MULTYMAT
ActiveSummary
MULTYMAT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.28M and a net result of €398k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+14
Solvency100=
Growth61=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 6.74 against 6.73 in 2024; short-term debt: 13.8% and cash: 1.6% of total assets), and 14.8% of the assets are financed with debt.
Credit check for your own amount and term
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
85.2%
Return on assets
6.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
14 d early
2023
30 d early
2022
28 d early
2021
34 d early
2020
12 d early
2019
39 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.02M▼ 0.6%
2023 · €11.09M
2022: €11.29Mhighest in 3 years
2023: €11.09M▼ -1.8% vs 2022
2024: €11.02M▼ -0.6% vs 2023lowest in 3 years
2022 → 2024
EBIT margin
2.5%▲ 1.4pp
2023 · 1.2%
2022: 7.9%highest in 3 years
2023: 1.2%▼ -85.3% vs 2022lowest in 3 years
2024: 2.5%▲ +117% vs 2023
2022 → 2024
Net result
€398k▲ 17.0%
2024 · €340k
2018: €188klowest in 8 years
2019: €236k▲ +25.8% vs 2018
2020: €1.06M▲ +350% vs 2019highest in 8 years
2021: €737k▼ -30.7% vs 2020
2022: €717k▼ -2.6% vs 2021
2023: €188k▼ -73.8% vs 2022
2024: €340k▲ +81.1% vs 2023
2025: €398k▲ +17.0% vs 2024
2018 → 2025
Working capital
€4.92M▲ 11.5%
2024 · €4.41M
2018: €1.66Mlowest in 8 years
2019: €1.77M▲ +6.7% vs 2018
2020: €2.86M▲ +61.6% vs 2019
2021: €3.09M▲ +8.1% vs 2020
2022: €3.61M▲ +17.0% vs 2021
2023: €4.02M▲ +11.2% vs 2022
2024: €4.41M▲ +9.8% vs 2023
2025: €4.92M▲ +11.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.29M€11.09M▼ 1.8%€11.02M▼ 0.6%
2022: €11.29Mhighest in 3 years
2023: €11.09M▼ -1.8% vs 2022
2024: €11.02M▼ -0.6% vs 2023lowest in 3 years
Equity€3.63M-€4.35M▲ 19.8%€4.54M▲ 4.3%€4.88M▲ 7.5%€5.28M▲ 8.2%
2021: €3.63Mlowest in 5 years
2022: €4.35M▲ +19.8% vs 2021
2023: €4.54M▲ +4.3% vs 2022
2024: €4.88M▲ +7.5% vs 2023
2025: €5.28M▲ +8.2% vs 2024highest in 5 years
Operating result€845k-€893k▲ 5.7%€129k▼ 85.5%€279k▲ 115%€371k▲ 33.2%
2021: €845k
2022: €893k▲ +5.7% vs 2021highest in 5 years
2023: €129k▼ -85.5% vs 2022lowest in 5 years
2024: €279k▲ +115% vs 2023
2025: €371k▲ +33.2% vs 2024
Net result€737k-€717k▼ 2.6%€188k▼ 73.8%€340k▲ 81.1%€398k▲ 17.0%
2021: €737khighest in 5 years
2022: €717k▼ -2.6% vs 2021
2023: €188k▼ -73.8% vs 2022lowest in 5 years
2024: €340k▲ +81.1% vs 2023
2025: €398k▲ +17.0% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.19M
Fixed assets
€420k ▼ 17.1%
Current assets
€5.77M ▲ 11.5%
Equity and liabilities €6.19M
Equity
€5.28M ▲ 8.2%
Debt
€917k ▲ 13.7%
Debt's share of the balance-sheet total rises from 14.2% to 14.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€543k▲
2024 · €450k
Cash flow
€570k▲
2024 · €512k
Current ratio
6.74▲
2024 · 6.73
Quick ratio
3.15▼
2024 · 3.16
Debt to equity
0.17▲
2024 · 0.17
ROE
7.5%▲
2024 · 7.0%
ROA
6.4%▲
2024 · 6.0%
Interest coverage
31.98▲
2024 · 27.78
Debt ≤ 1 year
€856k▲
2024 · €769k
Debt > 1 year
€22k
Income taxes
€139k▲
2024 · €119k
Staff costs
€941k▼
2024 · €1.03M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 70 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.68M€6.19M▲
Fixed assets21/28€507k€420k▼
Tangible fixed assets22/27€507k€420k▼
Plant, machinery and equipment23€177k€114k▼
Furniture and vehicles24€83k€44k▼
Leasing and similar rights25-€35k
Other tangible fixed assets26€246k€227k▼
Current assets29/58€5.18M€5.77M▲
Stocks and contracts in progress3€2.75M€3.07M▲
Stocks30/36€2.75M€3.07M▲
Goods purchased for resale34€2.75M-
Amounts receivable within one year40/41€2.31M€2.59M▲
Trade receivables40€161k€115k▼
Other amounts receivable41€2.15M€2.48M▲
Cash at bank and in hand54/58€106k€102k▼
Deferred charges and accrued income490/1€19k€9k▼
Equity and liabilities
Total equity and liabilities10/49€5.68M€6.19M▲
Equity10/15€4.88M€5.28M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.29M€4.29M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€53k€53k=
Distributable reserves133€4.23M€4.23M=
Profit (loss) carried forward14€528k€927k▲
Amounts payable17/49€807k€917k▲
Amounts payable after more than one year17-€22k
