Multi Pro Concept
ActiveFinancials · 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
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€6,185
2025
20192025
Net result
-€6,422
2025
lowest quarter of the sector
20192025
Equity
€17,988
▼ 26.3%
2025
middle half of the sector
20192025
Total assets
€37,733
▼ 18.4%
2025
lowest quarter of the sector
20192025
Debt
€19,745
▼ 9.5%
2025
20192025
Working capital
€17,597
▼ 26.7%
2025
middle half of the sector
20192025
Solvency
47.7%
▼ 5.1pp
2025
middle half of the sector
20192025
Current ratio
1.89
▼ 0.21
2025
middle half of the sector
20192025
Return on assets (ROA)
-17.0%
▼ 19.7pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
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 operating result for 2025 is a loss of €6,185, after a profit of €1,559 in 2024.
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
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.
Staff
| Item | 30-09-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.6 |
| Average over the year, in full-time equivalents | 0.6 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,157 | - | €0 | - | - |
| Depreciation and write-downs of the year | €347 | €405 | €405 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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.
Historical observation
In July 2024, 5,831 companies had the same profile as Multi Pro Concept has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
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 497,446 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.
| 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.
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 | |
| 30-09-2024 | micro format | 24-04-2025 | 2025-00074455 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00072263 | |
| 30-09-2022 | micro format | 29-06-2023 | 2023-00172226 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20013374 | |
| 30-09-2020 | micro format | 07-06-2021 | 2021-17700251 | |
| 30-09-2019 | full format | 16-04-2020 | 2020-09200428 | |
| 30-09-2018 | full format | 27-03-2019 | 2019-08200245 | |
| 30-09-2017 | full format | 14-03-2018 | 2018-06700361 | |
| 30-09-2016 | full format | 23-03-2017 | 2017-06900129 |