ACTIVE

Multicall Business Services & Security

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Financial year 2025 · closed on 31/12/2025

Net result

43,2 k €

+34.5% YoY

Gross margin

55,5 k €

+30.6% YoY

Equity

429,3 k €

-11.7% YoY

What does Multicall Business Services & Security do?

Multicall Business Services & Security is a Public limited company incorporated in 1987. Its main activity is: Activities of holding companies. Its registered office is in Erpe-Mere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.052.261

Incorporation

30/04/1987

Legal form

Public limited company

Registered office

Impestraat 23 box 3
9420 Erpe-Mere · FlandreSee on map

Contributed capital

142 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 69209Accounting, bookkeeping and auditing activities; tax consultancy 61100Wired telecommunications activities 61200Wireless telecommunications activities

Joint committees (2)

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 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	55,5 k €	+30.6%	42,5 k €	+2888%	1,4 k €	+114%	-10,3 k €	-122%	46,4 k €	+26.2%	36,8 k €	-10.5%	41,1 k €	-51.2%	84,1 k €	+80.3%	46,6 k €	-33.8%	70,5 k €	+1310%	5 k €	-32.2%	7,4 k €	+147%	-15,6 k €	-123%	67 k €	+100%	33,4 k €	-72.7%	122,3 k €	-1.5%	124,2 k €	-34.2%	188,8 k €	+137%	79,6 k €	+159%	30,7 k €
EBITDA	54,9 k €	+31.0%	41,9 k €	+5323%	773,5 €	+104%	-20,1 k €	-144%	45,9 k €	+26.6%	36,2 k €	-10.8%	40,6 k €	-51.7%	84,1 k €	+172%	30,9 k €	-54.6%	68 k €	+3241%	2 k €	-62.3%	5,4 k €	+127%	-20,1 k €	-151%	39,3 k €	+73.0%	22,7 k €	-77.3%	100,2 k €	+10.6%	90,6 k €	-14.1%	105,6 k €	+553%	16,2 k €	+15.0%	14,1 k €
Operating result	54,9 k €	+32.4%	41,5 k €	+20997%	-198,7 €	+99.1%	-21 k €	-146%	45,3 k €	+25.2%	36,2 k €	-10.8%	40,6 k €	-51.7%	84,1 k €	+172%	30,9 k €	-54.6%	68 k €	+3241%	2 k €	-77.7%	9,1 k €	+6.2%	8,6 k €	+14.5%	7,5 k €	+31.5%	5,7 k €	-92.4%	74,9 k €	+9.0%	68,7 k €	-26.0%	92,9 k €	+2559%	3,5 k €	+156%	1,4 k €
Net result	43,2 k €	+34.5%	32,1 k €	+32848%	97,4 €	+100%	-20 k €	-169%	29 k €	+8.9%	26,7 k €	-4.3%	27,9 k €	-51.4%	57,3 k €	+199%	19,2 k €	-56.1%	43,6 k €	+4001%	1,1 k €	-86.9%	8,1 k €	+564%	1,2 k €	-95.7%	28,5 k €	+2381%	1,1 k €	-97.9%	55,4 k €	+23.8%	44,8 k €	-24.3%	59,2 k €	+1057%	5,1 k €	+177%	1,8 k €
Balance sheet
Equity	429,3 k €	-11.7%	486,1 k €	+7.1%	454,1 k €	+0.0%	454 k €	-4.2%	474 k €	+6.5%	444,9 k €	+6.4%	418,2 k €	+7.1%	390,4 k €	+17.2%	333 k €	+6.1%	313,9 k €	+16.1%	270,3 k €	+0.4%	269,2 k €	+3.1%	261,1 k €	+0.5%	259,9 k €	+12.3%	231,4 k €	+0.5%	230,2 k €	+31.7%	174,8 k €	+34.4%	130 k €	+78.5%	72,9 k €	+695%	-12,3 k €
Total assets	599,4 k €	+7.0%	560,4 k €	+8.5%	516,4 k €	+1.3%	509,8 k €	-2.3%	521,8 k €	+10.0%	474,5 k €	+3.9%	456,8 k €	-24.1%	601,8 k €	+44.5%	416,4 k €	+13.8%	366,1 k €	+16.8%	313,5 k €	-8.9%	344 k €	+3.9%	331 k €	-2.9%	341 k €	+5.2%	324,1 k €	-0.2%	324,7 k €	+6.9%	303,8 k €	+28.7%	236 k €	+25.6%	187,8 k €	-43.1%	330,3 k €
Cash	100,9 k €	+160%	38,8 k €	+32.0%	29,4 k €	-34.6%	44,9 k €	-3.1%	46,3 k €		–		38,8 k €	+47.6%	26,3 k €	-9.0%	28,9 k €	-45.8%	53,3 k €	+418%	10,3 k €	-26.5%	14 k €	-78.8%	66,2 k €	-23.6%	86,6 k €	+349%	19,3 k €	+137%	8,1 k €	-52.4%	17,1 k €	-71.7%	60,3 k €	-6.6%	64,6 k €	+141%	26,8 k €
Debts	167,6 k €	+134%	71,8 k €	+19.9%	59,8 k €	+12.2%	53,3 k €	+17.5%	45,4 k €	+67.7%	27,1 k €	-25.0%	36,1 k €	-82.7%	209 k €	+158%	80,9 k €	+62.7%	49,7 k €	+22.0%	40,7 k €	-43.6%	72,3 k €	+7.2%	67,4 k €	-16.4%	80,7 k €	-13.0%	92,7 k €	-1.5%	94,2 k €	-26.9%	128,8 k €	+21.8%	105,7 k €	-8.0%	115 k €	-66.0%	338,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-50.0%	0,6 ETP	-25.0%	0,8 ETP	-46.7%	1,5 ETP	+7.1%	1,4 ETP	+133%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Michaël Mathieu