Financial debts170/4-€22k
Amounts payable within one year42/48€769k€856k▲
Current portion of amounts payable after more than one year42-€12k
Trade debts44€591k€663k▲
Suppliers440/4€591k€663k▲
Advances received on contracts in progress46€19k€11k▼
Taxes, remuneration and social security45€159k€171k▲
Taxes450/3€17k€34k▲
Remuneration and social security454/9€142k€136k▼
Other amounts payable47/48€250-
Accrued charges and deferred income492/3€37k€39k▲
Income statement
Code20242025
Operating income70/76A€11.08M-
Turnover70€11.02M-
Other operating income74€58k-
Operating charges60/66A€10.80M-
Goods for resale, raw materials and consumables60€7.06M-
Purchases600/8€7.12M-
Change in stocks: decrease (increase)609€-60k-
Services and other goods61€2.45M-
Remuneration, social security and pensions62€1.03M€941k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172k€172k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€-20k▼
Other operating charges640/8€66k€48k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900-€1.51M
Operating profit (loss)9901€279k€371k▲
Financial income75/76B€197k€183k▼
Recurring financial income75€197k€183k▼
Income from current assets751€103k-
Other financial income752/9€94k-
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Other financial charges652/9€16k-
Profit (loss) for the period before taxes9903€459k€537k▲
Income taxes67/77€119k€139k▲
Taxes670/3€119k-
Profit (loss) for the period9904€340k€398k▲
Profit (loss) for the period to be appropriated9905€340k€398k▲
Appropriation of the result
Profit (loss) to be appropriated9906€528k€927k▲
Profit (loss) brought forward from the previous period14P€188k€528k▲
Social balance
Average headcount (FTE)908718.820.6▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €11.11M | €11.08M | - | - |
| Turnover70 | - | €11.29M | €11.09M | €11.02M | - | - |
| Other operating income74 | - | - | €22k | €58k | - | - |
| Operating charges60/66A | - | - | €10.98M | €10.80M | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €9.41M | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €7.18M | €7.06M | - | - |
| Purchases600/8 | - | - | €7.24M | €7.12M | - | - |
| Change in stocks: decrease (increase)609 | - | - | €-51k | €-60k | - | - |
| Services and other goods61 | - | - | €2.28M | €2.45M | - | - |
| Remuneration, social security and pensions62 | €689k | €922k | €1.05M | €1.03M | €941k | ▼ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €151k | €160k | €261k | €172k | €172k | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €50k | €-136k | €125k | €20k | €-20k | ▼ 199% |
| Other operating charges640/8 | €67k | €71k | €81k | €66k | €48k | ▼ 26.5% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €1.80M | €1.91M | - | - | €1.51M | - |
| Operating profit (loss)9901 | €845k | €893k | €129k | €279k | €371k | ▲ 33.2% |
| Financial income75/76B | €97k | €97k | €188k | €197k | €183k | ▼ 7.2% |
| Recurring financial income75 | €97k | €97k | €188k | €197k | €183k | ▼ 7.2% |
| Income from current assets751 | - | - | €60k | €103k | - | - |
| Other financial income752/9 | - | - | €128k | €94k | - | - |
| Financial charges65/66B | €13k | €25k | €57k | €16k | €17k | ▲ 4.7% |
| Recurring financial charges65 | €13k | €25k | €57k | €16k | €17k | ▲ 4.7% |
| Debt charges650 | - | - | €61 | - | - | - |
| Other financial charges652/9 | - | - | €57k | €16k | - | - |
| Profit (loss) for the period before taxes9903 | €929k | €966k | €260k | €459k | €537k | ▲ 16.8% |
| Income taxes67/77 | €192k | €249k | €72k | €119k | €139k | ▲ 16.4% |
| Taxes670/3 | - | - | €72k | €119k | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €34 | - | - | - |
| Profit (loss) for the period9904 | €737k | €717k | €188k | €340k | €398k | ▲ 17.0% |
| Transfer from tax-exempt reserves789 | €89k | - | €89k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €826k | €717k | €277k | €340k | €398k | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.81M | €4.83M | €5.38M | €5.68M | €6.19M | ▲ 9.0% |
| Fixed assets21/28 | €868k | €743k | €563k | €507k | €420k | ▼ 17.1% |
| Tangible fixed assets22/27 | €868k | €743k | €563k | €507k | €420k | ▼ 17.1% |
