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

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Overview

Lifetime

17 annual accounts with figures on one time axis, 27 filings since 1998

Compare with

peak €4.6m (2025)

€4.6m▲ 20.8%

peak €474,071 (2017)

€258,289▲ 65.5%

peak €3.8m (2009)

€3.0m▲ 9.6%

€630,786▲ 15.4%

peak 15.8 FTE (2025)

15.8 FTE▲ 23.4%

Board13 names since 2017all names

4 directors and 3 others

Owners2 names in the annual accounts

100%

Documentsfilings and deeds

11-06-202650 days before the deadline

2025financial year

Turnover from €3.8m to €4.6mResult from €156,027 to €258,289Staff from 12.8 FTE to 15.8 FTERegistered office moved to Ostend 30-125 directors appointed, 4 resignations, 1 statutory auditor re… 11-04Amendment of the articles 09-01

Key points

from the 2025 annual accounts

Equity

€3.0m ▲ 9.6%

MultiTech has made a profit in every financial year since 2009.

Result

€258,289 ▲ 65.5%

The result rose in 2025 from €156,027 to €258,289.

Investments

€217,734 5.1 × depreciation

Green is investment, beige is depreciation. Machinery stands 186.4% higher than in 2024.

Staff

16 employees on 31-12-2025

In 2025, 8 people joined and 5 left. On top of that, 3.3 agency workers worked there on average.

Payment terms

53 days to suppliers

Suppliers

42 to 53

Customers

48 to 71

MultiTech pays its suppliers 11 days later than in 2024. Customers pay 23 days later.

Filings

27 annual accounts since 1998

The last five annual accounts were filed 47 to 69 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 20,124 companies had the same profile as MultiTech has now. Each dot stands for 51 companies, two years later.

95.1%

were still trading

4.7%

stopped another way

0.2%

went bankrupt

Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

Test of the method

The method was tested on the 497,331 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	2.9%	3.1%
10	5.6%	6.1%

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 20,124 companies, not a prediction for MultiTech. 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.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director

Director, since 17-02-2025

Auditor,

100%score equity €46.8m (2025) · annual accounts 2025

Shares in 1 company,

Board & ownership

Recent changes

25-09-2026

Resignation: (director) General meeting of 10-09-2026 · Gazette deed

16-02-2026

New gecoöpteerd gedelegeerd bestuurder ad interim appointed, resigned · General meeting of 16-12-2025 · Gazette deed

30-12-2025

Registered office moved to Ostend New registered office: Slijkensesteenweg 3A, 8400 Oostende · Board meeting of 21-10-2025 · Gazette deed

11-04-2025

5 directors appointed, 4 resignations, 1 statutory auditor reappointed Resignations: , , and · Appointments: , , , and · Reappointment: (statutory auditor) · General meeting of 17-02-2025 · Gazette deed

All 45 events

Comparable companies

same main activity, similar in size and age

Company
MultiTech Ostend	€4.6m	6.9%	82.4%	15.8
Ieder zijn Woning - Logement pour Tous Molenbeek-Saint-Jean	€7.5m	0.1%	25.4%	23.8
VAN ROEY SERVICES Rijkevorsel	€4.5m	4.3%	16.6%	14
GANDA Destelbergen	€2.5m	-3.7%	9.9%	9.5
PRICE & QUALITY FINANCIAL SERVICES Zwevegem	-	-	12.6%	8.4
POORT VAN BEVEREN MAINTENANCE Antwerp	€6.3m	0.4%	14.0%	5.9
E.B.A Sprimont	€10.1m	4.5%	6.4%	32.4

Grey: the largest companies of the sector (building services and landscaping (NACE 81)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as MultiTech: combined facilities support activities (NACE 81100). They are comparable in size and age: total assets between €1.9m and €13m, founded between 1996 and 2011.

