Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MULTICLINIC from Courcelles, company number BE0677437409, closed financial year 2025 with a result of € 13,120 after tax. For that financial year MULTICLINIC recorded a gross margin of € 161,724 and equity of € -37,208. Compared with financial year 2024, the result moved from € 45,209 to € 13,120. The company is profitable. 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 July 6, 2026.
€ -37,208
▲ € 13,120 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,120
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 28,097
▼ 56% 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 € -43,408.
People and assets in 2025
2.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 99,096
▲ 13% vs 2024
€ 43,100 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.
€ 7,892
▼ 54% vs 2024
Of which on lease € 7,892.
Debts at end 2025
€ 202,551
▼ 28% vs 2024
€ 58,583 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 78,855
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,141
▼ 28% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 152,138 | € 225,999 | € 205,710 | € 161,724 | ▼ 21% |
| Profit after taxes | € -278 | € 66,426 | € 45,209 | € 13,120 | ▼ 71% |
| Equity | € -161,964 | € -95,537 | € -50,328 | € -37,208 | ▲ € 13,120 |
| Total debts | € 660,973 | € 543,058 | € 495,431 | € 415,787 | ▼ 16% |
| Cash | € 47,627 | € 24,349 | € 63,245 | € 28,097 | ▼ 56% |
| Land & buildings | € 357,563 | € 334,551 | € 311,540 | € 288,528 | ▼ 7% |
| Retained profit | € -168,164 | € -101,737 | € -56,528 | € -43,408 | ▲ € 13,120 |
| Bank debt | € 455,629 | € 367,849 | € 279,385 | € 202,551 | ▼ 28% |
| Balance sheet total | € 499,009 | € 447,521 | € 445,103 | € 378,580 | ▼ 15% |
| Employees (FTE) | 2.2 | 2.2 | 2.6 | 2.3 | ▼ 0.3 |
Key figures of MULTICLINIC, 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 MULTICLINIC?
What happened at MULTICLINIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,120 (▼ 71% vs 2024). Source: NBB ↗
- New establishment in Courcelles. KBO
- Mythithna Luang Raj became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 278 loss in 2022 to € 13,120 profit in 2025.
Best year ever: 2023, with € 66,426 profit.
On average € 70,300 of value added per employee in 2025.
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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
Behind MULTICLINIC is Mythithna Luang Raj.
Directors
According to the 2025 annual accounts
Mythithna Luang Raj
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Rue Paul Pastur(CO) 2
6180 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0677.437.409
- VAT number
- BE 0677.437.409
- Registered office
- Rue Paul Pastur(CO) 2, 6180 Courcelles
- Names & denominations
- MULTICLINIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2017
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Activiteiten van tandartspraktijken