MOULTIPASS
ActiveSummary
The computed 12-month bankruptcy probability of MOULTIPASS is 1.7% (moderate). The 2025 annual accounts show equity of €643 and a net result of €9,955. Equity is shrinking by ~11.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 20% of 11547 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-13
Solvency26▲+26
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
8 d late
2023
43 d early
2022
42 d early
2021
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 19 June (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,955▲ 567%
2024 · €1,493
Working capital
-€11,781▼ 13.9%
2024 · -€10,345
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,578--€13,228-€1,716▲ 87.0%€2,301-€285
Net result€3,764within the sector's middle half--€13,935below the sector's middle half-€2,634within the sector's middle half▲ 81.1%€1,493below the sector's middle half€9,955within the sector's middle half▲ 567%
Equity€5,764below the sector's middle half--€8,171below the sector's middle half-€10,805below the sector's middle half▼ 32.2%-€9,313below the sector's middle half▲ 13.8%€643below the sector's middle half
Total assets€20,455below the sector's middle half-€32,133below the sector's middle half▲ 57.1%€24,482below the sector's middle half▼ 23.8%€20,992below the sector's middle half▼ 14.3%€57,244below the sector's middle half▲ 173%
Debt€14,691-€40,304▲ 174%€35,288▼ 12.4%€30,305▼ 14.1%€56,601▲ 86.8%
Working capital€5,864within the sector's middle half--€12,679below the sector's middle half-€13,382below the sector's middle half▼ 5.5%-€10,345below the sector's middle half▲ 22.7%-€11,781below the sector's middle half▼ 13.9%
Solvency28.2%within the sector's middle half--25.4%below the sector's middle half▼ 53.6pp-44.1%below the sector's middle half▼ 18.7pp-44.4%below the sector's middle half▼ 0.2pp1.1%below the sector's middle half▲ 45.5pp
Current ratio1.41within the sector's middle half-0.46below the sector's middle half▼ 0.950.43below the sector's middle half▼ 0.030.56below the sector's middle half▲ 0.130.45below the sector's middle half▼ 0.11
Return on assets (ROA)18.4%above the sector's middle half--43.4%below the sector's middle half▼ 61.8pp-10.8%below the sector's middle half▲ 32.6pp7.1%within the sector's middle half▲ 17.9pp17.4%above the sector's middle half▲ 10.3pp
Staff (FTE)0.8-1.4▲ 75.0%1▼ 28.6%0.8below the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €285 after €2,301 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,244
Fixed assets
€47,598 ▲ 517%
Current assets
€9,645 ▼ 27.4%
Equity and liabilities €57,244
Equity
€643
Debt
€56,601
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€4,432▼
2024 · €8,976
Cash flow
€14,672▲
2024 · €8,168
Interest coverage
2.97▼
2024 · 11.10
Debt ≤ 1 year
€21,427▼
2024 · €23,624
Debt > 1 year
€35,174▲
2024 · €6,681
Equity ratios withheld: equity of €643 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,153 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,888 | €35,002 | €2,403 | €1,840 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,702 | €7,130 | €6,675 | €4,716 | ▼ 29.3% |
| Other operating charges640/8 | - | €589 | €577 | €706 | €930 | ▲ 31.7% |
| Gross operating margin9900 | €19,466 | €28,064 | €8,393 | €11,522 | €5,362 | ▼ 53.5% |
| Operating profit (loss)9901 | €5,578 | -€13,228 | -€1,716 | €2,301 | -€285 | ▼ 112% |
| Financial income75/76B | - | €0 | - | - | €11,734 | - |
| Recurring financial income75 | - | €0 | - | - | €1,033 | - |
| Non-recurring financial income76B | - | - | - | - | €10,701 | - |
| Financial charges65/66B | €56 | €706 | €918 | €808 | €1,494 | ▲ 84.8% |
| Recurring financial charges65 | €56 | €706 | €918 | €808 | €1,494 | ▲ 84.8% |
| Profit (loss) for the period before taxes9903 | €5,522 | -€13,935 | -€2,634 | €1,493 | €9,955 | ▲ 567% |
| Income taxes67/77 | €1,758 | - | - | - | - | - |