Official details

Source: KBO

Status: Active since 02-12-1997Normal situation
Activity: Combined facilities support activitiesNACE 81100and 1 other
Joint committees: 111Metal, mechanical and electrical engineering
: 209White-collar workers in metal manufacturing · annual accounts 2025
Establishment unit: 2.103.133.9078400 Ostend, since 09-12-1998
Financial year end: 31 December
Peppol: Reachable since 02-01-2025

Company details

Annual accounts 2025

: €4.6m▲ 20.8%
: €258,289▲ 65.5%
: €3.0m▲ 9.6%
: €3.6m▲ 10.6%
Employeeson 31-12-2025: 16▲ 23.1%
Filing: Filed on 11-06-2026, 50 days before the end of the filing period

Financials

Companies linked to MultiTech

Parent and group

Insights on MultiTech

MultiTech has existed since 1997. The present size dates from 2023. Turnover rose that year from €1.5m to €3.4m.

Turnover has grown every year since.

holds all the shares. In April 2025, four directors stepped down. In February 2026, the Official Gazette published the appointment of as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

Board & ownership

Board

3 directors, 1 in day-to-day management, 1 auditor, last change in September 2026

Director

since 17-02-2025 term until 17-02-2031

listed in the 2025 annual accounts, filed on 11-06-2026

Director

since 17-02-2025 term until 17-02-2031

listed in the 2025 annual accounts, filed on 11-06-2026

Director

since 17-02-2025 term until 17-02-2031

also on the board of 2 other companies

listed in the 2025 annual accounts, filed on 11-06-2026

Gecoöpteerd gedelegeerd bestuurder ad interim

appointed by deed of 16-02-2026

also on the board of 7 other companies

Statutory auditor, permanent representative

current term since 17-05-2022 term until 16-05-2028

listed in the 2025 annual accounts, filed on 11-06-2026

Office holders in the KBO →

Mandates through the years

13 names, the dashed line is today

All 13 In office 5 Ended 8

Director

Gecoöpteerd gedelegeerd bestuurder ad interim

Statutory auditor

Director

Managing director

Director

Vice-chair

Managing director

LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated

Mandates as a list

- Director, since before 31-12-2024
- Director, since before 31-12-2024
- Director, since before 31-12-2024
- Gecoöpteerd gedelegeerd bestuurder ad interim, appointed by deed of 16-02-2026, still in office
- Statutory auditor, appointed by deed of 23-11-2017, still in office
- Director, from before 31-12-2024 to 01-09-2026
- Director, from 15-05-2018, ended, last mentioned on 11-04-2025
- Managing director, appointed by deed of 14-06-2018, until 29-09-2025
- Director, from 21-05-2019 to 11-04-2025
- Director, from 21-05-2019 to 11-04-2025
- Director, from 21-05-2019 to 11-04-2025
- Director, from 21-05-2019 to 11-04-2025
- Vice-chair, appointed by deed of 23-11-2017, no longer listed in the 2025 annual accounts
- Managing director, until 23-11-2017

See the board, name and registered office on a given date →

Control

Parent

Equity €46.8m

Profit €1.7m in 2025 (profit €2.3m in 2024)

Checked score

Source: own accounts 2025

100%

This company

MultiTech

Equity €3.0m

Profit €258,289 in 2025

Further up the chain 100%

Capital

Capital: €500,000
Shares: 8,100 in the 2025 annual accounts
Contribution per share: €61.73
Equity per share: €365 in 2025
Source: deed of 09-01-2025

Owners through the years

as the annual accounts name them

99.99%100%

100%

0.01% until 2023

Owners as a list

Source: shareholder structure in its own accounts

Articles of association

deed of 09-01-2025 (in Dutch)

Duration: Unlimited
Board rule: At most 18 directors
Annual meeting: Third Tuesday of May at 14:00
Dissolution rule: “Artikel 4:Duur, besluit algemene vergadering die beraadslaagt zoals inzake statutenwijziging”

Network & group

Group

has 4 holdings (2025 accounts), the bar shows equity in euros

Parent4 holdings, 1 country 2025 accounts

Belgium 4 Year Equity Result

BE MultiTech 2025€3.0m result €258,289 (2025)
BE 25% 2025€5.4m result -€169,762 (2025)
BE no longer active 2026€3.2m result €27,384 (2026)
BE no longer active 2026€1.8m result €140,812 (2026)

Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.

