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MULTITEL

Active Non-profit associationfounded 1999active for 26 yearsRue Pierre et Marie Curie 2, 7000 MonsKBO/BCE: BE 0470.813.848 #4 employer in Hainaut, Research and development sector
MULTITEL
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Overview

Lifetime

18 annual accounts with figures on one time axis, 20 filings since 2006
peak €3.8m (2023)
€2.8m▼ 25.2%
lowest -€132,219 (2025)
-€132,219▼ €324,346
peak €5.0m (2022)
€3.6m▼ 13.8%
€3.7m▼ 70.3%
peak 85.6 FTE (2025)
85.6 FTE▲ 9.3%
Board33 names since 2018all names
15 directorsAnthony VAN PUTTE and 14 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Turnover from €3.7m to €2.8mLoss of €132,219Staff from 78.3 FTE to 85.6 FTE5 directors appointed, 5 resignations 10-07Amendment of the articles 20-06Equity from €4.2m to €3.6m

Key points

from the 2025 annual accounts

Result

-€132,219 -€132,219
€192,0002024-€132,0002025

From profit to loss in 2025, after a profit of €192,127 in 2024.

Staff

94 employees on 31-12-2025
14720211113202218920233424202425162025

In 2025, 25 people joined and 16 left.

Payment terms

95 days to suppliers
Suppliers
72 to 95
Customers
861 to 378

MULTITEL pays its suppliers 23 days later than in 2024. Customers pay 483 days earlier.

Filings

20 annual accounts since 2006
AprilJune31 JulyOctober2010201520202025

The last five annual accounts were filed 13 to 32 days before the end of the period.

Board

2 joined · 1 left

Board changed. Latest change 18-09-2026 · 17 in office.

Public contracts

20 awards

Public contracts awarded. To 10 suppliers, 2019 to 2025.

Checked score

94
Excellent
Financially stronger than 54% of medium-sized companies in research and development (NACE 72)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48 companies (NACE 72, medium-sized).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

74+24equity 49.5% of total assets
51+11short-term debt 37.2% · cash 14.8%
78-2return on assets -1.8%

Score breakdown

raises risk
Loss of €132,219 (financial year 2025)
lowers risk
Legal form: non-profit association
Liquidity: current ratio 1.49, cash €1.1m, halved
Equity €3.6m (49.5% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, medium-sized). It does better than 55% of them on solvency, 64% on liquidity, 72% on profitability and 24% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 830 companies had the same profile as MULTITEL has now. Each dot stands for 3 companies, two years later.

96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a small loss

That fits the bankruptcy probability of MULTITEL itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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 3.0% 3.1%
10 5.6% 6.2%

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 830 companies, not a prediction for MULTITEL. 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 of up to €270,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.49 (1.11 in 2024), below the usual 1.5. Short-term debt is 37.2% and cash 14.8% of total assets. 50.5% of the assets are financed with debt and provisions.

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

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 1.49, cash €1.1m, halved
NBB · annual accounts
raises risk · Loss of €132,219 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €3.6m (49.5% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
16 days early
2023
13 days early
2022
31 days early
2021
31 days early
2020
3 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AV
Alexandre VANDERMEERCH
General manager
EP
E. POURBAIX
Director
JQ
JJ. QUISQUATER
Director
SD
S. DEMOULIN
Director
JS
J. SAUSSEZ
Director
CA
Céline ARNAUD
Auditor
and 13 othersBoard & ownership

Recent changes

2 directors appointed, 2 resignations Appointments: Olivier DESENFANS and Frédéric LENOBLE · Resignations: SAUSSEZ and Jacques VERLY · General meeting of 18-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470813848
5 directors appointed, 5 resignations Appointments: Bernard GOSSELIN (co président représentant du monde académique), J.HENDRICKX, T.DI PIETRO, G.COIRBAY and Jonathan PISANE (co présidence à titre industriel) · Resignations: S.BOUCHER, B.MACQ, F.BRION, P.VAN HELLEPUTTE and J-J.QUISQUATER · Withdrawals: S.BOUCHER, J.HANCQ, J-J.QUISQUATER and F.BRION · Board meeting of 27-02-2025 · Gazette deed
Amendment of the articles Admission: Université catholique de Louvain (full member) · Founder: Faculté polytechnique de Mons (founding member) · Founder: I.D.E.A. Hennuyère (founding member) · General meeting of 27-02-2025 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company
MULTITEL Mons €2.8m -18.1% 49.5% 85.6
Proefcentrum Fruitteelt Sint-Truiden €3.1m 0.6% 80.2% 92.4
CENTRE DE RECHERCHE EN AERONAUTIQUE Charleroi €3.2m 14.0% 35.6% 72.1
MATERIA NOVA Mons €2.6m 14.8% 18.4% 75.4
CENTRE D'EXCELLENCE EN TECHNOLOGIES DE L'INFORMATION ET DE LA COMMUNICATION Charleroi €0.7m -77.7% 38.0% 55.2
EURACTIV MEDIA Brussels €5.3m - -469.7% 72.7
PAREXEL BELGIUM Wavre €13.1m 4.8% 63.8% 63.1
-10%0%10%20%€5,000€50,000€500,000€5m€50m€500mMULTITELEBIT margin

Grey: the largest companies of the sector (research and development (NACE 72)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as MULTITEL: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €2.4m and €32m, founded between 1996 and 2005.

Official details

Source: KBO
Status
Active since 29-12-1999Normal situation
Activity
Other research and development on natural sciencesNACE 72109
Joint committee
335Services and support for business and the self-employed · annual accounts 2025
Establishment units
2.155.208.6537000 Mons, since 29-12-1999
2.309.853.7737000 Mons, since 01-07-2012and 4 others
Financial year end
31 December
Peppol
Reachable since 29-01-2026
Company details

Annual accounts 2025

€2.8m▼ 25.2%
€11.3m▲ 13.0%
€132,219
€3.6m▼ 13.8%
€7.3m▼ 55.8%
Employeeson 31-12-2025
94▲ 10.6%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on MULTITEL

MULTITEL has existed since 1999. Turnover grew from €1.3m in 2008 to €2.8m in 2025 and staff from 65.5 to 85.6 full-time equivalents.

Solvency rose in 2025 from 25.4% to 49.5% because of lower debts.

In 2023, four directors stepped down.

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

Financials

Annual accounts 2025

abbreviated format, filed on 29-06-2026, 32 days before the deadline
€11.3m
▲ 13.0%
-€497,687
▼ €234,527
€862,727
▲ 1.1%
€1.2m
▼ 6.1%
49.5%
▲ 24.1 percentage points
1.49
▲ 0.38
In the rankings #4 employer in Hainaut, Research and development sector#9 company by staff growth in Hainaut, Professional and technical services sector

Money flows

turnover is 23.2% of income in 2025

Balance sheet

balance sheet total €7.3m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

49.5%

Higher than 53% of 271 companies in 2025.

