MULTINETH
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €120,000 and €310,000.
Balance sheet
balance sheet total €156,408 on 31-12-2025in euro
in euro
Position in the sector
-98.4%
Higher than 8% of 2,612 companies in 2025.
0.12
Lower than 95% of 2,481 companies in 2025.
-15.7%
Higher than 13% of 2,510 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€64,013
Staff costs divided by the average number of full-time equivalents.
level
In 2025, nobody joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
156,408 | 180,675 | 227,629 | 341,531 | 366,029 | |
21/28 |
131,292 | 149,148 | 173,255 | 259,463 | 291,886 | |
21 |
108,929 | 127,448 | 145,966 | 164,485 | 183,003 | |
22/27 |
22,363 | 21,700 | 27,289 | 94,978 | 108,883 | |
23 |
17,614 | 21,700 | 27,289 | 32,878 | 37,660 | |
24 |
- | - | - | 0 | 123 | |
26 |
4,749 | - | 0 | 62,100 | 71,100 | |
29/58 |
25,116 | 31,527 | 54,373 | 82,068 | 74,143 | |
40/41 |
10,494 | 8,378 | 43,216 | 13,120 | 23,805 | |
40 |
6,422 | 234 | 4,893 | 0 | 13,370 | |
41 |
4,072 | 8,144 | 38,323 | 13,120 | 10,435 | |
54/58 |
11,390 | 20,610 | 6,854 | 1,341 | 19,842 | |
490/1 |
3,232 | 2,539 | 4,304 | 67,607 | 30,497 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
156,408 | 180,675 | 227,629 | 341,531 | 366,029 | |
10/15 |
-153,904 | -129,305 | -90,518 | -41,990 | 19,842 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
14 |
-173,904 | -149,305 | -110,518 | -61,990 | -158 | |
17/49 |
310,312 | 309,980 | 318,147 | 383,521 | 346,188 | |
17 |
97,119 | 137,662 | 177,621 | 217,003 | 255,818 | |
170/4 |
97,119 | 137,662 | 177,621 | 217,003 | 255,818 | |
42/48 |
211,996 | 167,648 | 140,394 | 162,813 | 90,174 | |
42 |
40,543 | 39,958 | 39,382 | 38,815 | 39,940 | |
43 |
25,000 | 25,000 | 25,000 | 25,000 | - | |
430/8 |
25,000 | 25,000 | 25,000 | 25,000 | - | |
44 |
68,162 | 48,641 | 26,235 | 73,712 | 25,519 | |
440/4 |
68,162 | 48,641 | 26,235 | 73,712 | 25,519 | |
45 |
13,643 | 13,271 | 15,069 | 9,077 | 2,859 | |
450/3 |
4,513 | 4,357 | 5,213 | 26 | 613 | |
454/9 |
9,131 | 8,914 | 9,855 | 9,051 | 2,246 | |
47/48 |
64,648 | 40,778 | 34,709 | 16,209 | 21,856 | |
492/3 |
1,197 | 4,670 | 132 | 3,705 | 196 | |
| Income statement | ||||||
76A |
- | - | - | 0 | - | |
9900 |
60,109 | 43,580 | 42,448 | 20,772 | 28,877 | |
62 |
44,809 | 43,445 | 39,950 | 38,528 | 5,509 | |
630 |
22,698 | 24,108 | 24,108 | 33,691 | 14,497 | |
631/4 |
0 | -3,521 | 3,521 | - | - | |
640/8 |
8,510 | 9,191 | 10,989 | 4,005 | 888 | |
66A |
- | 0 | 4,500 | - | - | |
9901 |
-15,908 | -29,642 | -40,619 | -55,452 | 7,983 | |
75/76B |
0 | 0 | 487 | - | 132 | |
75 |
0 | 0 | 487 | - | 0 | |
76B |
- | - | - | - | 132 | |
65/66B |
8,936 | 9,145 | 8,151 | 6,967 | 2,951 | |
65 |
8,936 | 9,145 | 8,151 | 6,967 | 2,951 | |
9903 |
-24,844 | -38,787 | -48,283 | -62,419 | 5,164 | |
67/77 |
-245 | 0 | 245 | -588 | 26 | |
9904 |
-24,599 | -38,787 | -48,528 | -61,832 | 5,139 | |
9905 |
-24,599 | -38,787 | -48,528 | -61,832 | 5,139 | |
| Appropriation of the result | ||||||
9906 |
-173,904 | -149,305 | -110,518 | -61,990 | -158 | |
14P |
-149,305 | -110,518 | -61,990 | -158 | -5,297 | |
| Social balance sheet | ||||||
9087 |
0.7 | 1 | 1 | 1 | 1.1 | |
Hours worked1013 |
1,204 | 1,360 | 1,274 | 1,277 | 149 | |
| Document | ||||||
The notes to these accounts have 9 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 29-06-2026.
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 | micro format | 29-06-2026 | 2026-00210888 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00248789 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00187393 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00150914 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076629 |
Subsidies and aid
Flemish government 2022, 1 entry, €135 awarded, €135 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 6,790 | -5,535 | -16,511 | -21,761 | 22,480 | ||
| -1,901 | -14,679 | -24,421 | -28,141 | 19,636 | ||
| 4,842 | 0 | -62,100 | 1,268 | 220,146 | ||
| -9,220 | 13,757 | 5,513 | -18,501 | - | ||
| -186,880 | -136,121 | -86,021 | -80,744 | -16,031 | ||
| -98.4% | -71.6% | -39.8% | -12.3% | 5.4% | ||
| 0.12 | 0.19 | 0.39 | 0.50 | 0.82 | ||
| - | - | - | - | 17.45 | ||
| - | - | - | - | 25.9% | ||
| -15.7% | -21.5% | -21.3% | -18.1% | 1.4% | ||
| 0.76 | -0.61 | -2.03 | -3.12 | 7.62 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 0 | 0 | 0 | 0 | 0 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0 | 0.7 | 0.7 | 0.7 | 0.7 |
| 0.7 | 0.7 | 0.7 | 0.7 | 1.1 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 0 | - | - | 0 | 18 |
| Left | 0 | - | - | 0 | 17 |
| Training hours | 0 | - | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,842 | - | - | €1,268 | €34,961 |
| Intangible fixed assets | - | - | - | - | €185,185 |
| €22,698 | €24,108 | €24,108 | €33,691 | €14,497 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MULTINETH
The operating result for 2025 is a loss of €15,908, smaller than the loss of €29,642 in 2024.
Equity is negative. Debt (€310,312) exceeds the balance-sheet total (€156,408).