Multiple Choise
ActiveSummary
Multiple Choise has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,484 and a net result of -€1,825. Equity has been growing by about 30% per year since 2018. Its solvency ranks better than 22% of 2,480 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-03-1995 Normal situation
- Activity
- Performing arts by artistic ensembles NACE 90202
- Establishment unit
- 2.071.405.702 8850 Ardooie, since 28-04-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Turnover
- €38,821
- ▼ 7.1%
- Loss
- €1,825
- Equity
- €2,484
- ▼ 42.4%
- Total assets
- €22,069
- ▼ 22.3%
Score breakdownraises riskLoss of €1,825 (financial year 2025)Equity €2,484 (11.3% of total assets)lowers riskSize: turnover €38,821, total assets €22,069Sector: Arts creation and performing arts activities (NACE 90)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 90, micro). It does better than 24% of them on solvency, 11% on liquidity, 36% on profitability and 25% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 27 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,055, after a profit of €13,024 in 2024. It is the lowest result since 2021.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,477 | - | - | €20,713 | - |
| Depreciation and write-downs of the year | €3,431 | €495 | €496 | €1,152 | €4,638 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €48,502 | €38,918 | €18,521 | €40,497 | €35,937 | €32,427 | €41,778 | €38,821 | ▼ 7.1% |
| Non-recurring operating income76A | - | - | - | - | - | - | €6,331 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €26,921 | €31,853 | €22,975 | €31,747 | €33,463 | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,952 | €2,952 | €2,951 | €3,431 | €495 | €496 | €1,152 | €4,638 | ▲ 303% |
| Other operating charges640/8 | - | - | - | €1,354 | €2,142 | €1,412 | €2,186 | €1,775 | ▼ 18.8% |
| Gross operating margin9900 | €6,913 | €7,984 | €3,848 | €13,576 | €4,084 | €9,452 | €16,362 | €5,358 | ▼ 67.3% |
| Operating profit (loss)9901 | €2,747 | €3,436 | -€45 | €8,791 | €1,447 | €7,544 | €13,024 | -€1,055 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €15 | - |
| Recurring financial income75 | €1 | - | - | - | - | - | - | €15 | - |
| Financial charges65/66B | - | - | - | €560 | €529 | €373 | €373 | €396 | ▲ 6.2% |
| Recurring financial charges65 | €831 | €937 | €729 | €560 | €529 | €373 | €373 | €396 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €1,917 | €2,499 | -€774 | €8,231 | €918 | €7,171 | €12,651 | -€1,436 | - |
| Income taxes67/77 | -€3 | -€3 | -€16 | - | - | - | €2,912 | €389 | ▼ 86.6% |
| Profit (loss) for the period9904 | €1,920 | €2,502 | -€758 | €8,231 | €918 | €7,171 | €9,739 | -€1,825 | - |
| Profit (loss) for the period to be appropriated9905 | €1,920 | €2,502 | -€758 | €8,231 | €918 | €7,171 | €9,739 | -€1,825 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8,887 | €7,986 | €3,822 | €8,628 | €2,830 | €4,427 | €28,403 | €22,069 | ▼ 22.3% |
| Fixed assets21/28 | €8,886 | €5,934 | €2,983 | €2,029 | €1,534 | €1,038 | €20,599 | €15,961 | ▼ 22.5% |
| Tangible fixed assets22/27 | €8,855 | €5,903 | €2,952 | €1,998 | €1,503 | €1,007 | €20,568 | €15,930 | ▼ 22.5% |
| Furniture and vehicles24 | - | - | - | €1,998 | €1,503 | €1,007 | €20,568 | €15,930 | ▼ 22.5% |
| Financial fixed assets28 | €31 | €31 | €31 | €31 | €31 | €31 | €31 | €31 | = |
| Current assets29/58 | €1 | €2,052 | €839 | €6,599 | €1,296 | €3,389 | €7,804 | €6,108 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €1 | €1,879 | €94 | €2,641 | €437 | €562 | €4,076 | €3,059 | ▼ 25.0% |
| Trade receivables40 | - | - | - | €2,569 | - | €544 | €36 | €2,420 | ▲ 67× |
| Other amounts receivable41 | - | - | - | €72 | €437 | €18 | €4,040 | €639 | ▼ 84.2% |
| Cash at bank and in hand54/58 | - | €173 | €745 | €3,852 | €859 | €2,827 | €3,728 | €3,049 | ▼ 18.2% |
| Deferred charges and accrued income490/1 | - | - | - | €106 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8,887 | €7,986 | €3,822 | €8,628 | €2,830 | €4,427 | €28,403 | €22,069 | ▼ 22.3% |
| Equity10/15 | -€23,494 | -€20,992 | -€21,750 | -€13,519 | -€12,601 | -€5,430 | €4,309 | €2,484 | ▼ 42.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | - | - | - | €5,980 | €5,980 | €5,980 | €5,980 | €5,980 | = |
| Distributable reserves133 | - | - | - | €5,980 | €5,980 | €5,980 | €5,980 | €5,980 | = |
| Profit (loss) carried forward14 | -€42,086 | -€39,584 | -€40,342 | -€38,091 | -€37,173 | -€30,002 | -€20,263 | -€22,088 | ▼ 9.0% |
| Amounts payable17/49 | €32,381 | €28,978 | €25,572 | €22,147 | €15,431 | €9,857 | €24,094 | €19,585 | ▼ 18.7% |
| Amounts payable after more than one year17 | €8,026 | €4,968 | €1,848 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €24,355 | €24,010 | €23,724 | €22,147 | €15,431 | €9,857 | €24,094 | €19,585 | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,848 | - | - | - | - | - |
| Financial debts43 | - | - | - | - | €158 | - | - | €49 | - |
| Credit institutions430/8 | - | - | - | - | €158 | - | - | €49 | - |
| Trade debts44 | €5,575 | €4,841 | €2,525 | €2,969 | €2,240 | €803 | €204 | €1,870 | ▲ 817% |
| Suppliers440/4 | - | - | - | €2,969 | €2,240 | €803 | €204 | €1,870 | ▲ 817% |
| Taxes, remuneration and social security45 | - | - | - | €1,396 | - | €345 | €2,933 | €3,483 | ▲ 18.8% |