1.49

Higher than 43% of 261 companies in 2025.

-1.8%

Higher than 42% of 265 companies in 2025.

MULTITEL Middle half of the sector 80% of the sector Abbreviated accounts in research and development (NACE 72)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

Men and women23% women

65.7 men and 19.9 women in full-time equivalents in 2025.

€95,064

Men €96,685, women €89,713 per full-time equivalent. Jobs differ, so this is not a pay gap.

+9 people

people who joined people who left

In 2025, 25 people joined and 16 left. Training hours in 2025: 2,531.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 7.3m16.5m17.5m17.9m17.6m13.3m11.7m11.6m12.5m12.6m12.9m15.3m13.0m12.6m8.5m8.2m8.2m7.5m
21/28 3.3m4.1m4.3m5.0m3.7m3.6m3.9m4.5m4.8m5.3m5.1m4.0m2.8m3.1m2.7m2.9m3.3m3.7m
21 4,6918,23712,60617,12715,21136,112165,948293,857399,322432,596--------
22/27 3.1m3.8m4.0m4.6m3.5m3.4m3.5m4.0m4.3m4.8m5.1m4.0m2.8m3.0m2.6m2.8m3.3m3.7m
22 2.2m2.7m3.3m3.9m2.6m2.8m3.1m3.4m3.7m4.0m1.8m2.0m2.2m2.3m2.5m2.7m2.8m3.0m
23 95,195186,369153,920187,538189,97179,147121,075186,048190,267340,095300,398103,811112,797141,56227,81722,472329,267602,885
24 786,086916,419519,660446,192448,970495,747292,797385,157375,741463,586490,156362,065503,165530,32290,221120,972109,17262,218
26 -023,1159,4530-------------
27 ----255,405----02.4m1.5m------
28 202,277253,449320,745361,551205,690174,350174,350205,702155,600118,96561,58661,58620975,20975,20975,20975,52675,526
280/1 148,691199,863266,950332,755148,691173,691173,691173,691154,94161,37761,37761,377-75,00075,00075,00075,00075,000
280 148,691148,691148,691148,691148,691173,691173,691173,691154,94161,37761,37761,377-75,00075,00075,00075,00075,000
281 051,172118,259184,064--------------
284/8 53,58653,58653,79528,79556,99965965932,01165957,588209209209209209209526526
284 25,00025,00025,00025,00025,000-------------
285/8 28,58628,58628,7953,79531,99965965932,01165957,588209209209209209209526526
29/58 4.0m12.5m13.1m12.9m14.0m9.7m7.8m7.1m7.7m7.3m7.8m11.3m10.2m9.5m5.8m5.4m4.8m3.8m
29 ----248,613311,928374,034----26,400------
291 ----248,613311,928374,034----26,400------
3 00-235,284393,316224,053199,720-----------
30/36 ---235,284393,316224,053199,720-----------
34 ---235,284393,316224,053199,720-----------
40/41 2.9m8.9m7.4m6.9m7.2m6.0m6.1m6.1m7.6m6.5m6.9m8.9m7.2m5.7m1.9m4.0m3.9m3.0m
40 2.9m8.7m7.1m6.4m6.9m5.9m5.7m5.9m7.3m6.2m6.4m8.6m7.0m5.6m1.8m2.3m1.4m1.4m
41 55,923204,640221,523500,838286,369101,471387,774197,392224,142234,317471,548250,759181,08842,680119,2291.7m2.5m1.6m
50/53 -----------20,725------
54/58 1.1m3.5m5.7m5.8m6.1m3.1m1.1m1.0m113,681719,323813,1362.4m2.9m3.7m3.8m1.3m936,603818,018
490/1 49,66568,57769,45147,42221,07948,82753,49932,61828,62887,84573,35654,166100,482132,80265,309103,7647,5588,693
Balance sheet: equity and liabilities
10/49 7.3m16.5m17.5m17.9m17.6m13.3m11.7m11.6m12.5m12.6m12.9m15.3m13.0m12.6m8.5m8.2m8.2m7.5m
10/15 3.6m4.2m4.5m5.0m4.2m4.1m3.8m4.1m4.4m4.6m4.9m3.6m2.7m2.9m3.0m3.1m3.5m3.9m
14 1.9m2.0m1.8m1.7m1.7m1.6m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.0m1.0m1.0m1.0m1.0m
15 1.7m2.2m2.7m3.2m2.4m2.5m2.8m3.0m3.3m3.6m3.8m2.6m1.7m1.8m1.9m2.1m2.5m2.9m
16 27,000------42,824264,646264,646264,646264,646264,646264,646229,646480,424480,424827,206
160/5 27,000------42,824264,646264,646264,646264,646264,646264,646229,646480,424480,424827,206
163 27,000-----------------
164/5 -------42,824264,646264,646264,646264,646264,646264,646229,646480,424480,424827,206
17/49 3.7m12.3m13.0m12.9m13.5m9.3m7.9m7.5m7.9m7.7m7.7m11.4m10.0m9.5m5.3m4.6m4.2m2.8m
17 854,3031.0m890,9471.0m871,313499,666623,667421,819536,267654,121673,908433,021581,354664,072510,263607,802672,043680,285
170/4 854,3031.0m890,9471.0m871,313499,666623,667421,819536,267654,121673,908433,021581,354664,072510,263607,802672,043680,285
173 854,3031.0m890,9471.0m871,313499,666623,667407,121459,570515,423473,211170,323256,656277,37561,56597,10499,34545,588
174 -------14,69876,698138,698200,698262,698324,698386,698448,698510,698572,698634,698
42/48 2.7m11.3m12.0m11.9m12.6m8.7m7.2m7.1m7.4m7.1m7.1m10.9m9.3m8.8m4.7m4.0m3.4m2.1m
42 300,206341,321209,110235,739192,312281,693377,463374,623410,747439,358410,573159,437180,165164,11397,538110,885103,08183,204
43 129,897130,254130,2381.1m1.3m1.0m1.2m2.6m2.4m2.6m3.3m1.9m1.0m1.0m1.0m1.5m1.5m1.0m
430/8 129,897130,254130,2381.1m1.3m1.0m1.2m2.6m2.4m2.6m3.3m1.9m1.0m1.0m1.0m1.5m1.5m-
439 -----------------1.0m
44 553,106431,143345,963621,144504,17472,176578,478161,179181,361720,310345,61376,86045,233252,694280,497772,28427,752163,134
440/4 553,106431,143345,963621,144504,17472,176578,478161,179181,361720,310345,61376,86045,233252,694280,497772,28427,752163,134
46 300,2089.3m10.4m9.1m9.2m6.3m4.2m3.3m3.7m2.5m2.3m7.4m6.3m5.5m-136,338280,328320,043
45 1.2m989,852942,649850,163716,565693,997494,758668,188716,893752,116675,183657,872600,427556,600544,703583,339616,829469,740
450/3 109,49672,41682,51144,96443,736124,98431,099107,12671,95340,57636,72132,55231,571106,050103,675105,228168,57475,938
454/9 1.1m917,436860,138805,199672,830569,012463,659561,062644,940711,540638,463625,321568,857450,550441,029478,111448,255393,803
47/48 230,455104,193-2,508666,061-------------
492/3 93,7317,90121,97825,32025,91325,092--4761,8846,88251,63429,57131,71231,12728,34053,50121,086
Income statement
70/76A 11.3m10.0m9.7m8.4m7.5m6.4m6.1m6.0m7.4m8.2m9.7m7.0m6.7m6.1m6.0m5.6m4.5m5.1m
70 2.8m3.7m3.8m3.7m3.0m2.4m2.3m2.6m3.1m3.1m3.2m1.9m2.2m1.9m1.9m1.5m1.3m1.3m
72 ---------538,146--------
74 8.5m6.2m5.9m4.7m4.4m-------------
76A 42,36691,56518,23629,6759,38227,312141,091--12,05613,2224,28160,00069,098-48-
60/66A 11.8m10.2m10.1m8.6m7.5m6.1m6.3m6.2m7.6m8.4m9.7m7.1m6.8m6.3m6.1m6.0m4.8m5.4m
60 661,34982,132390,843439,492259,882177,316134,615216,840276,859331,886418,45261,225455,7561,890309,456--15,249
600/8 661,34982,132155,559281,461429,144201,650334,335216,840276,859331,886418,45261,225455,7561,890309,456--15,249
609 -0235,284158,031-169,262-24,333-199,720-----------
61 1.5m2.1m2.1m2.1m1.6m849,0361.3m994,5841.1m1.3m2.0m1.3m1.3m1.3m1.3m1.3m1.0m1.0m
62 8.1m6.8m5.7m5.0m4.8m4.1m4.0m4.3m5.4m5.9m5.3m5.0m4.4m4.3m4.1m3.7m3.5m4.0m
630 1.4m1.1m1.8m791,467683,621800,762817,259790,153765,564850,2051.9m623,362604,807539,772618,246962,702592,312790,555
631/4 -15,0009,071-100,80452,523-39,6907,2607,260--2,946-2,946------
640/8 154,128163,431172,179106,983110,390129,506110,087102,638102,85086,20172,80464,04469,16168,58753,72556,39751,65249,937
66A 1,50421,35619,9035,093-31531,50175-12,57548354105,3742,50283-
9901 -497,687-263,160-372,178-165,95363273,552-219,783-191,850-181,741-210,375-62,974-93,283-90,050-158,732-41,357-360,043-309,171-300,177
75/76B 457,351551,164528,452304,326261,666261,467261,562261,948272,850292,818141,436145,442156,108160,048152,427436,565431,263442,194
75 457,351551,164528,452304,326261,666261,467261,562261,948272,850292,818141,436145,442156,108160,048152,427436,565431,263442,194
751 2,03431,8719,766---048111,38202875,96116,87120,77913,1916,7121,36112,357
752/9 455,317519,293518,686304,326261,666261,467261,562261,467261,467292,818141,150139,480139,237139,269139,237429,853429,902429,837
65/66B 80,69876,09077,454115,83179,78551,57241,54564,35188,66880,34275,85554,43158,03758,54964,43967,86195,50270,886
65 80,69876,09077,454115,83179,78551,57241,54564,35188,66880,34275,85554,43158,03758,54964,43967,86195,50270,886
650 39,12235,61822,65726,97723,62323,51030,41650,88479,60871,98662,72350,81555,03354,41859,49663,91790,31668,380
652/9 41,57640,47254,79888,85456,16228,06211,12913,4679,0608,35613,1323,6153,0054,1314,9433,9445,1862,505
9903 -121,035211,91478,82022,542181,944483,4482345,7482,4412,1012,607-2,2728,021-57,23246,6318,66126,59071,131
67/77 11,18519,78711,7758,4618,1017,757------------
670/3 11,18519,78711,7758,4618,1017,757------------
77 -00---------------
9904 -132,219192,12767,04514,081173,843475,691955,3372,3662,1012,08810,46612,2972,76410,3556,15826,55571,131
9905 -132,219192,12767,04514,081173,843475,691955,3372,3662,1012,08810,46612,297-----
Appropriation of the result
9906 1.9m2.0m1.8m1.7m1.7m1.6m1.1m1.1m1.1m1.1m1.1m1.1m1.1m-----
14P 2.0m1.8m1.7m1.7m1.6m-------------
Social balance sheet
9087 85.678.364.860.161.45555.759.268.673.470.171.863.562.761.258.45665.5
Men (FTE)1003 65.758.648.947.447.140.640.944.153.958.656.657.752.251.1----
Women (FTE)1003 19.919.715.912.714.314.414.815.114.714.813.514.111.311.6----
Agency workers1501 00.50.22.71.8---0.4---0.10.1-1-1
Hours worked1013 129,593117,19492,06784,01184,73573,15477,35886,296102,412113,224106,969105,92493,32393,14190,68687,87483,055102,182
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 2 older financial years (2006-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 107 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.

