MULTICO
ActiveSummary
MULTICO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,486 and a net result of €204,241. Equity is shrinking by ~44.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.5% (low).
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Signals
This company filed its last 7 accounts on average 6 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 (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €216,784 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,631 | €3,295 | €2,792 | €2,624 | - | - |
| Other operating charges640/8 | €2,876 | €2,757 | €3,514 | €3,067 | €2,788 | ▼ 9.1% |
| Gross operating margin9900 | €1,246 | -€3,812 | -€5,564 | -€6,224 | €214,755 | ▲ 3,550% |
| Operating profit (loss)9901 | -€5,261 | -€9,864 | -€11,870 | -€11,915 | €211,967 | ▲ 1,879% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €73 | €10 | €69 | €70 | €149 | ▲ 114% |
| Recurring financial charges65 | €73 | €10 | €69 | €70 | €149 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | -€5,334 | -€9,874 | -€11,939 | -€11,985 | €211,818 | ▲ 1,867% |
| Income taxes67/77 | - | - | - | - | €7,577 | - |
| Profit (loss) for the period9904 | -€5,334 | -€9,874 | -€11,939 | -€11,985 | €204,241 | ▲ 1,804% |
| Profit (loss) for the period to be appropriated9905 | -€5,334 | -€9,874 | -€11,939 | -€11,985 | €204,241 | ▲ 1,804% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,002 | €98,692 | €95,851 | €93,288 | €310,399 | ▲ 233% |
| Fixed assets21/28 | €101,927 | €98,631 | €95,840 | €93,216 | - | - |
| Tangible fixed assets22/27 | €101,927 | €98,631 | €95,840 | €93,216 | - | - |
| Land and buildings22 | €101,087 | €98,464 | €95,840 | €93,216 | - | - |
| Plant, machinery and equipment23 | €839 | €168 | €0 | - | - | - |
| Furniture and vehicles24 | €0 | €0 | €0 | - | - | - |
| Current assets29/58 | €1,075 | €61 | €12 | €72 | €310,399 | ▲ 431,010% |
| Cash at bank and in hand54/58 | €1,075 | €61 | €12 | €72 | €310,399 | ▲ 431,010% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,002 | €98,692 | €95,851 | €93,288 | €310,399 | ▲ 233% |
| Equity10/15 | -€8,957 | -€18,831 | -€30,770 | -€42,755 | €161,486 | ▲ 478% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €11,347 | €11,347 | €11,347 | €11,347 | €87,118 | ▲ 668% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Tax-exempt reserves132 | €3,910 | €3,910 | €3,910 | €3,910 | €3,910 | = |
| Distributable reserves133 | - | - | - | - | €75,771 | - |
| Profit (loss) carried forward14 | -€94,672 | -€104,546 | -€116,485 | -€128,470 | - | - |
| Amounts payable17/49 | €111,959 | €117,523 | €126,621 | €136,043 | €148,913 | ▲ 9.5% |
| Amounts payable after more than one year17 | €111,959 | €117,523 | €126,452 | €132,651 | €139,762 | ▲ 5.4% |
| Other amounts payable178/9 | €111,959 | €117,523 | €126,452 | €132,651 | €139,762 | ▲ 5.4% |
| Amounts payable within one year42/48 | €0 | €0 | €169 | €3,392 | €9,151 | ▲ 170% |
| Trade debts44 | €0 | €0 | €169 | €3,392 | €1,574 | ▼ 53.6% |
| Suppliers440/4 | €0 | €0 | €169 | €3,392 | €1,574 | ▼ 53.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,577 | - |
| Taxes450/3 | - | - | - | - | €7,577 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,334 | -€9,874 | -€11,939 | -€11,985 | €204,241 | ▲ 1,804% |
| + Depreciation and write-downs630 | €3,631 | €3,295 | €2,792 | €2,624 | - | - |
| Operating cash flow (approximation) | -€1,703 | -€6,579 | -€9,147 | -€9,361 | €204,241 | ▲ 2,282% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€1,014 | -€49 | €61 | €310,327 | ▲ 512,838% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91141B0037/00G000 | Wallonia | 1,102 m² | 1 · 244 m² | 11.2 m · 3 fl. |
| 91034E0592/00G002 | Wallonia | 534 m² | - | - |
Linked by address, not proof of ownership
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.