ACTIVE

MULTINOX

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Financial year 2025 · closed on 31/12/2025

Net result

8,7 k €

-94.4% YoY

Gross margin

460,8 k €

-31.0% YoY

Equity

1,3 M €

+0.7% YoY

Workforce

5,6 ETP

-6.7% YoY

What does MULTINOX do?

MULTINOX is a Private limited company incorporated in 2002. Its registered office is in Oudsbergen. It employs on average 5,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.903.666

Incorporation

15/02/2002

Legal form

Private limited company

Registered office

Industrieweg-Noord 1138
3660 Oudsbergen · FlandreSee on map

Contributed capital

711 575,00 €

Latest accounts

31/12/2025

Average workforce

5,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	460,8 k €	-31.0%	667,9 k €	-2.1%	682,5 k €	+12.6%	606,4 k €	-16.8%	728,9 k €	+10.0%	662,8 k €	+8.2%	612,8 k €	+25.9%	486,6 k €	-4.8%	511,3 k €	+3.7%	493 k €	-7.7%	534 k €	-12.1%	607,4 k €	-12.2%	692,1 k €	+24.2%	557,4 k €	+67.7%	332,3 k €	-50.4%	669,8 k €	-23.0%	870,2 k €	+31.6%	661 k €	-7.1%	711,8 k €	+52.1%	468 k €
EBITDA	155,8 k €	-54.5%	342,6 k €	+16.9%	293,1 k €	+11.2%	263,6 k €	-15.6%	312,3 k €	+57.7%	198,1 k €	+15.4%	171,6 k €	+42.9%	120,1 k €	+489%	20,4 k €	-17.4%	24,7 k €	-40.2%	41,2 k €	-69.7%	135,9 k €	-31.1%	197,1 k €	+61.0%	122,5 k €	+576%	-25,7 k €	-112%	213 k €	-40.9%	360,6 k €	+11.3%	324 k €	-7.5%	350,3 k €	+11.5%	314,1 k €
Operating result	6,2 k €	-97.1%	212,8 k €	+8.6%	195,9 k €	+6.2%	184,4 k €	+25.7%	146,7 k €	+173%	53,8 k €	+202%	17,8 k €	+639%	-3,3 k €	+96.4%	-91,7 k €	-1011%	-8,3 k €	-174%	11,1 k €	-89.7%	108,1 k €	-42.0%	186,6 k €	+61.6%	115,5 k €	+364%	-43,7 k €	-121%	212,4 k €	-41.0%	360 k €	+11.2%	323,8 k €	-7.1%	348,5 k €	+11.0%	313,8 k €
Net result	8,7 k €	-94.4%	154,1 k €	+6.2%	145,1 k €	-2.9%	149,5 k €	-8.1%	162,6 k €	+211%	52,3 k €	+243%	15,3 k €	+300%	-7,6 k €	+92.2%	-97,4 k €	-1031%	-8,6 k €	-166%	13,1 k €	-81.9%	72,3 k €	-48.0%	139 k €	+23.1%	112,9 k €	+389%	-39,1 k €	-126%	152 k €	-38.8%	248,2 k €	+13.2%	219,2 k €	-6.9%	235,4 k €	+14.0%	206,6 k €
Balance sheet
Equity	1,3 M €	+0.7%	1,3 M €	+13.2%	1,2 M €	+14.2%	1 M €	+17.2%	871,8 k €	+22.9%	709,1 k €	+8.0%	656,8 k €	+2.4%	641,6 k €	-1.2%	649,2 k €	-38.0%	1 M €	-0.8%	1,1 M €	+1.3%	1 M €	+7.5%	969,8 k €	-17.1%	1,2 M €	+10.7%	1,1 M €	-3.6%	1,1 M €	+16.1%	944,7 k €	+35.6%	696,5 k €	+45.9%	477,3 k €	+80.7%	264,2 k €
Total assets	2,6 M €	-8.3%	2,8 M €	+9.3%	2,6 M €	+14.2%	2,3 M €	+5.7%	2,1 M €	+34.2%	1,6 M €	+6.8%	1,5 M €	-3.9%	1,6 M €	+7.4%	1,4 M €	-36.0%	2,3 M €	+39.2%	1,6 M €	-17.8%	2 M €	+5.8%	1,9 M €	+2.2%	1,8 M €	+29.6%	1,4 M €	-9.5%	1,6 M €	+15.8%	1,3 M €	+19.9%	1,1 M €	+19.0%	940,9 k €	+64.8%	571,1 k €
Cash	10,7 k €	-49.3%	21 k €	-48.7%	41 k €	-42.2%	70,8 k €	+63.9%	43,2 k €	-85.6%	300,5 k €	+57.2%	191,2 k €	+14.9%	166,4 k €	-47.4%	316,7 k €	-37.6%	507,4 k €	-26.9%	694,5 k €	-34.4%	1,1 M €	+36.3%	776,4 k €	+13.2%	686,2 k €	-5.8%	728,2 k €	-9.5%	804,9 k €	+112%	379,9 k €	+62.5%	233,8 k €	-17.3%	282,8 k €	+567%	42,4 k €
Debts	1,1 M €	-22.0%	1,4 M €	+3.9%	1,4 M €	+12.4%	1,2 M €	-1.3%	1,2 M €	+65.2%	741,8 k €	-1.8%	755,6 k €	-16.9%	909 k €	+15.4%	787,6 k €	-34.5%	1,2 M €	+113%	564,9 k €	-38.8%	923,6 k €	+3.4%	893,5 k €	+37.0%	652 k €	+128%	285,9 k €	-37.5%	457,5 k €	+15.0%	397,7 k €	-5.6%	421,5 k €	-4.0%	439,3 k €	+43.1%	306,9 k €
Other
Workforce	5,6 ETP	-6.7%	6,0 ETP	-20.0%	7,5 ETP	+17.2%	6,4 ETP	-36.6%	10,1 ETP	-8.2%	11,0 ETP	+18.3%	9,3 ETP	+24.0%	7,5 ETP	-18.5%	9,2 ETP	-6.1%	9,8 ETP	-3.9%	10,2 ETP	+10.9%	9,2 ETP	0.0%	9,2 ETP	+4.5%	8,8 ETP	+17.3%	7,5 ETP	-21.9%	9,6 ETP	-10.3%	10,7 ETP	+40.8%	7,6 ETP	-15.6%	9,0 ETP	+125%	4,0 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 · 6 ended