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 abbreviated format 29-06-2026 2026-00227389 PDF
31-12-2024 abbreviated format 15-07-2025 2025-00282165 PDF
31-12-2023 abbreviated format 18-07-2024 2024-00261514 PDF
31-12-2022 abbreviated format 30-06-2023 2023-00189031 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20123191 PDF
31-12-2020 abbreviated format 28-07-2021 2021-42200558 PDF
31-12-2019 abbreviated format 24-07-2020 2020-33700093 PDF
31-12-2018 abbreviated format 26-07-2019 2019-38700004 PDF
31-12-2017 abbreviated format 29-06-2018 2018-27300457 PDF
31-12-2016 abbreviated format 20-07-2017 2017-35100245 PDF
31-12-2015 abbreviated format 09-08-2016 2016-41100057 PDF
31-12-2014 abbreviated format 30-07-2015 2015-36800207 PDF
31-12-2013 abbreviated format 04-07-2014 2014-26800017 PDF
31-12-2012 abbreviated format 04-07-2013 2013-26400507 PDF
31-12-2011 abbreviated format 27-07-2012 2012-34600490 PDF
31-12-2010 abbreviated format 29-06-2011 2011-23200595 PDF
31-12-2009 abbreviated format 24-08-2010 2010-45300380 PDF
31-12-2008 abbreviated format 28-07-2009 2009-49800370 PDF
31-12-2007 abbreviated format 10-07-2008 2008-38200247 PDF
31-12-2006 abbreviated format 22-08-2007 2007-57800343 PDF

