258	14,258	14,258	14,258	22,123	26,116	26,455	26,327	34,472	46,033	21,448
Cash at bank and in hand`54/58`	2,210	64	64	662	1,060	2,120	50	45	-	6,926	1,360	5,212	1,294	1,775	-	1,958	-	-	6,481	28,982
Deferred charges and accrued income`490/1`	787	2,665	-	-	-	-	-	-	-	-	-	-	233	193	145	259	765	539	705	626
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.1m	1.8m	1.8m	1.0m	949,481	955,647	921,734	955,150	988,798	1.0m	1.0m	1.1m	78,515	92,885	102,304	109,457	119,213	141,492	145,664	160,644
Equity`10/15`	219,125	-49,117	-56,149	164,257	170,539	174,858	166,744	173,301	180,533	189,026	189,278	187,123	73,272	66,170	63,997	60,190	58,339	52,407	57,477	77,706
Contributions`10/11`	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789
Issued capital`100`	-	-	-	-	-	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789
Reserves`13`	194,336	2,479	74,040	138,016	142,525	147,034	151,543	156,030	160,517	164,237	164,489	162,334	48,483	41,381	39,208	35,401	33,550	32,917	32,917	52,917
Non-distributable reserves`130/1`	2,479	2,479	2,479	2,479	2,479	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479
Reserves not available under the articles`1311`	2,479	2,479	2,479	2,479	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	71,561	76,070	80,579	85,088	89,597	94,084	98,571	102,291	105,663	109,035	-	-	-	-	-	-	-	-
Distributable reserves`133`	191,857	-	-	59,467	59,467	59,467	59,467	59,467	59,467	59,467	56,347	50,820	46,004	38,902	36,729	32,922	31,071	30,438	30,438	50,438
Profit (loss) carried forward`14`	-	-76,385	-154,978	1,452	3,225	3,035	-9,588	-7,518	-4,773	-	-	-	-	-	-	-	-	-5,299	-229	-
Provisions and deferred taxes`16`	-	-	59,954	61,081	62,208	63,336	64,463	65,613	66,762	68,678	70,942	73,206	-	-	-	-	-	-	-	-
Deferred taxes`168`	-	-	59,954	61,081	62,208	63,336	64,463	65,613	66,762	68,678	70,942	73,206	-	-	-	-	-	-	-	-
Amounts payable`17/49`	839,845	1.9m	1.8m	803,223	716,734	717,453	690,527	716,236	741,503	771,321	789,209	814,140	5,243	26,715	38,307	49,267	60,874	89,085	88,187	82,938
Amounts payable after more than one year`17`	786,933	1.8m	1.7m	774,774	685,344	687,834	661,555	688,954	714,012	739,382	759,660	784,393	-	15,235	26,132	32,451	44,645	74,578	54,328	69,143
Financial debts`170/4`	21,775	1.0m	1.0m	167,306	195,376	222,765	249,491	276,141	714,012	739,382	759,660	784,393	-	15,235	26,132	32,451	44,645	74,578	54,328	69,143
Other amounts payable`178/9`	765,158	803,068	647,518	607,468	489,968	465,069	412,064	412,813	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	52,912	22,612	98,349	28,449	31,390	29,619	28,972	27,282	27,491	31,939	29,549	29,747	5,243	11,280	11,774	16,616	15,979	13,607	33,859	13,795
Current portion of amounts payable after more than one year`42`	23,208	22,057	28,766	28,069	27,389	26,726	26,079	24,258	23,455	22,679	21,928	21,203	2,156	8,397	8,019	12,467	13,098	11,378	10,870	6,374
Financial debts`43`	-	-	20,471	-	-	-	-	-	-	3,514	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	20,471	-	-	-	-	-	-	3,514	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	19	-	50	112	111	2	-	-	-	-	1,436	-	38	-	1,207	1	318	662	194	293
Suppliers`440/4`	19	-	50	112	111	2	-	-	-	-	1,436	-	38	-	1,207	1	318	662	194	293
Advances received on contracts in progress`46`	400	352	3,400	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	28,000	41	-	106	-	-	-	-	6	675	675	4,039	2,833	1,196	1,454	1,061	422	138	2,795	3,928
Taxes`450/3`	28,000	41	-	106	-	-	-	-	6	675	675	4,039	2,833	1,196	1,454	1,061	422	138	1,145	3,928
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	-
Other amounts payable`47/48`	1,285	162	45,662	162	2,890	2,891	2,893	3,024	4,030	5,071	5,510	4,505	216	1,687	1,094	3,087	2,141	1,429	20,000	3,200
