MULTI-COMMUNICATION
ActiveSummary
MULTI-COMMUNICATION has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€321,204) and a net result of -€4,013. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€321,204
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 10 filingsDeviation from the deadline
2025
22 d late
2024
106 d late
2023
61 d early
2022
54 d late
2021
2 d late
2020
192 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€321,204▼ 1.3%
2024 · -€317,191
Total assets
€4,751▲ 130%
2024 · €2,062
Net result
-€4,013▲ 53.3%
2024 · -€8,602
Working capital
-€322,704▼ 1.3%
2024 · -€318,691
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,823▼ 188%-€12,816▲ 13.5%-€9,957▲ 22.3%-€7,908▲ 20.6%-€3,134▲ 60.4%
Net result-€15,142below the sector's middle half▼ 178%-€13,264below the sector's middle half▲ 12.4%-€10,562below the sector's middle half▲ 20.4%-€8,602below the sector's middle half▲ 18.6%-€4,013below the sector's middle half▲ 53.3%
Equity-€284,763below the sector's middle half▼ 5.6%-€298,027below the sector's middle half▼ 4.7%-€308,589below the sector's middle half▼ 3.5%-€317,191below the sector's middle half▼ 2.8%-€321,204below the sector's middle half▼ 1.3%
Total assets€4,345below the sector's middle half▼ 60.0%€4,774below the sector's middle half▲ 9.9%€2,554below the sector's middle half▼ 46.5%€2,062below the sector's middle half▼ 19.3%€4,751below the sector's middle half▲ 130%
Debt€289,108▲ 3.1%€302,801▲ 4.7%€311,143▲ 2.8%€319,253▲ 2.6%€325,955▲ 2.1%
Working capital-€288,444▼ 3.7%-€300,587▼ 4.2%-€310,619▼ 3.3%-€318,691▼ 2.6%-€322,704▼ 1.3%
Solvency
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,134 in 2025 against €7,908 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,751
Fixed assets
€1,500 =
Current assets
€3,251 ▲ 478%
Key figures and ratios
Debt ≤ 1 year
€325,955▲
2024 · €319,253
Ratios withheld: a balance sheet total of €4,751 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €8,588 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,743 | €1,121 | €530 | €530 | - | - |
| Other operating charges640/8 | €1,120 | €659 | €839 | €836 | €760 | ▼ 9.0% |
| Gross operating margin9900 | -€8,960 | -€11,036 | -€8,588 | -€6,542 | -€2,374 | ▲ 63.7% |
| Operating profit (loss)9901 | -€14,823 | -€12,816 | -€9,957 | -€7,908 | -€3,134 | ▲ 60.4% |
| Financial charges65/66B | €319 | €448 | €605 | €694 | €879 | ▲ 26.6% |
| Recurring financial charges65 | €319 | €448 | €605 | €694 | €879 | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | -€15,142 | -€13,264 | -€10,562 | -€8,602 | -€4,013 | ▲ 53.3% |
| Profit (loss) for the period9904 | -€15,142 | -€13,264 | -€10,562 | -€8,602 | -€4,013 | ▲ 53.3% |
| Profit (loss) for the period to be appropriated9905 | -€15,142 | -€13,264 | -€10,562 | -€8,602 | -€4,013 | ▲ 53.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,345 | €4,774 | €2,554 | €2,062 | €4,751 | ▲ 130% |
| Fixed assets21/28 | €3,681 | €2,560 | €2,030 | €1,500 | €1,500 | = |
| Intangible fixed assets21 | €591 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,590 | €1,060 | €530 | - | - | - |
| Furniture and vehicles24 | €1,590 | €1,060 | €530 | - | - | - |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €664 | €2,214 | €524 | €562 | €3,251 | ▲ 478% |
| Amounts receivable within one year40/41 | €351 | €1,555 | €462 | €562 | €3,000 | ▲ 434% |
| Trade receivables40 | - | - | €379 | - | €3,000 | - |
| Other amounts receivable41 | €351 | €1,555 | €84 | €562 | - | - |
| Cash at bank and in hand54/58 | €15 | €1 | - | - | - | - |
| Deferred charges and accrued income490/1 | €298 | €659 | €62 | - | €251 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,345 | €4,774 | €2,554 | €2,062 | €4,751 | ▲ 130% |
| Equity10/15 | -€284,763 | -€298,027 | -€308,589 | -€317,191 | -€321,204 | ▼ 1.3% |
| Contributions10/11 | €18,625 | €18,625 | €18,625 | €18,625 | €18,625 | = |
| Capital10 | €18,625 | €18,625 | - | - | - | - |
| Issued capital100 | €18,625 | €18,625 | - | - | - | - |
| Reserves13 | €54,822 | €54,822 | €54,822 | €54,822 | €54,822 | = |
| Non-distributable reserves130/1 | €1,322 | €1,322 | €1,322 | - | - | - |
| Legal reserve130 | €1,322 | €1,322 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,322 | - | - | - |
| Distributable reserves133 | €53,500 | €53,500 | €53,500 | €54,822 | €54,822 | = |
| Profit (loss) carried forward14 | -€358,210 | -€371,474 | -€382,036 | -€390,638 | -€394,651 | ▼ 1.0% |
| Amounts payable17/49 | €289,108 | €302,801 | €311,143 | €319,253 | €325,955 | ▲ 2.1% |
| Amounts payable within one year42/48 | €289,108 | €302,801 | €311,143 | €319,253 | €325,955 | ▲ 2.1% |
| Financial debts43 | €491 | €3,745 | €4,190 | €4,291 | €4,982 | ▲ 16.1% |
| Credit institutions430/8 | €491 | €3,745 | €4,190 | €4,291 | €4,982 | ▲ 16.1% |
| Trade debts44 | €1,050 | €2,761 | €256 | - | €205 | - |
| Suppliers440/4 | €1,050 | €2,761 | €256 | - | €205 | - |
| Other amounts payable47/48 | €287,567 | €296,295 | €306,697 | €314,962 | €320,768 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,142 | -€13,264 | -€10,562 | -€8,602 | -€4,013 | ▲ 53.3% |
| + Depreciation and write-downs630 | €4,743 | €1,121 | €530 | €530 | - | - |
| Operating cash flow (approximation) | -€10,399 | -€12,143 | -€10,032 | -€8,072 | -€4,013 | ▲ 50.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€14 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 106 days late
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 192 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 218 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Vorst · 1 establishment unit since 1992
Ground area
300 m²
Building footprint
247 m²
Volume, LiDAR
5,463 m³
Parcel 21383B0049/00F013, Brussels · tallest building 28.0 m, ±8 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Jupiterlaan 155, 1190 Vorst
since 19922.037.358.009
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0049/00F013 | Brussels | 300 m² | 1 · 247 m² | 28.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
ACTIVE IMAGE
BE 0459.292.624
Vorst
ADAGES
BE 0474.701.172
Vorst
ADMIN PRO SOLUTIONS
BE 0807.387.814
Vorst
AMPP - SYMBIOSE COMMUNICATION
BE 0436.169.606
Vorst
ATELIER FEVRIER
BE 0431.039.888
Vorst
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded14-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
82300Organisation of conventions and trade shows
Contact
E-mail
eric@multi-communication.com
Phone
026484378
Phone
0495499980
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433941574
Also
9925:BE0433941574
Registered
09-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.