At the same address

Slijkensesteenweg 3A, 8400 Ostend · 2 other companies

Haven Oostende registered office since 01-01-1997 · founded in 1997	44 FTE (2025) 0259.978.212
Ostend Stevedoring Services Company registered office since 09-05-2023 · founded in 2023	1 FTE (2025) 0801.603.347

Earlier ties

via , no longer at · Director · deed of 17-01-2011 founded in 2010 · negative equity (2025)	6 FTE (2025)
via , no longer at · Permanent representative founded in 1929	10,219 FTE (2025)
via , at MultiTech until 2025 · Director · deed of 27-06-2017 founded in 1946	125 FTE (2025)
via , no longer at · Director · deed of 17-06-2010 founded in 1968	68 FTE (2025)
via , no longer at · Director · deed of 02-05-2005 founded in 1937	total assets €32.6m (2025)
via , at MultiTech until 2025 · Director · deed of 14-06-2017 founded in 2006	31 FTE (2025)

Show 9 more earlier ties

via , no longer at · Stemgerechtigd lid · deed of 26-03-2013 founded in 2010	30 FTE (2025)
via , no longer at · Director · deed of 12-04-2011 founded in 2011	9.2 FTE (2025)
via , at MultiTech until 2017 · Director · deed of 22-07-2026 founded in 2015	16 FTE (2025)
via , no longer at · Director · deed of 21-05-2015 founded in 2011	4.8 FTE (2025)
via , at MultiTech until 2025 · Director · deed of 19-07-2021 founded in 2003	2 FTE (2025)
via , no longer at · Director · deed of 09-11-2011 founded in 1947	47 FTE (2025)
via , at MultiTech until 2025 · Director general · deed of 03-04-2020 founded in 2007	15 FTE (2025)
via , at MultiTech until 2025 · Manager · deed of 20-11-2017 founded in 2009	total assets €1.2m (2025)
via , at MultiTech until 2025 · Director · deed of 08-01-2020 No longer active

Holdings and subsidiaries

1 holding

Equity €1.8m Profit of €140,812 in 2026 (profit of €114,676 in 2025)
Sourcedeed 18-05-2017

share not stated

Holdings through the years 2009 to 2011

Holdings through the years
Name	2009	2010	2011
2009 to 2011: 55.87%	55.87%
2009: 11.2%	11.2%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate

Board mandates of MultiTechMultiTech sits on their board1

Director

No longer active · founded in 1999 · total assets €5.8m (2026)

Connections & network

5 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

via and · deeds of 06-03-2026 and 15-04-2025

Founded in 2023 · 1 FTE (2025)

via · Director · deed of 30-01-2026

Founded in 2018 · total assets €5.5m (2025)

via · Director · deed of 26-02-2025

Founded in 2025

via and · deeds of 13-02-2026 and 14-04-2025

No longer active · founded in 2010 · turnover €460,330 (2026)

Show 1 more company with a shared director

via · Permanent representative · deed of 06-12-2023

No longer active · total assets €114,829 (2023)

Timeline

45 events since 1997

Board

Capital

Filings

Financial

Permits

Establishments

Address

200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

25-09-2026

Resignation: (director)General meeting of 10-09-20262 points ▸

General meeting, 10-09-2026
Director resignation,

Open the deed in the Belgian Official Gazette

11-06-2026

Annual accounts 2025 filed NBBfull format · 50 days before the deadline

16-02-2026

New gecoöpteerd gedelegeerd bestuurder ad interim appointed, resigned · General meeting of 16-12-20254 points ▸

