MULTICOMPANY A. EN E.
ActiveSummary
MULTICOMPANY A. EN E. has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.1m) and a net result of -€124,270. Equity is shrinking by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.18 in 2024; short-term debt: 24.5% and cash: 1.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-81%
Return on assets
-9.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
23 d early
2020
27 d late
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Maasmechelen, Accommodation and food service sector#9 oldest company in Maasmechelen, Accommodation and food service sector
Equity
-€1.1m▼ 13.2%
2024 · -€939,805
Total assets
€1.3m▼ 10.0%
2024 · €1.5m
Net result
-€124,270▼ 15.5%
2024 · -€107,638
Working capital
-€275,262▼ 72.6%
2024 · -€159,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€108,546▼ 13.8%-€146,206▼ 34.7%-€91,047▲ 37.7%-€55,387▲ 39.2%-€89,225▼ 61.1%
Net result-€158,572below the sector's middle half▼ 18.1%-€207,749below the sector's middle half▼ 31.0%-€159,804below the sector's middle half▲ 23.1%-€107,638below the sector's middle half▲ 32.6%-€124,270below the sector's middle half▼ 15.5%
Equity-€464,613below the sector's middle half▼ 51.8%-€672,362below the sector's middle half▼ 44.7%-€832,166below the sector's middle half▼ 23.8%-€939,805below the sector's middle half▼ 12.9%-€1.1mbelow the sector's middle half▼ 13.2%
Total assets€2.0mwithin the sector's middle half▼ 6.6%€1.8mwithin the sector's middle half▼ 10.3%€1.6mwithin the sector's middle half▼ 8.6%€1.5mwithin the sector's middle half▼ 10.1%€1.3mwithin the sector's middle half▼ 10.0%
Debt€2.4m▲ 0.7%€2.4m▲ 0.2%€2.5m▲ 0.3%€2.4m▼ 2.3%€2.4m▼ 0.9%
Working capital-€446,513below the sector's middle half▼ 29.3%-€655,171below the sector's middle half▼ 46.7%-€186,915within the sector's middle half▲ 71.5%-€159,461within the sector's middle half▲ 14.7%-€275,262below the sector's middle half▼ 72.6%
Solvency-23.5%below the sector's middle half▼ 9.0pp-37.9%below the sector's middle half▼ 14.4pp-51.3%below the sector's middle half▼ 13.4pp-64.4%below the sector's middle half▼ 13.1pp-81.0%below the sector's middle half▼ 16.6pp
Current ratio0.16below the sector's middle half=0.05below the sector's middle half▼ 0.110.17below the sector's middle half▲ 0.120.18below the sector's middle half▲ 0.010.14below the sector's middle half▼ 0.04
Return on assets (ROA)-8.0%below the sector's middle half▼ 1.7pp-11.7%below the sector's middle half▼ 3.7pp-9.8%below the sector's middle half▲ 1.9pp-7.4%below the sector's middle half▲ 2.5pp-9.5%below the sector's middle half▼ 2.1pp
Staff (FTE)4.6within the sector's middle half▲ 7.0%5.4within the sector's middle half▲ 17.4%4.8within the sector's middle half▼ 11.1%4.2within the sector's middle half▼ 12.5%4.8within the sector's middle half▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €89,225 in 2025 against €55,387 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.3m ▼ 11.0%
Current assets
€46,588 ▲ 32.4%
Key figures and ratios
EBITDA
€67,574▼
2024 · €103,746
Cash flow
€32,529▼
2024 · €51,494
Quick ratio
0.12▼
2024 · 0.14
Debt to equity
-2.24▲
2024 · -2.55
Interest coverage
1.92▲
2024 · 1.88
Debt ≤ 1 year
€321,850▲
2024 · €194,659
Debt > 1 year
€2.1m▼
2024 · €2.2m
Staff costs
€216,879▲
2024 · €202,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 2,795 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €135,307 | €208,448 | €204,609 | €202,243 | €216,879 | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €160,693 | €159,292 | €160,811 | €159,133 | €156,799 | ▼ 1.5% |
| Other operating charges640/8 | €8,359 | €9,575 | €13,672 | €9,338 | €14,132 | ▲ 51.3% |
| Gross operating margin9900 | €195,813 | €231,109 | €288,046 | €315,327 | €298,585 | ▼ 5.3% |
| Operating profit (loss)9901 | -€108,546 | -€146,206 | -€91,047 | -€55,387 | -€89,225 | ▼ 61.1% |
| Financial income75/76B | €69 | €926 | €191 | €2,837 | €125 | ▼ 95.6% |
| Recurring financial income75 | €69 | €926 | €191 | €2,837 | €125 | ▼ 95.6% |
| Financial charges65/66B | €50,095 | €62,469 | €68,949 | €55,088 | €35,170 | ▼ 36.2% |
| Recurring financial charges65 | €50,095 | €62,469 | €68,949 | €55,088 | €35,170 | ▼ 36.2% |
| Profit (loss) for the period before taxes9903 | -€158,572 | -€207,749 | -€159,804 | -€107,638 | -€124,270 | ▼ 15.5% |
| Profit (loss) for the period9904 | -€158,572 | -€207,749 | -€159,804 | -€107,638 | -€124,270 | ▼ 15.5% |
| Profit (loss) for the period to be appropriated9905 | -€158,572 | -€207,749 | -€159,804 | -€107,638 | -€124,270 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.8m | €1.6m | €1.5m | €1.3m | ▼ 10.0% |
| Fixed assets21/28 | €1.9m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 11.0% |
| Tangible fixed assets22/27 | €1.9m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 11.0% |
| Land and buildings22 | €1.9m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 10.9% |
