Equity
€357,629 ▲ 0.4%
MULTI - BUILD has made a profit without a break since 2017.
MULTI - BUILD
Lifetime
18 annual accounts with figures on one time axis, 31 filings since 1993peak €362,519 (2025)
€362,519▲ 35.4%
lowest -€294,970 (2009)
€1,528▲ 74.6%
peak €357,629 (2025)
€357,629▲ 0.4%
€5.0m▲ 35.5%
peak 6.8 FTE (2007)
-not published
Board1 name since 2022
1 directorIbn Hach Said
Documentsfilings and deeds
27-11-202527 days late
2025micro format
Gross margin from €267,751 to €362,519Result from €875 to €1,528Debts from €3.7m to €5.0mCash from €702,206 to €328,263
Key points
from the 2025 annual accountsDebts
€5.0m 93% of the balance sheet
Financial debts 2%Suppliers 1%Taxes and wages 1%Other 97%
Staff
7 employees on 31-03-2025
In 2025, 5 people joined and 4 left.
Liquidity
1.07 was 2.43 in 2024
Short-term debts rose from €1.7m to €5.0m.
Filings
31 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
6.7%
Lower solvency than 87% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
66
Healthy
Financially stronger than 13% of small companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%▲ +0.1 percentage points vs 10-2025
12-2025: 0.3%▼ -0.1 percentage points vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.7%▲ +0.3 percentage points vs 09-2026
11-2026: 0.8%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Equity €357,629 (6.7% of total assets)
Sector: Specialised construction activities (NACE 43)
Figures for financial year 2025 (filed on 27-11-2025)
lowers risk
Size: total assets €5.3m
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 43, small). It does better than 7% of them on solvency, 3% on liquidity, 11% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as MULTI - BUILD has now. Each dot stands for 3 companies, two years later.
96.8%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MULTI - BUILD itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 1,083 companies, not a prediction for MULTI - BUILD. 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.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (2.43 in 2024), below the usual 1.5. Short-term debt is 93.3% and cash 6.2% of total assets. 93.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 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 · 10 filingsDeviation from the deadline
2026
not filed
2025
27 days late
2024
27 days late
2023
29 days late
2022
25 days late
2021
27 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448631136
First establishment
MULTI-BUILD, d'Aumalestraat 80, Anderlecht
Incorporation
published on 02-12-1992 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MULTI - BUILD Anderlecht | €5.3m | €362,519 | 6.7% | - |
| LUDISO Bilzen-Hoeselt | €4.9m | €523,967 | 52.2% | 6.6 |
| CESAR Genappe | €8.2m | €333,720 | 8.4% | 1 |
| Genk Recycling Genk | €3.5m | €527,865 | 56.1% | 1.2 |
| VDI MULTI SERVICES Lokeren | €3.5m | €786,534 | 63.1% | - |
| ISOTECH Heist-op-den-Berg | €3.5m | €705,735 | 11.5% | 4 |
| BIOCOTECH Maldegem | €4.0m | €440,715 | 34.7% | 0 |
These companies have the same main activity as MULTI - BUILD: insulation installation (NACE 43230). They are comparable in size and age: total assets between €3.5m and €8.2m, founded between 1990 and 2006.
Official details
Source: KBO- Status
- Active since 30-10-1992Normal situation
- Activity
- Insulation installationNACE 43230and 1 other
- Joint committee
- 124Construction · annual accounts 31-03-2025
- Establishment unit
- 2.060.489.3411070 Anderlecht, since 25-01-1993
- Financial year end
- 31 March
- Peppol
- Reachable since 15-12-2025
Annual accounts to 31-03-2025
- ≈ €900,000estimated
- €5.3m▲ 32.4%
- Employeeson 31-03-2025
- 7▲ 16.7%
- Filing
- Filed on 27-11-2025
Insights on MULTI - BUILD
MULTI - BUILD files the micro format. That format states no turnover. The gross margin rose from €82,843 in 2007 to €362,519 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MULTI - BUILD
- What is the company number of MULTI - BUILD?
- The company number of MULTI - BUILD is 0448.631.136. The VAT number is the same number with BE in front: BE 0448.631.136.
- Where is MULTI - BUILD based?
- The registered office is at d'Aumalestraat 80, 1070 Anderlecht.Company details
- What does MULTI - BUILD do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of MULTI - BUILD?
- MULTI - BUILD is a private limited company (pre-2019) (BVBA).
- When was MULTI - BUILD founded?
- MULTI - BUILD was founded on 30-10-1992.
- Is MULTI - BUILD still active?
- Yes, MULTI - BUILD is an active enterprise in the KBO register.
- How many employees does MULTI - BUILD have?
- MULTI - BUILD had an average of 6.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MULTI - BUILD fall under?
- In its 31-03-2025 annual accounts, MULTI - BUILD states joint committee 124 (Construction).
- What is the turnover of MULTI - BUILD?
- The turnover in financial year 2025 is ≈ €900,000. This figure is estimated from the gross margin of €362,519 and 32 comparable companies (NACE 432). It probably lies between €690,000 and €1.2m.
- Is MULTI - BUILD profitable?
- In financial year 2025, MULTI - BUILD made a profit of €1,528.
- Where can I find the annual accounts of MULTI - BUILD?
- MULTI - BUILD filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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