MULTI SERVICE
ActiveSummary
MULTI SERVICE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €548,625 and a net result of €125,977. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 92% of 3321 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+78
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 12.07 against 41.26 in 2024; short-term debt: 8.3% and cash: 24.5% of total assets), and 8.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.7%
Return on assets
21.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
181920232425
2018 to 2025 · latest year €548,625
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
30 d late
2023
17 d late
2020
30 d late
2019
48 d late
2018
30 d late
2017
31 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 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€548,625▲ 21.2%
2024 · €452,648
Total assets
€598,086▲ 30.1%
2024 · €459,668
Net result
€125,977
2024 · -€5,189
Working capital
€547,744▲ 93.8%
2024 · €282,642
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
Line20192020202320242025
Operating result€10,583▼ 9.8%€18,677▲ 76.5%€3,127--€1,788€153,791
Net result€2,726▼ 61.1%€15,543▲ 470%€504--€5,189€125,977
Equity€426,471▲ 0.6%€442,014▲ 3.6%€457,837-€452,648▼ 1.1%€548,625▲ 21.2%
Total assets€452,772=€477,230▲ 5.4%€464,651-€459,668▼ 1.1%€598,086▲ 30.1%
Debt€26,300▼ 9.9%€35,215▲ 33.9%€6,814-€7,020▲ 3.0%€49,461▲ 605%
Working capital€257,061▲ 1.2%€272,901▲ 6.2%€287,326-€282,642▼ 1.6%€547,744▲ 93.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €153,791 after a loss of €1,788 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €598,086
Fixed assets
€881 ▼ 99.5%
Current assets
€597,205 ▲ 106%
Equity and liabilities €598,086
Equity
€548,625 ▲ 21.2%
Debt
€49,461 ▲ 605%
Debt's share of the balance-sheet total rises from 1.5% to 8.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154,414▲
2024 · -€1,282
Cash flow
€126,600▲
2024 · -€4,684
Current ratio
12.07▼
2024 · 41.26
Debt to equity
0.09▲
2024 · 0.02
ROE
23.0%▲
2024 · -1.1%
ROA
21.1%▲
2024 · -1.1%
Interest coverage
65.24▲
2024 · -15.21
Debt ≤ 1 year
€49,461▲
2024 · €7,020
Income taxes
€29,980▲
2024 · €5,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €297 | €297 | €465 | €506 | €623 | ▲ 23.2% |
| Other operating charges640/8 | - | - | €1,636 | €1,307 | €765 | ▼ 41.4% |
| Gross operating margin9900 | €11,857 | €20,004 | €5,228 | €25 | €155,179 | ▲ 633,027% |
| Operating profit (loss)9901 | €10,583 | €18,677 | €3,127 | -€1,788 | €153,791 | ▲ 8,702% |
| Financial income75/76B | - | - | - | €2,404 | €4,532 | ▲ 88.5% |
| Recurring financial income75 | €1,109 | €746 | - | €2,404 | €4,532 | ▲ 88.5% |
| Financial charges65/66B | - | - | €644 | €84 | €2,367 | ▲ 2,708% |
| Recurring financial charges65 | €181 | €689 | €644 | €84 | €2,367 | ▲ 2,708% |
| Profit (loss) for the period before taxes9903 | €11,511 | €18,734 | €2,484 | €532 | €155,957 | ▲ 29,232% |
| Income taxes67/77 | €8,785 | €3,191 | €1,980 | €5,721 | €29,980 | ▲ 424% |
| Profit (loss) for the period9904 | €2,726 | €15,543 | €504 | -€5,189 | €125,977 | ▲ 2,528% |
| Profit (loss) for the period to be appropriated9905 | €2,726 | €15,543 | €504 | -€5,189 | €125,977 | ▲ 2,528% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452,772 | €477,230 | €464,651 | €459,668 | €598,086 | ▲ 30.1% |
| Fixed assets21/28 | €169,410 | €169,113 | €170,511 | €170,006 | €881 | ▼ 99.5% |
| Tangible fixed assets22/27 | €169,410 | €169,113 | €170,511 | €170,006 | €881 | ▼ 99.5% |
| Land and buildings22 | - | - | €168,939 | €168,939 | - | - |
| Plant, machinery and equipment23 | - | - | €505 | €331 | €174 | ▼ 47.5% |
| Furniture and vehicles24 | - | - | €237 | €112 | €291 | ▲ 160% |
