MULTANI
ActiveThe computed 12-month bankruptcy probability of MULTANI is 1.6% (moderate). The 2025 annual accounts show equity of €34k and a net result of €3k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 1885 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
74
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+47
Solvency45▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 3.43 in 2024), but 82.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
1.7%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1885 sector peers (2025).
NBB · sector comparisonPosition among 1885 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 6 filingsDeviation from the deadline
2025
20 d late
2024
4 d early
2023
48 d early
2022
25 d late
2021
2 d late
2020
21 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 10.6%
2024 · €31k
2020: €23k
2021: €27k
2022: €29k
2023: €31k
2024: €31k
2020 → 2025
Total assets
€199k▼ 0.9%
2024 · €200k
2020: €56k
2021: €106k
2022: €142k
2023: €219k
2024: €200k
2020 → 2025
Net result
€3k▲ 5,452%
2024 · €59
2020: €18k
2021: €4k
2022: €2k
2023: €2k
2024: €59
2020 → 2025
Working capital
€113k▲ 25.3%
2024 · €90k
2020: €14k
2021: €29k
2022: €37k
2023: €71k
2024: €90k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€29k▲ 7.8%€31k▲ 6.2%€31k▲ 0.2%€34k▲ 10.6%
Operating result€5k-€3k▼ 49.4%€2k▼ 12.1%€2k▼ 2.7%€7k▲ 194%
Net result€4k-€2k▼ 41.5%€2k▼ 15.1%€59▼ 96.7%€3k▲ 5,452%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 194% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€54k▼ 26.7%
Current assets
€145k▲ 13.9%
Equity and liabilities €199k
Equity
€34k▲ 10.6%
Debt
€164k▼ 3.0%
The debt ratio falls from 84.5% to 82.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€26k▲
2024 · €23k
Cash flow
€23k▲
2024 · €21k
Solvency
17.3%▲
2024 · 15.5%
Current ratio
4.54▲
2024 · 3.43
Quick ratio
3.48▲
2024 · 2.23
Debt / equity
4.80▼
2024 · 5.47
ROE
9.6%▲
2024 · 0.2%
ROA
1.7%▲
2024 · 0.0%
Interest coverage
78.04▼
2024 · 82.04
Debt
€164k▼
2024 · €169k
Debt ≤ 1 year
€32k▼
2024 · €37k
Debt > 1 year
€132k=
2024 · €132k
Income taxes
€3k▲
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€200k€199k▼
Fixed assets21/28€73k€54k▼
Tangible fixed assets22/27€73k€54k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€43k€30k▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€127k€145k▲
Stocks and contracts in progress3€45k€34k▼
Stocks30/36€45k€34k▼
Amounts receivable within one year40/41€62k€91k▲
Trade receivables40€58k€90k▲
Other amounts receivable41€4k€815▼
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€200k€199k▼
Equity10/15€31k€34k▲
Contributions10/11€5k€5k=
Reserves13€26k€29k▲
Distributable reserves133€26k€29k▲
Profit (loss) carried forward14€59€59=
Amounts payable17/49€169k€164k▼
Amounts payable after more than one year17€132k€132k=
Financial debts170/4€132k€132k=
Amounts payable within one year42/48€37k€32k▼
Trade debts44€8k€14k▲
Suppliers440/4€8k€14k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€25k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€25k€28k▲
Operating profit (loss)9901€2k€7k▲
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€280€335▲
Recurring financial charges65€280€335▲
Profit (loss) for the period before taxes9903€2k€6k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€59€3k▲
Profit (loss) for the period to be appropriated9905€59€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59€3k▲
Profit (loss) brought forward from the previous period14P-€59
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €59 ▼96.7%
Net result drops to €59, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lebbeke · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kruisveldbaan 159280 LebbekeGround area
811 m²
Building footprint
185 m²
Volume, LiDAR
732 m³
Parcel 42027B0184/00L000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MULTANI
since 20192.296.409.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42027B0184/00L000 | Flanders | 811 m² | 1 · 185 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0845.219.297
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DEBEER
BE 1018.031.727
Ieper · Eq €34k
TAHIRY
BE 0700.626.050
Antwerpen · Eq €34k
C & R Marine
BE 1005.857.930
Brecht · Eq €34k
MOUTON METAALBEWERKING
BE 0897.023.435
Aalter · Eq €34k
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 908 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2019
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25110Manufacture of metal structures and parts of structures
25999Manufacture of fabricated metal products, except machinery and equipment
29202Manufacture of motor vehicles, trailers and semi-trailers
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.