Result
The result rose in 2025: different schema filed.
The result rose in 2025: different schema filed.
The accounts state no turnover.
Debts rose by €261,509 in 2025.
Green is investment, beige is depreciation.
Latest accounts filed late: after the legal deadline.
Higher net result than 92% of companies in specialised construction. Sector median €26,691 · 9,959 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 54% of them on solvency, 57% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as MULTI TECHNICS SERVICES has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MULTI TECHNICS SERVICES itself: 0.4% within 12 months.
The method was tested on the 497,447 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 39,278 companies, not a prediction for MULTI TECHNICS SERVICES. 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.
Liquidity is ample, with a current ratio of 1.65 (1.63 in 2024), above the usual 1.5. Short-term debt is 50.3% and cash 28% of total assets. However, 50.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 46 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MULTI TECHNICS SERVICES Sint-Pieters-Leeuw | €863,748 | €460,364 | 49.4% | - |
| PVGPro Lokeren | €893,299 | €516,225 | 35.2% | - |
| ISOLEXPERTISE Kraainem | €800,029 | €266,730 | 12.4% | 3.8 |
| BENHOTCOOL Saint-Ghislain | €654,440 | €335,393 | 51.7% | - |
| MCV CONSTRUCT Sint-Pieters-Leeuw | €728,331 | €224,198 | 45.9% | - |
| BLOXI Berchem-Sainte-Agathe | €598,191 | €301,760 | 70.3% | 2.4 |
| JOËL KEUTGENS Plombières | €663,148 | €327,766 | 5.9% | - |
These companies have the same main activity as MULTI TECHNICS SERVICES: insulation installation (NACE 43230). They are comparable in size and age: total assets between €598,000 and €893,000, founded between 2021 and 2023.
MULTI TECHNICS SERVICES files the abbreviated format. That format states no turnover. The gross margin rose from €76,557 in 2023 to €460,364 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €1.0m and €1.5m.
Higher than 57% of 9,967 companies in 2025.
Higher than 47% of 9,830 companies in 2025.
Higher than 95% of 9,899 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
863,748 | 300,058 | 111,097 | |
21/28 |
145,399 | 26,647 | 30,697 | |
22/27 |
130,989 | 24,987 | 30,559 | |
24 |
130,989 | 24,987 | 30,559 | |
28 |
14,410 | 1,660 | 138 | |
29/58 |
718,349 | 273,410 | 80,400 | |
40/41 |
473,561 | 157,473 | 69,606 | |
40 |
249,191 | 95,921 | 59,260 | |
41 |
224,370 | 61,552 | 10,346 | |
54/58 |
242,222 | 115,938 | 9,284 | |
490/1 |
2,566 | - | 1,509 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
863,748 | 300,058 | 111,097 | |
10/15 |
426,866 | 124,685 | 52,967 | |
10/11 |
3,000 | 3,000 | 3,000 | |
10 |
3,000 | 3,000 | 3,000 | |
100 |
3,000 | 3,000 | 3,000 | |
14 |
423,866 | 121,685 | 49,967 | |
17/49 |
436,882 | 175,373 | 58,130 | |
17 |
2,739 | 8,004 | 12,995 | |
170/4 |
2,739 | 8,004 | 12,995 | |
42/48 |
434,143 | 167,369 | 45,136 | |
43 |
5,264 | 4,991 | 4,732 | |
430/8 |
5,264 | 4,991 | 4,732 | |
44 |
300,072 | 128,215 | 38,924 | |
440/4 |
300,072 | 128,215 | 21,311 | |
441 |
- | - | 17,613 | |
45 |
128,807 | 34,163 | 1,479 | |
450/3 |
115,020 | 32,064 | - | |
454/9 |
13,786 | 2,099 | 1,479 | |
| Income statement | ||||
9900 |
460,364 | 99,133 | 76,557 | |
62 |
45,150 | - | - | |
630 |
15,455 | 10,629 | 7,377 | |
640/8 |
972 | 1,184 | 1,048 | |
9901 |
398,787 | 87,320 | 68,132 | |
75/76B |
- | 0 | - | |
75 |
- | 0 | - | |
65/66B |
698 | 902 | 556 | |
65 |
698 | 902 | 556 | |
9903 |
398,089 | 86,418 | 67,576 | |
67/77 |
95,908 | 14,700 | 17,609 | |
9904 |
302,181 | 71,718 | 49,967 | |
9905 |
302,181 | 71,718 | 49,967 | |
| Appropriation of the result | ||||
9906 |
423,866 | 121,685 | 49,967 | |
14P |
121,685 | 49,967 | - | |
| Social balance sheet | ||||
9087 |
1 | - | - | |
Hours worked1013 |
1,241 | - | - | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-10-2026.
2025 annual accounts filed 74 days after the deadline. Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557328.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 414,242 | 97,949 | 75,509 | ||
| 317,635 | 82,347 | 57,344 | ||
| 134,206 | 6,657 | 38,075 | ||
| 126,285 | 106,653 | - | ||
| 284,206 | 106,041 | 35,264 | ||
| 49.4% | 41.6% | 47.7% | ||
| 1.65 | 1.63 | 1.78 | ||
| 1.02 | 1.41 | 1.10 | ||
| 70.8% | 57.5% | 94.3% | ||
| 35.0% | 23.9% | 45.0% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €121,456 | €5,057 | €36,927 |
| Intangible fixed assets | - | - | €1,009 |
| Financial fixed assets | €12,750 | €1,600 | €138 |
| €15,455 | €10,629 | €7,377 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 4.6 times that of 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 58.4% to 50.6%. Equity and debt are higher.
MULTI TECHNICS SERVICES has no parent and no holdings in its annual accounts. MOKKADEM Ismaïl is the only director.
| ZT GROUP via MOKKADEM Ismaïl, no longer at ZT GROUP · Director · deed of 15-02-2023 founded in 2023 |
total assets €13,047 (2025) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 September 2022, MULTI TECHNICS SERVICES was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office moved to Dilbeek in 2022 and to Sint-Pieters-Leeuw in 2024.34 MOKKADEM Ismaïl is director of the company, appointed by deed of 03-10-2022.2 Total assets went from €111,097 in 2023 to €863,748 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Groot-Bijgaardenstraat 65 registered office 1600 Sint-Pieters-Leeuw | ||
| Establishment unit | 04-10-2022 | 2.337.141.457 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23077A0164/00R002 | 1,041 m² | 1 · 765 m² | 6.7 m · 2 |
| 23016D0063/00W002 | 300 m² | 1 · 299 m² | 12.6 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0791.622.344
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