ACTIVE

MULTRASHIP BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

-8,8 k €

-146.2% YoY

Gross margin

166,7 k €

-0.2% YoY

Equity

116,5 k €

-7.1% YoY

What does MULTRASHIP BELGIUM do?

MULTRASHIP BELGIUM is a Public limited company incorporated in 1985. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.683.193

Incorporation

08/08/1985

Legal form

Public limited company

Registered office

Tavernierkaai 2 box 3
2000 Antwerpen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	166,7 k €	-0.2%	167,2 k €	+5.9%	157,9 k €	+10.4%	142,9 k €	+1775%	7,6 k €	-0.2%	7,6 k €	+0.6%	7,6 k €	-8.0%	8,2 k €	+10.3%	7,5 k €	-72.6%	27,3 k €	-39.1%	44,9 k €	-2.6%	46,1 k €	-0.7%	46,4 k €	+90.5%	24,4 k €	+673%	3,2 k €	-36.6%	5 k €	-67.7%	15,4 k €	-13.7%	17,9 k €	+97.7%	9 k €	+0.5%	9 k €
EBITDA	4,8 k €	-85.7%	33,7 k €	+184%	11,9 k €	-47.6%	22,6 k €	+221%	7,1 k €	-0.3%	7,1 k €	+1.9%	6,9 k €	-14.8%	8,2 k €	+10.4%	7,4 k €	-72.7%	27 k €	-38.9%	44,2 k €	-2.7%	45,4 k €	-0.8%	45,8 k €	+92.6%	23,8 k €	+831%	2,6 k €	-41.7%	4,4 k €	-70.7%	15 k €	-14.1%	17,4 k €	+103%	8,6 k €	+0.4%	8,5 k €
Operating result	-7,7 k €	-138%	20,3 k €	+1984%	-1,1 k €	-108%	14,4 k €	+131%	6,2 k €	+15.0%	5,4 k €	-22.0%	6,9 k €	-5.1%	7,3 k €	+11.7%	6,6 k €	-75.0%	26,2 k €	-39.7%	43,4 k €	-2.7%	44,6 k €	-0.8%	44,9 k €	+96.0%	22,9 k €	+1233%	1,7 k €	-60.7%	4,4 k €	-70.7%	15 k €	-14.1%	17,4 k €	+299%	4,4 k €	+7.1%	4,1 k €
Net result	-8,8 k €	-146%	19,1 k €	+787%	-2,8 k €	-122%	12,5 k €	+6.0%	11,8 k €	+7.8%	11 k €	-35.8%	17,1 k €	-1.1%	17,3 k €	+8.2%	16 k €	-54.8%	35,3 k €	-31.5%	51,6 k €	+1.7%	50,7 k €	+3.4%	49 k €	+90.7%	25,7 k €	+556%	3,9 k €	-30.4%	5,6 k €	-62.4%	15 k €	-31.0%	21,7 k €	+66.2%	13,1 k €	+8.3%	12,1 k €
Balance sheet
Equity	116,5 k €	-7.1%	125,3 k €	+18.0%	106,2 k €	-2.6%	109 k €	+13.0%	96,4 k €	-74.9%	384,6 k €	+2.9%	373,6 k €	+4.8%	356,5 k €	+5.1%	339,2 k €	+4.9%	323,2 k €	+12.3%	287,9 k €	+21.8%	236,3 k €	+27.3%	185,6 k €	+35.9%	136,6 k €	+23.2%	110,9 k €	+3.7%	106,9 k €	+5.6%	101,3 k €	+81.5%	55,8 k €	-80.7%	289,3 k €	+4.7%	276,3 k €
Total assets	160,9 k €	+3.5%	155,5 k €	+13.2%	137,4 k €	-20.0%	171,7 k €	+74.9%	98,2 k €	-74.5%	384,6 k €	+2.9%	373,8 k €	+4.7%	357 k €	+5.1%	339,6 k €	+5.0%	323,4 k €	-43.5%	572,4 k €	+12.4%	509,1 k €	+13.7%	448 k €	+15.2%	389 k €	+10.9%	350,9 k €	+228%	106,9 k €	+5.6%	101,3 k €	+81.5%	55,8 k €	-81.6%	303,4 k €	+4.9%	289,1 k €
Cash	81,2 k €	+66.1%	48,8 k €	+12.6%	43,4 k €	-58.9%	105,4 k €	+126%	46,6 k €	+1.6%	45,9 k €	+8.7%	42,2 k €	+2.7%	41,1 k €	-9.4%	45,3 k €	-1.1%	45,8 k €	+413%	8,9 k €	-16.6%	10,7 k €	-6.6%	11,5 k €	+1.0%	11,4 k €	+68.2%	6,8 k €	-0.3%	6,8 k €	-82.9%	39,6 k €	+148%	15,9 k €	+911%	1,6 k €	-66.5%	4,7 k €
Debts	44,5 k €	+47.4%	30,2 k €	-3.3%	31,2 k €	-50.3%	62,8 k €	+3491%	1,7 k €		–		235 €	-52.9%	498,6 €	+37.6%	362,4 €	+115%	168,6 €	-99.9%	284,5 k €	+4.3%	272,7 k €	+4.0%	262,2 k €	+4.0%	252,1 k €	+5.0%	240 k €		–		–		–		14 k €	+9.1%	12,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Muller Maritime Holding

