MULTI-HART
ActiveMULTI-HART has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €31k. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-27
Solvency41▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.31 in 2024; short-term debt: 53.9% and cash: 10.7% of total assets), but 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
16.2%
Return on assets
4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€124k▲ 33.1%
2024 · €93k
2023: €23k
2024: €93k
2023 → 2025
Total assets
€767k▼ 43.7%
2024 · €1.36M
2023: €2.14M
2024: €1.36M
2023 → 2025
Net result
€31k▼ 56.0%
2024 · €70k
2023: €-39k
2024: €70k
2023 → 2025
Working capital
€354k▲ 9.6%
2024 · €323k
2023: €1.51M
2024: €323k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€23k-€93k▲ 304%€124k▲ 33.1%
Operating result€-6k-€96k€56k▼ 41.7%
Net result€-39k-€70k€31k▼ 56.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €767k
Equity
€124k▲ 33.1%
Debt
€643k▼ 49.4%
The debt ratio falls from 93.2% to 83.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
16.2%▲
2024 · 6.8%
Current ratio
1.86▲
2024 · 1.31
Quick ratio
0.80▲
2024 · 0.36
Debt / equity
5.18▼
2024 · 13.62
ROE
24.9%▼
2024 · 75.2%
ROA
4.0%▼
2024 · 5.1%
Debt
€643k▼
2024 · €1.27M
Debt ≤ 1 year
€413k▼
2024 · €1.04M
Debt > 1 year
€230k=
2024 · €230k
Income taxes
€11k▼
2024 · €11k
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€1.36M€767k▼
Current assets29/58€1.36M€767k▼
Amounts receivable after more than one year29€300k€248k▼
Other amounts receivable291€300k€248k▼
Stocks and contracts in progress3€987k€436k▼
Stocks30/36€987k€436k▼
Amounts receivable within one year40/41€12k€408▼
Trade receivables40€291€388▲
Other amounts receivable41€12k€20▼
Cash at bank and in hand54/58€64k€82k▲
Equity and liabilities
Total equity and liabilities10/49€1.36M€767k▼
Equity10/15€93k€124k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€31k€62k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€25k€56k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.27M€643k▼
Amounts payable after more than one year17€230k€230k=
Financial debts170/4€230k€230k=
Amounts payable within one year42/48€1.04M€413k▼
Trade debts44€1.03M€402k▼
Suppliers440/4€1.03M€402k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€11k€11k▼
Taxes450/3€11k€11k▼
Other amounts payable47/48€120€120=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€97k€57k▼
Operating profit (loss)9901€96k€56k▼
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€81k€41k▼
Income taxes67/77€11k€11k▼
Profit (loss) for the period9904€70k€31k▼
Profit (loss) for the period to be appropriated9905€70k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€31k▼
Profit (loss) brought forward from the previous period14P€-39k€0▲
Transfer to equity691/2€31k€31k▼
To the legal reserve6920€6k€0▼
To other reserves6921€25k€31k▲
The notes to these accounts (5 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €100kEq €124k ▲33.1%
2 profitable years in a row build equity to €124k.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Truiden · 1 establishment unit since 2022
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.
Lichtenberglaan 20513800 Sint-TruidenGround area
3.0 ha
Building footprint
3,440 m²
Volume, LiDAR
30,496 m³
Parcel 71353E0504/00F000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MULTI-HART
since 20222.331.741.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0504/00F000 | Flanders | 3.0 ha | 1 · 3,440 m² | 10.9 m · 3 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.
Similar companies · same sector, comparable size
SMART BUILDING SERVICES
BE 0800.948.497
Bornem · Eq €124k
RENO DE LUXE
BE 0686.666.661
Wevelgem · Eq €124k
Z.O.R.G.
BE 0458.702.904
Zulte · Eq €124k
Quintal Finance
BE 0843.178.735
Braine-l'Alleud · Eq €124k
DECOENE
BE 0422.845.764
Nieuwpoort · Eq €124k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,351 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-03-2022
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.