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MULTI - VALUE

Active Private limited companyfounded 1997active for 29 yearsMolenbergstraat 10, 2000 AntwerpKBO/BCE: BE 0460.867.388 subsidiary of MULTI-VALUE HOLDING
MULTI - VALUE
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Overview

Lifetime

20 annual accounts with figures on one time axis, 28 filings since 1998
peak €1.2m (2025)
€1.2m▲ 26.5%
lowest -€146,930 (2020)
€158,443▲ 32×
peak €1.3m (2018)
€325,712▲ 94.7%
€1.1m▲ 48.1%
peak 8.8 FTE (2025)
8.8 FTE▲ 25.7%
Board4 names since 1997
2 directorsGriet Matton and 1 other
Owners
100%MULTI-VALUE HOLDING
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Gross margin from €926,604 to €1.2mResult from €4,955 to €158,443Staff from 7 FTE to 8.8 FTEEquity from €167,270 to €325,712Debts from €746,548 to €1.1mInvestments €186,681

Key points

from the 2025 annual accounts

Equity

€325,712 from €1.3m in 2018

Equity fell by 74% in 7 years.

Result

€158,443 ▲ 32×
€4,9602024€158,0002025

The result rose in 2025 from €4,955 to €158,443.

Debts

€1.1m 77% of the balance sheet
Financial debts 5%Suppliers 47%Taxes and wages 9%Other 40%

Of this, €887,134 falls due within a year.

Investments

€249,024 31.6 × depreciation
2022202320242025

Green is investment, beige is depreciation. Machinery stands 77.1% higher than in 2024.

Staff

9 employees on 31-12-2025
102021422023402024552025

In 2025, 5 people joined and 5 left.

Checked score

68
Healthy
Financially stronger than 48% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4%lowest value 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.4%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.5 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 2.0%▲ +0.9 percentage points vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.1%▲ +0.1 percentage points vs 03-2026 05-2026: 2.2%▲ +0.1 percentage points vs 04-2026highest value 06-2026: 2.1%▼ -0.1 percentage points vs 05-2026 07-2026: 2.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▼ -1.4 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026 11-2026: 0.8%● unchanged vs 10-2026

Financial strength
Average

48+5equity 22.8% of total assets
27+16short-term debt 62.0% · cash 7.4%
83+14return on assets 11.1%

Score breakdown

raises risk
1 change of registered office in 24 months
Equity €325,712 (22.8% of total assets)
Size: 8.8 FTE, total assets €1.4m
lowers risk
Profit of €158,443 (financial year 2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 28% of them on solvency, 14% on liquidity, 58% on profitability and 90% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,818 companies had the same profile as MULTI - VALUE has now. Each dot stands for 10 companies, two years later.

95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MULTI - VALUE itself: 0.8% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 3,818 companies, not a prediction for MULTI - VALUE. 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 of up to €22,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.3 (1.24 in 2024), below the usual 1.5. Short-term debt is 62% and cash 7.4% of total assets. 77.2% of the assets are financed with debt and provisions.

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

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Equity €325,712 (22.8% of total assets)
NBB · annual accounts
lowers risk · Profit of €158,443 (financial year 2025)
NBB · annual accounts
raises risk · Size: 8.8 FTE, total assets €1.4m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
3 days early
2023
1 day early
2022
4 days early
2021
86 days early
2020
2 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GM
Griet Matton
Director, since 04-07-2022
SV
Stefaan Vandroogenbroeck
Director, since 04-07-2022

Shares in 1 company, Multi-Value BV

Board & ownership

Recent changes

Registered office moved within Antwerp New registered office: Molenbergstraat 10, bus 25, 2000 Antwerpen · Previous registered office: Eiermarkt 13 -17, 2000 Antwerpen, België · Board meeting of 12-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0460867388
Purpose change · Amendment of the articles “Bureau voor markt- en opinieonderzoek; Adviesbureau op het gebied van bedrijfsbeheer en bedrijfsvoering; Het…” (deed in Dutch) · General meeting of 17-04-2023 · Gazette deed
2 directors appointed, 1 resignation Resignation: Kahmann Wilhelmus · Appointments: Stefaan Vandroogenbroeck and Griet Matton · General meeting of 04-07-2022 · Gazette deed
All 45 events

Comparable companies

same main activity, similar in size and age
Company
MULTI - VALUE Antwerp €1.4m €1.2m 22.8% 8.8
TALOGY (BELGIUM) Brussels €1.2m €0.9m -44.8% 7.3
FREECASTER Namur €1.9m €0.9m 83.5% 8.2
EXPEDIA Brussels €2.2m €1.6m 72.5% 9.5
MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP ARTABEL Leuven €1.7m €1.0m 79.4% 8.1
Kynetec Belgium Kontich €1.4m €1.1m 59.4% 9.1
STRATE ET GO Wavre €1.9m €1.7m 71.8% 14.3

These companies have the same main activity as MULTI - VALUE: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €1.2m and €2.2m, founded between 1991 and 2002.