General meeting, 16-12-2025
Board meeting, 16-12-2025
Director resignation, (managing director)
Director appointment, (gecoöpteerd gedelegeerd bestuurder ad interim)

Open the deed in the Belgian Official Gazette

2025

30-12-2025

Registered office moved to OstendNew registered office: Slijkensesteenweg 3A, 8400 Oostende · Board meeting of 21-10-20252 points ▸

Board meeting, 21-10-2025
Registered-office move, Slijkensesteenweg 3A, 8400 Oostende
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

23-05-2025

Annual accounts 2024 filed PDFfull format · 69 days before the deadline

11-04-2025

5 directors appointed, 4 resignations, 1 statutory auditor reappointedResignations: , , and · Appointments: , , , and · Reappointment: (statutory auditor) · General meeting of 17-02-202511 points ▸

General meeting, 17-02-2025
Director resignation,
Director resignation,
Director resignation,
Director resignation,
Director appointment,
Director appointment,
Director appointment,
Director appointment,
Director appointment,
Auditor reappointment, (statutory auditor)

Open the deed in the Belgian Official Gazette

09-01-2025

Amendment of the articlesCapital of €500,000, 8,100 shares · General meeting of 20-12-20244 points ▸

General meeting, 20-12-2024
Capital, €500,000, 8,100 shares
Registered office clause, Slijkensesteenweg 2, 8400 Oostende
Power of attorney,
The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

02-01-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0462024262

2024

13-06-2024

Annual accounts 2023 filed PDFfull format · 48 days before the deadline

2023

09-06-2023

Reappointment: (statutory auditor)General meeting of 17-05-20222 points ▸

General meeting, 17-05-2022
Auditor reappointment, (statutory auditor)

Open the deed in the Belgian Official Gazette

25-05-2023

Annual accounts 2022 filed PDFfull format · 67 days before the deadline

2022

31-12-2022

Liquidity more than doubled current ratio 13.52 The current ratio rises from 6.42 to 13.52. Short-term debt falls from €366,014 to €191,253.

14-06-2022

Annual accounts 2021 filed PDFfull format · 47 days before the deadline

2021

26-05-2021

Annual accounts 2020 filed PDFfull format · 66 days before the deadline

2020

18-09-2020

Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Oostende

17-06-2020

Annual accounts 2019 filed PDFfull format · 44 days before the deadline

2019

02-08-2019

Environmental permit granted OmgevingsloketNieuwbouw of aanleggen · Oostende

01-08-2019

Reappointment: (managing director)General meeting of 01-07-20198 points ▸

General meeting, 21-05-2019
General meeting, 01-07-2019
Board composition, (director)
Board composition, (director)
Board composition, (director)
Board composition, (director)
Board composition, (director)
Director reappointment, (managing director)
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

13-06-2019

Annual accounts 2018 filed PDFfull format · 48 days before the deadline

2018

14-06-2018

Appointment: (managing director)General meeting of 15-05-20182 points ▸

General meeting, 15-05-2018
Director appointment, (managing director)

Open the deed in the Belgian Official Gazette

11-06-2018

Annual accounts 2017 filed PDFfull format · 50 days before the deadline

2017

31-12-2017

Highest result from 2009 to 2025 net €474,071 ▲2,585% The operating result of €473,832 and the net result of €474,071 are both a record.

31-12-2017

Liquidity more than doubled current ratio 7.13 The current ratio rises from 2.75 to 7.13. Short-term debt falls from €448,736 to €232,263.

