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MULTI-SERVICES

Active
Private limited companyfounded 198838 yrs activeRue de Marnix 136, 4100 Seraing, BelgiumKBO/BCE: BE 0434.376.391
Summary

MULTI-SERVICES has been active since 1988 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€14,679) and a net result of -€2,912. Equity is shrinking by ~22.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability66▲+16
Solvency13▼-4
Growth32=
Track record92
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.62 in 2023; short-term debt: 112.5% and cash: 2.6% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-12.5%
Return on assets
-2.5%
Age of the figures
21 mo
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
highest failure risk from 2 to 8 years 38 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
181920212324
2018 to 2024 · latest year -€14,679
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-10-2025, 65 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 filings
Deviation from the deadline
2025
not confirmed
2024
65 d late
2023
30 d late
2021
31 d late
2020
102 d late
2019
90 d late
2018
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 63 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 publications
Publications
Strikeout withdrawal

History

On 1 June 1988, MULTI-SERVICES was incorporated.1 Total assets went from EUR 146,171 in 2018 to EUR 117,699 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,912▲ 91.8%
2023 · -€35,688
Working capital
-€60,340▼ 1.2%
2023 · -€59,620
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
Line20192020202120232024
Operating result€18,084▲ 159%-€4,409-€6,349▼ 44.0%€3,381-€545▼ 83.9%
Net result€14,107▲ 168%-€3,297-€8,203▼ 149%-€35,688--€2,912▲ 91.8%
Equity€124,566▼ 11.3%€121,269▼ 2.6%€113,067▼ 6.8%-€11,768--€14,679▼ 24.7%
Total assets€233,474▲ 59.7%€245,312▲ 5.1%€223,384▼ 8.9%€143,537-€117,699▼ 18.0%
Debt€108,908▲ 1,807%€124,042▲ 13.9%€110,318▼ 11.1%€155,304-€132,378▼ 14.8%
Working capital€72,833▼ 17.4%€70,351▼ 3.4%€64,429▼ 8.4%-€59,620--€60,340▼ 1.2%
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2019: €18,084€18,084Net result 2019: €14,107€14,107Operating result 2020: -€4,409-€4,409Net result 2020: -€3,297-€3,297Operating result 2021: -€6,349-€6,349Net result 2021: -€8,203-€8,203Operating result 2023: €3,381€3,381Net result 2023: -€35,688-€35,688Operating result 2024: €545€545Net result 2024: -€2,912-€2,91220192020202120232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€6,349-€6,350Net result 2021: -€8,203-€8,200Operating result 2023: €3,381€3,380Net result 2023: -€35,688-€35,700Operating result 2024: €545€545Net result 2024: -€2,912-€2,910202120232024
The operating result falls in 2024; 2024 is 84% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €117,699
Fixed assets €45,661 ▼ 4.6%
Current assets €72,039 ▼ 24.7%
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,737▼
2023 · €5,731
Cash flow
-€719▲
2023 · -€33,338
Solvency
-12.5%▼
2023 · -8.2%
Current ratio
0.54▼
2023 · 0.62
Debt to equity
-9.02▲
2023 · -13.20
ROA
-2.5%▲
2023 · -24.9%
Interest coverage
14.04▼
2023 · 68.01
Debt ≤ 1 year
€132,378▼
2023 · €155,304
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
5.9% stopped otherwise
90% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 2,799 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€143,537€117,699▼
Fixed assets21/28€47,853€45,661▼
Tangible fixed assets22/27€47,853€45,661▼
Land and buildings22€47,188€45,344▼
Furniture and vehicles24€665€317▼
Current assets29/58€95,684€72,039▼
Amounts receivable after more than one year29€72,788€68,141▼
Other amounts receivable291€72,788€68,141▼
Amounts receivable within one year40/41€1,951€800▼
Trade receivables40€1,151-
Other amounts receivable41€800€800=
Cash at bank and in hand54/58€6,958€3,097▼
Deferred charges and accrued income490/1€13,987-
Equity and liabilities
Total equity and liabilities10/49€143,537€117,699▼
Equity10/15-€11,768-€14,679▼
Contributions10/11€72,395€80,254▲
Capital10€72,395-
Issued capital100€78,592-
Uncalled capital101€6,197-
Outside capital11-€80,254
Share premium1100/10-€80,254
Reserves13€38,609€30,750▼
Non-distributable reserves130/1€7,859-
Legal reserve130€7,859-
Tax-exempt reserves132€10,750€10,750=
Distributable reserves133€20,000€20,000=
Profit (loss) carried forward14-€122,771-€125,683▼
Amounts payable17/49€155,304€132,378▼
Amounts payable within one year42/48€155,304€132,378▼
Trade debts44€223€297▲
Suppliers440/4€223€297▲
Taxes, remuneration and social security45€155,082€132,082▼
Taxes450/3€155,082€132,082▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,350€2,192▼
Other operating charges640/8€9,204€926▼
Gross operating margin9900€14,935€3,663▼
Operating profit (loss)9901€3,381€545▼
Financial income75/76B€2,832€2,804▼
Recurring financial income75€2,832€2,804▼
Non-recurring financial income76B€2,832-
Financial charges65/66B€294€6,260▲
Recurring financial charges65€84€195▲