| Plant, machinery and equipment23 | €13,726 | €13,276 | €11,154 | €8,214 | €6,022 | ▼ 26.7% |
| Furniture and vehicles24 | €1,957 | €5,727 | €4,891 | €2,708 | €2,109 | ▼ 22.1% |
| Financial fixed assets28 | €790 | €790 | €790 | €790 | €542 | ▼ 31.4% |
| Current assets29/58 | €86,976 | €34,758 | €39,299 | €35,198 | €46,588 | ▲ 32.4% |
| Stocks and contracts in progress3 | €5,589 | €5,927 | €5,589 | €8,222 | €7,546 | ▼ 8.2% |
| Stocks30/36 | €5,589 | €5,927 | €5,589 | €8,222 | €7,546 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €33,272 | €14,705 | €11,581 | €9,897 | €21,183 | ▲ 114% |
| Trade receivables40 | €8,119 | €5,682 | €4,684 | €5,881 | €12,557 | ▲ 114% |
| Other amounts receivable41 | €25,153 | €9,023 | €6,897 | €4,016 | €8,626 | ▲ 115% |
| Cash at bank and in hand54/58 | €45,051 | €14,126 | €22,130 | €17,079 | €13,861 | ▼ 18.8% |
| Deferred charges and accrued income490/1 | €3,065 | - | - | - | €3,998 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.8m | €1.6m | €1.5m | €1.3m | ▼ 10.0% |
| Equity10/15 | -€464,613 | -€672,362 | -€832,166 | -€939,805 | -€1.1m | ▼ 13.2% |
| Contributions10/11 | €418,592 | €418,592 | €418,592 | €418,592 | €418,592 | = |
| Profit (loss) carried forward14 | -€883,205 | -€1.1m | -€1.3m | -€1.4m | -€1.5m | ▼ 9.1% |
| Amounts payable17/49 | €2.4m | €2.4m | €2.5m | €2.4m | €2.4m | ▼ 0.9% |
| Amounts payable after more than one year17 | €1.9m | €1.8m | €2.2m | €2.2m | €2.1m | ▼ 6.8% |
| Financial debts170/4 | €1.7m | €1.5m | €1.4m | €1.2m | €1.1m | ▼ 12.4% |
| Other amounts payable178/9 | €245,000 | €245,000 | €864,059 | €992,306 | €992,058 | = |
| Amounts payable within one year42/48 | €533,489 | €689,929 | €226,214 | €194,659 | €321,850 | ▲ 65.3% |
| Current portion of amounts payable after more than one year42 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Trade debts44 | €25,892 | €38,701 | €32,316 | €15,816 | €37,113 | ▲ 135% |
| Suppliers440/4 | €25,892 | €38,701 | €32,316 | €15,816 | €37,113 | ▲ 135% |
| Advances received on contracts in progress46 | - | - | - | - | €1,008 | - |
| Taxes, remuneration and social security45 | €14,431 | €19,754 | €43,898 | €21,448 | €24,104 | ▲ 12.4% |
| Taxes450/3 | €4,469 | €4,255 | €13,411 | €8,166 | €538 | ▼ 93.4% |
| Remuneration and social security454/9 | €9,962 | €15,499 | €30,487 | €13,283 | €23,567 | ▲ 77.4% |
| Other amounts payable47/48 | €343,166 | €481,474 | - | €7,395 | €109,624 | ▲ 1,382% |
| Accrued charges and deferred income492/3 | €3,670 | €944 | €2,704 | €417 | €2,087 | ▲ 401% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€158,572 | -€207,749 | -€159,804 | -€107,638 | -€124,270 | ▼ 15.5% |
| + Depreciation and write-downs630 | €160,693 | €159,292 | €160,811 | €159,133 | €156,799 | ▼ 1.5% |
| Operating cash flow (approximation) | €2,121 | -€48,457 | €1,007 | €51,494 | €32,529 | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | -€7,475 | -€3,570 | €0 | €248 | - |
| Change in cash | - | -€30,925 | €8,003 | -€5,050 | -€3,218 | ▲ 36.3% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
01-07
State Gazette act
Appointment: Alterego Group (director)Permanent representative: Serge Brans · Shareholding4 facts ▸
State Gazette act
Appointment: Alterego Group (director)
Permanent representative: Serge Brans · Shareholding4 facts ▸
- General meeting, 08-06-2026
- Shareholding, 100
- Director appointment, Alterego Group (director)
- Permanent representative, Serge Brans (director)
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 72 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
State Gazette actNBB filing
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
Alterego Group
CurrentDirector · since 08-06-2026 · Private limited company · perm. rep.: Serge Brans
Permanent representatives 1
Serge Brans
CurrentPermanent representative · since 08-06-2026 · for Alterego Group
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 1998
Ground area
3,207 m²
Building footprint
1,189 m²
Volume, LiDAR
3,958 m³
Parcel 73008A1456/00E000, Flanders · tallest building 23.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Molenveldstraat(B) 7, 3631 Maasmechelen
since 19982.088.477.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73008A1456/00E000 | Flanders | 3,207 m² | 1 · 1,188 m² | 23.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Alterego Group |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 01-07-2026 ↗
- Mulderij Gerrit 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaasmechelen2.088.477.405
Similar companies · same sector, comparable size
Edville Home
BE 0442.024.644
Merelbeke-Melle · FTE 4.8
Appart-Hotel Corbie Geel
BE 0456.275.132
Geel · FTE 4.8
AXIS ACCOMMODATIONS & SERVICES
BE 0453.100.757
Leuven · FTE 4.9
Hotel Biskajer Brugge
BE 0791.611.159
Brugge · FTE 4.9
Renovest
BE 0644.661.406
De Haan · FTE 4.7
Of 2,393 companies in sector 55100 we hold annual accounts for 1,518. 593 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.