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MULTINVEST

Active
Private limited companyfounded 20206 yrs activeHazepad 10, 1755 Pajottegem, BelgiumKBO/BCE: BE 0747.722.223
Summary

MULTINVEST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,579 and a net result of €4,387. Equity is growing by ~58.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability40▼-30
Solvency86▲+36
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.34 in 2024; short-term debt: 38.9% and cash: 5.4% of total assets), and 38.9% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025
Solvency, return and age of the figures
Solvency
61.1%
Return on assets
1.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
12 d early
2024
353 d late
2023
on the day
2022
on the day
2021
on the day
← 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 68 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 May 2020, MULTINVEST was incorporated as a Private limited company.1 Total assets went from EUR 302,837 in 2021 to EUR 400,326 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€244,579▲ 1.8%
2024 · €240,192
Total assets
€400,326▼ 57.7%
2024 · €946,252
Net result
€4,387▼ 96.4%
2024 · €123,539
Working capital
€147,387▼ 38.6%
2024 · €240,192
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€12,117-€161,798€408,700▲ 153%€168,133▼ 58.9%-€3,853
Net result-€12,202below the sector's middle half-€120,474above the sector's middle half€288,381above the sector's middle half▲ 139%€123,539above the sector's middle half▼ 57.2%€4,387within the sector's middle half▼ 96.4%
Equity€7,798below the sector's middle half-€28,272within the sector's middle half▲ 263%€116,653within the sector's middle half▲ 313%€240,192within the sector's middle half▲ 106%€244,579within the sector's middle half▲ 1.8%
Total assets€302,837within the sector's middle half-€1.5mabove the sector's middle half▲ 402%€1.7mabove the sector's middle half▲ 11.2%€946,252within the sector's middle half▼ 44.0%€400,326within the sector's middle half▼ 57.7%
Debt€295,039-€1.5m▲ 405%€1.6m▲ 5.5%€706,061▼ 55.1%€155,747▼ 77.9%
Working capital€218,608-€597,004▲ 173%€116,653▼ 80.5%€240,192▲ 106%€147,387▼ 38.6%
Solvency2.6%below the sector's middle half-1.9%below the sector's middle half▼ 0.7pp6.9%within the sector's middle half▲ 5.0pp25.4%within the sector's middle half▲ 18.5pp61.1%within the sector's middle half▲ 35.7pp
Staff (FTE)0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, 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
  • 2025 Net result -96% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
  • 2024 Net result -57% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: -€12,117-€12,117Net result 2021: -€12,202-€12,202Operating result 2022: €161,798€161,798Net result 2022: €120,474€120,474Operating result 2023: €408,700€408,700Net result 2023: €288,381€288,381Operating result 2024: €168,133€168,133Net result 2024: €123,539€123,539Operating result 2025: -€3,853-€3,853Net result 2025: €4,387€4,38720212022202320242025-€200,000€0€200,000€400,000Operating result 2023: €408,700€409,000Net result 2023: €288,381€288,000Operating result 2024: €168,133€168,000Net result 2024: €123,539€124,000Operating result 2025: -€3,853-€3,850Net result 2025: €4,387€4,390202320242025
The operating result turns negative in 2025: a loss of €3,853 after €168,133 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400,326
Fixed assets €97,193
Current assets €303,134
Equity and liabilities €400,326
Equity €244,579 ▲ 1.8%
Debt €155,747 ▼ 77.9%
Debt's share of the balance-sheet total falls from 74.6% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.95▲
2024 · 1.34
Debt to equity
0.64▼
2024 · 2.94
ROE
1.8%▼
2024 · 51.4%
ROA
1.1%▼
2024 · 13.1%
Debt ≤ 1 year
€155,747▼
2024 · €706,061
Income taxes
-€6,453▼
2024 · €46,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.0% went bankrupt
3.7% stopped otherwise
94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 5,047 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€946,252€400,326▼
Fixed assets21/28-€97,193
Tangible fixed assets22/27-€97,193
Assets under construction and advance payments27-€97,193
Current assets29/58€946,252€303,134▼
Amounts receivable within one year40/41€605,394€179,292▼
Trade receivables40€589,695€134,789▼
Other amounts receivable41€15,699€44,503▲
Cash at bank and in hand54/58€340,349€21,493▼
Deferred charges and accrued income490/1€509€102,349▲
Equity and liabilities
Total equity and liabilities10/49€946,252€400,326▼
Equity10/15€240,192€244,579▲
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€220,192€224,579▲
Amounts payable17/49€706,061€155,747▼
Amounts payable within one year42/48€706,061€155,747▼
Trade debts44€241,792€147,582▼
Suppliers440/4€241,792€147,582▼
Advances received on contracts in progress46€419,201€0▼
Taxes, remuneration and social security45€45,067€0▼
Taxes450/3€45,067€0▼
