Multitra
ActiveSummary
Multitra has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €751,032. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+6
Solvency54▼-3
Growth77▼-5
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.26 in 2024; short-term debt: 24.7% and cash: 8.3% of total assets), and 71.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
28.6%
Return on assets
5.2%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
55 d early
2023
63 d early
2022
66 d early
2021
40 d early
2020
58 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, unclassified schema
In the rankings
#10 company by total assets in Dison
Turnover
€12.0m▼ 11.7%
2024 · €13.6m
EBIT margin
10.1%▲ 0.2pp
2024 · 9.9%
Net result
€751,032▼ 39.5%
2024 · €1.2m
Working capital
€1.0m▼ 48.0%
2024 · €2.0m
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
Line20212022202320242025
Turnover€8.1m▲ 73.1%€13.0m▲ 61.1%€9.5m▼ 26.5%€13.6m▲ 42.6%€12.0m▼ 11.7%
Operating result€564,651▲ 92.1%€799,075▲ 41.5%€684,452▼ 14.3%€1.3m▲ 96.0%€1.2m▼ 10.1%
Net result€414,838▲ 110%€649,081▲ 56.5%€465,930▼ 28.2%€1.2m▲ 167%€751,032▼ 39.5%
EBIT margin7.0%▲ 0.7pp6.2%▼ 0.9pp7.2%▲ 1.0pp9.9%▲ 2.7pp10.1%▲ 0.2pp
Equity€2.5m▼ 35.9%€2.8m▲ 14.1%€3.3m▲ 15.9%€4.4m▲ 32.4%€4.2m▼ 4.6%
Total assets€6.2m▲ 21.4%€4.8m▼ 22.7%€4.7m▼ 0.5%€13.5m▲ 186%€14.5m▲ 7.3%
Debt€3.6m▲ 226%€1.9m▼ 48.5%€1.4m▼ 27.1%€9.2m▲ 580%€10.4m▲ 12.9%
Working capital€1.5m▼ 47.0%€2.0m▲ 28.7%€2.5m▲ 26.2%€2.0m▼ 19.1%€1.0m▼ 48.0%
Staff (FTE)14.3▲ 4.4%14.4▲ 0.7%14.3▼ 0.7%12.7▼ 11.2%11.8▼ 7.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets
€9.9m ▼ 0.8%
Current assets
€4.6m ▲ 29.6%
Equity and liabilities €14.5m
Equity
€4.2m ▼ 4.6%
Debt
€10.4m ▲ 12.9%
Debt's share of the balance-sheet total rises from 67.8% to 71.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.3m▼
2024 · €1.5m
Cash flow
€882,987▼
2024 · €1.4m
Current ratio
1.29▼
2024 · 2.26
Debt to equity
2.49▲
2024 · 2.10
ROE
18.0%▼
2024 · 28.5%
ROA
5.2%▼
2024 · 9.2%
Interest coverage
5.40▲
2024 · -156.53
Debt ≤ 1 year
€3.6m▲
2024 · €1.6m
Debt > 1 year
€6.7m▼
2024 · €7.6m
Income taxes
€239,846▼
2024 · €383,142
Staff costs
€911,803▼
2024 · €936,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €12.5m | - |
| Turnover70 | €8.1m | €13.0m | €9.5m | €13.6m | €12.0m | ▼ 11.7% |
| Other operating income74 | - | - | - | - | €472,291 | - |
| Non-recurring operating income76A | €33,694 | €7,576 | €4,451 | €10,213 | €16,776 | ▲ 64.3% |
| Operating charges60/66A | - | - | - | - | €11.3m | - |
| Goods, raw materials, services and sundry goods60/61 | €7.1m | €11.6m | €8.3m | €11.7m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €9.7m | - |
| Purchases600/8 | - | - | - | - | €9.7m | - |
| Services and other goods61 | - | - | - | - | €475,851 | - |
| Remuneration, social security and pensions62 | €844,531 | €918,636 | €1.0m | €936,550 | €911,803 | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177,238 | €209,677 | €186,383 | €125,776 | €131,955 | ▲ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €0 | €0 | €0 | €0 | - |
| Other operating charges640/8 | €29,874 | €60,579 | €34,189 | €29,766 | €28,774 | ▼ 3.3% |
| Non-recurring operating charges66A | €697 | €636 | €906 | €46,433 | €9,086 | ▼ 80.4% |