| Profit (loss) for the period9904 | €3,764 | -€13,935 | -€2,634 | €1,493 | €9,955 | ▲ 567% |
| Profit (loss) for the period to be appropriated9905 | €3,764 | -€13,935 | -€2,634 | €1,493 | €9,955 | ▲ 567% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,455 | €32,133 | €24,482 | €20,992 | €57,244 | ▲ 173% |
| Fixed assets21/28 | €150 | €21,518 | €14,388 | €7,713 | €47,598 | ▲ 517% |
| Tangible fixed assets22/27 | - | €21,368 | €14,238 | €7,563 | €42,448 | ▲ 461% |
| Furniture and vehicles24 | - | €21,368 | €14,238 | €7,563 | €42,448 | ▲ 461% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €5,150 | ▲ 3,333% |
| Current assets29/58 | €20,305 | €10,614 | €10,094 | €13,279 | €9,645 | ▼ 27.4% |
| Amounts receivable within one year40/41 | €12,645 | €9,075 | €7,865 | €9,883 | €5,433 | ▼ 45.0% |
| Trade receivables40 | €12,645 | €9,075 | €7,865 | €9,883 | €5,433 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €7,660 | €1,539 | €1,637 | €3,396 | €4,213 | ▲ 24.1% |
| Deferred charges and accrued income490/1 | - | - | €592 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,455 | €32,133 | €24,482 | €20,992 | €57,244 | ▲ 173% |
| Equity10/15 | €5,764 | -€8,171 | -€10,805 | -€9,313 | €643 | ▲ 107% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €3,764 | -€10,171 | -€12,805 | -€11,313 | -€1,357 | ▲ 88.0% |
| Amounts payable17/49 | €14,691 | €40,304 | €35,288 | €30,305 | €56,601 | ▲ 86.8% |
| Amounts payable after more than one year17 | - | €16,760 | €11,812 | €6,681 | €35,174 | ▲ 426% |
| Financial debts170/4 | - | €16,760 | €11,812 | €6,681 | €35,174 | ▲ 426% |
| Amounts payable within one year42/48 | €14,441 | €23,293 | €23,476 | €23,624 | €21,427 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | €4,772 | €4,948 | €5,131 | €10,510 | ▲ 105% |
| Trade debts44 | €4,189 | €6,207 | €7,641 | €10,528 | €1,871 | ▼ 82.2% |
| Suppliers440/4 | €4,189 | €6,207 | €7,641 | €10,528 | €1,871 | ▼ 82.2% |
| Taxes, remuneration and social security45 | €9,314 | €10,131 | €6,743 | €6,507 | €2,052 | ▼ 68.5% |
| Taxes450/3 | €6,388 | €6,252 | €4,470 | €5,122 | €2,052 | ▼ 59.9% |
| Remuneration and social security454/9 | €2,926 | €3,880 | €2,273 | €1,385 | - | - |
| Other amounts payable47/48 | €939 | €2,183 | €4,143 | €1,458 | €6,994 | ▲ 380% |
| Accrued charges and deferred income492/3 | €250 | €250 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,764 | -€13,935 | -€2,634 | €1,493 | €9,955 | ▲ 567% |
| + Depreciation and write-downs630 | - | €5,702 | €7,130 | €6,675 | €4,716 | ▼ 29.3% |
| Operating cash flow (approximation) | €3,764 | -€8,233 | €4,496 | €8,168 | €14,672 | ▲ 79.6% |
| Investment in fixed assets (approximation) | - | -€27,070 | €0 | €0 | -€44,602 | - |
| Change in cash | - | -€6,121 | €98 | €1,759 | €817 | ▼ 53.6% |
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
08-07
State Gazette act
General meeting · Director resignation
Other statement · Share transfer
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €9,955 ▲567%
Net result €9,955, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
31-12
Financial
Back to profitnet €1,493
Net result €1,493 after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€13,935
Net result drops to -€13,935, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sambreville · 1 establishment unit since 2021
Ground area
871 m²
Building footprint
131 m²
Volume, LiDAR
624 m³
Parcel 92005D0553/00A002, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MOULTIPASS
since 20212.318.556.950
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92005D0553/00A002 | Wallonia | 871 m² | 1 · 131 m² | 6.2 m · 2 fl. |
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 6,144 companies in sector 46190 we hold annual accounts for 2,577. 258 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
Founded22-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769950861
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.