Subsidies and aid

European Union 2021 to 2025, 14 entries, €4.0m in total

Horizon Europe
€2.3m
Digital Europe Programme
€1.7m
Connecting Europe Facility (CEF) - Transport
€16,004
Year Entries Awarded
2025 1 €0.06m
2023 5 €1.4m
2022 4 €2.3m
2021 4 €0.3m

European research 26 projects, 3 as coordinator, €11.3m EU contribution

Seventh Framework Programme
€4.5m
Horizon 2020
€3.7m
Horizon Europe
€3.1m

Projects

  • Video/Audio Networked surveillance system enhAncement through Human-cEntered adaptIve MonitoringSeventh Framework Programme, coordinator, 01-02-2010 to 30-09-2013, €893,330, VANAHEIM
  • Development of photonic multi-sensing systems based on molecular-gates biorecognition and plasmonic sensorsHorizon Europe, participant, 01-12-2022 to 31-05-2026, €757,344, PHOTONGATE
  • ULTRA-FAST CHEMICAL ANALYSIS IMAGING WITH RAMANHorizon Europe, participant, 01-01-2024 to 31-12-2027, €719,569, uCAIR
  • Advancing photonic sensor systems for a smarter and safer food and poultry futureHorizon Europe, participant, 01-09-2026 to 28-02-2030, €707,500, Sensor4Food
  • Electrical Steel Structuring, Insulating and Assembling by means of the Laser technologiesHorizon 2020, participant, 01-11-2017 to 31-07-2022, €704,455, ESSIAL
  • Multi-modal, configurable optical lab-on-chip platform for low-cost multipurpose diagnostics & monitoringHorizon Europe, participant, 01-01-2024 to 31-12-2027, €616,250, MultiLab
  • Multibeam Femtosecond Laser System for High Throughput Micro-drilling of HLFC StructuresHorizon 2020, participant, 01-01-2019 to 31-03-2023, €610,000, MULTIPOINT
  • LASER FOR MASS PRODUCTION OF FUNCTIONALISED METALLIC SURFACESHorizon 2020, participant, 01-10-2017 to 31-03-2021, €595,625, LASER4SURF
  • Components for Highly Advanced time-Resolved fluorescence MIcroscopy based on Nonlinear Glass fibresSeventh Framework Programme, coordinator, 01-09-2011 to 28-02-2015, €527,029, Charming
  • Label Free Nanoscopy Using Infra RedSeventh Framework Programme, participant, 01-04-2012 to 30-09-2015, €494,750, LANIR
  • Ultra-compact, low-cost plasmo-photonic bimodal multiplexing sensor platforms as part of a holistic solution for food quality monitoringHorizon 2020, participant, 01-01-2021 to 31-12-2024, €481,875, GRACED
  • Polymer Photonic multiparametric biochemical SENSor for Point of care diagnosticsSeventh Framework Programme, coordinator, 01-01-2010 to 31-12-2012, €478,400, P3SENS
  • Advanced Tools to assEss and mitigate the criticality of ICT compoNents and their dependencies over Critical InfrAstructuresHorizon 2020, participant, 01-05-2016 to 31-05-2019, €446,875, ATENA
  • Advanced Lasers for Photovoltaic INdustrial processing EnhancementSeventh Framework Programme, participant, 01-09-2009 to 31-08-2012, €444,078, ALPINE
  • Innovative Mid-infrared high Power source for resonant ablation of Organic based photovoltaic devicesSeventh Framework Programme, participant, 01-09-2010 to 28-02-2014, €425,125, IMPROV
  • Innovation driven Collaborative European Inland Waterways Transport NetworkHorizon 2020, participant, 01-05-2020 to 31-10-2023, €398,750, IW-NET
  • EnviGuard – Development of a biosensor technology for environmental monitoring and disease prevention in aquaculture ensuring food safetySeventh Framework Programme, participant, 01-12-2013 to 30-11-2018, €381,425, ENVIGUARD
  • Belgian AI Factory AntennaHorizon Europe, participant, 01-04-2026 to 31-03-2029, €335,000, BE-AIFA
  • Solutions for voice interaction towards natural crew assistantHorizon 2020, participant, 01-03-2018 to 29-02-2020, €310,000, VOICI
  • Laser equipment ASsessment for High impAct innovation in the manufactuRing European industrySeventh Framework Programme, participant, 01-09-2013 to 30-11-2018, €249,300, LASHARE
  • Cybersecurity on SCADA: risk prediction, analysis and reaction tools for Critical InfrastructuresSeventh Framework Programme, participant, 01-01-2012 to 31-12-2014, €184,143, CockpitCI
  • Open Architecture for Accessible Services Integration and StandardisationSeventh Framework Programme, participant, 01-01-2008 to 31-12-2011, €172,249, OASIS
  • Tool for sistemic risk analysis and secure mediation of data exchanged across linked CI information infrastructuresSeventh Framework Programme, participant, 01-09-2008 to 28-02-2011, €162,000, MICIE
  • Virtualisation of the testing environmentHorizon 2020, participant, 01-11-2016 to 31-12-2018, €128,375, VITE
  • Coordination action for enhancing the breakthrough of intelligent textile systems (e-textiles and wearable Microsystems)Seventh Framework Programme, participant, 01-05-2008 to 31-07-2011, €42,800, SYSTEX
  • Network for EXchange and PRototype Evaluation of photonicS componentS and Optical systemsSeventh Framework Programme, participant, 01-06-2010 to 28-02-2014, €25,466, Nexpresso
  • TEF-HEALTH - TESTING AND EXPERIMENTATION FACILITY FOR HEALTH AI AND ROBOTICSDigital Europe Programme, 01-01-2023 to 31-12-2027, €1.4m
  • BE-QCI - BELGIAN-QCIDigital Europe Programme, 01-01-2023 to 30-06-2025, €115,026
  • WALHUB - WALHUB, TO BOOST THE DIGITAL TRANSFORMATION OF MANUFACTURING COMPANIES AND THE ADOPTION OF KEY TECHNOLOGIES - I.E. AI, HPC, CYBERSECURITY AND IOT - IN THEIR INDUSTRIAL AND SUPPLY CHAIN PROCESSESDigital Europe Programme, 01-11-2022 to 31-10-2025, €108,754
  • EDIH WALLONIA : POWERING THE FUTURE OF BUSINESS WITH ARTIFICIAL INTELLIGENCE AND KEY TECHNOLOGIESDigital Europe Programme, 01-03-2026 to 28-02-2029, €61,796, EDIH 2 WallonIA
  • CONCORDAConnecting Europe Facility, Transport, 01-10-2017 to 30-06-2021, €16,004

