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Multi Pro Concept

Active
Public limited companyfounded 1991active for 35 yearsBosstraat 224, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0445.556.236

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 27-04-2026 PDF all 34 filings

Turnover
≈ €160,000
Estimated: probably between €120,000 and €250,000
EBIT margin
Not included in this filing
Net result
-€6,422
2024 · €1,218
Working capital
€17,597▼ 26.7%
2024 · €24,019
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €6,185, after a profit of €1,559 in 2024.

Operating result-€6,185 2025 Net result-€6,422 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€9,621-€4,076▼ 57.6%€21,313▲ 423%€7,208▼ 66.2%-€33,874€1,559-€6,185
Net result€9,604-€4,075within the sector's middle half▼ 57.6%€18,053within the sector's middle half▲ 343%€5,499within the sector's middle half▼ 69.5%-€34,105below the sector's middle half€1,218within the sector's middle half-€6,422below the sector's middle half
Equity€29,669-€33,744within the sector's middle half▲ 13.7%€51,797within the sector's middle half▲ 53.5%€57,296within the sector's middle half▲ 10.6%€23,191within the sector's middle half▼ 59.5%€24,410within the sector's middle half▲ 5.3%€17,988within the sector's middle half▼ 26.3%
Total assets€64,800-€47,166below the sector's middle half▼ 27.2%€69,778within the sector's middle half▲ 47.9%€69,873within the sector's middle half▲ 0.1%€29,990below the sector's middle half▼ 57.1%€46,220below the sector's middle half▲ 54.1%€37,733below the sector's middle half▼ 18.4%
Debt€35,130-€13,422▼ 61.8%€17,981▲ 34.0%€12,577▼ 30.1%€6,799▼ 45.9%€21,810▲ 221%€19,745▼ 9.5%
Working capital€29,279-€33,353within the sector's middle half▲ 13.9%€55,376within the sector's middle half▲ 66.0%€56,501within the sector's middle half▲ 2.0%€22,801within the sector's middle half▼ 59.6%€24,019within the sector's middle half▲ 5.3%€17,597within the sector's middle half▼ 26.7%
Solvency45.8%-71.5%above the sector's middle half▲ 25.8pp74.2%above the sector's middle half▲ 2.7pp82.0%above the sector's middle half▲ 7.8pp77.3%above the sector's middle half▼ 4.7pp52.8%within the sector's middle half▼ 24.5pp47.7%within the sector's middle half▼ 5.1pp
Current ratio1.83-3.48above the sector's middle half▲ 1.655.19above the sector's middle half▲ 1.715.49above the sector's middle half▲ 0.304.35above the sector's middle half▼ 1.142.10within the sector's middle half▼ 2.251.89within the sector's middle half▼ 0.21
Return on assets (ROA)14.8%-8.6%within the sector's middle half▼ 6.2pp25.9%above the sector's middle half▲ 17.2pp7.9%within the sector's middle half▼ 18.0pp-113.7%below the sector's middle half▼ 121.6pp2.6%within the sector's middle half▲ 116.4pp-17.0%below the sector's middle half▼ 19.7pp
Staff (FTE)0.3-1
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,733
Fixed assets €391 =
Current assets €37,342 ▼ 18.5%
Equity and liabilities €37,733
Equity €17,988 ▼ 26.3%
Debt €19,745 ▼ 9.5%
Debt's share of the balance-sheet total rises from 47.2% to 52.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.10▲
2024 · 0.89
ROE
-35.7%▼
2024 · 5.0%
Debt ≤ 1 year
€19,745▼
2024 · €21,810
Income taxes
€144▼
2024 · €190
Staff costs
€33,744▼
2024 · €35,254
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Multi Pro Concept: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €28,300 and €58,200, founded between 1984 and 2001.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Multi Pro Concept Sint-Pieters-Woluwe1991€37,733€17,988€27,947-€6,4222025
LES GARNISSEURS REUNIS Theux1998€38,028-€7,232€30,105€3662025
TRANSCO Soignies1984€28,294-€15,140€22,107€16,0642025
SATEX Schaarbeek2000€47,584-€122,168€36,826€17,4922025
YAHIA TRAVEL Sint-Jans-Molenbeek2001€49,698€1,269€23,175-€17,1402025
L'ESPERANCE Brussel1990€58,244€8,164€18,345-€12,2542025
VEBO Mont-de-l'Enclus1989€32,961€12,839€55,682€40,3922025

