MULTI-PEINTURES
Inactive1 interim measureInactive; last annual accounts for fiscal year 2021.
Summary
MULTI-PEINTURES was declared bankrupt on 17-03-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 27-10-2025, published in the Belgian State Gazette on 03-11-2025.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-11-2022, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
116 d late
2020
27 d late
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2021, micro schema
Equity
€16,547▲ 34.5%
2020 · €12,299
Total assets
€45,371▲ 41.8%
2020 · €31,989
Net result
€4,248
2020 · -€8,263
Working capital
€21,196▲ 37.5%
2020 · €15,416
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€10,398-€728▼ 93.0%-€7,892€5,122
Net result€7,518-€616▼ 91.8%-€8,263€4,248
Equity€19,946-€20,562▲ 3.1%€12,299▼ 40.2%€16,547▲ 34.5%
Total assets€28,527-€75,864▲ 166%€31,989▼ 57.8%€45,371▲ 41.8%
Debt€8,581-€55,302▲ 544%€19,690▼ 64.4%€28,824▲ 46.4%
Working capital€19,668-€22,060▲ 12.2%€15,416▼ 30.1%€21,196▲ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €5,122 after a loss of €7,892 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €45,371
Equity
€16,547 ▲ 34.5%
Debt
€28,824 ▲ 46.4%
Debt's share of the balance-sheet total rises from 61.6% to 63.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,944▲
2020 · -€4,070
Cash flow
€8,070▲
2020 · -€4,441
Current ratio
1.88▼
2020 · 2.21
Debt to equity
1.74▲
2020 · 0.56
ROE
25.7%▲
2020 · -67.2%
ROA
9.4%▲
2020 · -25.8%
Interest coverage
6.89
Debt ≤ 1 year
€24,175▲
2020 · €12,751
Debt > 1 year
€4,649▼
2020 · €6,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €833 | €3,822 | €3,822 | €3,822 | = |
| Other operating charges640/8 | - | - | - | €6,663 | - |
| Gross operating margin9900 | €24,264 | €6,735 | -€3,493 | €15,607 | ▲ 547% |
| Operating profit (loss)9901 | €10,398 | €728 | -€7,892 | €5,122 | ▲ 165% |
| Financial income75/76B | - | - | - | €423 | - |
| Recurring financial income75 | - | €345 | €501 | €423 | ▼ 15.5% |
| Financial charges65/66B | - | - | - | €1,298 | - |
| Recurring financial charges65 | €319 | €237 | €873 | €1,298 | ▲ 48.7% |
| Profit (loss) for the period before taxes9903 | €10,079 | €836 | -€8,263 | €4,248 | ▲ 151% |
| Income taxes67/77 | €2,562 | €219 | - | - | - |
| Profit (loss) for the period9904 | €7,518 | €616 | -€8,263 | €4,248 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €7,518 | €616 | -€8,263 | €4,248 | ▲ 151% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,527 | €75,864 | €31,989 | €45,371 | ▲ 41.8% |
| Fixed assets21/28 | €278 | €7,644 | €3,822 | - | - |
| Tangible fixed assets22/27 | €278 | €7,644 | €3,822 | - | - |
| Current assets29/58 | €28,249 | €68,220 | €28,167 | €45,371 | ▲ 61.1% |
| Amounts receivable within one year40/41 | €24,492 | €63,555 | €26,250 | €43,953 | ▲ 67.4% |
| Trade receivables40 | - | - | - | €36,395 | - |
| Other amounts receivable41 | - | - | - | €7,558 | - |
| Cash at bank and in hand54/58 | €3,429 | €4,408 | €1,918 | €1,418 | ▼ 26.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,527 | €75,864 | €31,989 | €45,371 | ▲ 41.8% |
| Equity10/15 | €19,946 | €20,562 | €12,299 | €16,547 | ▲ 34.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €11,886 | €12,502 | €4,239 | €8,487 | ▲ 100% |
| Amounts payable17/49 | €8,581 | €55,302 | €19,690 | €28,824 | ▲ 46.4% |
| Amounts payable after more than one year17 | - | €9,142 | €6,939 | €4,649 | ▼ 33.0% |
| Financial debts170/4 | - | - | - | €4,649 | - |
| Amounts payable within one year42/48 | €8,581 | €46,160 | €12,751 | €24,175 | ▲ 89.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,290 | - |
| Financial debts43 | - | - | - | €4,861 | - |
| Credit institutions430/8 | - | - | - | €4,861 | - |
| Trade debts44 | €515 | €35,864 | €6,952 | €14,124 | ▲ 103% |
| Suppliers440/4 | - | - | - | €14,124 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,900 | - |
| Remuneration and social security454/9 | - | - | - | €2,900 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,518 | €616 | -€8,263 | €4,248 | ▲ 151% |
| + Depreciation and write-downs630 | €833 | €3,822 | €3,822 | €3,822 | = |
| Operating cash flow (approximation) | €8,351 | €4,438 | -€4,441 | €8,070 | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€11,188 | €0 | - | - |
| Change in cash | - | €979 | -€2,491 | -€500 | ▲ 79.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 27-10-2025
20-06
KBO administration
Address struck
21-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 17-03-2025
18-02
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
31-12
Financial
Back to profitnet €4,248
Net result €4,248 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€8,263
Net result drops to -€8,263, the lowest in the series.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 195 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
17-03-2025 → 27-10-2025 |
Identification & contact
Identification
Legal formSPRL
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.