MULTILAND
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed late (10 days) Filed on 28 July 2026, deadline 18 July 2026 (7 months after the close on 18 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00349430.
Equity
-€371,871▲ 0.1%
2025 · -€372,331
Total assets
€49,174▼ 54.5%
2025 · €108,147
Net result
€459
2025 · -€16,204
Working capital
-€382,062▲ 5.8%
2025 · -€405,452
Trend over the years
2022 to 2025, 5 financial years 2019 to 2025, 8 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.001m
2025
Net result€459
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.05m
2025
Equity-€0.4m
2025
Debt€0.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252025
Operating result€0.05m-€0.09m▲ 56.0%€0.007m▼ 92.3%€0.09m▲ 1,232%-€0.6m-€0.08m▲ 85.6%-€0.03m▲ 63.2%€0.001m-
Net result€0.02m-€0.07m▲ 227%€0.001m▼ 98.8%€0.06m▲ 7,187%-€0.6m-€0.1m▲ 81.1%-€0.02m▲ 84.8%€459-
Equity€0.2m-€0.3m▲ 34.1%€0.3m▲ 0.3%€0.3m▲ 21.7%-€0.2m-€0.4m▼ 42.8%-€0.4m▼ 4.6%-€0.4m-
Total assets€1.3m-€1.4m▲ 5.2%€1.2m▼ 15.7%€1.2m▼ 1.7%€0.4m▼ 65.7%€0.3m▼ 28.8%€0.1m▼ 61.5%€0.05m-
Debt€1.1m-€1.1m▲ 0.3%€0.9m▼ 19.3%€0.8m▼ 8.3%€0.6m▼ 23.0%€0.6m▼ 1.1%€0.5m▼ 24.6%€0.4m-
Working capital€0.2m-€0.2m▲ 38.4%€0.2m▲ 0.8%€0.3m▲ 18.0%-€0.4m-€0.4m▼ 24.9%-€0.4m▲ 7.6%-€0.4m-
Staff (FTE)5.1-4.9▼ 3.9%4.6▼ 6.1%3.9▼ 15.2%3.4▼ 12.8%0.3▼ 91.2%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2024 Net result +81% on 2023. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €49,174
Fixed assets
€10,190 ▼ 69.2%
Current assets
€38,983 ▼ 48.0%
Equity and liabilities
Equity-€371,871
Debt€421,045
Equity is negative: debt (€421,045) exceeds the balance-sheet total (€49,174).
Key figures and ratios
EBITDA
€1,789▲
2025 · -€18,814
Cash flow
€1,639▲
2025 · -€5,305
Solvency
-756.2%▼
2025 · -344.3%
Current ratio
0.09▼
2025 · 0.16
ROA
0.9%▲
2025 · -15.0%
Interest coverage
11.93▲
2025 · -17.03
Debt ≤ 1 year
€421,045▼
2025 · €480,478
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18,361 | - | - | - | - | €5,672 | - |
| Remuneration, social security and pensions62 | - | - | €151,742 | €137,945 | €105,678 | €24,081 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,361 | €20,281 | €6,102 | €8,491 | €15,195 | €26,654 | €10,899 | €1,180 | - |
| Other operating charges640/8 | - | - | €1,505 | €121 | €2,385 | €1,022 | €1,250 | €450 | - |
| Non-recurring operating charges66A | - | - | €985 | - | - | €8,355 | €5,966 | - | - |
| Gross operating margin9900 | €273,047 | €272,249 | €166,894 | €233,942 | -€437,381 | -€20,713 | -€11,597 | €2,239 | - |
| Operating profit (loss)9901 | €54,555 | €85,106 | €6,560 | €87,385 | -€560,638 | -€80,824 | -€29,713 | €609 | - |
| Financial income75/76B | - | - | €2,926 | €818 | €188 | €25,922 | €15,483 | - | - |
| Recurring financial income75 | €2,571 | €11,147 | €2,926 | €627 | €188 | €2,941 | €12,483 | - | - |
| Non-recurring financial income76B | - | - | - | €190 | - | €22,981 | €3,000 | - | - |
| Financial charges65/66B | - | - | €8,298 | €11,557 | €3,310 | €51,803 | €1,974 | €150 | - |
| Recurring financial charges65 | €31,173 | €13,731 | €8,298 | €10,021 | €3,310 | €13,574 | €1,105 | €150 | - |
| Non-recurring financial charges66B | - | - | - | €1,536 | - | €38,229 | €869 | - | - |
| Profit (loss) for the period before taxes9903 | €25,953 | €82,521 | €1,188 | €76,646 | -€563,761 | -€106,705 | -€16,204 | €459 | - |
| Income taxes67/77 | €5,909 | €17,038 | €417 | €20,441 | €390 | - | - | - | - |
| Profit (loss) for the period9904 | €20,045 | €65,484 | €771 | €56,205 | -€564,150 | -€106,705 | -€16,204 | €459 | - |
| Profit (loss) for the period to be appropriated9905 | €20,045 | €65,484 | €771 | €56,205 | -€564,150 | -€106,705 | -€16,204 | €459 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.4m | €1.2m | €1.2m | €0.4m | €0.3m | €0.1m | €0.05m | - |
| Fixed assets21/28 | €0.05m | €0.03m | €0.03m | €0.05m | €0.1m | €0.08m | €0.03m | €0.01m | - |
| Intangible fixed assets21 | - | - | €0.005m | €0.003m | €0.001m | - | - | - | - |
