ACTIVE

MULTI SPRAY ENTERPRISES

Financial year 2025 · Closed on 31/12/2025

Net result6,8 k €-69,5 %over 1 year

Gross margin23,3 k €-28,7 %over 1 year

Equity256,3 k €+2,7 %over 1 year

Identity

Source · BCE/KBO

MULTI SPRAY ENTERPRISES is a Private company with limited liability incorporated in 1992. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Mechelen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0446.627.491
Incorporation: 20/02/1992
Legal form: Private company with limited liability
Registered office: Antwerpsesteenweg 147
2800 Mechelen · FlandreSee on map
Contributed capital: 90 100,00 €
Latest accounts: 31/12/2025

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 43350Building completion and finishing 43390Other building completion and finishing 45450Sale, maintenance and repair of motorcycles and related parts and accessories

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	23,3 k €	-28.7%	32,7 k €	-24.4%	43,3 k €	+9.1%	39,6 k €	-9.7%	43,9 k €
EBITDA	17,7 k €	-40.9%	30 k €	-29.3%	42,5 k €	+27.8%	33,2 k €	-22.8%	43 k €
Operating result	10,7 k €	-59.8%	26,7 k €	-31.8%	39,1 k €	+32.9%	29,4 k €	-24.6%	39,1 k €
Net result	6,8 k €	-69.5%	22,4 k €	-29.1%	31,6 k €	+30.1%	24,3 k €	+101%	12,1 k €
Balance sheet
Equity	256,3 k €	+2.7%	249,5 k €	+3.1%	242,1 k €	+6.2%	228 k €	+4.2%	218,7 k €
Total assets	329,3 k €	-11.0%	370 k €	+0.1%	369,8 k €	+9.4%	337,9 k €	+16.3%	290,5 k €
Cash	161,7 k €	+19.8%	134,9 k €	-41.3%	229,9 k €	+66.9%	137,7 k €	-12.6%	157,5 k €
Debts	73,1 k €	-39.4%	120,5 k €	-5.6%	127,7 k €	+16.2%	109,9 k €	+53.1%	71,8 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leon Van Immerseel	ManagerDirector2020 accountsended

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Antwerpsesteenweg 147 2800 Mechelen

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Holding Immo & Management Mivaris● Liquidation	0880.217.392
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STÔME● Active	0434.090.539

Full financial information

Source · NBB

	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	10/07/2026	30/06/2025	12/07/2024	06/07/2023	01/07/2022	30/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	10/07/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	06/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	24/09/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	16/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	26/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	03/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	09/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	24/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leon Van Immerseel	ManagerDirector2020 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares24/12/2013
KAPITAAL - AANDELEN
PDF
Other05/03/2008
Voor uittreksel,
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Leon Van Immerseel

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

M.S.E.MULTI SPRAY ENTERPRISES

Antwerpsesteenweg 147, 2800 Mechelen

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Antwerpsesteenweg 147, 2800 MechelenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00282741

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MULTI SPRAY ENTERPRISESCurrent		CBE
M.S.E.	accounts 2021 → 2025	Accounts 2025 · 2026-00282741
MULTI SPRAY ENTERPRISES	accounts 2006 → 2020	Accounts 2020 · 2021-28000122

Events

2025
Annual accounts 20256,8 k €↓
2024
Annual accounts 202422,4 k €↓
2023
Annual accounts 202331,6 k €↑
2022
Annual accounts 202224,3 k €↑
2021
Annual accounts 202112,1 k €↓
2021
Name changeM.S.E.
2020
Annual accounts 202014,5 k €↓
2019
Annual accounts 201927,2 k €↑
2018
Annual accounts 20183,6 k €↓
2017
Annual accounts 201748,5 k €↑
2016
Annual accounts 201642,7 k €↓
2015
Annual accounts 201557,4 k €↑
2014
Annual accounts 201457,3 k €↑
2013
Annual accounts 201311,9 k €↓
2012
Annual accounts 201212,2 k €↓
2011
Annual accounts 201112,4 k €↑
2010
Annual accounts 20106,6 k €↓
2009
Annual accounts 200924,1 k €↑
2008
Annual accounts 2008-8,1 k €↓
2007
Annual accounts 200723,9 k €↑
2006
Annual accounts 20062,2 k €
20/02/1992
IncorporationPrivate company with limited liability

MULTI SPRAY ENTERPRISES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events