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MULTI SERVICES

Active
Private limited companyfounded 2023active for 3 yearsKBO/BCE: BE 0803.993.012
Summary

The computed 12-month bankruptcy probability of MULTI SERVICES is 9.9% (elevated). The 2024 annual accounts show equity of €30,670 and a net result of €6,072. The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Activity not known1 site
Size
€77,854total assets 2024
Equity
€30,670
Profit
€6,072
Turnover not published (micro format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
9.9%
Structure
Accounts 77 days overdue0 of 1 deed read
Why 33raises riskEx-officio strike-off in the KBOFigures for financial year 2024 (filed 12-09-2025)Founded in 20231 financial year not filed after the legal deadline; latest accounts 34 days late; 2 of the last 3 lateShow the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 46% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Average
Solvency 64+20
equity 39.4% of total assets
Liquidity 24-21
short-term debt 60.6% · cash 4.9%
Profitability 78+1
return on assets 7.8%
Bankruptcy probability, 12 months
9.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,554 companies, NACE 43, micro)
Last 24 months 11-2024: 1.9%lowest value 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 2.0%▲ +0.1 percentage points vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.1%▲ +0.1 percentage points vs 03-2025 05-2025: 2.1%● unchanged vs 04-2025 06-2025: 2.1%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.1 percentage points vs 06-2025 08-2025: 3.0%▲ +0.8 percentage points vs 07-2025 09-2025: 3.4%▲ +0.4 percentage points vs 08-2025 10-2025: 3.4%● unchanged vs 09-2025 11-2025: 3.4%● unchanged vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.3%▼ -0.1 percentage points vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 6.0%▲ +2.7 percentage points vs 02-2026 04-2026: 6.1%▲ +0.1 percentage points vs 03-2026 05-2026: 6.1%● unchanged vs 04-2026 06-2026: 6.0%▼ -0.1 percentage points vs 05-2026 07-2026: 6.1%▲ +0.1 percentage points vs 06-2026 08-2026: 7.4%▲ +1.3 percentage points vs 07-2026 09-2026: 7.7%▲ +0.3 percentage points vs 08-2026 10-2026: 9.9%▲ +2.2 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity insufficient (current ratio 0.85, compared with 0.72 in 2023, below 1; short-term debt: 60.6% and cash: 4.9% of total assets), and 60.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 42% on solvency, 14% on liquidity, 56% on profitability and 71% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Figures for financial year 2024 (filed 12-09-2025)
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 34 days late; 2 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
34 days late
2023
50 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 42 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
Address struck
  1. Address struckSteenstraat 73 1800 L’adresse du…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 16 October 2026.

Equity
€30,670▲ 24.7%
2023 · €24,598
Total assets
€77,854▼ 41.3%
2023 · €132,710
Net result
€6,072▼ 71.2%
2023 · €21,098
Working capital
-€6,908▲ 77.2%
2023 · -€30,330
Trend over the years

2023 to 2024, 2 financial years

The operating result falls in 2024; 2024 is 64% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€10,353 2024 Net result€6,072 2024

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

Every figure with its change against the financial year before
favourable unfavourable
Line20232024
Operating result€29,068-€10,353▼ 64.4%
Net result€21,098-€6,072▼ 71.2%
Equity€24,598-€30,670▲ 24.7%
Total assets€132,710-€77,854▼ 41.3%
Debt€108,112-€47,185▼ 56.4%
Working capital-€30,330--€6,908▲ 77.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €77,854
Fixed assets €37,578 ▼ 31.6%
Current assets €40,276 ▼ 48.2%
Equity and liabilities €77,854
Equity €30,670 ▲ 24.7%
Debt €47,185 ▼ 56.4%
Debt's share of the balance-sheet total falls from 81.5% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€29,009▼
2023 · €37,334
Cash flow
€24,728▼
2023 · €29,363
Current ratio
0.85▲
2023 · 0.72
Debt to equity
1.54▼
2023 · 4.40
ROE
19.8%▼
2023 · 85.8%
ROA
7.8%▼
2023 · 15.9%
Interest coverage
15.51▲
2023 · -827.25
Debt ≤ 1 year
€47,185▼
2023 · €108,112
Income taxes
€2,594▼
2023 · €8,016
Staff costs
€20,402▲
2023 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 9.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€132,710€77,854▼
Fixed assets21/28€54,928€37,578▼
Tangible fixed assets22/27€54,928€37,578▼
Plant, machinery and equipment23€25,001€15,169▼
Furniture and vehicles24€29,926€22,409▼
Current assets29/58€77,782€40,276▼
Amounts receivable within one year40/41€36,138€36,470▲
Trade receivables40€8,906€8,261▼
Other amounts receivable41€27,233€28,209▲
Cash at bank and in hand54/58€41,644€3,806▼
Equity and liabilities
Total equity and liabilities10/49€132,710€77,854▼
Equity10/15€24,598€30,670▲
Contributions10/11€3,500€3,500=
Profit (loss) carried forward14€21,098€27,170▲
Amounts payable17/49€108,112€47,185▼
Amounts payable within one year42/48€108,112€47,185▼
Trade debts44€26,152€13,598▼
Suppliers440/4€26,152€13,598▼
Taxes, remuneration and social security45€8,016€10,609▲
Taxes450/3€8,016€10,609▲
Other amounts payable47/48€73,945€22,978▼
Income statement Code20232024
Remuneration, social security and pensions62€160€20,402▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,266€18,657▲
Other operating charges640/8-€1,549
Gross operating margin9900€37,494€50,960▲
Operating profit (loss)9901€29,068€10,353▼
Financial income75/76B-€183
Recurring financial income75-€183
Financial charges65/66B-€45€1,871▲
Recurring financial charges65-€45€1,871▲
Profit (loss) for the period before taxes9903€29,113€8,665▼
Income taxes67/77€8,016€2,594▼
Profit (loss) for the period9904€21,098€6,072▼
Profit (loss) for the period to be appropriated9905€21,098€6,072▼
Appropriation of the result
Profit (loss) to be appropriated9906€21,098€27,170▲
Profit (loss) brought forward from the previous period14P-€21,098

