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Multimano

Active
Private limited companyfounded 2010active for 16 yearsVeltwijcklaan 89, 2180 Antwerpen, BelgiumKBO/BCE: BE 0822.291.566

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-06-2026 at the NBB all 16 filings

Turnover
€47,600▲ 74.9%
2022 · €27,220
EBIT margin
50.5%▲ 14.4pp
2022 · 36.1%
Net result
-€31,646
2024 · €32,933
Working capital
€177,397▼ 13.1%
2024 · €204,151
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €21,703, after a profit of €35,649 in 2024. It is the lowest result since 2021.

Turnover€47,600 2023 Operating result-€21,703 2025 Net result-€31,646 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€27,220€47,600▲ 74.9%
Operating result€6,732-€8,051▲ 19.6%€107,645▲ 13×€2,365▼ 97.8%€9,836▲ 316%€24,043▲ 144%€35,649▲ 48.3%-€21,703
Net result-€2,276--€2,063▲ 9.4%€72,717above the sector's middle half€3,560within the sector's middle half▼ 95.1%€9,456within the sector's middle half▲ 166%€23,227within the sector's middle half▲ 146%€32,933within the sector's middle half▲ 41.8%-€31,646below the sector's middle half
EBIT margin36.1%50.5%▲ 14.4pp
Equity-€4,741--€6,803▼ 43.5%€65,914within the sector's middle half€69,474within the sector's middle half▲ 5.4%€78,930within the sector's middle half▲ 13.6%€102,157within the sector's middle half▲ 29.4%€141,290within the sector's middle half▲ 38.3%€109,644within the sector's middle half▼ 22.4%
Total assets€427,159-€432,624▲ 1.3%€181,581within the sector's middle half▼ 58.0%€185,154within the sector's middle half▲ 2.0%€205,777within the sector's middle half▲ 11.1%€245,256within the sector's middle half▲ 19.2%€284,730within the sector's middle half▲ 16.1%€242,726within the sector's middle half▼ 14.8%
Debt€431,900-€439,427▲ 1.7%€85,816▼ 80.5%€85,829=€96,996▲ 13.0%€113,249▲ 16.8%€113,589▲ 0.3%€103,230▼ 9.1%
Working capital-€13,305--€14,234▼ 7.0%€104,149above the sector's middle half€112,444above the sector's middle half▲ 8.0%€126,979above the sector's middle half▲ 12.9%€156,746above the sector's middle half▲ 23.4%€204,151above the sector's middle half▲ 30.2%€177,397above the sector's middle half▼ 13.1%
Solvency-1.1%--1.6%▼ 0.5pp36.3%within the sector's middle half▲ 37.9pp37.5%within the sector's middle half▲ 1.2pp38.4%within the sector's middle half▲ 0.8pp41.7%within the sector's middle half▲ 3.3pp49.6%within the sector's middle half▲ 8.0pp45.2%within the sector's middle half▼ 4.5pp
Current ratio0.93-0.93=8.62above the sector's middle half▲ 7.699.22above the sector's middle half▲ 0.606.12above the sector's middle half▼ 3.104.81above the sector's middle half▼ 1.305.93above the sector's middle half▲ 1.116.71above the sector's middle half▲ 0.78
Return on assets (ROA)-0.5%--0.5%▲ 0.1pp40.0%above the sector's middle half▲ 40.5pp1.9%within the sector's middle half▼ 38.1pp4.6%within the sector's middle half▲ 2.7pp9.5%within the sector's middle half▲ 4.9pp11.6%within the sector's middle half▲ 2.1pp-13.0%below the sector's middle half▼ 24.6pp
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,726
Fixed assets €34,241 ▼ 12.5%
Current assets €208,484 ▼ 15.1%
Equity and liabilities €242,726
Equity €109,644 ▼ 22.4%
Provisions €29,851 =
Debt €103,230 ▼ 9.1%
Debt's share of the balance-sheet total rises from 39.9% to 42.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€16,811▼
2024 · €40,540
Cash flow
-€26,754▼
2024 · €37,825
Debt to equity
0.94▲
2024 · 0.80
ROE
-28.9%▼
2024 · 23.3%
Interest coverage
-49.61▼
2024 · over 100
Debt ≤ 1 year
€31,087▼
2024 · €41,446
Debt > 1 year
€72,143=
2024 · €72,143
Income taxes
€9,604▲
2024 · €2,311
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2024
Employees at the balance-sheet date0
full-time0
part-time0

Source: social balance sheet in the 2024 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€434----
Depreciation and write-downs of the year€5,169€5,036€6,583€4,892€4,892

