ACTIVE

MULTIFORM

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Financial year 2025 · closed on 31/12/2025

Net result

-38,3 k €

-157.2% YoY

Gross margin

1,2 M €

-16.5% YoY

Equity

4,3 M €

+2.5% YoY

Workforce

13,7 ETP

-10.5% YoY

What does MULTIFORM do?

MULTIFORM is a Public limited company incorporated in 1987. Its main activity is: Sawmilling and planing of wood. Its registered office is in Estaimpuis. It employs on average 13,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.457.789

Incorporation

06/02/1987

Legal form

Public limited company

Registered office

Porte des Bâtisseurs(EST) 32
7730 Estaimpuis · WallonieSee on map

Contributed capital

923 525,47 €

Latest accounts

31/12/2025

Average workforce

13,7 ETP

Activities (NACE)

16100Sawmilling and planing of wood· main 16110Sawmilling and planing of wood 20101Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms 46732Wholesale of wood, construction materials and sanitary equipment 46832Wholesale trade, except of motor vehicles and motorcycles 51531Air transport+2

Joint committees (4)

125
12502
200
218

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,2 M €	-16.5%	1,5 M €	-0.3%	1,5 M €	-5.5%	1,6 M €	-18.6%	1,9 M €	+28.6%	1,5 M €	+6.1%	1,4 M €	-43.6%	2,5 M €	+57.3%	1,6 M €	+21.7%	1,3 M €	-5.2%	1,4 M €	+152%	550 k €	-16.3%	656,7 k €	+13.6%	578 k €	+25.9%	459,1 k €	+10.7%	414,6 k €	+4.8%	395,6 k €	-21.6%	504,6 k €	+16.0%	435,1 k €	+8.6%	400,5 k €
EBITDA	400,5 k €	-34.2%	608,2 k €	-8.1%	661,8 k €	-8.9%	726,7 k €	-35.4%	1,1 M €	+119%	514,5 k €	-22.2%	661,5 k €	-64.6%	1,9 M €	+249%	535,1 k €	+185%	187,9 k €	-49.2%	370,1 k €	+20.4%	307,3 k €	-23.3%	400,5 k €	+41.7%	282,6 k €	+78.3%	158,5 k €	+71.1%	92,6 k €	-1.3%	93,8 k €	-46.6%	175,8 k €	+67.9%	104,7 k €	+89.5%	55,3 k €
Operating result	-204,3 k €	-306%	99,1 k €	-49.8%	197,5 k €	-59.4%	486,4 k €	+104%	238,9 k €	+768%	-35,8 k €	-122%	162,3 k €	-91.1%	1,8 M €	+1125%	148,2 k €	+238%	43,8 k €	-80.1%	220,5 k €	-3.8%	229,1 k €	-21.8%	293 k €	+61.0%	182 k €	+267%	49,6 k €	+123%	22,2 k €	-34.2%	33,8 k €	-65.0%	96,4 k €	+682%	12,3 k €	+128%	-44,2 k €
Net result	-38,3 k €	-157%	66,9 k €	-57.9%	159 k €	-61.7%	415,1 k €	+91.2%	217,2 k €	+400%	-72,4 k €	-184%	85,9 k €	-94.1%	1,5 M €	+1906%	72,7 k €	+232%	21,9 k €	-86.8%	165,3 k €	-1.5%	167,9 k €	-17.3%	203 k €	+73.5%	117 k €	+208%	38 k €	+84.5%	20,6 k €	-4.3%	21,5 k €	-74.2%	83,4 k €	+971%	7,8 k €	-48.9%	15,2 k €
Balance sheet
Equity	4,3 M €	+2.5%	4,2 M €	+0.8%	4,2 M €	+3.0%	4 M €	+5.2%	3,8 M €	-0.4%	3,9 M €	-3.4%	4 M €	+5.8%	3,8 M €	+106%	1,8 M €	+4.1%	1,8 M €	+1.3%	1,7 M €	+112%	815,9 k €	-0.1%	816,7 k €	+33.1%	613,7 k €	+23.6%	496,7 k €	+8.3%	458,7 k €	+4.7%	438,2 k €	+5.2%	416,7 k €	+25.0%	333,3 k €	+2.4%	325,5 k €
Total assets	10,6 M €	+8.3%	9,8 M €	+4.4%	9,4 M €	-3.7%	9,8 M €	-3.2%	10,1 M €	-3.5%	10,5 M €	-6.6%	11,2 M €	+2.7%	10,9 M €	+21.7%	9 M €	+105%	4,4 M €	+36.6%	3,2 M €	+53.2%	2,1 M €	+13.8%	1,8 M €	+11.2%	1,6 M €	-11.1%	1,9 M €	+59.9%	1,2 M €	+3.0%	1,1 M €	-11.8%	1,3 M €	-13.0%	1,5 M €	-1.0%	1,5 M €
Cash	145,4 k €	+1891%	7,3 k €	-82.5%	41,8 k €	-91.1%	469,4 k €	+171%	173,2 k €	+201%	57,5 k €	+49.7%	38,4 k €	-93.1%	555,4 k €	+636%	75,5 k €	-59.6%	187,1 k €	+155%	73,3 k €	+264%	20,1 k €	-80.0%	100,6 k €	+624%	13,9 k €	-61.7%	36,3 k €	+74.0%	20,9 k €	-81.0%	109,8 k €	+842%	11,7 k €	-83.2%	69,5 k €	+261%	19,3 k €
Debts	6,1 M €	+13.4%	5,4 M €	+7.7%	5 M €	-8.7%	5,5 M €	-3.7%	5,7 M €	-7.3%	6,1 M €	-10.2%	6,8 M €	+1.3%	6,7 M €	-1.9%	6,9 M €	+182%	2,4 M €	+76.2%	1,4 M €	+9.8%	1,3 M €	+28.2%	982,5 k €	-1.5%	997,5 k €	-24.9%	1,3 M €	+101%	659,9 k €	+3.5%	637,4 k €	-22.9%	826,7 k €	-26.9%	1,1 M €	-2.1%	1,2 M €
Other
Workforce	13,7 ETP	-10.5%	15,3 ETP	-7.8%	16,6 ETP	+1.8%	16,3 ETP	-4.1%	17,0 ETP	-8.6%	18,6 ETP	+5.7%	17,6 ETP	+5.4%	16,7 ETP	-14.8%	19,6 ETP	-4.4%	20,5 ETP	+5.1%	19,5 ETP	+187%	6,8 ETP	-1.4%	6,9 ETP	0.0%	6,9 ETP	-10.4%	7,7 ETP	-12.5%	8,8 ETP	+3.5%	8,5 ETP	-15.0%	10,0 ETP	+1.0%	9,9 ETP	+5.3%	9,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Active

