Multibat
Open bankruptcyFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 185 days after the deadline Filed on 4 August 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00366395.
Annual accounts 2024 filed on 04-08-2025 PDF all 12 filings
Turnover
≈ €870,000
Estimated: probably between €600,000 and €1.4m
Total assets
€4.5m▼ 31.3%
2023 · €6.6m
Net result
€23,222
2023 · -€10,143
Working capital
€48,563▲ 146%
2023 · €19,711
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€15,460
2024
20192024
Net result
€23,222
2024
middle half of the sector
20192024
Equity
€125,279
▲ 22.8%
2024
middle half of the sector
20192024
Total assets
€4.5m
▼ 31.3%
2024
highest quarter of the sector
20192024
Debt
€4.4m
▼ 32.1%
2024
20192024
Working capital
€48,563
▲ 146%
2024
middle half of the sector
20192024
Solvency
2.8%
▲ 1.2pp
2024
lowest quarter of the sector
20192024
Current ratio
1.01
▲ 0.01
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
0.5%
▲ 0.7pp
2024
middle half of the sector
20192024
Staff (FTE)
2.9
▼ 17.1%
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.03m-€0.006m▼ 78.7%€0.06m▲ 889%-€0.1m-€0.004m▲ 97.1%€0.02m
Net result€0.003m-€0.001mbelow the sector's middle half▼ 54.1%€0.01mwithin the sector's middle half▲ 787%-€0.2mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 93.6%€0.02mwithin the sector's middle half
Equity€0.3m-€0.3mwithin the sector's middle half▲ 0.6%€0.3mwithin the sector's middle half▲ 5.0%€0.1mwithin the sector's middle half▼ 58.5%€0.1mwithin the sector's middle half▼ 9.0%€0.1mwithin the sector's middle half▲ 22.8%
Total assets€2.6m-€3.0mabove the sector's middle half▲ 15.1%€2.7mabove the sector's middle half▼ 9.8%€3.5mabove the sector's middle half▲ 28.1%€6.6mabove the sector's middle half▲ 87.5%€4.5mabove the sector's middle half▼ 31.3%
Debt€2.4m-€2.8m▲ 15.7%€2.5m▼ 10.4%€3.4m▲ 37.5%€6.5m▲ 90.7%€4.4m▼ 32.1%
Working capital€0.8m-€1.0mabove the sector's middle half▲ 20.9%€0.6mabove the sector's middle half▼ 37.1%€0.3mwithin the sector's middle half▼ 56.1%€0.02mbelow the sector's middle half▼ 92.9%€0.05mwithin the sector's middle half▲ 146%
Solvency9.7%-8.5%below the sector's middle half▼ 1.2pp9.8%below the sector's middle half▲ 1.4pp3.2%below the sector's middle half▼ 6.7pp1.5%below the sector's middle half▼ 1.6pp2.8%below the sector's middle half▲ 1.2pp
Current ratio1.51-1.52within the sector's middle half▲ 0.011.31within the sector's middle half▼ 0.211.09within the sector's middle half▼ 0.221.00below the sector's middle half▼ 0.091.01below the sector's middle half▲ 0.01
Return on assets (ROA)0.1%-0.0%below the sector's middle half▼ 0.1pp0.5%within the sector's middle half▲ 0.4pp-4.5%below the sector's middle half▼ 5.0pp-0.2%below the sector's middle half▲ 4.3pp0.5%within the sector's middle half▲ 0.7pp
Staff (FTE)2-2.1below the sector's middle half▲ 5.0%2.1below the sector's middle half=3.4within the sector's middle half▲ 61.9%3.5within the sector's middle half▲ 2.9%2.9within the sector's middle half▼ 17.1%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €15,460, after a loss of €4,009 in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.5m
Fixed assets
€146,259 ▲ 20.7%
Current assets
€4.4m ▼ 32.3%
Equity and liabilities €4.5m
Equity
€125,279 ▲ 22.8%
Debt
€4.4m ▼ 32.1%
Debt's share of the balance-sheet total falls from 98.5% to 97.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,435▲
2023 · €35,886
Cash flow
€50,197▲
2023 · €29,753
Quick ratio
0.41▼
2023 · 0.50
Debt to equity
35.17▼
2023 · 63.63
ROE
18.5%▲
2023 · -9.9%
