MULTITRACK
Annual accounts 2025
micro format, filed on 06-07-2026, 25 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €110,000 and €240,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €119,464 on 31-12-2025in euro
in euro
Position in the sector
92.3%
Higher than 95% of 37,177 companies in 2025.
22.89
Higher than 95% of 36,472 companies in 2025.
9.2%
Higher than 56% of 36,707 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
119,464 | 141,579 | 154,854 | 148,824 | 139,904 | 126,722 | 115,487 | 101,499 | 90,008 | 87,729 | 70,071 | 57,634 | 32,856 | 44,166 | |
21/28 |
18,838 | 36,933 | 55,088 | 73,264 | 41,336 | 19,099 | 21,846 | 29,042 | 31,166 | 13,639 | 18,924 | 22,291 | 1,253 | 1,004 | |
22/27 |
18,838 | 36,933 | 55,088 | 73,264 | 41,336 | 19,099 | 21,846 | 29,042 | 31,166 | 13,639 | 18,924 | 22,291 | 1,253 | 1,004 | |
23 |
4,621 | 13,416 | 22,270 | 31,125 | 40,139 | 16,684 | 18,170 | 20,498 | 22,574 | 306 | 850 | 1,394 | 91 | 274 | |
24 |
14,218 | 23,518 | 32,818 | 42,139 | 1,197 | 2,415 | 3,676 | 8,544 | 8,592 | 13,333 | 18,073 | 20,897 | 1,161 | 730 | |
29/58 |
100,625 | 104,646 | 99,766 | 75,560 | 98,568 | 107,623 | 93,641 | 72,458 | 58,842 | 74,090 | 51,147 | 35,342 | 31,603 | 43,162 | |
3 |
364 | 521 | 1,418 | 1,321 | 1,241 | 1,033 | 1,339 | 1,587 | 795 | 894 | 985 | 1,782 | - | - | |
30/36 |
364 | 521 | 1,418 | 1,321 | 1,241 | 1,033 | 1,339 | 1,587 | 795 | 894 | 985 | 1,782 | - | - | |
40/41 |
3,904 | 8,866 | 5,810 | 4,391 | 16,389 | 24,507 | 14,921 | 38,345 | 21,787 | 28,726 | 41,253 | 15,733 | 9,840 | 7,785 | |
40 |
0 | 4,791 | 3,022 | 2,055 | 12,582 | 20,266 | 12,843 | 29,614 | 11,517 | 28,702 | 37,285 | 5,007 | 4,840 | 3,630 | |
41 |
3,904 | 4,075 | 2,789 | 2,335 | 3,807 | 4,241 | 2,077 | 8,731 | 10,271 | 24 | 3,968 | 10,726 | 5,000 | 4,155 | |
54/58 |
94,092 | 93,319 | 91,666 | 66,623 | 80,375 | 81,532 | 77,045 | 32,219 | 32,633 | 40,823 | 5,233 | 17,828 | 21,728 | 35,298 | |
490/1 |
2,265 | 1,939 | 872 | 3,225 | 563 | 551 | 336 | 307 | 3,626 | 3,648 | 3,677 | - | 35 | 80 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
119,464 | 141,579 | 154,854 | 148,824 | 139,904 | 126,722 | 115,487 | 101,499 | 90,008 | 87,729 | 70,071 | 57,634 | 32,856 | 44,166 | |
10/15 |
110,288 | 100,965 | 93,285 | 88,569 | 78,963 | 66,838 | 57,602 | 49,700 | 40,319 | 38,622 | 27,819 | 21,919 | 21,347 | 22,580 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
97,888 | 88,565 | 80,885 | 76,169 | 66,563 | 54,438 | 45,202 | 37,300 | 27,919 | 26,222 | 16,080 | 10,180 | 10,180 | 10,180 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
97,888 | 88,565 | 80,885 | 74,309 | 64,703 | 52,578 | 43,342 | 35,440 | 26,059 | 24,362 | 14,220 | 8,320 | 8,320 | 8,320 | |
14 |
0 | - | - | - | - | - | - | - | - | - | -661 | -661 | -1,233 | - | |
17/49 |
9,176 | 40,613 | 61,569 | 60,255 | 60,941 | 59,884 | 57,885 | 51,799 | 49,689 | 49,107 | 42,252 | 35,715 | 11,509 | 21,586 | |
17 |
4,749 | 30,864 | 56,044 | 56,738 | 57,227 | 57,684 | 47,558 | 49,111 | 44,551 | 40,134 | - | - | - | - | |
170/4 |
