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MULTIPLE LAST SOLUTIONS

Active
Private limited companyfounded 200421 yrs activeNotenstraat 6, 9030 Gent, BelgiumKBO/BCE: BE 0869.890.654
Summary

The computed 12-month bankruptcy probability of MULTIPLE LAST SOLUTIONS is 1.5% (moderate). The 2024 annual accounts show negative equity (-€15,529) and a net result of -€9,869. Equity is shrinking by ~58% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability26▲+11
Solvency19▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2023; short-term debt: 54.5% and cash: 0% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-5.9%
Return on assets
-3.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€15,529
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
7 d late
2022
31 d late
2021
26 d late
2020
11 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

MULTIPLE LAST SOLUTIONS was incorporated on 28 October 2004.1 Total assets fell from EUR 324,880 in 2018 to EUR 263,286 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€15,529▼ 174%
2023 · -€5,660
Total assets
€263,286▲ 2.7%
2023 · €256,436
Net result
-€9,869▲ 42.7%
2023 · -€17,217
Working capital
-€142,771▼ 31.0%
2023 · -€108,982
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
Line20202021202220232024
Operating result-€4,395▲ 52.7%-€3,750▲ 14.7%-€2,643▲ 29.5%-€8,778▼ 232%-€2,203▲ 74.9%
Net result-€13,088▲ 35.0%-€12,441▲ 4.9%-€11,776▲ 5.3%-€17,217▼ 46.2%-€9,869▲ 42.7%
Equity€35,773▼ 26.8%€23,332▼ 34.8%€11,557▼ 50.5%-€5,660-€15,529▼ 174%
Total assets€295,685▼ 4.2%€278,757▼ 5.7%€266,898▼ 4.3%€256,436▼ 3.9%€263,286▲ 2.7%
Debt€259,912▲ 0.1%€255,424▼ 1.7%€255,342=€262,096▲ 2.6%€278,816▲ 6.4%
Working capital-€55,683▼ 14.1%-€69,619▼ 25.0%-€83,605▼ 20.1%-€108,982▼ 30.4%-€142,771▼ 31.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2020: -€4,395-€4,395Net result 2020: -€13,088-€13,088Operating result 2021: -€3,750-€3,750Net result 2021: -€12,441-€12,441Operating result 2022: -€2,643-€2,643Net result 2022: -€11,776-€11,776Operating result 2023: -€8,778-€8,778Net result 2023: -€17,217-€17,217Operating result 2024: -€2,203-€2,203Net result 2024: -€9,869-€9,86920202021202220232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€2,643-€2,640Net result 2022: -€11,776-€11,800Operating result 2023: -€8,778-€8,780Net result 2023: -€17,217-€17,200Operating result 2024: -€2,203-€2,200Net result 2024: -€9,869-€9,870202220232024
The operating result stays negative: a loss of €2,203 in 2024 against €8,778 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263,286
Fixed assets €262,547 ▲ 2.7%
Current assets €739 ▲ 10.3%
Key figures and ratios
2024 value · change against 2023
EBITDA
€11,371▲
2023 · €4,795
Cash flow
€3,704▲
2023 · -€3,644
Solvency
-5.9%▼
2023 · -2.2%
Current ratio
0.01▼
2023 · 0.01
Debt to equity
-17.95▲
2023 · -46.31
ROA
-3.7%▲
2023 · -6.7%
Interest coverage
1.48▲
2023 · 0.57
Debt ≤ 1 year
€143,510▲
2023 · €109,652
Debt > 1 year
€135,305▼
2023 · €152,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
5.9% stopped otherwise
90% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,662 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% 1.7%
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 75% 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 2,799 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 · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€256,436€263,286▲
Fixed assets21/28€255,766€262,547▲
Tangible fixed assets22/27€255,766€262,547▲
Land and buildings22€255,766€262,547▲
Current assets29/58€670€739▲
Amounts receivable within one year40/41€624€708▲
Other amounts receivable41€624€708▲
Cash at bank and in hand54/58€46€31▼
Equity and liabilities
Total equity and liabilities10/49€256,436€263,286▲
Equity10/15-€5,660-€15,529▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14-€26,120-€35,989▼
Amounts payable17/49€262,096€278,816▲
Amounts payable after more than one year17€152,443€135,305▼
Financial debts170/4€152,443€135,305▼