Other amounts payable47/48€0€8,166▲
Income statement Code20242025
Other operating charges640/8-€20,477
Gross operating margin9900€168,133€16,624▼
Operating profit (loss)9901€168,133-€3,853▼
Financial income75/76B€5,215€4,274▼
Recurring financial income75€5,215€4,274▼
Financial charges65/66B€3,384€2,487▼
Recurring financial charges65€3,384€2,487▼
Profit (loss) for the period before taxes9903€169,964-€2,066▼
Income taxes67/77€46,424-€6,453▼
Profit (loss) for the period9904€123,539€4,387▼
Profit (loss) for the period to be appropriated9905€123,539€4,387▼
Appropriation of the result
Profit (loss) to be appropriated9906€220,192€224,579▲
Profit (loss) brought forward from the previous period14P€96,653€220,192▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€1,128--€20,477-
Gross operating margin9900-€12,067€162,925€408,700€168,133€16,624▼ 90.1%
Operating profit (loss)9901-€12,117€161,798€408,700€168,133-€3,853▼ 102%
Financial income75/76B-€19,372€9,662€5,215€4,274▼ 18.0%
Recurring financial income75-€19,372€9,662€5,215€4,274▼ 18.0%
Financial charges65/66B-€31,272€33,134€3,384€2,487▼ 26.5%
Recurring financial charges65€85€31,272€33,134€3,384€2,487▼ 26.5%
Profit (loss) for the period before taxes9903-€12,202€149,898€385,228€169,964-€2,066▼ 101%
Income taxes67/77-€29,424€96,847€46,424-€6,453▼ 114%
Profit (loss) for the period9904-€12,202€120,474€288,381€123,539€4,387▼ 96.4%
Profit (loss) for the period to be appropriated9905-€12,202€120,474€288,381€123,539€4,387▼ 96.4%
Line20212022202320242025Change
Assets
Total assets20/58€302,837€1.5m€1.7m€946,252€400,326▼ 57.7%
Fixed assets21/28€39,190---€97,193-
Tangible fixed assets22/27€39,190---€97,193-
Assets under construction and advance payments27----€97,193-
Current assets29/58€263,647€1.5m€1.7m€946,252€303,134▼ 68.0%
Amounts receivable within one year40/41€4,465€897,104€715,933€605,394€179,292▼ 70.4%
Trade receivables40-€897,104€715,089€589,695€134,789▼ 77.1%
Other amounts receivable41--€844€15,699€44,503▲ 183%
Cash at bank and in hand54/58€259,182€620,224€972,593€340,349€21,493▼ 93.7%
Deferred charges and accrued income490/1-€1,967€477€509€102,349▲ 20,012%
Equity and liabilities
Total equity and liabilities10/49€302,837€1.5m€1.7m€946,252€400,326▼ 57.7%
Equity10/15€7,798€28,272€116,653€240,192€244,579▲ 1.8%
Contributions10/11-€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€12,202€8,272€96,653€220,192€224,579▲ 2.0%
Amounts payable17/49€295,039€1.5m€1.6m€706,061€155,747▼ 77.9%
Amounts payable after more than one year17€250,000€568,732----
Financial debts170/4-€568,732----
Amounts payable within one year42/48€45,039€922,291€1.6m€706,061€155,747▼ 77.9%
Trade debts44€44,997€58,982€745,405€241,792€147,582▼ 39.0%
Suppliers440/4-€58,982€745,405€241,792€147,582▼ 39.0%
Advances received on contracts in progress46-€575,693€530,489€419,201€0▼ 100%
Taxes, remuneration and social security45-€187,616€96,457€45,067€0▼ 100%
Taxes450/3-€187,616€96,457€45,067€0▼ 100%
Other amounts payable47/48-€100,000€200,000€0€8,166-
Line20212022202320242025Change
Profit (loss) for the period9904-€12,202€120,474€288,381€123,539€4,387▼ 96.4%
Operating cash flow (approximation)-€12,202€120,474€288,381€123,539€4,387▼ 96.4%
Change in cash-€361,042€352,369-€632,243-€318,856▲ 49.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
19-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
19-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 353 days late
2024
30-06
Financial Equity above €200,000Eq €240,192 ▲106%
3 profitable years in a row build equity to €240,192.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Highest result since 2021net €288,381 ▲139%
Operating result €408,700, net result €288,381, both a record.
30-06
Financial Equity above €100,000Eq €116,653 ▲313%
2 profitable years in a row build equity to €116,653.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Back to profitnet €120,474
Net result €120,474 after one loss-making year.
31-01
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 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Pajottegem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
729 m²
Building footprint
198 m²
Volume, LiDAR
1,171 m³
Parcel 23024D0426/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MULTINVEST
Hazepad 10, 1755 PajottegemRepair, maintenance and installation of machinery and equipment
since 20202.305.059.104
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23024D0426/00G000 Flanders 729 m² 1 · 198 m² 8.6 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

Owners and holdings

1 owner

Owners 1

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.

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 5,092 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
Founded29-05-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0747722223
Also 9925:BE0747722223
Registered 08-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.