Official details

Source: KBO
Status
Active since 16-06-1997Normal situation
Registered office
60 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Market research and public opinion pollingNACE 73200and 3 others
Establishment unit
2.103.086.6922000 Antwerp, since 18-06-1997
Financial year end
31 December
Peppol
Reachable since 02-12-2025
Company details

Annual accounts 2025

€1.2m▲ 26.5%
≈ €2.0mestimated
€158,443▲ 32×
€325,712▲ 94.7%
€1.4m▲ 56.6%
Employeeson 31-12-2025
9=
Filing
Filed on 24-07-2026, 7 days before the end of the filing period
Financials

Insights on MULTI - VALUE

MULTI - VALUE files the abbreviated format. That format states no turnover. The gross margin rose from €214,765 in 2006 to €1.2m in 2025.

MULTI-VALUE HOLDING holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 24-07-2026, 7 days before the deadline
€1.2m
▲ 26.5%
€170,849
▲ 2.9%
€178,736
▲ 3.5%
€166,329
▲ 14×
22.8%
▲ 4.5 percentage points
1.30
▲ 0.07

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.0m. Estimated: probably between €1.4m and €3.3m.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €1.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

22.8%

Higher than 31% of 2,094 companies in 2025.

1.30

Higher than 43% of 2,010 companies in 2025.

11.1%

Higher than 70% of 2,053 companies in 2025.

MULTI - VALUE Middle half of the sector 80% of the sector Abbreviated accounts in advertising and market research (NACE 73)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter

