ACTIVE

MULTIGARDEN

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Financial year 2025 · closed on 31/12/2025

Net result

33,7 k €

+300.0% YoY

Gross margin

39,5 k €

+396.9% YoY

Equity

111,5 k €

+43.3% YoY

What does MULTIGARDEN do?

MULTIGARDEN is a Private limited company incorporated in 1991. Its main activity is: Construction of roads and motorways. Its registered office is in Ottignies-Louvain-la-Neuve.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.891.290

Incorporation

22/08/1991

Legal form

Private limited company

Registered office

Avenue de Jassans 3 box B
1342 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	39,5 k €	+397%	-13,3 k €	-69.4%	-7,9 k €	-151%	15,5 k €	+563%	2,3 k €	-89.0%	21,3 k €	+150%	8,5 k €	-69.3%	27,7 k €	-31.4%	40,4 k €	+230%	12,2 k €	-74.2%	47,5 k €	+5.3%	45,1 k €	-27.8%	62,4 k €	+123%	28 k €	-17.8%	34 k €	+515%	5,5 k €	-84.5%	35,6 k €	+72.1%	20,7 k €	+20.5%	17,2 k €
EBITDA	35,8 k €	+344%	-14,7 k €	-58.9%	-9,3 k €	-169%	13,4 k €	+1183%	1 k €	-94.8%	20,1 k €	+180%	7,2 k €	-72.8%	26,3 k €	-32.2%	38,9 k €	+259%	10,8 k €	-76.0%	45,1 k €	+6.7%	42,3 k €	-30.0%	60,4 k €	+135%	25,7 k €	-18.5%	31,6 k €	+821%	3,4 k €	-89.6%	32,8 k €	+80.0%	18,2 k €	+26.8%	14,4 k €
Operating result	35,1 k €	+296%	-17,9 k €	+2.4%	-18,4 k €	-407%	6 k €	+195%	-6,3 k €	-177%	8,2 k €	+7601%	-108,9 €	-101%	21,4 k €	-19.6%	26,6 k €	+1910%	-1,5 k €	-105%	32,5 k €	+9.5%	29,7 k €	-26.7%	40,5 k €	+208%	13,1 k €	-27.2%	18,1 k €	+506%	-4,4 k €	-118%	24,9 k €	+41.7%	17,6 k €	+120%	8 k €
Net result	33,7 k €	+300%	-16,9 k €	+9.5%	-18,6 k €	-491%	4,8 k €	+171%	-6,7 k €	-226%	5,3 k €	+2290%	222,4 €	-98.5%	14,9 k €	-10.7%	16,7 k €	+909%	-2,1 k €	-109%	22,9 k €	-26.6%	31,2 k €	-4.8%	32,8 k €	+177%	11,8 k €	-9.9%	13,1 k €	+334%	-5,6 k €	-125%	22,8 k €	+30.4%	17,5 k €	+122%	7,9 k €
Balance sheet
Equity	111,5 k €	+43.3%	77,8 k €	-17.8%	94,6 k €	-16.4%	113,3 k €	+4.4%	108,5 k €	-5.8%	115,2 k €	+4.8%	109,9 k €	+0.2%	109,7 k €	+15.8%	94,7 k €	+21.4%	78 k €	-2.6%	80,1 k €	+40.0%	57,2 k €	+2.1%	56 k €	+16.3%	48,2 k €	+3.9%	46,3 k €	+39.6%	33,2 k €	-14.4%	38,8 k €	+25.3%	31 k €	+37.9%	22,4 k €
Total assets	118,6 k €	+49.6%	79,3 k €	-25.6%	106,6 k €	-26.7%	145,5 k €	-8.5%	159 k €	-10.2%	177 k €	+8.2%	163,6 k €	+14.5%	142,9 k €	+4.5%	136,7 k €	-22.1%	175,6 k €	-3.9%	182,8 k €	+2.5%	178,3 k €	-6.7%	191,1 k €	+52.3%	125,5 k €	+0.0%	125,5 k €	+54.8%	81,1 k €	-25.6%	109 k €	+84.3%	59,1 k €	+52.2%	38,8 k €
Cash	54 k €	+101%	26,9 k €	-57.2%	62,9 k €	-47.8%	120,5 k €	+6.5%	113,1 k €	-11.8%	128,1 k €	+18.7%	108 k €	-8.7%	118,3 k €	+2.3%	115,7 k €	-17.6%	140,4 k €	+12.5%	124,8 k €	+19.8%	104,1 k €	-8.4%	113,7 k €	+74.4%	65,2 k €	+14.3%	57 k €	+76.7%	32,3 k €	-38.4%	52,4 k €	+3.8%	50,5 k €	+422%	9,7 k €
Debts	7,1 k €	+373%	1,5 k €	-87.5%	12 k €	-62.9%	32,2 k €	-36.2%	50,5 k €	-18.3%	61,8 k €	+15.9%	53,3 k €	+64.4%	32,4 k €	-20.6%	40,9 k €	-57.5%	96,1 k €	-4.7%	100,8 k €	-14.1%	117,3 k €	-10.4%	131 k €	+79.8%	72,8 k €	-1.9%	74,3 k €	+60.2%	46,4 k €	-32.5%	68,6 k €	+158%	26,6 k €	+79.0%	14,9 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 · 1 active · 1 ended

