MUL PROPERTIES
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline18-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-12-2024, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
152 d late
2022
31 d late
2021
75 d late
2020
31 d late
2019
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€4k▼ 77.2%
2022 · €17k
2018: €53k
2019: €50k
2020: €41k
2021: €27k
2022: €17k
2018 → 2023
Total assets
€21k▼ 18.7%
2022 · €26k
2018: €55k
2019: €52k
2020: €41k
2021: €31k
2022: €26k
2018 → 2023
Net result
€-13k▼ 27.5%
2022 · €-10k
2018: €-498
2019: €-3k
2020: €-9k
2021: €-14k
2022: €-10k
2018 → 2023
Working capital
€-9k▼ 197%
2021 · €-3k
2018: €8k
2019: €11k
2020: €6k
2021: €-3k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€50k-€41k▼ 18.6%€27k▼ 33.6%€17k▼ 37.7%€4k▼ 77.2%
Operating result€-3k-€-9k▼ 237%€-13k▼ 40.0%€-10k▲ 21.0%€-13k▼ 25.2%
Net result€-3k-€-9k▼ 220%€-14k▼ 47.4%€-10k▲ 25.6%€-13k▼ 27.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2023 against €10k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €21k
Equity
€4k▼ 77.2%
Debt
€17k▲ 88.7%
The debt ratio rises from 35.2% to 81.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2022 · €-6k
Cash flow
€-9k▼
2022 · €-6k
Solvency
18.2%▼
2022 · 64.8%
Debt / equity
4.49▲
2022 · 0.54
ROE
-337.7%▼
2022 · -60.5%
ROA
-61.5%▼
2022 · -39.2%
Interest coverage
-17.42▲
2022 · -30.38
Debt
€17k▲
2022 · €9k
Debt ≤ 1 year
€17k▲
2022 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€26k€21k▼
Fixed assets21/28€26k€21k▼
Tangible fixed assets22/27€26k€21k▼
Land and buildings22€25k€21k▼
Plant, machinery and equipment23€916€687▼
Current assets29/58€459-
Cash at bank and in hand54/58€459-
Equity and liabilities
Total equity and liabilities10/49€26k€21k▼
Equity10/15€17k€4k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€9k€-4k▼
Amounts payable17/49€9k€17k▲
Amounts payable within one year42/48€9k€17k▲
Trade debts44€2k€87▼
Suppliers440/4€2k€87▼
Other amounts payable47/48€8k€17k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-3k€-5k▼
Operating profit (loss)9901€-10k€-13k▼
Financial charges65/66B€186€470▲
Recurring financial charges65€186€470▲
Profit (loss) for the period before taxes9903€-10k€-13k▼
Profit (loss) for the period9904€-10k€-13k▼
Profit (loss) for the period to be appropriated9905€-10k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-4k▼
Profit (loss) brought forward from the previous period14P€19k€9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
2024
30-12
State Gazette act
Merger · Capital
Accounting effect
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 152 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 5current ratio 37.27
Current ratio from 7.57 to 37.27; short-term debt falls from €2k to €177.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:HANDELSBEURS ANTWERPEN