Staff

€107,123

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 5 people joined and 5 left. Training hours in 2025: 360.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.4m913,818554,971623,9561.6m1.1m1.4m1.7m1.4m1.2m1.0m853,6111.1m952,074895,405575,808523,813478,188338,512325,354
20 -----0000000000000--
21/28 275,57196,776110,358208,4601.0m727,934858,710883,851766,387633,182519,372403,083350,946288,004295,73660,71341,80142,15749,96462,855
21 197,5178,48013,241--01,5253,0511734,43314,04012,3161,1676101,4748432,9065,1171,751865
22/27 7,1294,0292,8881,10901,0914,8871,0844,4078,74217,22712,41910,90516,40814,14112,24215,94512,87527,04640,941
22 -----0000000000000--
23 3,0501,722---00000000000059138289
24 4,0782,3062,8881,10901,0914,8871,0844,4078,74215,0528,0714,3827,7119,2594,9195,73412,68023,27532,627
26 -----000002,1744,3486,5228,697004461363,6337,452
27 -----0000000000000--
28 70,92584,26894,229207,3521.0m726,843852,298879,716761,807620,007488,106378,347338,875270,987280,12047,62822,95124,16521,16721,049
29/58 1.2m817,042444,613415,495583,420347,305541,971818,640627,767553,523516,381450,529755,758664,070599,669515,095482,012436,031288,549262,499
29 ------------000000--
290 -----0000000000000--
291 -----0000000000000--
3 -----0000000000000--
30/36 -----0000000000000--
37 -----0000000000000--
40/41 1.0m814,091442,231374,734138,60351,396189,134407,382475,056492,216436,162410,922739,467646,584560,527501,707327,326433,460280,534260,641
40 1.0m732,524381,330356,278138,60329,025139,450407,382383,240337,287336,050369,605418,681417,864399,636366,127316,929335,048204,682260,641
41 4,32881,56760,90018,456022,37249,684091,816154,930100,11241,317320,786228,719160,891135,58010,39698,41275,852-
50/53 -----0000000000000--
54/58 106,386190738,314442,790283,092351,263408,655149,85650,68867,83137,66814,37315,04435,75611,608152,2871,6526,7561,472
490/1 5,7952,7612,3752,4472,02712,8161,5742,6032,85510,61912,3891,9391,9182,4423,3861,7792,3999191,259386
Balance sheet: equity and liabilities
10/49 1.4m913,818554,971623,9561.6m1.1m1.4m1.7m1.4m1.2m1.0m853,6111.1m952,074895,405575,808523,813478,188338,512325,354
10/15 325,712167,270362,314380,9061.0m814,4041.1m1.3m952,502721,153577,900404,857323,072298,125399,221150,96889,40594,00376,18551,607
10/11 20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
100 ------20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
101 ------000000000000--
11 ------000000000000--
1100/10 ------000000000000--
12 --0113,181916,777632,641756,202783,628665,726523,934392,016282,275242,838223,336232,101000--
13 305,712147,270342,314247,725111,101161,763308,692450,439266,776177,219165,884102,58260,23554,789147,119130,96874,00374,00356,18531,607
130/1 ---02,0002,000------000000--
130 ------2,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,000
1311 ---02,0002,000--------------
1312 ------000000000000--
1313 -----0--------------
1319 -----0000000000000--
132 -----0000000000000--
133 305,712147,270342,314247,725109,101159,763306,692448,439264,776175,219163,884100,58258,23552,789145,119128,96872,00372,00354,18529,607
14 0000000000000000-4,5990--
15 -----0000000000000--
19 ------------000000--
16 ------------00000017,50017,500
160/5 -----000000000000017,50017,500
160 -----00000----------
161 -----00000----------
162 -----00000----------
163 -----00000----------
164/5 -----00000----------
168 -----0000000000000--
17/49 1.1m746,548192,656243,050546,527260,835315,786448,424441,652465,552457,854448,754783,632653,949496,184424,840434,408384,184244,828256,246
17 --------5,00010,00015,0005,00012,50010,00007706,9615,2061,2392,171
170/4 --------5,00010,00015,0005,00012,50010,00007706,9615,2061,2392,171
175 -----0000000000000--
176 -----0000000000000--
178/9 -----0000000000000--
42/48 887,134660,398183,680194,871521,193232,343254,429439,127434,449453,301434,800440,750767,553609,984482,207419,907400,875343,811210,654254,075
42 -----0020,00015,00010,00015,00035,03117,5005,00077044,5637,3597,3115,02128,023
43 50,00094,21077,147---------000000-20,113
430/8 50,00094,21077,147--0000000000000-20,113
439 -----0000000000000--
44 514,329105,47452,75852,59410,4396,29021,82425,49636,68141,77636,04633,155349,449331,947378,672335,708343,504310,479166,675142,769
440/4 514,329105,47452,75852,59410,4396,29021,82425,49636,68141,77636,04633,155349,449331,947378,672335,708343,504310,479166,675142,769
441 -----0000000000000--
46 2,500102,500---0000000000000--
45 98,390158,21453,77551,13530,11338,685180,66663,42536,35031,18764,26756,27532,81031,12335,51521,34724,67326,02033,83132,374
450/3 18,77944,80217,99027,22413,0882,21029,27037,72611,477025,02228,3439,8278,52220,8145,8841,7857,12818,16519,801
454/9 79,610113,41235,78523,91217,02536,475151,39625,69924,87331,18739,24527,93222,98322,60114,70115,46322,88718,89215,66712,572
47/48 221,916200,000091,142480,641187,36851,940330,206346,418370,338319,487316,290367,793241,91467,25118,28825,33905,12730,796
492/3 218,31786,1518,97648,17925,33428,49361,3579,2972,2032,2518,0543,0043,57933,96513,9774,16326,57235,16832,934-
Income statement
70 --------0000000000--
76A 12,433--01,000010000000003701,8363,809
9900 1.2m926,604393,915210,955174,429-72,656190,680453,138359,993238,812375,651295,021233,814140,221217,095303,005252,361213,386231,286214,765
60/61 --------0000000000--
