Equity
€32,410 from €316,076 in 2024
Equity fell by 90% in 1 year.
Multimo
Overview
Lifetime
4 annual accounts with figures on one time axispeak €233,623 (2024)
€75,242▼ 67.8%
peak €151,356 (2024)
€31,410▼ 79.2%
peak €316,076 (2024)
€32,410▼ 89.7%
€160,679▲ 207%
Board2 names since 2021
1 director
Documentsfilings and deeds
07-05-202685 days before the deadline
2025micro format
Gross margin from €233,623 to €75,242Result from €151,356 to €31,410Dividend €315,076Equity from €316,076 to €32,410Debts from €52,409 to €160,679Cash from €192,046 to €73,816
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The micro format states no turnover.
Debts
€160,679 ▲ 207%
Debts rose by €108,270 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
0.79 was 10.23 in 2024
Short-term debts rose from €28,430 to €160,679.
Filings
4 annual accounts 1 late
The 2023 accounts came 30 days late. The other three were filed on time.
Board
1 joined
New director. Latest change 14-08-2026 · 2 in office.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,712 companies had the same profile as Multimo has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,712 companies, not a prediction for Multimo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 29-06-2021
Director
- 100 sharesdeed of 01-07-2021
Recent changes
Appointment: (director)
General meeting of 14-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770474364
Incorporation
Founding capital of €1,000, 100 shares · Founder: · Appointment: (director) · published on 01-07-2021 · Gazette deed
First establishment
Gentsestraat 61, Erpe-Mere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Multimo Erpe-Mere | €193,089 | €75,242 | 16.8% | - |
| RENOVATIEWERKEN PNL Aalst | €180,273 | €66,525 | 40.1% | - |
| DU TRÉ Zulte | €177,787 | €85,424 | 27.5% | - |
| Wolff Ghent | €168,856 | €112,269 | 23.4% | - |
| VdSA Lede | €152,948 | €69,442 | 17.4% | - |
| CAPIAU GROUP Wichelen | €177,306 | €50,981 | 61.9% | - |
| LAPIIN Herentals | €212,876 | €70,558 | 77.1% | - |
These companies have the same main activity as Multimo: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €153,000 and €213,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 29-06-2021Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.319.045.3169420 Erpe-Mere, since 29-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2025
Annual accounts 2025
- €75,242▼ 67.8%
- €31,410▼ 79.2%
- €32,410▼ 89.7%
- €193,089▼ 47.6%
- Filing
- Filed on 07-05-2026, 85 days before the end of the filing period
Insights on Multimo
Multimo files the micro format. That format states no turnover. The gross margin fell from €121,426 in 2022 to €75,242 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 07-05-2026, 85 days before the deadline€75,242
▼ 67.8%
€42,291
▼ 79.0%
€31,410
▼ 79.2%
-€33,525
▼ €295,957
16.8%
▼ 69.0 percentage points
0.79
▼ 9.44
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €100,000 and €460,000.
Balance sheet
balance sheet total €193,089 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
16.8%
Higher than 38% of 19,803 companies in 2025.
0.79
Higher than 38% of 18,977 companies in 2025.
16.3%
Higher than 84% of 19,446 companies in 2025.
