MULTIPHARMA GROUP
ActiveSummary
MULTIPHARMA GROUP has been active since 1912 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164.7m and a net result of -€242,114. Equity is growing by about 18% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format, standalone accounts
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€242,114▼ 303%
2024 · -€60,057
Working capital
-€512,100
2024 · €33,015
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €355,931 in 2025 against €171,565 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.4m
2025
Net result-€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€166.0m
2025
Equity€164.7m
2025
Debt€1.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.1m--€0.2m▼ 23.9%-€0.1m▲ 14.7%-€0.1m▲ 8.4%-€0.2m▼ 75.4%-€0.2m▲ 4.8%-€0.2m▲ 19.7%-€0.4m▼ 107%
Net result€0.06m-€31.2m▲ 506×-€0.1m€6.0m-€0.1m€43.8m-€0.06m-€0.2m▼ 303%
Equity€4.2m-€83.6m▲ 20×€83.5m▼ 0.1%€89.1m▲ 6.7%€88.5m▼ 0.7%€131.8m▲ 48.9%€131.2m▼ 0.4%€164.7m▲ 25.5%
Total assets€4.3m-€83.7m▲ 20×€85.3m▲ 2.0%€89.6m▲ 5.1%€89.0m▼ 0.7%€132.3m▲ 48.7%€131.8m▼ 0.4%€166.0m▲ 26.0%
Debt€0.02m-€0.02m▼ 7.8%€1.8m▲ 98×€0.5m▼ 70.2%€0.5m▲ 0.5%€0.5m▼ 0.1%€0.5m▼ 0.8%€1.3m▲ 157%
Working capital€0.6m-€5.4m▲ 736%€1.0m▼ 81.1%€0.8m▼ 23.3%€0.7m▼ 15.5%€0.05m▼ 91.8%€0.03m▼ 39.5%-€0.5m
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166.0m
Fixed assets
€165.2m ▲ 25.9%
Current assets
€832,038 ▲ 49.6%
Equity and liabilities €166.0m
Equity
€164.7m ▲ 25.5%
Debt
€1.3m ▲ 157%
Debt's share of the balance-sheet total rises from 0.4% to 0.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.62▼
2024 · 1.06
Debt to equity
0.01▲
2024 · 0.00
ROE
-0.1%▼
2024 · 0.0%
ROA
-0.1%▼
2024 · 0.0%
Debt ≤ 1 year
€1.3m▲
2024 · €522,997
Income taxes
€4,994▲
2024 · -€2,153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.001m | - | €0.001m | €0.2m | - | - |
| Other operating income74 | - | - | - | €0.001m | - | €0.001m | €0.001m | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.2m | - | - |
| Operating charges60/66A | - | - | - | €0.1m | €0.2m | €0.2m | €0.4m | €0.4m | ▼ 13.3% |
| Services and other goods61 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 65.1% |
| Other operating charges640/8 | - | - | - | €0.009m | €0.004m | €0.005m | €0.02m | €0.02m | ▲ 19.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.2m | - | - |
| Operating profit (loss)9901 | -€0.1m | -€0.2m | -€0.1m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.4m | ▼ 107% |
| Financial income75/76B | - | - | - | €6.1m | €0.1m | €44.0m | €0.1m | €0.1m | ▲ 8.4% |
| Recurring financial income75 | €0.2m | €0.2m | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 14.3% |
| Income from financial fixed assets750 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.5% |
| Income from current assets751 | - | - | - | - | - | - | - | €0.02m | - |
| Non-recurring financial income76B | - | - | - | €6.0m | - | €43.9m | €0.007m | €0.001m | ▼ 86.3% |
| Financial charges65/66B | - | - | - | €0.02m | €0.004m | €0.002m | €0.002m | €0.002m | ▼ 3.7% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.02m | €0.01m | €0.004m | €0.002m | €0.002m | €0.002m | ▼ 3.7% |
| Debt charges650 | - | - | €0.02m | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.01m | €0.004m | €0.002m | €0.002m | €0.002m | ▼ 3.7% |
| Non-recurring financial charges66B | - | - | - | €0.005m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.06m | €31.2m | -€0.1m | €6.0m | -€0.1m | €43.8m | -€0.06m | -€0.2m | ▼ 281% |
| Income taxes67/77 | - | -€109 | - | -€0.001m | €0.002m | - | -€0.002m | €0.005m | - |
| Taxes670/3 | - | - | - | - | €0.002m | - | - | €0.005m | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | - | - | €0.002m | - | - |
| Profit (loss) for the period9904 | €0.06m | €31.2m | -€0.1m | €6.0m | -€0.1m | €43.8m | -€0.06m | -€0.2m | ▼ 303% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.2m | -€0.1m | €6.0m | -€0.1m | €43.8m | -€0.06m | -€0.2m | ▼ 303% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.3m | €83.7m | €85.3m | €89.6m | €89.0m | €132.3m | €131.8m | €166.0m | ▲ 26.0% |