62 942,683752,835291,666179,694130,92264,053143,368183,181203,406185,476233,485225,126205,464207,024163,675187,032233,687170,064157,156130,735
630 7,8866,7482,3182211,0915,3215,5146,1369,17218,00918,70313,9958,6788,8798,64011,78614,35028,27625,74628,794
631/4 -----000000000000-1,7251,725-
635/8 -----000000000000-17,500--
640/8 1,4321,0211,3671,1701,2421,7022,0942,2492,2703,1092,8702,9153,8065,6807,5733,9974,6254,6593,1793,213
649 -----0000000000000--
66A 49,000----0176,078001,8006,986004,8953,4220006161,908
9901 170,849166,00198,56429,87041,174-143,731-136,373261,573145,14430,418120,59352,98515,866-81,36237,207100,191-30129,61343,48052,024
75/76B 10,1921,84084737,02316798471,9492,0091,1444757,1855,4894,9892,8402,7884,8211,371141
75 1921,84084737,02316798471,9492,0091,1444757,1855,4894,9892,8402,7884,8211,371141
76B 10,000----00000----------
65/66B 14,600162,3443,8768,3896,2702,9865,0899,4859,2679,9559,7179,22515,33011,1396,6844,4574,2663,4734,6546,174
65 14,60012,0013,8768,3896,2702,9865,0899,4859,2679,9559,7179,22515,33011,1396,6844,4574,2663,4734,6546,174
66B 0150,343---00000----------
9903 166,4415,49794,772758,50534,920-146,710-141,454252,934137,82622,472105,03444,2357,721-91,90632,09098,575-1,74330,96141,41747,892
67/77 7,99854118317913022029369,27148,26911,13841,7321,8872,27542515,93837,0112,85513,14216,83919,468
9904 158,4434,95594,589758,32634,790-146,930-141,747183,66389,55711,33563,30242,3485,446-92,33116,15161,563-4,59917,81924,57728,424
789 -----0000000000000--
689 -----0000000000000--
9905 158,4434,95594,589758,32634,790-146,930-141,747183,66389,55711,33563,30242,3485,446-92,33116,15161,563-4,59917,81924,57728,424
Appropriation of the result
9906 158,4434,95594,589758,32634,790-146,930-141,747183,66389,55711,33563,30242,3485,446-92,33116,15156,965-4,59917,81924,57728,424
791/2 0200,000-085,451146,930141,74700000092,3310000--
691/2 158,4434,95594,589136,62434,790--183,66389,55711,33563,30242,3485,446016,15156,965017,81924,57728,424
691 -----0000000000000--
6920 -----0000000000000-127
6921 158,4434,95594,589136,62434,79000183,66389,55711,33563,30242,3485,446016,15156,965017,81924,57728,297
694/7 0200,0000621,70185,451-------000000--
694 0200,0000621,70185,4510000000000000--
695 -----0000000000000--
696 -----00000----------
Social balance sheet
9087 8.874.62.41.722.42.43.23.43.43.52.92.933.55.13.53.73.2
Hours worked1013 14,50711,2377,2063,3551,9582,4553,4342,9354,2614,0515,6236,0705,1245,3325,2086,3738,3056,1486,6075,513
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 22 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 24-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-07-2026 2026-00339166 PDF
31-12-2024 abbreviated format 28-07-2025 2025-00321973 PDF
31-12-2023 abbreviated format 30-07-2024 2024-00310866 PDF
31-12-2022 abbreviated format 27-07-2023 2023-00283228 PDF
31-12-2021 abbreviated format 06-05-2022 2022-20021030 PDF
31-12-2020 abbreviated format 29-07-2021 2021-41500580 PDF
31-12-2019 abbreviated format 30-07-2020 2020-36000146 PDF
31-12-2018 abbreviated format 29-07-2019 2019-38800393 PDF
31-12-2017 abbreviated format 26-07-2018 2018-37600384 PDF
31-12-2016 abbreviated format 26-07-2017 2017-35200514 PDF
31-12-2015 abbreviated format 28-07-2016 2016-36000073 PDF
31-12-2014 abbreviated format 30-07-2015 2015-36200187 PDF
31-12-2013 abbreviated format 30-07-2014 2014-36000301 PDF
31-12-2012 abbreviated format 31-07-2013 2013-39100285 PDF
31-12-2011 abbreviated format 28-06-2012 2012-23500140 PDF
31-12-2010 abbreviated format 29-07-2011 2011-35900209 PDF
31-12-2009 abbreviated format 30-06-2010 2010-25300121 PDF
31-12-2008 abbreviated format 27-07-2009 2009-48200347 PDF
31-12-2007 abbreviated format 30-06-2008 2008-32400360 PDF
31-12-2006 abbreviated format 26-06-2007 2007-29800064 PDF
31-12-2005 abbreviated format 23-06-2006 2006-30801674 PDF
30-09-2004 abbreviated format 07-04-2005 2005-11004568 PDF
30-09-2003 abbreviated format 31-03-2004 2004-09504863 PDF
30-09-2002 abbreviated format 31-03-2003 2003-09402709 PDF
30-09-2001 abbreviated format 28-03-2002 2002-08003880 PDF
30-09-2000 abbreviated format 03-04-2001 2001-08702706 PDF
30-09-1999 abbreviated format 04-04-2000 2000-08604171 PDF
30-09-1998 abbreviated format 08-04-1999 1999-07300267 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
178,736172,748100,88330,09142,265-138,410-130,860267,709154,31748,427139,29666,98024,544-72,48245,847111,97714,04857,88869,22680,818
166,32911,70396,907758,54735,880-141,609-136,233189,79998,72929,34482,00456,34314,124-83,45224,79273,3509,75146,09450,32457,218
250,7683,16617,4631,3356709,5405,6985858,72638,54326,69566,32415,35211,86234,38516,89420,46913,42827,430
106,196182-38,307-404,476159,698-68,170-57,392258,79999,169-17,14430,16323,294-671-20,71224,148-140,678150,634-5,1035,284-
268,458156,644260,933220,62462,227114,962287,542379,513193,318100,22281,5829,778-11,79554,086117,46295,18881,13792,22077,8948,424
22.8%18.3%65.3%61.0%65.7%75.7%77.5%73.7%68.3%60.8%55.8%47.4%29.2%31.3%44.6%26.2%17.1%19.7%22.5%15.9%
1.301.242.422.131.121.492.131.861.441.221.191.020.981.091.241.231.201.271.371.03
3.394.460.530.640.520.320.290.360.460.650.791.112.432.191.242.814.864.093.214.97
48.6%3.0%26.1%199.1%3.3%-18.0%-13.1%14.6%9.4%1.6%11.0%10.5%1.7%-31.0%4.0%40.8%-5.1%19.0%32.3%55.1%
11.1%0.5%17.0%121.5%2.2%-13.7%-10.1%10.8%6.4%1.0%6.1%5.0%0.5%-9.7%1.8%10.7%-0.9%3.7%7.3%8.7%
12.2414.3926.033.596.74---------------

