ACTIVE

MULTI SPRAY ENTERPRISES

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Financial year 2025 · closed on 31/12/2025

Net result

6,8 k €

-69.5% YoY

Gross margin

23,3 k €

-28.7% YoY

Equity

256,3 k €

+2.7% YoY

What does MULTI SPRAY ENTERPRISES do?

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

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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	23,3 k €	-28.7%	32,7 k €	-24.4%	43,3 k €	+9.1%	39,6 k €	-9.7%	43,9 k €	+42.1%	30,9 k €	-34.0%	46,8 k €	+110%	22,3 k €	-68.4%	70,6 k €	+9.1%	64,7 k €	-17.8%	78,7 k €	+6.9%	73,7 k €	+334%	17 k €	-8.5%	18,6 k €	-11.9%	21,1 k €	-30.3%	30,2 k €	-43.7%	53,7 k €	+245%	15,6 k €	-81.1%	82,2 k €	+130%	35,7 k €
EBITDA	17,7 k €	-40.9%	30 k €	-29.3%	42,5 k €	+27.8%	33,2 k €	-22.8%	43 k €	+47.1%	29,3 k €	-35.7%	45,5 k €	+113%	21,3 k €	-69.3%	69,5 k €	+8.7%	63,9 k €	-17.7%	77,7 k €	+10.0%	70,6 k €	+328%	16,5 k €	-8.9%	18,1 k €	-8.0%	19,7 k €	+68.4%	11,7 k €	-61.3%	30,2 k €	+452%	-8,6 k €	-132%	26,7 k €	+1329%	1,9 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 €	+75.8%	22,2 k €	-42.9%	38,9 k €	+421%	7,5 k €	-86.6%	55,6 k €	+11.1%	50 k €	-28.3%	69,7 k €	+3.9%	67,1 k €	+306%	16,5 k €	-0.6%	16,6 k €	-8.6%	18,2 k €	+109%	8,7 k €	-71.2%	30,2 k €	+452%	-8,6 k €	-132%	26,7 k €	+1329%	1,9 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 €	-16.3%	14,5 k €	-46.9%	27,2 k €	+662%	3,6 k €	-92.6%	48,5 k €	+13.5%	42,7 k €	-25.6%	57,4 k €	+0.2%	57,3 k €	+382%	11,9 k €	-2.1%	12,2 k €	-2.2%	12,4 k €	+87.0%	6,6 k €	-72.5%	24,1 k €	+396%	-8,1 k €	-134%	23,9 k €	+977%	2,2 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 €	+5.9%	206,6 k €	+7.5%	192,1 k €	+9.8%	174,9 k €	+2.1%	171,3 k €	+5.2%	162,9 k €	+8.5%	150,1 k €	+12.2%	133,8 k €	+14.9%	116,4 k €	+3.5%	112,5 k €	+12.1%	100,3 k €	+14.1%	87,9 k €	+8.2%	81,3 k €	+42.2%	57,1 k €	-12.5%	65,3 k €	+57.8%	41,4 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 €	-10.9%	325,9 k €	+35.3%	240,9 k €	-19.4%	298,9 k €	-8.2%	325,6 k €	+10.3%	295,1 k €	+15.8%	254,8 k €	+1.4%	251,1 k €	+61.4%	155,6 k €	+13.3%	137,4 k €	+11.2%	123,5 k €	-10.5%	138 k €	+41.1%	97,8 k €	+50.8%	64,9 k €	-14.9%	76,2 k €	+57.4%	48,4 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 €	+9.5%	143,8 k €	+35.8%	105,9 k €	+16.2%	91,1 k €	-12.9%	104,6 k €	+94.1%	53,9 k €	-37.4%	86,1 k €	-46.8%	161,9 k €	+69.4%	95,6 k €	+79.0%	53,4 k €	-24.4%	70,6 k €	-40.0%	117,7 k €	+510%	19,3 k €	-67.6%	59,6 k €	+69.7%	35,1 k €	+170%	13 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 €	-39.9%	119,3 k €	+145%	48,7 k €	-60.7%	124 k €	-19.6%	154,3 k €	+16.6%	132,3 k €	+26.4%	104,7 k €	-10.8%	117,4 k €	+200%	39,2 k €	+57.3%	24,9 k €	+7.5%	23,2 k €	-53.8%	50,1 k €	+222%	15,6 k €	+102%	7,7 k €	-29.3%	10,9 k €	+55.6%	7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	+42.9%	0,7 ETP		–		1,5 ETP	-21.1%	1,9 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 · 1 active · 1 ended

Active mandates

Leon Van Immerseel

Manager

Active

Ended mandates

Leon Van Immerseel

Director

Ended

At this address

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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	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

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	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

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 · 1 active · 1 ended

Active mandates

Leon Van Immerseel

Manager

Active

Ended mandates

Leon Van Immerseel

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares24/12/2013
KAPITAAL - AANDELEN
PDF
Registered office05/03/2008
MAATSCHAPPELIJKE ZETEL
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 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 €
2006
Name changeMULTI SPRAY ENTERPRISES
20/02/1992
IncorporationPrivate company with limited liability

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

MULTI SPRAY ENTERPRISES

Overview

What does MULTI SPRAY ENTERPRISES 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