Multifoon
ActiveSummary
Multifoon has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,041) and a net result of €3,532. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+47
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.15 in 2024; short-term debt: 81.2% and cash: 3.3% of total assets), and equity is negative.
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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
-123.3%
Return on assets
11.2%
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 9%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
34 d early
2023
42 d early
2022
1 d late
2021
5 d early
2020
53 d early
2019
2 d early
← 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 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€39,041▲ 8.3%
2024 · -€42,573
Total assets
€31,655▲ 67.1%
2024 · €18,943
Net result
€3,532
2024 · -€1,066
Working capital
€4,628▲ 90.7%
2024 · €2,427
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€12,878€9,776▼ 24.1%-€1,812-€1,057▲ 41.7%€6,230
Net result-€102,048below the sector's middle half▼ 249%€8,643within the sector's middle half-€6,212below the sector's middle half-€1,066within the sector's middle half▲ 82.8%€3,532within the sector's middle half
Equity-€43,938below the sector's middle half-€35,295below the sector's middle half▲ 19.7%-€41,507below the sector's middle half▼ 17.6%-€42,573below the sector's middle half▼ 2.6%-€39,041below the sector's middle half▲ 8.3%
Total assets€8,039below the sector's middle half▼ 92.7%€24,557below the sector's middle half▲ 205%€20,051below the sector's middle half▼ 18.3%€18,943below the sector's middle half▼ 5.5%€31,655below the sector's middle half▲ 67.1%
Debt€51,976▼ 3.6%€59,852▲ 15.2%€61,558▲ 2.9%€61,516▼ 0.1%€70,695▲ 14.9%
Working capital-€45,100below the sector's middle half▼ 2.4%€9,359within the sector's middle half€3,493within the sector's middle half▼ 62.7%€2,427within the sector's middle half▼ 30.5%€4,628within the sector's middle half▲ 90.7%
Solvency-546.6%below the sector's middle half▼ 597.9pp-143.7%below the sector's middle half▲ 402.8pp-207.0%below the sector's middle half▼ 63.3pp-224.7%below the sector's middle half▼ 17.7pp-123.3%below the sector's middle half▲ 101.4pp
Current ratio0.13below the sector's middle half▼ 0.051.63within the sector's middle half▲ 1.501.21within the sector's middle half▼ 0.421.15within the sector's middle half▼ 0.061.18within the sector's middle half▲ 0.03
Return on assets (ROA)35.2%above the sector's middle half-31.0%below the sector's middle half▼ 66.2pp-5.6%below the sector's middle half▲ 25.4pp11.2%within the sector's middle half▲ 16.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,230 after a loss of €1,057 in 2024.
Balance-sheet composition
Assets €31,655
Fixed assets
€1,331
Current assets
€30,324
Key figures and ratios
EBITDA
€6,342
Cash flow
€3,644
Debt to equity
-1.81▼
2024 · -1.44
Interest coverage
4.43
Debt ≤ 1 year
€25,695▲
2024 · €16,516
Debt > 1 year
€45,000=
2024 · €45,000
Income taxes
€1,265▲
2024 · -€670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,612 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €816 | €816 | €347 | - | €112 | - |
| Other operating charges640/8 | €2,114 | €1,535 | €2,284 | €1,851 | €772 | ▼ 58.3% |
| Gross operating margin9900 | €15,807 | €12,127 | €818 | €794 | €7,113 | ▲ 796% |
| Operating profit (loss)9901 | €12,878 | €9,776 | -€1,812 | -€1,057 | €6,230 | ▲ 689% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €101,466 | €1,606 | €1,912 | €679 | €1,432 | ▲ 111% |
| Recurring financial charges65 | €1,466 | €1,606 | €1,912 | €679 | €1,432 | ▲ 111% |
| Non-recurring financial charges66B | €100,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€88,589 | €8,170 | -€3,724 | -€1,736 | €4,797 | ▲ 376% |
| Income taxes67/77 | €13,459 | -€473 | €2,488 | -€670 | €1,265 | ▲ 289% |
| Profit (loss) for the period9904 | -€102,048 | €8,643 | -€6,212 | -€1,066 | €3,532 | ▲ 431% |
| Transfer from tax-exempt reserves789 | €22,200 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€79,848 | €8,643 | -€6,212 | -€1,066 | €3,532 | ▲ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,039 | €24,557 | €20,051 | €18,943 | €31,655 | ▲ 67.1% |
