ACTIVE

MULTITUDE

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Financial year 2025 · closed on 31/12/2025

Net result

25,7 k €

-15.9% YoY

Gross margin

75,1 k €

-5.5% YoY

Equity

270,5 k €

+10.5% YoY

What does MULTITUDE do?

MULTITUDE is a Public limited company incorporated in 1991. Its registered office is in Courcelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.399.767

Incorporation

22/02/1991

Legal form

Public limited company

Registered office

Rue de Seneffe (GY) 75B-77
6181 Courcelles · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	75,1 k €	-5.5%	79,5 k €	+9.8%	72,4 k €	+9.1%	66,3 k €	+6.2%	62,4 k €	-10.4%	69,7 k €	+102%	34,5 k €	-47.5%	65,7 k €	-10.8%	73,7 k €	-5.7%	78,1 k €	+1561%	4,7 k €		–		–		–		–		–		–		47,4 k €	+3.3%	45,9 k €	-0.7%	46,2 k €
EBITDA	63,3 k €	-6.9%	68 k €	+10.8%	61,4 k €	+9.0%	56,3 k €	+6.9%	52,6 k €	-12.2%	59,9 k €	+139%	25,1 k €	-56.2%	57,2 k €	-12.5%	65,3 k €	-6.6%	69,9 k €	+2127%	-3,5 k €	-2326%	-142,3 €	-100%	43,2 k €	+43.4%	30,1 k €	+34.7%	22,4 k €	-35.4%	34,6 k €	+13.0%	30,6 k €	-23.5%	40 k €	+3.8%	38,6 k €	-1.0%	38,9 k €
Operating result	36,9 k €	-14.1%	43 k €	+16.6%	36,9 k €	+13.9%	32,4 k €	+23.9%	26,1 k €	-23.6%	34,2 k €	+762%	4 k €	-90.3%	41 k €	-31.8%	60 k €	-12.2%	68,3 k €	+1523%	-4,8 k €	-189%	-1,7 k €	-104%	40,6 k €	+48.4%	27,4 k €	+382%	5,7 k €	-67.6%	17,5 k €	+29.4%	13,6 k €	-40.9%	23 k €	+59.2%	14,4 k €	-2.5%	14,8 k €
Net result	25,7 k €	-15.9%	30,6 k €	+21.7%	25,1 k €	+15.9%	21,7 k €	+31.8%	16,5 k €	-25.6%	22,1 k €	+5145%	421,6 €	-98.8%	34,4 k €	-12.8%	39,4 k €	-16.8%	47,4 k €	+1085%	-4,8 k €	-185%	-1,7 k €	-105%	31,3 k €	+46.4%	21,4 k €	+75.1%	12,2 k €	-16.9%	14,7 k €	-11.3%	16,5 k €	-15.6%	19,6 k €	+65.9%	11,8 k €	+6.8%	11,1 k €
Balance sheet
Equity	270,5 k €	+10.5%	244,7 k €	+14.3%	214,2 k €	+13.3%	189 k €	+13.0%	167,4 k €	+10.9%	150,9 k €	+17.2%	128,8 k €	+0.3%	128,4 k €	+18.2%	108,6 k €	+28.1%	84,7 k €	+38.6%	61,1 k €	-7.3%	66 k €	-2.5%	67,7 k €	-58.3%	162,2 k €	+15.2%	140,9 k €	-35.1%	217,2 k €	+7.2%	202,5 k €	+8.9%	185,9 k €	+11.8%	166,3 k €	+7.6%	154,5 k €
Total assets	358,2 k €	+2.3%	350 k €	+2.7%	340,7 k €	+2.0%	334,2 k €	-5.5%	353,7 k €	-3.8%	367,5 k €	-3.0%	378,8 k €	+53.6%	246,6 k €	+33.0%	185,4 k €	+42.2%	130,4 k €	+108%	62,8 k €	-4.8%	66 k €	-68.3%	207,8 k €	+21.1%	171,5 k €	+16.6%	147,1 k €	-35.3%	227,3 k €	+4.1%	218,4 k €	+16.2%	187,9 k €	+11.7%	168,3 k €	+3.0%	163,3 k €
Cash	50,6 k €	+54.0%	32,9 k €	+33.0%	24,7 k €	+257%	6,9 k €	-43.6%	12,3 k €	+16.7%	10,5 k €	-16.0%	12,5 k €	-79.8%	62,1 k €	+52.5%	40,7 k €	+13.3%	35,9 k €	+987%	3,3 k €	-88.2%	27,9 k €	+67.2%	16,7 k €	-60.9%	42,7 k €	+23.1%	34,7 k €	+64.2%	21,1 k €	-85.6%	146,6 k €	+51.3%	96,9 k €	+57.2%	61,6 k €	+83.6%	33,6 k €
Debts	86,8 k €	-17.6%	105,3 k €	-16.8%	126,6 k €	-11.4%	142,9 k €	-21.4%	181,9 k €	-16.0%	216,6 k €	-13.4%	250 k €	+111%	118,2 k €	+55.8%	75,9 k €	+69.6%	44,7 k €	+2613%	1,6 k €		–		140,1 k €	+2067%	6,5 k €	+91.5%	3,4 k €	-53.6%	7,3 k €	-54.2%	15,9 k €	+18652%	84,7 €	+330%	19,7 €	-99.7%	6,9 k €

