MULTENS
ActiveSummary
The computed 12-month bankruptcy probability of MULTENS is 2.0% (moderate). The 2025 annual accounts show equity of €524,705 and a net result of -€117,706. Equity is growing by about 14% per year across the filed financial years. The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €524,705
- Loss
- -€117,706
Why 52raises riskLoss of €117,706, the second in a row (financial year 2025)1 change of registered office in 24 monthsLast filed accounts filed 62 days late; 1 of the last 3 latelowers riskSize: total assets €803,999Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 55% on solvency, 27% on liquidity, 9% on profitability and 18% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€117,706
- Resignations: BROSENS Marc Jozef Emma (director)…Appointment: VERHOLEN Annita Eugeen Rosalia…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (62 days) Filed on 1 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548915.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €170,184 in 2025 against €788 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
- 2025 Net result -12,267% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 929 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,475 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% | 0.9% |
| 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 74.5% 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 929 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10,500 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €5,229 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,114 | €9,114 | €9,114 | €7,347 | €7,347 | €5,554 | €5,554 | €36,995 | ▲ 566% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €145,000 | - |
| Other operating charges640/8 | - | - | - | €10,370 | €11,720 | €13,242 | €505 | €5,027 | ▲ 895% |
| Gross operating margin9900 | €196,828 | -€3,795 | -€7,436 | €211,664 | €334 | €403,864 | €5,271 | €16,839 | ▲ 219% |
| Operating profit (loss)9901 | €181,173 | -€19,557 | -€23,175 | €193,947 | -€18,733 | €385,068 | -€788 | -€170,184 | ▼ 21,489% |
| Financial income75/76B | - | - | - | - | €68 | €18 | - | €0 | - |
| Recurring financial income75 | €398 | €39 | - | - | €68 | €18 | - | €0 | - |
| Financial charges65/66B | - | - | - | €1,058 | €116 | €947 | €164 | €255 | ▲ 56.0% |
| Recurring financial charges65 | €85 | €116 | €67 | €60 | €116 | €947 | €164 | €255 | ▲ 56.0% |
| Non-recurring financial charges66B | - | - | - | €998 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €181,486 | -€19,635 | -€23,242 | €192,888 | -€18,781 | €384,139 | -€952 | -€170,439 | ▼ 17,807% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | - | €58,516 | - |
| Transfer to deferred taxes680 | - | - | - | €55,460 | - | €103,302 | - | - | - |
| Income taxes67/77 | €27,556 | - | - | - | - | - | - | €5,784 | - |
| Profit (loss) for the period9904 | €153,930 | -€19,635 | -€23,242 | €137,429 | -€18,781 | €280,837 | -€952 | -€117,706 | ▼ 12,267% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €175,549 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €166,379 | - | €309,907 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €153,930 | -€19,635 | -€23,242 | -€28,951 | -€18,781 | -€29,070 | -€952 | €57,843 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €839,359 | €763,512 | €535,789 | €583,896 | €567,220 | €949,592 | €950,129 | €803,999 | ▼ 15.4% |
| Fixed assets21/28 | €313,444 | €304,331 | €295,217 | €249,709 | €242,362 | €210,018 | €204,464 | €787,663 | ▲ 285% |
| Tangible fixed assets22/27 | €313,444 | €304,331 | €295,217 | €249,709 | €242,362 | €210,018 | €204,464 | €787,663 | ▲ 285% |
| Land and buildings22 | - | - | - | €249,709 | €242,362 | €210,018 | €204,464 | €787,663 | ▲ 285% |
| Current assets29/58 | €525,915 | €459,181 | €240,573 | €334,188 | €324,858 | €739,574 | €745,665 | €16,336 | ▼ 97.8% |
| Amounts receivable within one year40/41 | €522,334 | €147,334 | €147,334 | €147,334 | €147,334 | €147,334 | €199,900 | - | - |
| Trade receivables40 | - | - | - | - | - | - | €54,900 | - | - |
| Other amounts receivable41 | - | - | - | €147,334 | €147,334 | €147,334 | €145,000 | - | - |
| Cash at bank and in hand54/58 | €1,012 | €309,218 | €91,133 | €184,624 | €175,019 | €592,240 | €545,765 | €16,336 | ▼ 97.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,229 | €2,505 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €839,359 | €763,512 | €535,789 | €583,896 | €567,220 | €949,592 | €950,129 | €803,999 | ▼ 15.4% |
| Equity10/15 | €286,755 | €267,120 | €243,879 | €381,307 | €362,526 | €643,363 | €642,412 | €524,705 | ▼ 18.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €16,200 | €16,200 | €16,200 | €182,579 | €182,579 | €492,487 | €492,487 | €462,705 | ▼ 6.0% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €166,379 | €166,379 | €476,287 | €476,287 | €300,737 | ▼ 36.9% |
| Distributable reserves133 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €155,768 | ▲ 16× |
| Profit (loss) carried forward14 | €208,555 | €188,920 | €165,679 | €136,728 | €117,947 | €88,877 | €87,925 | - | - |
| Provisions and deferred taxes16 | - | - | - | €55,460 | €55,460 | €158,762 | €158,762 | €100,246 | ▼ 36.9% |
| Deferred taxes168 | - | - | - | €55,460 | €55,460 | €158,762 | €158,762 | €100,246 | ▼ 36.9% |
