MULTIFISCAAL
ActiveSummary
MULTIFISCAAL has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €24k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 12.56 against 14.62 in 2024; short-term debt: 7.8% and cash: 47.7% of total assets), and 7.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
92.2%
Return on assets
17.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
1 d late
2023
6 d late
2022
40 d early
2021
23 d late
2020
18 d late
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 19.9%
2024 · €102k
2018: €28klowest in 8 years
2019: €31k▲ +12.7% vs 2018
2020: €33k▲ +5.6% vs 2019
2021: €38k▲ +14.2% vs 2020
2022: €53k▲ +40.8% vs 2021
2023: €72k▲ +36.3% vs 2022
2024: €102k▲ +41.0% vs 2023
2025: €122k▲ +19.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€133k▲ 21.5%
2024 · €109k
2018: €33klowest in 8 years
2019: €41k▲ +23.1% vs 2018
2020: €37k▼ -9.7% vs 2019
2021: €52k▲ +41.7% vs 2020
2022: €58k▲ +12.9% vs 2021
2023: €79k▲ +35.3% vs 2022
2024: €109k▲ +37.9% vs 2023
2025: €133k▲ +21.5% vs 2024highest in 8 years
2018 → 2025
Net result
€24k▼ 20.3%
2024 · €30k
2018: €-127lowest in 8 years
2019: €4k▲ +2864% vs 2018
2020: €2k▼ -50.1% vs 2019
2021: €5k▲ +167% vs 2020
2022: €15k▲ +228% vs 2021
2023: €19k▲ +25.5% vs 2022
2024: €30k▲ +53.8% vs 2023highest in 8 years
2025: €24k▼ -20.3% vs 2024
2018 → 2025
Working capital
€120k▲ 21.7%
2024 · €99k
2018: €25klowest in 8 years
2019: €25k▲ +1.4% vs 2018
2020: €29k▲ +14.2% vs 2019
2021: €33k▲ +12.4% vs 2020
2022: €50k▲ +53.2% vs 2021
2023: €69k▲ +38.6% vs 2022
2024: €99k▲ +43.0% vs 2023
2025: €120k▲ +21.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€53k▲ 40.8%€72k▲ 36.3%€102k▲ 41.0%€122k▲ 19.9%
2021: €38klowest in 5 years
2022: €53k▲ +40.8% vs 2021
2023: €72k▲ +36.3% vs 2022
2024: €102k▲ +41.0% vs 2023
2025: €122k▲ +19.9% vs 2024highest in 5 years
Operating result€8k-€23k▲ 197%€27k▲ 14.3%€42k▲ 55.9%€34k▼ 18.4%
2021: €8klowest in 5 years
2022: €23k▲ +197% vs 2021
2023: €27k▲ +14.3% vs 2022
2024: €42k▲ +55.9% vs 2023highest in 5 years
2025: €34k▼ -18.4% vs 2024
Net result€5k-€15k▲ 228%€19k▲ 25.5%€30k▲ 53.8%€24k▼ 20.3%
2021: €5klowest in 5 years
2022: €15k▲ +228% vs 2021
2023: €19k▲ +25.5% vs 2022
2024: €30k▲ +53.8% vs 2023highest in 5 years
2025: €24k▼ -20.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€2k ▼ 39.5%
Current assets
€131k ▲ 23.2%
Equity and liabilities €133k
Equity
€122k ▲ 19.9%
Debt
€10k ▲ 43.3%
Debt's share of the balance-sheet total rises from 6.7% to 7.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €43k
Cash flow
€25k▼
2024 · €31k
Current ratio
12.56▼
2024 · 14.62
Debt to equity
0.09▲
2024 · 0.07
ROE
19.3%▼
2024 · 29.1%
ROA
17.8%▼
2024 · 27.1%
Interest coverage
120.24▲
2024 · 79.81
Debt ≤ 1 year
€10k▲
2024 · €7k
Income taxes
€11k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€109k€133k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Land and buildings22€954€477▼
Plant, machinery and equipment23€336€64▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€106k€131k▲
Amounts receivable within one year40/41€53k€66k▲
Trade receivables40€50k€63k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€53k€63k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€109k€133k▲
Equity10/15€102k€122k▲
Contributions10/11€19k€19k=
Reserves13€83k€104k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1k-
Distributable reserves133€80k€102k▲
Amounts payable17/49€7k€10k▲
Amounts payable within one year42/48€7k€10k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€2k€986▼
Taxes450/3€2k€986▼
Other amounts payable47/48€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€-6k▼
Other operating charges640/8€8k€663▼
Gross operating margin9900€56k€29k▼
Operating profit (loss)9901€42k€34k▼
Financial income75/76B€2k€934▼
Recurring financial income75€2k€934▼
Financial charges65/66B€537€292▼
Recurring financial charges65€537€292▼
Profit (loss) for the period before taxes9903€43k€35k▼
Income taxes67/77€13k€11k▼
Profit (loss) for the period9904€30k€24k▼
Transfer from tax-exempt reserves789-€1k
Profit (loss) for the period to be appropriated9905€30k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€25k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€30k€25k▼
To other reserves6921€30k€25k▼