| Gross operating margin9900 | €1.6m | €2.0m | €1.9m | €2.5m | - | - |
| Operating profit (loss)9901 | €564,651 | €799,075 | €684,452 | €1.3m | €1.2m | ▼ 10.1% |
| Financial income75/76B | €63,858 | €235,388 | €28,157 | €274,632 | €40,928 | ▼ 85.1% |
| Recurring financial income75 | €63,858 | €235,388 | €28,157 | €274,632 | €40,928 | ▼ 85.1% |
| Income from current assets751 | - | - | - | - | €24,644 | - |
| Other financial income752/9 | - | - | - | - | €16,284 | - |
| Financial charges65/66B | €92,406 | €166,642 | €78,175 | -€9,373 | €255,941 | ▲ 2,831% |
| Recurring financial charges65 | €92,406 | €166,642 | €78,175 | -€9,373 | €255,941 | ▲ 2,831% |
| Debt charges650 | - | - | - | - | €247,800 | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0 | - |
| Other financial charges652/9 | - | - | - | - | €8,141 | - |
| Profit (loss) for the period before taxes9903 | €536,103 | €867,820 | €634,433 | €1.6m | €990,877 | ▼ 39.0% |
| Income taxes67/77 | €121,265 | €218,740 | €168,504 | €383,142 | €239,846 | ▼ 37.4% |
| Taxes670/3 | - | - | - | - | €239,846 | - |
| Profit (loss) for the period9904 | €414,838 | €649,081 | €465,930 | €1.2m | €751,032 | ▼ 39.5% |
| Profit (loss) for the period to be appropriated9905 | €414,838 | €649,081 | €465,930 | €1.2m | €751,032 | ▼ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.2m | €4.8m | €4.7m | €13.5m | €14.5m | ▲ 7.3% |
| Fixed assets21/28 | €1.1m | €1.1m | €953,816 | €10.0m | €9.9m | ▼ 0.8% |
| Intangible fixed assets21 | €23,985 | €6,269 | €3,489 | €2,203 | €917 | ▼ 58.4% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €943,354 | €613,769 | €539,679 | ▼ 12.1% |
| Land and buildings22 | €819,219 | €729,688 | €637,853 | €545,050 | €452,590 | ▼ 17.0% |
| Plant, machinery and equipment23 | €44,644 | €33,654 | €27,046 | €20,889 | €24,153 | ▲ 15.6% |
| Furniture and vehicles24 | €159,088 | €281,184 | €278,456 | €47,830 | €62,935 | ▲ 31.6% |
| Financial fixed assets28 | €6,973 | €6,973 | €6,973 | €9.4m | €9.4m | = |
| Affiliated companies280/1 | - | - | - | - | €9.4m | - |
| Participating interests280 | - | - | - | - | €9.4m | - |
| Other financial fixed assets284/8 | - | - | - | - | €6,973 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €6,973 | - |
| Current assets29/58 | €5.1m | €3.7m | €3.8m | €3.6m | €4.6m | ▲ 29.6% |
| Amounts receivable within one year40/41 | €2.2m | €1.8m | €1.7m | €2.4m | €2.1m | ▼ 11.0% |
| Trade receivables40 | €2.2m | €1.7m | €1.7m | €2.4m | €2.1m | ▼ 11.1% |
| Other amounts receivable41 | €42,173 | €23,150 | - | €24,376 | €24,376 | = |
| Current investments50/53 | €2.2m | €1.1m | €1.4m | - | €1.3m | - |
| Other investments51/53 | - | - | - | - | €1.3m | - |
| Cash at bank and in hand54/58 | €631,072 | €835,282 | €736,123 | €1.1m | €1.2m | ▲ 10.3% |
| Deferred charges and accrued income490/1 | €56,858 | €38,419 | €19,500 | €92,870 | €50,100 | ▼ 46.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.2m | €4.8m | €4.7m | €13.5m | €14.5m | ▲ 7.3% |
| Equity10/15 | €2.5m | €2.8m | €3.3m | €4.4m | €4.2m | ▼ 4.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Share premium1100/10 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €572,632 | €572,632 | €572,632 | €412,632 | €3.0m | ▲ 636% |
| Tax-exempt reserves132 | €489 | €489 | €489 | €489 | €489 | = |
