Result
-€132,219 -€132,219
From profit to loss in 2025, after a profit of €192,127 in 2024.
MULTITEL
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €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 accountsStaff
94 employees on 31-12-2025
In 2025, 25 people joined and 16 left.
Payment terms
95 days to suppliers
MULTITEL pays its suppliers 23 days later than in 2024. Customers pay 483 days earlier.
Filings
20 annual accounts since 2006
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 strengthStrong
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
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.
| 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 filingsDeviation 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 monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
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
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 |
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
Annual accounts 2025
- €11.3m▲ 13.0%
- €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
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. Click a figure with a dotted line for the item and the filing.
Key facts about MULTITEL
- What is the company number of MULTITEL?
- The company number of MULTITEL is 0470.813.848. The VAT number is the same number with BE in front: BE 0470.813.848.
- Where is MULTITEL based?
- The registered office is at Rue Pierre et Marie Curie 2, 7000 Mons.Company details
- What does MULTITEL do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of MULTITEL?
- MULTITEL is a non-profit association (VZW).
- When was MULTITEL founded?
- MULTITEL was founded on 29-12-1999.
- Is MULTITEL still active?
- Yes, MULTITEL is an active enterprise in the KBO register.
- How many employees does MULTITEL have?
- MULTITEL had an average of 85.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MULTITEL fall under?
- In its 2025 annual accounts, MULTITEL states joint committee 335 (Services and support for business and the self-employed).
- What is the turnover of MULTITEL?
- The turnover of MULTITEL was €2.8m in financial year 2025, according to the filed annual accounts.
- Is MULTITEL profitable?
- In financial year 2025, MULTITEL made a loss of €132,219.
- Where can I find the annual accounts of MULTITEL?
- MULTITEL filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MULTITEL due?
- MULTITEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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