ACTIVE

MULTIMAS

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Financial year 2025 · closed on 31/12/2025

Net result

28 k €

+185.9% YoY

Gross margin

77,2 k €

+60.1% YoY

Equity

517,1 k €

+5.7% YoY

What does MULTIMAS do?

MULTIMAS is a Public limited company incorporated in 1993. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.641.808

Incorporation

09/07/1993

Legal form

Public limited company

Registered office

Leuvensesteenweg 262
1800 Vilvoorde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	77,2 k €	+60.1%	48,2 k €	-11.6%	54,5 k €	-9.4%	60,2 k €	+0.4%	60 k €	-1.9%	61,2 k €	-13.3%	70,6 k €	+2.9%	68,6 k €	-7.4%	74,1 k €	-15.7%	87,9 k €	+66.2%	52,9 k €	-18.1%	64,6 k €	+1.4%	63,7 k €	-7.4%	68,8 k €	+174%	25,1 k €	-67.7%	77,7 k €	+819%	-10,8 k €	-109%	123,2 k €	+442%	-36,1 k €	-63.0%	-22,1 k €
EBITDA	46,2 k €	+154%	18,2 k €	-29.2%	25,6 k €	-24.2%	33,8 k €	-1.2%	34,2 k €	-3.8%	35,6 k €	-23.7%	46,6 k €	+3.3%	45,1 k €	-11.4%	50,9 k €	-21.9%	65,2 k €	+119%	29,8 k €	-28.4%	41,6 k €	-44.2%	74,5 k €	+47.6%	50,5 k €	+181%	-62,7 k €	-210%	56,9 k €	+328%	-25 k €	-123%	110,3 k €	+326%	-48,8 k €	-217%	41,8 k €
Operating result	42,4 k €	+171%	15,6 k €	-33.3%	23,4 k €	-25.6%	31,5 k €	+6.9%	29,5 k €	-4.4%	30,8 k €	-45.8%	56,9 k €	+48.6%	38,3 k €	-13.1%	44,1 k €	-24.5%	58,3 k €	+258%	16,3 k €	-12.3%	18,6 k €	-3.4%	19,2 k €	-15.4%	22,7 k €	+115%	-147,1 k €	-3812%	-3,8 k €	+94.6%	-69,6 k €	-206%	65,6 k €	+170%	-94,1 k €	-1752%	5,7 k €
Net result	28 k €	+186%	9,8 k €	-35.2%	15,1 k €	-26.6%	20,6 k €	+9.6%	18,8 k €	-15.2%	22,2 k €	-43.4%	39,1 k €	+44.9%	27 k €	-11.2%	30,4 k €	-25.5%	40,8 k €	+193%	13,9 k €	-14.9%	16,4 k €	-7.9%	17,8 k €	+24.9%	14,2 k €	-95.4%	311,2 k €	+12446%	2,5 k €	+106%	-44,5 k €	-145%	99 k €	+215%	-86 k €	-1720%	5,3 k €
Balance sheet
Equity	517,1 k €	+5.7%	489,1 k €	+2.0%	479,4 k €	+3.3%	464,3 k €	+4.6%	443,7 k €	+4.4%	424,9 k €	+5.5%	402,7 k €	+10.8%	363,6 k €	-35.3%	561,6 k €	+5.7%	531,2 k €	+8.3%	490,3 k €	+2.9%	476,4 k €	+3.6%	460 k €	-1.5%	467,2 k €	+3.1%	453 k €	+220%	141,7 k €	+1.8%	139,2 k €	-24.2%	183,7 k €	+117%	84,7 k €	-50.4%	170,8 k €
Total assets	659,6 k €	+5.9%	622,7 k €	+1.7%	612,1 k €	+1.1%	605,3 k €	+3.6%	584,5 k €	+5.8%	552,4 k €	+4.4%	529 k €	+5.0%	503,6 k €	-13.2%	579,9 k €	+2.7%	564,5 k €	+4.5%	540,2 k €	+4.4%	517,5 k €	-30.3%	742,8 k €	-3.0%	765,7 k €	-0.2%	767,5 k €	-39.8%	1,3 M €	+0.2%	1,3 M €	-4.3%	1,3 M €	+7.6%	1,2 M €	+200%	411,9 k €
Cash	100,3 k €	-32.1%	147,8 k €	-10.6%	165,4 k €	+72.7%	95,8 k €	-18.7%	117,8 k €	+34.7%	87,5 k €	+72.5%	50,7 k €	+110%	24,1 k €	-70.0%	80,4 k €	+0.3%	80,2 k €	+34.0%	59,8 k €	+158%	23,2 k €	-89.8%	225,9 k €	+4.3%	216,7 k €	+31.7%	164,5 k €	+538%	25,8 k €	-96.5%	729,6 k €	-1.0%	737 k €	-13.3%	849,8 k €	+570%	126,8 k €
Debts	133,7 k €	+6.1%	126 k €	-0.4%	126,5 k €	-7.0%	136,1 k €	-0.7%	137,1 k €	+9.7%	125 k €	0.0%	125 k €	0.0%	125 k €	+3643%	3,3 k €	-80.7%	17,3 k €	-45.2%	31,6 k €	+26.5%	25 k €	-90.2%	254,3 k €	+3.1%	246,8 k €	+0.9%	244,6 k €	+3032%	7,8 k €	+0.1%	7,8 k €	-2.5%	8 k €	-68.8%	25,7 k €	-89.2%	238,2 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 · 3 active · 23 ended