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date99533
full-time76211
part-time23322
in full-time equivalents8.48.24.22.42.4
8.874.62.41.7
On a permanent contract99533
Joined544-1
Left502-0
Training hours36032816810068

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€6,864€3,127€3,056€1,330-
Intangible fixed assets€242,160-€14,283--
Financial fixed assets€1,744€39€125€6€6
€7,886€6,748€2,318€221€1,091

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

1 award · 2025
Enquêtes Diabolo Brussels Airport: WS2476472277 - 1
buyer: SNCBBusiness servicesawarded 10-12-2025€115,0403 tendersTED 76413-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MULTI - VALUE

The operating result for 2025 is 3% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 81.7% to 77.2%. Equity and debt are higher.

Board & ownership

Board

2 directors, last change in 2022
Griet Matton
Director
since 04-07-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 24-07-2026
Stefaan Vandroogenbroeck
Director
since 04-07-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 24-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 22-04-2022

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Griet Matton
Director
Stefaan Vandroogenbroeck
Director
KAHMANN Wilhelmus Bernardus Martinus Maria
Director
Verstreken Martine
Director
BoardEarlier
Mandates as a list
  • Griet Matton
    • Director, from 04-07-2022 to date
  • Stefaan Vandroogenbroeck
    • Director, from 04-07-2022 to date
  • KAHMANN Wilhelmus Bernardus Martinus Maria
    • Director, from 01-09-2001 to 04-07-2022
  • Verstreken Martine
    • Director, from 13-06-1997 to 01-03-2021

See the board, name and registered office on a given date →

Control

Parent
MULTI-VALUE HOLDING
Equity €200,285
Profit €194,881 in 2025 (loss €22,910 in 2024)
Source: accounts MULTI-VALUE HOLDING 2025
100%
This company
MULTI - VALUE
Equity €325,712
Profit €158,443 in 2025

Capital

Contribution
€20,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
MULTI-VALUE HOLDING
100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 22-04-2022 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyMULTI - VALUE1 holding, 1 country 2025 accounts

Europe 1 Equity Result

  • NL Multi-Value BV €83,237 result €9,996

Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2024, in their own currency.