Interest coverage
10.66▲
2023 · 2.61
Debt ≤ 1 year
€4.3m▼
2023 · €6.5m
Debt > 1 year
€66,763▲
2023 · €37,378
Income taxes
€831▼
2023 · €1,164
Staff costs
€190,568▲
2023 · €180,941
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 3 |
| full-time | 4 | 3 | 2 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 4.1 | 3.1 | 2.8 |
| Average over the year, in full-time equivalents | 3.4 | 3.5 | 2.9 |
| On a permanent contract | 4 | 4 | 3 |
| Joined | 6 | - | 0 |
| Left | 3 | - | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Debts secured on the company's own assets | €72,247 | €54,611 | €36,693 |
Source: notes to the 2022 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | €137,979 | €3,804 | €87,370 |
| Intangible fixed assets | €4,895 | - | - |
| Financial fixed assets | €640 | €1,500 | - |
| Depreciation and write-downs of the year | €61,753 | €39,896 | €26,975 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €1,305 awarded · €1,305 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €968 | €968 |
| 2022 | 1 | €337 | €337 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,731 | €40,803 | €72,682 | ▲ 78.1% |
| Remuneration, social security and pensions62 | - | - | - | €156,147 | €180,941 | €190,568 | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105,433 | €84,096 | €47,613 | €61,753 | €39,896 | €26,975 | ▼ 32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €40,511 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €9,173 | €6,445 | €7,388 | ▲ 14.6% |
| Non-recurring operating charges66A | - | - | - | - | €65,199 | €7,234 | ▼ 88.9% |
| Gross operating margin9900 | €245,413 | €222,988 | €215,312 | €87,296 | €328,982 | €247,625 | ▼ 24.7% |
| Operating profit (loss)9901 | €27,980 | €5,973 | €59,052 | -€139,778 | -€4,009 | €15,460 | - |
| Financial income75/76B | - | - | - | €6,102 | €8,775 | €12,687 | ▲ 44.6% |
| Recurring financial income75 | €2,865 | €7,627 | €3,366 | €6,102 | €8,775 | €12,687 | ▲ 44.6% |
| Financial charges65/66B | - | - | - | €23,749 | €13,744 | €4,094 | ▼ 70.2% |
| Recurring financial charges65 | €20,104 | €4,408 | €35,811 | €23,749 | €13,744 | €3,980 | ▼ 71.0% |
| Non-recurring financial charges66B | - | - | - | - | - | €114 | - |
| Profit (loss) for the period before taxes9903 | €10,741 | €9,191 | €26,607 | -€157,425 | -€8,978 | €24,053 | - |
| Income taxes67/77 | €7,604 | €7,751 | €13,836 | €705 | €1,164 | €831 | ▼ 28.6% |
| Profit (loss) for the period9904 | €3,137 | €1,441 | €12,771 | -€158,130 | -€10,143 | €23,222 | - |
| Profit (loss) for the period to be appropriated9905 | €3,137 | €1,441 | €12,771 | -€158,130 | -€10,143 | €23,222 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.6m | €3.0m | €2.7m | €3.5m | €6.6m | €4.5m | ▼ 31.3% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.07m | €0.2m | €0.1m | €0.1m | ▲ 20.7% |
| Intangible fixed assets21 | €0.1m | €0.07m | €0.04m | €0.02m | €0.005m | €0.009m | ▲ 71.0% |
| Tangible fixed assets22/27 | €0.05m | €0.05m | €0.03m | €0.1m | €0.1m | €0.1m | ▲ 18.7% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.006m | €0.02m | ▲ 195% |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.08m | €0.09m | ▲ 14.7% |
| Leasing and similar rights25 | - | - | - | €0.009m | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.03m | €0.03m | ▼ 7.4% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | = |
| Current assets29/58 | €2.5m | €2.9m | €2.7m | €3.4m | €6.5m | €4.4m | ▼ 32.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 27.9% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 27.9% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.3m | €1.1m | €3.2m | €2.6m | ▼ 19.8% |