Active mandates

Danny Maes

Managing director · since 25 janvier 2022 · until 18 mai 2028

Active

Monique Hemels

Director · since 25 janvier 2022 · until 18 mai 2028

Active

Sabrina Maes

Managing director · since 25 janvier 2022 · until 18 mai 2028

Active

Ended mandates

Monique Hemels

Director · since 24 février 2022 · until 18 mai 2023

Ended

Danny Maes

Director · since 27 mai 2017 · until 18 mai 2023

Ended

Gunther Maes

Managing director · since 27 mai 2017 · until 18 mai 2023

Ended

Sabrina Maes

Director · since 27 mai 2017 · until 18 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
MULTI - IMMO● Active	0446.899.784
Technic● Active	0474.225.377

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	27/07/2026	24/06/2025	03/07/2024	21/06/2023	30/06/2022	31/08/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/06/2022	01/08/2021
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	30/05/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	21/06/2023	Dutch	PDF
Micro model	31/12/2021	28/06/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	01/08/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	01/08/2020	21/10/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	18/06/2018	19/07/2018	Dutch	PDF
Micro model	31/12/2016	18/05/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	06/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	29/06/2007	Dutch	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 · 3 active · 23 ended

Active mandates

Danny Maes

Managing director · since 25 janvier 2022 · until 18 mai 2028

Active

Monique Hemels

Director · since 25 janvier 2022 · until 18 mai 2028

Active

Sabrina Maes

Managing director · since 25 janvier 2022 · until 18 mai 2028

Active

Ended mandates

Monique Hemels

Director · since 24 février 2022 · until 18 mai 2023

Ended

Danny Maes

Director · since 27 mai 2017 · until 18 mai 2023

Ended

Gunther Maes

Managing director · since 27 mai 2017 · until 18 mai 2023

Ended

Sabrina Maes

Director · since 27 mai 2017 · until 18 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2018
KAPITAAL - AANDELEN
PDF
Mandates07/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/02/2014
KAPITAAL - AANDELEN
PDF
Mandates07/10/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/08/2006
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 202528 k €↑
2024
Annual accounts 20249,8 k €↓
2023
Annual accounts 202315,1 k €↓
2022
Annual accounts 202220,6 k €↑
2021
Annual accounts 202118,8 k €↓
2020
Annual accounts 202022,2 k €↓
2019
Annual accounts 201939,1 k €↑
2018
Annual accounts 201827 k €↓
2017
Annual accounts 201730,4 k €↓
2016
Annual accounts 201640,8 k €↑
2015
Annual accounts 201513,9 k €↓
2014
Annual accounts 201416,4 k €↓
2013
Annual accounts 201317,8 k €↑
2012
Annual accounts 201214,2 k €↓
2011
Annual accounts 2011311,2 k €↑
2010
Annual accounts 20102,5 k €↑
2009
Annual accounts 2009-44,5 k €↓
2008
Annual accounts 200899 k €↑
2007
Annual accounts 2007-86 k €↓
2006
Annual accounts 20065,3 k €
09/07/1993
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

MULTIMAS

Overview

What does MULTIMAS 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