4,749 | 30,864 | 56,044 | 56,738 | 57,227 | 57,684 | 47,558 | 49,111 | 44,551 | 40,134 | - | - | - | - | |
42/48 |
4,396 | 9,718 | 4,709 | 2,761 | 3,012 | 1,524 | 9,710 | 1,957 | 4,401 | 8,898 | 42,195 | 35,689 | 11,483 | 21,560 | |
44 |
729 | 7,150 | 1,477 | - | - | - | 2,520 | 419 | 3,350 | 7,420 | 5,341 | 2,695 | 2,047 | 2,061 | |
440/4 |
729 | 7,150 | 1,477 | - | - | - | 2,520 | 419 | 3,350 | 7,420 | 5,341 | 2,695 | 2,047 | 2,061 | |
45 |
3,667 | 2,568 | 3,232 | 2,761 | 3,012 | 1,524 | 7,190 | 1,538 | 1,051 | 1,478 | 1,190 | 600 | 1,106 | 9,249 | |
450/3 |
3,667 | 2,568 | 3,232 | 2,761 | 3,012 | 1,524 | 1,390 | 1,538 | 1,051 | 1,478 | 1,190 | 600 | 1,106 | 9,249 | |
454/9 |
- | - | - | - | - | - | 5,800 | - | - | - | - | - | - | - | |
47/48 |
- | - | - | - | - | - | - | - | - | - | 35,664 | 32,394 | 8,330 | 10,250 | |
492/3 |
31 | 31 | 816 | 756 | 701 | 677 | 617 | 731 | 737 | 76 | 57 | 26 | 26 | 26 | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 82,992 | |
9900 |
33,702 | 29,734 | 24,787 | 25,619 | 23,695 | 16,187 | 19,153 | 20,956 | 9,920 | 21,655 | 13,719 | 5,948 | -330 | 14,872 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 68,270 | |
630 |
18,095 | 18,155 | 18,177 | 14,571 | 8,264 | 4,196 | 7,758 | 7,739 | 7,516 | 5,285 | 5,285 | 4,737 | 326 | 403 | |
640/8 |
883 | 860 | 752 | 825 | 765 | 811 | 767 | 763 | 711 | 763 | 738 | 727 | 521 | 856 | |
9901 |
14,724 | 10,719 | 5,858 | 10,222 | 14,667 | 11,181 | 10,628 | 12,454 | 1,693 | 15,608 | 7,697 | 484 | -1,177 | 13,614 | |
75/76B |
510 | 324 | 579 | 437 | 240 | 238 | 356 | 298 | 219 | 191 | 497 | 150 | 19 | 14 | |
75 |
510 | 324 | 579 | 437 | 240 | 238 | 356 | 298 | 219 | 191 | 497 | 150 | 19 | 14 | |
65/66B |
67 | 116 | 102 | 93 | 85 | 60 | 55 | 45 | 46 | 45 | 9 | 62 | 71 | 99 | |
65 |
67 | 116 | 102 | 93 | 85 | 60 | 55 | 45 | 46 | 45 | 9 | 62 | 71 | 99 | |
9903 |
15,166 | 10,927 | 6,335 | 10,567 | 14,822 | 11,359 | 10,929 | 12,706 | 1,867 | 15,754 | 8,185 | 572 | -1,229 | 13,528 | |
67/77 |
4,178 | 3,246 | 1,619 | 961 | 2,697 | 2,123 | 3,027 | 3,325 | 170 | 4,951 | 2,285 | - | 5 | 3,348 | |
9904 |
10,988 | 7,681 | 4,716 | 9,606 | 12,125 | 9,236 | 7,902 | 9,381 | 1,697 | 10,803 | 5,900 | 572 | -1,233 | 10,180 | |
9905 |
10,988 | 7,681 | 4,716 | 9,606 | 12,125 | 9,236 | 7,902 | 9,381 | 1,697 | 10,803 | 5,900 | 572 | -1,233 | 10,180 | |
| Appropriation of the result | |||||||||||||||
9906 |
10,988 | 7,681 | 4,716 | 9,606 | 12,125 | 9,236 | 7,902 | 9,381 | 1,697 | 10,142 | 5,239 | -661 | -1,233 | 10,180 | |
791/2 |
1,666 | - | - | - | - | - | - | - | - | 661 | - | - | - | - | |
691/2 |
10,988 | 7,681 | 4,716 | 9,606 | 12,125 | 9,236 | 7,902 | 9,381 | 1,697 | 10,803 | 5,900 | - | - | 10,180 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
10,988 | 7,681 | 4,716 | 9,606 | 12,125 | 9,236 | 7,902 | 9,381 | 1,697 | 10,803 | 5,900 | - | - | 8,320 | |
694/7 |
1,666 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
1,666 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 6 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 06-07-2026.
