MULTIMAINTENANCE
ActiveSummary
MULTIMAINTENANCE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,322 and a net result of €219,872. Equity is shrinking by ~19.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 46% of 842 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency55▲+25
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.05 in 2024; short-term debt: 70.2% and cash: 50.5% of total assets), and 70.2% of the assets are financed with debt.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
29.8%
Return on assets
72.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €90,322
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
99 d early
2023
7 d early
2022
6 d early
2021
4 d early
2020
30 d late
2019
8 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 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, full schema
Turnover
€915,649
EBIT margin
32.5%
Net result
€219,872▲ 18.5%
2024 · €185,613
Working capital
€90,322▲ 342%
2024 · €20,450
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
Turnover€915,649
Operating result€316,696▲ 37.8%€146,553▼ 53.7%€251,270▲ 71.5%€266,662▲ 6.1%€297,564▲ 11.6%
Net result€235,195▲ 46.4%€107,366▼ 54.4%€184,057▲ 71.4%€185,613▲ 0.8%€219,872▲ 18.5%
EBIT margin32.5%
Equity€287,235=€20,450▼ 92.9%€20,450=€20,450=€90,322▲ 342%
Total assets€691,002▲ 1.5%€545,356▼ 21.1%€515,356▼ 5.5%€440,041▼ 14.6%€302,936▼ 31.2%
Debt€403,767▲ 2.6%€524,907▲ 30.0%€494,906▼ 5.7%€419,591▼ 15.2%€212,614▼ 49.3%
Working capital€250,734▼ 2.9%-€22,402-€26,102▼ 16.5%€20,450€90,322▲ 342%
Staff (FTE)9=9=9.9
Why a figure moved sharply
- 2022 Net result -54%, Equity -93% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €302,936
Equity
€90,322 ▲ 342%
Debt
€212,614 ▼ 49.3%
Debt's share of the balance-sheet total falls from 95.4% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.42▲
2024 · 1.05
Debt to equity
2.35▼
2024 · 20.52
ROE
243.4%▼
2024 · 907.7%
ROA
72.6%▲
2024 · 42.2%
Debt ≤ 1 year
€212,614▼
2024 · €419,591
Income taxes
€75,487▲
2024 · €66,471
Staff costs
€588,483▲
2024 · €584,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% 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 497,058 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 5,049 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €999,368 | - |
| Turnover70 | - | - | - | - | €915,649 | - |
| Other operating income74 | - | - | - | - | €78,651 | - |
| Non-recurring operating income76A | €3,226 | €5,002 | €7,205 | €7,346 | €5,068 | ▼ 31.0% |
| Operating charges60/66A | - | - | - | - | €701,804 | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €37,517 | - |
| Purchases600/8 | - | - | - | - | €37,517 | - |
| Services and other goods61 | - | - | - | - | €75,474 | - |
| Remuneration, social security and pensions62 | €503,951 | €494,120 | €559,720 | €584,357 | €588,483 | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,539 | €39,286 | €38,936 | €56,000 | - | - |
| Other operating charges640/8 | €1,781 | €1,276 | €1,515 | €861 | €330 | ▼ 61.6% |
| Non-recurring operating charges66A | €0 | €254 | €22 | €3 | - | - |
| Gross operating margin9900 | €883,967 | €681,489 | €851,463 | €907,882 | - | - |
| Operating profit (loss)9901 | €316,696 | €146,553 | €251,270 | €266,662 | €297,564 | ▲ 11.6% |
| Financial income75/76B | - | - | €1,902 | €2,119 | €853 | ▼ 59.7% |
| Recurring financial income75 | - | - | €1,902 | €2,119 | €853 | ▼ 59.7% |
| Income from current assets751 | - | - | - | - | €845 | - |
| Other financial income752/9 | - | - | - | - | €8 | - |
| Financial charges65/66B | €8,906 | €5,882 | €1,945 | €16,697 | €3,057 | ▼ 81.7% |
| Recurring financial charges65 | €8,906 | €5,882 | €1,945 | €16,697 | €2,971 | ▼ 82.2% |
| Debt charges650 | - | - | - | - | €1,995 | - |
| Other financial charges652/9 | - | - | - | - | €976 | - |
| Non-recurring financial charges66B | - | - | - | - | €87 | - |
| Profit (loss) for the period before taxes9903 | €307,791 | €140,671 | €251,227 | €252,084 | €295,359 | ▲ 17.2% |
| Income taxes67/77 | €72,595 | €33,305 | €67,171 | €66,471 | €75,487 | ▲ 13.6% |
| Taxes670/3 | - | - | - | - | €75,487 | - |
| Profit (loss) for the period9904 | €235,195 | €107,366 | €184,057 | €185,613 | €219,872 | ▲ 18.5% |
