MULTIPLE WAYS
Annual accounts 2025
micro format, filed on 02-02-2026, 2 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €64,000 and €250,000.
Balance sheet
balance sheet total €49,896 on 30-06-2025in euro
in euro
Position in the sector
-64.4%
Higher than 7% of 8,615 companies in 2025.
0.54
Higher than 12% of 8,291 companies in 2025.
45.8%
Higher than 88% of 8,400 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
49,896 | 32,857 | 15,196 | 14,450 | 35,630 | 22,239 | 25,826 | 79,354 | 91,259 | |
21/28 |
5,413 | 5,592 | 5,144 | 6,588 | 8,032 | 7,319 | 11,198 | 30,624 | 41,962 | |
22/27 |
357 | 535 | 87 | 1,531 | 2,975 | 2,262 | 6,141 | 24,661 | 36,000 | |
24 |
357 | 535 | 87 | 1,531 | 2,975 | 1,598 | 4,338 | 21,719 | 31,919 | |
26 |
- | - | - | - | 0 | 664 | 1,803 | 2,942 | 4,081 | |
28 |
5,057 | 5,057 | 5,057 | 5,057 | 5,057 | 5,057 | 5,057 | 5,963 | 5,963 | |
29/58 |
44,483 | 27,265 | 10,053 | 7,863 | 27,598 | 14,920 | 14,628 | 48,730 | 49,297 | |
40/41 |
5,027 | 6,610 | 257 | 1,909 | 23,702 | 8,204 | 9,539 | 16,894 | 41,583 | |
40 |
5,027 | 6,610 | 245 | 1,909 | 23,702 | 8,000 | 9,539 | 16,894 | 41,583 | |
41 |
- | 0 | 12 | - | 0 | 204 | - | - | - | |
50/53 |
- | - | 9 | 9 | - | - | - | - | - | |
54/58 |
38,780 | 19,518 | 8,621 | 4,506 | 3,211 | 5,457 | 2,701 | 30,780 | 6,658 | |
490/1 |
676 | 1,137 | 1,165 | 1,438 | 686 | 1,259 | 2,389 | 1,057 | 1,057 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
49,896 | 32,857 | 15,196 | 14,450 | 35,630 | 22,239 | 25,826 | 79,354 | 91,259 | |
10/15 |
-32,154 | -54,988 | -75,426 | -72,337 | -45,861 | -50,157 | -16,393 | 49,757 | 30,307 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | |
14 |
-40,214 | -63,048 | -83,486 | -80,397 | -53,921 | -58,217 | -24,453 | 41,697 | 22,247 | |
17/49 |
82,050 | 87,845 | 90,622 | 86,787 | 81,490 | 72,397 | 42,219 | 29,597 | 60,952 | |
17 |
- | - | - | - | - | - | - | 6,691 | 12,771 | |
170/4 |
- | - | - | - | - | - | - | 6,691 | 12,771 | |
42/48 |
82,050 | 87,845 | 90,622 | 86,787 | 81,374 | 72,203 | 42,191 | 22,906 | 48,181 | |
42 |
- | - | - | - | - | - | - | 6,080 | 5,990 | |
44 |
1,952 | 2,884 | 1,900 | 423 | 70 | 842 | 5,022 | 1,744 | 3,337 | |
440/4 |
1,952 | 2,884 | 1,900 | 423 | 70 | 842 | 5,022 | 1,744 | 3,337 | |
45 |
2,992 | 1,378 | 2,989 | 1,582 | 1,332 | 147 | 945 | 14,606 | 37,445 | |
450/3 |
2,992 | 1,378 | 2,989 | 1,582 | 1,332 | 147 | 945 | 14,606 | 20,945 | |
454/9 |
- | - | - | - | - | - | - | - | 16,500 | |
47/48 |
77,107 | 83,583 | 85,733 | 84,782 | 79,972 | 71,214 | 36,224 | 476 | 1,410 | |
492/3 |
- | - | - | 0 | 116 | 194 | 28 | - | - | |
| Income statement | ||||||||||
9900 |
24,166 | 21,582 | -651 | -23,741 | 8,643 | -29,378 | -60,201 | 40,118 | 53,702 | |
630 |