| Distributable reserves133 | €572,143 | €572,143 | €572,143 | €412,143 | €3.0m | ▲ 637% |
| Profit (loss) carried forward14 | €1.8m | €2.2m | €2.6m | €3.9m | €1.1m | ▼ 72.8% |
| Investment grants15 | €105,733 | €92,880 | €80,027 | €67,174 | €54,322 | ▼ 19.1% |
| Provisions and deferred taxes16 | €74,727 | €70,148 | €95,487 | - | - | - |
| Provisions for liabilities and charges160/5 | €74,727 | €70,148 | €95,487 | - | - | - |
| Other liabilities and charges164/5 | €74,727 | €70,148 | €95,487 | - | - | - |
| Amounts payable17/49 | €3.6m | €1.9m | €1.4m | €9.2m | €10.4m | ▲ 12.9% |
| Amounts payable after more than one year17 | - | €83,557 | €12,274 | €7.6m | €6.7m | ▼ 11.4% |
| Financial debts170/4 | - | €83,557 | €12,274 | €7.6m | €6.7m | ▼ 11.4% |
| Credit institutions173 | - | - | - | - | €4.7m | - |
| Other loans174 | - | - | - | - | €2.0m | - |
| Amounts payable within one year42/48 | €3.6m | €1.8m | €1.3m | €1.6m | €3.6m | ▲ 127% |
| Current portion of amounts payable after more than one year42 | - | €70,560 | €71,283 | €12,274 | €864,548 | ▲ 6,944% |
| Financial debts43 | €62,533 | - | - | - | - | - |
| Credit institutions430/8 | €62,533 | - | - | - | - | - |
| Trade debts44 | €1.6m | €1.3m | €1.0m | €1.4m | €1.6m | ▲ 13.0% |
| Suppliers440/4 | €1.6m | €1.3m | €1.0m | €1.4m | €1.6m | ▲ 13.0% |
| Taxes, remuneration and social security45 | €150,962 | €144,820 | €244,654 | €171,423 | €211,100 | ▲ 23.1% |
| Taxes450/3 | €53,859 | €44,088 | €121,399 | €72,085 | €98,739 | ▲ 37.0% |
| Remuneration and social security454/9 | €97,104 | €100,731 | €123,255 | €99,337 | €112,361 | ▲ 13.1% |
| Other amounts payable47/48 | €1.8m | €285,714 | - | - | €940,000 | - |
| Accrued charges and deferred income492/3 | €2,194 | €11,749 | €12,214 | €2,749 | €38,640 | ▲ 1,306% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €414,838 | €649,081 | €465,930 | €1.2m | €751,032 | ▼ 39.5% |
| + Depreciation and write-downs630 | €177,238 | €209,677 | €186,383 | €125,776 | €131,955 | ▲ 4.9% |
| Operating cash flow (approximation) | €592,076 | €858,757 | €652,313 | €1.4m | €882,987 | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | -€213,536 | -€82,431 | -€9.1m | -€56,579 | ▲ 99.4% |
| Change in cash | - | €204,210 | -€99,159 | €359,142 | €112,818 | ▼ 68.6% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.2m ▲167%
Operating result €1.3m, net result €1.2m, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dison · 1 establishment unit since 1998
Ground area
8,346 m²
Building footprint
3,945 m²
Volume, LiDAR
32,474 m³
Parcel 63002A0125/00G000, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Rue Zénobe Gramme 41, 4821 Dison
since 19982.089.548.066
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002A0125/00G000 | Wallonia | 8,346 m² | 1 · 3,944 m² | 10.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300GJ2Z32PPAWWZ10
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,956. 771 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
Founded21-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
Contact
Website
www.multitra.com
E-mail
multitra@multitra.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463851129
Also
9925:BE0463851129
Registered
20-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.