MULTITEL EXPORT
ActiveSummary
MULTITEL EXPORT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,206 and a net result of €33,781. Equity is shrinking by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability100▲+100
Solvency100▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 5.84 against 2.63 in 2023; short-term debt: 13.7% and cash: 79.2% of total assets), and 13.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.3%
Return on assets
30%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €97,206
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2023
29 d late
2022
29 d late
2021
29 d late
2020
30 d late
2019
28 d late
2018
54 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€97,206▲ 134%
2023 · €41,584
Total assets
€112,629▲ 80.3%
2023 · €62,460
Net result
€33,781
2023 · -€32,017
Working capital
€74,711▲ 119%
2023 · €34,044
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result-€52,188▲ 31.8%-€40,954▲ 21.5%-€20,077▲ 51.0%-€31,536▼ 57.1%€34,140-
Net result-€52,688▲ 31.1%-€21,443▲ 59.3%-€20,299▲ 5.3%-€32,017▼ 57.7%€33,781-
Equity€115,343▼ 31.4%€93,900▼ 18.6%€73,601▼ 21.6%€41,584▼ 43.5%€97,206-
Total assets€156,735▼ 25.1%€110,164▼ 29.7%€92,199▼ 16.3%€62,460▼ 32.3%€112,629-
Debt€41,392▲ 0.4%€16,264▼ 60.7%€18,598▲ 14.4%€20,876▲ 12.2%€15,423-
Working capital€76,627▼ 50.7%€74,238▼ 3.1%€60,493▼ 18.5%€34,044▼ 43.7%€74,711-
Staff (FTE)1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €34,140 in 2025, compared with -€31,536 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €112,629
Fixed assets
€22,495 ▲ 198%
Current assets
€90,134 ▲ 64.1%
Equity and liabilities €112,629
Equity
€97,206 ▲ 134%
Debt
€15,423 ▼ 26.1%
Debt's share of the balance-sheet total falls from 33.4% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,385▲
2023 · -€24,741
Cash flow
€45,026▲
2023 · -€25,222
Current ratio
5.84▲
2023 · 2.63
Debt to equity
0.16▼
2023 · 0.50
ROE
34.8%▲
2023 · -77.0%
ROA
30.0%▲
2023 · -51.3%
Interest coverage
296.63▲
2023 · -89.64
Debt ≤ 1 year
€15,423▼
2023 · €20,876
Income taxes
€206▲
2023 · €205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34,137 | €38,678 | €42,399 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,554 | €6,554 | €6,554 | €6,795 | €11,245 | - |
| Other operating charges640/8 | - | €888 | €885 | €890 | €568 | - |
| Gross operating margin9900 | -€13,704 | €625 | €26,040 | €18,548 | €45,953 | - |
| Operating profit (loss)9901 | -€52,188 | -€40,954 | -€20,077 | -€31,536 | €34,140 | - |
| Financial income75/76B | - | €20,000 | - | - | - | - |
| Recurring financial income75 | - | €20,000 | - | - | - | - |
| Non-recurring financial income76B | - | €20,000 | - | - | - | - |
| Financial charges65/66B | - | €145 | €4 | €276 | €153 | - |
| Recurring financial charges65 | - | €145 | €4 | €276 | €153 | - |
| Non-recurring financial charges66B | - | - | - | - | €153 | - |
| Profit (loss) for the period before taxes9903 | -€52,188 | -€21,099 | -€20,081 | -€31,812 | €33,987 | - |
| Income taxes67/77 | €500 | €344 | €218 | €205 | €206 | - |
| Profit (loss) for the period9904 | -€52,688 | -€21,443 | -€20,299 | -€32,017 | €33,781 | - |
| Profit (loss) for the period to be appropriated9905 | -€52,688 | -€21,443 | -€20,299 | -€32,017 | €33,781 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,735 | €110,164 | €92,199 | €62,460 | €112,629 | - |
| Fixed assets21/28 | €38,716 | €19,662 | €13,108 | €7,540 | €22,495 | - |
| Tangible fixed assets22/27 | €26,216 | €19,662 | €13,108 | €7,540 | €22,495 | - |
| Furniture and vehicles24 | - | €19,662 | €13,108 | €7,540 | €22,495 | - |
| Financial fixed assets28 | €12,500 | - | - | - | - | - |
| Current assets29/58 | €118,019 | €90,502 | €79,091 | €54,920 | €90,134 | - |
| Amounts receivable within one year40/41 | €30,585 | €9,359 | €9,917 | €25,364 | €953 | - |
| Trade receivables40 | - | €8,230 | €8,195 | €23,975 | - | - |
| Other amounts receivable41 | - | €1,129 | €1,722 | €1,389 | €953 | - |
| Cash at bank and in hand54/58 | €85,916 | €81,143 | €69,174 | €29,556 | €89,181 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,735 | €110,164 | €92,199 | €62,460 | €112,629 | - |
| Equity10/15 | €115,343 | €93,900 | €73,601 | €41,584 | €97,206 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | - |
| Profit (loss) carried forward14 | €94,883 | €73,440 | €53,141 | €21,124 | €76,746 | - |
| Amounts payable17/49 | €41,392 | €16,264 | €18,598 | €20,876 | €15,423 | - |
| Amounts payable within one year42/48 | €41,392 | €16,264 | €18,598 | €20,876 | €15,423 | - |
| Trade debts44 | €27,180 | €2,821 | €3,116 | €51 | €268 | - |
| Suppliers440/4 | - | €2,821 | €3,116 | €51 | €268 | - |
| Taxes, remuneration and social security45 | - | €7,403 | €8,971 | €12,390 | €1,000 | - |
| Taxes450/3 | - | €1,173 | €1,493 | €1,758 | - | - |
| Remuneration and social security454/9 | - | €6,230 | €7,478 | €10,632 | €1,000 | - |
| Other amounts payable47/48 | - | €6,040 | €6,511 | €8,435 | €14,155 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,688 | -€21,443 | -€20,299 | -€32,017 | €33,781 | - |
| + Depreciation and write-downs630 | €6,554 | €6,554 | €6,554 | €6,795 | €11,245 | - |
| Operating cash flow (approximation) | -€46,134 | -€14,889 | -€13,745 | -€25,222 | €45,026 | - |
| Investment in fixed assets (approximation) | - | €12,500 | €0 | -€1,227 | - | - |
| Change in cash | - | -€4,773 | -€11,969 | -€39,618 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €33,781
Net result €33,781 after 6 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.84
Current ratio from 2.63 to 5.84; short-term debt falls from €20,876 to €15,423.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€76,418
Net result drops to -€76,418, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 81 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Plombières · 1 establishment unit since 2009
Ground area
781 m²
Building footprint
169 m²
Volume, LiDAR
1,033 m³
Parcel 63053A0073/00Y000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MULTITEL EXPORT
since 20092.175.161.157
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63053A0073/00Y000 | Wallonia | 781 m² | 1 · 169 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 388 companies in sector 46630 we hold annual accounts for 276. 144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.