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
862,727853,3041.5m625,514683,6841.1m597,475598,303583,823639,8301.9m530,079514,757381,040576,889602,658283,141490,378
1.2m1.3m1.9m805,548857,4651.3m817,354795,490767,929852,3061.9m633,828617,104542,536628,601968,860618,866861,686
634,368944,9951.3m1.9m688,690557,135260,942425,678310,2741.0m3.1m1.9m384,835925,134428,059503,224199,5001.3m
-2.4m-2.2m-60,163-341,2633.0m2.0m76,069892,038-605,641-93,813-1.5m-498,833-864,432-125,4182.6m314,313118,585-
1.3m1.2m1.1m1.1m1.4m953,236584,91486,081344,020203,301739,712377,431820,496732,8881.1m1.3m1.4m1.7m
-18.1%-7.1%-9.8%-4.5%0.0%11.4%-9.6%-7.3%-5.8%-6.8%-1.9%-5.0%-4.1%-8.3%-2.1%-23.8%-23.7%-22.9%
49.5%25.4%25.9%27.8%23.6%30.5%32.9%35.3%34.8%36.7%38.0%23.8%21.1%22.6%35.3%37.8%43.3%52.4%
1.491.111.091.091.111.111.081.011.051.031.101.031.091.081.231.341.411.85
1.491.111.091.071.081.081.051.011.051.031.101.031.091.081.231.341.411.85
1.012.942.872.603.232.282.041.821.811.671.573.143.653.331.761.491.170.70
-3.7%4.6%1.5%0.3%4.2%11.7%0.0%0.1%0.1%0.0%0.0%0.3%0.5%0.1%0.3%0.2%0.7%1.8%
-1.8%1.2%0.4%0.1%1.0%3.6%0.0%0.0%0.0%0.0%0.0%0.1%0.1%0.0%0.1%0.1%0.3%0.9%
22.0523.9664.5523.1928.9445.7019.6411.767.338.8929.9010.439.357.009.709.433.137.17
378 days861 days683 days629 days827 days896 days908 days817 days857 days738 days724 days1671 days1174 days1076 days329 days554 days394 days378 days
95 days72 days51 days88 days98 days26 days150 days49 days48 days165 days52 days21 days9 days71 days65 days220 days10 days59 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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date9485766769
full-time7670605558
part-time1815161211
in full-time equivalents84.877.367.961.162.9
85.678.364.860.161.4
On a permanent contract7370625457
Joined2534181114
Left16249137
Agency workers, average number00.50.22.71.8
Training hours2,531379-400227

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€1.2m€1.5m€1.2m€1.3m€1.1m
Mortgages, amount registered€230,000€230,000€230,000€230,000€2.9m
€2.7m€2.7m€2.7m€2.7m-
Carrying value of the mortgaged assets€2.2m€2.3m€2.0m€2.3m€2.6m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€634,368€938,333€1.3m€1.9m€687,877
Intangible fixed assets€0€6,663€4,829€16,351€813
€1.4m€1.1m€1.8m€791,467€683,621

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

Auditor

fees
Item20252024202320222021
Fee for the audit€9,250€9,250€8,450€8,450€8,450
Other work by the auditor€3,450€2,500€5,000€2,500€2,000

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

Public contracts awarded

20 awards to 10 suppliers · 2019 to 2025

Most awards: Electrical machinery and apparatus (7), Financial and insurance services (5), Petroleum products, fuel and electricity (3), Transport equipment (3).

Multitel6 awards in 4 notices
last awarded 09-11-2021Transport equipment€51,5603 tendersTED 582050-2021
Show 5 more awards
awarded 09-11-2021Transport equipment€52,2393 tendersTED 582050-2021
awarded 09-11-2021Transport equipment€79,4133 tendersTED 582050-2021
awarded 09-11-2021Electrical machinery and apparatus€1.7m2 tendersTED 582168-2021
awarded 16-06-2021Petroleum products, fuel and electricity€390,0003 tendersTED 336541-2021
awarded 24-09-2019Electrical machinery and apparatus€3,9651 tenderTED 591424-2019
Accelonix bv3 awards in 1 notice
Netherlands
EQUIPEMENTS DE MISE EN ŒUVRE DE TESTS CEM
last awarded 21-03-2025Electrical machinery and apparatus€8,4231 tenderTED 343180-2025
Show 2 more awards
EQUIPEMENTS DE MISE EN ŒUVRE DE TESTS CEM
awarded 21-03-2025Electrical machinery and apparatus€40,3401 tenderTED 343180-2025
EQUIPEMENTS DE MISE EN ŒUVRE DE TESTS CEM
awarded 21-03-2025Electrical machinery and apparatus€47,6251 tenderTED 343180-2025
Axa Belgium SA3 awards in 1 notice
last awarded 27-12-2021Financial and insurance services€132,8192 tendersTED 266208-2022
Show 2 more awards
awarded 27-12-2021Financial and insurance services€9,9721 tenderTED 266208-2022
awarded 27-12-2021Financial and insurance services€149,3492 tendersTED 266208-2022
ELECTRABEL2 awards
Founded in 1905 · 4,261 FTE (2025) · group ENGIE
FOURNITURE DE GAZ ET D’ÉLECTRICITÉ
last awarded 21-03-2025Petroleum products, fuel and electricity1 tenderTED 267018-2025
Show 1 more award
awarded 27-10-2020Petroleum products, fuel and electricity€170,9101 tenderTED 523842-2020
C.N. Rood1 award
Founded in 1962 · 20 FTE (2025)
EQUIPEMENTS DE MISE EN ŒUVRE DE TESTS CEM
awarded 21-03-2025Electrical machinery and apparatus€31,0641 tenderTED 343180-2025
PLUXEE BELGIUM1 award
Founded in 1968 · 255 FTE (2025) · group BELLON
Emission de titres-repas électroniques, de chèques cadeaux, d’écochèques et de chèques Sport & Culture octroyés par Multitel et Euro-Multitel à son personnel
awarded 16-09-2024Financial and insurance services2 tendersTED 564007-2024
Bax Innovation consulting sl1 award
Spain
awarded 24-07-2024Research and development services€348,0001 tenderTED 559042-2024
Risetronics SRL1 award
awarded 24-07-2024Electrical machinery and apparatus€4802 tendersTED 559005-2024
Bechtle1 award
Founded in 2011 · 104 FTE (2025)
Marché informatique
awarded 12-06-2024Office and computing machinery€998,6881 tenderTED 559842-2024
Ethias SA1 award
awarded 27-12-2021Financial and insurance services€802 tendersTED 266208-2022

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. TED publishes contracts above the European thresholds, since October 2016. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MULTITEL

The operating result for 2025 is a loss of €497,687, larger than the loss of €263,160 in 2024. It is the lowest result since 2008.