| Stocks30/36 | - | - | - | €1.0m | €2.7m | €1.9m | ▼ 30.0% |
| Contracts in progress37 | - | - | - | €0.1m | €0.6m | €0.7m | ▲ 26.8% |
| Amounts receivable within one year40/41 | €1.7m | €2.2m | €1.8m | €1.7m | €2.5m | €1.4m | ▼ 44.1% |
| Trade receivables40 | - | - | - | €1.7m | €2.5m | €1.4m | ▼ 44.1% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.003m | €0.003m | ▼ 19.5% |
| Cash at bank and in hand54/58 | €0.5m | €0.4m | €0.4m | €0.3m | €0.5m | €0.3m | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.008m | €0.007m | ▼ 18.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.6m | €3.0m | €2.7m | €3.5m | €6.6m | €4.5m | ▼ 31.3% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 22.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.01m | €0.01m | €0.03m | ▲ 153% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.002m | - | €0.02m | - |
| Profit (loss) carried forward14 | - | - | - | - | -€0.008m | €0 | - |
| Provisions and deferred taxes16 | - | €0.02m | - | - | - | - | - |
| Amounts payable17/49 | €2.4m | €2.8m | €2.5m | €3.4m | €6.5m | €4.4m | ▼ 32.1% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.4m | €0.3m | €0.04m | €0.07m | ▲ 78.6% |
| Financial debts170/4 | - | - | - | €0.06m | €0.04m | €0.02m | ▼ 49.6% |
| Other amounts payable178/9 | - | - | - | €0.3m | €0.001m | €0.05m | ▲ 71× |
| Amounts payable within one year42/48 | €1.6m | €1.9m | €2.0m | €3.1m | €6.5m | €4.3m | ▼ 32.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.02m | ▼ 15.8% |
| Financial debts43 | - | - | - | - | - | €0.002m | - |
| Credit institutions430/8 | - | - | - | - | - | €0.002m | - |
| Trade debts44 | €1.0m | €1.0m | €0.9m | €1.5m | €1.9m | €0.9m | ▼ 49.7% |
| Suppliers440/4 | - | - | - | €1.5m | €1.9m | €0.9m | ▼ 49.7% |
| Advances received on contracts in progress46 | - | - | - | €1.5m | €4.4m | €3.3m | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | ▲ 9.6% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.1m | ▲ 3.1% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.02m | ▲ 69.2% |
| Other amounts payable47/48 | - | - | - | - | €0.002m | €0.001m | ▼ 31.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.003m | ▲ 86.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,137 | €1,441 | €12,771 | -€158,130 | -€10,143 | €23,222 | - |
| + Depreciation and write-downs630 | €105,433 | €84,096 | €47,613 | €61,753 | €39,896 | €26,975 | ▼ 32.4% |
| Operating cash flow (approximation) | €108,570 | €85,537 | €60,384 | -€96,377 | €29,753 | €50,197 | ▲ 68.7% |
| Investment in fixed assets (approximation) | - | -€9,909 | -€4,055 | -€143,514 | -€4,664 | -€52,022 | ▼ 1,015% |
| Change in cash | - | -€103,905 | €74,895 | -€129,736 | €244,147 | -€289,076 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | abbreviated format | 04-08-2025 | 2025-00366395 | |
| 30-06-2023 | abbreviated format | 14-06-2024 | 2024-00139926 | |
| 30-06-2022 | abbreviated format | 08-02-2023 | 2023-00027007 | |
| 30-06-2021 | abbreviated format | 07-02-2022 | 2022-05200295 | |
| 30-06-2020 | abbreviated format | 16-02-2021 | 2021-05500472 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03800591 | |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-03700410 | |
| 30-06-2017 | abbreviated format | 25-01-2018 | 2018-02300494 | |
| 30-06-2016 | abbreviated format | 06-01-2017 | 2017-00500126 | |
| 30-06-2015 | abbreviated format | 25-01-2016 | 2016-02600145 |