Multimo
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
193,089 | 368,485 | 263,572 | 197,592 | |
21/28 |
65,934 | 77,623 | 106,199 | 117,271 | |
22/27 |
65,934 | 77,623 | 106,199 | 117,271 | |
23 |
20,353 | 14,231 | 18,655 | 5,079 | |
24 |
45,582 | 6,736 | 9,320 | 12,400 | |
25 |
0 | 56,656 | 78,224 | 99,792 | |
29/58 |
127,155 | 290,863 | 157,373 | 80,321 | |
40/41 |
51,349 | 98,817 | 79,757 | 24,271 | |
40 |
4,341 | 44,668 | 36,251 | - | |
41 |
47,009 | 54,149 | 43,505 | 24,271 | |
54/58 |
73,816 | 192,046 | 76,958 | 56,050 | |
490/1 |
1,990 | 0 | 659 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
193,089 | 368,485 | 263,572 | 197,592 | |
10/15 |
32,410 | 316,076 | 164,721 | 92,509 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | |
13 |
31,410 | 315,076 | 163,721 | - | |
133 |
31,410 | 315,076 | 163,721 | - | |
14 |
0 | - | 0 | 91,509 | |
17/49 |
160,679 | 52,409 | 98,851 | 105,083 | |
17 |
0 | 23,979 | 37,858 | 54,015 | |
170/4 |
0 | 23,979 | 37,858 | 54,015 | |
42/48 |
160,679 | 28,430 | 60,843 | 51,068 | |
42 |
0 | 13,879 | 16,158 | 15,672 | |
44 |
11,880 | 5,292 | 32,977 | 9,803 | |
440/4 |
11,880 | 5,292 | 32,977 | 9,803 | |
46 |
- | - | 0 | 18,900 | |
45 |
500 | 90 | 118 | 172 | |
450/3 |
0 | 90 | 118 | 172 | |
454/9 |
500 | - | - | - | |
47/48 |
148,299 | 9,169 | 11,591 | 6,521 | |
492/3 |
- | 0 | 150 | - | |
| Income statement | |||||
9900 |
75,242 | 233,623 | 121,884 | 121,426 | |
630 |
29,401 | 28,576 | 27,762 | 11,144 | |
640/8 |
3,550 | 3,920 | 1,903 | 1,141 | |
9901 |
42,291 | 201,127 | 92,219 | 109,141 | |
75/76B |
29 | 96 | 885 | 90 | |
75 |
29 | 96 | 885 | 90 | |
65/66B |
2,934 | 5,723 | 2,889 | 2,276 | |
65 |
2,934 | 5,723 | 2,889 | 2,276 | |
9903 |
39,386 | 195,500 | 90,216 | 106,955 | |
67/77 |
7,977 | 44,145 | 18,004 | 15,446 | |
9904 |
31,410 | 151,356 | 72,212 | 91,509 | |
9905 |
31,410 | 151,356 | 72,212 | 91,509 | |
| Appropriation of the result | |||||
9906 |
31,410 | 151,356 | 163,721 | 91,509 | |
14P |
- | 0 | 91,509 | - | |
791/2 |
315,076 | - | - | - | |
691/2 |
31,410 | 151,356 | 163,721 | - | |
6920 |
- | - | 163,721 | - | |
6921 |
31,410 | 151,356 | - | - | |
694/7 |
315,076 | - | - | - | |
694 |
315,076 | - | - | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 71,693 | 229,703 | 119,981 | 120,285 | ||
| 60,811 | 179,932 | 99,974 | 102,653 | ||
| 17,713 | 0 | 16,690 | 128,415 | ||
| -118,230 | 115,088 | 20,908 | - | ||
| -33,525 | 262,432 | 96,530 | 29,254 | ||
| 16.8% | 85.8% | 62.5% | 46.8% | ||
| 0.79 | 10.23 | 2.59 | 1.57 | ||
| 4.96 | 0.17 | 0.60 | 1.14 | ||
| 96.9% | 47.9% | 43.8% | 98.9% | ||
| 16.3% | 41.1% | 27.4% | 46.3% | ||
| 24.43 | 40.14 | 41.53 | 52.84 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €17,713 | - | €16,690 | €128,415 |
| €29,401 | €28,576 | €27,762 | €11,144 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Multimo
The operating result for 2025 is 79% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 14.2% to 83.2%. Equity is lower and debt is higher.
Board & ownership
Board
2 directors, no change since August 2026Director (not named in the articles)
since 29-06-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 07-05-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 31-08-2026
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director
Board
Mandates as a list
-
- Director (not named in the articles), from 28-06-2021 to date
-
- Director, appointed by deed of 31-08-2026, still in office
Control
Founder
This company
Multimo
Equity €32,410
Profit €31,410 in 2025
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €324 in 2025
- Source
- deed of 01-07-2021
Articles of association
deed of 01-07-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 15:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 01-07-2021 ↗
- 100 shares (100%) · €1,000 in cash
Network & group
No group
Multimo has no parent and no holdings in its annual accounts. Multimo shares no director with another company.
At the same address
Gentsestraat 61, 9420 Erpe-Mere · 1 other company| De Cremer, Melissa (sole trader)
establishment since 20-11-2024 |
founded in 2024 1016.422.418 |
Timeline
Timeline
13 events since 2021Board
Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Appointment: (director)General meeting of 14-08-20262 points ▸
- General meeting, 14-08-2026
- Director appointment,
Annual accounts 2025 filed PDFmicro format · 85 days before the deadline
2025
Weakest financial year net €31,410 ▼79.2% The net result drops to €31,410, the lowest from 2022 to 2025.
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0770474364
2024
Highest result from 2022 to 2025 net €151,356 ▲110% The operating result of €201,127 and the net result of €151,356 are both a record.
