MULTI - VALUE
ActiveSummary
MULTI - VALUE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325,712 and a net result of €158,443. Equity is shrinking by ~24.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 32% of 1660 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+14
Solvency48▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.24 in 2024; short-term debt: 62% and cash: 7.4% of total assets), and 77.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
22.8%
Return on assets
11.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
1 d early
2022
4 d early
2021
86 d early
2020
2 d early
2019
1 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€325,712▲ 94.7%
2024 · €167,270
Total assets
€1.4m▲ 56.6%
2024 · €913,818
Net result
€158,443▲ 3,097%
2024 · €4,955
Working capital
€268,458▲ 71.4%
2024 · €156,644
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
Line20212022202320242025
Operating result€41,174€29,870▼ 27.5%€98,564▲ 230%€166,001▲ 68.4%€170,849▲ 2.9%
Net result€34,790€758,326▲ 2,080%€94,589▼ 87.5%€4,955▼ 94.8%€158,443▲ 3,097%
Equity€1.0m▼ 3.4%€380,906▼ 63.6%€362,314▼ 4.9%€167,270▼ 53.8%€325,712▲ 94.7%
Total assets€1.6m▲ 13.8%€623,956▼ 60.9%€554,971▼ 11.1%€913,818▲ 64.7%€1.4m▲ 56.6%
Debt€546,527▲ 73.1%€243,050▼ 55.5%€192,656▼ 20.7%€746,548▲ 288%€1.1m▲ 48.1%
Working capital€62,227▼ 78.4%€220,624▲ 255%€260,933▲ 18.3%€156,644▼ 40.0%€268,458▲ 71.4%
Staff (FTE)1.7▼ 29.2%2.4▲ 41.2%4.6▲ 91.7%7▲ 52.2%8.8▲ 25.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +3,097%, Equity +95%, Total assets +57% on 2024. Cause not known from the registers.
- 2024 Equity -54%, Total assets +65% on 2023. Cause not known from the registers.
- 2023 Net result -88% on 2022. Cause not known from the registers.
- 2022 Net result +2,080%, Equity -64%, Total assets -61% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€275,571 ▲ 185%
Current assets
€1.2m ▲ 41.4%
Equity and liabilities €1.4m
Equity
€325,712 ▲ 94.7%
Debt
€1.1m ▲ 48.1%
Debt's share of the balance-sheet total falls from 81.7% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€178,736▲
2024 · €172,748
Cash flow
€166,329▲
2024 · €11,703
Current ratio
1.30▲
2024 · 1.24
Debt to equity
3.39▼
2024 · 4.46
ROE
48.6%▲
2024 · 3.0%
ROA
11.1%▲
2024 · 0.5%
Interest coverage
12.24▼
2024 · 14.39
Debt ≤ 1 year
€887,134▲
2024 · €660,398
Income taxes
€7,998▲
2024 · €541
Staff costs
€942,683▲
2024 · €752,835
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 3,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,000 | €0 | - | - | €12,433 | - |
| Remuneration, social security and pensions62 | €130,922 | €179,694 | €291,666 | €752,835 | €942,683 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,091 | €221 | €2,318 | €6,748 | €7,886 | ▲ 16.9% |
| Other operating charges640/8 | €1,242 | €1,170 | €1,367 | €1,021 | €1,432 | ▲ 40.3% |
| Non-recurring operating charges66A | - | - | - | - | €49,000 | - |
| Gross operating margin9900 | €174,429 | €210,955 | €393,915 | €926,604 | €1.2m | ▲ 26.5% |
| Operating profit (loss)9901 | €41,174 | €29,870 | €98,564 | €166,001 | €170,849 | ▲ 2.9% |
| Financial income75/76B | €16 | €737,023 | €84 | €1,840 | €10,192 | ▲ 454% |
| Recurring financial income75 | €16 | €737,023 | €84 | €1,840 | €192 | ▼ 89.6% |
| Non-recurring financial income76B | - | - | - | - | €10,000 | - |
| Financial charges65/66B | €6,270 | €8,389 | €3,876 | €162,344 | €14,600 | ▼ 91.0% |
| Recurring financial charges65 | €6,270 | €8,389 | €3,876 | €12,001 | €14,600 | ▲ 21.7% |
| Non-recurring financial charges66B | - | - | - | €150,343 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €34,920 | €758,505 | €94,772 | €5,497 | €166,441 | ▲ 2,928% |
| Income taxes67/77 | €130 | €179 | €183 | €541 | €7,998 | ▲ 1,378% |
| Profit (loss) for the period9904 | €34,790 | €758,326 | €94,589 | €4,955 | €158,443 | ▲ 3,097% |
| Profit (loss) for the period to be appropriated9905 | €34,790 | €758,326 | €94,589 | €4,955 | €158,443 | ▲ 3,097% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €623,956 | €554,971 | €913,818 | €1.4m | ▲ 56.6% |
| Fixed assets21/28 | €1.0m | €208,460 | €110,358 | €96,776 | €275,571 | ▲ 185% |
| Intangible fixed assets21 | - | - | €13,241 | €8,480 | €197,517 | ▲ 2,229% |
| Tangible fixed assets22/27 | €0 | €1,109 | €2,888 | €4,029 | €7,129 | ▲ 77.0% |
| Plant, machinery and equipment23 | - | - | - | €1,722 | €3,050 | ▲ 77.1% |
