MultiTech

Active Public limited companyfounded 1997active for 28 yearsSlijkensesteenweg 3A, 8400 OstendKBO/BCE: BE 0462.024.262 subsidiary of #4 company by staff growth in West Flanders, Building services and landscaping sector

MultiTech

Financial year 2025

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Annual accounts 2025

full format, filed on 11-06-2026, 50 days before the deadline

€4.6m

▲ 20.8%

€318,860

▲ 99.6%

€361,813

▲ 114%

€301,242

▲ 82.4%

82.4%

▼ 0.7 percentage points

4.87

▼ 0.52

In the rankings #4 company by staff growth in West Flanders, Building services and landscaping sector #5 company by equity in Ostend, Administrative and support services sector #8 employer in Ostend, Administrative and support services sector

Money flows

of every €100 of turnover, €5.61 remains as profit in 2025

Balance sheet

balance sheet total €3.6m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

82.4%

Higher than 92% of 672 companies in 2024.

4.87

Higher than 92% of 661 companies in 2024.

7.2%

Higher than 55% of 665 companies in 2024.

MultiTech Middle half of the sector 80% of the sector Full accounts in building services and landscaping (NACE 81)

Staff

Men and women7% women

11.9 men and 0.9 women in full-time equivalents in 2025.

€47,620

Men €59,820, women €45,047 per full-time equivalent. Jobs differ, so this is not a pay gap.