They were chosen from the 1,748 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 5,831 companies had the same profile as Multi Pro Concept has now. Two years later, 1.7% had gone bankrupt and 84.6% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13.4% stopped otherwise
84.6% was still going

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Multi Pro Concept itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,831 companies, not a prediction for Multi Pro Concept. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Source: Annual accounts 2025 (PDF), filed on 27-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€46,220€37,733▼
Fixed assets21/28€391€391=
Financial fixed assets28€391€391=
Current assets29/58€45,829€37,342▼
Amounts receivable within one year40/41€27,841€33,380▲
Trade receivables40€27,413€32,479▲
Other amounts receivable41€428€901▲
Cash at bank and in hand54/58€17,988€3,962▼
Equity and liabilities
Total equity and liabilities10/49€46,220€37,733▼
Equity10/15€24,410€17,988▼
Contributions10/11€64,452€64,452=
Capital10€64,452-
Issued capital100€64,452-
Reserves13€992€992=
Non-distributable reserves130/1€992€992=
Legal reserve130€992-
Reserves not available under the articles1311-€992
Profit (loss) carried forward14-€41,034-€47,456▼
Amounts payable17/49€21,810€19,745▼
Amounts payable within one year42/48€21,810€19,745▼
Trade debts44€4,895€750▼
Suppliers440/4€4,895€750▼
Taxes, remuneration and social security45€1,916€3,995▲
Taxes450/3-€365
Remuneration and social security454/9€1,916€3,630▲
Other amounts payable47/48€15,000€15,000=
Income statement Code20242025
Remuneration, social security and pensions62€35,254€33,744▼
Other operating charges640/8€442€387▼
Gross operating margin9900€37,256€27,947▼
Operating profit (loss)9901€1,559-€6,185▼
Financial income75/76B€43€18▼
Recurring financial income75€43€18▼
Financial charges65/66B€193€111▼
Recurring financial charges65€193€111▼
Profit (loss) for the period before taxes9903€1,409-€6,278▼
Income taxes67/77€190€144▼
Profit (loss) for the period9904€1,218-€6,422▼
Profit (loss) for the period to be appropriated9905€1,218-€6,422▼
Appropriation of the result
Profit (loss) to be appropriated9906-€41,034-€47,456▼
Profit (loss) brought forward from the previous period14P-€42,253-€41,034▲

