Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MULTIROAD from Ukkel, company number BE0439313790, closed financial year 2025 with a result of € 789 after tax. For that financial year MULTIROAD recorded a gross margin of € 3,512 and equity of € -494,426. Compared with financial year 2024, the result moved from € -3,125 to € 789. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 15, 2026.
€ -494,426
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 789
▲ still € 3,125 loss in 2024
Profit after tax over the fiscal year.
€ 5,535
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -726,265.
People and assets in 2025
€ 19,242
▲ € 18,638 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 34,815
▲ € 26,445 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,718 | € 8,262 | € -1,635 | € 3,512 | ▲ € 5,147 |
| Profit after taxes | € -4,143 | € 6,443 | € -3,125 | € 789 | ▲ € 3,914 |
| Equity | € -498,534 | € -492,091 | € -495,215 | € -494,426 | |
| Total debts | € 596,756 | € 579,297 | € 526,772 | € 554,186 | ▲ 5% |
| Cash | € 1,322 | € 713 | € 4,215 | € 5,535 | ▲ 31% |
| Retained profit | € -730,373 | € -723,930 | € -727,054 | € -726,265 | |
| Balance sheet total | € 98,222 | € 87,206 | € 31,556 | € 59,760 | ▲ 89% |
Key figures of MULTIROAD, 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 MULTIROAD?
What happened at MULTIROAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 789. filed late Source: NBB ↗
- Jean Philippe le Hodey became a director. NBB
- Stéphanie Servagnat became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,143 loss in 2022 to € 789 profit in 2025.
Paid € 1,025 in corporate taxes since 2022.
Best year ever: 2023, with € 6,443 profit.
Management
The stake of HYODE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MULTIROADBehind MULTIROAD are Jean Philippe le Hodey and Stéphanie Servagnat. The shares are held by HYODE (26%).
Establishments
Establishment units
Physical locations of this company
Waterloosesteenweg 1226
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.313.790
- VAT number
- BE 0439.313.790
- Registered office
- Waterloosesteenweg 1226, 1180 Ukkel
- Names & denominations
- MULTIROAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1989
- Peppol
- Active · Active since 21 Jul 2026
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