Liquidity more than triples current ratio 10.23 The current ratio rises from 2.59 to 10.23. Short-term debt falls from €60,843 to €28,430.
Equity above €200,000 equity €316,076 ▲91.9% With a profit in every financial year since 2022, equity grows to €316,076.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Equity above €150,000 equity €164,721 ▲78.1% With a profit in every financial year since 2022, equity grows to €164,721.
Annual accounts 2022 filed PDFmicro format · 46 days before the deadline
2021
IncorporationFounding capital of €1,000, 100 shares · Founder: · Appointment: (director) · published on 01-07-20215 points ▸
- Founder,
- Founding capital, €1,000, 100 shares
- Registered office clause, Gentsestraat 41, 9420 Burst
- Board rule, 1
- Director appointment, (director (not named in the articles))
- The deed holds 5 more points.
First establishment Gentsestraat 61, Erpe-Mere
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0770.474.364
- VAT number
- BE 0770.474.364
- Peppol ID
- 0208:0770474364
- Other Peppol ID
- 9925:BE0770474364
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-06-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 15:00deed of 01-07-2021 (in Dutch)
- Peppol
- Reachable since 27-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Multimo in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 01-07-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 01-07-2021 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
43390
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwactiviteiten en restauratie; Verhuur van springkastelen,partytenten; Het uitvoeren van (badkamer-)renovaties; Sanitaire werken…”deed of 01-07-2021 (in Dutch)
62 activities
- Algemene bouwactiviteiten en restauratie;
- Verhuur van springkastelen,partytenten;
- Het uitvoeren van (badkamer-)renovaties;
- Sanitaire werken en installatie van sanitaire apparatuur,het plaatsen van centrale verwarming,ventilatie en klimaatregeling,alsmede loodgieterswerk in de meest ruime zin;
- De montage,installatie en het uitvoeren van timmer- en schrijnwerk;
- Het plaatsen van wand-,plafond en vloerbekledingen;
- De vervaardiging,restauratie en afwerking (inclusief stofferen,polijsten,…) van (maat-) meubilair;
- Schilder-,behang- en decoratiewerken in de ruimste zin van het woord;
- Het uitvoeren van algemene bouw- en aannemerswerken zoals,maar niet beperkt tot:
- De montage en afwerking van geprefabriceerde woningen;
- Het bouwrijp maken van terreinen,afbraakwerken,het slopen van gebouwen en andere bouwwerken,grondverzet,graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen;
- De drainage van bouwterreinen;
- Het uitvoeren van rioleringswerken;
- Het optrekken van de ruwbouw van individuele huizen en andere residentiële gebouwen,van appartements- en kantoorgebouwen,het bouwen van gebouwen voor industrieel of commercieel gebruik,voor landbouwdoeleinden,scholen,ziekenhuizen,loodsen,hangars en dergelijke;
- Dakbedekking en het of herstellen bouwen van dakconstructies van ongeacht welk materiaal,het plaatsen van dakgoten en regenafvoerbuizen,het waterdicht maken van daken en terrassen,overige dak werkzaamheden;
- Het plaatsen van bekistingen en het gieten van (gewapend) beton;
- Het fabriceren en plaatsen van stort klaar beton,betonvloeren,industrievloeren,vloeren op basis van harscomponenten en herstellingen aan ieder van deze vloeren;
- Het uitvoeren van metselwerken;
- Het aanbrengen van chape;
- Het bouwen van schoorstenen,open haarden,stookplaatsen,sierschouwen;
- Het invoegen en reinigen van gevels;
- Het bouwen van funderingen en vlechten van ijzer;
- Het monteren van niet-zelfvervaardigde metalen,houten en kunststoffen constructiewerken;
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken en dergelijke in hout,metaal en kunststof;
- Het uitvoeren van warmte- en geluidsisolering,alsmede isolatiewerkzaamheden;
- Het uitvoeren van stukadoorswerken,hierin begrepen het plaatsen van gipsplaat;
- Het plaatsen van omheiningen;
- Het plaatsen van alle wand-,plafond- en vloerbekledingen in alle materialen;
- De montage en installatie van timmer- en schrijnwerk voor gebouwen in ongeacht welk materiaal (hout,pvc,aluminium,…);
- Het plaatsen van installaties voor energiewinning uit zonnewarmte of uit andere natuurlijke of industriële bronnen;