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

Comparable companies

These companies have the same main activity as Multimano: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €251,000 and €300,000, founded between 2007 and 2011.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Multimano Antwerpen2010€242,726€109,644-€15,002-€31,6462025
NONOMAR Lier2010€297,014€240,376-€2,018-€11,8592025
THISISNOT Antwerpen2007€254,087€249,406-€3,183-€3,6272025
Solv-IT Antwerpen2011€292,287€186,344-€3,220-€32,1632025
EXTRA TOUCH Edegem2011€299,870€220,340-€9,338-€9,6492025
PATTAX Vorst2010€256,603-€782,474-€356,569-€544,6342025
MAPID Pelt2009€250,581-€46,470-€21,916-€46,2732025

They were chosen from the 7,100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 4,805 companies had the same profile as Multimano has now. Two years later, 2.0% had gone bankrupt and 88.1% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.1% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Multimano itself: 1.1% within 12 months.

Test of the method

The method was tested on the 497,446 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 4,805 companies, not a prediction for Multimano. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 at the NBB, filed on 28-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€284,730€242,726▼
Fixed assets21/28€39,133€34,241▼
Tangible fixed assets22/27€39,133€34,241▼
Land and buildings22€39,133€34,241▼
Current assets29/58€245,597€208,484▼
Amounts receivable within one year40/41€205,999€190,735▼
Trade receivables40€35,074€32,212▼
Other amounts receivable41€170,925€158,524▼
Cash at bank and in hand54/58€32,880€11,031▼
Deferred charges and accrued income490/1€6,718€6,718=
Equity and liabilities
Total equity and liabilities10/49€284,730€242,726▼
Equity10/15€141,290€109,644▼
Contributions10/11€18,600€18,600=
Reserves13€89,733€89,733=
Non-distributable reserves130/1€180€180=
Reserves not available under the articles1311€180€180=
Tax-exempt reserves132€89,553€89,553=
Profit (loss) carried forward14€32,957€1,312▼
Provisions and deferred taxes16€29,851€29,851=
Deferred taxes168€29,851€29,851=
Amounts payable17/49€113,589€103,230▼
Amounts payable after more than one year17€72,143€72,143=
Financial debts170/4€72,143€72,143=
Amounts payable within one year42/48€41,446€31,087▼
Current portion of amounts payable after more than one year42€5,728€5,728=
Financial debts43€10,000-
Credit institutions430/8€10,000-
Trade debts44€13,200€7,540▼
Suppliers440/4€13,200€7,540▼
Taxes, remuneration and social security45€12,518€17,819▲
Taxes450/3€12,518€17,819▲
Income statement Code20242025
Remuneration, social security and pensions62€387-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,892€4,892=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13,744-
Other operating charges640/8€1,392€1,809▲
Non-recurring operating charges66A€3,381-
Gross operating margin9900€59,444-€15,002▼
Operating profit (loss)9901€35,649-€21,703▼
Financial charges65/66B€405€339▼
Recurring financial charges65€405€339▼
Profit (loss) for the period before taxes9903€35,244-€22,042▼
Income taxes67/77€2,311€9,604▲
Profit (loss) for the period9904€32,933-€31,646▼
Profit (loss) for the period to be appropriated9905€32,933-€31,646▼
Appropriation of the result
Profit (loss) to be appropriated9906€32,957€1,312▼
Profit (loss) brought forward from the previous period14P€24€32,957▲

The notes to these accounts have 5 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.