Parent

MULTI-VALUE HOLDING
0787.682.857 · 100% of the shares · equity €200,285 · profit €194,881 (2025)

At the same address

Molenbergstraat 10, 2000 Antwerp · 59 other companies
ASE METALS
registered office since 01-01-1970 · founded in 1969 · group ASE GROUP
 turnover €180.6m (2025)
0406.940.338
AGSB Trading
registered office since 30-12-2015 · founded in 2015 · group ASE GROUP
 turnover €144.3m (2025)
0644.984.771
ADGAR INVESTMENT AND DEVELOPMENT BELGIUM
registered office since 07-11-1997 · founded in 1997
 total assets €129.7m (2025)
0461.110.779
Adgar Plantin
registered office since 20-07-2001 · founded in 1999 · group ADGAR INVESTMENT AND DEVELOPMENT BELGIUM
 turnover €4.4m (2025)
0466.862.681
ADGAR INVESTMENT AND DEVELOPMENT POLAND
registered office since 22-10-1999 · founded in 1999 · group ADGAR INVESTMENT AND DEVELOPMENT BELGIUM
 total assets €90.8m (2025)
0467.112.210
ASE GROUP
registered office since 22-07-2024 · founded in 2024
 total assets €30.6m (2025)
1011.792.251
Ase Europe
registered office since 01-12-1956 · founded in 1956
 8.6 FTE (2025)
0404.928.577
AdminPulse
registered office since 22-08-2001 · founded in 2001 · group VISMA AS
 28 FTE (2025)
0475.384.429
RDY Ventures
registered office since 08-02-2023 · founded in 2023
 total assets €8.0m (2025)
0798.203.595
YANG MING (BELGIUM)
registered office since 05-03-2007 · founded in 2006
 30 FTE (2025)
0885.991.367
and 49 more

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2006 to 2025
Holdings through the years
Name20062007200820092010201120122013201420152016201720182019202020212022202320242025
Multi-Value BVNL 80%100%
Multi-Value GMBHDE 100%

Source: list of holdings in its own accounts

Connections & network

2 current directors
Depth

The network starts from the directors of MULTI - VALUE. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

45 events since 1997

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 7 days before the deadline
Registered office moved within AntwerpNew registered office: Molenbergstraat 10, bus 25, 2000 Antwerpen · Previous registered office: Eiermarkt 13 -17, 2000 Antwerpen, België · Board meeting of 12-12-20252 points ▸
  • Board meeting, 12-12-2025
  • Registered-office move, Molenbergstraat 10, bus 25, 2000 Antwerpen

Open the deed in the Belgian Official Gazette

2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0460867388
Annual accounts 2024 filed PDFabbreviated format · 3 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 1 day before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 4 days before the deadline
Purpose change · Amendment of the articles“Bureau voor markt- en opinieonderzoek; Adviesbureau op het gebied van bedrijfsbeheer en bedrijfsvoering; Het…” (deed in Dutch) · General meeting of 17-04-20232 points ▸
  • General meeting, 17-04-2023
  • Purpose change, “Bureau voor markt- en opinieonderzoek; Adviesbureau op het gebied van bedrijfsbeheer en bedrijfsvoering; Het aanbieden en organiseren van onderwijs; Het…” (deed in Dutch)
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2022
Highest result from 2006 to 2025 net €758,326 ▲2,080% The net result of €758,326 is the highest of those years.
2 directors appointed, 1 resignationResignation: Kahmann Wilhelmus · Appointments: Stefaan Vandroogenbroeck and Griet Matton · General meeting of 04-07-20224 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 86 days before the deadline
Appointment: KAHMANN Wilhelmus Bernardus Martinus Maria (director)“Datavernietiging omvat onder meer het versnipperen ter plaatse van archieven,documenten en stukken,verwerking…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 19-04-20226 points ▸
  • General meeting, 19-04-2022
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • 750 shares
  • Power of attorney, Sebastiaan-Willem VERBERT
  • Director appointment, KAHMANN Wilhelmus Bernardus Martinus Maria
  • Registered office clause, Eiermarkt 13-17, 2000 Antwerpen
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2021
Back to profit net €34,790 The net result is €34,790, after 2 loss-making years.
Annual accounts 2020 filed PDFabbreviated format · 2 days before the deadline
Resignation: Verstreken Martine (director)General meeting of 09-02-20212 points ▸

