ACTIVE

MULTIMAT

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Financial year 2025 · closed on 31/12/2025

Net result

43,3 k €

-30.2% YoY

Gross margin

76,5 k €

-29.8% YoY

Equity

482,2 k €

+9.0% YoY

What does MULTIMAT do?

MULTIMAT is a Private limited company incorporated in 1985. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.271.538

Incorporation

03/05/1985

Legal form

Private limited company

Registered office

Elisabethlaan 4
8400 Oostende · FlandreSee on map

Contributed capital

14 346,96 €

Latest accounts

31/12/2025

Activities (NACE)

46742Wholesale of hardware, plumbing and heating equipment and supplies· main 46842Wholesale trade, except of motor vehicles and motorcycles 51542Air transport 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories

Joint committees (2)

14901
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	76,5 k €	-29.8%	109 k €	-41.0%	184,6 k €	+61.7%	114,2 k €	-31.2%	166 k €	+72.8%	96,1 k €	+44.9%	66,3 k €	+49.2%	44,5 k €	+99.9%	22,2 k €	-57.0%	51,8 k €	-16.4%	61,9 k €	-7.9%	67,2 k €	+16.9%	57,5 k €	-11.5%	64,9 k €	+16.5%	55,7 k €	+33.7%	41,7 k €	-11.5%	47,1 k €	+120%	21,3 k €
EBITDA	74,8 k €	-27.9%	103,6 k €	-33.3%	155,4 k €	+148%	62,6 k €	-48.8%	122,2 k €	+87.9%	65 k €	+3.7%	62,7 k €	+52.1%	41,2 k €	+126%	18,3 k €	-61.9%	48 k €	-18.3%	58,8 k €	-8.6%	64,3 k €	+18.3%	54,4 k €	-10.6%	60,8 k €	+12.5%	54 k €	+42.2%	38 k €	-15.0%	44,7 k €	+136%	18,9 k €
Operating result	63,1 k €	-31.8%	92,5 k €	-45.0%	168,2 k €	+223%	52,1 k €	-51.8%	108 k €	+269%	29,2 k €	-37.7%	47 k €	+79.4%	26,2 k €	+1186%	2 k €	-92.5%	27,3 k €	-23.1%	35,5 k €	+3.2%	34,4 k €	+85.1%	18,6 k €	-44.9%	33,7 k €	+33.6%	25,2 k €	+379%	5,3 k €	-69.9%	17,5 k €	+97.9%	8,8 k €
Net result	43,3 k €	-30.2%	62 k €	-47.5%	118,2 k €	+245%	34,3 k €	-54.3%	75 k €	+281%	19,7 k €	-34.9%	30,2 k €	+70.5%	17,7 k €	+1185%	1,4 k €	-92.6%	18,6 k €	-26.6%	25,3 k €	+6.7%	23,7 k €	+97.6%	12 k €	-51.6%	24,8 k €	+30.8%	19 k €	+474%	3,3 k €	-68.0%	10,3 k €	+100%	5,2 k €
Balance sheet
Equity	482,2 k €	+9.0%	442,4 k €	-13.0%	508,3 k €	+30.3%	390,1 k €	+9.6%	355,9 k €	+106%	172,4 k €	-50.6%	348,8 k €	+9.5%	318,5 k €	+5.9%	300,8 k €	+0.5%	299,4 k €	+6.6%	280,8 k €	+1.3%	277,4 k €	+9.4%	253,6 k €	+5.0%	241,6 k €	+11.4%	216,8 k €	+9.6%	197,8 k €	+1.7%	194,5 k €	+5.6%	184,2 k €
Total assets	645,3 k €	-5.3%	681,6 k €	-17.2%	823,2 k €	+20.0%	685,9 k €	-3.6%	711,4 k €	+31.9%	539,3 k €	-3.3%	557,9 k €	+8.0%	516,6 k €	-2.2%	528 k €	+7.5%	491 k €	-8.2%	534,7 k €	-1.9%	545,1 k €	+3.7%	525,9 k €	+16.0%	453,4 k €	+4.2%	435 k €	+2.8%	423,3 k €	+3.2%	410,3 k €	-8.2%	447,1 k €
Cash	281,7 k €	-6.5%	301,4 k €	+1.8%	296,1 k €	+62.3%	182,4 k €	-5.3%	192,6 k €	+73.2%	111,2 k €	+2.2%	108,8 k €	+22.7%	88,7 k €	+18.7%	74,7 k €	-1.3%	75,7 k €	-15.6%	89,6 k €	-16.8%	107,7 k €	+17.8%	91,4 k €	+58.8%	57,6 k €	+20.2%	47,9 k €	-2.3%	49 k €	+138%	20,6 k €	-36.4%	32,3 k €
Debts	156,9 k €	-31.0%	227,4 k €	-26.3%	308,6 k €	+4.3%	295,8 k €	-16.8%	355,6 k €	-3.1%	366,9 k €	+75.4%	209,1 k €	+5.6%	198,1 k €	-12.8%	227,2 k €	+18.6%	191,6 k €	-21.7%	244,6 k €	-8.6%	267,7 k €	-1.7%	272,2 k €	+28.5%	211,8 k €	-2.9%	218,2 k €	-3.2%	225,5 k €	+4.5%	215,8 k €	-17.9%	262,9 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Marleen Moerkerke

Director

Active

Nicolas Belpaeme

Director

Active

Ended mandates

Nicolas Belpaeme

Manager · since 01 janvier 2015

Ended

Marleen Moerkerke

Manager · since 09 décembre 2013

Ended

Marleen Euphrasie Henri Moerkerke

Director

Ended

Marleen Moerkerke

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
MULTIMAT INVEST● Active	1012.651.591

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2026	24/06/2025	06/06/2024	24/07/2023	29/08/2022	30/07/2021
General meeting	13/03/2026	07/06/2025	01/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/03/2026	20/03/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	06/06/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	14/10/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	07/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Marleen Moerkerke

Director

Active

Nicolas Belpaeme

Director

Active

Ended mandates

Nicolas Belpaeme

Manager · since 01 janvier 2015

Ended

Marleen Moerkerke

Manager · since 09 décembre 2013

Ended

Marleen Euphrasie Henri Moerkerke

Director

Ended

Marleen Moerkerke

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring03/06/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/12/2018
KAPITAAL - AANDELEN
PDF
Mandates04/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202543,3 k €↓
2024
Annual accounts 202462 k €↓
2023
Annual accounts 2023118,2 k €↑
2022
Annual accounts 202234,3 k €↓
2021
Annual accounts 202175 k €↑
2018
Annual accounts 201819,7 k €↓
2017
Annual accounts 201730,2 k €↑
2016
Annual accounts 201617,7 k €↑
2015
Annual accounts 20151,4 k €↓
2014
Annual accounts 201418,6 k €↓
2013
Annual accounts 201325,3 k €↑
2012
Annual accounts 201223,7 k €↑
2011
Annual accounts 201112 k €↓
2010
Annual accounts 201024,8 k €↑
2009
Annual accounts 200919 k €↑
2008
Annual accounts 20083,3 k €↓
2007
Annual accounts 200710,3 k €↑
2006
Annual accounts 20065,2 k €
03/05/1985
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MULTIMAT

Overview

What does MULTIMAT do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline