MULTIBAT CONSTRUCTION
InactiveMULTIBAT CONSTRUCTION was declared bankrupt on 30-01-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 21-10-2025, published in the Belgian State Gazette on 24-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 04-01-2022, 27 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
27 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€21,938▲ 170%
2020 · €8,117
Total assets
€83,665▼ 19.5%
2020 · €103,894
Net result
€68,821▼ 7.0%
2020 · €74,017
Working capital
€15,074
2020 · -€4,162
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
Line20202021
Operating result€72,264-€67,492▼ 6.6%
Net result€74,017-€68,821▼ 7.0%
Equity€8,117-€21,938▲ 170%
Total assets€103,894-€83,665▼ 19.5%
Debt€95,777-€61,727▼ 35.6%
Working capital-€4,162-€15,074
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 7% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €83,665
Fixed assets
€6,864 ▼ 44.1%
Current assets
€76,801 ▼ 16.2%
Equity and liabilities €83,665
Equity
€21,938 ▲ 170%
Debt
€61,727 ▼ 35.6%
Debt's share of the balance-sheet total falls from 92.2% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,907▼
2020 · €76,233
Cash flow
€74,236▼
2020 · €77,986
Current ratio
1.24▲
2020 · 0.96
ROE
313.7%▼
2020 · 911.9%
ROA
82.3%▲
2020 · 71.2%
Debt ≤ 1 year
€61,727▼
2020 · €95,777
Income taxes
€4,152▲
2020 · €1,964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,969 | €5,415 | ▲ 36.4% |
| Gross operating margin9900 | €76,286 | €75,590 | ▼ 0.9% |
| Operating profit (loss)9901 | €72,264 | €67,492 | ▼ 6.6% |
| Recurring financial income75 | €3,795 | €7,992 | ▲ 111% |
| Recurring financial charges65 | €78 | €2,511 | ▲ 3,119% |
| Profit (loss) for the period before taxes9903 | €75,981 | €72,973 | ▼ 4.0% |
| Income taxes67/77 | €1,964 | €4,152 | ▲ 111% |
| Profit (loss) for the period9904 | €74,017 | €68,821 | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €74,017 | €68,821 | ▼ 7.0% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €103,894 | €83,665 | ▼ 19.5% |
| Fixed assets21/28 | €12,279 | €6,864 | ▼ 44.1% |
| Tangible fixed assets22/27 | €12,279 | €6,864 | ▼ 44.1% |
| Current assets29/58 | €91,615 | €76,801 | ▼ 16.2% |
| Amounts receivable within one year40/41 | €91,105 | €76,650 | ▼ 15.9% |
| Current investments50/53 | €105 | - | - |
| Cash at bank and in hand54/58 | - | €151 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €103,894 | €83,665 | ▼ 19.5% |
| Equity10/15 | €8,117 | €21,938 | ▲ 170% |
| Contributions10/11 | €4,100 | €4,100 | = |
| Reserves13 | €410 | €410 | = |
| Profit (loss) carried forward14 | €3,607 | €17,428 | ▲ 383% |
| Amounts payable17/49 | €95,777 | €61,727 | ▼ 35.6% |
| Amounts payable within one year42/48 | €95,777 | €61,727 | ▼ 35.6% |
| Trade debts44 | €23,813 | €611 | ▼ 97.4% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €74,017 | €68,821 | ▼ 7.0% |
| + Depreciation and write-downs630 | €3,969 | €5,415 | ▲ 36.4% |
| Operating cash flow (approximation) | €77,986 | €74,236 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
2025
24-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 21-10-2025
2024
05-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 30-01-2024
2022
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
30-01-2024 → 21-10-2025 |