Non-recurring financial charges66B€210€6,065▲
Profit (loss) for the period before taxes9903€5,919-€2,912▼
Income taxes67/77€41,607-
Profit (loss) for the period9904-€35,688-€2,912▲
Profit (loss) for the period to be appropriated9905-€35,688-€2,912▲
Appropriation of the result
Profit (loss) to be appropriated9906-€122,771-€125,683▼
Profit (loss) brought forward from the previous period14P-€87,084-€122,771▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,844€2,123€2,280€2,350€2,192▼ 6.7%
Other operating charges640/8--€733€9,204€926▼ 89.9%
Gross operating margin9900€20,551-€1,660-€3,336€14,935€3,663▼ 75.5%
Operating profit (loss)9901€18,084-€4,409-€6,349€3,381€545▼ 83.9%
Financial income75/76B--€2,309€2,832€2,804▼ 1.0%
Recurring financial income75-€1,112€2,309€2,832€2,804▼ 1.0%
Non-recurring financial income76B---€2,832--
Financial charges65/66B--€14€294€6,260▲ 2,026%
Recurring financial charges65€281-€14€84€195▲ 131%
Non-recurring financial charges66B---€210€6,065▲ 2,786%
Profit (loss) for the period before taxes9903€17,804-€3,297-€4,054€5,919-€2,912▼ 149%
Income taxes67/77€3,697-€4,149€41,607--
Profit (loss) for the period9904€14,107-€3,297-€8,203-€35,688-€2,912▲ 91.8%
Profit (loss) for the period to be appropriated9905€14,107-€3,297-€8,203-€35,688-€2,912▲ 91.8%
Line20192020202120232024Change
Assets
Total assets20/58€233,474€245,312€223,384€143,537€117,699▼ 18.0%
Fixed assets21/28€54,565€53,750€51,470€47,853€45,661▼ 4.6%
Tangible fixed assets22/27€54,565€53,750€51,470€47,853€45,661▼ 4.6%
Land and buildings22--€50,877€47,188€45,344▼ 3.9%
Furniture and vehicles24--€593€665€317▼ 52.4%
Current assets29/58€178,909€191,561€171,914€95,684€72,039▼ 24.7%
Amounts receivable after more than one year29--€60,172€72,788€68,141▼ 6.4%
Other amounts receivable291--€60,172€72,788€68,141▼ 6.4%
Amounts receivable within one year40/41€56,563€1,772€1,893€1,951€800▼ 59.0%
Trade receivables40--€1,207€1,151--
Other amounts receivable41--€686€800€800=
Cash at bank and in hand54/58€22,138€22,138€9,025€6,958€3,097▼ 55.5%
Deferred charges and accrued income490/1--€100,824€13,987--
Equity and liabilities
Total equity and liabilities10/49€233,474€245,312€223,384€143,537€117,699▼ 18.0%
Equity10/15€124,566€121,269€113,067-€11,768-€14,679▼ 24.7%
Contributions10/11€72,395€72,395€72,395€72,395€80,254▲ 10.9%
Capital10--€72,395€72,395--
Issued capital100--€78,592€78,592--
Uncalled capital101--€6,197€6,197--
Outside capital11----€80,254-
Share premium1100/10----€80,254-
Reserves13€38,609€38,609€38,609€38,609€30,750▼ 20.4%
Non-distributable reserves130/1--€7,859€7,859--
Legal reserve130--€7,859€7,859--
Tax-exempt reserves132--€10,750€10,750€10,750=
Distributable reserves133--€20,000€20,000€20,000=
Profit (loss) carried forward14€13,563€10,265€2,063-€122,771-€125,683▼ 2.4%
Amounts payable17/49€108,908€124,042€110,318€155,304€132,378▼ 14.8%
Amounts payable within one year42/48€106,076€121,210€107,486€155,304€132,378▼ 14.8%
Trade debts44€119€15,254€1,529€223€297▲ 33.3%
Suppliers440/4--€1,529€223€297▲ 33.3%
Taxes, remuneration and social security45--€105,957€155,082€132,082▼ 14.8%
Taxes450/3--€105,957€155,082€132,082▼ 14.8%
Accrued charges and deferred income492/3--€2,832---
Line20192020202120232024Change
Profit (loss) for the period9904€14,107-€3,297-€8,203-€35,688-€2,912▲ 91.8%
+ Depreciation and write-downs630€1,844€2,123€2,280€2,350€2,192▼ 6.7%
Operating cash flow (approximation)€15,951-€1,174-€5,922-€33,338-€719▲ 97.8%
Investment in fixed assets (approximation)--€1,308€0-€0-
Change in cash-€0-€13,114--€3,860-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 65 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€35,688
Net result drops to -€35,688, the lowest in the series; recovery starts the following year.
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
03-12
KBO administration Strikeout withdrawal
event 10-11-2021
10-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 102 days late
2020
29-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial Highest result since 2018net €14,107 ▲168%
Operating result €18,084, net result €14,107, both a record.
30-09
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2012
18-07
NBB filing Annual accounts filed
fiscal year 2011 · full schema
2011
18-07
NBB filing Annual accounts filed
fiscal year 2010 · full schema
2010
27-07
NBB filing Annual accounts filed
fiscal year 2009 · full schema
2009
05-08
NBB filing Annual accounts filed
fiscal year 2008 · full schema · 5 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Seraing · 1 establishment unit since 1988
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.

Rue de Marnix 1364100 Seraing
1 establishment unit
MULTI-SERVICES
Rue de Marnix 136, 4100 SeraingRenting and operating of own or leased non-residential real estate, excluding land
since 19882.039.909.901

Identification & contact

Identification
Legal formPrivate limited company
Founded01-06-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.