| Fixed assets21/28 | €3.6m | €78.2m | €84.2m | €88.3m | €87.8m | €131.8m | €131.2m | €165.2m | ▲ 25.9% |
| Financial fixed assets28 | €3.6m | €78.2m | €84.2m | €88.3m | €87.8m | €131.8m | €131.2m | €165.2m | ▲ 25.9% |
| Affiliated companies280/1 | - | - | - | €88.3m | €87.8m | €131.7m | €131.2m | €165.2m | ▲ 25.9% |
| Participating interests280 | - | - | - | €82.3m | €82.3m | €126.2m | €126.2m | €161.2m | ▲ 27.7% |
| Amounts receivable281 | - | - | - | €6.0m | €5.5m | €5.5m | €5.0m | €4.0m | ▼ 20.0% |
| Other financial fixed assets284/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.002m | €0.002m | = |
| Shares284 | - | - | - | €0.05m | €0.05m | €0.05m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.7m | €5.4m | €1.1m | €1.3m | €1.2m | €0.6m | €0.6m | €0.8m | ▲ 49.6% |
| Amounts receivable within one year40/41 | €0.06m | €0.1m | €0.3m | €0.04m | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 15.6% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 15.6% |
| Current investments50/53 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Other investments51/53 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Cash at bank and in hand54/58 | €0.6m | €5.3m | €0.8m | €1.2m | €1.0m | €0.2m | €0.09m | €0.3m | ▲ 186% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 55.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.3m | €83.7m | €85.3m | €89.6m | €89.0m | €132.3m | €131.8m | €166.0m | ▲ 26.0% |
| Equity10/15 | €4.2m | €83.6m | €83.5m | €89.1m | €88.5m | €131.8m | €131.2m | €164.7m | ▲ 25.5% |
| Contributions10/11 | €3.4m | €8.4m | - | €8.4m | €8.4m | €8.4m | €8.4m | €43.4m | ▲ 414% |
| Revaluation surpluses12 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.7m | €74.1m | €74.1m | €74.1m | €74.1m | €74.1m | €74.1m | €74.1m | = |
| Non-distributable reserves130/1 | - | - | - | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | = |
| Reserves not available under the articles1311 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Other1319 | - | - | - | €0.07m | €0.07m | €0.07m | €0.06m | €0.06m | = |
| Tax-exempt reserves132 | - | - | - | €31.8m | €31.8m | €31.8m | €13.2m | €13.2m | = |
| Distributable reserves133 | - | - | - | €41.1m | €41.1m | €41.1m | €59.8m | €59.8m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.07m | €5.6m | €4.9m | €48.3m | €47.7m | €46.1m | ▼ 3.2% |
| Amounts payable17/49 | €0.02m | €0.02m | €1.8m | €0.5m | €0.5m | €0.5m | €0.5m | €1.3m | ▲ 157% |
| Amounts payable after more than one year17 | - | - | €1.7m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.02m | €0.02m | €0.06m | €0.5m | €0.5m | €0.5m | €0.5m | €1.3m | ▲ 157% |
| Trade debts44 | - | €0.007m | €0.003m | €0.008m | €0.008m | €0.008m | €0.004m | €0.03m | ▲ 662% |
| Suppliers440/4 | - | - | - | €0.008m | €0.008m | €0.008m | €0.004m | €0.03m | ▲ 662% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €1.3m | ▲ 153% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €31.2m | -€0.1m | €6.0m | -€0.1m | €43.8m | -€0.06m | -€0.2m | ▼ 303% |
| Operating cash flow (approximation) | €0.06m | €31.2m | -€0.1m | €6.0m | -€0.1m | €43.8m | -€0.06m | -€0.2m | ▼ 303% |
| Investment in fixed assets (approximation) | - | -€74.6m | -€6.0m | -€4.1m | €0.5m | -€43.9m | €0.5m | -€34.0m | - |
| Change in cash | - | €4.7m | -€4.5m | €0.4m | -€0.2m | -€0.7m | -€0.1m | €0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 70 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | consolidated | 29-06-2026 | 2026-00229140 |
| 31-12-2025 | full format | 25-06-2026 | 2026-00229062 |
| 31-12-2024 | consolidated | 30-06-2025 | 2025-00218054 |
| 31-12-2024 | unclassified schema | 23-06-2025 | 2025-00172291 |
| 31-12-2023 | consolidated | 31-12-2024 | 2025-00001550 |
| 31-12-2023 | unclassified schema | 17-07-2024 | 2024-00259210 |
| 31-12-2022 | consolidated | 02-08-2023 | 2023-00313107 |
| 31-12-2022 | unclassified schema | 02-08-2023 | 2023-00311651 |
| 31-12-2021 | consolidated | 27-07-2022 | 2022-20245696 |
| 31-12-2021 | unclassified schema | 25-07-2022 | 2022-20226097 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.