Equity
-€153,904
Debts exceed assets in financial year 2025.
MULTINETH
Lifetime
5 annual accounts with figures on one time axispeak €60,109 (2025)
€60,109▲ 37.9%
lowest -€61,832 (2022)
-€24,599▲ €14,188
peak €19,842 (2021)
-€153,904▼ €24,599
€310,312▲ 0.1%
Board5 names since 2015
1 directorCroux Inge
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €43,580 to €60,109Loss of €24,599Equity from -€129,305 to -€153,904Cash from €20,610 to €11,390
Key points
from the 2025 annual accountsLosses
-€173,746 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €180,000 estimated
The micro format states no turnover.
Debts
€310,312 198% of the balance sheet
Financial debts 39%Suppliers 22%Taxes and wages 4%Other 34%
Of this, €211,996 falls due within a year.
Board
1 joined
New director. Latest change 01-09-2026 · 2 in office.
Position in the sector
-€153,904
Less equity than 95% of companies in education. Sector median €32,704 · 2,617 companies.
Checked score
53
Fair
Financially stronger than 12% of micro companies in education (NACE 85)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%highest value
01-2025: 2.1%● unchanged vs 12-2024highest value
02-2025: 2.1%● unchanged vs 01-2025highest value
03-2025: 2.0%▼ -0.1 percentage points vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 1.9%▼ -0.1 percentage points vs 04-2025
06-2025: 1.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.9%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -1.3 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.5%▼ -0.1 percentage points vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.2 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€153,904
Loss of €24,599, the second in a row (financial year 2025)
lowers risk
Size: total assets €156,408
Sector: Education (NACE 85)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 6% of them on solvency, 6% on liquidity, 15% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as MULTINETH has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MULTINETH itself is lower: 0.7% within 12 months. It rests on far more data about MULTINETH than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,907 companies, not a prediction for MULTINETH. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.12 (0.19 in 2024), below 1. Short-term debt is 135.5% and cash 7.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€153,904
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 days early
2024
22 days early
2023
30 days early
2022
38 days early
2021
40 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 32 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CI
Croux Inge
Director, since 30-12-2021
- Ingrid Croux 9,504 sharesdeed of 06-01-2022
- Sarah Tolleneer 8,496 sharesdeed of 06-01-2022
Recent changes
Appointment: Tolleneer Peter (director)
General meeting of 18-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0599881850
Resignation: Tolleneer Sarah (director)
Director discharge: Tolleneer Sarah · General meeting of 31-07-2024 · Gazette deed
Registered office moved from Herentals to Grobbendonk
New registered office: Vaartkom 1, 2280 Grobbendonk · Previous registered office: Meivuurstraat 41, 2200 Herentals · Board meeting of 01-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MULTINETH Grobbendonk | €156,408 | €60,109 | -98.4% | - |
| LifeKompas Antwerp | €172,429 | €79,791 | 37.2% | - |
| ALLEA Ixelles | €175,346 | €61,434 | 92.2% | - |
| Les Débrouillardes Evere | €131,361 | €67,444 | 26.1% | - |
| COLLIPOWER Assenede | €161,104 | €49,325 | 74.6% | - |
| CBTRA Genk | €141,341 | €43,134 | 56.5% | - |
| ALTHUR Schilde | €187,980 | €40,073 | 14.5% | - |
These companies have the same main activity as MULTINETH: other education (NACE 85599). They are comparable in size and age: total assets between €131,000 and €188,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 04-03-2015Normal situation
- Activity
- Other educationNACE 85599and 2 others
- Joint committee
- 330.04Health institutions and services · annual accounts 2025
- Establishment unit
- 2.241.902.8972280 Grobbendonk, since 04-03-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 16-05-2025
Annual accounts 2025
- €156,408▼ 13.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on MULTINETH
MULTINETH files the micro format. That format states no turnover. The gross margin rose from €28,877 in 2021 to €60,109 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MULTINETH
- What is the company number of MULTINETH?
- The company number of MULTINETH is 0599.881.850. The VAT number is the same number with BE in front: BE 0599.881.850.
- Where is MULTINETH based?
- The registered office is at Vaartkom 1, 2280 Grobbendonk.Company details
- What does MULTINETH do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of MULTINETH?
- MULTINETH is a private limited company (BV).
- When was MULTINETH founded?
- MULTINETH was founded on 04-03-2015.
- Is MULTINETH still active?
- Yes, MULTINETH is an active enterprise in the KBO register.
- How many employees does MULTINETH have?
- MULTINETH had an average of 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MULTINETH fall under?
- In its 2025 annual accounts, MULTINETH states joint committee 330.04 (Health institutions and services).
- What is the turnover of MULTINETH?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €60,109 and 2,667 comparable companies of the same size. It probably lies between €120,000 and €310,000. It is a rough estimate.
- Is MULTINETH profitable?
- In financial year 2025, MULTINETH made a loss of €24,599.
- Where can I find the annual accounts of MULTINETH?
- MULTINETH filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MULTINETH due?
- MULTINETH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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