Active mandates

Michel STENUIT

Director

Active

Ended mandates

Michel STENUIT

Manager

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	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	09/07/2026	17/06/2025	16/07/2024	13/04/2023	21/04/2022	29/04/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	11/03/2023	12/03/2022	13/03/2021
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	15/06/2026	09/07/2026	French	PDF
Micro model	31/12/2024	16/06/2025	17/06/2025	French	PDF
Micro model	31/12/2023	17/06/2024	16/07/2024	French	PDF
Micro model	30/09/2022	11/03/2023	13/04/2023	French	PDF
Micro model	30/09/2021	12/03/2022	21/04/2022	French	PDF
Micro model	30/09/2020	13/03/2021	29/04/2021	French	PDF
Micro model	30/09/2019	14/03/2020	29/04/2020	French	PDF
Micro model	30/09/2018	09/03/2019	11/03/2019	French	PDF
Micro model	30/09/2017	10/03/2018	23/03/2018	French	PDF
Abridged model	30/09/2016	11/03/2017	28/03/2017	French	PDF
Abridged model	30/09/2015	12/03/2016	28/04/2016	French	PDF
Abridged model	30/09/2014	14/03/2015	16/04/2015	French	PDF
Abridged model	30/09/2013	08/03/2014	18/04/2014	French	PDF
Abridged model	30/09/2012	09/03/2013	10/04/2013	French	PDF
Abridged model	30/09/2011	10/03/2012	30/04/2012	French	PDF
Abridged model	30/09/2010	12/03/2011	31/03/2011	French	PDF
Abridged model	30/09/2009	13/03/2010	13/04/2010	French	PDF
Abridged model	30/09/2008	14/03/2009	27/03/2009	French	PDF
Abridged model	30/09/2007	08/03/2008	28/03/2008	French	PDF
Abridged model	30/09/2006	10/03/2007	28/03/2007	French	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 · 1 active · 1 ended

Active mandates

Michel STENUIT

Director

Active

Ended mandates

Michel STENUIT

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates28/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office23/06/2008
SIEGE SOCIAL
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 202533,7 k €↑
2024
Annual accounts 2024-16,9 k €↑
2023
Annual accounts 2023-18,6 k €↓
2022
Annual accounts 20224,8 k €↑
2021
Annual accounts 2021-6,7 k €↓
2020
Annual accounts 20205,3 k €↑
2019
Annual accounts 2019222,4 €↓
2018
Annual accounts 201814,9 k €↓
2017
Annual accounts 201716,7 k €↑
2016
Annual accounts 2016-2,1 k €↓
2015
Annual accounts 201522,9 k €↓
2014
Annual accounts 201431,2 k €↓
2013
Annual accounts 201332,8 k €↑
2012
Annual accounts 201211,8 k €↓
2011
Annual accounts 201113,1 k €↑
2010
Annual accounts 2010-5,6 k €↓
2009
Annual accounts 200922,8 k €↑
2008
Annual accounts 200817,5 k €↑
2007
Annual accounts 20077,9 k €
22/08/1991
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

MULTIGARDEN

Overview

What does MULTIGARDEN do?

Trend over 19 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