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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MULTAS from Sint-Niklaas, company number BE0445979373, closed financial year 2025 with a result of € 16,572 after tax. For that financial year MULTAS recorded a gross margin of € 21,922 and equity of € 7,526. Compared with financial year 2024, the result moved from € 13,010 to € 16,572. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 7,526
▲ € 16,572 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,572
▲ 27% vs 2024
Profit after tax over the fiscal year.
€ 293
▲ 127% 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 € -11,074.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,268
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,882
▼ 47% vs 2024
€ 12,798 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,462 | € 12,853 | € 22,218 | € 21,922 | ▼ 1% |
| Profit after taxes | € 9,301 | € 3,690 | € 13,010 | € 16,572 | ▲ 27% |
| Equity | € -25,746 | € -22,056 | € -9,046 | € 7,526 | ▲ € 16,572 |
| Total debts | € 88,980 | € 80,100 | € 64,720 | € 46,859 | ▼ 28% |
| Cash | € 116 | € 280 | € 129 | € 293 | ▲ 127% |
| Land & buildings | € 62,304 | € 57,530 | € 52,755 | € 51,562 | ▼ 2% |
| Retained profit | € -44,346 | € -40,656 | € -27,646 | € -11,074 | ▲ € 16,572 |
| Bank debt | € 50,085 | € 38,372 | € 26,307 | € 13,882 | ▼ 47% |
| Balance sheet total | € 63,233 | € 58,045 | € 55,674 | € 54,385 | ▼ 2% |
Key figures of MULTAS, 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 MULTAS?
What happened at MULTAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,572 (▲ 27% vs 2024). Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,301 profit in 2022 to € 16,572 profit in 2025.
Best year ever: 2025, with € 16,572 profit.
A new publication or filing at MULTAS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
BELON Jan
Director
Establishments
Establishment units
Physical locations of this company
Houtbriel 20
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.979.373
- VAT number
- BE 0445.979.373
- Registered office
- Houtbriel 20, 9100 Sint-Niklaas
- Names & denominations
- MULTAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1991
- Peppol
- Not registered