MFR MULTI SERVICES
ActiveSummary
MFR MULTI SERVICES has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263k and a net result of €-18k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-33
Solvency91▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 4.24 in 2024; short-term debt: 22.4% and cash: 21.3% of total assets), and 34.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
30 d late
2023
70 d late
2022
101 d late
2021
11 d late
2020
92 d late
2019
107 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.08M
EBIT margin
-0.9%
Net result
€-18k
2024 · €6k
2018: €42k
2019: €46k▲ +8.5% vs 2018highest in 8 years
2020: €37k▼ -19.5% vs 2019
2021: €44k▲ +18.4% vs 2020
2022: €-3k▼ -107% vs 2021
2023: €28k▲ +1015% vs 2022
2024: €6k▼ -77.3% vs 2023
2025: €-18k▼ -389% vs 2024lowest in 8 years
2018 → 2025
Working capital
€268k▼ 7.0%
2024 · €288k
2018: €41klowest in 8 years
2019: €87k▲ +114% vs 2018
2020: €126k▲ +44.4% vs 2019
2021: €177k▲ +40.7% vs 2020
2022: €233k▲ +31.8% vs 2021
2023: €271k▲ +16.1% vs 2022
2024: €288k▲ +6.4% vs 2023highest in 8 years
2025: €268k▼ -7.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.08M
Equity€250k-€247k▼ 1.2%€275k▲ 11.4%€281k▲ 2.3%€263k▼ 6.5%
2021: €250k
2022: €247k▼ -1.2% vs 2021lowest in 5 years
2023: €275k▲ +11.4% vs 2022
2024: €281k▲ +2.3% vs 2023highest in 5 years
2025: €263k▼ -6.5% vs 2024
Operating result€72k-€3k▼ 95.8%€49k▲ 1,525%€19k▼ 61.8%€-10k
2021: €72khighest in 5 years
2022: €3k▼ -95.8% vs 2021
2023: €49k▲ +1525% vs 2022
2024: €19k▼ -61.8% vs 2023
2025: €-10k▼ -154% vs 2024lowest in 5 years
Net result€44k-€-3k€28k€6k▼ 77.3%€-18k
2021: €44khighest in 5 years
2022: €-3k▼ -107% vs 2021
2023: €28k▲ +1015% vs 2022
2024: €6k▼ -77.3% vs 2023
2025: €-18k▼ -389% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets
€43k ▼ 33.7%
Current assets
€358k ▼ 5.1%
Equity and liabilities €401k
Equity
€263k ▼ 6.5%
Debt
€138k ▼ 14.2%
Debt's share of the balance-sheet total falls from 36.4% to 34.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €46k
Cash flow
€3k▼
2024 · €34k
Current ratio
3.98▼
2024 · 4.24
Debt to equity
0.52▼
2024 · 0.57
ROE
-7.0%▼
2024 · 2.3%
ROA
-4.6%▼
2024 · 1.4%
Interest coverage
1.90▼
2024 · 4.76
Debt ≤ 1 year
€90k▲
2024 · €89k
Debt > 1 year
€46k▼
2024 · €70k
Income taxes
€2k▼
2024 · €3k
Staff costs
€950k▲
2024 · €932k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€442k€401k▼
Fixed assets21/28€65k€43k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€65k€43k▼
Furniture and vehicles24€605-
Leasing and similar rights25€62k€41k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€50€50=
Current assets29/58€377k€358k▼
Amounts receivable after more than one year29€46k€46k=
Trade receivables290€46k-
Other amounts receivable291-€46k
Amounts receivable within one year40/41€206k€226k▲
Other amounts receivable41€206k€226k▲
Cash at bank and in hand54/58€120k€85k▼
Deferred charges and accrued income490/1€5k€117▼
Equity and liabilities
Total equity and liabilities10/49€442k€401k▼
Equity10/15€281k€263k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€273k€255k▼
Amounts payable17/49€161k€138k▼
Amounts payable after more than one year17€70k€46k▼
Financial debts170/4€70k€46k▼
Amounts payable within one year42/48€89k€90k▲
Current portion of amounts payable after more than one year42€37k€40k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€49k€42k▼
Taxes450/3€18k€6k▼
Remuneration and social security454/9€31k€36k▲
Other amounts payable47/48€524-
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Turnover70-€1.08M
Goods, raw materials, services and sundry goods60/61-€121k
Remuneration, social security and pensions62€932k€950k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€22k▼
Other operating charges640/8€200€213▲
Gross operating margin9900€978k€962k▼
Operating profit (loss)9901€19k€-10k▼
Financial income75/76B€688€289▼
Recurring financial income75€688€289▼
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€6k▼
Non-recurring financial charges66B-€300
Profit (loss) for the period before taxes9903€10k€-16k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€6k€-18k▼
Profit (loss) for the period to be appropriated9905€6k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€273k€255k▼
Profit (loss) brought forward from the previous period14P€267k€273k▲
Social balance
Average headcount (FTE)908727.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.08M | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €121k | - |
| Remuneration, social security and pensions62 | €775k | €870k | €808k | €932k | €950k | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €29k | €27k | €22k | ▼ 20.1% |
| Other operating charges640/8 | €341 | €355 | €259 | €200 | €213 | ▲ 6.5% |
