MULTI SERVICES CLEANING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 6 filings
Turnover
≈ €100,000
Estimated: probably between €59,000 and €260,000
Total assets
€153,336▼ 5.5%
2024 · €162,280
Net result
€776
2024 · -€10,279
Working capital
-€57,152▼ 4.5%
2024 · -€54,707
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€4,111
2025
20202025
Net result
€776
2025
middle half of the sector
20202025
Equity
-€11,000
▲ 6.6%
2025
lowest quarter of the sector
20202025
Total assets
€153,336
▼ 5.5%
2025
middle half of the sector
20202025
Debt
€164,336
▼ 5.6%
2025
20202025
Working capital
-€57,152
▼ 4.5%
2025
lowest quarter of the sector
20202025
Solvency
-7.2%
▲ 0.1pp
2025
lowest quarter of the sector
20202025
Current ratio
0.39
▼ 0.04
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
0.5%
▲ 6.8pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€1,187-€5,652€1,849▼ 67.3%-€5,441-€6,705▼ 23.2%€4,111
Net result-€1,206below the sector's middle half-€5,358within the sector's middle half€464within the sector's middle half▼ 91.3%-€9,113below the sector's middle half-€10,279below the sector's middle half▼ 12.8%€776within the sector's middle half
Equity€1,794below the sector's middle half-€7,152below the sector's middle half▲ 299%€7,616below the sector's middle half▲ 6.5%-€1,497below the sector's middle half-€11,775below the sector's middle half▼ 687%-€11,000below the sector's middle half▲ 6.6%
Total assets€24,226below the sector's middle half-€52,606below the sector's middle half▲ 117%€188,193within the sector's middle half▲ 258%€173,180within the sector's middle half▼ 8.0%€162,280within the sector's middle half▼ 6.3%€153,336within the sector's middle half▼ 5.5%
Debt€22,432-€45,454▲ 103%€180,577▲ 297%€174,676▼ 3.3%€174,055▼ 0.4%€164,336▼ 5.6%
Working capital€1,244within the sector's middle half-€4,356within the sector's middle half▲ 250%-€46,697below the sector's middle half-€42,228below the sector's middle half▲ 9.6%-€54,707below the sector's middle half▼ 29.6%-€57,152below the sector's middle half▼ 4.5%
Solvency7.4%below the sector's middle half-13.6%below the sector's middle half▲ 6.2pp4.0%below the sector's middle half▼ 9.5pp-0.9%below the sector's middle half▼ 4.9pp-7.3%below the sector's middle half▼ 6.4pp-7.2%below the sector's middle half▲ 0.1pp
Current ratio1.06within the sector's middle half-1.13within the sector's middle half▲ 0.080.42below the sector's middle half▼ 0.710.50below the sector's middle half▲ 0.090.43below the sector's middle half▼ 0.080.39below the sector's middle half▼ 0.04
Return on assets (ROA)-5.0%below the sector's middle half-10.2%within the sector's middle half▲ 15.2pp0.2%below the sector's middle half▼ 9.9pp-5.3%below the sector's middle half▼ 5.5pp-6.3%below the sector's middle half▼ 1.1pp0.5%within the sector's middle half▲ 6.8pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 profit of €4,111, after a loss of €6,705 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153,336
Fixed assets
€116,386 ▼ 4.1%
Current assets
€36,950 ▼ 9.6%
Equity and liabilities
Equity-€11,000
Debt€164,336
Equity is negative. Debt (€164,336) exceeds the balance-sheet total (€153,336).