+3 people

people who joined people who left

In 2025, 8 people joined and 5 left. Training hours in 2025: 298. Agency workers: 3.3 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	3.6m	3.2m	3.0m	2.8m	2.7m	2.4m	2.5m	2.5m	2.4m	2.1m	1.8m	1.8m	2.1m	1.6m	2.1m	1.9m	4.0m
`21/28`	562,482	387,701	236,039	222,117	311,561	401,005	490,448	608,922	693,625	856,904	-	-	-	-	1.4m	1.5m	1.8m
`22/27`	562,445	387,664	234,839	220,917	310,361	399,805	489,249	557,722	642,425	806,867	891,765	976,663	1.1m	1.2m	1.3m	1.5m	1.5m
`22`	237,851	237,247	218,812	219,683	304,193	388,703	473,212	557,722	642,231	806,285	890,794	975,304	1.1m	1.2m	1.3m	1.5m	1.5m
`23`	203,086	70,917	5,869	-	-	-	-	-	194	582	971	1,359	1,748	2,519	4,054	5,590	7,125
`24`	117,263	56,663	10,158	1,234	6,168	11,102	16,037	-	-	-	-	-	-	-	2,143	8,181	14,219
`27`	4,246	22,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	37	37	1,200	1,200	1,200	1,200	1,199	51,200	51,200	50,037	50,037	50,037	50,037	50,037	50,037	50,037	298,037
`280/1`	-	-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
`280`	-	-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
`282/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	248,000
`282`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	248,000
`284/8`	37	37	1,200	1,200	1,200	1,200	1,199	1,200	1,200	37	37	37	37	37	37	37	37
`284`	-	-	1,163	1,163	1,163	1,163	1,162	1,163	1,163	-	-	-	-	-	-	-	-
`285/8`	37	37	37	37	37	37	37	37	37	37	37	37	37	37	37	37	37
`29/58`	3.0m	2.9m	2.7m	2.6m	2.3m	2.0m	2.0m	1.9m	1.7m	1.2m	844,373	760,017	1.0m	406,766	709,730	412,516	2.2m
`3`	550,627	625,159	623,993	192,047	128,274	75,667	179,418	230,269	62,970	99,364	87,653	105,934	64,496	51,923	44,722	6,020	78,715
`30/36`	250,564	172,109	196,838	-	-	-	-	-	-	-	-	-	-	-	-	-	69,753
`30/31`	250,564	172,109	196,838	-	-	-	-	-	-	-	-	-	-	-	-	-	69,753
`37`	300,063	453,051	427,156	192,047	128,274	75,667	179,418	230,269	62,970	99,364	87,653	105,934	64,496	51,923	44,722	6,020	8,962
`40/41`	951,197	568,391	790,652	476,139	387,284	449,027	755,870	530,853	997,509	455,302	237,879	338,746	698,351	176,604	188,442	150,716	254,884
`40`	900,884	498,737	545,098	391,912	377,562	434,964	704,211	489,143	369,323	432,300	235,943	276,617	679,726	156,980	129,333	139,205	247,394
`41`	50,313	69,654	245,554	84,227	9,722	14,063	51,659	41,710	628,186	23,002	1,936	62,129	18,625	19,624	59,109	11,511	7,490
`50/53`	1.3m	1.2m	1.1m	750,000	750,000	750,000	250,000	250,000	250,000	250,000	250,000	-	100,000	51,612	350,000	-	1.3m
`51/53`	1.3m	1.2m	1.1m	750,000	750,000	750,000	250,000	250,000	250,000	250,000	250,000	-	100,000	51,612	350,000	-	1.3m
`54/58`	266,807	457,506	262,759	1.2m	1.1m	753,455	829,006	912,582	346,200	431,126	268,699	315,008	139,051	125,986	126,175	255,131	555,584
`490/1`	6,440	6,184	6,654	-	954	40	2,426	13	13	23	142	329	113	641	391	648	304
Balance sheet: equity and liabilities
`10/49`	3.6m	3.2m	3.0m	2.8m	2.7m	2.4m	2.5m	2.5m	2.4m	2.1m	1.8m	1.8m	2.1m	1.6m	2.1m	1.9m	4.0m
`10/15`	3.0m	2.7m	2.5m	2.4m	2.3m	2.2m	2.2m	2.2m	2.1m	1.6m	1.6m	1.6m	1.4m	1.0m	781,811	624,448	3.8m
`10/11`	500,000	500,000	500,000	500,000	500,000	500,000	-	-	-	-	-	-	-	-	500,000	500,000	3.7m
`10`	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	-	-	-
`100`	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	3.7m
`13`	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	44,848	27,203	14,091	6,222	4,982
`130/1`	50,000	50,000	50,000	50,000	50,000	50,000	-	-	-	-	-	-	-	-	-	-	-
`130`	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	44,848	27,203	14,091	6,222	4,982
`14`	2.4m	2.1m	2.0m	1.8m	1.7m	1.7m	1.7m	1.6m	1.5m	1.1m	1.1m	1.1m	852,108	516,853	267,720	118,225	94,659
`17/49`	630,786	546,463	427,646	426,252	381,372	186,722	292,148	349,457	251,566	468,039	179,149	181,988	744,570	593,797	1.3m	1.3m	189,982
`42/48`	620,786	529,461	421,644	191,253	366,014	140,759	270,648	349,457	232,263	448,736	-	-	-	-	1.3m	1.3m	189,127
`44`	488,835	350,450	328,796	125,106	320,443	108,784	239,880	291,891	204,674	419,835	151,233	162,822	225,801	73,445	89,196	94,448	150,002
`440/4`	488,835	350,450	328,796	125,106	320,443	108,784	239,880	291,891	204,674	419,835	151,233	162,822	225,801	73,445	89,196	94,448	150,002
`46`	-	92,841	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`45`	131,951	86,171	92,848	66,147	45,571	31,975	30,768	57,566	27,589	28,901	27,916	19,166	18,769	20,352	15,318	22,304	35,441