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 · 4 active · 18 ended

Active mandates

JUSTINE JURION

Director · since 20 décembre 2023 · until 15 juin 2029

Active

Nathalie BATAILLE

Chairman of the board of directors · since 20 décembre 2023 · until 15 juin 2029

Active

Nathalie BATAILLE

Managing director · since 20 décembre 2023 · until 15 juin 2029

Active

Immo JUBA

Director · until 15 juin 2029 · 0462.757.009

Represented by Nathalie BATAILLE

Active

Ended mandates

Immo JUBA

Director · since 20 juillet 2021 · until 18 juin 2027 · 0462.757.009

Represented by Nathalie BATAILLE

Ended

JUSTINE JURION

Director · since 20 juillet 2021 · until 18 juin 2027

Ended

Nathalie BATAILLE

Managing director · since 20 juillet 2021 · until 18 juin 2027

Ended

JUSTINE JURION

Director · since 01 juillet 2016 · until 30 juin 2021

Ended

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	27/08/2026	30/08/2025	29/08/2024	08/08/2023	08/07/2022	27/08/2021
General meeting	19/06/2026	24/06/2025	23/06/2024	16/06/2023	20/06/2022	20/07/2021
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	19/06/2026	27/08/2026	French	PDF
Micro model	31/12/2024	24/06/2025	30/08/2025	French	PDF
Micro model	31/12/2023	23/06/2024	29/08/2024	French	PDF
Micro model	31/12/2022	16/06/2023	08/08/2023	French	PDF
Micro model	31/12/2021	20/06/2022	08/07/2022	French	PDF
Micro model	31/12/2020	20/07/2021	27/08/2021	French	PDF
Micro model	31/12/2019	21/08/2020	23/10/2020	French	PDF
Micro model	31/12/2018	21/06/2019	20/08/2019	French	PDF
Micro model	31/12/2017	15/06/2018	24/07/2018	French	PDF
Micro model	31/12/2016	16/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	French	PDF
Full model	31/12/2014	26/02/2015	25/03/2015	French	PDF
Full model	31/12/2013	20/06/2014	02/07/2014	French	PDF
Full model	31/12/2012	21/06/2013	26/06/2013	French	PDF
Full model	31/12/2011	15/06/2012	18/06/2012	French	PDF
Full model	31/12/2010	17/06/2011	05/07/2011	French	PDF
Full model	31/12/2009	18/06/2010	07/07/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	23/06/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	04/07/2007	French	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 · 4 active · 18 ended

Active mandates

JUSTINE JURION

Director · since 20 décembre 2023 · until 15 juin 2029

Active

Nathalie BATAILLE

Chairman of the board of directors · since 20 décembre 2023 · until 15 juin 2029

Active

Nathalie BATAILLE

Managing director · since 20 décembre 2023 · until 15 juin 2029

Active

Immo JUBA

Director · until 15 juin 2029 · 0462.757.009

Represented by Nathalie BATAILLE

Active

Ended mandates

Immo JUBA

Director · since 20 juillet 2021 · until 18 juin 2027 · 0462.757.009

Represented by Nathalie BATAILLE

Ended

JUSTINE JURION

Director · since 20 juillet 2021 · until 18 juin 2027

Ended

Nathalie BATAILLE

Managing director · since 20 juillet 2021 · until 18 juin 2027

Ended

JUSTINE JURION

Director · since 01 juillet 2016 · until 30 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/01/2012
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/09/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2005
DEMISSIONS, NOMINATIONS
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 202525,7 k €↓
2024
Annual accounts 202430,6 k €↑
2023
Annual accounts 202325,1 k €↑
2022
Annual accounts 202221,7 k €↑
2021
Annual accounts 202116,5 k €↓
2020
Annual accounts 202022,1 k €↑
2019
Annual accounts 2019421,6 €↓
2018
Annual accounts 201834,4 k €↓
2017
Annual accounts 201739,4 k €↓
2016
Annual accounts 201647,4 k €↑
2015
Annual accounts 2015-4,8 k €↓
2014
Annual accounts 2014-1,7 k €↓
2013
Annual accounts 201331,3 k €↑
2012
Annual accounts 201221,4 k €↑
2011
Annual accounts 201112,2 k €↓
2010
Annual accounts 201014,7 k €↓
2009
Annual accounts 200916,5 k €↓
2008
Annual accounts 200819,6 k €↑
2007
Annual accounts 200711,8 k €↑
2006
Annual accounts 200611,1 k €
22/02/1991
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

MULTITUDE

Overview

What does MULTITUDE 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