MULTITEL
0470.813.848 · rovalta.com · 21/09/2026
ACTIVE
MULTITEL
Financial year 2025 · closed on 31/12/2025
Net result
-132,2 k €
-168.8% YoY
Revenue
2,8 M €
-25.2% YoY
Equity
3,6 M €
-13.8% YoY
Workforce
85,6 ETP
+9.3% YoY
Overview
What does MULTITEL do?
MULTITEL is a Non-profit organization incorporated in 1999. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Mons. It employs on average 85,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0470.813.848
Incorporation
29/12/1999
Legal form
Non-profit organization
Registered office
Rue Pierre et Marie Curie 2
7000 Mons · WallonieSee on map
7000 Mons · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
85,6 ETP
Activities (NACE)
Joint committees (3)
- 100
- 200
- 335
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 2,8 M € | -25.2% | 3,7 M € | -3.2% | 3,8 M € | +2.7% | 3,7 M € | +21.9% | 3 M € | +26.9% | 2,4 M € | +4.4% | 2,3 M € | -12.9% | 2,6 M € | -15.6% | 3,1 M € | +1.7% | 3,1 M € | -5.3% | 3,2 M € | +72.8% | 1,9 M € | -14.1% | 2,2 M € | +14.3% | 1,9 M € | -1.6% | 1,9 M € | +28.6% | 1,5 M € | +15.9% | 1,3 M € | -0.4% | 1,3 M € |
| EBITDA | 847,7 k € | -1.7% | 862,4 k € | -36.7% | 1,4 M € | +101% | 678 k € | -0.8% | 683,7 k € | -38.6% | 1,1 M € | +84.2% | 604,7 k € | -0.1% | 605,6 k € | +3.7% | 583,8 k € | -8.3% | 636,9 k € | -66.0% | 1,9 M € | +252% | 533 k € | +3.5% | 514,8 k € | +35.1% | 381 k € | -33.9% | 576,9 k € | -4.3% | 602,7 k € | +113% | 283,1 k € | -42.3% | 490,4 k € |
| Operating result | -497,7 k € | -89.1% | -263,2 k € | +29.3% | -372,2 k € | -124% | -166 k € | -264778% | 62,7 € | -100.0% | 273,6 k € | +224% | -219,8 k € | -14.6% | -191,8 k € | -5.6% | -181,7 k € | +13.6% | -210,4 k € | -234% | -63 k € | +32.5% | -93,3 k € | -3.6% | -90 k € | +43.3% | -158,7 k € | -284% | -41,4 k € | +88.5% | -360 k € | -16.5% | -309,2 k € | -3.0% | -300,2 k € |
| Net result | -132,2 k € | -169% | 192,1 k € | +187% | 67 k € | +376% | 14,1 k € | -91.9% | 173,8 k € | -63.5% | 475,7 k € | +501789% | 94,8 € | -98.2% | 5,3 k € | +126% | 2,4 k € | +12.6% | 2,1 k € | +0.6% | 2,1 k € | -80.1% | 10,5 k € | -14.9% | 12,3 k € | +345% | 2,8 k € | -73.3% | 10,4 k € | +68.1% | 6,2 k € | -76.8% | 26,6 k € | -62.7% | 71,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 3,6 M € | -13.8% | 4,2 M € | -7.2% | 4,5 M € | -9.1% | 5 M € | +19.3% | 4,2 M € | +2.6% | 4,1 M € | +5.6% | 3,8 M € | -6.4% | 4,1 M € | -5.9% | 4,4 M € | -5.6% | 4,6 M € | -5.9% | 4,9 M € | +35.0% | 3,6 M € | +33.5% | 2,7 M € | -4.4% | 2,9 M € | -4.6% | 3 M € | -4.1% | 3,1 M € | -12.0% | 3,5 M € | -10.2% | 3,9 M € |
| Total assets | 7,3 M € | -55.8% | 16,5 M € | -5.5% | 17,5 M € | -2.4% | 17,9 M € | +1.5% | 17,6 M € | +32.3% | 13,3 M € | +14.0% | 11,7 M € | +0.6% | 11,6 M € | -7.2% | 12,5 M € | -0.6% | 12,6 M € | -2.4% | 12,9 M € | -15.7% | 15,3 M € | +18.3% | 13 M € | +2.7% | 12,6 M € | +48.8% | 8,5 M € | +2.8% | 8,2 M € | +0.8% | 8,2 M € | +8.8% | 7,5 M € |
| Cash | 1,1 M € | -69.0% | 3,5 M € | -38.9% | 5,7 M € | -1.0% | 5,8 M € | -5.6% | 6,1 M € | +95.5% | 3,1 M € | +189% | 1,1 M € | +7.6% | 1 M € | +785% | 113,7 k € | -84.2% | 719,3 k € | -11.5% | 813,1 k € | -65.4% | 2,4 M € | -17.5% | 2,9 M € | -23.3% | 3,7 M € | -3.3% | 3,8 M € | +207% | 1,3 M € | +33.6% | 936,6 k € | +14.5% | 818 k € |
| Debts | 3,6 M € | -71.0% | 12,3 M € | -4.8% | 12,9 M € | +0.2% | 12,9 M € | -4.0% | 13,4 M € | +45.4% | 9,2 M € | +17.8% | 7,9 M € | +5.0% | 7,5 M € | -5.3% | 7,9 M € | +2.4% | 7,7 M € | -0.3% | 7,7 M € | -32.0% | 11,4 M € | +14.5% | 9,9 M € | +4.9% | 9,5 M € | +81.1% | 5,2 M € | +13.1% | 4,6 M € | +12.4% | 4,1 M € | +50.5% | 2,7 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 85,6 ETP | +9.3% | 78,3 ETP | +20.8% | 64,8 ETP | +7.8% | 60,1 ETP | -2.1% | 61,4 ETP | +11.6% | 55,0 ETP | -1.3% | 55,7 ETP | -5.9% | 59,2 ETP | -13.7% | 68,6 ETP | -6.5% | 73,4 ETP | +4.7% | 70,1 ETP | -2.4% | 71,8 ETP | +13.1% | 63,5 ETP | +1.3% | 62,7 ETP | +2.5% | 61,2 ETP | +4.8% | 58,4 ETP | +4.3% | 56,0 ETP | -14.5% | 65,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 12 active · 61 ended
