MULTI LOGISTICS
ActiveSummary
MULTI LOGISTICS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of -€226,003. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 33% of 1,164 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €4.3m
- Loss
- -€226,003
- Board
- 5 members
- Dirk MoyaertManaging director
Why 92lowers riskSize: 1 FTE, total assets €15.1mFounded in 1992Figures for financial year 2025 (filed 28-08-2026)Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 34% on solvency, 54% on liquidity, 27% on profitability and 31% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Reappointments: Dirk Moyaert, Nicole Obin and…Gazette deed
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€226,003
Financials · financial year 2025, full format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441172.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €61,214 after a loss of €3,106 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2021 Net result -86% on 2020. The previous financial year ran 21 months, this one 12.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93.3% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.04m | €0.03m | €0.04m | €0.04m | €0.04m | ▲ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.2m | €0.1m | €0.2m | €0.2m | €0.8m | €0.8m | ▼ 0.2% |
| Other operating charges640/8 | - | - | €0.03m | €0.03m | €0.04m | €0.09m | €0.07m | ▼ 23.8% |
| Gross operating margin9900 | €0.8m | €2.0m | €0.3m | €0.5m | €0.5m | €0.9m | €1.0m | ▲ 5.0% |
| Operating profit (loss)9901 | €0.05m | €0.7m | €0.1m | €0.2m | €0.2m | -€0.003m | €0.06m | - |
| Financial income75/76B | - | - | €0 | - | €3.1m | €0.06m | €0.01m | ▼ 77.7% |
| Recurring financial income75 | - | €1 | €0 | - | €3.1m | €0.06m | €0.01m | ▼ 77.7% |
| Non-recurring financial income76B | - | - | - | - | €3.1m | €0 | - | - |
| Financial charges65/66B | - | - | €0.04m | €0.05m | €0.2m | €0.2m | €0.2m | ▲ 17.4% |
| Recurring financial charges65 | €0.05m | €0.08m | €0.04m | €0.05m | €0.2m | €0.2m | €0.2m | ▲ 17.4% |
| Profit (loss) for the period before taxes9903 | €228 | €0.7m | €0.09m | €0.2m | €3.1m | -€0.1m | -€0.1m | ▼ 14.8% |
| Transfer from deferred taxes780 | - | - | - | - | - | €0.09m | €0.05m | ▼ 40.1% |
| Transfer to deferred taxes680 | - | - | - | - | €0.8m | €0 | - | - |
| Income taxes67/77 | €0.002m | €0.2m | €0.02m | €0.04m | €0.02m | €0.2m | €0.1m | ▼ 24.2% |
| Profit (loss) for the period9904 | -€0.002m | €0.5m | €0.06m | €0.1m | €2.3m | -€0.2m | -€0.2m | ▼ 4.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.3m | €0.2m | ▼ 40.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €2.3m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | €0.5m | €0.06m | €0.1m | -€0.02m | €0.05m | -€0.07m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.4m | €4.6m | €5.6m | €13.2m | €14.4m | €13.6m | €15.1m | ▲ 11.2% |
| Fixed assets21/28 | €4.1m | €4.3m | €5.2m | €13.1m | €12.8m | €12.6m | €13.8m | ▲ 9.6% |
| Intangible fixed assets21 | - | - | - | - | - | €4.2m | €3.8m | ▼ 11.1% |
| Tangible fixed assets22/27 | €4.1m | €4.3m | €5.2m | €5.6m | €5.3m | €8.4m | €10.0m | ▲ 20.1% |
| Land and buildings22 | - | - | €5.2m | €5.6m | €5.3m | €8.4m | €10.0m | ▲ 20.1% |
| Financial fixed assets28 | €0.005m | €0.005m | €0.005m | €7.5m | €7.5m | €0.006m | €0.005m | ▼ 9.1% |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.2m | €1.6m | €1.0m | €1.3m | ▲ 31.9% |
| Amounts receivable within one year40/41 | €0.08m | €0.05m | €0.1m | €0.05m | €0.09m | €0.2m | €0.09m | ▼ 57.2% |
| Trade receivables40 | - | - | €0.009m | €0.01m | €0.007m | €0.04m | €0.09m | ▲ 124% |
| Other amounts receivable41 | - | - | €0.1m | €0.04m | €0.09m | €0.2m | €0.001m | ▼ 99.5% |
