Skip to content

Multi

Active
Private limited companyfounded 1993active for 32 yearsTechnologiestraat 11B, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0451.291.015
Summary

Multi has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €158,717. Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 30% of 2,816 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 07-12-1993 Normal situation
Registered office
20 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
Activity
Other business support services NACE 82990and 3 others
Establishment unit
2.064.843.750 9300 Aalst, since 27-12-1993
Financial year end
30 September
Peppol
Reachable since 10-06-2025

Financial position

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts to 30-09-2025
Gross margin
€648,575
▲ 63.7%
Turnover
≈ €970,000
estimated
Profit
€158,717
Equity
€1.4m
▲ 12.8%
Total assets
€7.1m
▲ 6.8%
Staff
≈ 1.1 FTE
estimated
  • 2025 accounts filed 27 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.73, cash €10,655Last filed accounts filed 27 days late; 2 of the last 3 accounts latelowers riskSize: total assets €7.1mFounded in 1993Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 35% of small companies in office administrative support (NACE 82)
Financial strength · tick: 2024
Weak
Solvency 45+1
equity 19.7% of total assets
Liquidity 22-3
short-term debt 55.3% · cash 0.2%
Profitability 47+10
return on assets 2.2%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,120 companies, NACE 82, small)
Last 24 months 12-2024: 1.0% 01-2025: 0.9%▼ -0.1 percentage points vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 1.0%▲ +0.1 percentage points vs 02-2025 04-2025: 1.2%▲ +0.2 percentage points vs 03-2025 05-2025: 1.5%▲ +0.3 percentage points vs 04-2025 06-2025: 1.8%▲ +0.3 percentage points vs 05-2025highest value 07-2025: 0.9%▼ -0.9 percentage points vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.8%▼ -0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.9%▲ +0.1 percentage points vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 1.0%▲ +0.1 percentage points vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.4%▲ +0.3 percentage points vs 04-2026 06-2026: 0.4%▼ -1.0 percentage point vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.73 (0.7 in 2024), below 1. Short-term debt is 55.3% and cash 0.2% of total assets. 80.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 (NACE 82, small). It does better than 28% of them on solvency, 13% on liquidity, 34% on profitability and 67% on growth.

The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.73, cash €10,655
NBB · annual accounts
raises risk · Last filed accounts filed 27 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €7.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filings
Deviation from the deadline
2025
27 days late
2024
31 days late
2023
31 days late
2022
1 day late
2021
31 days late
2020
76 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 27 days after the deadline Filed on 27 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122620.