Line20182019202020212022202320242025Change
Turnover70----€27,220€47,600---
Non-recurring operating income76A--€119,404------
Goods, raw materials, services and sundry goods60/61----€10,347€14,470---
Remuneration, social security and pensions62-----€384€387--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,745€11,676€5,158€5,169€5,036€6,583€4,892€4,892=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€13,744--
Other operating charges640/8--€4,031€802€2,000€2,120€1,392€1,809▲ 29.9%
Non-recurring operating charges66A------€3,381--
Gross operating margin9900€22,103€20,725€116,834€8,335€16,873€33,130€59,444-€15,002-
Operating profit (loss)9901€6,732€8,051€107,645€2,365€9,836€24,043€35,649-€21,703-
Financial income75/76B--€6,423€1,290-----
Recurring financial income75€8,505€9,475€6,423€1,290-----
Non-recurring financial income76B---€0-----
Financial charges65/66B--€11,501€94€380€817€405€339▼ 16.2%
Recurring financial charges65€17,513€19,588€11,501€94€380€817€405€339▼ 16.2%
Profit (loss) for the period before taxes9903-€2,276-€2,063€102,568€3,560€9,456€23,227€35,244-€22,042-
Transfer to deferred taxes680--€29,851€0-----
Income taxes67/77------€2,311€9,604▲ 316%
Profit (loss) for the period9904-€2,276-€2,063€72,717€3,560€9,456€23,227€32,933-€31,646-
Transfer to tax-exempt reserves689--€89,553€0-----
Profit (loss) for the period to be appropriated9905-€2,276-€2,063-€16,836€3,560€9,456€23,227€32,933-€31,646-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€427,159€432,624€181,581€185,154€205,777€245,256€284,730€242,726▼ 14.8%
Fixed assets21/28€258,156€246,365€63,759€59,024€53,988€47,405€39,133€34,241▼ 12.5%
Intangible fixed assets21€1,283€1,167-------
Tangible fixed assets22/27€256,874€245,198€63,759€59,024€53,988€47,405€39,133€34,241▼ 12.5%
Land and buildings22--€63,591€58,699€53,808€47,308€39,133€34,241▼ 12.5%
Furniture and vehicles24--€168€325€180€97---
Current assets29/58€169,003€186,259€117,822€126,130€151,789€197,851€245,597€208,484▼ 15.1%
Amounts receivable within one year40/41€160,074€176,488€110,594€118,944€136,617€167,674€205,999€190,735▼ 7.4%
Trade receivables40--€2,612€14,500€30,731€13,744€35,074€32,212▼ 8.2%
Other amounts receivable41--€107,982€104,444€105,886€153,930€170,925€158,524▼ 7.3%
Cash at bank and in hand54/58€128-€511€468€8,454€23,459€32,880€11,031▼ 66.5%
Deferred charges and accrued income490/1--€6,718€6,718€6,718€6,718€6,718€6,718=
Equity and liabilities
Total equity and liabilities10/49€427,159€432,624€181,581€185,154€205,777€245,256€284,730€242,726▼ 14.8%
Equity10/15-€4,741-€6,803€65,914€69,474€78,930€102,157€141,290€109,644▼ 22.4%
Contributions10/11€12,400€12,400€12,400€12,400€12,400€12,400€18,600€18,600=
Reserves13€180€180€89,733€89,733€89,733€89,733€89,733€89,733=
Non-distributable reserves130/1--€180€180€180€180€180€180=
Reserves not available under the articles1311--€180€180€180€180€180€180=
Tax-exempt reserves132--€89,553€89,553€89,553€89,553€89,553€89,553=
Profit (loss) carried forward14-€17,320-€19,383-€36,219-€32,659-€23,203€24€32,957€1,312▼ 96.0%
Provisions and deferred taxes16--€29,851€29,851€29,851€29,851€29,851€29,851=
Deferred taxes168--€29,851€29,851€29,851€29,851€29,851€29,851=
Amounts payable17/49€431,900€439,427€85,816€85,829€96,996€113,249€113,589€103,230▼ 9.1%
Amounts payable after more than one year17€211,630€193,521€72,143€72,143€72,143€72,143€72,143€72,143=
Financial debts170/4--€72,143€72,143€72,143€72,143€72,143€72,143=
Amounts payable within one year42/48€182,307€200,492€13,673€13,686€24,810€41,105€41,446€31,087▼ 25.0%
Current portion of amounts payable after more than one year42--€9,380€5,728€5,728€5,728€5,728€5,728=
Financial debts43------€10,000--
Credit institutions430/8------€10,000--
Trade debts44€7,134€10,702€1,045€2,647€7,717€15,137€13,200€7,540▼ 42.9%
Suppliers440/4--€1,045€2,647€7,717€15,137€13,200€7,540▼ 42.9%
Taxes, remuneration and social security45--€3,247€5,311€11,365€20,241€12,518€17,819▲ 42.4%
Taxes450/3--€3,247€5,311€11,227€20,241€12,518€17,819▲ 42.4%
Remuneration and social security454/9----€138€0---
Accrued charges and deferred income492/3----€43----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€2,276-€2,063€72,717€3,560€9,456€23,227€32,933-€31,646-
+ Depreciation and write-downs630€11,745€11,676€5,158€5,169€5,036€6,583€4,892€4,892=
Operating cash flow (approximation)€9,469€9,613€77,875€8,729€14,492€29,809€37,825-€26,754-
Investment in fixed assets (approximation)-€116€177,448-€434€0€0€3,381€0▼ 100%
Change in cash----€43€7,986€15,005€9,421-€21,849-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 28-06-2026 2026-00255651 NBB
31-12-2024 micro format 25-07-2025 2025-00306284 PDF
31-12-2023 micro format 28-06-2024 2024-00182657 PDF
31-12-2022 micro format 18-07-2023 2023-00285804 PDF
31-12-2021 micro format 21-12-2022 2022-20542227 PDF
31-12-2020 micro format 04-07-2022 2022-20170145 PDF
31-12-2019 micro format 15-08-2020 2020-42800488 PDF
31-12-2018 micro format 16-12-2019 2019-76200563 PDF
31-12-2017 micro format 13-12-2019 2019-76000457 PDF
31-12-2016 micro format 15-12-2017 2017-72100023 PDF

Show all 16 filings

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