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €109 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €1k | €1k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4k | €5k | €-6k | ▼ 219% |
| Other operating charges640/8 | €886 | €520 | €2k | €8k | €663 | ▼ 91.3% |
| Gross operating margin9900 | €11k | €26k | €35k | €56k | €29k | ▼ 47.5% |
| Operating profit (loss)9901 | €8k | €23k | €27k | €42k | €34k | ▼ 18.4% |
| Financial income75/76B | €24 | €180 | €3k | €2k | €934 | ▼ 43.0% |
| Recurring financial income75 | €24 | €180 | €3k | €2k | €934 | ▼ 43.0% |
| Financial charges65/66B | €543 | €672 | €962 | €537 | €292 | ▼ 45.5% |
| Recurring financial charges65 | €543 | €672 | €962 | €537 | €292 | ▼ 45.5% |
| Profit (loss) for the period before taxes9903 | €7k | €23k | €28k | €43k | €35k | ▼ 19.0% |
| Income taxes67/77 | €3k | €8k | €9k | €13k | €11k | ▼ 16.1% |
| Profit (loss) for the period9904 | €5k | €15k | €19k | €30k | €24k | ▼ 20.3% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €1k | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €15k | €19k | €30k | €25k | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52k | €58k | €79k | €109k | €133k | ▲ 21.5% |
| Fixed assets21/28 | €5k | €3k | €4k | €3k | €2k | ▼ 39.5% |
| Tangible fixed assets22/27 | €5k | €3k | €4k | €3k | €2k | ▼ 39.5% |
| Land and buildings22 | €2k | €2k | €1k | €954 | €477 | ▼ 50.0% |
| Plant, machinery and equipment23 | €1k | €672 | €609 | €336 | €64 | ▼ 81.1% |
| Furniture and vehicles24 | €1k | €578 | €2k | €2k | €1k | ▼ 25.7% |
| Current assets29/58 | €47k | €55k | €75k | €106k | €131k | ▲ 23.2% |
| Amounts receivable within one year40/41 | €8k | €44k | €46k | €53k | €66k | ▲ 23.3% |
| Trade receivables40 | €2k | €40k | €39k | €50k | €63k | ▲ 26.2% |
| Other amounts receivable41 | €7k | €4k | €7k | €4k | €3k | ▼ 15.4% |
| Cash at bank and in hand54/58 | €25k | €11k | €29k | €53k | €63k | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €13k | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52k | €58k | €79k | €109k | €133k | ▲ 21.5% |
| Equity10/15 | €38k | €53k | €72k | €102k | €122k | ▲ 19.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €19k | €34k | €54k | €83k | €104k | ▲ 24.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €1k | €1k | €1k | €1k | - | - |
| Distributable reserves133 | €16k | €31k | €51k | €80k | €102k | ▲ 26.6% |
| Amounts payable17/49 | €14k | €5k | €7k | €7k | €10k | ▲ 43.3% |
| Amounts payable within one year42/48 | €14k | €5k | €6k | €7k | €10k | ▲ 43.3% |
| Current portion of amounts payable after more than one year42 | €188 | - | - | - | - | - |
| Trade debts44 | €9k | €867 | - | €2k | €7k | ▲ 196% |
| Suppliers440/4 | €9k | €867 | - | €2k | €7k | ▲ 196% |
| Taxes, remuneration and social security45 | €2k | €2k | €3k | €2k | €986 | ▼ 54.9% |
| Taxes450/3 | €2k | €2k | €3k | €2k | €986 | ▼ 54.9% |
| Other amounts payable47/48 | €3k | €3k | €3k | €3k | €3k | = |
| Accrued charges and deferred income492/3 | - | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €15k | €19k | €30k | €24k | ▼ 20.3% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €1k | €1k | = |
| Operating cash flow (approximation) | €7k | €17k | €21k | €31k | €25k | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €0 | - |
| Change in cash | - | €-14k | €18k | €24k | €10k | ▼ 56.7% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Highest result since 2018net €30k ▲53.8%
Operating result €42k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲41%
6 profitable years in a row build equity to €102k.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 10.08
Current ratio from 3.30 to 10.08; short-term debt falls from €14k to €5k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 9.07
Current ratio from 3.73 to 9.07; short-term debt falls from €9k to €4k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oostkamp · 1 establishment unit since 1982
Ground area
85 m²
Building footprint
133 m²
Volume, LiDAR
1,005 m³
Parcel 31022I0241/00E004, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Multifiscaal
since 19822.021.481.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0241/00E004 | Flanders | 85 m² | 1 · 133 m² | 12.7 m · 2 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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,527 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.