| Amounts payable17/49 | €552,604 | €496,392 | €291,911 | €147,129 | €149,233 | €147,466 | €148,955 | €179,048 | ▲ 20.2% |
| Amounts payable within one year42/48 | €552,604 | €496,392 | €291,911 | €147,129 | €149,233 | €147,466 | €148,955 | €178,298 | ▲ 19.7% |
| Trade debts44 | €29,226 | €20 | €1,911 | €2,129 | €4,233 | €3,404 | €4,554 | €3,434 | ▼ 24.6% |
| Suppliers440/4 | - | - | - | €2,129 | €4,233 | €3,404 | €4,554 | €3,434 | ▼ 24.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €5,784 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €5,784 | - |
| Other amounts payable47/48 | - | - | - | €145,000 | €145,000 | €144,062 | €144,401 | €169,079 | ▲ 17.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €750 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153,930 | -€19,635 | -€23,242 | €137,429 | -€18,781 | €280,837 | -€952 | -€117,706 | ▼ 12,267% |
| + Depreciation and write-downs630 | €9,114 | €9,114 | €9,114 | €7,347 | €7,347 | €5,554 | €5,554 | €36,995 | ▲ 566% |
| Operating cash flow (approximation) | €163,044 | -€10,521 | -€14,128 | €144,776 | -€11,434 | €286,391 | €4,602 | -€80,711 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €38,161 | €0 | €26,791 | €0 | -€620,194 | - |
| Change in cash | - | €308,206 | -€218,085 | €93,491 | -€9,606 | €417,222 | -€46,476 | -€529,429 | ▼ 1,039% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-10-2026 | 2026-00548915 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00350956 |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00208937 |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00128327 |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20067088 |
| 31-12-2020 | micro format | 06-04-2021 | 2021-09800294 |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19800263 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67300197 |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25200527 |
| 31-12-2016 | micro format | 19-07-2017 | 2017-34000501 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BROSENS Marc Jozef Emma |
|
| VERHOLEN Annita Eugeen Rosalia |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
10-10
Gazette deed
Resignations: BROSENS Marc Jozef Emma (director) and VERHOLEN Annita Eugeen Rosalia (director)Appointment: VERHOLEN Annita Eugeen Rosalia (sole director) · Amendment of the articles · Registered-office move7 facts ▸
- General meeting, “buitengewone algemene vergadering, unanimiteit” (deed in Dutch)
- Amendment of the articles
- Director resignation, BROSENS Marc Jozef Emma (director)
- Director resignation, VERHOLEN Annita Eugeen Rosalia (director)
- Director appointment, VERHOLEN Annita Eugeen Rosalia (sole director)
- Registered-office move, 2323 Wortel, Pater Declerckstraat 8
- Power of attorney
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13051A0204/00Y002 | Flanders | 512 m² | 1 · 143 m² | 7.2 m · 1 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTIKEL 20.- VERTEGENWOORDIGING VAN DE VENNOOTSCHAP 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer…”“ARTIKEL 25.- VERTEGENWOORDIGING VAN DE VENNOOTSCHAP 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer…”
Full text
ARTIKEL 25.- VERTEGENWOORDIGING VAN DE VENNOOTSCHAP 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij ondertekend worden door de enige bestuurder. 2. Binnen de grenzen van het dagelijks bestuur wordt de vennootschap ook in en buiten rechte geldig vertegenwoordigd door de personen gelast met het dagelijks bestuur die alleen handelen, tenzij de aanstelling anders voorziet, welke afwijkende bepaling in deze aanstelling alsdan niét tegenwerpelijk is aan derden, zonder evenwel afbreuk te doen aan de eventuele, interne aansprakelijkheid van de dagelijkse bestuurder(s). 3. De enige bestuurder mag bijzondere volmachten verlenen aan één of meer personen. De vennootschap wordt geldig vertegenwoordigd door deze bijzondere volmachtdragers binnen de grenzen van hun volmacht. Overeenkomstig artikel 2:53 WVV dient in alle akten die een rechtspersoon verbinden onmiddellijk voor of na de handtekening van een persoon die de rechtspersoon vertegenwoordigt te worden vermeld in welke hoedanigheid hij optreedt. Behoudens andersluidende beslissing, zal de bestuurder tevens de vaste vertegenwoordiger zijn van de vennootschap indien deze een bestuurdersmandaat opneemt in een andere vennootschap overeenkomstig artikel 2:55 WVV.
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, verwijzing naar 'het bestuursorgaan' omvat zowel eventuele raad van bestuur als eventuele enige bestuurder” (deed in Dutch)“Hoogstens zes jaar, samenstelling raad van bestuur” (deed in Dutch)“Voorzitterschap, raad van bestuur kiest uit zijn midden een voorzitter” (deed in Dutch)“Plaats aangewezen in de oproepingsbrief of bij gebrek aan dergelijke aanwijzing, in de zetel van de vennootschap, bijeenroeping” (deed in Dutch)“Elke bestuurder kan aan één van zijn collega's volmacht verlenen om hem te vertegenwoordigen op een bepaalde raad van bestuur en om er in…” (deed in Dutch)“Notulen, bewaard in een bijzonder register” (deed in Dutch)6 more provisions on this in the deed
- Permanent representative ruleA company that is a director names a natural person to carry out the mandate on its behalf.
- “Vaste vertegenwoordiger voor rechtspersoon bestuurder, natuurlijke persoon” (deed in Dutch)