MULTI-ENERGY
ActiveMULTI-ENERGY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €4k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency95▲+36
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 4.08 in 2024; short-term debt: 24.6% and cash: 59.8% of total assets), and 29.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.4%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
59 d early
2024
35 d early
2023
28 d early
2022
26 d early
2021
31 d early
2020
9 d early
2019
2 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 39.7%
2024 · €7k
2018: €-19k
2019: €24k
2020: €26k
2021: €7k
2022: €-77
2023: €12k
2024: €7k
2018 → 2025
Working capital
€36k▼ 53.9%
2024 · €79k
2018: €-3k
2019: €4k
2020: €25k
2021: €16k
2022: €18k
2023: €20k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€31k▼ 3.9%€35k▲ 12.2%€40k▲ 12.2%€44k▲ 10.4%
Operating result€12k-€2k▼ 83.5%€20k▲ 918%€13k▼ 34.4%€8k▼ 38.7%
Net result€7k-€-77€12k€7k▼ 42.4%€4k▼ 39.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€11k▼ 17.1%
Current assets
€51k▼ 50.6%
Equity and liabilities €62k
Equity
€44k▲ 10.4%
Debt
€18k▼ 76.2%
The debt ratio falls from 66.1% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €18k
Cash flow
€8k▼
2024 · €12k
Solvency
70.4%▲
2024 · 33.9%
Current ratio
3.38▼
2024 · 4.08
Quick ratio
3.28▼
2024 · 4.01
Debt / equity
0.42▼
2024 · 1.95
ROE
9.4%▼
2024 · 17.2%
ROA
6.6%▲
2024 · 5.8%
Interest coverage
23.62▲
2024 · 21.15
Debt
€18k▼
2024 · €77k
Debt ≤ 1 year
€15k▼
2024 · €26k
Income taxes
€4k▼
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€117k€62k▼
Fixed assets21/28€13k€11k▼
Intangible fixed assets21€69-
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€5k€740▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€3k€3k=
Current assets29/58€104k€51k▼
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€6k€6k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€90k€37k▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€117k€62k▼
Equity10/15€40k€44k▲
Contributions10/11€6k€6k=
Reserves13€33k€37k▲
Distributable reserves133€33k€37k▲
Amounts payable17/49€77k€18k▼
Amounts payable within one year42/48€26k€15k▼
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€14k€3k▼
Accrued charges and deferred income492/3€52k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€1k€5k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€20k€18k▼
Operating profit (loss)9901€13k€8k▼
Financial income75/76B€95€77▼
Recurring financial income75€95€77▼
Financial charges65/66B€867€495▼
Recurring financial charges65€867€495▼
Profit (loss) for the period before taxes9903€12k€8k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€4k▼
Transfer to equity691/2€4k€4k▼
To other reserves6921€4k€4k▼
Profit to be distributed694/7€3k-
Return on contributions (dividend)694€3k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.08
Current ratio from 1.39 to 4.08; short-term debt falls from €51k to €26k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €26k ▲7.3%
Operating result €32k, net result €26k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Villers-la-Ville · 1 establishment unit since 2017
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.
Rue Lalou 511495 Villers-la-VilleGround area
3,584 m²
Building footprint
532 m²
Volume, LiDAR
3,298 m³
2 parcels, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MULTI-ENERGY
since 20172.264.841.617
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0689/00Y006 | Wallonia | 3,064 m² | 1 · 436 m² | 12.5 m · 3 fl. |
| 25062F0216/00X002 | Wallonia | 520 m² | 1 · 96 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FRONIUS BELGIUM
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MARIBAU
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Of 6,156 companies in sector 46190 we hold annual accounts for 2,571. 1,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2017
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.