MULTI CONSTRUCTS
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Commercial Court of Liège, Neufchâteau division
- Declared bankrupt
- 16 March 2018
- Official Gazette
- 22-03-2018 (pdf) ↗search the document for 2018/112596
Deadlines
- Appeal or third-party opposition until
- passed on 6 April 2018Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 15 April 2018art. XX.104 and XX.155 CEL
- First verification report
- passed on 11 May 2018Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 16 March 2019Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mottet Jean CharlesPlace Du Fays 12, 6870 Saint-Hubert
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 28-09-2017, 59 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 · 9 filingsDeviation from the deadline
2016
59 d late
2015
32 d early
2014
31 d early
2013
76 d early
2012
132 d early
2011
3 d late
2010
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2016, full schema
Turnover
€1.4m▼ 40.8%
2015 · €2.4m
EBIT margin
-25.0%▼ 26.8pp
2015 · 1.8%
Net result
-€387,477
2015 · €8,190
Working capital
-€104,959
2015 · €425,505
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€2.0m-€2.2m€2.4m▲ 6.9%€1.4m▼ 40.8%
Operating result€168,338-€4,723▼ 97.2%€27,921▲ 491%€42,815▲ 53.3%-€351,745
Net result€122,658-€3,146▼ 97.4%€2,970▼ 5.6%€8,190▲ 176%-€387,477
EBIT margin8.3%-1.3%1.8%▲ 0.5pp-25.0%▼ 26.8pp
Equity€529,074-€472,220▼ 10.7%€475,190▲ 0.6%€483,380▲ 1.7%€95,903▼ 80.2%
Total assets€1.3m-€1.8m▲ 39.7%€2.3m▲ 28.0%€2.4m▲ 2.6%€2.1m▼ 9.9%
Debt€687,934-€1.2m▲ 79.3%€1.7m▲ 40.8%€1.8m▲ 5.4%€2.0m▲ 9.4%
Working capital€617,312-€533,118▼ 13.6%€839,553▲ 57.5%€425,505▼ 49.3%-€104,959
Staff (FTE)12.5-18.3▲ 46.4%20.4▲ 11.5%20.5▲ 0.5%20.3▼ 1.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2016: a loss of €351,745 after €42,815 in 2015, the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €2.1m
Fixed assets
€603,734 ▼ 9.2%
Current assets
€1.5m ▼ 10.2%
Equity and liabilities €2.1m
Equity
€95,903 ▼ 80.2%
Provisions
€40,000 ▼ 33.3%
Debt
€2.0m ▲ 9.4%
Debt's share of the balance-sheet total rises from 77.1% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€196,007▼
2015 · €215,584
Cash flow
-€231,739▼
2015 · €180,959
Current ratio
0.94▼
2015 · 1.33
Quick ratio
0.31▼
2015 · 0.68
Debt to equity
3.64▲
2015 · 0.85
ROE
-404.0%▼
2015 · 1.7%
ROA
-18.1%▼
2015 · 0.3%
Debt ≤ 1 year
€1.6m▲
2015 · €1.3m
Debt > 1 year
€349,469▼
2015 · €411,749
Income taxes
€72▼
2015 · €4,219
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.0m | - | €2.2m | €2.4m | €1.4m | ▼ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,209 | €156,978 | €144,150 | €172,769 | €155,738 | ▼ 9.9% |
| Gross operating margin9900 | €656,917 | €816,321 | €869,498 | €862,471 | €453,173 | ▼ 47.5% |
| Operating profit (loss)9901 | €168,338 | €4,723 | €27,921 | €42,815 | -€351,745 | ▼ 922% |
| Recurring financial income75 | €13,161 | €14,846 | €9,181 | €4,800 | €643 | ▼ 86.6% |
| Recurring financial charges65 | €14,877 | €17,514 | €22,580 | €36,111 | €36,303 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €176,115 | €10,333 | €9,082 | €12,409 | -€387,405 | ▼ 3,222% |
| Income taxes67/77 | €53,457 | €7,187 | €6,112 | €4,219 | €72 | ▼ 98.3% |
| Profit (loss) for the period9904 | €122,658 | €3,146 | €2,970 | €8,190 | -€387,477 | ▼ 4,831% |
| Profit (loss) for the period to be appropriated9905 | €122,658 | €3,146 | €2,970 | €8,190 | -€387,477 | ▼ 4,831% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.8m | €2.3m | €2.4m | €2.1m | ▼ 9.9% |