| Tangible fixed assets22/27 | €0.04m | €0.02m | €0.02m | €0.03m | €0.09m | €0.06m | €0.02m | €0.003m | - |
| Plant, machinery and equipment23 | - | - | €0.02m | €0.01m | €0.007m | - | - | - | - |
| Furniture and vehicles24 | - | - | €0.001m | €0.02m | €0.08m | €0.06m | €0.02m | €0.003m | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.009m | €0.03m | €0.02m | €0.007m | - |
| Current assets29/58 | €1.3m | €1.4m | €1.1m | €1.1m | €0.3m | €0.2m | €0.08m | €0.04m | - |
| Stocks and contracts in progress3 | €1.1m | €1.0m | €0.9m | €0.5m | - | - | - | - | - |
| Stocks30/36 | - | - | €0.9m | €0.5m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.05m | €0.04m | €0.07m | €0.06m | €0.07m | €0.04m | €0.04m | - |
| Trade receivables40 | - | - | €0.02m | €0.05m | - | €0.004m | €0.01m | €0.001m | - |
| Other amounts receivable41 | - | - | €0.02m | €0.02m | €0.06m | €0.06m | €0.02m | €0.04m | - |
| Current investments50/53 | €0.1m | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €0.3m | €0.2m | €0.5m | €0.2m | €0.1m | €0.04m | €0.003m | - |
| Deferred charges and accrued income490/1 | - | - | €0.003m | €0.005m | - | - | €0.001m | €153 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.2m | €1.2m | €0.4m | €0.3m | €0.1m | €0.05m | - |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | -€0.2m | -€0.4m | -€0.4m | -€0.4m | - |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | - |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.3m | €0.002m | €0.002m | €0.002m | €0.002m | - |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - |
| Distributable reserves133 | - | - | €0.2m | €0.3m | - | - | - | - | - |
| Profit (loss) carried forward14 | - | - | - | - | -€0.3m | -€0.4m | -€0.4m | -€0.4m | - |
| Amounts payable17/49 | €1.1m | €1.1m | €0.9m | €0.8m | €0.6m | €0.6m | €0.5m | €0.4m | - |
| Amounts payable after more than one year17 | €0.01m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €0.9m | €0.8m | €0.6m | €0.6m | €0.5m | €0.4m | - |
| Financial debts43 | - | - | €0.01m | - | - | - | - | - | - |
| Credit institutions430/8 | - | - | €0.01m | - | - | - | - | - | - |
| Trade debts44 | €1.0m | €1.1m | €0.9m | €0.7m | - | €435 | €236 | €0.003m | - |
| Suppliers440/4 | - | - | €0.9m | €0.7m | - | €435 | €236 | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.1m | €0.01m | - | - | €23 | - |
| Taxes450/3 | - | - | €0.004m | €0.08m | €0.01m | - | - | €23 | - |
| Remuneration and social security454/9 | - | - | €0.02m | €0.02m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €0.001m | €0.001m | €0.6m | €0.6m | €0.5m | €0.4m | - |
| Accrued charges and deferred income492/3 | - | - | €0.003m | - | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,045 | €65,484 | €771 | €56,205 | -€564,150 | -€106,705 | -€16,204 | €459 | - |
| + Depreciation and write-downs630 | €20,361 | €20,281 | €6,102 | €8,491 | €15,195 | €26,654 | €10,899 | €1,180 | - |
| Operating cash flow (approximation) | €40,405 | €85,765 | €6,873 | €64,695 | -€548,955 | -€80,052 | -€5,305 | €1,639 | - |
| Investment in fixed assets (approximation) | - | -€656 | -€6,074 | -€21,285 | -€69,944 | -€7,569 | €38,809 | - | - |
| Change in cash | - | - | -€118,786 | €311,892 | -€248,435 | -€101,930 | -€92,964 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 18-12-2025 | micro format | 28-07-2026 | 2026-00349430 |
| 30-09-2025 | micro format | 30-03-2026 | 2026-00069069 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00086137 |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00080930 |
| 30-09-2022 | abbreviated format | 27-04-2023 | 2023-00072543 |
| 30-09-2021 | abbreviated format | 16-05-2022 | 2022-20029149 |
| 30-09-2020 | abbreviated format | 28-05-2021 | 2021-15900139 |
| 30-09-2019 | abbreviated format | 28-05-2020 | 2020-13700336 |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-12000562 |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-11100008 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.