Open the deed in the Belgian Official Gazette

2020
Weakest financial year net -€146,930 The net result drops to -€146,930, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFabbreviated format · 1 day before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 2 days before the deadline
2018
Equity above €1m equity €1.3m ▲31.7% After 6 profitable years in a row, equity reaches €1.3m.
Annual accounts 2017 filed PDFabbreviated format · 5 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 5 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 3 days before the deadline
2015
Equity above €500,000 equity €577,900 ▲42.7% After 3 profitable years in a row, equity reaches €577,900.
Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 1 day before the deadline
2013
Back to profit net €5,446 The net result is €5,446, after one loss-making year.
Annual accounts 2012 filed PDFabbreviated format · on the deadline day
2012
Annual accounts 2011 filed PDFabbreviated format · 33 days before the deadline
2011
Equity above €200,000 equity €399,221 ▲164% After 2 profitable years in a row, equity reaches €399,221.
Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline
2010
Back to profit net €61,563 The net result is €61,563, after one loss-making year.
Equity above €150,000 equity €150,968 ▲68.9% Equity rises from €89,405 to €150,968.
Annual accounts 2009 filed PDFabbreviated format · 31 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 4 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 31 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 35 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1997
First establishment Molenbergstraat 10, Antwerp
Incorporation published on 26-06-1997

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

On 16 June 1997, MULTI - VALUE was incorporated.1 In 2026 the registered office moved to Antwerp.2 Of the 2 current board members, 2 have served since 2022.3 Total assets went from €1.7m in 2018 to €1.4m in 2025 and headcount from 2.4 to 8.8 full-time equivalents.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-01-2026
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0460.867.388
VAT number
BE 0460.867.388
Peppol ID
0208:0460867388
Other Peppol ID
9925:BE0460867388
Legal form
Private limited company
Status
Active, normal situation
Founded
16-06-1997
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00
deed of 22-04-2022 (in Dutch)
Peppol
Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MULTI - VALUE in Dutch
Entity type
Legal entity
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 22-04-2022 (in Dutch)

Activities

NACEBEL 2025
VAT activities
73200 Market research and public opinion polling main activity
70200 Business and other management consultancy
85599 Other education
Social security (RSZ) activities
78100 Employment placement agencies main activity
Codes under NACEBEL 2008
VAT activities
73200 Advertising, market research and public relations activities main activity
70220 Business consulting
85599 Other education
Social security (RSZ) activities
78100 Employment placement agencies main activity
Codes under NACEBEL 2003
74503 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Datavernietiging omvat onder meer het versnipperen ter plaatse van archieven,documenten en stukken,verwerking en vernietiging van archieven…”
8 activities
  1. Datavernietiging omvat onder meer het versnipperen ter plaatse van archieven,documenten en stukken,verwerking en vernietiging van archieven en papier,recyclage van papier;dit alles in de meest ruime zin van het woord.
  2. Actief en passief archiefbeheer.
  3. Databeheer.Het elektronisch publiceren,het uitvoeren van diensten en het ontwikkelen van producten,ondermeer met betrekking tot communicatie en commerciële communicatie,via zowel traditionele als nieuwe media,online en offline,via gelijk welke bestaande of nieuw te ontwikkelen drager.
  4. Het verlenen van alle diensten die verband houden met het zogenaamde "INTERNET" ondermeer het uitvoeren van aansluitingen op dit net en het ontwerpen van zogenaamde sites.
  5. Het fabriceren,installeren en verdelen,aan- en verkoop van armaturen,meer bepaald lichtarmaturen voorzien van luchtverversing,evenals onderhoud ervan.
  6. Het organiseren van evenementen,beurzen,standenbouw,congressen,tentoonstellingen,enzovoort.
  7. De verhuring,aan- en verkoop van allerhande goederen en materiaal dienstig om gebruikt te worden op beurzen,exposities,tentoonstellingen,feesten en evenementen.
  8. Algemene bouwonderneming beperkt tot de coördinatie van werken uitgevoerd door onderaannemers.
deed of 22-04-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Molenbergstraat 10 registered office 2000 Antwerp 4100106 General construction of residential buildings 18-06-1997 2.103.086.692

Buildings and parcels at the address

Ground area
1,888 m²
Buildings
457 m²
Volume, LiDAR
23,820 m³
Tallest building
79.3 m
Buildings to scale, each on its own parcel
457 m², 79.3 m 457 m², 79.3 m

Location

registered office establishment The establishment unit on the map
60 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11802B1460/00E0001,888 m² 1 · 457 m² 79.3 m · 23

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