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 27.9 to 20.2.
Financials
Financial year 2025
EURO-MULTITEL from Mons, company number BE0564943143, closed financial year 2025 with a result of € 274,264 after tax. For that financial year EURO-MULTITEL recorded a gross margin of € 3 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -1.2 million to € 274,264. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.2 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 274,264
▲ still € 1.2 million loss in 2024
Profit after tax over the fiscal year.
€ 114,515
▼ 90% 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 € -478,212.
People and assets in 2025
20.2
▼ 7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▼ 27% vs 2024
€ 91,500 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.
€ 181,649
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▼ 21% vs 2024
€ 623,375 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 903,024
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 223,076
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,937,463 | € 2,339,694 | - | - | |
| Gross margin | - | - | € 2,282,326 | € 2,959,411 | ▲ 30% |
| Profit after taxes | € 39,636 | € 197,995 | € -1,175,994 | € 274,264 | ▲ € 1.5 million |
| Equity | € 1,827,870 | € 2,017,614 | € 935,372 | € 1,199,287 | ▲ 28% |
| Total debts | € 5,037,010 | € 5,561,158 | € 4,191,642 | € 3,812,297 | ▼ 9% |
| Cash | € 1,478,377 | € 2,234,147 | € 1,186,788 | € 114,515 | ▼ 90% |
| Retained profit | € 225,523 | € 423,518 | € -752,476 | € -478,212 | ▲ € 274,264 |
| Bank debt | € 3,438,593 | € 3,191,883 | € 2,710,835 | € 2,135,041 | ▼ 21% |
| Balance sheet total | € 6,864,881 | € 7,578,772 | € 5,127,014 | € 5,036,559 | ▼ 2% |
| Employees (FTE) | 27.8 | 27.9 | 27.2 | 20.2 | ▼ 7 |
Key figures of EURO-MULTITEL, 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 EURO-MULTITEL?
What happened at EURO-MULTITEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Véronique FELDHEIM stepped down as director. NBB
- Aloys Du BOIS D'AISCHE stepped down as director. NBB
- Julien HENDRICKX stepped down as director. NBB
- Thomas DI PIETRO stepped down as director. NBB
- Bernard GOSSELIN stepped down as director. NBB
- Jacques VERLY stepped down as director. NBB
- Maité DUFRASNE stepped down as director. NBB
- Jonathan PISANE stepped down as director. NBB
In short
From € 39,636 profit in 2022 to € 274,264 profit in 2025.
Paid € 1,734 in corporate taxes since 2022.
Best year ever: 2025, with € 274,264 profit.
On average € 146,500 of value added per employee in 2025.
Management
The stake of MULTITEL, IMBC SPINNOVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EURO-MULTITELBehind EURO-MULTITEL is IMBC Spinnova. The shares are held by MULTITEL (73.1%) and IMBC SPINNOVA (26.7%).
Directors
According to the 2025 annual accounts
Director · represented by DEMOULIN Serge
Also active at: MULTITEL, IONICS, INNOVATION FUND, ESIX SURFACE TECHNOLOGIES, ANTOPOLIS, Vives Inter-University Fund, Rubbergreen Industrie, GATE2
Véronique FELDHEIM
Director
since 2024 · until 2030
Julien HENDRICKX
Director
since 2025 · until 2030
since 2025 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Maité DUFRASNE
Director
Also active at: Institut interuniversitaire des Silicates, Sols et Matériaux, CENTRE DE RESSOURCES TECHNOLOGIQUES EN CHIMIE
since 2024 · until 2030
since 2024 · until 2030
Philippe METTENS
Director
Also active at: SOLIDARITE et CITOYENNETE DANS LE PAYS DES COLLINES, Network and Management
since 2024 · until 2030
Ruddy WATTIEZ
Director
Also active at: MULTITEL, MATERIA NOVA, WEL Research Institute, UMONS VENTURE, IMBC SPINNOVA
since 2024 · until 2030
since 2025 · until 2030
Shareholders
73.1%
26.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Pierre et Marie Curie 2
7000 Mons
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0564.943.143
- VAT number
- BE 0564.943.143
- Registered office
- Rue Pierre et Marie Curie 2, 7000 Mons
- Names & denominations
- EURO-MULTITEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 2014
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- multitel.be
- Activities · NACE
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