MULTIWATT
InactiveFinancials · financial year 2025, micro format
Equity
€17,313▼ 25.6%
2024 · €23,273
Total assets
€18,001▼ 29.4%
2024 · €25,503
Net result
-€5,960
2024 · €1,462
Working capital
€13,636▼ 41.4%
2024 · €23,273
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €5,862 after €1,930 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,862
2025
Net result-€5,960
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€18,001
2025
Equity€17,313
2025
Debt€688
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€13,636
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,516-€5,290▼ 18.8%€2,212▼ 58.2%€2,251▲ 1.8%€3,768▲ 67.4%€3,254▼ 13.7%€1,930▼ 40.7%-€5,862
Net result€5,778-€4,175▼ 27.7%€1,694▼ 59.4%€1,723▲ 1.7%€2,833▲ 64.4%€2,512▼ 11.3%€1,462▼ 41.8%-€5,960
Equity€8,873-€13,049▲ 47.1%€14,743▲ 13.0%€16,466▲ 11.7%€19,299▲ 17.2%€21,811▲ 13.0%€23,273▲ 6.7%€17,313▼ 25.6%
Total assets€12,102-€19,381▲ 60.1%€16,402▼ 15.4%€17,475▲ 6.5%€21,060▲ 20.5%€24,337▲ 15.6%€25,503▲ 4.8%€18,001▼ 29.4%
Debt€3,229-€6,332▲ 96.1%€1,659▼ 73.8%€1,009▼ 39.2%€1,760▲ 74.5%€2,526▲ 43.5%€2,230▼ 11.7%€688▼ 69.2%
Working capital€8,873-€13,049▲ 47.1%€14,743▲ 13.0%€16,466▲ 11.7%€19,299▲ 17.2%€21,811▲ 13.0%€23,273▲ 6.7%€13,636▼ 41.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,001
Fixed assets
€3,677
Current assets
€14,324
Equity and liabilities €18,001
Equity
€17,313 ▼ 25.6%
Debt
€688 ▼ 69.2%
Debt's share of the balance-sheet total falls from 8.7% to 3.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,178
Cash flow
-€4,276
Current ratio
20.83▲
2024 · 11.44
Debt to equity
0.04▼
2024 · 0.10
ROE
-34.4%▼
2024 · 6.3%
ROA
-33.1%▼
2024 · 5.7%
Interest coverage
-42.68
Debt ≤ 1 year
€688▼
2024 · €2,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €64 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €1,684 | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €495 | ▲ 27.9% |
| Gross operating margin9900 | €6,863 | €12,369 | €3,771 | €2,663 | €4,116 | €3,638 | €2,317 | -€3,683 | - |
| Operating profit (loss)9901 | €6,516 | €5,290 | €2,212 | €2,251 | €3,768 | €3,254 | €1,930 | -€5,862 | - |
| Financial charges65/66B | - | - | - | €60 | €166 | €60 | €60 | €98 | ▲ 63.2% |
| Recurring financial charges65 | €55 | €50 | €57 | €60 | €166 | €60 | €60 | €98 | ▲ 63.2% |
| Profit (loss) for the period before taxes9903 | €6,461 | €5,240 | €2,154 | €2,191 | €3,602 | €3,194 | €1,870 | -€5,960 | - |
| Income taxes67/77 | €683 | €1,065 | €460 | €468 | €769 | €682 | €408 | - | - |
| Profit (loss) for the period9904 | €5,778 | €4,175 | €1,694 | €1,723 | €2,833 | €2,512 | €1,462 | -€5,960 | - |
| Profit (loss) for the period to be appropriated9905 | €5,778 | €4,175 | €1,694 | €1,723 | €2,833 | €2,512 | €1,462 | -€5,960 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,102 | €19,381 | €16,402 | €17,475 | €21,060 | €24,337 | €25,503 | €18,001 | ▼ 29.4% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €3,677 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €3,677 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €3,677 | - |
| Current assets29/58 | €12,102 | €19,381 | €16,402 | €17,475 | €21,060 | €24,337 | €25,503 | €14,324 | ▼ 43.8% |
| Amounts receivable within one year40/41 | €8,254 | €4,157 | €324 | €695 | €222 | €632 | €963 | €105 | ▼ 89.1% |
| Trade receivables40 | - | - | - | €106 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €590 | €222 | €632 | €963 | €105 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €3,849 | €15,223 | €16,078 | €16,210 | €20,242 | €23,138 | €23,932 | €14,219 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | - | - | - | €570 | €596 | €568 | €608 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,102 | €19,381 | €16,402 | €17,475 | €21,060 | €24,337 | €25,503 | €18,001 | ▼ 29.4% |
| Equity10/15 | €8,873 | €13,049 | €14,743 | €16,466 | €19,299 | €21,811 | €23,273 | €17,313 | ▼ 25.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €2,673 | €6,849 | €8,543 | €10,266 | €13,099 | €15,611 | €17,073 | €11,113 | ▼ 34.9% |
| Amounts payable17/49 | €3,229 | €6,332 | €1,659 | €1,009 | €1,760 | €2,526 | €2,230 | €688 | ▼ 69.2% |
| Amounts payable within one year42/48 | €3,229 | €6,332 | €1,659 | €1,009 | €1,760 | €2,526 | €2,230 | €688 | ▼ 69.2% |
| Trade debts44 | €183 | €4,998 | €40 | €41 | €45 | €1,398 | €1,400 | €688 | ▼ 50.9% |
| Suppliers440/4 | - | - | - | €41 | €45 | €1,398 | €1,400 | €688 | ▼ 50.9% |
| Taxes, remuneration and social security45 | - | - | - | €553 | €1,301 | €713 | €415 | - | - |
| Taxes450/3 | - | - | - | €553 | €1,301 | €713 | €415 | - | - |
| Other amounts payable47/48 | - | - | - | €415 | €415 | €415 | €415 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,778 | €4,175 | €1,694 | €1,723 | €2,833 | €2,512 | €1,462 | -€5,960 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €1,684 | - |
| Operating cash flow (approximation) | €5,778 | €4,175 | €1,694 | €1,723 | €2,833 | €2,512 | €1,462 | -€4,276 | - |
| Change in cash | - | €11,374 | €855 | €132 | €4,032 | €2,896 | €794 | -€9,713 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-04-2026 | 2026-00087165 |
| 31-12-2024 | micro format | 04-08-2025 | 2025-00359297 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00440118 |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00242791 |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20288319 |
| 31-12-2020 | micro format | 10-08-2021 | 2021-48600311 |
| 31-12-2019 | micro format | 05-01-2021 | 2021-00300084 |
| 31-12-2018 | micro format | 12-09-2019 | 2019-64200326 |
| 31-12-2017 | micro format | 27-09-2018 | 2018-68200535 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.