`450/3`	41,331	5,954	10,007	1,626	13,441	1,342	1,513	35,658	5,509	6,061	7,093	-	-	-	-	3,714	5,282
`454/9`	90,620	80,216	82,841	64,521	32,130	30,633	29,255	21,908	22,080	22,840	20,823	19,166	18,769	20,352	15,318	18,589	30,159
`47/48`	-	-	-	-	-	-	-	-	-	-	-	-	500,000	500,000	1.2m	1.2m	3,684
`492/3`	10,000	17,002	6,001	234,999	15,358	45,963	21,500	-	19,303	19,303	-	-	-	-	-	-	854
Income statement
`70/76A`	4.5m	3.9m	3.6m	1.7m	1.4m	1.2m	1.4m	1.3m	1.5m	1.3m	-	-	-	-	805,375	522,050	884,932
`70`	4.6m	3.8m	3.4m	1.5m	1.3m	1.3m	1.5m	1.2m	1.0m	1.3m	731,291	959,464	1.5m	718,899	533,016	377,309	689,838
`71`	-152,987	25,895	235,109	63,772	52,606	-103,750	-50,852	173,126	-36,393	11,710	-18,280	41,437	12,574	7,200	38,702	-2,942	-30,955
`72`	12,125	22,188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`74`	3,977	710	3,779	75,000	-	2,557	2,753	23	485,440	16,109	2,438	213,658	23,142	211,783	-	-	-
`60/66A`	4.2m	3.7m	3.4m	1.5m	1.3m	1.1m	1.3m	1.2m	1.0m	1.3m	-	-	-	-	647,111	501,519	890,809
`60`	391,707	455,612	344,380	498,176	605,467	461,901	577,981	663,925	416,607	535,395	236,681	507,190	747,089	293,983	292,668	141,001	122,085
`600/8`	470,162	430,883	541,218	498,176	605,467	-	-	-	-	-	-	-	-	-	292,668	71,248	118,690
`609`	-78,455	24,729	-196,838	-	-	-	-	-	-	-	-	-	-	-	-	69,753	3,395
`61`	3.0m	2.6m	2.4m	418,853	322,779	189,249	312,095	256,020	293,362	485,890	188,033	162,633	101,531	94,332	99,974	119,336	273,443
`62`	752,401	677,332	607,084	520,828	305,256	377,869	319,489	215,148	211,617	210,979	202,856	233,686	220,277	204,319	155,842	156,652	384,005
`630`	42,953	9,149	10,692	89,444	89,444	89,444	88,210	84,704	84,898	84,898	84,898	84,898	85,280	88,189	92,083	92,083	91,701
`631/4`	-212	-	-39,655	-	-	-	12,389	5,827	-	1,780	-	18,064	6,936	-5,108	5,108	-9,231	17,710
`640/8`	3,471	2,888	49,863	2,579	1,498	2,497	1,453	1,747	1,640	1,372	1,843	1,442	2,338	2,978	1,436	1,677	1,865
`9901`	318,860	159,755	199,798	141,086	52,200	58,151	92,029	115,390	473,832	16,946	1,138	206,646	353,662	259,189	158,264	20,532	-5,877
`75/76B`	35,263	46,596	29,802	764	128	-	-	-	-	-	-	-	-	-	1,267	6,573	11,698
`75`	35,263	46,596	29,802	764	128	147	696	92	381	839	1,625	1,290	1,034	5,404	1,267	6,573	11,698
`751`	26,948	44,337	29,801	-	128	131	75	75	75	297	533	1,280	748	4,427	1,267	5,824	11,416
`752/9`	8,315	2,259	0	764	-	16	621	17	306	542	1,092	10	286	977	-	748	281
`65/66B`	160	105	100	2,292	1,747	131	50,108	112	142	131	-	-	-	-	2,168	2,298	2,112
`65`	160	105	100	2,292	1,747	131	109	112	142	131	466	163	1,796	2,348	2,168	2,298	2,112
`650`	-	-	-	1,940	1,576	-	-	-	-	-	-	-	-	-	-	-	-
`652/9`	160	105	100	352	171	131	109	112	142	131	466	163	1,796	2,348	2,168	2,298	2,112
`66B`	-	-	-	-	-	-	49,999	-	-	-	-	-	-	-	-	-	-
`9903`	353,963	206,246	229,499	139,558	50,581	58,167	42,617	115,370	474,071	17,654	2,297	207,773	352,900	262,245	157,363	24,807	3,709
`67/77`	95,674	50,220	69,535	36,602	13,522	30,715	10,779	30,939	-	-	-	-	-	-	-	-	-5,812
`670/3`	95,713	56,030	69,982	36,602	13,522	30,715	25,023	30,939	23	81	134	320	188	996	229	822	1,765
`77`	38	5,811	447	-	-	-	14,244	-	23	81	134	320	188	996	229	822	7,577
`9904`	258,289	156,027	159,964	102,956	37,059	27,452	31,838	84,431	474,071	17,654	2,297	207,773	352,900	262,245	157,363	24,807	9,521
`9905`	258,289	156,027	159,964	102,956	37,059	27,452	31,838	84,431	474,071	17,654	2,297	207,773	352,900	262,245	157,363	24,807	9,521
Appropriation of the result
`9906`	2.4m	2.1m	2.0m	1.8m	1.7m	1.7m	1.7m	1.6m	1.5m	1.1m	1.1m	1.1m	869,753	529,965	275,588	119,466	95,135
`14P`	2.1m	2.0m	1.8m	1.7m	1.7m	1.7m	1.6m	1.5m	1.1m	1.1m	1.1m	852,108	516,853	267,720	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	5,152	17,645	13,112	7,868	1,240	476
`6920`	-	-	-	-	-	-	-	-	-	-	-	5,152	17,645	13,112	7,868	1,240	476
Social balance sheet
`9087`	15.8	12.8	12.3	10.7	7.2	6.8	7.3	5	5.1	5.3	5.1	5.8	5.8	5.1	3.9	4	9.1
Men (FTE)`1003`	11.9	11.9	12.3	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Women (FTE)`1003`	0.9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Agency workers`1501`	3.3	2.8	3.2	-	-	-	-	-	-	-	-	-	-	-	-	-	0.1
Hours worked`1013`	19,746	18,298	17,901	-	-	-	-	-	-	-	-	-	-	-	6,627	6,877	15,716
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 10 older financial years (1998-2008) were filed as documents without figures as data, scans for example.

