Multi
ActiveMulti has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €159k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 2267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+10
Solvency45▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.7 in 2024; short-term debt: 55.3% and cash: 0.2% of total assets), and 80.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
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
19.7%
Return on assets
2.2%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
31 d late
2023
31 d late
2022
1 d late
2021
31 d late
2020
76 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.39M▲ 12.8%
2024 · €1.24M
2019: €616k
2020: €743k
2021: €829k
2022: €1.18M
2023: €1.24M
2024: €1.24M
2019 → 2025
Total assets
€7.09M▲ 6.8%
2024 · €6.63M
2019: €3.25M
2020: €3.16M
2021: €4.18M
2022: €4.80M
2023: €5.68M
2024: €6.63M
2019 → 2025
Net result
€159k
2024 · €-4k
2019: €86k
2020: €172k
2021: €87k
2022: €351k
2023: €59k
2024: €-4k
2019 → 2025
Working capital
€-1.05M▼ 5.7%
2024 · €-988k
2019: €321k
2020: €296k
2021: €151k
2022: €67k
2023: €-528k
2024: €-988k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€829k-€1.18M▲ 42.4%€1.24M▲ 5.0%€1.24M▼ 0.4%€1.39M▲ 12.8%
Operating result€147k-€492k▲ 235%€121k▼ 75.3%€102k▼ 16.1%€372k▲ 265%
Net result€87k-€351k▲ 306%€59k▼ 83.2%€-4k€159k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 265% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.09M
Fixed assets
€4.21M▼ 1.5%
Current assets
€2.88M▲ 21.9%
Equity and liabilities €7.09M
Equity
€1.39M▲ 12.8%
Provisions
€87k▼ 4.2%
Debt
€5.60M▲ 5.6%
The debt ratio falls from 80.0% to 79.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€503k▲
2024 · €271k
Cash flow
€289k▲
2024 · €164k
Solvency
19.7%▲
2024 · 18.6%
Current ratio
0.73▲
2024 · 0.70
Quick ratio
0.73▲
2024 · 0.70
Debt / equity
4.02▼
2024 · 4.29
ROE
11.4%▲
2024 · -0.4%
ROA
2.2%▲
2024 · -0.1%
Interest coverage
3.11▲
2024 · 2.19
Debt
€5.60M▲
2024 · €5.30M
Debt ≤ 1 year
€3.92M▲
2024 · €3.35M
Debt > 1 year
€1.56M▼
2024 · €1.86M
Income taxes
€73k▲
2024 · €6k
Staff costs
€64k▲
2024 · €58k
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€6.63M€7.09M▲
Fixed assets21/28€4.27M€4.21M▼
Tangible fixed assets22/27€4.26M€4.20M▼
Land and buildings22€4.23M€4.17M▼
Plant, machinery and equipment23€32k€26k▼
Furniture and vehicles24€939€632▼
Financial fixed assets28€10k€10k=
Current assets29/58€2.36M€2.88M▲
Amounts receivable after more than one year29€549k€480k▼
Other amounts receivable291€549k€480k▼
Amounts receivable within one year40/41€1.76M€2.35M▲
Trade receivables40€346k€438k▲
Other amounts receivable41€1.41M€1.91M▲
Current investments50/53€494€494=
Cash at bank and in hand54/58€17k€11k▼
Deferred charges and accrued income490/1€34k€37k▲
Equity and liabilities
Total equity and liabilities10/49€6.63M€7.09M▲
Equity10/15€1.24M€1.39M▲
Contributions10/11€551k€551k=
Capital10-€551k
Issued capital100-€551k
Reserves13€547k€536k▼
Tax-exempt reserves132€274k€262k▼
Distributable reserves133€274k€274k=
Profit (loss) carried forward14€137k€307k▲
Provisions and deferred taxes16€91k€87k▼
Provisions for liabilities and charges160/5-€87k
Major repairs and maintenance162-€87k
Deferred taxes168€91k-
Amounts payable17/49€5.30M€5.60M▲
Amounts payable after more than one year17€1.86M€1.56M▼
Financial debts170/4€1.86M€1.56M▼
Amounts payable within one year42/48€3.35M€3.92M▲
Current portion of amounts payable after more than one year42€302k€299k▼
Financial debts43€1.78M€2.70M▲
Credit institutions430/8€1.78M€2.70M▲
Trade debts44€108k€119k▲
Suppliers440/4€108k€119k▲
Taxes, remuneration and social security45€134k€205k▲
Taxes450/3€114k€179k▲
Remuneration and social security454/9€20k€26k▲
Other amounts payable47/48€1.03M€596k▼
Accrued charges and deferred income492/3€100k€124k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€58k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€131k▼
Other operating charges640/8€67k€82k▲
Gross operating margin9900€396k€649k▲
Operating profit (loss)9901€102k€372k▲
Financial income75/76B€20k€18k▼
Recurring financial income75€20k€18k▼
Financial charges65/66B€124k€162k▲
Recurring financial charges65€124k€162k▲
Profit (loss) for the period before taxes9903€-3k€228k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€6k€73k▲
Profit (loss) for the period9904€-4k€159k▲
Transfer from tax-exempt reserves789€11k€11k=
Profit (loss) for the period to be appropriated9905€7k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€137k€307k▲
Profit (loss) brought forward from the previous period14P€130k€137k▲
The notes to these accounts (9 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-09
Financial
Back to profitnet €159k
Net result €159k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-09
Financial
Weakest financial yearnet €-4k ▼108%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Highest result since 2019net €351k ▲306%
Operating result €492k, net result €351k, both a record.
30-09
Financial
Equity above €1MEq €1.18M ▲42.4%
4 profitable years in a row build equity to €1.18M.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 76 days late
2020
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Agatha-Berchem · 1 establishment unit since 1993
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.
Technologiestraat 11B1082 Sint-Agatha-BerchemGround area
4,982 m²
Building footprint
1,837 m²
Volume, LiDAR
12,738 m³
2 parcels, Brussels, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beekstraat 14, 9300 Aalst
since 19932.064.843.750
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0069/00E000 | Flanders | 3,543 m² | 1 · 379 m² | 10.1 m · 2 fl. |
| 21003A0335/00V003 | Brussels | 1,438 m² | 1 · 1,458 m² | 13.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BEDRIJVENCENTRUM TIENEN
BE 0432.419.961
Tienen · Eq €1.40M
MERCURIUS
BE 0808.600.116
Lede · Eq €1.40M
DST
BE 0809.430.257
Lokeren · Eq €1.39M
KROEGLAND
BE 0417.498.193
Leuven · Eq €1.39M
Monceau-fontaines
BE 0457.065.582
Charleroi · Eq €1.39M
Of 24,501 companies in sector 82990 we hold annual accounts for 9,399. 3,917 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-1993
Fiscal year end30-09
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.