Key figures and ratios
EBITDA
€9,553▲
2024 · €3,016
Cash flow
€6,217▲
2024 · -€558
Interest coverage
2.86▲
2024 · 0.84
Debt ≤ 1 year
€94,101▼
2024 · €95,596
Debt > 1 year
€70,234▼
2024 · €78,459
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,791 | €149,248 | - | €735 | €437 |
| Depreciation and write-downs of the year | €4,322 | €9,425 | €24,466 | €9,721 | €5,442 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,276 | €4,322 | €9,425 | €24,466 | €9,721 | €5,442 | ▼ 44.0% |
| Other operating charges640/8 | - | €231 | €947 | €1,739 | €1,664 | €2,063 | ▲ 24.0% |
| Gross operating margin9900 | €89 | €10,205 | €12,220 | €20,763 | €4,680 | €11,616 | ▲ 148% |
| Operating profit (loss)9901 | -€1,187 | €5,652 | €1,849 | -€5,441 | -€6,705 | €4,111 | - |
| Financial income75/76B | - | €1 | €27 | €0 | €0 | - | - |
| Recurring financial income75 | - | €1 | €27 | €0 | €0 | - | - |
| Financial charges65/66B | - | €294 | €771 | €3,810 | €3,574 | €3,335 | ▼ 6.7% |
| Recurring financial charges65 | €19 | €294 | €771 | €3,810 | €3,574 | €3,335 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | -€1,206 | €5,358 | €1,105 | -€9,252 | -€10,279 | €776 | - |
| Income taxes67/77 | - | - | €641 | -€139 | - | - | - |
| Profit (loss) for the period9904 | -€1,206 | €5,358 | €464 | -€9,113 | -€10,279 | €776 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,206 | €5,358 | €464 | -€9,113 | -€10,279 | €776 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €24,226 | €52,606 | €188,193 | €173,180 | €162,280 | €153,336 | ▼ 5.5% |
| Fixed assets21/28 | €550 | €15,019 | €154,843 | €130,377 | €121,391 | €116,386 | ▼ 4.1% |
| Tangible fixed assets22/27 | €550 | €15,019 | €154,843 | €130,377 | €121,391 | €116,386 | ▼ 4.1% |
| Land and buildings22 | - | - | €143,881 | €124,611 | €120,191 | €115,771 | ▼ 3.7% |
| Furniture and vehicles24 | - | €15,019 | €10,962 | €5,766 | €1,200 | €615 | ▼ 48.7% |
| Current assets29/58 | €23,676 | €37,587 | €33,350 | €42,802 | €40,889 | €36,950 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €6,128 | €18,139 | €21,846 | €20,328 | €22,527 | €16,788 | ▼ 25.5% |
| Trade receivables40 | - | €18,122 | €21,810 | €20,274 | €19,456 | €11,718 | ▼ 39.8% |
| Other amounts receivable41 | - | €17 | €36 | €54 | €3,071 | €5,071 | ▲ 65.1% |
| Cash at bank and in hand54/58 | €17,549 | €18,666 | €9,830 | €20,685 | €17,185 | €19,096 | ▲ 11.1% |
| Deferred charges and accrued income490/1 | - | €782 | €1,674 | €1,790 | €1,178 | €1,065 | ▼ 9.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €24,226 | €52,606 | €188,193 | €173,180 | €162,280 | €153,336 | ▼ 5.5% |
| Equity10/15 | €1,794 | €7,152 | €7,616 | -€1,497 | -€11,775 | -€11,000 | ▲ 6.6% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€1,206 | €4,152 | €4,616 | -€4,497 | -€14,775 | -€14,000 | ▲ 5.2% |
| Amounts payable17/49 | €22,432 | €45,454 | €180,577 | €174,676 | €174,055 | €164,336 | ▼ 5.6% |
| Amounts payable after more than one year17 | - | €12,223 | €100,529 | €89,646 | €78,459 | €70,234 | ▼ 10.5% |
| Financial debts170/4 | - | €12,223 | €100,529 | €89,646 | €78,459 | €70,234 | ▼ 10.5% |
| Amounts payable within one year42/48 | €22,432 | €33,231 | €80,047 | €85,031 | €95,596 | €94,101 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €3,788 | €11,143 | €11,457 | €11,782 | €8,843 | ▼ 24.9% |
| Trade debts44 | €8,477 | €13,505 | €13,508 | €12,774 | €12,890 | €9,255 | ▼ 28.2% |
| Suppliers440/4 | - | €13,505 | €13,508 | €12,774 | €12,890 | €9,255 | ▼ 28.2% |
| Advances received on contracts in progress46 | - | €20 | €256 | €256 | - | - | - |
| Taxes, remuneration and social security45 | - | €3,531 | €4,108 | €5,342 | €2,063 | €2,098 | ▲ 1.7% |
| Taxes450/3 | - | €3,531 | €4,108 | €5,342 | €2,063 | €2,098 | ▲ 1.7% |
| Other amounts payable47/48 | - | €12,388 | €51,032 | €55,202 | €68,862 | €73,906 | ▲ 7.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,206 | €5,358 | €464 | -€9,113 | -€10,279 | €776 | - |
| + Depreciation and write-downs630 | €1,276 | €4,322 | €9,425 | €24,466 | €9,721 | €5,442 | ▼ 44.0% |
| Operating cash flow (approximation) | €70 | €9,680 | €9,889 | €15,353 | -€558 | €6,217 | - |
| Investment in fixed assets (approximation) | - | -€18,791 | -€149,248 | €0 | -€735 | -€437 | ▲ 40.5% |
| Change in cash | - | €1,117 | -€8,836 | €10,855 | -€3,500 | €1,911 | - |
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, 906 companies had the same profile as MULTI SERVICES CLEANING has now. Two years later, 89.4% were still going and 6.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
89.4%
was still going
4.1%
stopped otherwise
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MULTI SERVICES CLEANING itself: 1.3% 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 906 companies, not a prediction for MULTI SERVICES CLEANING. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00371889 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00352838 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00378704 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00420462 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20400979 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65600042 |