| Current investments50/53 | - | - | - | - | - | - | €0.05m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.1m | €1.5m | €0.8m | €1.2m | ▲ 49.7% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0 | - | €0.007m | €0.004m | ▼ 40.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.4m | €4.6m | €5.6m | €13.2m | €14.4m | €13.6m | €15.1m | ▲ 11.2% |
| Equity10/15 | €1.7m | €2.2m | €2.3m | €2.4m | €4.7m | €4.5m | €4.3m | ▼ 5.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.7m | €2.1m | €2.2m | €2.3m | €4.7m | €4.5m | €4.2m | ▼ 5.1% |
| Non-distributable reserves130/1 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | - | €2.3m | €2.1m | €1.9m | ▼ 7.5% |
| Distributable reserves133 | - | - | €2.2m | €2.3m | €2.3m | €2.4m | €2.3m | ▼ 3.0% |
| Provisions and deferred taxes16 | - | - | - | - | €0.8m | €0.7m | €0.6m | ▼ 7.5% |
| Deferred taxes168 | - | - | - | - | €0.8m | €0.7m | €0.6m | ▼ 7.5% |
| Amounts payable17/49 | €2.7m | €2.4m | €3.3m | €10.8m | €8.9m | €8.4m | €10.2m | ▲ 21.5% |
| Amounts payable after more than one year17 | €2.2m | €1.8m | €2.7m | €8.2m | €7.7m | €7.1m | €8.7m | ▲ 22.9% |
| Financial debts170/4 | - | - | €2.7m | €8.2m | €7.7m | €7.1m | €8.7m | ▲ 22.9% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.6m | €2.7m | €1.2m | €1.3m | €1.5m | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | €0.3m | €0.8m | €0.9m | €0.9m | €1.1m | ▲ 23.3% |
| Financial debts43 | - | - | - | €0.006m | €0 | €0.02m | €0.03m | ▲ 66.6% |
| Credit institutions430/8 | - | - | - | - | - | €0.02m | €0.03m | ▲ 66.6% |
| Other loans439 | - | - | - | €0.006m | €0 | - | - | - |
| Trade debts44 | €0.09m | €0.09m | €0.006m | €0.005m | €0.01m | €0.03m | €0.008m | ▼ 70.3% |
| Suppliers440/4 | - | - | €0.006m | €0.005m | €0.01m | €0.03m | €0.008m | ▼ 70.3% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.008m | €0.009m | €0.1m | €0.09m | ▼ 10.8% |
| Taxes450/3 | - | - | €0.002m | €0.001m | €0.001m | €0.1m | €0.09m | ▼ 12.7% |
| Remuneration and social security454/9 | - | - | €0.01m | €0.007m | €0.008m | €0.008m | €0.009m | ▲ 12.2% |
| Other amounts payable47/48 | - | - | €0.3m | €1.8m | €0.3m | €0.3m | €0.3m | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | - | €0.003m | €0.003m | €0.004m | €0.003m | €0.003m | ▲ 1.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | €0.5m | €0.06m | €0.1m | €2.3m | -€0.2m | -€0.2m | ▼ 4.9% |
| + Depreciation and write-downs630 | €0.04m | €0.2m | €0.1m | €0.2m | €0.2m | €0.8m | €0.8m | ▼ 0.2% |
| Operating cash flow (approximation) | €0.04m | €0.6m | €0.2m | €0.3m | €2.6m | €0.6m | €0.6m | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€1.0m | -€8.1m | -€0.02m | -€0.6m | -€2.0m | ▼ 246% |
| Change in cash | - | €0.08m | -€0.01m | -€0.2m | €1.4m | -€0.7m | €0.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00441172 |
| 31-12-2024 | abbreviated format | 30-08-2025 | 2025-00458576 |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00233878 |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00239640 |
| 31-12-2021 | abbreviated format | 01-06-2022 | 2022-20041480 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57000002 |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72400219 |
| 31-03-2018 | full format | 31-10-2018 | 2018-71300088 |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-69300416 |
| 31-03-2016 | abbreviated format | 27-10-2016 | 2016-67000093 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 5
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Alexander Moyaert |
|
| Dirk Moyaert |
|
| Liesbeth Moyaert |
|
| Nicole Obin |
|
| Veronique Moyaert |
|
Owners and capital
Capital and shareholders
- 16-05-2024 Capital stated in the deed · €62,000 · 1,250 shares
Group and network
Holdings and subsidiaries
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
Merged into this company on 30-08-2024.
