ACTIVE

MULTI THERM

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Financial year 2025 · closed on 31/12/2025
Net result
2,1 k €
-94.8% YoY
Gross margin
5,7 k €
-88.5% YoY
Equity
54,4 k €
+4.0% YoY

What does MULTI THERM do?

MULTI THERM is a Private limited company incorporated in 2020. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Sint-Genesius-Rode.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0744.476.483
Incorporation
26/02/2020
Legal form
Private limited company
Registered office
Rue du Tilleul 109 box 1
1640 Sint-Genesius-Rode · FlandreSee on map
Contributed capital
2 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin5,7 k €49,7 k €10,4 k €-21,5 k €-565,7 €38,3 k €
EBITDA5 k €49,3 k €9,2 k €-21,5 k €-2,2 k €37,9 k €
Operating result2,7 k €48,8 k €8,8 k €-22,5 k €-3,1 k €33,2 k €
Net result2,1 k €39,6 k €8,6 k €-22,7 k €-3,2 k €28 k €
Balance sheet
Equity54,4 k €52,3 k €12,6 k €4 k €26,8 k €30 k €
Total assets70,1 k €66,1 k €16,3 k €5,1 k €38,9 k €51,2 k €
Cash5,7 k €50,3 k €12,3 k €84,4 €22,9 k €44,5 k €
Debts15,8 k €13,8 k €3,7 k €1,1 k €12,2 k €21,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Ioan Veciunca

Administrator - manager · since 30 juin 2022

Active

Ended mandates

STEFAN VECIUNCA

Director · since 26 février 2020

Ended
STEFAN VECIUNCA

Administrator - manager · since 26 février 2020 · until 29 juin 2022

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/08/202627/07/202529/08/202403/08/202331/08/202230/09/2021
General meeting29/06/202628/06/202528/06/202428/06/202328/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/06/202603/08/2026DutchPDF
Micro model31/12/202428/06/202527/07/2025DutchPDF
Micro model31/12/202328/06/202429/08/2024DutchPDF
Micro model31/12/202228/06/202303/08/2023FrenchPDF
Micro model31/12/202128/06/202231/08/2022FrenchPDF
Micro model31/12/202028/06/202130/09/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 ended

Active mandates

Ioan Veciunca

Administrator - manager · since 30 juin 2022

Active

Ended mandates

STEFAN VECIUNCA

Director · since 26 février 2020

Ended
STEFAN VECIUNCA

Administrator - manager · since 26 février 2020 · until 29 juin 2022

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,1 k €↓
  2. 2024
    Annual accounts 202439,6 k €↑
  3. 2023
    Annual accounts 20238,6 k €↑
  4. 2022
    Annual accounts 2022-22,7 k €↓
  5. 2021
    Annual accounts 2021-3,2 k €↓
  6. 2020
    Annual accounts 202028 k €
  7. 26/02/2020
    IncorporationPrivate limited company