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MULTI PESAGE

Active
Private limited companyfounded 200620 yrs activeNöretherstrasse 57, 4700 Eupen, BelgiumKBO/BCE: BE 0878.577.993

MULTI PESAGE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €328k and a net result of €106k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 80% of 432 sector peers (fiscal year 2020). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
86 / 100
Excellent▼ -4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+19
Solvency75▼-25
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.98 in 2024), and 53.8% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 20 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46.2%
Return on assets
15%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-08-2025, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 d early
2024
6 d early
2023
173 d early
2022
4 d early
2021
40 d early
2020
40 d early
2019
31 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, unclassified schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€106k▲ 47.5%
2024 · €72k
2019: €81k 2020: €46k 2021: €68k 2022: €106k 2023: €114k 2024: €72k
2019 → 2025
Working capital
€110k▼ 62.7%
2024 · €294k
2019: €129k 2020: €184k 2021: €238k 2022: €356k 2023: €278k 2024: €294k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€305k-€394k▲ 29.0%€455k▲ 15.5%€445k▼ 2.3%€328k▼ 26.2%
Operating result€94k-€148k▲ 56.8%€162k▲ 9.8%€99k▼ 38.9%€143k▲ 43.7%
Net result€68k-€106k▲ 56.6%€114k▲ 6.7%€72k▼ 36.6%€106k▲ 47.5%
Result per fiscal year
Operating resultNet result
€0€50k€100k€150kOperating result 2021: €94k€94kNet result 2021: €68k€68kOperating result 2022: €148k€148kNet result 2022: €106k€106kOperating result 2023: €162k€162kNet result 2023: €114k€114kOperating result 2024: €99k€99kNet result 2024: €72k€72kOperating result 2025: €143k€143kNet result 2025: €106k€106k20212022202320242025
The operating result recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets €219k▲ 44.7%
Current assets €492k▲ 11.1%
Equity and liabilities €711k
Equity €328k▼ 26.2%
Provisions €62▼ 81.2%
Debt €383k▲ 157%
The debt ratio rises from 25.1% to 53.8%: debt grows while equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€175k
2024 · €126k
Cash flow
€139k
2024 · €99k
Solvency
46.2%
2024 · 74.9%
Current ratio
1.29
2024 · 2.98
Quick ratio
1.26
2024 · 2.90
Debt / equity
1.17
2024 · 0.33
ROE
32.4%
2024 · 16.2%
ROA
15.0%
2024 · 12.1%
Interest coverage
272.64
2024 · 287.74
Debt
€383k
2024 · €149k
Debt ≤ 1 year
€382k
2024 · €149k
Income taxes
€43k
2024 · €29k
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€594k€711k
Formation expenses20€0€0=
Fixed assets21/28€151k€219k
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€151k€219k
Land and buildings22€104k€96k
Plant, machinery and equipment23€15k€9k
Furniture and vehicles24€32k€114k
Current assets29/58€443k€492k
Stocks and contracts in progress3€11k€10k
Stocks30/36€11k€10k
Amounts receivable within one year40/41€47k€52k
Trade receivables40€43k€39k
Other amounts receivable41€4k€13k
Current investments50/53-€150k
Cash at bank and in hand54/58€380k€271k
Deferred charges and accrued income490/1€4k€9k
Equity and liabilities
Total equity and liabilities10/49€594k€711k
Equity10/15€445k€328k
Contributions10/11€19k€19k=
Reserves13€411k€295k
Tax-exempt reserves132€568€18
Distributable reserves133€411k€295k
Profit (loss) carried forward14€6k€6k=
Investment grants15€9k€9k
Provisions and deferred taxes16€332€62
Deferred taxes168€332€62
Amounts payable17/49€149k€383k
Amounts payable within one year42/48€149k€382k
Trade debts44€43k€37k
Suppliers440/4€43k€37k
Advances received on contracts in progress46€15k€43k
Taxes, remuneration and social security45€9k€30k
Taxes450/3€9k€30k
Other amounts payable47/48€82k€272k
Accrued charges and deferred income492/3€75€75=
Income statement Code20242025
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k
Other operating charges640/8€4k€4k
Gross operating margin9900€133k€179k
Operating profit (loss)9901€99k€143k
Financial income75/76B€2k€7k
Recurring financial income75€2k€7k
Financial charges65/66B€439€642
Recurring financial charges65€439€642
Profit (loss) for the period before taxes9903€101k€149k
Transfer from deferred taxes780€270€270=
Income taxes67/77€29k€43k
Profit (loss) for the period9904€72k€106k
Transfer from tax-exempt reserves789€550€550=
Profit (loss) for the period to be appropriated9905€73k€107k
Appropriation of the result
Profit (loss) to be appropriated9906€78k€112k
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer from equity791/2€81k€222k
Transfer to equity691/2€73k€107k
To other reserves6921€73k€107k
Profit to be distributed694/7€81k€222k
Return on contributions (dividend)694€81k€222k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
18-08
NBB filing Annual accounts filed
fiscal year 2025 · unclassified schema
2024
25-10
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2023
11-05
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
31-03
Financial Highest result since 2019net €114k ▲6.7%
Operating result €162k, net result €114k, both a record.
2022
27-10
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema
2021
21-09
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema
2020
21-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial Weakest financial yearnet €46k ▼42.8%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
31-03
Financial Liquidity triplescurrent ratio 7.22
Current ratio from 2.78 to 7.22; short-term debt falls from €72k to €30k.
2019
30-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-09
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
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
Registered office, Eupen · 1 establishment unit since 2006
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.

Nöretherstrasse 574700 Eupen
1 establishment unit
MULTI PESAGE MÜLLENDER Edgar
Am Wolfshof 1, 4701 EupenNACE 29242
since 20062.151.074.770

Similar companies · same sector, comparable size

Of 18 companies in sector 28292 we hold annual accounts for 16. 12 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded06-01-2006
Fiscal year end31-03
Activities, NACEBEL
28292Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filings

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.