Debt's share of the balance-sheet total falls from 74.6% to 50.2%. Equity and debt are lower.

Board & ownership

Board

17 directors, 1 in day-to-day management, 1 auditor, last change in September 2026
E. POURBAIX
Full member and director
in office according to the deed of 31-05-2023
JJ. QUISQUATER
Full member and director
in office according to the deed of 31-05-2023
S. DEMOULIN
Full member and director
in office according to the deed of 31-05-2023
J. SAUSSEZ
Full member and director
in office according to the deed of 31-05-2023
Ph. DUBOIS
Full member and director
in office according to the deed of 31-05-2023
Ph. METTENS
Full member and director
in office according to the deed of 31-05-2023
Aloys du BOIS d'AISCHE
Director
appointed by deed of 31-05-2023
Jonathan PISANE
Director and co présidence à titre industriel
director appointed by deed of 31-05-2023 co présidence à titre industriel appointed by deed of 10-07-2025
Bernard GOSSELIN
Co président représentant du monde académique
appointed by deed of 25-10-2024
G.COIRBAY
Director
appointed by deed of 10-07-2025
J.HENDRICKX
Director
appointed by deed of 10-07-2025
T.DI PIETRO
Director
appointed by deed of 10-07-2025
Show all 19 office holders
Frédéric LENOBLE
Director
appointed by deed of 18-09-2026
Olivier DESENFANS
Director
appointed by deed of 18-09-2026
Anthony VAN PUTTE
Full member and director
in office according to the deed of 31-05-2023
earlier director, until 05-04-2024
Joël HANCQ
Full member and director
in office according to the deed of 31-05-2023
earlier director and treasurer, until 30-09-2024
Serge BOUCHER
Director
in office according to the deed of 25-10-2024
Alexandre VANDERMEERCH
Director general
appointed by deed of 25-10-2024
Céline ARNAUD
Statutory auditor
appointed by deed of 25-10-2024
Alexandre VANDERMEERCH
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Les engagements pris par le conseil d'administration au nom de l'asbl sont valablement signés par deux administrateurs, sans qu'il soit…”
deed of 20-06-2025

Office holders in the KBO →

Mandates through the years

33 names, the dashed line is today
Show
Anthony VAN PUTTE
Full member and director
Aloys du BOIS d'AISCHE
Director
Jonathan PISANE
Director, Co présidence à titre industriel
E. POURBAIX
Full member and director
JJ. QUISQUATER
Full member and director
Joël HANCQ
Full member and director
S. DEMOULIN
Full member and director
J. SAUSSEZ
Full member and director
Ph. DUBOIS
Full member and director
Ph. METTENS
Full member and director
Bernard GOSSELIN
Director
Serge BOUCHER
Director
G.COIRBAY
Director
J.HENDRICKX
Director
T.DI PIETRO
Director
Frédéric LENOBLE
Director
Olivier DESENFANS
Director
Alexandre VANDERMEERCH
Director general
Céline ARNAUD
Statutory auditor
SAUSSEZ
Director
Fabrice Brion
Director
Jacques VERLY
Director
J-J.QUISQUATER
Director
B.MACQ
Full member and director
P.VAN HELLEPUTTE
Full member and director
Philippe DUBOIS
Director
Ruddy WATTIEZ
Director
Caroline DECAMPS
Director
Maité DUFRASNE
Director
Philippe CESAR
Director
Véronique FELDHEIM
Director
Pierre RION
Director
Christine RENOTTE
Director
LeadershipBoardOther functionEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Anthony VAN PUTTE
    • Full member and director, from 26-11-2018 to 05-04-2024
    • Full member and director, since before 01-10-2022
    • Full member and director, since before 01-10-2022
  • Aloys du BOIS d'AISCHE
    • Director, from 23-06-2022 to date
  • Jonathan PISANE
    • Director, from 23-06-2022 to date
    • Co présidence à titre industriel, appointed by deed of 10-07-2025, still in office
  • E. POURBAIX
    • Full member and director, since before 01-07-2022
    • Full member and director, since before 01-07-2022
  • JJ. QUISQUATER
    • Full member and director, since before 01-07-2022
    • Full member and director, since before 01-07-2022
  • Joël HANCQ
    • Full member and director, from before 01-07-2022 to 30-09-2024
    • Full member and director, since before 01-07-2022
    • Full member and director, since before 01-07-2022
  • S. DEMOULIN
    • Full member and director, since before 01-07-2022
    • Full member and director, since before 01-07-2022
  • J. SAUSSEZ
    • Full member and director, since before 01-10-2022
    • Full member and director, since before 01-10-2022
  • Ph. DUBOIS
    • Full member and director, since before 01-10-2022
    • Full member and director, since before 01-10-2022
  • Ph. METTENS
    • Full member and director, since before 01-10-2022
    • Full member and director, since before 01-10-2022
  • Bernard GOSSELIN
    • Director, appointed by deed of 25-10-2024, still in office
  • Serge BOUCHER
    • Director, from before 25-10-2024 to 31-12-2024
    • Director, since before 25-10-2024
  • G.COIRBAY
    • Director, appointed by deed of 10-07-2025, still in office
  • J.HENDRICKX
    • Director, appointed by deed of 10-07-2025, still in office
  • T.DI PIETRO
    • Director, appointed by deed of 10-07-2025, still in office
  • Frédéric LENOBLE
    • Director, appointed by deed of 18-09-2026, still in office
  • Olivier DESENFANS
    • Director, appointed by deed of 18-09-2026, still in office
  • Alexandre VANDERMEERCH
    • Director general, appointed by deed of 25-10-2024, still in office
  • Céline ARNAUD
    • Statutory auditor, appointed by deed of 25-10-2024, still in office
  • SAUSSEZ
    • Director, until 18-09-2026
  • Fabrice Brion
    • Director, from before 01-07-2021 to 10-07-2025
  • Jacques VERLY
    • Director, from before 01-07-2021 to 30-06-2025
  • J-J.QUISQUATER
    • Director, until 27-02-2025
  • B.MACQ
    • Full member and director, from before 01-07-2022 to 31-12-2024
    • Full member and director, from before 01-07-2022, ended, last mentioned on 31-05-2023
  • P.VAN HELLEPUTTE
    • Full member and director, from 01-07-2018 to 31-12-2024
    • Full member and director, from before 01-07-2022, ended, last mentioned on 31-05-2023
  • Philippe DUBOIS
    • Director, until 30-11-2023
  • Ruddy WATTIEZ
    • Director, appointed by deed of 30-11-2023, no longer listed in the 2023 annual accounts
  • Caroline DECAMPS
    • Director, until 31-05-2023
  • Maité DUFRASNE
    • Director, appointed by deed of 31-05-2023, no longer listed in the 2023 annual accounts
  • Philippe CESAR
    • Director, from 26-11-2018 to 31-05-2023
  • Véronique FELDHEIM
    • Director, appointed by deed of 31-05-2023, no longer listed in the 2023 annual accounts
  • Pierre RION
    • Director, from before 01-07-2020 to 17-04-2023
  • Christine RENOTTE
    • Director, until 01-10-2022