Annual accounts 2025 filed on 27-05-2026 PDF all 7 filings

Turnover
≈ €970,000
Estimated: probably between €800,000 and €1.4m
Total assets
€7.1m▲ 6.8%
2024 · €6.6m
Net result
€158,717
2024 · -€4,476
Working capital
-€1.0m▼ 5.7%
2024 · -€988,470
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€371,903
▲ 265% 2025
20192025
Net result
€158,717
2025
highest quarter of the sector
20192025
Equity
€1.4m
▲ 12.8% 2025
highest quarter of the sector
20192025
Total assets
€7.1m
▲ 6.8% 2025
highest quarter of the sector
20192025
Debt
€5.6m
▲ 5.6% 2025
20192025
Working capital
-€1.0m
▼ 5.7% 2025
lowest quarter of the sector
20192025
Solvency
19.7%
▲ 1.0pp 2025
middle half of the sector
20192025
Current ratio
0.73
▲ 0.03 2025
middle half of the sector
20192025
Return on assets (ROA)
2.2%
▲ 2.3pp 2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.3m▲ 92.0%€0.1m▼ 44.4%€0.5m▲ 235%€0.1m▼ 75.3%€0.1m▼ 16.1%€0.4m▲ 265%
Net result€0.09m-€0.2mabove the sector's middle half▲ 100%€0.09mabove the sector's middle half▼ 49.7%€0.4mabove the sector's middle half▲ 306%€0.06mabove the sector's middle half▼ 83.2%-€0.004mbelow the sector's middle half€0.2mabove the sector's middle half
Equity€0.6m-€0.7mabove the sector's middle half▲ 20.6%€0.8mabove the sector's middle half▲ 11.7%€1.2mabove the sector's middle half▲ 42.4%€1.2mabove the sector's middle half▲ 5.0%€1.2mabove the sector's middle half▼ 0.4%€1.4mabove the sector's middle half▲ 12.8%
Total assets€3.2m-€3.2mabove the sector's middle half▼ 2.8%€4.2mabove the sector's middle half▲ 32.4%€4.8mabove the sector's middle half▲ 14.8%€5.7mabove the sector's middle half▲ 18.3%€6.6mabove the sector's middle half▲ 16.7%€7.1mabove the sector's middle half▲ 6.8%
Debt€2.6m-€2.4m▼ 8.3%€3.4m▲ 38.8%€3.5m▲ 4.7%€4.3m▲ 23.8%€5.3m▲ 22.1%€5.6m▲ 5.6%
Working capital€0.3m-€0.3mabove the sector's middle half▼ 7.9%€0.2mabove the sector's middle half▼ 49.1%€0.07mwithin the sector's middle half▼ 55.4%-€0.5mbelow the sector's middle half-€1.0mbelow the sector's middle half▼ 87.3%-€1.0mbelow the sector's middle half▼ 5.7%
Solvency19.0%-23.5%within the sector's middle half▲ 4.6pp19.8%within the sector's middle half▼ 3.7pp24.6%within the sector's middle half▲ 4.8pp21.8%within the sector's middle half▼ 2.8pp18.6%within the sector's middle half▼ 3.2pp19.7%within the sector's middle half▲ 1.0pp
Current ratio1.48-1.45within the sector's middle half▼ 0.031.15within the sector's middle half▼ 0.291.05within the sector's middle half▼ 0.110.77below the sector's middle half▼ 0.280.70within the sector's middle half▼ 0.060.73within the sector's middle half▲ 0.03
Return on assets (ROA)2.6%-5.4%within the sector's middle half▲ 2.8pp2.1%within the sector's middle half▼ 3.4pp7.3%within the sector's middle half▲ 5.2pp1.0%within the sector's middle half▼ 6.3pp-0.1%below the sector's middle half▼ 1.1pp2.2%within the sector's middle half▲ 2.3pp
Staff (FTE)1-
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is nearly 3.7 times that of 2024. It is a recovery after the fall in 2024.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.1m
Fixed assets €4.2m ▼ 1.5%
Current assets €2.9m ▲ 21.9%
Equity and liabilities €7.1m
Equity €1.4m ▲ 12.8%
Provisions €87,456 ▼ 4.2%
Debt €5.6m ▲ 5.6%
Debt's share of the balance-sheet total falls from 80.0% to 79.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€502,631▲
2024 · €270,736
Cash flow
€289,445▲
2024 · €164,490
Debt to equity
4.02▼
2024 · 4.29
ROE
11.4%▲
2024 · -0.4%
Interest coverage
3.11▲
2024 · 2.19
Debt ≤ 1 year
€3.9m▲
2024 · €3.3m
Debt > 1 year
€1.6m▼
2024 · €1.9m
Income taxes
€73,457▲
2024 · €5,747
Staff costs
€63,526▲
2024 · €58,372
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-09-202130-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€1.1m€703,127€786,189€503,847€87,760
Financial fixed assets-€10,000---
Depreciation and write-downs of the year€203,190€170,331€187,502€168,965€130,727

