Multilas Services
ActiveSummary
The computed 12-month bankruptcy probability of Multilas Services is 1.9% (moderate). The 2025 annual accounts show equity of €801,966 and a net result of €292,802. Equity is growing by ~63.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 1040 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency77▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.13 in 2024; short-term debt: 48.1% and cash: 15.2% of total assets), and 48.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
51.6%
Return on assets
18.9%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
28 d early
2023
30 d early
2022
4 d early
2021
65 d late
← 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 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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, abbreviated schema
In the rankings
#4 company by total assets in Mortsel, Manufacturing sector#4 company by equity in Mortsel, Manufacturing sector
Equity
€801,966▲ 57.5%
2024 · €509,164
Total assets
€1.6m▲ 70.7%
2024 · €910,034
Net result
€292,802▼ 3.5%
2024 · €303,547
Working capital
€710,241▲ 57.4%
2024 · €451,163
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€126,280-€30,731▼ 75.7%€88,045▲ 187%€409,847▲ 365%€403,516▼ 1.5%
Net result€90,488above the sector's middle half-€22,633within the sector's middle half▼ 75.0%€67,596above the sector's middle half▲ 199%€303,547above the sector's middle half▲ 349%€292,802above the sector's middle half▼ 3.5%
Equity€115,388within the sector's middle half-€138,021within the sector's middle half▲ 19.6%€205,617above the sector's middle half▲ 49.0%€509,164within the sector's middle half▲ 148%€801,966within the sector's middle half▲ 57.5%
Total assets€240,709within the sector's middle half-€266,687within the sector's middle half▲ 10.8%€459,112above the sector's middle half▲ 72.2%€910,034within the sector's middle half▲ 98.2%€1.6mwithin the sector's middle half▲ 70.7%
Debt€125,321-€128,665▲ 2.7%€253,495▲ 97.0%€400,870▲ 58.1%€751,298▲ 87.4%
Working capital€86,525-€64,537▼ 25.4%€107,066▲ 65.9%€451,163▲ 321%€710,241▲ 57.4%
Solvency47.9%within the sector's middle half-51.8%within the sector's middle half▲ 3.8pp44.8%within the sector's middle half▼ 7.0pp56.0%within the sector's middle half▲ 11.2pp51.6%within the sector's middle half▼ 4.3pp
Staff (FTE)1-2.4▲ 140%2.7▲ 12.5%4.8within the sector's middle half▲ 77.8%6.5within the sector's middle half▲ 35.4%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +349% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€96,220 ▲ 65.9%
Current assets
€1.5m ▲ 71.0%
Equity and liabilities €1.6m
Equity
€801,966 ▲ 57.5%
Debt
€751,298 ▲ 87.4%
Debt's share of the balance-sheet total rises from 44.0% to 48.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€432,140▲
2024 · €417,802
Cash flow
€321,427▲
2024 · €311,502
Current ratio
1.95▼
2024 · 2.13
Quick ratio
1.88▼
2024 · 1.94
Debt to equity
0.94▲
2024 · 0.79
ROE
36.5%▼
2024 · 59.6%
ROA
18.9%▼
2024 · 33.4%
Interest coverage
68.17▼
2024 · 154.78
Debt ≤ 1 year
€746,803▲
2024 · €400,870
Income taxes
€104,389▲
2024 · €104,180
Staff costs
€411,380▲
2024 · €316,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,964 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 | €528 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €55,876 | €108,976 | €166,414 | €316,638 | €411,380 | ▲ 29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,184 | €13,434 | €30,601 | €7,955 | €28,625 | ▲ 260% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €32,727 | - |
| Other operating charges640/8 | €636 | €2,184 | €3,860 | €3,513 | €1,077 | ▼ 69.3% |
| Gross operating margin9900 | €190,976 | €155,325 | €288,920 | €737,953 | €877,324 | ▲ 18.9% |
| Operating profit (loss)9901 | €126,280 | €30,731 | €88,045 | €409,847 | €403,516 | ▼ 1.5% |
| Financial income75/76B | €0 | €114 | €28 | €579 | €14 | ▼ 97.6% |
| Recurring financial income75 | €0 | €114 | €28 | €579 | €14 | ▼ 97.6% |
| Financial charges65/66B | €629 | €1,816 | €2,724 | €2,699 | €6,339 | ▲ 135% |
| Recurring financial charges65 | €629 | €1,816 | €2,724 | €2,699 | €6,339 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | €125,652 | €29,029 | €85,349 | €407,727 | €397,191 | ▼ 2.6% |
| Income taxes67/77 | €35,164 | €6,396 | €17,753 | €104,180 | €104,389 | ▲ 0.2% |
| Profit (loss) for the period9904 | €90,488 | €22,633 | €67,596 | €303,547 | €292,802 | ▼ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €90,488 | €22,633 | €67,596 | €303,547 | €292,802 | ▼ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240,709 | €266,687 | €459,112 | €910,034 | €1.6m | ▲ 70.7% |