Director · since 15 juillet 2021 · until 26 mai 2029

Active

Pieter Vandesande

Director · since 30 juillet 2016 · until 26 mai 2029

Active

Ended mandates

Michaël Mathieu

Director · since 15 juillet 2021

Ended

Multicall Invest & Management

Managing director · since 30 juillet 2016 · until 15 juillet 2021 · 0462.660.504

Represented by Van DE VELDE PATRICK

Ended

Pieter Vandesande

Director · since 30 juillet 2016 · until 30 juillet 2022

Ended

Pieter Vandesande

Director · since 30 juillet 2016

Ended

At this address

Other companies at this address

Company	CBE no.
DSM Team● Active	0466.041.052
Multicall Group● Active	0773.593.311
Oly Solutions● Active	0804.452.672

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	15/07/2026	26/05/2025	09/07/2024	28/07/2023	12/07/2022	20/07/2021
General meeting	24/06/2026	24/05/2025	30/06/2024	30/06/2023	24/06/2022	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
Abridged model	31/12/2025	24/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/05/2025	26/05/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/08/2020	05/10/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/07/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 15 ended

Active mandates

Michaël Mathieu

Director · since 15 juillet 2021 · until 26 mai 2029

Active

Pieter Vandesande

Director · since 30 juillet 2016 · until 26 mai 2029

Active

Ended mandates

Michaël Mathieu

Director · since 15 juillet 2021

Ended

Multicall Invest & Management

Managing director · since 30 juillet 2016 · until 15 juillet 2021 · 0462.660.504

Represented by Van DE VELDE PATRICK

Ended

Pieter Vandesande

Director · since 30 juillet 2016 · until 30 juillet 2022

Ended

Pieter Vandesande

Director · since 30 juillet 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/01/2008
KAPITAAL - AANDELEN
PDF
Mandates10/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2005
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 202543,2 k €↑
2024
Annual accounts 202432,1 k €↑
2023
Annual accounts 202397,4 €↑
2022
Annual accounts 2022-20 k €↓
2021
Annual accounts 202129 k €↑
2020
Annual accounts 202026,7 k €↓
2019
Annual accounts 201927,9 k €↓
2018
Annual accounts 201857,3 k €↑
2017
Annual accounts 201719,2 k €↓
2016
Annual accounts 201643,6 k €↑
2015
Annual accounts 20151,1 k €↓
2014
Annual accounts 20148,1 k €↑
2013
Annual accounts 20131,2 k €↓
2012
Annual accounts 201228,5 k €↑
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 201055,4 k €↑
2009
Annual accounts 200944,8 k €↓
2008
Annual accounts 200859,2 k €↑
2007
Annual accounts 20075,1 k €↑
2006
Annual accounts 20061,8 k €
30/04/1987
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

Multicall Business Services & Security

Overview

What does Multicall Business Services & Security 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