MULTI FLEX
The computed 12-month bankruptcy probability of MULTI FLEX is 4.5% (elevated). The 2025 annual accounts show equity of €25k and a net result of €19k. Equity is growing by ~160.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 449 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €25k |
| Net result | €19k |
| Better than sector | 71% |
| Active | 3 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 57.0% | 32.3% | |
| Net result | €19k | €5k | |
| Equity | €25k | €33k | |
| Gross operating margin | €48k | €35k | |
| Staff costs | €15k | €73k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | - | -19.9% | - |
| Net profit | - | - | - |
| Cash flow | - | -88.2% | - |
| Staff costs | +122.0% | - | - |
| Income taxes | +212.0% | - | - |
| Dividends | - | - | - |
| Total assets | +68.5% | +131.8% | - |
| Equity | +336.5% | -3.7% | - |
| Debt | -7.2% | +284.6% | - |
| of which ≤ 1y | -7.2% | +284.6% | - |
| of which > 1y | - | - | - |
| Working capital | - | - | - |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.44 | 0.71 | 1.79 |
| Quick ratio | 1.44 | 0.71 | 1.79 |
| Working capital ratio | 19.0% | -23.0% | 37.3% |
| Solvency | 57.0% | 22.0% | 53.0% |
| Debt / equity | 0.75 | 3.54 | 0.89 |
| Long-term debt ratio | - | - | - |
| Interest coverage | - | 3.56 | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 44.0% | -0.8% | 53.0% |
| ROE | 77.1% | -3.8% | 100.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €44k | €26k | €11k |
| Fixed assets | 21/28 | €17k | €12k | €2k |
| Tangible fixed assets | 22/27 | €3k | €3k | €2k |
| Financial fixed assets | 28 | €14k | €9k | - |
| Current assets | 29/58 | €27k | €14k | €10k |
| Amounts receivable within one year | 40/41 | €26k | €13k | €10k |
| Cash & bank | 54/58 | €2k | - | - |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €44k | €26k | €11k |
| Equity | 10/15 | €25k | €6k | €6k |
| Reserves | 13 | €25k | €6k | €6k |
| Accumulated profits (losses) | 14 | - | €-223 | - |
| Amounts payable | 17/49 | €19k | €21k | €5k |
| Amounts payable within one year | 42/48 | €19k | €21k | €5k |
| Trade debts payable within one year | 44 | €1k | €10k | €1k |
| Income statement | ||||
| Gross operating margin | 9900 | €48k | €13k | €6k |
| Operating result | 9901 | €30k | €3k | €5k |
| Financial income | 75 | - | €341 | €528 |
| Financial charges | 65 | €2k | €1k | - |
| Result before taxes | 9903 | €28k | €3k | €6k |
| Income taxes | 67/77 | €9k | €3k | - |
| Net result for the period | 9904 | €19k | €-223 | €6k |
| Result to be appropriated | 9905 | €19k | €-223 | €6k |
| NACE primary | Other postal and courier activities(53200) |
| Legal form | Private limited company(610) |
| Incorporation | 03-11-2022 |
| Status | Active |
| Postal code | 9000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0082/00L011 | Flanders | 2,543 m² | 1 · 27 m² | 9.7 m · 3 fl. |
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.
22-04-2024 Registered office moved within Gent
- Nieuwland 68, 9000 Gent → Wasstraat 84, 9000 Gent
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Wasstraat 84, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Wasstraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "84",
"locality_suffix": null
},
"old_address": {
"raw": "Nieuwland 68, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Nieuwland",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "68",
"locality_suffix": null
},
"effective_date": "2024-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2024-04-11",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-01-01",
"unanimous": null
},
"subject_company": {
"kbo": "0793.257.288",
"name_full": "MULTI FLEX",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Kadir Palit",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 2270472024 - Annexes du Moniteur belge",
"Mod PDF 19.01"
]
}| Legal nameNL | MULTI FLEX |