Active mandates

DE BRUG

Manager · since 20 décembre 2016 · 0820.623.958

Represented by Tom Cornet

Active

Ended mandates

DE BRUG

Manager · since 20 décembre 2016 · 0820.623.958

Represented by Tom Cornet

Ended

KENNY LARMINIER

Manager · since 01 octobre 2005

Ended

MARTIN LARMINIER

Manager · since 01 octobre 2005 · until 15 août 2006

Ended

Kenny Larminier

Manager · since 30 septembre 2005 · until 20 décembre 2016

Ended

At this address

Other companies at this address

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CORNET SEATING SYSTEMS● Active	0438.423.766
IMMO AMI● Active	0434.173.780
TOCO● Active	0550.400.170

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2026	02/07/2025	27/06/2024	27/06/2023	27/06/2022	30/06/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	16/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	27/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	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 · 6 ended

Active mandates

DE BRUG

Manager · since 20 décembre 2016 · 0820.623.958

Represented by Tom Cornet

Active

Ended mandates

DE BRUG

Manager · since 20 décembre 2016 · 0820.623.958

Represented by Tom Cornet

Ended

KENNY LARMINIER

Manager · since 01 octobre 2005

Ended

MARTIN LARMINIER

Manager · since 01 octobre 2005 · until 15 août 2006

Ended

Kenny Larminier

Manager · since 30 septembre 2005 · until 20 décembre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/02/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/05/2014
KAPITAAL - AANDELEN
PDF
Mandates25/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/01/2006
MAATSCHAPPELIJKE ZETEL - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/11/2005
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 20258,7 k €↓
2024
Annual accounts 2024154,1 k €↑
2023
Annual accounts 2023145,1 k €↓
2022
Annual accounts 2022149,5 k €↓
2021
Annual accounts 2021162,6 k €↑
2020
Annual accounts 202052,3 k €↑
2019
Annual accounts 201915,3 k €↑
2018
Annual accounts 2018-7,6 k €↑
2017
Annual accounts 2017-97,4 k €↓
2016
Annual accounts 2016-8,6 k €↓
2015
Annual accounts 201513,1 k €↓
2014
Annual accounts 201472,3 k €↓
2013
Annual accounts 2013139 k €↑
2012
Annual accounts 2012112,9 k €↑
2011
Annual accounts 2011-39,1 k €↓
2010
Annual accounts 2010152 k €↓
2009
Annual accounts 2009248,2 k €↑
2008
Annual accounts 2008219,2 k €↓
2007
Annual accounts 2007235,4 k €↑
2006
Annual accounts 2006206,6 k €
15/02/2002
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

MULTINOX

Overview

What does MULTINOX 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