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.6m€7.1m▲
Fixed assets21/28€4.3m€4.2m▼
Tangible fixed assets22/27€4.3m€4.2m▼
Land and buildings22€4.2m€4.2m▼
Plant, machinery and equipment23€0.03m€0.03m▼
Furniture and vehicles24€0.001m€0.001m▼
Financial fixed assets28€0.01m€0.01m=
Current assets29/58€2.4m€2.9m▲
Amounts receivable after more than one year29€0.5m€0.5m▼
Other amounts receivable291€0.5m€0.5m▼
Amounts receivable within one year40/41€1.8m€2.3m▲
Trade receivables40€0.3m€0.4m▲
Other amounts receivable41€1.4m€1.9m▲
Current investments50/53€494€494=
Cash at bank and in hand54/58€0.02m€0.01m▼
Deferred charges and accrued income490/1€0.03m€0.04m▲
Equity and liabilities
Total equity and liabilities10/49€6.6m€7.1m▲
Equity10/15€1.2m€1.4m▲
Contributions10/11€0.6m€0.6m=
Capital10-€0.6m
Issued capital100-€0.6m
Reserves13€0.5m€0.5m▼
Tax-exempt reserves132€0.3m€0.3m▼
Distributable reserves133€0.3m€0.3m=
Profit (loss) carried forward14€0.1m€0.3m▲
Provisions and deferred taxes16€0.09m€0.09m▼
Provisions for liabilities and charges160/5-€0.09m
Major repairs and maintenance162-€0.09m
Deferred taxes168€0.09m-
Amounts payable17/49€5.3m€5.6m▲
Amounts payable after more than one year17€1.9m€1.6m▼
Financial debts170/4€1.9m€1.6m▼
Amounts payable within one year42/48€3.3m€3.9m▲
Current portion of amounts payable after more than one year42€0.3m€0.3m▼
Financial debts43€1.8m€2.7m▲
Credit institutions430/8€1.8m€2.7m▲
Trade debts44€0.1m€0.1m▲
Suppliers440/4€0.1m€0.1m▲
Taxes, remuneration and social security45€0.1m€0.2m▲
Taxes450/3€0.1m€0.2m▲
Remuneration and social security454/9€0.02m€0.03m▲
Other amounts payable47/48€1.0m€0.6m▼
Accrued charges and deferred income492/3€0.1m€0.1m▲
Income statement Code20242025
Non-recurring operating income76A-€0.001m
Remuneration, social security and pensions62€0.06m€0.06m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.1m▼
Other operating charges640/8€0.07m€0.08m▲
Gross operating margin9900€0.4m€0.6m▲
Operating profit (loss)9901€0.1m€0.4m▲
Financial income75/76B€0.02m€0.02m▼
Recurring financial income75€0.02m€0.02m▼
Financial charges65/66B€0.1m€0.2m▲
Recurring financial charges65€0.1m€0.2m▲
Profit (loss) for the period before taxes9903-€0.003m€0.2m▲
Transfer from deferred taxes780€0.004m€0.004m=
Income taxes67/77€0.006m€0.07m▲
Profit (loss) for the period9904-€0.004m€0.2m▲
Transfer from tax-exempt reserves789€0.01m€0.01m=
Profit (loss) for the period to be appropriated9905€0.007m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.1m▲

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-05-2026.