| Fixed assets21/28 | €35,823 | €77,889 | €100,350 | €58,001 | €96,220 | ▲ 65.9% |
| Tangible fixed assets22/27 | €32,780 | €70,380 | €92,842 | €50,492 | €88,711 | ▲ 75.7% |
| Plant, machinery and equipment23 | €12,427 | €51,777 | €60,493 | €25,335 | €53,673 | ▲ 112% |
| Furniture and vehicles24 | €11,709 | €13,662 | €31,113 | €25,157 | €35,039 | ▲ 39.3% |
| Leasing and similar rights25 | €8,644 | €4,940 | €1,236 | €0 | - | - |
| Financial fixed assets28 | €3,043 | €7,509 | €7,509 | €7,509 | €7,509 | = |
| Current assets29/58 | €204,886 | €188,798 | €358,762 | €852,033 | €1.5m | ▲ 71.0% |
| Stocks and contracts in progress3 | €20,311 | €8,968 | €40,749 | €74,637 | €56,487 | ▼ 24.3% |
| Stocks30/36 | €20,311 | €8,968 | €40,749 | €74,637 | €56,487 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €151,090 | €102,314 | €219,965 | €375,525 | €1.1m | ▲ 202% |
| Trade receivables40 | €144,771 | €85,963 | €218,717 | €373,947 | €1.1m | ▲ 204% |
| Other amounts receivable41 | €6,319 | €16,351 | €1,247 | €1,579 | €621 | ▼ 60.6% |
| Cash at bank and in hand54/58 | €33,485 | €77,354 | €93,465 | €401,412 | €236,353 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | €162 | €4,584 | €458 | €28,535 | ▲ 6,125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240,709 | €266,687 | €459,112 | €910,034 | €1.6m | ▲ 70.7% |
| Equity10/15 | €115,388 | €138,021 | €205,617 | €509,164 | €801,966 | ▲ 57.5% |
| Contributions10/11 | €24,900 | €24,900 | €24,900 | €24,900 | €24,900 | = |
| Reserves13 | €89,000 | €111,633 | €179,229 | €484,264 | €777,066 | ▲ 60.5% |
| Distributable reserves133 | €89,000 | €111,633 | €179,229 | €484,264 | €777,066 | ▲ 60.5% |
| Profit (loss) carried forward14 | €1,488 | €1,488 | €1,488 | €0 | - | - |
| Amounts payable17/49 | €125,321 | €128,665 | €253,495 | €400,870 | €751,298 | ▲ 87.4% |
| Amounts payable after more than one year17 | €6,960 | €4,404 | €1,799 | €0 | - | - |
| Financial debts170/4 | €6,960 | €4,404 | €1,799 | €0 | - | - |
| Amounts payable within one year42/48 | €118,360 | €124,261 | €251,696 | €400,870 | €746,803 | ▲ 86.3% |
| Current portion of amounts payable after more than one year42 | €2,508 | €2,556 | €2,390 | €2,067 | €34,168 | ▲ 1,553% |
| Trade debts44 | €55,263 | €65,922 | €191,894 | €220,694 | €433,426 | ▲ 96.4% |
| Suppliers440/4 | €55,263 | €65,922 | €191,894 | €220,694 | €433,426 | ▲ 96.4% |
| Taxes, remuneration and social security45 | €24,060 | €55,673 | €56,893 | €177,974 | €279,104 | ▲ 56.8% |
| Taxes450/3 | €20,271 | €37,356 | €33,129 | €143,701 | €218,882 | ▲ 52.3% |
| Remuneration and social security454/9 | €3,789 | €18,317 | €23,765 | €34,273 | €60,223 | ▲ 75.7% |
| Other amounts payable47/48 | €36,529 | €110 | €519 | €135 | €105 | ▼ 22.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,495 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,488 | €22,633 | €67,596 | €303,547 | €292,802 | ▼ 3.5% |
| + Depreciation and write-downs630 | €8,184 | €13,434 | €30,601 | €7,955 | €28,625 | ▲ 260% |
| Operating cash flow (approximation) | €98,672 | €36,067 | €98,197 | €311,502 | €321,427 | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | -€55,499 | -€53,063 | €34,394 | -€66,844 | ▼ 294% |
| Change in cash | - | €43,869 | €16,111 | €307,947 | -€165,059 | ▼ 154% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €303,547 ▲349%
Operating result €409,847, net result €303,547, both a record.
31-12
Financial
Equity above €500,000Eq €509,164 ▲148%
4 profitable years in a row build equity to €509,164.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €205,617 ▲49%
3 profitable years in a row build equity to €205,617.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €22,633 ▼75%
Net result drops to €22,633, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Mortsel · 2 establishment units since 2020
Ground area
972 m²
Building footprint
941 m²
Volume, LiDAR
5,626 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Multilas Services
since 20202.306.813.121
Rijkmakerlaan 32, 2910 Essen
since 20222.335.667.453
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0060/00S004 | Flanders | 652 m² | 1 · 652 m² | 11.1 m · 1 fl. |
| 11016B0703/00K000 | Flanders | 320 m² | 1 · 289 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,192 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
Founded23-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
24200Manufacture of basic metals
25110Manufacture of metal structures and parts of structures
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748850688
Also
9925:BE0748850688
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.