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 €97k and a net result of €34k. Equity is shrinking by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €8k 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.
Credit advice 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
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
Sector 46
higher
← 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 €97k
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▲ 134%
2023 · €42k
2018: €235k
2019: €168k
2020: €115k
2021: €94k
2022: €74k
2023: €42k
2018 → 2025
Total assets
€113k▲ 80.3%
2023 · €62k
2018: €348k
2019: €209k
2020: €157k
2021: €110k
2022: €92k
2023: €62k
2018 → 2025
Net result
€34k
2023 · €-32k
2018: €-63k
2019: €-76k
2020: €-53k
2021: €-21k
2022: €-20k
2023: €-32k
2018 → 2025
Working capital
€75k▲ 119%
2023 · €34k
2018: €197k
2019: €156k
2020: €77k
2021: €74k
2022: €60k
2023: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€115k-€94k▼ 18.6%€74k▼ 21.6%€42k▼ 43.5%€97k▲ 134%
Operating result€-52k-€-41k▲ 21.5%€-20k▲ 51.0%€-32k▼ 57.1%€34k
Net result€-53k-€-21k▲ 59.3%€-20k▲ 5.3%€-32k▼ 57.7%€34k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €34k in 2025, compared with €-32k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€22k ▲ 198%
Current assets
€90k ▲ 64.1%
Equity and liabilities €113k
Equity
€97k ▲ 134%
Debt
€15k ▼ 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
€45k▲
2023 · €-25k
Cash flow
€45k▲
2023 · €-25k
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
€15k▼
2023 · €21k
Income taxes
€206▲
2023 · €205
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 2023 · 38 lines
Balance sheet
Code20232025
Assets
Total assets20/58€62k€113k▲
Fixed assets21/28€8k€22k▲
Tangible fixed assets22/27€8k€22k▲
Furniture and vehicles24€8k€22k▲
Current assets29/58€55k€90k▲
Amounts receivable within one year40/41€25k€953▼
Trade receivables40€24k-
Other amounts receivable41€1k€953▼
Cash at bank and in hand54/58€30k€89k▲
Equity and liabilities
Total equity and liabilities10/49€62k€113k▲
Equity10/15€42k€97k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€21k€77k▲
Amounts payable17/49€21k€15k▼
Amounts payable within one year42/48€21k€15k▼
Trade debts44€51€268▲
Suppliers440/4€51€268▲
Taxes, remuneration and social security45€12k€1k▼
Taxes450/3€2k-
Remuneration and social security454/9€11k€1k▼
Other amounts payable47/48€8k€14k▲
Income statement
Code20232025
Remuneration, social security and pensions62€42k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€890€568▼
Gross operating margin9900€19k€46k▲
Operating profit (loss)9901€-32k€34k▲
Financial charges65/66B€276€153▼
Recurring financial charges65€276€153▼
Non-recurring financial charges66B-€153
Profit (loss) for the period before taxes9903€-32k€34k▲
Income taxes67/77€205€206▲
Profit (loss) for the period9904€-32k€34k▲
Profit (loss) for the period to be appropriated9905€-32k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€77k▲
Profit (loss) brought forward from the previous period14P€53k€43k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €34k
Net result €34k 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 €21k to €15k.
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 €-76k
Net result drops to €-76k, 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Ten-Eycken 1074850 PlombièresGround 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.
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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NOE-BEKISTINGTECHNIEK
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CESACO
BE 0458.155.546
Brasschaat · Eq €96,241
DC MIX
BE 1015.933.557
Philippeville · Eq €99,334
DE CEUSTER WALLONIA
BE 0764.375.044
Fernelmont · Eq €99,406
SODEMAT
BE 0476.246.937
Oudergem · Eq €100,000
Of 388 companies in sector 46630 we hold annual accounts for 276. 145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.