Multigreen Group
ActiveSummary
The computed 12-month bankruptcy probability of Multigreen Group is 2.9% (moderate). The 2025 annual accounts show negative equity (-€23,603) and a net result of -€23,634. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1532 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-25
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.38 in 2024; short-term debt: 130.8% and cash: 21.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-38.1%
Return on assets
-38.1%
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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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
2122232425
2021 to 2025 · latest year -€23,603
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 · 5 filingsDeviation from the deadline
2025
25 d early
2024
8 d early
2023
17 d early
2022
11 d early
2021
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€23,603
2024 · €30
Total assets
€61,984▲ 22.4%
2024 · €50,639
Net result
-€23,634▼ 37.2%
2024 · -€17,223
Working capital
-€57,448▼ 101%
2024 · -€28,618
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,183-€25,833-€7,266-€14,941▼ 106%-€23,380▼ 56.5%
Net result-€2,183-€20,785-€7,349-€17,223▼ 134%-€23,634▼ 37.2%
Equity-€2,183-€24,602€17,253▼ 29.9%€30▼ 99.8%-€23,603
Total assets€15,392-€42,724▲ 178%€35,299▼ 17.4%€50,639▲ 43.5%€61,984▲ 22.4%
Debt€17,575-€18,122▲ 3.1%€18,046▼ 0.4%€50,609▲ 180%€85,587▲ 69.1%
Working capital€3,817-€6,261▲ 64.0%€1,431▼ 77.1%-€28,618-€57,448▼ 101%
Staff (FTE)0.6
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,380 in 2025 against €14,941 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,984
Fixed assets
€38,345 ▲ 15.7%
Current assets
€23,638 ▲ 35.1%
Key figures and ratios
EBITDA
-€13,965▼
2024 · -€10,256
Cash flow
-€14,219▼
2024 · -€12,537
Solvency
-38.1%▼
2024 · 0.1%
Current ratio
0.29▼
2024 · 0.38
Debt to equity
-3.63
ROA
-38.1%▼
2024 · -34.0%
Interest coverage
-54.92▼
2024 · -30.90
Debt ≤ 1 year
€81,087▲
2024 · €46,109
Debt > 1 year
€4,500=
2024 · €4,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,058 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% | 1.6% |
| 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 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 6,035 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €2,015 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €21,289 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €255 | €2,519 | €4,685 | €9,415 | ▲ 101% |
| Other operating charges640/8 | €168 | €1,292 | €4,033 | €5,166 | €1,452 | ▼ 71.9% |
| Gross operating margin9900 | -€2,015 | €48,669 | -€714 | -€5,090 | -€12,512 | ▼ 146% |
| Operating profit (loss)9901 | -€2,183 | €25,833 | -€7,266 | -€14,941 | -€23,380 | ▼ 56.5% |
| Financial income75/76B | - | €175 | - | €0 | €0 | ▲ 700% |
| Recurring financial income75 | - | €175 | - | €0 | €0 | ▲ 700% |
| Financial charges65/66B | - | €471 | €83 | €332 | €254 | ▼ 23.4% |
| Recurring financial charges65 | - | €471 | €83 | €332 | €254 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | -€2,183 | €25,536 | -€7,349 | -€15,273 | -€23,634 | ▼ 54.7% |
| Income taxes67/77 | - | €4,751 | - | €1,950 | - | - |
| Profit (loss) for the period9904 | -€2,183 | €20,785 | -€7,349 | -€17,223 | -€23,634 | ▼ 37.2% |
| Profit (loss) for the period to be appropriated9905 | -€2,183 | €20,785 | -€7,349 | -€17,223 | -€23,634 | ▼ 37.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,392 | €42,724 | €35,299 | €50,639 | €61,984 | ▲ 22.4% |
| Fixed assets21/28 | €9,000 | €22,841 | €20,322 | €33,149 | €38,345 | ▲ 15.7% |
| Tangible fixed assets22/27 | - | €12,341 | €9,822 | €31,649 | €36,845 | ▲ 16.4% |
| Furniture and vehicles24 | - | €12,341 | €9,822 | €31,649 | €36,845 | ▲ 16.4% |
| Financial fixed assets28 | €9,000 | €10,500 | €10,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €6,392 | €19,882 | €14,977 | €17,491 | €23,638 | ▲ 35.1% |
| Amounts receivable within one year40/41 | €392 | €9,046 | €5,339 | €3,827 | €10,272 | ▲ 168% |
| Trade receivables40 | - | €9,046 | €5,339 | €3,523 | €10,272 | ▲ 192% |
| Other amounts receivable41 | €392 | - | - | €304 | - | - |
| Cash at bank and in hand54/58 | €6,000 | €10,837 | €9,638 | €13,664 | €13,367 | ▼ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,392 | €42,724 | €35,299 | €50,639 | €61,984 | ▲ 22.4% |
| Equity10/15 | -€2,183 | €24,602 | €17,253 | €30 | -€23,603 | ▼ 77,691% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€2,183 | €18,602 | €11,253 | -€5,970 | -€29,603 | ▼ 396% |
| Amounts payable17/49 | €17,575 | €18,122 | €18,046 | €50,609 | €85,587 | ▲ 69.1% |
| Amounts payable after more than one year17 | €15,000 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Financial debts170/4 | €15,000 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Amounts payable within one year42/48 | €2,575 | €13,622 | €13,546 | €46,109 | €81,087 | ▲ 75.9% |
| Trade debts44 | €318 | €318 | €6,628 | €42 | €1,573 | ▲ 3,667% |
| Suppliers440/4 | €318 | €318 | €6,628 | €42 | €1,573 | ▲ 3,667% |
| Taxes, remuneration and social security45 | - | €8,531 | €4,506 | €13,554 | €36,918 | ▲ 172% |
| Taxes450/3 | - | €6,794 | €4,506 | - | €8,759 | - |
| Remuneration and social security454/9 | - | €1,738 | - | €13,554 | €28,159 | ▲ 108% |
| Other amounts payable47/48 | €2,256 | €4,772 | €2,412 | €32,513 | €42,596 | ▲ 31.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,183 | €20,785 | -€7,349 | -€17,223 | -€23,634 | ▼ 37.2% |
| + Depreciation and write-downs630 | - | €255 | €2,519 | €4,685 | €9,415 | ▲ 101% |
| Operating cash flow (approximation) | -€2,183 | €21,040 | -€4,829 | -€12,537 | -€14,219 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€14,097 | €0 | -€17,512 | -€14,612 | ▲ 16.6% |
| Change in cash | - | €4,837 | -€1,199 | €4,026 | -€297 | ▼ 107% |
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
Weakest financial yearnet -€23,634
Net result drops to -€23,634, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €20,785
Net result €20,785 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Wommelgem · 1 establishment unit since 2021
Ground area
1.0 ha
Building footprint
2,289 m²
Volume, LiDAR
25,507 m³
Parcel 11052C0585/00T002, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
278
companies at this address
See who is registered here
1 establishment unit
Yanis Construct
since 20212.313.172.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 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 1,446 companies in sector 77110 we hold annual accounts for 727. 6 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
Founded20-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
47910Intermediation services for non-specialised retail
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761845126
Also
9925:BE0761845126
Registered
22-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.