| Plant, machinery and equipment23 | €110k | €79k | €206k | €177k | €114k | ▼ 35.7% |
| Furniture and vehicles24 | €38k | €57k | €104k | €83k | €44k | ▼ 47.5% |
| Leasing and similar rights25 | - | - | - | - | €35k | - |
| Other tangible fixed assets26 | €720k | €608k | €253k | €246k | €227k | ▼ 7.9% |
| Current assets29/58 | €3.94M | €4.09M | €4.82M | €5.18M | €5.77M | ▲ 11.5% |
| Stocks and contracts in progress3 | €2.59M | €2.78M | €2.71M | €2.75M | €3.07M | ▲ 11.9% |
| Stocks30/36 | €2.59M | €2.78M | €2.71M | €2.75M | €3.07M | ▲ 11.9% |
| Goods purchased for resale34 | - | - | €2.71M | €2.75M | - | - |
| Amounts receivable within one year40/41 | €85k | €21k | €1.93M | €2.31M | €2.59M | ▲ 12.3% |
| Trade receivables40 | €20k | €21k | €109k | €161k | €115k | ▼ 28.5% |
| Other amounts receivable41 | €65k | - | €1.82M | €2.15M | €2.48M | ▲ 15.3% |
| Cash at bank and in hand54/58 | €1.25M | €1.28M | €172k | €106k | €102k | ▼ 3.8% |
| Deferred charges and accrued income490/1 | €20k | €6k | €11k | €19k | €9k | ▼ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.81M | €4.83M | €5.38M | €5.68M | €6.19M | ▲ 9.0% |
| Equity10/15 | €3.63M | €4.35M | €4.54M | €4.88M | €5.28M | ▲ 8.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3.57M | €4.29M | €4.29M | €4.29M | €4.29M | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €142k | €142k | €53k | €53k | €53k | = |
| Distributable reserves133 | €3.42M | €4.14M | €4.23M | €4.23M | €4.23M | = |
| Profit (loss) carried forward14 | - | - | €188k | €528k | €927k | ▲ 75.4% |
| Amounts payable17/49 | €1.18M | €484k | €844k | €807k | €917k | ▲ 13.7% |
| Amounts payable after more than one year17 | €183k | - | - | - | €22k | - |
| Financial debts170/4 | €183k | - | - | - | €22k | - |
| Amounts payable within one year42/48 | €853k | €478k | €803k | €769k | €856k | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | €167k | - | - | - | €12k | - |
| Financial debts43 | - | €33k | - | - | - | - |
| Credit institutions430/8 | - | €33k | - | - | - | - |
| Trade debts44 | €586k | €243k | €621k | €591k | €663k | ▲ 12.2% |
| Suppliers440/4 | €586k | €243k | €621k | €591k | €663k | ▲ 12.2% |
| Advances received on contracts in progress46 | - | - | €10k | €19k | €11k | ▼ 43.0% |
| Taxes, remuneration and social security45 | €87k | €202k | €171k | €159k | €171k | ▲ 7.0% |
| Taxes450/3 | €25k | €84k | €30k | €17k | €34k | ▲ 97.1% |
| Remuneration and social security454/9 | €61k | €118k | €142k | €142k | €136k | ▼ 4.1% |
| Other amounts payable47/48 | €14k | - | - | €250 | - | - |
| Accrued charges and deferred income492/3 | €140k | €6k | €41k | €37k | €39k | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €737k | €717k | €188k | €340k | €398k | ▲ 17.0% |
| + Depreciation and write-downs630 | €151k | €160k | €261k | €172k | €172k | ▼ 0.1% |
| Operating cash flow (approximation) | €887k | €878k | €449k | €512k | €570k | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | €-35k | €-81k | €-116k | €-85k | ▲ 26.6% |
| Change in cash | - | €33k | €-1.11M | €-67k | €-4k | ▲ 94.0% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €5MEq €5.28M ▲8.2%
8 profitable years in a row build equity to €5.28M.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.06M ▲350%
Operating result €1.33M, net result €1.06M, both a record.
31-12
Financial
Equity above €2MEq €2.90M ▲57.9%
3 profitable years in a row build equity to €2.90M.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Zottegem · 3 establishment units since 2001
Ground area
1.7 ha
Building footprint
5,179 m²
Volume, LiDAR
16,909 m³
3 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
HUBO
since 20012.093.089.061
Hubo
since 20122.216.553.730
Hubo
since 20212.318.156.775
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0566/00R000 | Flanders | 6,784 m² | - | - |
| 44004C0143/00V002 | Flanders | 6,528 m² | 1 · 2,961 m² | 6.7 m · 2 fl. |
| 42303F0269/00D000 | Flanders | 3,440 m² | 1 · 2,218 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesZottegem2.093.089.061
Deinze2.216.553.730
Wetteren2.318.156.775
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.