179 | 88 | 1,444 | 1,444 | 3,619 | 3,879 | 4,892 | 11,338 | 16,063 | |
640/8 |
778 | 706 | 522 | 519 | 493 | 342 | 607 | 536 | 2,228 | |
9901 |
23,210 | 20,788 | -2,617 | -25,704 | 4,531 | -33,599 | -65,700 | 28,244 | 35,412 | |
75/76B |
20 | 0 | - | - | 0 | 0 | 0 | 0 | - | |
75 |
20 | 0 | - | - | 0 | 0 | 0 | 0 | - | |
65/66B |
219 | 190 | 347 | 654 | 88 | 18 | 259 | 318 | 386 | |
65 |
219 | 190 | 347 | 654 | 88 | 18 | 259 | 318 | 386 | |
9903 |
23,011 | 20,598 | -2,963 | -26,358 | 4,442 | -33,617 | -65,958 | 27,926 | 35,026 | |
67/77 |
177 | 161 | 125 | 118 | 146 | 147 | 193 | 8,476 | 10,919 | |
9904 |
22,834 | 20,438 | -3,089 | -26,476 | 4,297 | -33,764 | -66,151 | 19,451 | 24,107 | |
9905 |
22,834 | 20,438 | -3,089 | -26,476 | 4,297 | -33,764 | -66,151 | 19,451 | 24,107 | |
| Appropriation of the result | ||||||||||
9906 |
-40,214 | -63,048 | -83,486 | -80,397 | -53,921 | -58,217 | -24,453 | 41,697 | 24,107 | |
14P |
-63,048 | -83,486 | -80,397 | -53,921 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
| Document | ||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026829.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00026829 | |
| 30-06-2024 | micro format | 16-12-2024 | 2024-00616195 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012100 | |
| 30-06-2022 | micro format | 24-01-2023 | 2023-00002464 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01600200 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76500505 | |
| 30-06-2019 | micro format | 19-12-2019 | 2019-77000166 | |
| 30-06-2018 | micro format | 10-01-2019 | 2019-00900454 | |
| 30-06-2017 | micro format | 19-12-2017 | 2017-72500280 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 23,388 | 20,876 | -1,173 | -24,260 | 8,150 | -29,721 | -60,808 | 39,582 | 51,474 | ||
| 23,012 | 20,525 | -1,645 | -25,032 | 7,916 | -29,886 | -61,259 | 30,789 | 40,170 | ||
| 0 | 536 | 0 | 0 | 4,332 | 0 | -14,534 | 0 | 58,025 | ||
| 19,261 | 10,898 | 4,115 | 1,296 | -2,247 | 2,757 | -28,079 | 24,122 | - | ||
| -37,567 | -60,580 | -80,569 | -78,925 | -53,776 | -57,282 | -27,563 | 25,824 | 1,116 | ||
| -64.4% | -167.4% | -496.3% | -500.6% | -128.7% | -225.5% | -63.5% | 62.7% | 33.2% | ||
| 0.54 | 0.31 | 0.11 | 0.09 | 0.34 | 0.21 | 0.35 | 2.13 | 1.02 | ||
| - | - | - | - | - | - | - | 0.59 | 2.01 | ||
| - | - | - | - | - | - | - | 39.1% | 79.5% | ||
| 45.8% | 62.2% | -20.3% | -183.2% | 12.1% | -151.8% | -256.1% | 24.5% | 26.4% | ||
| over 100 | over 100 | -3.38 | -37.08 | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €536 | - | - |
| €179 | €88 | €1,444 | €1,444 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MULTIPLE WAYS
The operating result for 2025 is 12% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€82,050) exceeds the balance-sheet total (€49,896).