MOBIFIT

Managing director · since 17 novembre 2022 · until 08 avril 2028 · 0462.002.981

Represented by Rudi VEREECKE

Active

Ended mandates

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Ended

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Ended

MOBIFIT

Managing director · since 17 novembre 2022 · until 08 avril 2028 · 0462.002.981

Represented by Rudi VEREECKE

Ended

MOBIFIT

Managing director · since 22 juin 2019 · until 12 avril 2025 · 0462.002.981

Represented by Rudi VEREECKE

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	04/05/2026	29/04/2025	07/05/2024	22/05/2023	16/05/2022	12/04/2021
General meeting	30/04/2026	26/04/2025	04/05/2024	06/05/2023	30/04/2022	10/04/2021
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
Abridged model	31/12/2025	30/04/2026	04/05/2026	French	PDF
Abridged model	31/12/2024	26/04/2025	29/04/2025	French	PDF
Abridged model	31/12/2023	04/05/2024	07/05/2024	French	PDF
Abridged model	31/12/2022	06/05/2023	22/05/2023	French	PDF
Abridged model	31/12/2021	30/04/2022	16/05/2022	French	PDF
Abridged model	31/12/2020	10/04/2021	12/04/2021	French	PDF
Abridged model	31/12/2019	24/04/2020	28/04/2020	French	PDF
Abridged model	31/12/2018	22/06/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	15/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/05/2017	02/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	17/05/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	03/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	13/04/2013	03/05/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/05/2011	10/05/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 18 ended

Active mandates

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Active

MOBIFIT

Managing director · since 17 novembre 2022 · until 08 avril 2028 · 0462.002.981

Represented by Rudi VEREECKE

Active

Ended mandates

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Ended

Aemulus

Director · since 17 novembre 2022 · until 08 avril 2028 · 0730.714.064

Represented by Elisabeth FENAUX

Ended

MOBIFIT

Managing director · since 17 novembre 2022 · until 08 avril 2028 · 0462.002.981

Represented by Rudi VEREECKE

Ended

MOBIFIT

Managing director · since 22 juin 2019 · until 12 avril 2025 · 0462.002.981

Represented by Rudi VEREECKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2020
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/12/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/02/2015
KAPITAAL - AANDELEN
PDF
Mandates14/06/2013
ONTSLAGEN - BENOEMINGEN
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 2025-38,3 k €↓
2024
Annual accounts 202466,9 k €↓
2023
Annual accounts 2023159 k €↓
2022
Annual accounts 2022415,1 k €↑
2021
Annual accounts 2021217,2 k €↑
2020
Annual accounts 2020-72,4 k €↓
2019
Annual accounts 201985,9 k €↓
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 201772,7 k €↑
2016
Annual accounts 201621,9 k €↓
2015
Annual accounts 2015165,3 k €↓
2014
Annual accounts 2014167,9 k €↓
2013
Annual accounts 2013203 k €↑
2012
Annual accounts 2012117 k €↑
2011
Annual accounts 201138 k €↑
2010
Annual accounts 201020,6 k €↓
2009
Annual accounts 200921,5 k €↓
2008
Annual accounts 200883,4 k €↑
2007
Annual accounts 20077,8 k €↓
2006
Annual accounts 200615,2 k €
06/02/1987
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

MULTIFORM

Overview

What does MULTIFORM do?

Trend over 20 financial years

Indicative valuation

Board of directors

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