Checked.be
Active
BE 0457.534.845Public limited company
MULTIBIS
Zonhoverweg 4 ·3600 Genk, Belgium· 30 yrs active
Sector: Other non-specialised retail sale
(47120)
Conclusion
MULTIBIS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €24k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 4023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €156k |
| Net result | €24k |
| Staff (FTE) | 29 |
| Better than sector | 20% |
Financial profile
58
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
43
Profitability
77
Solvency
13
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
43
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
69
2021
51
2022
2
2023
51
2024
43
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.81 (< 1.0)
-10
Quick ratio
Quick ratio 0.37 (< 0.6)
-5
Leverage
Debt/equity 9.82 (> 3.0)
-10
Profitability
ROE 15% (≥ 10%)
+10
Interest coverage
Interest coverage 3.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~15.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.2% | 36.1% | |
| Net result | €24k | €42k | |
| Equity | €156k | €441k | |
| Gross operating margin | €972k | €324k | |
| Staff costs | €723k | €340k |
€217k
-11.2%
21-25
€24k
-50.5%
21-25
€163k
-13.8%
21-25
€1.69M
-2.7%
21-25
€156k
+18.1%
21-25
€-175k
+23.6%
21-25
29
+38.1%
21-25
€723k
+21.7%
21-25
€102
-1.1%
21-25
€95k
-
21-25
€1.53M
-4.4%
21-25
€926k
+1.6%
21-25
€605k
-12.4%
21-25
0.81
+8.4%
21-25
0.37
+4.0%
21-25
9.2%
+21.4%
21-25
9.82
-19.1%
21-25
15.3%
-58.1%
21-25
1.4%
-49.2%
21-25
3.79
-10.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €217k | €245k | €88k | €122k | €38k |
| Net profit | €24k | €48k | €-113k | €40k | €6k |
| Cash flow | €163k | €189k | €27k | €88k | €22k |
| Staff costs | €723k | €594k | €501k | €440k | €329k |
| Income taxes | €102 | €103 | - | €0 | €938 |
| Dividends | - | - | €95k | - | - |
| Total assets | €1.69M | €1.73M | €1.76M | €1.95M | €566k |
| Equity | €156k | €132k | €84k | €291k | €252k |
| Debt | €1.53M | €1.60M | €1.68M | €1.65M | €314k |
| of which ≤ 1y | €926k | €911k | €910k | €786k | €294k |
| of which > 1y | €605k | €690k | €770k | €867k | €20k |
| Working capital | €-175k | €-230k | €-313k | €-90k | €228k |
| Employees (FTE) | 29.0 | 21.0 | 13.3 | 27.1 | 14.1 |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.81 | 0.75 | 0.66 | 0.89 | 1.78 |
| Quick ratio | 0.37 | 0.36 | 0.28 | 0.38 | 0.75 |
| Working capital ratio | -10.4% | -13.3% | -17.7% | -4.6% | 40.2% |
| Solvency | 9.2% | 7.6% | 4.7% | 15.0% | 44.5% |
| Debt / equity | 9.82 | 12.13 | 20.06 | 5.68 | 1.25 |
| Long-term debt ratio | 3.88 | 5.23 | 9.20 | 2.97 | 0.08 |
| Interest coverage | 3.79 | 4.22 | 1.44 | 3.52 | 2.54 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.4% | 2.8% | -6.4% | 2.0% | 1.1% |
| ROE | 15.3% | 36.6% | -134.7% | 13.6% | 2.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.69M | €1.73M | €1.76M | €1.95M | €566k |
| Fixed assets | 21/28 | €936k | €1.05M | €1.17M | €1.25M | €45k |
| Tangible fixed assets | 22/27 | €931k | €1.05M | €1.16M | €1.25M | €44k |
| Financial fixed assets | 28 | €5k | €5k | €5k | €1k | €1k |
| Current assets | 29/58 | €750k | €682k | €597k | €696k | €521k |
| Stocks & contracts in progress | 3 | €406k | €356k | €338k | €396k | €302k |
| Amounts receivable within one year | 40/41 | €284k | €270k | €218k | €268k | €27k |
| Cash & bank | 54/58 | €59k | €54k | €40k | €31k | €191k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.69M | €1.73M | €1.76M | €1.95M | €566k |
| Equity | 10/15 | €156k | €132k | €84k | €291k | €252k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €94k | €135k | €135k | €229k | €190k |
| Accumulated profits (losses) | 14 | - | €-64k | €-113k | - | - |
| Amounts payable | 17/49 | €1.53M | €1.60M | €1.68M | €1.65M | €314k |
| Amounts payable after one year | 17 | €605k | €690k | €770k | €867k | €20k |
| Amounts payable within one year | 42/48 | €926k | €911k | €910k | €786k | €294k |
| Trade debts payable within one year | 44 | €608k | €556k | €615k | €428k | €190k |
| Income statement | ||||||
| Gross operating margin | 9900 | €972k | €875k | €599k | €565k | €403k |
| Operating result | 9901 | €78k | €104k | €-51k | €74k | €22k |
| Financial income | 75 | €3k | €3k | €2 | €147 | €96 |
| Financial charges | 65 | €57k | €58k | €61k | €35k | €15k |
| Result before taxes | 9903 | €24k | €48k | €-113k | €40k | €7k |
| Income taxes | 67/77 | €102 | €103 | - | €0 | €938 |
| Net result for the period | 9904 | €24k | €48k | €-113k | €40k | €6k |
| Result to be appropriated | 9905 | €24k | €48k | €-113k | €40k | €6k |
Legal Structure
| NACE primary | Other non-specialised retail sale(47120) |
| Legal form | Public limited company(014) |
| Incorporation | 15-03-1996 |
| Status | Active |
| Postal code | 3600 |
Establishment units
Spar Winterslag
since 19962.076.191.661
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0002/00D159 | Flanders | 6,138 m² | 1 · 1,927 m² | 6.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €156k ▲18.1%
2 profitable years in a row build equity to €156k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Equity above €100kEq €132k ▲57.7%
Equity rises from €84k to €132k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
31-12
Financial
Weakest financial yearnet €-113k ▼385%
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
25-07
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.
Belgian State Gazette reading coverage
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Supermarkets47114Other non-specialised retail sale47120Retail trade471925211452121
Names & trade names
| Legal nameNL | MULTIBIS |
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