23-11-2017

1 director appointed, 1 resignation, 1 statutory auditor reappointedReappointment: (statutory auditor) · Appointment: (vice-chair) · Resignation: (managing director) · General meeting of 18-10-201711 points ▸

General meeting, 18-10-2017
Board composition, (director and executive)
Board composition, (director and executive)
Board composition, (director and executive)
Board composition, (director and executive)
Board composition, (chair)
Board composition, (director)
Auditor reappointment, (statutory auditor)
Board meeting, 18-10-2017
Director appointment, (vice-chair)
Director resignation, (managing director)
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

12-06-2017

Annual accounts 2016 filed PDFfull format · 49 days before the deadline

2016

30-06-2016

Annual accounts 2015 filed PDFfull format · 31 days before the deadline

2015

31-12-2015

Weakest financial year net €2,297 ▼98.9% The net result drops to €2,297, the lowest from 2009 to 2025. It recovers the following year.

18-06-2015

Annual accounts 2014 filed PDFfull format · 43 days before the deadline

2014

26-06-2014

Annual accounts 2013 filed PDFfull format · 35 days before the deadline

2013

27-06-2013

Annual accounts 2012 filed PDFfull format · 34 days before the deadline

2012

27-06-2012

Annual accounts 2011 filed PDFfull format · 34 days before the deadline

2011

09-08-2011

Annual accounts 2010 filed PDFfull format · 9 days late

2010

18-06-2010

Annual accounts 2009 filed PDFfull format · 43 days before the deadline

2009

26-06-2009

Annual accounts 2008 filed PDFfull format · 35 days before the deadline

2008

03-07-2008

Annual accounts 2007 filed PDFfull format · 28 days before the deadline

2007

12-07-2007

Annual accounts 2006 filed PDFfull format · 19 days before the deadline

2006

18-07-2006

Annual accounts 2005 filed PDFfull format

2005

08-07-2005

Annual accounts 2004 filed PDFfull format

2003

30-06-2003

Annual accounts 2002 filed PDFfull format

2002

24-06-2002

Annual accounts 2001 filed PDFfull format

2001

28-06-2001

Annual accounts 2000 filed PDFfull format

2000

26-06-2000

Annual accounts 1999 filed PDFfull format

1999

30-06-1999

Annual accounts 1998 filed PDFfull format

1998

09-12-1998

First establishment Esplanadestraat z/n, Ostend

1997

02-12-1997

Incorporation published on 12-12-1997

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 2 December 1997, MultiTech was incorporated.¹ In 2025 the registered office moved to Ostend.² Turnover went from €1.2m in 2018 to €4.6m in 2025 and headcount from 5 to 15.8 full-time equivalents.³

Company details

Identity

Enterprise number: 0462.024.262
VAT number: BE 0462.024.262
Peppol ID: 0208:0462024262
Legal form: Public limited company
Status: Active, normal situation
Founded: 02-12-1997
Financial year: ends on 31 December
Annual meeting: Third Tuesday of May at 14:00
deed of 09-01-2025 (in Dutch)
Peppol: Reachable since 02-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: MultiTech in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 09-01-2025 (in Dutch)
Registered office clause: “Vlaams Gewest”
deed of 09-01-2025 (in Dutch)

