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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MULTI LOGISTICS from Pittem, company number BE0447076661, closed financial year 2025 with a result of € -226,003 after tax. For that financial year MULTI LOGISTICS recorded a gross margin of € 988,288 and equity of € 4.3 million. Compared with financial year 2024, the result moved from € -215,373 to € -226,003. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 4.3 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -226,003
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.2 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 41,817
▲ 17% vs 2024
€ 41,800 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.
Debts at end 2025
€ 9.8 million
▲ 23% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 7,932
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 94,664
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 462,496 | € 500,658 | € 941,041 | € 988,288 | ▲ 5% |
| Profit after taxes | € 131,943 | € 2,325,004 | € -215,373 | € -226,003 | ▼ € 10,630 |
| Equity | € 2,406,346 | € 4,731,350 | € 4,515,977 | € 4,289,974 | ▼ 5% |
| Total debts | € 10,816,557 | € 8,913,150 | € 8,398,379 | € 10,201,765 | ▲ 21% |
| Cash | € 115,172 | € 1,490,332 | € 786,834 | € 1,177,667 | ▲ 50% |
| Land & buildings | € 5,557,320 | € 5,337,939 | € 8,365,964 | € 10,044,426 | ▲ 20% |
| Retained profit | € 2,344,346 | € 4,669,350 | € 4,453,977 | € 4,227,974 | ▼ 5% |
| Bank debt | € 8,990,861 | € 8,577,033 | € 7,946,625 | € 9,777,086 | ▲ 23% |
| Balance sheet total | € 13,222,903 | € 14,426,713 | € 13,609,728 | € 15,135,109 | ▲ 11% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of MULTI LOGISTICS, 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 MULTI LOGISTICS?
What happened at MULTI LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 226,003. filed late Source: NBB ↗
- Dirk Moyaert stepped down as director. NBB
- Liesbeth Moyaert stepped down as director. NBB
- Nicole Obin stepped down as director. NBB
- Veronique Moyaert stepped down as director. NBB
- Alexander Moyaert stepped down as director. NBB
- Dirk Moyaert became a director. NBB
- Liesbeth Moyaert became a director. NBB
In short
From € 131,943 profit in 2022 to € 226,003 loss in 2025.
Paid € 370,346 in corporate taxes since 2022.
Best year ever: 2023, with € 2.3 million profit.
On average € 988,300 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 201
8740 Pittem
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
- 0447.076.661
- VAT number
- BE 0447.076.661
- Registered office
- Brugsesteenweg 201, 8740 Pittem
- Names & denominations
- MULTI LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1992
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Overige niet-gespecialiseerde detailhandel
Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige activiteiten i .v.m. administratie, n.e.g.
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)
Diverse administratieve activiteiten ten behoeve van kantoren