Skip to content

MULTI WINDOWS

Active
Private limited companyfounded 2024active for 2 yearsSchatting 20A, 8210 Zedelgem, BelgiumKBO/BCE: BE 1015.270.690
Summary

The computed 12-month bankruptcy probability of MULTI WINDOWS is 1.9% (moderate). The 2025 annual accounts show equity of €29,246 and a net result of €27,246. Its solvency ranks better than 18% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€185,948total assets 2025
Equity
€29,246
Profit
€27,246
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
2025 accounts filed 27 days late
Why 53raises riskFounded in 20241 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 01-09-2026)Liquidity: current ratio 1.22, cash €36,222Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 38% of its sector peers (NACE 43, micro)
Financial strength
Average
Solvency 41
equity 15.7% of total assets
Liquidity 35
short-term debt 72.4% · cash 19.5%
Profitability 87
return on assets 14.7%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,640 companies, NACE 43, micro)
Last 24 months 11-2025: 1.9% 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 2.0%▲ +0.1 percentage points vs 12-2025 02-2026: 2.3%▲ +0.3 percentage points vs 01-2026 03-2026: 2.4%▲ +0.1 percentage points vs 02-2026 04-2026: 2.7%▲ +0.3 percentage points vs 03-2026 05-2026: 3.0%▲ +0.3 percentage points vs 04-2026 06-2026: 3.0%● unchanged vs 05-2026 07-2026: 2.9%▼ -0.1 percentage points vs 06-2026 08-2026: 5.1%▲ +2.2 percentage points vs 07-2026highest value 09-2026: 1.9%▼ -3.2 percentage points vs 08-2026lowest value 10-2026: 1.9%● unchanged vs 09-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.22, below the usual 1.5; short-term debt: 72.4% and cash: 19.5% of total assets), and 84.3% 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 18% on solvency, 24% on liquidity and 72% on profitability.

The bankruptcy probability was computed on 26-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 01-09-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.22, cash €36,222
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 34728 sector peers (2025).
NBB · sector comparison
Position among 34728 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 1 filing
Deviation from the deadline
2025
27 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered office clause · Registered-office…
  3. IncorporationAppointment: Bolliou Lawrence (director) ·…

Financials · financial year 2025, micro format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00476713.

Equity
€29,246
Total assets
€185,948
Net result
€27,246
Working capital
€29,635

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €185,948
Fixed assets €21,776
Current assets €164,172
Equity and liabilities €185,948
Equity €29,246
Debt €156,702
Debt finances 84.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€37,780
Cash flow
€29,468
Current ratio
1.22
Quick ratio
0.98
Debt to equity
5.36
ROE
93.2%
ROA
14.7%
Interest coverage
27.41
Debt ≤ 1 year
€134,537
Debt > 1 year
€13,165
Income taxes
€6,969

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,445 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% 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%

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 7,976 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 · 2025 · 47 lines
Balance sheet Code2025
Assets
Total assets20/58€185,948
Fixed assets21/28€21,776
Tangible fixed assets22/27€21,776
Plant, machinery and equipment23€1,905
Furniture and vehicles24€19,871
Current assets29/58€164,172
Stocks and contracts in progress3€31,945
Stocks30/36€11,415
Contracts in progress37€20,530
Amounts receivable within one year40/41€96,005
Trade receivables40€73,525
Other amounts receivable41€22,480
Cash at bank and in hand54/58€36,222
Equity and liabilities
Total equity and liabilities10/49€185,948
Equity10/15€29,246
Contributions10/11€2,000
Reserves13€27,000
Distributable reserves133€27,000
Profit (loss) carried forward14€246
Amounts payable17/49€156,702
Amounts payable after more than one year17€13,165
Financial debts170/4€13,165
Amounts payable within one year42/48€134,537
Current portion of amounts payable after more than one year42€8,486
Financial debts43€50,000
Credit institutions430/8€50,000
Trade debts44€52,531
Suppliers440/4€52,531
Taxes, remuneration and social security45€22,972
Taxes450/3€22,972
Other amounts payable47/48€548
Accrued charges and deferred income492/3€9,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,222
Other operating charges640/8€1,573
Gross operating margin9900€39,353
Operating profit (loss)9901€35,559
Financial income75/76B€35
Recurring financial income75€35
Financial charges65/66B€1,379
Recurring financial charges65€1,379
Profit (loss) for the period before taxes9903€34,215
Income taxes67/77€6,969
Profit (loss) for the period9904€27,246
Profit (loss) for the period to be appropriated9905€27,246
Appropriation of the result
Profit (loss) to be appropriated9906€27,246
Transfer to equity691/2€27,000
To other reserves6921€27,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,222
Other operating charges640/8€1,573
Gross operating margin9900€39,353
Operating profit (loss)9901€35,559
Financial income75/76B€35
Recurring financial income75€35
Financial charges65/66B€1,379
Recurring financial charges65€1,379
Profit (loss) for the period before taxes9903€34,215
Income taxes67/77€6,969
Profit (loss) for the period9904€27,246
Profit (loss) for the period to be appropriated9905€27,246
Line2025
Assets
Total assets20/58€185,948
Fixed assets21/28€21,776
Tangible fixed assets22/27€21,776
Plant, machinery and equipment23€1,905
Furniture and vehicles24€19,871
Current assets29/58€164,172
Stocks and contracts in progress3€31,945
Stocks30/36€11,415
Contracts in progress37€20,530
Amounts receivable within one year40/41€96,005
Trade receivables40€73,525
Other amounts receivable41€22,480
Cash at bank and in hand54/58€36,222
Equity and liabilities
Total equity and liabilities10/49€185,948
Equity10/15€29,246
Contributions10/11€2,000
Reserves13€27,000
Distributable reserves133€27,000
Profit (loss) carried forward14€246
Amounts payable17/49€156,702
Amounts payable after more than one year17€13,165
Financial debts170/4€13,165
Amounts payable within one year42/48€134,537
Current portion of amounts payable after more than one year42€8,486
Financial debts43€50,000
Credit institutions430/8€50,000
Trade debts44€52,531
Suppliers440/4€52,531
Taxes, remuneration and social security45€22,972
Taxes450/3€22,972
Other amounts payable47/48€548
Accrued charges and deferred income492/3€9,000
Line2025
Profit (loss) for the period9904€27,246
+ Depreciation and write-downs630€2,222
Operating cash flow (approximation)€29,468