Active mandates
Gauthier COIRBAY
ActiveThomas DI PIETRO
ActiveJean-Jacques QUISQUATER
ActiveAloys du BOIS d'AISCHE
ActiveEtienne POURBAIX
ActiveJean SAUSSEZ
ActiveJonathan PISANE
ActiveJacques VERLY
ActiveActive
Active
Ended mandates
Jean-Jacques QUISQUATER
EndedAnthony VAN PUTTE
EndedAnthony VAN PUTTE
EndedJean-Jacques QUISQUATER
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
EURO-MULTITEL● Active | 0564.943.143 |
Wal-Tech● Active | 0480.583.134 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 29/06/2026 | 15/07/2025 | 18/07/2024 | 30/06/2023 | 30/06/2022 | 28/07/2021 |
| General meeting | 18/06/2026 | 16/06/2025 | 26/06/2024 | 20/06/2023 | 23/06/2022 | 28/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 18/06/2026 | 29/06/2026 | French | |
| Full model | 31/12/2024 | 16/06/2025 | 15/07/2025 | French | |
| Full model | 31/12/2023 | 26/06/2024 | 18/07/2024 | French | |
| Full model | 31/12/2022 | 20/06/2023 | 30/06/2023 | French | |
| Full model | 31/12/2021 | 23/06/2022 | 30/06/2022 | French | |
| Full model | 31/12/2020 | 28/06/2021 | 28/07/2021 | French | |
| Full model | 31/12/2019 | 22/06/2020 | 24/07/2020 | French | |
| Full model | 31/12/2018 | 27/06/2019 | 26/07/2019 | French | |
| Full model | 31/12/2017 | 22/06/2018 | 29/06/2018 | French | |
| Full model | 31/12/2016 | 21/06/2017 | 20/07/2017 | French | |
| Full model | 31/12/2015 | 21/06/2016 | 09/08/2016 | French | |
| Full model | 31/12/2014 | 29/06/2015 | 30/07/2015 | French | |
| Full model | 31/12/2013 | 20/06/2014 | 04/07/2014 | French | |
| Full model | 31/12/2012 | 20/06/2013 | 04/07/2013 | French | |
| Full model | 31/12/2011 | 29/06/2012 | 27/07/2012 | French | |
| Full model | 31/12/2010 | 22/06/2011 | 29/06/2011 | French | |
| Full model | 31/12/2009 | 23/06/2010 | 24/08/2010 | French | |
| Full model | 31/12/2008 | 24/06/2009 | 28/07/2009 | French | |
| Full model | 31/12/2007 | 19/06/2008 | 10/07/2008 | French | |
| Full model | 31/12/2006 | 19/06/2007 | 22/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 12 active · 61 ended
Active mandates
Gauthier COIRBAY
ActiveThomas DI PIETRO
ActiveJean-Jacques QUISQUATER
ActiveAloys du BOIS d'AISCHE
ActiveEtienne POURBAIX
ActiveJean SAUSSEZ
ActiveJonathan PISANE
ActiveJacques VERLY
ActiveActive
Active
Ended mandates
Jean-Jacques QUISQUATER
EndedAnthony VAN PUTTE
EndedAnthony VAN PUTTE
EndedJean-Jacques QUISQUATER
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/07/2025DEMISSIONS, NOMINATIONS
- Other20/06/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates25/10/2024DEMISSIONS, NOMINATIONS
- Mandates20/08/2024DEMISSIONS, NOMINATIONS
- Mandates12/02/2024DEMISSIONS, NOMINATIONS
- Other08/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates30/11/2023DEMISSIONS, NOMINATIONS
- Mandates31/05/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-132,2 k €↓
- 2024Annual accounts 2024192,1 k €↑
- 2023Annual accounts 202367 k €↑
- 2022Annual accounts 202214,1 k €↓
- 2021Annual accounts 2021173,8 k €↓
- 2020Annual accounts 2020475,7 k €↑
- 2019Annual accounts 201994,8 €↓
- 2018Annual accounts 20185,3 k €↑
- 2017Annual accounts 20172,4 k €↑
- 2016Annual accounts 20162,1 k €↑
- 2015Annual accounts 20152,1 k €↓
- 2014Annual accounts 201410,5 k €↓
- 2013Annual accounts 201312,3 k €↑
- 2012Annual accounts 20122,8 k €↓
- 2011Annual accounts 201110,4 k €↑
- 2010Annual accounts 20106,2 k €↓
- 2009Annual accounts 200926,6 k €↓
- 2008Annual accounts 200871,1 k €
- 29/12/1999IncorporationNon-profit organization