Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 16.6 to 13.7.
Financials
Financial year 2025
MULTIFORM from Estaimpuis, company number BE0430457789, closed financial year 2025 with a result of € -38,262 after tax. For that financial year MULTIFORM recorded a gross margin of € 1.2 million and equity of € 4.3 million. Compared with financial year 2024, the result moved from € 66,920 to € -38,262. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ 4.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,262
▼ still € 66,920 profit in 2024
Profit after tax over the fiscal year.
€ 145,418
▲ € 138,114 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2025
13.7
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 774,490
▼ 11% vs 2024
€ 56,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,194
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.1 million
▲ 10% vs 2024
€ 599,495 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 343,585
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,753
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,576,542 | € 1,489,561 | € 1,485,803 | € 1,239,964 | ▼ 17% |
| Profit after taxes | € 415,129 | € 159,012 | € 66,920 | € -38,262 | ▼ € 105,182 |
| Equity | € 4,035,953 | € 4,155,929 | € 4,190,344 | € 4,293,041 | ▲ 2% |
| Total debts | € 5,478,431 | € 5,002,604 | € 5,389,694 | € 6,112,579 | ▲ 13% |
| Cash | € 469,360 | € 41,823 | € 7,304 | € 145,418 | ▲ € 138,114 |
| Land & buildings | € 6,247,175 | € 6,026,558 | € 5,906,185 | € 4,881,391 | ▼ 17% |
| Retained profit | € 2,298,961 | € 2,457,973 | € 2,524,892 | € 2,086,631 | ▼ 17% |
| Dividend | € 300,000 | € 0 | € 0 | € 400,000 | |
| Bank debt | € 4,767,941 | € 4,336,513 | € 4,651,387 | € 5,109,233 | ▲ 10% |
| Balance sheet total | € 9,782,296 | € 9,417,353 | € 9,829,765 | € 10,646,254 | ▲ 8% |
| Employees (FTE) | 16.3 | 16.6 | 15.3 | 13.7 | ▼ 1.6 |
Key figures of MULTIFORM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MULTIFORM?
What happened at MULTIFORM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AEMULUS SComm stepped down as director. NBB
- MOBIFIT SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 38,262 (▼ € 105,182 vs 2024). Source: NBB ↗
- AEMULUS SComm became a director. NBB
- MOBIFIT SRL became a director. NBB
- New establishment in Estaimpuis. KBO
- Start of the company according to the CBE. KBO
In short
From € 415,129 profit in 2022 to € 38,262 loss in 2025.
Paid € 130,101 in corporate taxes since 2022.
Best year ever: 2022, with € 415,129 profit.
On average € 90,500 of value added per employee in 2025.
Management
The stake of MOBIFIT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MULTIFORMThe shares are held by MOBIFIT (99.5%).
Directors
According to the 2025 annual accounts
Director · represented by Elisabeth FENAUX
since 2022 · until 2028
Managing director · represented by Rudi VEREECKE
since 2022 · until 2028
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Porte des Bâtisseurs(EST) 32
7730 Estaimpuis
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.457.789
- VAT number
- BE 0430.457.789
- Registered office
- Porte des Bâtisseurs(EST) 32, 7730 Estaimpuis
- Names & denominations
- MULTIFORM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 1987
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Zagen en schaven van hout
Groothandel in hout
Vervaardiging van fineer en van panelen op basis van hout