Director · since 06 juin 2023 · until 12 juin 2028

Represented by Leendert Muller

Active

Pepijn Nuijten

Director · since 06 juin 2023 · until 12 juin 2028

Active

Ended mandates

Muller Maritime Holding BV BO

Director · since 06 juin 2023 · until 01 juin 2028

Represented by Leendert Muller

Ended

Muller Maritime Holding BV BO

Director · since 06 juin 2023 · until 12 juin 2028

Represented by Leendert Muller

Ended

Pepijn Nuijten

Director · since 06 juin 2023 · until 10 juin 2028

Ended

Muller Maritime Holding BV

Director · since 30 décembre 2017 · until 12 juin 2023

Represented by Leendert Muller

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	28/07/2026	22/07/2025	07/08/2024	28/08/2023	31/08/2022	23/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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	08/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	22/07/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	07/08/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	23/07/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 14 ended

Active mandates

Muller Maritime Holding

Director · since 06 juin 2023 · until 12 juin 2028

Represented by Leendert Muller

Active

Pepijn Nuijten

Director · since 06 juin 2023 · until 12 juin 2028

Active

Ended mandates

Muller Maritime Holding BV BO

Director · since 06 juin 2023 · until 01 juin 2028

Represented by Leendert Muller

Ended

Muller Maritime Holding BV BO

Director · since 06 juin 2023 · until 12 juin 2028

Represented by Leendert Muller

Ended

Pepijn Nuijten

Director · since 06 juin 2023 · until 10 juin 2028

Ended

Muller Maritime Holding BV

Director · since 30 décembre 2017 · until 12 juin 2023

Represented by Leendert Muller

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/01/2012
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/07/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025-8,8 k €↓
2024
Annual accounts 202419,1 k €↑
2023
Annual accounts 2023-2,8 k €↓
2022
Annual accounts 202212,5 k €↑
2021
Annual accounts 202111,8 k €↑
2020
Annual accounts 202011 k €↓
2019
Annual accounts 201917,1 k €↓
2018
Annual accounts 201817,3 k €↑
2017
Annual accounts 201716 k €↓
2016
Annual accounts 201635,3 k €↓
2015
Annual accounts 201551,6 k €↑
2014
Annual accounts 201450,7 k €↑
2013
Annual accounts 201349 k €↑
2012
Annual accounts 201225,7 k €↑
2011
Annual accounts 20113,9 k €↓
2011
Name changeMultraship Belgium
2010
Annual accounts 20105,6 k €↓
2009
Annual accounts 200915 k €↓
2008
Annual accounts 200821,7 k €↑
2007
Annual accounts 200713,1 k €↑
2006
Annual accounts 200612,1 k €
2006
Name changeKEES MULLER MARINE
08/08/1985
IncorporationPublic 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

MULTRASHIP BELGIUM

Overview

What does MULTRASHIP BELGIUM do?

Trend over 20 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