| Taxes450/3 | - | - | - | €1,396 | - | €345 | €2,933 | €3,483 | ▲ 18.8% |
| Other amounts payable47/48 | - | - | - | €15,934 | €13,033 | €8,709 | €20,957 | €14,183 | ▼ 32.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,920 | €2,502 | -€758 | €8,231 | €918 | €7,171 | €9,739 | -€1,825 | - |
| + Depreciation and write-downs630 | €2,952 | €2,952 | €2,951 | €3,431 | €495 | €496 | €1,152 | €4,638 | ▲ 303% |
| Operating cash flow (approximation) | €4,872 | €5,454 | €2,193 | €11,662 | €1,413 | €7,667 | €10,891 | €2,813 | ▼ 74.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,477 | €0 | €0 | -€20,713 | €0 | - |
| Change in cash | - | - | €572 | €3,107 | -€2,993 | €1,968 | €901 | -€679 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as Multiple Choise has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Multiple Choise itself is lower: 0.2% within 12 months. It rests on far more data about Multiple Choise than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,450 companies, not a prediction for Multiple Choise. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00351446 | |
| 31-12-2024 | micro format | 26-05-2025 | 2025-00116702 | |
| 31-12-2023 | micro format | 31-05-2024 | 2024-00106409 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00176720 | |
| 31-12-2021 | abbreviated format | 18-05-2022 | 2022-20034686 | |
| 31-12-2020 | abbreviated format | 06-08-2021 | 2021-46800367 | |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-37900550 | |
| 31-12-2018 | abbreviated format | 29-05-2019 | 2019-15300263 | |
| 31-12-2017 | abbreviated format | 25-07-2018 | 2018-37800429 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17800193 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BLOMME Hilde |
|
| VANHUYSE Robrecht |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid aantal aandelen, prijs in oorspronkelijke bekendmaking of bij betwisting door deskundige”“Voor helft ten laste overdrager en andere helft ten laste koper(s) naar evenredigheid verworven aantal bij meer kopers, elke overdracht…”
Articles of association, deed of 01-02-2024 (in Dutch)
Network & group
Multiple Choise shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Multiple Choise. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-02
Gazette deed
Changes of role: VANHUYSE Robrecht (director) and BLOMME Hilde (niet statutair opvolgend bestuurder)Amendment of the articles · Capital conversion · Registered office clause12 points ▸
- General meeting, 29-01-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, VANHUYSE Robrecht (statutory manager)
- Director appointment, VANHUYSE Robrecht (director (not named in the articles))
- Director resignation, BLOMME Hilde (statutair opvolgend zaakvoerder)
- Director appointment, BLOMME Hilde (niet statutair opvolgend bestuurder)
- Amendment of the articles, “artikel 12,vijfde en zesde lid” (deed in Dutch)
- Other provision, “kwijting aan ontslagnemende bestuurders voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “8800 Roeselare,Iepersestraat 513” (deed in Dutch)
- Other provision, “eenhoofdigheid, besloten vennootschap Multiple Choise éénhoofdig” (deed in Dutch)
- General meeting, “alle besluiten genomen door enige aandeelhouder, enige aandeelhouder” (deed in Dutch)
06-06
Gazette deed
Registered office moved within RoeselareDirector in office3 points ▸
- General meeting, 01-04-2023
- Registered-office move, leperstraat,513 8800 Roeselare
- Director in office, Vanhuyse Robrecht (manager)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- De onderneming mag alle taken verrichten die nodig zijn voor het inrichten van,medewerken aan,het organiseren van en het zelf brengen van animatie activiteiten van alle aard,en onder meer in de sector van theater,variété,amusement,concerten van alle aard,zonder dat deze opsomming beperkend is.
- Zij kan als tussenpersoon optreden voor het contracteren van artiesten in de breedste zin van het woord.
- Zij kan de organisatie op zich nemen voor het brengen van de animatie door in te staan voor de nodige licht-,video en muziekapparatuur,het oprichten van podia en alle andere benodigde infrastructuur,het promoten van de happening door in te staan voor het aanmaken en het voeren van de publiciteitscampagnes,het engageren van de artiesten.
- Daarnaast kan zij optreden als tussenpersoon voor de aankoop en de verkoop van publiciteitsmateriaal zoals panelen,folders en gelijkaardige producten volgens eigen concept.Zij kan haar diensten aanbieden bij de realisatie van om het even welke publiciteitsactiviteit.
- Zij mag de televerkoop van allerhande producten organiseren.
- Aan- en verkoop van hard- en software,alsmede van alle computerbenodigdheden;opmaken en verkoop van software;samenstellen van computers en aanverwanten;aan- en verkoop van audio- en video-artikelen,hifi artikelen,telefonie artikelen;het onderhoud en het herstel van alle hierboven vermelde artikelen;aan- en verkoop van documentatie,lectuur,handleidingen en aanverwanten in verband met hard- en software.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36503C0511/00A004 | Flanders | 745 m² | 1 · 98 m² | 10.5 m · 2 |
| 36001A0967/00B006 | Flanders | 521 m² | 1 · 257 m² | 11.5 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.