MULTICOR
ActiveMULTICOR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214k and a net result of €5k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-11
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.5 in 2024; short-term debt: 60.9% and cash: 3.5% of total assets), but 79.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.7%
Return on assets
0.5%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
12 d early
2022
51 d early
2021
2 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€214k▲ 2.3%
2024 · €209k
2018: €9k
2019: €-173
2020: €73k
2021: €106k
2022: €138k
2023: €176k
2024: €209k
2018 → 2025
Total assets
€1.03M▼ 0.5%
2024 · €1.04M
2018: €682k
2019: €795k
2020: €680k
2021: €898k
2022: €873k
2023: €966k
2024: €1.04M
2018 → 2025
Net result
€5k▼ 85.0%
2024 · €32k
2018: €1k
2019: €-9k
2020: €23k
2021: €33k
2022: €32k
2023: €38k
2024: €32k
2018 → 2025
Working capital
€332k▲ 5.0%
2024 · €316k
2018: €-29k
2019: €-6k
2020: €205k
2021: €173k
2022: €219k
2023: €221k
2024: €316k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€138k▲ 30.8%€176k▲ 27.8%€209k▲ 18.4%€214k▲ 2.3%
Operating result€58k-€62k▲ 8.1%€82k▲ 30.8%€74k▼ 9.5%€34k▼ 54.4%
Net result€33k-€32k▼ 0.5%€38k▲ 18.2%€32k▼ 15.7%€5k▼ 85.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€73k▼ 19.9%
Current assets
€962k▲ 1.3%
Equity and liabilities €1.03M
Equity
€214k▲ 2.3%
Debt
€821k▼ 1.2%
The debt ratio falls from 79.9% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €97k
Cash flow
€29k▼
2024 · €55k
Solvency
20.7%▲
2024 · 20.1%
Current ratio
1.53▲
2024 · 1.50
Quick ratio
0.30▲
2024 · 0.30
Debt / equity
3.84▼
2024 · 3.98
ROE
2.3%▼
2024 · 15.5%
ROA
0.5%▼
2024 · 3.1%
Interest coverage
2.07▼
2024 · 3.10
Debt
€821k▼
2024 · €831k
Debt ≤ 1 year
€630k▼
2024 · €633k
Debt > 1 year
€191k▼
2024 · €198k
Income taxes
€4k▼
2024 · €14k
Staff costs
€96k▲
2024 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€1.03M▼
Fixed assets21/28€91k€73k▼
Tangible fixed assets22/27€91k€73k▼
Land and buildings22€61k€52k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€20k€14k▼
Current assets29/58€949k€962k▲
Stocks and contracts in progress3€761k€772k▲
Stocks30/36€761k€772k▲
Amounts receivable within one year40/41€148k€152k▲
Trade receivables40€147k€109k▼
Other amounts receivable41€318€44k▲
Cash at bank and in hand54/58€37k€37k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.03M▼
Equity10/15€209k€214k▲
Contributions10/11€62k€62k=
Reserves13€146k€151k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€128k€133k▲
Amounts payable17/49€831k€821k▼
Amounts payable after more than one year17€198k€191k▼
Financial debts170/4€198k€191k▼
Amounts payable within one year42/48€633k€630k▼
Current portion of amounts payable after more than one year42€31k€28k▼
Financial debts43€390k€370k▼
Credit institutions430/8€390k€370k▼
Trade debts44€178k€162k▼
Suppliers440/4€178k€162k▼
Taxes, remuneration and social security45€35k€70k▲
Taxes450/3€22k€28k▲
Remuneration and social security454/9€12k€43k▲
Income statement
Code20242025
Remuneration, social security and pensions62€91k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€195k€160k▼
Operating profit (loss)9901€74k€34k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€31k€28k▼
Recurring financial charges65€31k€28k▼
Profit (loss) for the period before taxes9903€46k€9k▼
Income taxes67/77€14k€4k▼
Profit (loss) for the period9904€32k€5k▼
Profit (loss) for the period to be appropriated9905€32k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€5k▼
Transfer to equity691/2€32k€5k▼
To other reserves6921€32k€5k▼
Social balance
Average headcount (FTE)90871.81.8=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €200kEq €209k ▲18.4%
5 profitable years in a row build equity to €209k.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €38k ▲18.2%
Operating result €82k, net result €38k, both a record.
30-09
Financial
Equity above €150kEq €176k ▲27.8%
4 profitable years in a row build equity to €176k.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €100kEq €106k ▲44.8%
2 profitable years in a row build equity to €106k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-9k ▼803%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-03
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.
Directors · office · real estate
Directors
6 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
Registered office, Avelgem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Varent 58581 AvelgemGround area
3,095 m²
Building footprint
879 m²
Volume, LiDAR
4,685 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MULTICOR
since 20112.197.382.966
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0006/00T000 | Flanders | 1,692 m² | 1 · 709 m² | 7.4 m · 2 fl. |
| 34020A0143/00C000 | Flanders | 1,403 m² | 1 · 170 m² | 11.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,016 EUR awarded · 1,016 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 227 EUR | 227 EUR |
| 2023 | 1 | 789 EUR | 789 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,051 companies in sector 46341 we hold annual accounts for 535. 373 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2011
Fiscal year end30-09
Activities, NACEBEL
46341Wholesale of wines and spirits
47120Other non-specialised retail sale
47252Retail sale of beverages, general range
47910Retail trade
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.start2taste.be
E-mail:dimitri.bonte@gmail.com
E-mail:info@start2taste.be
Phone:0476417741