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

Line20232024Change
Remuneration, social security and pensions62€160€20,402▲ 12,651%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,266€18,657▲ 126%
Other operating charges640/8-€1,549-
Gross operating margin9900€37,494€50,960▲ 35.9%
Operating profit (loss)9901€29,068€10,353▼ 64.4%
Financial income75/76B-€183-
Recurring financial income75-€183-
Financial charges65/66B-€45€1,871-
Recurring financial charges65-€45€1,871-
Profit (loss) for the period before taxes9903€29,113€8,665▼ 70.2%
Income taxes67/77€8,016€2,594▼ 67.6%
Profit (loss) for the period9904€21,098€6,072▼ 71.2%
Profit (loss) for the period to be appropriated9905€21,098€6,072▼ 71.2%
Line20232024Change
Assets
Total assets20/58€132,710€77,854▼ 41.3%
Fixed assets21/28€54,928€37,578▼ 31.6%
Tangible fixed assets22/27€54,928€37,578▼ 31.6%
Plant, machinery and equipment23€25,001€15,169▼ 39.3%
Furniture and vehicles24€29,926€22,409▼ 25.1%
Current assets29/58€77,782€40,276▼ 48.2%
Amounts receivable within one year40/41€36,138€36,470▲ 0.9%
Trade receivables40€8,906€8,261▼ 7.2%
Other amounts receivable41€27,233€28,209▲ 3.6%
Cash at bank and in hand54/58€41,644€3,806▼ 90.9%
Equity and liabilities
Total equity and liabilities10/49€132,710€77,854▼ 41.3%
Equity10/15€24,598€30,670▲ 24.7%
Contributions10/11€3,500€3,500=
Profit (loss) carried forward14€21,098€27,170▲ 28.8%
Amounts payable17/49€108,112€47,185▼ 56.4%
Amounts payable within one year42/48€108,112€47,185▼ 56.4%
Trade debts44€26,152€13,598▼ 48.0%
Suppliers440/4€26,152€13,598▼ 48.0%
Taxes, remuneration and social security45€8,016€10,609▲ 32.4%
Taxes450/3€8,016€10,609▲ 32.4%
Other amounts payable47/48€73,945€22,978▼ 68.9%
Line20232024Change
Profit (loss) for the period9904€21,098€6,072▼ 71.2%
+ Depreciation and write-downs630€8,266€18,657▲ 126%
Operating cash flow (approximation)€29,363€24,728▼ 15.8%
Investment in fixed assets (approximation)--€1,306-
Change in cash--€37,838-

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

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2024 micro format 03-09-2025 2025-00490595
31-12-2023 micro format 19-09-2024 2024-00467225

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

MULTI SERVICES was incorporated on 14 July 2023 as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2024

Acts, filings and financial milestones

2026
11-02
KBO administration Address struck
Steenstraat 73 1800 L’adresse du siège Steenstraat 73 1800 Die Sitzadresse Steenstraat 73 1800 Vilvoorde Vilvoorde werd doorgehaald met ingang van Vilvoorde · event 05-12-2025
2025
03-09
NBB filing Annual accounts filed
financial year 2024 · micro format · 34 days late
2024
19-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 50 days late
SignalNBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded14-07-2023
Financial year end31-12
Contact
E-mail info@multi-services.be
Phone 0489030496
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there 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 you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 16 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
356 m²
Building footprint
107 m²
Building volume
971 m³
Parcel 23088A0017/00C000, Flanders · tallest building 14.0 m. Linked by address, not a title deed.
1 establishment unit
MULTI SERVICES
General construction of residential buildings
since 2023unit no. 2.348.064.746
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
23088A0017/00C000 Flanders 356 m² 1 · 107 m² 14.0 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.