| Other tangible fixed assets26 | - | - | €830 | €623 | €415 | ▼ 33.3% |
| Current assets29/58 | €283,361 | €308,117 | €294,140 | €289,663 | €597,205 | ▲ 106% |
| Amounts receivable within one year40/41 | €7,343 | €5,310 | €4,479 | €6,783 | €4,753 | ▼ 29.9% |
| Trade receivables40 | - | - | €2,142 | €2,807 | €2,239 | ▼ 20.3% |
| Other amounts receivable41 | - | - | €2,337 | €3,976 | €2,514 | ▼ 36.8% |
| Current investments50/53 | €178,368 | €214,908 | €268,959 | €268,959 | €443,959 | ▲ 65.1% |
| Cash at bank and in hand54/58 | €97,651 | €87,898 | €20,702 | €13,921 | €146,594 | ▲ 953% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,900 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452,772 | €477,230 | €464,651 | €459,668 | €598,086 | ▲ 30.1% |
| Equity10/15 | €426,471 | €442,014 | €457,837 | €452,648 | €548,625 | ▲ 21.2% |
| Contributions10/11 | €9,916 | €9,916 | €9,916 | €9,916 | €9,916 | = |
| Capital10 | - | - | €9,916 | - | - | - |
| Issued capital100 | - | - | €9,916 | - | - | - |
| Reserves13 | €213,113 | €228,655 | €243,974 | €243,974 | €273,974 | ▲ 12.3% |
| Non-distributable reserves130/1 | - | - | €992 | €992 | €992 | = |
| Legal reserve130 | - | - | €992 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €992 | €992 | = |
| Distributable reserves133 | - | - | €242,983 | €242,983 | €272,983 | ▲ 12.3% |
| Profit (loss) carried forward14 | €203,443 | €203,443 | €203,947 | €198,758 | €264,735 | ▲ 33.2% |
| Amounts payable17/49 | €26,300 | €35,215 | €6,814 | €7,020 | €49,461 | ▲ 605% |
| Amounts payable within one year42/48 | €26,300 | €35,215 | €6,814 | €7,020 | €49,461 | ▲ 605% |
| Trade debts44 | €4,262 | €8,436 | €3,988 | - | €4,015 | - |
| Suppliers440/4 | - | - | €3,988 | - | €4,015 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €33,000 | - |
| Taxes450/3 | - | - | - | - | €13,000 | - |
| Remuneration and social security454/9 | - | - | - | - | €20,000 | - |
| Other amounts payable47/48 | - | - | €2,826 | €7,020 | €12,446 | ▲ 77.3% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,726 | €15,543 | €504 | -€5,189 | €125,977 | ▲ 2,528% |
| + Depreciation and write-downs630 | €297 | €297 | €465 | €506 | €623 | ▲ 23.2% |
| Operating cash flow (approximation) | €3,023 | €15,840 | €968 | -€4,684 | €126,600 | ▲ 2,803% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €168,502 | - |
| Change in cash | - | -€9,752 | - | -€6,781 | €132,673 | ▲ 2,056% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €125,977
Net result €125,977 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €548,625 ▲21.2%
Equity rises from €452,648 to €548,625.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€5,189
Net result drops to -€5,189, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 17 days late
2023
31-12
Financial
Liquidity times 5current ratio 43.17
Current ratio from 8.75 to 43.17; short-term debt falls from €35,215 to €6,814.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Huldenberg · 1 establishment unit since 1990
Ground area
1,316 m²
Building footprint
145 m²
Volume, LiDAR
1,142 m³
Parcel 24045B0574/00K003, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MULTI SERVICE CV
since 19902.048.849.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24045B0574/00K003 | Flanders | 1,316 m² | 1 · 145 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676005THEOB9EWMTC61
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Of 2,264 companies in sector 69209 we hold annual accounts for 1,098. 708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-05-1990
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441015448
Also
9925:BE0441015448
Registered
31-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.