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	200	401	200	250	900	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,653	-	47,843	47,189	41,734
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	187,878	-	-	-	-	-	-	-	-
Gross operating margin`9900`	370,399	28,703	-100,156	611	4,429	17,993	40,168	46,169	46,049	46,597	45,595	55,066	30,092	27,392	28,050	25,920	29,091	28,509	34,782	35,297
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,733	-	19,334	12,407	6,437
Remuneration, social security and pensions`62`	-	-	-	-	-	1,200	4,800	3,000	-	-	-	-	9,700	10,800	11,000	7,040	8,800	10,500	14,677	14,400
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	23,663	18,233	66,609	-	1,586	7,424	33,428	33,427	33,428	26,004	19,110	33,428	5,017	6,635	6,725	11,189	11,339	18,107	14,527	14,149
Other operating charges`640/8`	5,538	2,664	4,653	2,686	2,677	2,715	975	973	1,022	-	2,131	1,709	1,714	1,710	1,714	2,870	1,328	2,593	3,251	2,296
Operating profit (loss)`9901`	341,198	7,806	-171,418	-2,075	166	6,654	965	8,769	11,599	20,593	24,354	19,929	13,661	8,247	8,611	4,821	7,624	-2,691	2,327	4,452
Financial income`75/76B`	-	3,417	100	-	350	13,146	68	122	18	206	40	10	106	81	2,210	56	6,030	3,339	487	2,987
Recurring financial income`75`	-	540	100	-	350	13,146	68	122	18	206	40	10	106	81	2,210	56	6,030	3,339	487	2,987
Non-recurring financial income`76B`	-	2,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	29,956	64,144	50,215	5,334	5,998	12,798	8,728	17,294	22,022	23,268	24,049	19,585	4,012	6,149	7,009	3,420	7,750	5,576	3,645	2,711
Recurring financial charges`65`	29,956	64,144	50,215	5,334	5,998	12,798	8,728	17,294	22,022	23,268	24,049	19,585	4,012	6,149	7,009	3,420	7,750	5,576	3,645	2,711
Profit (loss) for the period before taxes`9903`	311,242	-52,921	-221,533	-7,409	-5,482	7,002	-7,695	-8,403	-10,405	-2,469	345	188,232	9,755	2,179	3,812	1,457	5,904	-4,928	-831	4,728
Transfer from deferred taxes`780`	-	59,954	1,127	1,127	1,127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	43,000	-	-	-	-36	15	12	-21	4	47	454	1,174	1,653	6	5	-394	-28	142	-602	1,143
Profit (loss) for the period`9904`	268,242	7,033	-220,406	-6,282	-4,319	8,114	-6,557	-7,232	-8,493	-252	2,155	113,851	8,102	2,173	3,807	1,851	5,932	-5,070	-229	3,585
Transfer from tax-exempt reserves`789`	-	71,561	4,509	4,509	4,509	4,509	4,487	4,487	3,720	3,372	3,372	3,372	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	112,407	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	268,242	78,594	-215,897	-1,773	190	12,623	-2,070	-2,745	-4,773	3,120	5,527	4,816	8,102	2,173	3,807	1,851	5,932	-5,070	-229	3,585
Appropriation of the result
Profit (loss) to be appropriated`9906`	191,857	-76,385	-214,445	1,452	3,225	3,035	-9,588	-7,518	-4,773	3,120	5,527	4,816	8,102	2,173	3,807	1,851	633	-5,299	-229	3,585
Profit (loss) brought forward from the previous period`14P`	-76,385	-154,979	1,452	3,225	3,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	59,467	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-
Transfer to equity`691/2`	191,857	-	-	-	-	-	-	-	-	3,120	5,527	4,816	7,102	2,173	3,807	1,851	633	-	-	385
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	4,816	-	-	-	-	-	-	-	-
To other reserves`6921`	191,857	-	-	-	-	-	-	-	-	3,120	5,527	-	7,102	2,173	3,807	1,851	633	-	-	385
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	20,000	3,200
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	20,000	3,200
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	11-05-2026	2026-00107548	PDF
31-12-2024	micro format	23-05-2025	2025-00103784	PDF
31-12-2023	micro format	05-06-2024	2024-00109743	PDF
