Equity
€49,699 from €317,678 in 2012
Equity fell by 84% in 13 years.
MULTICLIMA-FERLIN
Lifetime
19 annual accounts with figures on one time axis, 37 filings since 1988peak €2.1m (2017)
€169▼ 99.0%
lowest -€206,748 (2013)
-€3,357▲ €897
peak €317,678 (2012)
€49,699▼ 6.3%
€64,580▲ 1.0%
peak 29.2 FTE (2014)
-not published
Board4 names since 2008
2 directorsSystebo and 1 other
Owners2 names in the annual accounts
50%JVCONSULT
Documentsfilings and deeds
18-12-202544 days before the deadline
2025micro format
Gross margin from €16,446 to €169Loss of €3,357
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 26% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.1%▼ -0.3 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
lowers risk
Size: total assets €126,279
Founded in 1988
No main activity registered
Figures for financial year 2025 (filed on 18-12-2025)
Calculation
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 (no NACE code, micro). It does better than 38% of them on solvency, 15% on liquidity, 21% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as MULTICLIMA-FERLIN has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MULTICLIMA-FERLIN itself: 0.2% within 12 months.
Test of the method
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 12,322 companies, not a prediction for MULTICLIMA-FERLIN. 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.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (0.71 in 2024), below 1. Short-term debt is 51.1% and cash 2.8% of total assets. 60.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€3,357
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
44 days early
2023
7 days early
2022
22 days early
2021
24 days late
2020
4 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 14 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 9 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0433327506
2 directors appointed, 2 managers resigning
Resignations: Logghe Filip (manager) and Vansteelandt Johan (manager) · Appointments: JVCONSULT (director) and SYSTEBO (director) · Permanent representatives: Vansteelandt Johan and Logghe Filip · General meeting of 22-11-2023 · Gazette deed
First establishment
MULTICLIMA, Terluchtestraat 42, Oostkamp
Incorporation
published on 02-03-1988 · Gazette deed
Official details
Source: KBO- Status
- Active since 12-02-1988Normal situation
- Activity
- Plumbing workNACE 43221and 3 others
- Joint committee
- 124Construction · annual accounts 30-06-2025
- Establishment unit
- 2.035.720.6878020 Oostkamp, since 10-03-1988
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-06-2025
- €126,279▼ 2.1%
- Filing
- Filed on 18-12-2025, 44 days before the end of the filing period
Insights on MULTICLIMA-FERLIN
MULTICLIMA-FERLIN files the micro format. That format states no turnover. The gross margin fell from €81,975 in 2006 to €169 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MULTICLIMA-FERLIN
- What is the company number of MULTICLIMA-FERLIN?
- The company number of MULTICLIMA-FERLIN is 0433.327.506. The VAT number is the same number with BE in front: BE 0433.327.506.
- Where is MULTICLIMA-FERLIN based?
- The registered office is at Terluchtestraat 42, 8020 Oostkamp.Company details
- What is the legal form of MULTICLIMA-FERLIN?
- MULTICLIMA-FERLIN is a private limited company (BV).
- When was MULTICLIMA-FERLIN founded?
- MULTICLIMA-FERLIN was founded on 12-02-1988.
- Is MULTICLIMA-FERLIN still active?
- Yes, MULTICLIMA-FERLIN is an active enterprise in the KBO register.
- How many employees does MULTICLIMA-FERLIN have?
- MULTICLIMA-FERLIN had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does MULTICLIMA-FERLIN fall under?
- In its 30-06-2025 annual accounts, MULTICLIMA-FERLIN states joint committee 124 (Construction).
- What is the turnover of MULTICLIMA-FERLIN?
- The turnover in financial year 2025 is ≈ €1,300. This figure is estimated from the gross margin of €169 and 6,297 comparable companies of the same size. It probably lies between €590 and €3,100. It is a rough estimate.
- Is MULTICLIMA-FERLIN profitable?
- In financial year 2025, MULTICLIMA-FERLIN made a loss of €3,357.
- Where can I find the annual accounts of MULTICLIMA-FERLIN?
- MULTICLIMA-FERLIN filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MULTICLIMA-FERLIN due?
- MULTICLIMA-FERLIN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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