| Gross operating margin9900 | €856k | €881k | €886k | €978k | €962k | ▼ 1.7% |
| Operating profit (loss)9901 | €72k | €3k | €49k | €19k | €-10k | ▼ 154% |
| Financial income75/76B | - | - | €96 | €688 | €289 | ▼ 58.0% |
| Recurring financial income75 | - | - | €96 | €688 | €289 | ▼ 58.0% |
| Financial charges65/66B | €643 | €6k | €12k | €10k | €7k | ▼ 32.5% |
| Recurring financial charges65 | €643 | €384 | €12k | €10k | €6k | ▼ 35.6% |
| Non-recurring financial charges66B | - | €5k | - | - | €300 | - |
| Profit (loss) for the period before taxes9903 | €71k | €-3k | €37k | €10k | €-16k | ▼ 269% |
| Income taxes67/77 | €28k | €405 | €9k | €3k | €2k | ▼ 33.9% |
| Profit (loss) for the period9904 | €44k | €-3k | €28k | €6k | €-18k | ▼ 389% |
| Profit (loss) for the period to be appropriated9905 | €44k | €-3k | €28k | €6k | €-18k | ▼ 389% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €378k | €376k | €444k | €442k | €401k | ▼ 9.3% |
| Fixed assets21/28 | €75k | €16k | €92k | €65k | €43k | ▼ 33.7% |
| Intangible fixed assets21 | €13k | €9k | €4k | €0 | - | - |
| Tangible fixed assets22/27 | €7k | €7k | €88k | €65k | €43k | ▼ 33.7% |
| Plant, machinery and equipment23 | €2k | €3k | €1k | - | - | - |
| Furniture and vehicles24 | €745 | €129 | €1k | €605 | - | - |
| Leasing and similar rights25 | - | - | €83k | €62k | €41k | ▼ 33.3% |
| Other tangible fixed assets26 | €4k | €3k | €3k | €2k | €2k | ▼ 25.0% |
| Financial fixed assets28 | €55k | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €303k | €361k | €352k | €377k | €358k | ▼ 5.1% |
| Amounts receivable after more than one year29 | €46k | €46k | €46k | €46k | €46k | = |
| Trade receivables290 | - | - | - | €46k | - | - |
| Other amounts receivable291 | €46k | €46k | €46k | - | €46k | - |
| Amounts receivable within one year40/41 | €148k | €173k | €191k | €206k | €226k | ▲ 9.6% |
| Other amounts receivable41 | €148k | €173k | €191k | €206k | €226k | ▲ 9.6% |
| Cash at bank and in hand54/58 | €108k | €142k | €110k | €120k | €85k | ▼ 28.8% |
| Deferred charges and accrued income490/1 | €174 | €181 | €5k | €5k | €117 | ▼ 97.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €378k | €376k | €444k | €442k | €401k | ▼ 9.3% |
| Equity10/15 | €250k | €247k | €275k | €281k | €263k | ▼ 6.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €242k | €239k | €267k | €273k | €255k | ▼ 6.7% |
| Amounts payable17/49 | €128k | €130k | €169k | €161k | €138k | ▼ 14.2% |
| Amounts payable after more than one year17 | - | - | €86k | €70k | €46k | ▼ 33.9% |
| Financial debts170/4 | - | - | €86k | €70k | €46k | ▼ 33.9% |
| Amounts payable within one year42/48 | €126k | €128k | €81k | €89k | €90k | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €19k | €37k | €37k | €40k | ▲ 7.7% |
| Trade debts44 | €4k | €419 | €5k | €2k | €7k | ▲ 244% |
| Suppliers440/4 | €4k | €419 | €5k | €2k | €7k | ▲ 244% |
| Taxes, remuneration and social security45 | €121k | €108k | €39k | €49k | €42k | ▼ 13.4% |
| Taxes450/3 | €32k | €22k | €13k | €18k | €6k | ▼ 65.3% |
| Remuneration and social security454/9 | €89k | €86k | €26k | €31k | €36k | ▲ 17.9% |
| Other amounts payable47/48 | €369 | - | €530 | €524 | - | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €-3k | €28k | €6k | €-18k | ▼ 389% |
| + Depreciation and write-downs630 | €9k | €8k | €29k | €27k | €22k | ▼ 20.1% |
| Operating cash flow (approximation) | €52k | €5k | €57k | €34k | €3k | ▼ 89.8% |
| Investment in fixed assets (approximation) | - | €52k | €-105k | €0 | €1 | - |
| Change in cash | - | €33k | €-31k | €10k | €-35k | ▼ 456% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 70 days late
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Equity above €200kEq €206k ▲21.7%
3 profitable years in a row build equity to €206k.
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 107 days late
2019
31-12
Financial
Highest result since 2018net €46k ▲8.5%
Operating result €81k, net result €46k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲36.9%
2 profitable years in a row build equity to €170k.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Virton · 1 establishment unit since 2009
Ground area
1,657 m²
Building footprint
320 m²
Parcel 85035C1392/00M002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MFR MULTI SERVICES
since 20092.182.248.293
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85035C1392/00M002 | Wallonia | 1,657 m² | 1 · 320 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 808 companies in sector 96910 we hold annual accounts for 616. 459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
96910Personal service activities
Scores and ratios are computed by Checked and are not a credit decision.