Financials
- Fiscal year
- 2025
- Total assets
- €810,676
- Loss
- -€35,735
- Solvency
- 29.7%
Turnover▼ 2.8%
Net result
20232024
MULTI-MONTAGE
ActiveSummary
MULTI-MONTAGE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240,484 and a net result of -€35,735. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 1167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110Other specialised construction activities NACE 43990
1 site
Size
€810,676total assets 2025
- Staff
- 13.6 FTE
- Equity
- €240,484
- Loss
- -€35,735
Structure
Accounts filed 29 d late0 of 4 deeds read
Why 64- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- Size: 13.6 FTE, total assets €810,676- Latest accounts 29 days late; 2 of the last 3 late+ Founded in 1987Show the evidence
Checked score
Score 2025
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 20% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
55-6
equity 29.7% of total assets
Liquidity
30-5
short-term debt 62.5% · cash 10.4%
Profitability
30-14
return on assets -4.4%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%● 0.0% vs 12-2024
02-2025: 0.4%● 0.0% vs 01-2025
03-2025: 0.4%▼ -0.8% vs 02-2025
04-2025: 0.4%▼ -3.5% vs 03-2025
05-2025: 0.4%▼ -1.1% vs 04-2025
06-2025: 0.3%▼ -7.6% vs 05-2025lowest value
07-2025: 0.4%▲ +7.3% vs 06-2025
08-2025: 0.6%▲ +62.5% vs 07-2025
09-2025: 0.7%▲ +14.0% vs 08-2025
10-2025: 1.3%▲ +94.0% vs 09-2025
11-2025: 1.3%● 0.0% vs 10-2025
12-2025: 1.3%● 0.0% vs 11-2025
01-2026: 1.3%● 0.0% vs 12-2025
02-2026: 1.3%● 0.0% vs 01-2026
03-2026: 1.2%▼ -2.5% vs 02-2026
04-2026: 1.2%● 0.0% vs 03-2026
05-2026: 1.2%▼ -4.7% vs 04-2026
06-2026: 1.1%▼ -4.1% vs 05-2026
07-2026: 1.1%▼ -1.1% vs 06-2026
08-2026: 1.8%▲ +62.7% vs 07-2026highest value
09-2026: 1.1%▼ -39.7% vs 08-2026
10-2026: 1.1%● 0.0% vs 09-2026
- Founded in 1987 lowers the probability for this profile
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
- Size: 13.6 FTE, total assets €810,676 raises the probability for this profile
- Latest accounts 29 days late; 2 of the last 3 late raises the probability
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.44 in 2024; short-term debt: 62.5% and cash: 10.4% of total assets), and 70.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 31%, liquidity 23%, profitability 14%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 -€35,735
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
60 d late
2023
58 d late
2022
56 d late
2021
18 d late
2020
37 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-08-2026Annual accounts filed
- 29-09-2025Annual accounts filed
- 27-09-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 30-04-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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