Activities

NACEBEL 2025

VAT activities

81100 Combined facilities support activities main activity

Social security (RSZ) activities

25510 Coating of metals main activity

Joint committees annual accounts 2025

JC 111 Metal, mechanical and electrical engineering

JC 209 White-collar workers in metal manufacturing

Codes under NACEBEL 2008

VAT activities

81100 Combined facilities support activities main activity

Social security (RSZ) activities

25610 Manufacture of fabricated metal products, except machinery and equipment main activity

Codes under NACEBEL 2003

70322 main activity

Purpose: “Werkzaamheden verrichten in eigen werkplaatsen,in eigendom of gehuurd,of ter beschikking gesteld,in werkplaatsen van opdrachtgevers of op…”
8 activities
Werkzaamheden verrichten in eigen werkplaatsen,in eigendom of gehuurd,of ter beschikking gesteld,in werkplaatsen van opdrachtgevers of op plaatsen door opdrachtgevers toegewezen,al of niet gebruik makend van mobiele werkplaatsen
Personeel selecteren,aanwerven,opleiden en trainen van de eigen vennootschap als van derden
Het uitoefenen van het bestuur,de ontwikkeling,de exploitatie,het onderhoud en de commercialisering van industriegronden via verhuur,concessie of verkoop,zowel deze die aan de vennootschap in eigendom toebehoren of dit in de toekomst zullen zijn,als degene die haar in concessie werden gegeven of zullen worden,en aanhorigheden
Onverminderd de wettelijke bevoegdheden van andere overheden beheert de naamloze vennootschap de industriegronden waarvan ze eigenares is en wordt,evenals deze die ze in beheer of in concessie heeft of zal verwerven
Het uitoefenen,zowel rechtstreeks als onrechtstreeks,voor eigen rekening als voor rekening van derden,van algemene onderhouds- en constructiewerkzaamheden,in het bijzonder
Waterbouwkundige werken,bijzondere en diverse grondwerken,leggen van kabels en diverse leidingen,aanleg en onderhoud van diverse terreinen,thermische en geluidsinstallatie,timmer- en schrijnwerk alsook metalen schrijnwerk,schilder- en behangwerken,metaalconstructies,industriële pijpleidingen en kanalisaties,diverse vormen van oppervlaktebehandeling als daar zijn chemische oppervlaktebehandeling als ontvetten,beitsen,ontlakken,passiveren en andere gelijkaardige behandelingen,mechanische oppervlaktebehandeling als schilderen,verfspuiten,ontroesten
Gebruik van diverse straaltechnieken,metalliseren en andere gelijkaardige behandelingen,centrale verwarming,sanitair en lood- en zinkwerk,elektrotechnische installaties,speciale installaties en diverse werkzaamheden
Nieuwe technieken voor zuinig en duurzaam energieverbruik op te volgen,toe te passen en aan te bieden,inclusief het aanbieden en uitvoeren van energiescans en-audits zowel in de private woningmarkt als voor industriële vestigingen en uitbatingen allerhande
deed of 09-01-2025 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Slijkensesteenweg 3A registered office 8400 Ostend
Esplanadestraat z/n 8400 Ostend 25110 Manufacture of metal structures and parts of structures	09-12-1998	2.103.133.907

Buildings and parcels at the address

Ground area: 792 m²
Buildings: 792 m²
Volume, LiDAR: 7,602 m³
Tallest building: 12.0 m

Buildings to scale, each on its own parcel

Environmental permits

3 applications in Flanders since 2019 · 2 granted

18-09-2020	Granted	Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 14-05-2020 · project 2020054383	Oostende
02-08-2019	Granted	Nieuwbouw of aanleggen submitted 18-04-2019 · project 2019051916	Oostende
17-04-2019	Discontinued	Nieuwbouw of aanleggen submitted 28-03-2019 · project 2018128848	Oostende

Source: Omgevingsloket Vlaanderen.

registered office establishment approximate The establishment unit on the map

3 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
35382D0856/00_000 ProtectedMonumentStapelhuis: gevels en bedakingenSource ↗	792 m²	1 · 792 m²	12.0 m · 3

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

Recognitions

Recognised contractor

1 category

MultiTech NVapproval number 46040

F3 Industrial paintingclass 3, up to €600,000

decision 31-03-2026

Overview

Lifetime

Key points

Equity

Result

Investments

Staff

Payment terms

Filings

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Companies linked to MultiTech

Parent and group

Insights on MultiTech

Financials

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

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Network & group

Group

Belgium 4 Year Equity Result

At the same address

Earlier ties

Holdings and subsidiaries

Holdings 1

Board mandates elsewhere

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Environmental permits

Location

Parcels

Recognitions

Recognised contractor

in €m

in euro

82.4%

4.87

7.2%

€47,620

+3 people