| Profit (loss) for the period to be appropriated9905 | €235,195 | €107,366 | €184,057 | €185,613 | €219,872 | ▲ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €691,002 | €545,356 | €515,356 | €440,041 | €302,936 | ▼ 31.2% |
| Fixed assets21/28 | €119,538 | €80,129 | €56,000 | €0 | €0 | - |
| Tangible fixed assets22/27 | €119,415 | €80,129 | €56,000 | €0 | €0 | - |
| Plant, machinery and equipment23 | €351 | - | - | - | €0 | - |
| Furniture and vehicles24 | €119,064 | €80,129 | €56,000 | €0 | €0 | - |
| Financial fixed assets28 | €123 | - | - | - | - | - |
| Current assets29/58 | €571,464 | €465,228 | €459,356 | €440,041 | €302,936 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €155,548 | €168,642 | €281,683 | €204,120 | €148,255 | ▼ 27.4% |
| Trade receivables40 | €148,414 | €119,724 | €271,521 | €189,149 | €147,391 | ▼ 22.1% |
| Other amounts receivable41 | €7,134 | €48,918 | €10,162 | €14,970 | €865 | ▼ 94.2% |
| Cash at bank and in hand54/58 | €415,916 | €296,585 | €177,673 | €235,921 | €153,033 | ▼ 35.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,648 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €691,002 | €545,356 | €515,356 | €440,041 | €302,936 | ▼ 31.2% |
| Equity10/15 | €287,235 | €20,450 | €20,450 | €20,450 | €90,322 | ▲ 342% |
| Contributions10/11 | €18,590 | €18,590 | €18,590 | €18,590 | €18,590 | = |
| Outside capital11 | €18,590 | €18,590 | €18,590 | - | - | - |
| Other1109/19 | €18,590 | €18,590 | €18,590 | - | - | - |
| Reserves13 | €268,645 | €1,860 | €1,860 | €1,860 | €71,732 | ▲ 3,757% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €266,785 | - | - | - | €69,872 | - |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €403,767 | €524,907 | €494,906 | €419,591 | €212,614 | ▼ 49.3% |
| Amounts payable after more than one year17 | €83,037 | €37,277 | €9,448 | €0 | - | - |
| Financial debts170/4 | €83,037 | €37,277 | €9,448 | €0 | - | - |
| Amounts payable within one year42/48 | €320,730 | €487,630 | €485,458 | €419,591 | €212,614 | ▼ 49.3% |
| Current portion of amounts payable after more than one year42 | €62,187 | €50,839 | €31,540 | €42,067 | - | - |
| Trade debts44 | €7,158 | €29,194 | €2,442 | €41,783 | €9,208 | ▼ 78.0% |
| Suppliers440/4 | €7,158 | €29,194 | €2,442 | €41,783 | €9,208 | ▼ 78.0% |
| Taxes, remuneration and social security45 | €86,749 | €89,375 | €96,775 | €71,137 | €53,088 | ▼ 25.4% |
| Taxes450/3 | €73,154 | €85,878 | €74,097 | €59,742 | €26,905 | ▼ 55.0% |
| Remuneration and social security454/9 | €13,595 | €3,497 | €22,678 | €11,395 | €26,182 | ▲ 130% |
| Other amounts payable47/48 | €164,637 | €318,221 | €354,701 | €264,605 | €150,318 | ▼ 43.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €235,195 | €107,366 | €184,057 | €185,613 | €219,872 | ▲ 18.5% |
| + Depreciation and write-downs630 | €61,539 | €39,286 | €38,936 | €56,000 | - | - |
| Operating cash flow (approximation) | €296,735 | €146,652 | €222,992 | €241,613 | €219,872 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | €123 | -€14,806 | €0 | €0 | - |
| Change in cash | - | -€119,331 | -€118,912 | €58,248 | -€82,888 | ▼ 242% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €107,366 ▼54.4%
Net result drops to €107,366, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €235,195 ▲46.4%
Operating result €316,696, net result €235,195, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 2008
Ground area
1.6 ha
Building footprint
260 m²
Volume, LiDAR
1,193 m³
Parcel 53009E0323/00A002, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Tertre(B) 48, 7331 Saint-Ghislain
since 20082.172.474.059
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009E0323/00A002 | Wallonia | 1.6 ha | 1 · 260 m² | 9.0 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.
Structure & network
Part of the group
COSELOG
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- COSELOG
- MULTIMAINTENANCE
Highest known parent: COSELOG. The sources do not say who stands above it.
Owners 1
- COSELOGparentSourceaccounts COSELOG 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,162 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
Founded20-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898230292
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.