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Remuneration, social security and pensions62--€32,886€31,665€25,031€35,254€33,744▼ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€347€405€405---
Other operating charges640/8--€1,833-€348€442€387▼ 12.5%
Gross operating margin9900€24,738€23,599€56,379€39,278-€8,091€37,256€27,947▼ 25.0%
Operating profit (loss)9901€9,621€4,076€21,313€7,208-€33,874€1,559-€6,185-
Financial income75/76B--€239€391€61€43€18▼ 58.6%
Recurring financial income75€111€197€239€391€61€43€18▼ 58.6%
Financial charges65/66B--€220€197€292€193€111▼ 42.7%
Recurring financial charges65€127€129€220€197€292€193€111▼ 42.7%
Profit (loss) for the period before taxes9903€9,604€4,144€21,331€7,403-€34,105€1,409-€6,278-
Income taxes67/77-€70€3,278€1,904-€190€144▼ 24.4%
Profit (loss) for the period9904€9,604€4,075€18,053€5,499-€34,105€1,218-€6,422-
Profit (loss) for the period to be appropriated9905€9,604€4,075€18,053€5,499-€34,105€1,218-€6,422-
Line2019202020212022202320242025Change
Assets
Total assets20/58€64,800€47,166€69,778€69,873€29,990€46,220€37,733▼ 18.4%
Fixed assets21/28€391€391€1,201€796€391€391€391=
Tangible fixed assets22/27--€810€405----
Plant, machinery and equipment23--€810€405----
Financial fixed assets28€391€391€391€391€391€391€391=
Current assets29/58€64,409€46,775€68,578€69,078€29,599€45,829€37,342▼ 18.5%
Amounts receivable within one year40/41€56,165€30,746€45,466€33,200€21,417€27,841€33,380▲ 19.9%
Trade receivables40--€44,324€30,293€20,435€27,413€32,479▲ 18.5%
Other amounts receivable41--€1,142€2,907€982€428€901▲ 111%
Cash at bank and in hand54/58€8,244€16,030€23,112€35,878€8,182€17,988€3,962▼ 78.0%
Equity and liabilities
Total equity and liabilities10/49€64,800€47,166€69,778€69,873€29,990€46,220€37,733▼ 18.4%
Equity10/15€29,669€33,744€51,797€57,296€23,191€24,410€17,988▼ 26.3%
Contributions10/11€64,452€64,452€64,452€64,452€64,452€64,452€64,452=
Capital10--€64,452€64,452€64,452€64,452--
Issued capital100--€64,452€64,452€64,452€64,452--
Reserves13€992€992€992€992€992€992€992=
Non-distributable reserves130/1--€992€992€992€992€992=
Legal reserve130--€992€992€992€992--
Reserves not available under the articles1311------€992-
Profit (loss) carried forward14-€35,775-€31,700-€13,646-€8,148-€42,253-€41,034-€47,456▼ 15.6%
Amounts payable17/49€35,130€13,422€17,981€12,577€6,799€21,810€19,745▼ 9.5%
Amounts payable within one year42/48€35,130€13,422€13,202€12,577€6,799€21,810€19,745▼ 9.5%
Trade debts44€26,709€4,047€9,732€8,646€282€4,895€750▼ 84.7%
Suppliers440/4--€9,732€8,646€282€4,895€750▼ 84.7%
Taxes, remuneration and social security45--€3,470€3,931€6,517€1,916€3,995▲ 109%
Taxes450/3--€3,278€2,147€2,062-€365-
Remuneration and social security454/9--€192€1,784€4,455€1,916€3,630▲ 89.5%
Other amounts payable47/48-----€15,000€15,000=
Accrued charges and deferred income492/3--€4,779-----
Line2019202020212022202320242025Change
Profit (loss) for the period9904€9,604€4,075€18,053€5,499-€34,105€1,218-€6,422-
+ Depreciation and write-downs630--€347€405€405---
Operating cash flow (approximation)€9,604€4,075€18,401€5,904-€33,700€1,218-€6,422-
Investment in fixed assets (approximation)-€0-€1,157€0-€0€0€0-
Change in cash-€7,785€7,082€12,766-€27,696€9,806-€14,026-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 27-04-2026 2026-00088248 PDF
30-09-2024 micro format 24-04-2025 2025-00074455 PDF
30-09-2023 micro format 29-04-2024 2024-00072263 PDF
30-09-2022 micro format 29-06-2023 2023-00172226 PDF
30-09-2021 micro format 29-04-2022 2022-20013374 PDF
30-09-2020 micro format 07-06-2021 2021-17700251 PDF
30-09-2019 full format 16-04-2020 2020-09200428 PDF
30-09-2018 full format 27-03-2019 2019-08200245 PDF
30-09-2017 full format 14-03-2018 2018-06700361 PDF
30-09-2016 full format 23-03-2017 2017-06900129 PDF

Show all 34 filings

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