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 (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-08-2026 2026-00476713

Similar companies · same sector, comparable size

Of the 19,856 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,273. 6,886 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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

Directors

Directors
1 director, no change since 2024
Bolliou Lawrence
Director (not named in the articles) · since 22-10-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Bolliou Lawrence
  • Director (not named in the articles), from 22-10-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 22-10-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 22-10-2024 Incorporation · €2,000 · 20 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

MULTI WINDOWS was incorporated on 18 October 2024 as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office was moved to Zedelgem in 2026.3 Since 2024, Bolliou Lawrence has served as director of the company.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-10-2024
  3. 3Belgian Official Gazette, 31-07-2026

Acts, filings and financial milestones

2026
27-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 27 days late
31-07
Gazette deed Registered office
Registered office clause · Registered-office move3 facts ▸
  • Registered office clause, “Schatting 72, 8210 Zedelgem” (deed in Dutch)
  • Board meeting, 12-01-2026
  • Registered-office move, Schatting 20A, 8210 Zedelgem
2024
22-10
Gazette deed Incorporation
Appointment: Bolliou Lawrence (director) · Founder · Founding capital5 facts ▸
  • Incorporation, 09-10-2024
  • Founder, Bolliou Lawrence
  • Founding capital, €2,000
  • Bank account, “bijzondere rekening, vennootschap in oprichting” (deed in Dutch)
  • Director appointment, Bolliou Lawrence (director (not named in the articles))
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded18-10-2024
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
25510Coating of metals
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015270690
Also 9925:BE1015270690
Registered 12-01-2026

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

Register as of 27 October 2026 · Peppol Directory

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

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, with enterprise number 1015.270.690

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

Sites & property

Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,815 m²
Building footprint
291 m²
Parcel 31040D0568/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
MULTI WINDOWS
Schatting 20A, 8210 ZedelgemManufacture of fabricated metal products, except machinery and equipment
since 2024unit no. 2.365.717.756
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31040D0568/00D000 Flanders 1,815 m² 1 · 291 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Onderneming voor metaalconstructies in de meest ruime zin; Onderneming voor metaalschrijnwerk in de meest ruime zin; Het maken van alle…” (deed in Dutch)
18 activities (deed in Dutch)
  1. Onderneming voor metaalconstructies in de meest ruime zin;
  2. Onderneming voor metaalschrijnwerk in de meest ruime zin;
  3. Het maken van alle metalen constructies voor gebouwen,ramen,deuren,vensters,trappen,leuningen,hekken,poorten,wisselstukken,etc;
  4. Montage,restaureren en herstellen van buiten- en binnenschrijnwerk van hout of van kunststof of van staal;deuren,vensters,trappen,muurkasten,inbouwkeukens,winkelinrichting;
  5. De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,etc in metaal;
  6. Aan- en verkoop,groot- en kleinhandel in metalen en aanverwante producten;
  7. Aan- en verkoop,groot- en kleinhandel van ramen en deuren en aanverwante producten in alle soorten materialen;
  8. Het vervaardigen van smeedijzerwerk en aanverwante producten in de meeste ruime zin;
  9. Oppervlaktebehandelingen van metalen;
  10. Verspannend bewerken van metalen;
  11. Vervaardiging van allerhande metalen toestellen en machines;
  12. Uitbating van een lakkerij,poederlakkerij;
  13. Het aanleggen,het oordeelkundig uitbouwen en behoren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten;
  14. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer van materieel en uitrusting en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
  15. Het verwerven en aanhouden van participaties,in eerder welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- en immobiliënvennootschappen of ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en ondernemingen;
  16. Het beleggen,het intekenen op,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere onroerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi) publiekrechtelijk statuut,enzovoort voor eigen rekening;
  17. Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuursfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf doet.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de klant;
  18. Het toestaan van leningen en verstrekken van waarborgen,zowel aan derden als aan verbonden ondernemingen.De vennootschap mag al deze verrichtingen uitvoeren in België of in het buitenland,voor eigen rekening of voor rekening van derden,alles in de meest uitgebreide zin.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MULTI WINDOWS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, Schatting 72,8210 Zedelgem” (deed in Dutch)

deed of 22-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, benoemd met of zonder beperking van duur” (deed in Dutch)
1 more provision on this in the deed

deed of 22-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Monday of June at 19:00

deed of 22-10-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 22-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur alsook vertegenwoordiging wat dat bestuur aangaat, dagelijks bestuur” (deed in Dutch)
Other provision: “Jaarlijkse nettowinst, Bestemming van de winst-reserves” (deed in Dutch)
Liquidation distribution: “Bij niet-volgestorte aandelen herstelling evenwicht door bijkomende volstorting of voorafgaandelijke terugbetalingen aan meer volgestorte…” (deed in Dutch)

deed of 22-10-2024