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Generated 03-08-2026
Active BE 0761.875.414Private limited company

MULTI AIR SERVICES

Thier Saint Léonard 9 ·4400 Flémalle, Belgium· 5 yrs active
Sector: Specialised construction (43120)
Conclusion Checked

The computed 12-month bankruptcy probability of MULTI AIR SERVICES is 2.6% (moderate). The 2024 annual accounts show equity of €29k and a net result of €10k. Equity is growing by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 11078 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €29k
Net result €10k
Better than sector 11%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health57Profitability100Solvency14Growth78Stability94
69 / 100

Strong profile, led by profitability.

Health 57
Profitability 100
Solvency 14
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.6% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
57 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2021: €3k€3kNet result 2021: €2k€2kOperating result 2022: €13k€13kNet result 2022: €9k€9kOperating result 2023: €54k€54kNet result 2023: €52k€52kOperating result 2024: €15k€15kNet result 2024: €10k€10k2021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~40.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€20k€40k€60k2025: €39k (€36k - €41k)2026: €47k (€45k - €50k)2027: €56k (€53k - €58k)2021: €4k2022: €13k2023: €65k2024: €29k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 3.4% 40.9%
better than 11% of 11078 sector peers
Net result €10k €11k
better than 47% of 11060 sector peers
Equity €29k €34k
better than 45% of 11081 sector peers
Gross operating margin €2.36M €35k
better than 95% of 11051 sector peers
Staff costs €2.35M €24k
higher than 95% of 4034 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€10k
-81.0% far above sector median
Total assets
€854k
+35.0% far above sector median
Equity
€29k
-55.4% -37% vs sector
Working capital
€29k
-55.4% -45% vs sector
Staff costs
€2.35M
+67.5% far above sector median
Income taxes
€4k
+4.9% +35% vs sector
Debt
€825k
+45.4% far above sector median
Debt ≤ 1y
€825k
+45.4% far above sector median
Current ratio
1.04
-7.1% -39% vs sector
Quick ratio
1.04
-7.1% -39% vs sector
Solvency
3.4%
-67.0% -91% vs sector
Debt / equity
28.42
+226.3% far above sector median
ROE
34.1%
-57.3% far above sector median
ROA
1.2%
-85.9% -18% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€10k
Cash flow-
Staff costs€2.35M
Income taxes€4k
Dividends-
Total assets€854k
Equity€29k
Debt€825k
of which ≤ 1y€825k
of which > 1y-
Working capital€29k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.04
Quick ratio1.04
Working capital ratio3.4%
Solvency3.4%
Debt / equity28.42
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA1.2%
ROE34.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€854k
Current assets 29/58€854k
Amounts receivable within one year 40/41€828k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€854k
Equity 10/15€29k
Contributions / capital 10/11€2k
Reserves 13€9k
Accumulated profits (losses) 14€18k
Amounts payable 17/49€825k
Amounts payable within one year 42/48€825k
Trade debts payable within one year 44€314k
Income statement
Gross operating margin 9900€2.36M
Operating result 9901€15k
Financial charges 65€1k
Result before taxes 9903€14k
Income taxes 67/77€4k
Net result for the period 9904€10k
Result to be appropriated 9905€10k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43120)
Legal form Private limited company(610)
Incorporation21-01-2021
StatusActive
Postal code4400
Establishment units 1 location
MULTI AIR SERVICES
Rue Saint-Exupéry 32, 4460 Grâce-HollogneReparatie en onderhoud van andere apparatuur
since 20212.324.346.266
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62016B0333/00A000 Wallonia 3.0 ha 1 · 6,299 m² 16.4 m · 5 fl.
Methodology
via establishment units: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-12-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
17-03-2025
State Gazette act Director changes
06-01-2025
State Gazette act Director changes
2024
31-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
08-11-2023
State Gazette act Director changes
30-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
19-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 1 year ago
2025
17-03-2025 Labdi Nouh Abdelkrim resigns as managing director Director changes
  • Labdi Nouh Abdelkrim, Gedelegeerd bestuurder
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  "act_meta": {
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      "date": "2025-02-28",
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06-01-2025 Discharge granted to the board Director changes
Technical details 
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2023
08-11-2023 2 directors appointed, 2 resigning Director changes
  • Michel MOUTSCHEN, Bestuurder
  • Michel MOUTSCHEN, Dagelijks bestuur
  • Reda KEZZOU, Bestuurder
  • Reda KEZZOU, Dagelijks bestuur
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Diensten in verband met de luchtvaart52230Diensten in verband met de luchtvaart52230Logistieke diensten52250Groothandel in auto's en lichte bestelwagens (= 3,5 ton)45111Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Diensten in verband met de luchtvaart52230Diensten in verband met de luchtvaart52230Overige vrachtbehandeling, exclusief in zeehavens52249Overige vrachtbehandeling, exclusief in zeehavens52249Logistieke diensten52250Overige vervoerondersteunende activiteiten52290Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210
Primary activity highlighted.
Names & trade names
Legal nameFR MULTI AIR SERVICES
Registered office
Thier Saint Léonard 9
4400 Flémalle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative