MULTI AIR SERVICES
ActiveThe computed 12-month bankruptcy probability of MULTI AIR SERVICES is 2.2% (moderate). The 2025 annual accounts show equity of €29k and a net result of €10k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40=
Solvency28=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.04 in 2024; short-term debt: 96.6% and cash: 0.5% of total assets), and 96.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
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
3.4%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 10%
← 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 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
140 d late
2023
31 d late
2022
91 d late
2021
19 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k=
2024 · €10k
2021: €2k
2022: €9k
2023: €52k
2024: €10k
2021 → 2025
Working capital
€29k=
2024 · €29k
2021: €4k
2022: €13k
2023: €65k
2024: €29k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€13k▲ 210%€65k▲ 397%€29k▼ 55.4%€29k=
Operating result€3k-€13k▲ 351%€54k▲ 329%€15k▼ 73.1%€15k=
Net result€2k-€9k▲ 300%€52k▲ 486%€10k▼ 81.0%€10k=
Result per fiscal year
Operating resultNet result
The operating result stays at €15k in 2025, level with 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €854k
Equity
€29k=
Debt
€825k=
The debt ratio stays at 96.6%.
Key figures and ratios
Solvency
3.4%=
2024 · 3.4%
Current ratio
1.04=
2024 · 1.04
Quick ratio
1.04=
2024 · 1.04
Debt / equity
28.42=
2024 · 28.42
ROE
34.1%=
2024 · 34.1%
ROA
1.2%=
2024 · 1.2%
Debt
€825k=
2024 · €825k
Debt ≤ 1 year
€825k=
2024 · €825k
Income taxes
€4k=
2024 · €4k
Staff costs
€2.35M=
2024 · €2.35M
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€854k€854k=
Current assets29/58€854k€854k=
Amounts receivable within one year40/41€828k€828k=
Trade receivables40€817k€817k=
Other amounts receivable41€12k€12k=
Cash at bank and in hand54/58€5k€5k=
Deferred charges and accrued income490/1€21k€21k=
Equity and liabilities
Total equity and liabilities10/49€854k€854k=
Equity10/15€29k€29k=
Contributions10/11€2k€2k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€18k€18k=
Amounts payable17/49€825k€825k=
Amounts payable within one year42/48€825k€825k=
Trade debts44€314k€314k=
Suppliers440/4€314k€314k=
Taxes, remuneration and social security45€496k€496k=
Taxes450/3€87k€87k=
Remuneration and social security454/9€409k€409k=
Other amounts payable47/48€15k€15k=
Income statement
Code20242025
Remuneration, social security and pensions62€2.35M€2.35M=
Other operating charges640/8€854€854=
Gross operating margin9900€2.36M€2.36M=
Operating profit (loss)9901€15k€15k=
Financial charges65/66B€1k€1k=
Recurring financial charges65€1k€1k=
Profit (loss) for the period before taxes9903€14k€14k=
Income taxes67/77€4k€4k=
Profit (loss) for the period9904€10k€10k=
Profit (loss) for the period to be appropriated9905€10k€10k=
Appropriation of the result
Profit (loss) to be appropriated9906€18k€18k=
Profit (loss) brought forward from the previous period14P€8k€8k=
The notes to these accounts (1 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2021net €52k ▲486%
Operating result €54k, net result €52k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Flémalle · 1 establishment unit since 2021
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.
Thier Saint Léonard 94400 FlémalleGround area
3.3 ha
Building footprint
6,405 m²
Volume, LiDAR
89,849 m³
2 parcels, Wallonia · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MULTI AIR SERVICES
since 20212.324.346.266
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016B0333/00A000 | Wallonia | 3.0 ha | 1 · 6,299 m² | 16.4 m · 5 fl. |
| 62072A0673/00X002 | Wallonia | 2,943 m² | 1 · 106 m² | - |
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
ATB TECHNICS
BE 0691.822.905
Zele · Eq €29k
K.S. SOLUTIONS
BE 1002.069.287
Lokeren · Eq €29k
DAC CONSTRUCT
BE 0831.991.071
Pajottegem · Eq €29k
Mega Construct
BE 0695.820.491
Evergem · Eq €29k
Stefania
BE 0790.485.464
Anderlecht · Eq €29k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,203 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2021
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
52230Warehousing and support activities for transportation
52250Logistics services
46711Wholesale of cars and light vans (up to 3.5 tonnes)
52249Warehousing and support activities for transportation
52290Warehousing and support activities for transportation
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.