MULTI-MAT
ActiveMULTI-MAT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €679k and a net result of €-20k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-27
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 9.33 against 8.88 in 2024; short-term debt: 8.7% and cash: 32.9% of total assets), and 10.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
89.5%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
13 d early
2023
29 d late
2022
1 d late
2021
31 d late
2020
11 d early
2019
on the day
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 36.5%
2024 · €-15k
2018: €29k
2019: €35k
2020: €104k
2021: €90k
2022: €11k
2023: €45k
2024: €-15k
2018 → 2025
Working capital
€550k▼ 2.0%
2024 · €561k
2018: €544k
2019: €553k
2020: €478k
2021: €492k
2022: €543k
2023: €578k
2024: €561k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€680k-€692k▲ 1.7%€724k▲ 4.7%€699k▼ 3.4%€679k▼ 2.9%
Operating result€119k-€16k▼ 86.7%€58k▲ 266%€-12k€-25k▼ 112%
Net result€90k-€11k▼ 87.5%€45k▲ 296%€-15k€-20k▼ 36.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €12k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €759k
Fixed assets
€143k▼ 13.3%
Current assets
€616k▼ 2.6%
Equity and liabilities €759k
Equity
€679k▼ 2.9%
Debt
€80k▼ 18.3%
The debt ratio falls from 12.3% to 10.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €12k
Cash flow
€3k▼
2024 · €9k
Solvency
89.5%▲
2024 · 87.7%
Current ratio
9.33▲
2024 · 8.88
Quick ratio
4.90▲
2024 · 3.87
Debt / equity
0.12▼
2024 · 0.14
ROE
-3.0%▼
2024 · -2.1%
ROA
-2.7%▼
2024 · -1.9%
Interest coverage
-0.42▼
2024 · 3.12
Debt
€80k▼
2024 · €98k
Debt ≤ 1 year
€66k▼
2024 · €71k
Debt > 1 year
€14k▼
2024 · €27k
Income taxes
€-8k
Staff costs
€36k▲
2024 · €36k
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€797k€759k▼
Fixed assets21/28€165k€143k▼
Tangible fixed assets22/27€162k€141k▼
Land and buildings22€153k€137k▼
Plant, machinery and equipment23€437€244▼
Furniture and vehicles24€9k€3k▼
Financial fixed assets28€3k€3k=
Current assets29/58€632k€616k▼
Stocks and contracts in progress3€357k€293k▼
Stocks30/36€357k€293k▼
Amounts receivable within one year40/41€63k€68k▲
Trade receivables40€34k€43k▲
Other amounts receivable41€29k€25k▼
Cash at bank and in hand54/58€207k€250k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€797k€759k▼
Equity10/15€699k€679k▼
Contributions10/11€321k€321k=
Reserves13€16k€16k=
Tax-exempt reserves132€16k€16k=
Profit (loss) carried forward14€363k€342k▼
Amounts payable17/49€98k€80k▼
Amounts payable after more than one year17€27k€14k▼
Financial debts170/4€27k€14k▼
Amounts payable within one year42/48€71k€66k▼
Current portion of amounts payable after more than one year42€28k€19k▼
Trade debts44€32k€36k▲
Suppliers440/4€32k€36k▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€36k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€23k▼
Other operating charges640/8€16k€5k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€64k€46k▼
Operating profit (loss)9901€-12k€-25k▼
Financial income75/76B€854€886▲
Recurring financial income75€854€886▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-15k€-28k▼
Income taxes67/77-€-8k
Profit (loss) for the period9904€-15k€-20k▼
Profit (loss) for the period to be appropriated9905€-15k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€373k€342k▼
Profit (loss) brought forward from the previous period14P€387k€363k▼
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
Social balance
Average headcount (FTE)9087-1.0
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €104k ▲194%
Operating result €145k, net result €104k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tintigny · 1 establishment unit since 1990
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 de la Station,Tintigny 76730 TintignyGround area
5,220 m²
Building footprint
63 m²
Volume, LiDAR
522 m³
Parcel 85039C0449/00S000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Station,Tintigny 7, 6730 Tintigny
since 19902.046.395.340
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85039C0449/00S000 | Wallonia | 5,220 m² | 1 · 63 m² | 9.6 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
VANDENBERGHE CONCEPTS
BE 0436.470.405
Ieper · Eq €680k
SANICOLE
BE 0414.338.963
Beringen · Eq €682k
CONSTRUCT SERVICES
BE 0453.117.484
Mouscron · Eq €683k
PROMARMOL BENELUX
BE 0446.312.242
Brugge · Eq €684k
INDUSTRIAL PUMP SYSTEMS
BE 0421.250.115
Kasterlee · Eq €674k
Of 1,804 companies in sector 46831 we hold annual accounts for 1,398. 1,035 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1989
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.