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 | micro format | 06-07-2026 | 2026-00267988 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00184302 | |
| 31-12-2023 | micro format | 27-05-2024 | 2024-00101354 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00187286 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20194619 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-23900503 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-19600335 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-23000456 | |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-28300141 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-27300314 | |
| 31-12-2015 | abbreviated format | 25-06-2016 | 2016-21700371 | |
| 31-12-2014 | abbreviated format | 25-06-2015 | 2015-20700299 | |
| 31-12-2013 | abbreviated format | 26-06-2014 | 2014-21200230 | |
| 31-12-2012 | abbreviated format | 27-06-2013 | 2013-21900030 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32,819 | 28,874 | 24,035 | 24,794 | 22,931 | 15,376 | 18,386 | 20,193 | 9,209 | 20,892 | 12,982 | 5,221 | -851 | 14,016 | ||
| 29,083 | 25,835 | 22,892 | 24,178 | 20,388 | 13,431 | 15,660 | 17,120 | 9,213 | 16,088 | 11,185 | 5,309 | -907 | 10,583 | ||
| 0 | 0 | 0 | 46,500 | 30,500 | 1,449 | 562 | 6,275 | 25,043 | 0 | 1,917 | 25,775 | 575 | 1,407 | ||
| 773 | 1,654 | 25,042 | -13,751 | -1,157 | 4,487 | 44,827 | -414 | -8,190 | 35,591 | -12,596 | -3,900 | -13,570 | - | ||
| 96,229 | 94,927 | 95,057 | 72,799 | 95,555 | 106,099 | 83,931 | 70,501 | 54,441 | 65,192 | 8,952 | -346 | 20,120 | 21,602 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 16.4% | ||
| 92.3% | 71.3% | 60.2% | 59.5% | 56.4% | 52.7% | 49.9% | 49.0% | 44.8% | 44.0% | 39.7% | 38.0% | 65.0% | 51.1% | ||
| 22.89 | 10.77 | 21.19 | 27.37 | 32.72 | 70.64 | 9.64 | 37.02 | 13.37 | 8.33 | 1.21 | 0.99 | 2.75 | 2.00 | ||
| 22.81 | 10.71 | 20.88 | 26.89 | 32.31 | 69.96 | 9.51 | 36.21 | 13.19 | 8.23 | 1.19 | 0.94 | 2.75 | 2.00 | ||
| 0.08 | 0.40 | 0.66 | 0.68 | 0.77 | 0.90 | 1.00 | 1.04 | 1.23 | 1.27 | 1.52 | 1.63 | 0.54 | 0.96 | ||
| 10.0% | 7.6% | 5.1% | 10.8% | 15.4% | 13.8% | 13.7% | 18.9% | 4.2% | 28.0% | 21.2% | 2.6% | -5.8% | 45.1% | ||
| 9.2% | 5.4% | 3.0% | 6.5% | 8.7% | 7.3% | 6.8% | 9.2% | 1.9% | 12.3% | 8.4% | 1.0% | -3.8% | 23.0% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 16 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 11 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €46,500 | €30,500 |
| €18,095 | €18,155 | €18,177 | €14,571 | €8,264 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MULTITRACK
The operating result for 2025 is 37% higher than in 2024 and the highest since 2016. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 28.7% to 7.7%. Equity is higher and debt is lower.