Multi Corporation

Active

Private limited companyfounded 20197 yrs activeSterckshoflei 28, 2100 Antwerpen, BelgiumKBO/BCE: BE 0727.927.986

The computed 12-month bankruptcy probability of Multi Corporation is 1.9% (moderate). The 2024 annual accounts show equity of €475k and a net result of €331k. Equity is growing by ~82.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 5895 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

65 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency72▲+2

Growth78=

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 1.77 against 1.56 in 2023; short-term debt: 53.2% and cash: 10.1% of total assets), but 53.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

46.8%

Return on assets

32.6%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

51 d early

2023

13 d late

2022

73 d late

2021

61 d late

2020

26 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€475k▲ 230%

2023 · €144k

2020: €43k 2021: €43k 2022: €138k 2023: €144k

2020 → 2024

Total assets

€1.02M▲ 214%

2023 · €324k

2020: €81k 2021: €255k 2022: €413k 2023: €324k

2020 → 2024

Net result

€331k▲ 277%

2023 · €88k

2020: €43k 2021: €3k 2022: €95k 2023: €88k

2020 → 2024

Working capital

€416k▲ 353%

2023 · €92k

2020: €28k 2021: €6k 2022: €74k 2023: €92k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€43k-€43k▼ 0.1%€138k▲ 221%€144k▲ 4.2%€475k▲ 230%

Operating result€53k-€6k▼ 88.2%€123k▲ 1,852%€132k▲ 7.9%€449k▲ 240%

Net result€43k-€3k▼ 92.8%€95k▲ 2,987%€88k▼ 7.8%€331k▲ 277%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 240% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.02M

94.1%

Fixed assets €60k▼ 13.1%

Current assets €957k▲ 276%

Equity and liabilities €1.02M

46.8%

53.2%

Equity €475k▲ 230%

Debt €542k▲ 202%

The debt ratio falls from 55.5% to 53.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€474k▲

2023 · €165k

Cash flow

€357k▲

2023 · €121k

Solvency

46.8%▲

2023 · 44.5%

Current ratio

1.77▲

2023 · 1.56

Quick ratio

1.77▲

2023 · 1.56

Debt / equity

1.14▼

2023 · 1.25

ROE

69.7%▲

2023 · 61.0%

ROA

32.6%▲

2023 · 27.1%

Interest coverage

275.91▲

2023 · 74.58

Debt

€542k▲

2023 · €180k

Debt ≤ 1 year

€542k▲

2023 · €163k

Income taxes

€116k▲

2023 · €28k

Staff costs

€494k▲

2023 · €267k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€324k€1.02M▲

Fixed assets21/28€69k€60k▼

Tangible fixed assets22/27€69k€60k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€66k€58k▼

Current assets29/58€255k€957k▲

Amounts receivable within one year40/41€219k€841k▲

Trade receivables40€207k€828k▲

Other amounts receivable41€12k€13k▲

Cash at bank and in hand54/58€32k€103k▲

Deferred charges and accrued income490/1€4k€13k▲

Equity and liabilities

Total equity and liabilities10/49€324k€1.02M▲

Equity10/15€144k€475k▲

Contributions10/11€1€1=

Reserves13€135k€475k▲

Distributable reserves133€135k€475k▲

Profit (loss) carried forward14€9k€454▼

Amounts payable17/49€180k€542k▲

Amounts payable after more than one year17€17k-

Financial debts170/4€17k-

Amounts payable within one year42/48€163k€542k▲

Current portion of amounts payable after more than one year42€11k-

Trade debts44€10k€307k▲

Suppliers440/4€10k€307k▲

Taxes, remuneration and social security45€73k€140k▲

Taxes450/3€43k€41k▼

Remuneration and social security454/9€30k€99k▲

Other amounts payable47/48€70k€95k▲

Income statement Code20232024

Remuneration, social security and pensions62€267k€494k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€25k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-

Other operating charges640/8€9k€13k▲

Non-recurring operating charges66A-€8k

Gross operating margin9900€444k€990k▲

Operating profit (loss)9901€132k€449k▲

Financial income75/76B€369€92▼

Recurring financial income75€369€92▼

Financial charges65/66B€17k€2k▼

Recurring financial charges65€2k€2k▼

Non-recurring financial charges66B€15k-

Profit (loss) for the period before taxes9903€116k€447k▲

Income taxes67/77€28k€116k▲

Profit (loss) for the period9904€88k€331k▲

Profit (loss) for the period to be appropriated9905€88k€331k▲

Appropriation of the result

Profit (loss) to be appropriated9906€91k€340k▲

Profit (loss) brought forward from the previous period14P€3k€9k▲

Transfer to equity691/2-€340k

To other reserves6921-€340k

Profit to be distributed694/7€82k-

Return on contributions (dividend)694€82k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

10-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2020net €331k ▲277%

Operating result €449k, net result €331k, both a record.

31-12

Financial Equity above €200kEq €475k ▲230%

5 profitable years in a row build equity to €475k.

13-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 13 days late

2023

12-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 73 days late

2022

31-12

Financial Equity above €100kEq €138k ▲221%

3 profitable years in a row build equity to €138k.

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

31-12

Financial Weakest financial yearnet €3k ▼92.8%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

05-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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, Antwerpen · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Sterckshoflei 282100 Antwerpen

Ground area

377 m²

Building footprint

226 m²

Volume, LiDAR

1,469 m³

Parcel 11345B0203/00L008, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Multi Corporation

Sterckshoflei 28, 2100 AntwerpenGeneral electrical installation work

since 20192.290.894.332

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11345B0203/00L008	Flanders	377 m²	1 · 226 m²	9.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 543 EUR awarded · 156 EUR paid

Year	Entries	awarded	paid
2025	1	543 EUR	156 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 543 EUR · 156 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Destelbergen · Eq €478k

Icarus Schoonmaakbedrijf

Of 7,356 companies in sector 81210 we hold annual accounts for 2,734. 1,393 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-06-2019

Fiscal year end31-12

Activities, NACEBEL

81210General cleaning of buildings

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.