-
100%
According to the 2023 annual accounts of MULTI LOGISTICS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
13-10
Gazette deed
Reappointments: Dirk Moyaert, Nicole Obin and 3 others8 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Dirk Moyaert (director)
- Director reappointment, Nicole Obin (director)
- Director reappointment, Alexander Moyaert (director)
- Director reappointment, Liesbeth Moyaert (director)
- Director reappointment, Veronique Moyaert (director)
- Board meeting, 30-06-2026
- Director reappointment, Dirk Moyaert (managing director)
30-08
Gazette deed
Capital & shares · Amendment of the articles · RestructuringMerger · Shareholding · Net-asset statement23 facts ▸
- General meeting, 18-07-2024
- Merger, “fusie door overneming, artikel 12:57 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Shareholding
- Net-asset statement, 31-12-2023
- Real estate, “Een handelsruimte (ten kadaster gekend als 'toonzaal') met afhankelijkheden, op en met medegaande gronden” (deed in Dutch)
- Other provision, “bank consent to merger and credit continuation, published merger decision corresponding to the merger proposal” (deed in Dutch)
- Declaration, “cadastral error regarding opstalrecht on parcel 259GP0000, kadaster meldt wellicht bij wijze van materiële vergissing een opstalrecht, terwijl het opstairecht r…” (deed in Dutch)
- Other provision, “origin of opstallen on parcel 259GP0000, afstand door de echtgenoten Jozef Victor Franciscus SCHEERS-JANSSENS Hilda Rita Malvina, samen te Tremelo (Baal), van h…” (deed in Dutch)
- Other provision, “acquisition of ground shares for parcel 259GP0000, ruiling tegen een perceel grond gekend ten kadaster TREMELO-Tweede Afdeling-BAAL, Sectie C, nummer 315NP0000” (deed in Dutch)
- Other provision, “inbreng, contribution of real estate to MOYAERT DK” (deed in Dutch)
- Director discharge, MOYAERT Dirk (director)
- Director discharge, OBIN Nicole (director)
- +11 further facts in this act
16-05
Gazette deed
Restructuring · MiscellaneousMerger · Shareholding · Capital29 facts ▸
- Other provision, “ter griffie neer te leggen kopie”, 24076183 (deed in Dutch)
- Merger, “fusie door overneming, gehele vermogen,zowel rechten als verplichtingen” (deed in Dutch)
- Shareholding
- Other provision, “geen uitgifte nieuwe aandelen, overnemende vennootschap houdster van alle aandelen over te nemen vennootschap” (deed in Dutch)
- Other provision, “inschrijving rechtspersonenregister, Gent,Afdeling Brugge” (deed in Dutch)
- Other provision, “inschrijving rechtspersonenregister, Leuven” (deed in Dutch)
- Other provision, “verrichting ingegeven door zakelijke overwegingen waardoor zij met belastingneutraliteit kan worden doorgevoerd, wenselijkheid fusie door overneming” (deed in Dutch)
- Other provision, “statuten niet gewijzigd sinds oprichting” (deed in Dutch)
- Capital, €620,689.08
- Board composition, Alexander Moyaert
- Board composition, Dirk Moyaert
- Board composition, Liesbeth Moyaert
- +17 further facts in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37003C0226/00A002 | Flanders | 1.5 ha | 1 · 1.0 ha | 9.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “A)het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm…” (deed in Dutch)deed of 30-08-2024
2 activities (deed in Dutch)
- A)het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen.
- B)het beheer van een onroerend of roerend vermogen en de huurfianciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- Name clauseThe name the company operates under according to its articles.
- MULTI LOGISTICSdeed of 30-08-2024
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brugsesteenweg 201,8740 Pittem” (deed in Dutch)deed of 16-05-2024
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Thursday of May at 11:00