Line2019202020212022202320242025Change
Non-recurring operating income76A------€1,224-
Remuneration, social security and pensions62--€48,860€53,714€54,923€58,372€63,526▲ 8.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€419,083€56,586€203,190€170,331€187,502€168,965€130,727▼ 22.6%
Other operating charges640/8--€57,653€61,025€62,890€67,012€82,418▲ 23.0%
Gross operating margin9900€646,958€407,081€456,405€776,608€426,594€396,121€648,575▲ 63.7%
Operating profit (loss)9901€137,431€263,838€146,701€491,537€121,279€101,771€371,903▲ 265%
Financial income75/76B--€25,096€23,284€21,569€19,517€17,969▼ 7.9%
Recurring financial income75€51,007€26,832€25,096€23,284€21,569€19,517€17,969▼ 7.9%
Financial charges65/66B--€40,514€45,392€66,089€123,825€161,505▲ 30.4%
Recurring financial charges65€87,159€49,936€40,514€45,392€66,089€123,825€161,505▲ 30.4%
Profit (loss) for the period before taxes9903€101,278€240,733€131,283€469,429€76,758-€2,537€228,367-
Transfer from deferred taxes780---€15,300€15,300€3,808€3,808=
Transfer to deferred taxes680---€125,672----
Income taxes67/77€15,255€68,664€44,731€7,571€32,961€5,747€73,457▲ 13×
Profit (loss) for the period9904€86,024€172,069€86,552€351,487€59,098-€4,476€158,717-
Transfer from tax-exempt reserves789---€45,899€45,899€11,425€11,425=
Transfer to tax-exempt reserves689---€377,015----
Profit (loss) for the period to be appropriated9905€86,024€172,069€86,552€20,371€104,997€6,949€170,142▲ 24×
Line2019202020212022202320242025Change
Assets
Total assets20/58€3.2m€3.2m€4.2m€4.8m€5.7m€6.6m€7.1m▲ 6.8%
Fixed assets21/28€2.3m€2.2m€3.1m€3.4m€3.9m€4.3m€4.2m▼ 1.5%
Tangible fixed assets22/27€2.3m€2.2m€3.1m€3.3m€3.9m€4.3m€4.2m▼ 1.5%
Land and buildings22--€3.1m€3.3m€3.9m€4.2m€4.2m▼ 1.3%
Plant, machinery and equipment23----€0.04m€0.03m€0.03m▼ 19.3%
Furniture and vehicles24----€0.001m€0.001m€0.001m▼ 32.8%
Financial fixed assets28---€0.01m€0.01m€0.01m€0.01m=
Current assets29/58€1.0m€1.0m€1.1m€1.4m€1.7m€2.4m€2.9m▲ 21.9%
Amounts receivable after more than one year29--€0.7m€0.7m€0.6m€0.5m€0.5m▼ 12.5%
Other amounts receivable291--€0.7m€0.7m€0.6m€0.5m€0.5m▼ 12.5%
Amounts receivable within one year40/41€0.06m€0.09m€0.4m€0.7m€1.1m€1.8m€2.3m▲ 33.5%
Trade receivables40--€0.3m€0.1m€0.07m€0.3m€0.4m▲ 26.3%
Other amounts receivable41--€0.06m€0.6m€1.0m€1.4m€1.9m▲ 35.3%
Current investments50/53€494€494€494€494€494€494€494=
Cash at bank and in hand54/58€0.07m€0.06m€0.02m€0.02m€0.02m€0.02m€0.01m▼ 36.3%
Deferred charges and accrued income490/1--€0.007m€0.007m€0.04m€0.03m€0.04m▲ 7.8%
Equity and liabilities
Total equity and liabilities10/49€3.2m€3.2m€4.2m€4.8m€5.7m€6.6m€7.1m▲ 6.8%
Equity10/15€0.6m€0.7m€0.8m€1.2m€1.2m€1.2m€1.4m▲ 12.8%
Contributions10/11€0.6m-€0.6m€0.6m€0.6m€0.6m€0.6m=
Capital10------€0.6m-
Issued capital100------€0.6m-
Contributions outside capital11--€0.6m-€0.6m---
Share premium1100/10--€8-€8---
Other1109/19--€0.6m-€0.6m---
Reserves13€0.04m€0.2m€0.3m€0.6m€0.6m€0.5m€0.5m▼ 2.1%
Tax-exempt reserves132---€0.3m€0.3m€0.3m€0.3m▼ 4.2%
Distributable reserves133--€0.3m€0.3m€0.3m€0.3m€0.3m=
Profit (loss) carried forward14€0.02m€0.02m€0.02m€0.03m€0.1m€0.1m€0.3m▲ 124%
Provisions and deferred taxes16---€0.1m€0.1m€0.09m€0.09m▼ 4.2%
Provisions for liabilities and charges160/5------€0.09m-
Major repairs and maintenance162------€0.09m-
Deferred taxes168---€0.1m€0.1m€0.09m--
Amounts payable17/49€2.6m€2.4m€3.4m€3.5m€4.3m€5.3m€5.6m▲ 5.6%
Amounts payable after more than one year17€1.9m€1.7m€2.4m€2.1m€2.0m€1.9m€1.6m▼ 16.1%
Financial debts170/4--€2.4m€2.1m€2.0m€1.9m€1.6m▼ 16.1%
Amounts payable within one year42/48€0.7m€0.7m€1.0m€1.4m€2.3m€3.3m€3.9m▲ 17.1%
Current portion of amounts payable after more than one year42--€0.3m€0.3m€0.3m€0.3m€0.3m▼ 1.0%
Financial debts43--€0.3m€0.5m€0.5m€1.8m€2.7m▲ 52.0%
Credit institutions430/8--€0.3m€0.5m€0.5m€1.8m€2.7m▲ 52.0%
Trade debts44€0.06m€0.06m€0.06m€0.09m€0.1m€0.1m€0.1m▲ 9.6%
Suppliers440/4--€0.06m€0.09m€0.1m€0.1m€0.1m▲ 9.6%
Taxes, remuneration and social security45--€0.1m€0.1m€0.1m€0.1m€0.2m▲ 53.2%
Taxes450/3--€0.1m€0.1m€0.1m€0.1m€0.2m▲ 57.7%
Remuneration and social security454/9--€0.008m€0.008m€0.01m€0.02m€0.03m▲ 27.9%
Other amounts payable47/48--€0.2m€0.4m€1.3m€1.0m€0.6m▼ 41.9%
Accrued charges and deferred income492/3--€0.009m€0.02m€0.03m€0.1m€0.1m▲ 23.8%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.09m€0.2m€0.09m€0.4m€0.06m-€0.004m€0.2m-
+ Depreciation and write-downs630€0.4m€0.06m€0.2m€0.2m€0.2m€0.2m€0.1m▼ 22.6%
Operating cash flow (approximation)€0.5m€0.2m€0.3m€0.5m€0.2m€0.2m€0.3m▲ 76.0%
Investment in fixed assets (approximation)-€0-€1.1m-€0.5m-€0.8m-€0.5m-€0.07m▲ 86.6%
Change in cash--€0.01m-€0.04m€0.005m-€0.005m-€0.003m-€0.006m▼ 104%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 733 companies had the same profile as Multi has now. Two years later, 97.3% were still going and 1.0% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
97.3% was still going
1.4% stopped otherwise
1.0% went bankrupt