| Furniture and vehicles24 | €0 | €1,109 | €2,888 | €2,306 | €4,078 | ▲ 76.8% |
| Financial fixed assets28 | €1.0m | €207,352 | €94,229 | €84,268 | €70,925 | ▼ 15.8% |
| Current assets29/58 | €583,420 | €415,495 | €444,613 | €817,042 | €1.2m | ▲ 41.4% |
| Amounts receivable within one year40/41 | €138,603 | €374,734 | €442,231 | €814,091 | €1.0m | ▲ 28.2% |
| Trade receivables40 | €138,603 | €356,278 | €381,330 | €732,524 | €1.0m | ▲ 41.8% |
| Other amounts receivable41 | €0 | €18,456 | €60,900 | €81,567 | €4,328 | ▼ 94.7% |
| Cash at bank and in hand54/58 | €442,790 | €38,314 | €7 | €190 | €106,386 | ▲ 56,011% |
| Deferred charges and accrued income490/1 | €2,027 | €2,447 | €2,375 | €2,761 | €5,795 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €623,956 | €554,971 | €913,818 | €1.4m | ▲ 56.6% |
| Equity10/15 | €1.0m | €380,906 | €362,314 | €167,270 | €325,712 | ▲ 94.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Revaluation surpluses12 | €916,777 | €113,181 | €0 | - | - | - |
| Reserves13 | €111,101 | €247,725 | €342,314 | €147,270 | €305,712 | ▲ 108% |
| Non-distributable reserves130/1 | €2,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €0 | - | - | - | - |
| Distributable reserves133 | €109,101 | €247,725 | €342,314 | €147,270 | €305,712 | ▲ 108% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €546,527 | €243,050 | €192,656 | €746,548 | €1.1m | ▲ 48.1% |
| Amounts payable within one year42/48 | €521,193 | €194,871 | €183,680 | €660,398 | €887,134 | ▲ 34.3% |
| Financial debts43 | - | - | €77,147 | €94,210 | €50,000 | ▼ 46.9% |
| Credit institutions430/8 | - | - | €77,147 | €94,210 | €50,000 | ▼ 46.9% |
| Trade debts44 | €10,439 | €52,594 | €52,758 | €105,474 | €514,329 | ▲ 388% |
| Suppliers440/4 | €10,439 | €52,594 | €52,758 | €105,474 | €514,329 | ▲ 388% |
| Advances received on contracts in progress46 | - | - | - | €102,500 | €2,500 | ▼ 97.6% |
| Taxes, remuneration and social security45 | €30,113 | €51,135 | €53,775 | €158,214 | €98,390 | ▼ 37.8% |
| Taxes450/3 | €13,088 | €27,224 | €17,990 | €44,802 | €18,779 | ▼ 58.1% |
| Remuneration and social security454/9 | €17,025 | €23,912 | €35,785 | €113,412 | €79,610 | ▼ 29.8% |
| Other amounts payable47/48 | €480,641 | €91,142 | €0 | €200,000 | €221,916 | ▲ 11.0% |
| Accrued charges and deferred income492/3 | €25,334 | €48,179 | €8,976 | €86,151 | €218,317 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,790 | €758,326 | €94,589 | €4,955 | €158,443 | ▲ 3,097% |
| + Depreciation and write-downs630 | €1,091 | €221 | €2,318 | €6,748 | €7,886 | ▲ 16.9% |
| Operating cash flow (approximation) | €35,880 | €758,547 | €96,907 | €11,703 | €166,329 | ▲ 1,321% |
| Investment in fixed assets (approximation) | - | €802,303 | €95,784 | €6,834 | -€186,681 | ▼ 2,832% |
| Change in cash | - | -€404,476 | -€38,307 | €182 | €106,196 | ▲ 58,106% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200,000Eq €325,712 ▲94.7%
5 profitable years in a row build equity to €325,712.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €758,326 ▲2,080%
Net result €758,326, the highest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €34,790
Net result €34,790 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€146,930
Net result drops to -€146,930, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1997
Ground area
1,888 m²
Building footprint
457 m²
Volume, LiDAR
23,820 m³
Parcel 11802B1460/00E000, Flanders · tallest building 79.3 m, ±23 floors. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
Molenbergstraat 10, 2000 Antwerpen
since 19972.103.086.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1460/00E000 | Flanders | 1,888 m² | 1 · 457 m² | 79.3 m · 23 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- MULTI-VALUE HOLDING
- MULTI - VALUE
Highest known parent: MULTI-VALUE HOLDING. The sources do not say who stands above it.
Owners 1
- MULTI-VALUE HOLDINGparent100%
Holdings 1
-
100%
According to the 2025 annual accounts of MULTI - VALUE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,322 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
Founded16-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
78100Employment placement agencies
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460867388
Also
9925:BE0460867388
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.