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

Control

Founders
Faculté polytechnique de Mons, I.D.E.A. Hennuyère, Université de Mons-Hainaut
This company
MULTITEL
Equity €3.6m
Loss €132,219 in 2025

Articles of association

deed of 20-06-2025 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Administrateur représenté par autre administrateur porteur d'une procuration écrite, moitié au moins présente ou représentée”
“Report à séance ultérieure dans les 30 jours, simple des votes exprimés sans abstentions”
“Procès-verbaux inscrits dans registre spécial signés par président et secrétaire après approbation, au moins un des co-présidents ou…”
“Occupations, fonctions et traitements, conseil nomme soit lui-même soit par mandataire et destitue”

Founders

At incorporation deed of 20-06-2025 ↗
  • Faculté polytechnique de Mons founder
  • I.D.E.A. Hennuyère founder
  • Université de Mons-Hainaut founder
At incorporation deed of 08-02-2024 ↗
  • Faculté polytechnique de Mons founder
  • I.D.E.A.Hennuyère founder
  • Université de Mons-Hainaut founder

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyMULTITEL1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

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

At the same address

Rue Pierre et Marie Curie 2, 7000 Mons · 2 other companies
EURO-MULTITEL
registered office since 17-10-2014 · founded in 2014
 20 FTE (2025)
0564.943.143
Wal-Tech
registered office since 21-02-2003
 founded in 2003
0480.583.134

Earlier ties

LOGISTICS IN WALLONIA
via Joël HANCQ, no longer at LOGISTICS IN WALLONIA · Director · deed of 18-10-2019
founded in 2005
 9.5 FTE (2025)

Holdings through the years

2008 to 2025
Holdings through the years
Name20082009201020112012201420152016201720182019202020212022202320242025
EURO-MULTITEL 99.8%99.79%73.13%
DIGITAL ATTRAXION 0.72%0.44%0.28%
MUWAC 66.67%67%

Source: list of holdings in its own accounts

Board mandates elsewhere

2 board mandates
Board mandates of MULTITELMULTITEL sits on their board2
Forum for cleantech
Director
Founded in 2013 · turnover €46,251 (2025) · negative equity
DIGITAL ATTRAXION
Director
Founded in 2016 · total assets €3.2m (2025)

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
IMBC SPINNOVA
via Joël HANCQ · Director · deed of 04-01-2018
Founded in 2004 · total assets €52.1m (2025) · group HOLDING FINANCIERE DU PONANT
→

Timeline

Timeline

42 events since 1999

Deadline for the 2026 accounts: 31-07-2027

2026
2 directors appointed, 2 resignationsAppointments: Olivier DESENFANS and Frédéric LENOBLE · Resignations: SAUSSEZ and Jacques VERLY · General meeting of 18-06-20268 points ▸
  • Board meeting, 16-04-2026, mentioned twice in the deed
  • Director appointment, Olivier DESENFANS
  • Director appointment, Frédéric LENOBLE
  • Director resignation, SAUSSEZ
  • Board meeting, 24-06-2025
  • Director resignation, Jacques VERLY
  • General meeting, 18-06-2026
  • General meeting, 16-06-2025

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBabbreviated format · 32 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470813848
2025
Weakest financial year net -€132,219 The net result drops to -€132,219, the lowest from 2008 to 2025.
Annual accounts 2024 filed PDFabbreviated format · 16 days before the deadline
5 directors appointed, 5 resignationsAppointments: Bernard GOSSELIN (co président représentant du monde académique), J.HENDRICKX, T.DI PIETRO, G.COIRBAY and Jonathan PISANE (co présidence à titre industriel) · Resignations: S.BOUCHER, B.MACQ, F.BRION, P.VAN HELLEPUTTE and J-J.QUISQUATER · Withdrawals: S.BOUCHER, J.HANCQ, J-J.QUISQUATER and F.BRION · Board meeting of 27-02-202518 points ▸
  • Board meeting, 25-11-2024
  • Director appointment, Bernard GOSSELIN (co président représentant du monde académique)
  • Board meeting, 19-12-2024
  • Director resignation, S.BOUCHER
  • Director resignation, B.MACQ
  • Director appointment, J.HENDRICKX
  • Director resignation, F.BRION, mentioned twice in the deed
  • Director appointment, T.DI PIETRO
  • Director appointment, G.COIRBAY, mentioned twice in the deed
  • Director resignation, P.VAN HELLEPUTTE
  • Board meeting, 27-02-2025
  • Director appointment, Jonathan PISANE (co présidence à titre industriel)
  • Director resignation, J-J.QUISQUATER
  • General meeting, 27-02-2025
  • Member resignation, S.BOUCHER
  • Member resignation, J.HANCQ
  • Member resignation, J-J.QUISQUATER
  • Member resignation, F.BRION
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Amendment of the articlesAdmission: Université catholique de Louvain (full member) · Founder: Faculté polytechnique de Mons (founding member) · Founder: I.D.E.A. Hennuyère (founding member) · General meeting of 27-02-20257 points ▸
  • General meeting, 27-02-2025
  • General meeting, 06-01-2025
  • Incorporation, 29-12-1999
  • Founder, Faculté polytechnique de Mons (founding member)
  • Founder, I.D.E.A. Hennuyère (founding member)
  • Founder, Université de Mons-Hainaut (founding member)
  • Member admission, Université catholique de Louvain (full member)
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2024
2 directors appointed, 1 statutory auditor appointed, 1 resignation, 1 reappointmentAppointments: Bernard GOSSELIN, Céline ARNAUD (statutory auditor) and Alexandre VANDERMEERCH (director general) · Resignation: Pierre RION · Reappointment: Serge BOUCHER · Board meeting of 08-10-20249 points ▸

Open the deed in the Belgian Official Gazette

Resignations: Anthony VAN PUTTE (director) and Joël HANCQ (director and treasurer)General meeting of 26-06-20244 points ▸
  • Board meeting, 05-04-2024
  • General meeting, 26-06-2024
  • Director resignation, Anthony VAN PUTTE
  • Director resignation, Joël HANCQ (director and treasurer)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 13 days before the deadline
Powers of attorney: Serge BOUCHER, Joël HANCQ and 2 othersBoard meeting of 20-11-20235 points ▸
  • Board meeting, 20-11-2023
  • Power of attorney, Serge BOUCHER
  • Power of attorney, Joël HANCQ
  • Power of attorney, VAN HELLEPUTTE
  • Power of attorney, FROIDURE

