BY MULTINET
ActiveSummary
The computed 12-month bankruptcy probability of BY MULTINET is 2.4% (moderate). The 2025 annual accounts show equity of €212,116 and a net result of €68,545. Equity is growing by ~37.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 198 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 3 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,720 | €25,226 | €43,132 | ▲ 71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123 | €6,723 | €8,681 | ▲ 29.1% |
| Other operating charges640/8 | €1,060 | €1,830 | €2,626 | ▲ 43.5% |
| Gross operating margin9900 | €69,510 | €246,537 | €138,632 | ▼ 43.8% |
| Operating profit (loss)9901 | €64,608 | €212,758 | €84,194 | ▼ 60.4% |
| Financial income75/76B | €448 | €2 | €2,079 | ▲ 106,528% |
| Recurring financial income75 | €448 | €2 | €2,079 | ▲ 106,528% |
| Financial charges65/66B | €190 | €39 | €87 | ▲ 122% |
| Recurring financial charges65 | €190 | €39 | €87 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €64,866 | €212,721 | €86,186 | ▼ 59.5% |
| Income taxes67/77 | €13,173 | €49,057 | €17,641 | ▼ 64.0% |
| Profit (loss) for the period9904 | €51,693 | €163,664 | €68,545 | ▼ 58.1% |
| Profit (loss) for the period to be appropriated9905 | €51,693 | €163,664 | €68,545 | ▼ 58.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,571 | €298,748 | €379,411 | ▲ 27.0% |
| Fixed assets21/28 | €9,142 | €32,208 | €59,538 | ▲ 84.9% |
| Tangible fixed assets22/27 | €9,142 | €32,208 | €59,538 | ▲ 84.9% |
| Furniture and vehicles24 | €9,142 | €32,208 | €59,538 | ▲ 84.9% |
| Current assets29/58 | €75,429 | €266,539 | €319,874 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €44,014 | €49,482 | €173,970 | ▲ 252% |
| Trade receivables40 | €34,689 | €34,954 | €45,599 | ▲ 30.5% |
| Other amounts receivable41 | €9,325 | €14,529 | €128,372 | ▲ 784% |
| Cash at bank and in hand54/58 | €31,414 | €217,057 | €145,904 | ▼ 32.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,571 | €298,748 | €379,411 | ▲ 27.0% |
| Equity10/15 | €54,193 | €217,856 | €212,116 | ▼ 2.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Outside capital11 | €2,500 | €2,500 | €2,500 | = |
| Other1109/19 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €51,693 | €215,356 | €209,616 | ▼ 2.7% |
| Amounts payable17/49 | €30,378 | €80,891 | €167,296 | ▲ 107% |
| Amounts payable within one year42/48 | €30,378 | €80,891 | €167,296 | ▲ 107% |
| Trade debts44 | €4,868 | €9,173 | €62,099 | ▲ 577% |
| Suppliers440/4 | €4,868 | €9,173 | €62,099 | ▲ 577% |
| Taxes, remuneration and social security45 | €25,510 | €71,718 | €30,911 | ▼ 56.9% |
| Taxes450/3 | €25,510 | €70,115 | €24,809 | ▼ 64.6% |
| Remuneration and social security454/9 | - | €1,603 | €6,102 | ▲ 281% |
| Other amounts payable47/48 | - | - | €74,286 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,693 | €163,664 | €68,545 | ▼ 58.1% |
| + Depreciation and write-downs630 | €123 | €6,723 | €8,681 | ▲ 29.1% |
| Operating cash flow (approximation) | €51,815 | €170,387 | €77,226 | ▼ 54.7% |
| Investment in fixed assets (approximation) | - | -€29,789 | -€36,010 | ▼ 20.9% |
| Change in cash | - | €185,643 | -€71,153 | ▼ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046C0011/00T011 | Flanders | 1,353 m² | 1 · 237 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.