| Fixed assets21/28 | €362,039 | €586,637 | €725,918 | €664,566 | €603,734 | ▼ 9.2% |
| Intangible fixed assets21 | €11,055 | €14,087 | €6,086 | €3,888 | €2,864 | ▼ 26.3% |
| Tangible fixed assets22/27 | €350,984 | €572,550 | €719,832 | €660,678 | €600,870 | ▼ 9.1% |
| Current assets29/58 | €931,196 | €1.2m | €1.6m | €1.7m | €1.5m | ▼ 10.2% |
| Stocks and contracts in progress3 | €62,433 | €337,481 | €285,435 | €832,997 | €1.0m | ▲ 24.2% |
| Amounts receivable within one year40/41 | €718,294 | €650,961 | €841,111 | €699,053 | €425,363 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €62,067 | €151,398 | €354,985 | €84,453 | €29,221 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €2.3m | €2.4m | €2.1m | ▼ 9.9% |
| Equity10/15 | €529,074 | €472,220 | €475,190 | €483,380 | €95,903 | ▼ 80.2% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €7,200 | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Profit (loss) carried forward14 | €416,874 | €420,020 | €422,990 | €431,180 | €43,703 | ▼ 89.9% |
| Provisions and deferred taxes16 | €76,227 | €101,227 | €101,227 | €60,000 | €40,000 | ▼ 33.3% |
| Amounts payable17/49 | €687,934 | €1.2m | €1.7m | €1.8m | €2.0m | ▲ 9.4% |
| Amounts payable after more than one year17 | €275,964 | €447,051 | €496,343 | €411,749 | €349,469 | ▼ 15.1% |
| Amounts payable within one year42/48 | €313,884 | €687,476 | €748,235 | €1.3m | €1.6m | ▲ 27.8% |
| Trade debts44 | €72,527 | €194,151 | €204,285 | €172,076 | €300,217 | ▲ 74.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,658 | €3,146 | €2,970 | €8,190 | -€387,477 | ▼ 4,831% |
| + Depreciation and write-downs630 | €79,209 | €156,978 | €144,150 | €172,769 | €155,738 | ▼ 9.9% |
| Operating cash flow (approximation) | €201,867 | €160,124 | €147,120 | €180,959 | -€231,739 | ▼ 228% |
| Investment in fixed assets (approximation) | - | -€381,576 | -€283,431 | -€111,417 | -€94,906 | ▲ 14.8% |
| Change in cash | - | €89,331 | €203,587 | -€270,532 | -€55,232 | ▲ 79.6% |
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
2018
22-03
Bankruptcy
Opening
Tribunal de commerce de Liège, division Neufchâteau · event 16-03-2018
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
31-12
Financial
Weakest financial yearnet -€387,477
Net result drops to -€387,477, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
16-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
21-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
03-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 3 days late
2011
22-09
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 53 days late
2010
09-12
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 131 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 264 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Léglise · 1 establishment unit since 2007
Ground area
379 m²
Building footprint
204 m²
Volume, LiDAR
1,440 m³
Parcel 84033D0072/00L000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Multi Constructs
since 20072.162.001.128
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84033D0072/00L000 | Wallonia | 379 m² | 1 · 204 m² | 8.5 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MOTTET JEAN CHARLES Place Du Fays 12, 6870 Saint-Hubert |
16-03-2018 → present |
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded05-02-2007
Fiscal year end31-12
Contact
E-mail
info@multiconstructs.be
Phone
063 677 863
Fax
063 23 56 64
Phone
0497433138Léglise
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.