The notes to these accounts have 45 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 11-06-2026.

Download as CSV

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	full format	11-06-2026	2026-00169065	PDF
31-12-2024	full format	23-05-2025	2025-00116498	PDF
31-12-2023	full format	13-06-2024	2024-00131016	PDF
31-12-2022	full format	25-05-2023	2023-00104994	PDF
31-12-2021	full format	14-06-2022	2022-20067184	PDF
31-12-2020	full format	26-05-2021	2021-15800442	PDF
31-12-2019	full format	17-06-2020	2020-17900311	PDF
31-12-2018	full format	13-06-2019	2019-18300236	PDF
31-12-2017	full format	11-06-2018	2018-18500317	PDF
31-12-2016	full format	12-06-2017	2017-17600472	PDF
31-12-2015	full format	30-06-2016	2016-26300435	PDF
31-12-2014	full format	18-06-2015	2015-19100597	PDF
31-12-2013	full format	26-06-2014	2014-23100574	PDF
31-12-2012	full format	27-06-2013	2013-24800176	PDF
31-12-2011	full format	27-06-2012	2012-22200212	PDF
31-12-2010	full format	09-08-2011	2011-38900087	PDF
31-12-2009	full format	18-06-2010	2010-18900334	PDF
31-12-2008	full format	26-06-2009	2009-30600238	PDF
31-12-2007	full format	03-07-2008	2008-34700323	PDF
31-12-2006	full format	12-07-2007	2007-38700339	PDF
31-12-2005	full format	18-07-2006	2006-48805234	PDF
31-12-2004	full format	08-07-2005	2005-45203935	PDF
31-12-2002	full format	30-06-2003	2003-35400824	PDF
31-12-2001	full format	24-06-2002	2002-25501972	PDF
31-12-2000	full format	28-06-2001	2001-28303749	PDF
31-12-1999	full format	26-06-2000	2000-28005088	PDF
31-12-1998	full format	30-06-1999	1999-27803581	PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €18,517 awarded, €19,105 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€18,517

Year	Entries	Awarded	Paid
2025	1	€7,500	€7,500
2024	1	€7,500	€7,500
2023	1	€1,469	€2,452
2022	1	€2,048	€1,653