31-12-2022	micro format	13-05-2023	2023-00086849	PDF
31-12-2021	micro format	17-05-2022	2022-20027848	PDF
31-12-2020	micro format	08-05-2021	2021-13800310	PDF
31-12-2019	micro format	17-05-2020	2020-12400506	PDF
31-12-2018	micro format	31-05-2019	2019-15900139	PDF
31-12-2017	micro format	20-05-2018	2018-13400207	PDF
31-12-2016	micro format	16-05-2017	2017-12200466	PDF
31-12-2015	abbreviated format	01-06-2016	2016-14100409	PDF
31-12-2014	abbreviated format	28-05-2015	2015-13700055	PDF
31-12-2013	abbreviated format	31-05-2014	2014-14700038	PDF
31-12-2012	abbreviated format	22-05-2013	2013-12600120	PDF
31-12-2011	abbreviated format	16-05-2012	2012-11800019	PDF
31-12-2010	abbreviated format	31-05-2011	2011-14400494	PDF
31-12-2009	abbreviated format	24-05-2010	2010-12800379	PDF
31-12-2008	abbreviated format	03-07-2009	2009-36300342	PDF
31-12-2007	abbreviated format	16-05-2008	2008-14400073	PDF
31-12-2006	abbreviated format	05-06-2007	2007-19000092	PDF
31-12-2005	abbreviated format	09-06-2006	2006-22304913	PDF
31-12-2004	abbreviated format	30-06-2005	2005-38803804	PDF
31-12-2003	abbreviated format	17-06-2004	2004-26602783	PDF
31-12-2002	abbreviated format	23-07-2003	2003-48804182	PDF
31-12-2001	abbreviated format	24-06-2002	2002-25502054	PDF
31-12-2000	abbreviated format	11-06-2001	2001-19203740	PDF
31-12-1999	abbreviated format	08-06-2000	2000-19301717	PDF
31-12-1998	abbreviated format	07-06-1999	1999-14800926	PDF
31-12-1997	abbreviated format	02-06-1998	1998-12404401	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	364,861	26,039	-104,809	-	1,752	14,078	34,393	42,196	45,027	46,597	43,464	53,357	18,678	14,882	15,336	16,010	18,963	15,416	16,854	18,601
Cash flow	291,905	25,266	-153,797	-	-2,733	15,538	26,871	26,195	24,935	25,752	21,265	147,279	13,119	8,808	10,532	13,040	17,271	13,037	14,298	17,734
Investment in fixed assets (approximation)	23,477	53,424	906,609	85,000	0	15,865	0	0	0	0	0	961,814	0	0	0	0	0	33,984	450	30,440
Change in cash	2,146	0	-598	-398	-1,060	2,070	5	-	-	5,566	-3,852	3,918	-481	-	-	-	-	-	-22,501	-
Working capital	131,053	9,655	-69,480	1,024	4,003	10,354	-14,471	-12,793	-12,781	-10,430	-13,640	-7,908	11,150	14,466	16,756	12,342	11,546	24,858	24,655	45,622
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.8%	-	-5.6%	4.9%	10.7%
Solvency	20.7%	-2.7%	-3.1%	16.0%	18.0%	18.3%	18.1%	18.1%	18.3%	18.4%	18.0%	17.4%	93.3%	71.2%	62.6%	55.0%	48.9%	37.0%	39.5%	48.4%
Current ratio	3.48	1.43	0.29	1.04	1.13	1.35	0.50	0.53	0.54	0.67	0.54	0.73	3.13	2.28	2.42	1.74	1.72	2.83	1.73	4.31
Quick ratio	2.90	0.14	0.01	0.02	0.11	0.17	0.50	0.53	0.54	0.67	0.53	0.73	3.05	2.14	2.25	1.73	1.70	2.76	1.69	4.24
Debt to equity	3.83	-	-	4.89	4.20	4.10	4.14	4.13	4.11	4.08	4.17	4.35	0.07	0.40	0.60	0.82	1.04	1.70	1.53	1.07
ROE	122.4%	-	-	-3.8%	-2.5%	4.6%	-3.9%	-4.2%	-4.7%	-0.1%	1.1%	60.8%	11.1%	3.3%	5.9%	3.1%	10.2%	-9.7%	-0.4%	4.6%
ROA	25.3%	0.4%	-12.4%	-0.6%	-0.5%	0.8%	-0.7%	-0.8%	-0.9%	0.0%	0.2%	10.6%	10.3%	2.3%	3.7%	1.7%	5.0%	-3.6%	-0.2%	2.2%
Interest coverage	12.18	0.41	-2.09	-	0.29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days	-	19 days	30 days	65 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days	-	12 days	6 days	17 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€23,477	€53,424	€906,609	€85,000	-
Depreciation and write-downs of the year	€23,663	€18,233	€66,609	-	€1,586

Multi-Sun

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency20.7%

Current ratio3.48

Return on assets25.3%

Filed annual accounts

Filings

Key figures and ratios

Overdue debts

Investments

Insights on Multi-Sun

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