- Het leggen van stoepdallen en klinkers;
- De installatie van elektrische materialen;
- Alle schilderwerken aan gebouwen;
- Industriële schilderwerken;
- Het plaatsen van mozaïek-,tegelvloeren en alle andere bedekkingen van muur en vloeren;
- Het plaatsen van glas,ruiten,spiegelglas,gekleurde ramen en allerhande doorschijnend en doorzichtig materieel;
- Het bewerken en plaatsen van marmer en natuursteen;
- Plafonneer-,cementeer- en alle andere pleisterwerking,gyproc-,gips- en stafwerken;
- Onderneming voor het optrekken van gebouwen evenals de bekisting en het ijzervlechtwerk en de bouw van metalen en niet metalen gebouwen;
- Het bouwen van stellingen;
- Het plaatsen van lood- en zinkwerk en allerhande waterdichtings- en dakwerken;
- Timmer- en schrijnwerken;
- Het aan- en verkopen,huren en verhuren,plaatsen en herstellen van alle sanitaire installaties,centrale verwarming en elektrische installaties in de meest uitgebreide zin;
- Plaatsen van individuele gasverwarming,plaatsen van natuurlijke en mechanische ventilatie;
- Onderneming voor het plaatsen van verwarming,klimatisatie,waterbehandeling;
- Het onderhouden van verwarmingsinstallaties en ventilatie;
- Elektriciteitswerken en het plaatsen van elektrotechnische installaties;
- Sloopwerken;
- Opruimings- en schoonmaakwerken;
- Het poetsen en reinigen van gebouwen en werven zowel binnen als buiten;
- Installatie van de bedrading voor telefooninstallaties,telecommunicatie,bewakingssystemen en alarminstallaties,computersystemen,met inbegrip van glasvezelbekabeling;
- Installatie van elektrische bedrading,hulpvoedingssystemen,generatoraggregaten en toebehoren,alsmede de aanleg van leidingen voor het vervoer en distributie van elektrische energie;
- Installatie van installaties voor energiewinning uit zonnewarmte of uit andere natuurlijke of industriële bronnen,zoals maar niet beperkt tot warmtepompen,fotovoltaïsche installaties en zonnecollectoren;
- Installatie van gasleidingen en aansluitingen,bevochtigings- en ontvochtigingsinstallaties,brandblusinstallaties,sprinklerinstallaties,waterverzachters en waterpompen;
- De vervaardiging en montage van serres,veranda’s en dergelijke,ongeacht het gebruikte materiaal;
- Metaalschrijnwerk,metaalbewerking en laswerken in de ruimste zin van het woord;
- Het monteren van (niet-)zelfvervaardigde metalen,houten en kunststoffen constructiewerken;
- Onderhoud en algemene klusjesdienst;
- Het uitvoeren van interieurstudies,het maken van interieurontwerpen,het verlenen van interieuradvies en het toezicht houden op de interieurwerkzaamheden,dit alles in de ruimste zin van het woord;
- De groot- en kleinhandel,de huur en verhuur,de handelsbemiddeling in bouw- en afbraakmaterialen in de ruimste zin van het woord,verwarmingsinstallaties en -toestellen,sanitaire installaties,ventilatie- en koelsystemen,luchtverversingsinstallaties,bevochtigings- en ontvochtigingsinstallaties,fotovoltaïsche installaties en zonnecollectoren,bewakingssystemen,verlichtingsartikelen,alsmede installatiemateriaal voor loodgieterswerk,sanitair,ventilatie,klimaatregeling en verwarming,in de ruimste zin van het woord;
- De aan- en verkoop,groot- en kleinhandel,import en export van woon-,winkel- en kantoorinrichting in de ruime zin van het woord,meubilair,verlichtingsartikelen,decoratiemateriaal,interieurartikelen en accessoires,geschenken,antiquiteiten en tweedehands goederen;
- Het in de ruimste zin van het woord verlenen van diensten – zowel consultancy als implementatie – advies en bijstand aan particulieren,de bedrijfswereld en de overheid hieronder begrepen het verlenen van adviezen van financiële,technische,(bedrijfs-) economische,sociale,organisatorische,commerciële of administratieve aard,adviesverlening rond planning,marketing en marketing communicatie.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gentsestraat 61 registered office 9420 Erpe-Mere 16230 Manufacture of other builders' carpentry and joinery | 29-06-2021 | 2.319.045.316 |
Buildings and parcels at the address
- Ground area
- 679 m²
- Buildings
- 173 m²
- Volume, LiDAR
- 897 m³
- Tallest building
- 10.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41009A0069/00G000 | 679 m² | 1 · 173 m² | 10.0 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0770.474.364