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
361,813	168,905	210,490	230,530	141,644	147,595	180,239	200,094	558,730	101,844	86,036	291,544	438,942	347,378	250,347	112,615	85,824
301,242	165,176	170,656	192,400	126,503	116,896	120,048	169,135	558,969	102,552	87,195	292,671	438,180	350,434	249,446	116,890	101,221
217,734	161,974	24,614	0	0	1	19,738	1	1,163	0	0	-27,917	-6,292	-57,319	-60,006	57,786	252,589
-190,699	194,747	-905,677	85,606	329,375	-75,551	-83,576	566,382	-84,926	162,427	-46,309	175,957	13,065	-189	-128,956	-300,452	-
2.4m	2.3m	2.3m	2.4m	2.0m	1.9m	1.7m	1.6m	1.4m	787,079	-	-	-	-	-594,784	-904,236	2.0m
6.9%	4.2%	5.9%	9.2%	3.9%	4.5%	6.3%	9.9%	45.9%	1.3%	0.2%	21.5%	23.9%	36.1%	29.7%	5.4%	-0.9%
82.4%	83.2%	85.6%	84.8%	85.7%	92.3%	88.3%	86.2%	89.3%	77.6%	90.0%	89.8%	65.2%	63.7%	37.5%	32.2%	95.3%
4.87	5.40	6.48	13.52	6.42	14.41	7.45	5.50	7.13	2.75	-	-	-	-	0.54	0.31	11.58
3.99	4.22	5.00	12.52	6.07	13.87	6.79	4.85	6.86	2.53	-	-	-	-	0.51	0.31	11.16
0.21	0.20	0.17	0.18	0.17	0.08	0.13	0.16	0.12	0.29	0.11	0.11	0.53	0.57	1.67	2.11	0.05
8.7%	5.8%	6.3%	4.3%	1.6%	1.2%	1.4%	3.9%	22.6%	1.1%	0.1%	12.9%	25.3%	25.1%	20.1%	4.0%	0.2%
7.2%	4.8%	5.4%	3.7%	1.4%	1.1%	1.3%	3.3%	20.2%	0.8%	0.1%	11.6%	16.5%	16.0%	7.5%	1.3%	0.2%
over 100	over 100	over 100	over 100	89.88	over 100	over 100	over 100	over 100	over 100	over 100	over 100	over 100	over 100	-	-	-
71 days	48 days	59 days	93 days	104 days	124 days	177 days	153 days	131 days	121 days	118 days	105 days	167 days	80 days	89 days	135 days	131 days
53 days	42 days	43 days	50 days	126 days	61 days	98 days	116 days	105 days	150 days	130 days	89 days	97 days	69 days	83 days	132 days	138 days

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
Employees at the balance-sheet date	16	13	13
full-time	15	12	10
part-time	1	1	3
in full-time equivalents	15.8	12.8	11.4
	12.8	11.9	12.3
On a permanent contract	16	13	13
Joined	8	5	3
Left	5	5	4
Agency workers, average number	3.3	2.8	3.2
Training hours	298	280	28

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€217,734	€161,974	€24,614	-	-
	€42,953	€9,149	€10,692	€89,444	€89,444

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

Auditor

fees

Item	2025	2024	2023	2022	2021
Fee for the audit	€7,930	€7,625	€7,625	€7,060	€6,420

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Public contracts

1 award · 2026

Kardinale boeien voor offshore testinfrastructuur POM West-Vlaanderen: 2026/05_KE_A_OP - 1

buyer: Provinciale Ontwikkelingsmaatschappij West-VlaanderenTransport equipmentawarded 19-03-2026€572,7281 tenderTED 262042-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MultiTech

The operating result for 2025 is 100% higher than in 2024 and the highest since 2017. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 16.8% to 17.6%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency82.4%

Current ratio4.87

Return on assets7.2%

Staff

Men and women7% women

Staff cost per FTE€47,620

Joined and left+3 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €18,517 awarded, €19,105 paid

Key figures and ratios

Social balance sheet

Investments

Auditor

Public contracts

Insights on MultiTech

Next steps

in €m

in euro

82.4%

4.87

7.2%

€47,620

+3 people