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Multi itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 733 companies, not a prediction for Multi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (7)
Financial year Type Filed Reference Document
30-09-2025 abbreviated format 27-05-2026 2026-00122620 PDF
30-09-2024 abbreviated format 31-05-2025 2025-00112236 PDF
30-09-2023 micro format 31-05-2024 2024-00112813 PDF
30-09-2022 micro format 01-05-2023 2023-00081803 PDF
30-09-2021 micro format 31-05-2022 2022-20039614 PDF
30-09-2020 micro format 15-07-2021 2021-35800153 PDF
30-09-2019 micro format 31-05-2020 2020-14900555 PDF

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 30-04-2027
2026
27-05
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 27 days late
2025
30-09
Financial Back to profitnet €158,717
The net result is €158,717, after one loss-making year.
31-05
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 31 days late
2024
30-09
Financial Weakest financial yearnet -€4,476
The net result drops to -€4,476, the lowest from 2019 to 2025. It recovers the following year.
31-05
NBB filing Annual accounts 2023 filedPDF
micro format · 31 days late
23-05
Gazette deed Registered office moved from Aalst to Sint-Agantha-Bergem
New seat: Technologiestraat 11B te 1082 Sint-Agantha-Bergem · Previous seat: Beekstraat 11 te 9300 Aalst2 points ▸
  • General meeting, 01-04-2024
  • Registered-office move, Technologiestraat 11B te 1082 Sint-Agantha-Bergem

Open the act in the Belgian Official Gazette

2023
01-05
NBB filing Annual accounts 2022 filedPDF
micro format · 1 day late
2022
30-09
Financial Highest result from 2019 to 2025net €351,487 ▲306%
The operating result of €491,537 and the net result of €351,487 are both a record.
30-09
Financial Equity above €1mequity €1.2m ▲42.4%
With a profit in every financial year since 2019, equity grows to €1.2m.
31-05
NBB filing Annual accounts 2021 filedPDF
micro format · 31 days late
2021
15-07
NBB filing Annual accounts 2020 filedPDF
micro format · 76 days late
2020
31-05
NBB filing Annual accounts 2019 filedPDF
micro format · 31 days late
1994
08-01
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 7 December 1993, Multi was incorporated.1 In 2024 the registered office moved to Sint-Agantha-Bergem.2 Total assets went from €3.2m in 2019 to €7.1m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-05-2024
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name Multi in Dutch
Enterprise number 0451.291.015
Legal form Private limited company
Status Active, normale toestand
Founded 07-12-1993
Entity type Legal entity

Registered office and establishments

Registered office Technologiestraat 11B, 1082 Sint-Agatha-Berchem, Belgium
1 former office
  • Beekstraat 11, 9300 Aalst until 01-04-2024 · act of 23-05-2024
Establishment unit Beekstraat 14, 9300 Aalst since 27-12-1993 · unit number 2.064.843.750

Activities

NACEBEL 2025
VAT activities
82990 Other business support services main activity
68201 Renting and operating of own or leased residential real estate, excluding social housing
68203 Renting and operating of own or leased non-residential real estate, excluding land
Social security (RSZ) activities
68321 Property management for co-owned buildings (syndics) main activity
Codes under NACEBEL 2008
VAT activities
82990 Other business support services main activity
Social security (RSZ) activities
68321 Real estate activities main activity

Invoicing and payment

VAT number BE 0451.291.015
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0451291015
Other Peppol ID 9925:BE0451291015
Registered 10-06-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the addresses

Ground area
4,982 m²
Building footprint
1,837 m²
Building volume
12,738 m³
Tallest building: 13.0 m.
Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
41304F0069/00E000 Flanders 3,543 m² 1 · 379 m² 10.1 m · 2
21003A0335/00V003 Brussels 1,438 m² 1 · 1,458 m² 13.0 m · 2