| Fixed assets21/28 | €1,162 | €347 | - | - | €1,331 | - |
| Tangible fixed assets22/27 | €1,162 | €347 | - | - | €1,331 | - |
| Plant, machinery and equipment23 | €693 | €347 | - | - | €1,331 | - |
| Furniture and vehicles24 | €469 | - | - | - | - | - |
| Current assets29/58 | €6,877 | €24,210 | €20,051 | €18,943 | €30,324 | ▲ 60.1% |
| Amounts receivable within one year40/41 | €2,902 | €10,588 | €15,397 | €18,191 | €29,291 | ▲ 61.0% |
| Trade receivables40 | - | €3,750 | €12,091 | €15,352 | €29,061 | ▲ 89.3% |
| Other amounts receivable41 | €2,902 | €6,838 | €3,306 | €2,840 | €230 | ▼ 91.9% |
| Cash at bank and in hand54/58 | - | €2,413 | €3,745 | €615 | €1,033 | ▲ 67.9% |
| Deferred charges and accrued income490/1 | €3,975 | €11,209 | €908 | €137 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,039 | €24,557 | €20,051 | €18,943 | €31,655 | ▲ 67.1% |
| Equity10/15 | -€43,938 | -€35,295 | -€41,507 | -€42,573 | -€39,041 | ▲ 8.3% |
| Contributions10/11 | €19,807 | €19,807 | €19,807 | €19,807 | €19,807 | = |
| Reserves13 | €45,321 | €45,321 | €45,321 | €45,321 | €45,321 | = |
| Non-distributable reserves130/1 | €3,099 | €3,099 | - | - | - | - |
| Reserves not available under the articles1311 | €3,099 | €3,099 | - | - | - | - |
| Distributable reserves133 | €42,222 | €42,222 | €45,321 | €45,321 | €45,321 | = |
| Profit (loss) carried forward14 | -€109,065 | -€100,423 | -€106,635 | -€107,701 | -€104,169 | ▲ 3.3% |
| Amounts payable17/49 | €51,976 | €59,852 | €61,558 | €61,516 | €70,695 | ▲ 14.9% |
| Amounts payable after more than one year17 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Financial debts170/4 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Amounts payable within one year42/48 | €51,976 | €14,852 | €16,558 | €16,516 | €25,695 | ▲ 55.6% |
| Financial debts43 | €10,284 | - | - | - | - | - |
| Credit institutions430/8 | €10,284 | - | - | - | - | - |
| Trade debts44 | €7,334 | €9,663 | €12,357 | €10,784 | €4,341 | ▼ 59.7% |
| Suppliers440/4 | €7,334 | €9,663 | €12,357 | €10,784 | €4,341 | ▼ 59.7% |
| Taxes, remuneration and social security45 | €6,357 | €5,188 | €4,201 | €5,732 | €5,345 | ▼ 6.7% |
| Taxes450/3 | €6,357 | €5,188 | €4,201 | €5,732 | €5,345 | ▼ 6.7% |
| Other amounts payable47/48 | €28,001 | - | - | - | €16,009 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€102,048 | €8,643 | -€6,212 | -€1,066 | €3,532 | ▲ 431% |
| + Depreciation and write-downs630 | €816 | €816 | €347 | - | €112 | - |
| Operating cash flow (approximation) | -€101,232 | €9,458 | -€5,866 | -€1,066 | €3,644 | ▲ 442% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | - | €1,332 | -€3,130 | €418 | ▲ 113% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3,532
Net result €3,532 after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €8,643
Net result €8,643 after 2 loss-making years.
31-12
Financial
Liquidity times 12current ratio 1.63
Current ratio from 0.13 to 1.63; short-term debt falls from €51,976 to €14,852.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€102,048
Net result drops to -€102,048, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,920
Net result €3,920 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Edegem · 1 establishment unit since 1998
Ground area
487 m²
Building footprint
147 m²
Volume, LiDAR
833 m³
Parcel 11472C0298/00R000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drie Eikenstraat 52, 2650 Edegem
since 19982.089.386.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0298/00R000 | Flanders | 487 m² | 1 · 147 m² | 9.5 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 979 companies in sector 46431 we hold annual accounts for 706. 424 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
Founded13-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
43350Other building finishing work
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464632572
Also
9925:BE0464632572
Registered
05-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.