Open the deed in the Belgian Official Gazette

Amendment of the articlesFounder: Faculté polytechnique de Mons · Founder: I.D.E.A.Hennuyère · Founder: Université de Mons-Hainaut · General meeting of 08-12-20235 points ▸
  • General meeting, 08-12-2023
  • Founder, Faculté polytechnique de Mons
  • Founder, I.D.E.A.Hennuyère
  • Founder, Université de Mons-Hainaut
  • Incorporation, 29-12-1999
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2023
1 director appointed, 1 resignationWithdrawal: Philippe DUBOIS (full member) · Resignation: Philippe DUBOIS · Admission: Ruddy WATTIEZ (full member) · General meeting of 08-11-20236 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 31 days before the deadline
4 directors appointed, 3 resignations, 10 reappointmentsReappointments: S. DEMOULIN, J. HANCQ, B. MACQ, E. POURBAIX, JJ. QUISQUATER, P. VAN HELLEPUTTE and 4 others · Appointments: Véronique FELDHEIM, Maité DUFRASNE, Aloys du BOIS d'AISCHE and Jonathan PISANE · Resignations: Christine RENOTTE, Caroline DECAMPS and Philippe CESAR · General meeting of 23-06-202219 points ▸

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 31 days before the deadline
New establishment in Libin Multitel Galaxia, Devant les Hêtres,Transinne 2
Appointment: Catherine SAEY (statutory auditor)General meeting of 16-12-20212 points ▸
  • General meeting, 16-12-2021
  • Auditor appointment, Catherine SAEY (statutory auditor)

Open the deed in the Belgian Official Gazette

2021
Reappointments: Fabrice Brion (director) and Jacques Verly (director)General meeting of 28-06-20213 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 3 days before the deadline
New establishment in Blegny Multitel Barchon, Parc Artisanal de Blegny 11-13
2020
Highest result from 2008 to 2025 net €475,691 ▲501,789% The operating result of €273,552 and the net result of €475,691 are both a record.
Reappointment: Pierre RION (director)General meeting of 30-06-20202 points ▸
  • General meeting, 30-06-2020
  • Director reappointment, Pierre RION
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 7 days before the deadline
2019
New establishment in Charleroi Multitel A6K, Square des Martyrs -
Annual accounts 2018 filed PDFabbreviated format · 5 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 32 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 11 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 9 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 27 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 27 days before the deadline
2012
New establishment in Tournai Multitel Negundo, Rue du Progrès 13
Annual accounts 2011 filed PDFabbreviated format · 4 days before the deadline
New establishment in Mons Multitel Dolez, Boulevard Dolez 31
2011
Annual accounts 2010 filed PDFabbreviated format · 32 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 24 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 3 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 21 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 22 days late
1999
First establishment Rue Pierre et Marie Curie 2, Mons
Incorporation KBO

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

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MULTITEL was incorporated on 29 December 1999.1 Turnover went from €2.6m in 2018 to €2.8m in 2025 and headcount from 59.2 to 85.6 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0470.813.848
VAT number
BE 0470.813.848
Peppol ID
0208:0470813848
LEI code
549300FE5Y6E0QDBCT67 no longer live in the LEI register
Legal form
Non-profit association
Status
Active, normal situation
Founded
29-12-1999
Financial year
ends on 31 December
Peppol
Reachable since 29-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MULTITEL in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-06-2025 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Rue Pierre et Marie Curie 2-7000 MONS”
“Rue Pierre et Marie Curie 2. à 7000 Mons”
deed of 20-06-2025 (in French)

Activities

NACEBEL 2025
VAT activities
72109 Other research and development on natural sciences main activity
Social security (RSZ) activities
72109 Other research and development on natural sciences main activity
Joint committees annual accounts 2025
JC 335 Services and support for business and the self-employed
Codes under NACEBEL 2008
VAT activities
72190 Scientific research and development main activity
Social security (RSZ) activities
72190 Scientific research and development main activity
Codes under NACEBEL 2003
VAT activities
73100 main activity
Social security (RSZ) activities
73100 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Réaliser tous travaux de recherche scientifique, appliquée ou applicable à l'industrie, et de développement ainsi que des études et essais…”
6 activities
  1. Réaliser tous travaux de recherche scientifique, appliquée ou applicable à l'industrie, et de développement ainsi que des études et essais, concernant notamment les technologies multimédias et des télécommunications:
  2. Diffuser et faire valoriser les résultats scientifiques et techniques de ses travaux, notamment par la prise de brevets, le transfert de propriété intellectuelle vers d'autres entreprises existantes et la création d'entreprises nouvelles;
  3. Mettre ses compétences, son expertise et son matériel à la disposition des entreprises sous forme d'assistances (notamment la guidance technologique);
  4. Aider à la diffusion et à la valorisation des résultats des recherches accomplies en Belgique et à l'étranger et correspondant à son expertise (notamment la veille technologique);
  5. Exécuter des mesures, contrôles et essais, d'accomplir des missions de certification, d'homologation et de formation;
  6. Réaliser toute autre action susceptible de contribuer à l'aboutissement des missions précitées:
deed of 20-06-2025 (in French)

Registered office and establishments

6 establishments

5 of 6 establishments on the map

Establishment Since Unit number
Rue Pierre et Marie Curie 2 registered office 7000 Mons 29-12-1999 2.155.208.653
Multitel Dolez Boulevard Dolez 31, 7000 Mons 01-07-2012 2.309.853.773
Multitel Negundo Rue du Progrès 13, 7503 Tournai 05-11-2012 2.309.854.565
Multitel A6K Square des Martyrs -, 6000 Charleroi 01-10-2019 2.309.854.862
Multitel Barchon Parc Artisanal de Blegny 11-13, 4671 Blegny 01-01-2021 2.324.384.967
Multitel Galaxia Devant les Hêtres,Transinne 2, 6890 Libin 01-05-2022 2.330.582.475

Buildings and parcels at the addresses

Ground area
1.7 ha
Buildings
5,479 m²
Volume, LiDAR
66,723 m³
Tallest building
22.3 m
Buildings to scale, each on its own parcel
2,053 m², 22.3 m 1,347 m², 14.3 m 1,086 m², 14.9 m 993 m², 8.5 m 2,053 m², 22.3 m 1,347 m², 14.3 m 1,086 m², 14.9 m

Location

registered office establishment approximate 5 of 6 establishment units on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
53402A0191/00K0056,710 m² 1 · 1,347 m² 14.3 m · 4
62010F0033/00C0024,448 m² 1 · 993 m² 8.5 m · 3
53405C0001/00H0383,333 m² 1 · 2,053 m² 22.3 m · 6
57031B0362/00T0042,944 m² 1 · 1,086 m² 14.9 m · 4

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