Amounts payable within one year42/48€109,652€143,510▲
Current portion of amounts payable after more than one year42€16,353€17,138▲
Trade debts44€4,657-
Suppliers440/4€4,657-
Other amounts payable47/48€88,642€126,372▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,573€13,573=
Other operating charges640/8€2,398€2,087▼
Gross operating margin9900€7,193€13,458▲
Operating profit (loss)9901-€8,778-€2,203▲
Financial charges65/66B€8,439€7,667▼
Recurring financial charges65€8,439€7,667▼
Profit (loss) for the period before taxes9903-€17,217-€9,869▲
Profit (loss) for the period9904-€17,217-€9,869▲
Profit (loss) for the period to be appropriated9905-€17,217-€9,869▲
Appropriation of the result
Profit (loss) to be appropriated9906-€26,120-€35,989▼
Profit (loss) brought forward from the previous period14P-€8,903-€26,120▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,394€13,394€13,394€13,573€13,573=
Other operating charges640/8-€1,439€1,956€2,398€2,087▼ 13.0%
Gross operating margin9900€10,427€11,083€12,707€7,193€13,458▲ 87.1%
Operating profit (loss)9901-€4,395-€3,750-€2,643-€8,778-€2,203▲ 74.9%
Financial charges65/66B-€9,811€9,133€8,439€7,667▼ 9.2%
Recurring financial charges65€8,693€9,811€9,133€8,439€7,667▼ 9.2%
Profit (loss) for the period before taxes9903-€13,088-€13,561-€11,776-€17,217-€9,869▲ 42.7%
Income taxes67/77--€1,120----
Profit (loss) for the period9904-€13,088-€12,441-€11,776-€17,217-€9,869▲ 42.7%
Profit (loss) for the period to be appropriated9905-€13,088-€12,441-€11,776-€17,217-€9,869▲ 42.7%
Line20202021202220232024Change
Assets
Total assets20/58€295,685€278,757€266,898€256,436€263,286▲ 2.7%
Fixed assets21/28€290,746€277,352€263,958€255,766€262,547▲ 2.7%
Tangible fixed assets22/27€290,746€277,352€263,958€255,766€262,547▲ 2.7%
Land and buildings22-€277,352€263,958€255,766€262,547▲ 2.7%
Current assets29/58€4,939€1,404€2,940€670€739▲ 10.3%
Amounts receivable within one year40/41€4,912€1,391€2,919€624€708▲ 13.5%
Trade receivables40--€1,200---
Other amounts receivable41-€1,391€1,719€624€708▲ 13.5%
Cash at bank and in hand54/58€27€13€21€46€31▼ 32.0%
Equity and liabilities
Total equity and liabilities10/49€295,685€278,757€266,898€256,436€263,286▲ 2.7%
Equity10/15€35,773€23,332€11,557-€5,660-€15,529▼ 174%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1-€1,860€1,860---
Reserves not available under the articles1311-€1,860€1,860---
Distributable reserves133---€1,860€1,860=
Profit (loss) carried forward14€15,313€2,872-€8,903-€26,120-€35,989▼ 37.8%
Amounts payable17/49€259,912€255,424€255,342€262,096€278,816▲ 6.4%
Amounts payable after more than one year17€199,290€184,401€168,797€152,443€135,305▼ 11.2%
Financial debts170/4-€184,401€168,797€152,443€135,305▼ 11.2%
Amounts payable within one year42/48€60,622€71,024€86,545€109,652€143,510▲ 30.9%
Current portion of amounts payable after more than one year42-€14,889€15,604€16,353€17,138▲ 4.8%
Trade debts44€6,837€1,630-€4,657--
Suppliers440/4-€1,630-€4,657--
Other amounts payable47/48-€54,504€70,941€88,642€126,372▲ 42.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€13,088-€12,441-€11,776-€17,217-€9,869▲ 42.7%
+ Depreciation and write-downs630€13,394€13,394€13,394€13,573€13,573=
Operating cash flow (approximation)€305€953€1,618-€3,644€3,704▲ 202%
Investment in fixed assets (approximation)-€0€0-€5,380-€20,355▼ 278%
Change in cash--€14€8€25-€15▼ 159%

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

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
11-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
28-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial Weakest financial yearnet -€20,126
Net result drops to -€20,126, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
29-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated 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, Gent · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
387 m²
Building footprint
121 m²
Volume, LiDAR
534 m³
Parcel 44038A0840/00B004, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
M.L.S.
Notenstraat 6, 9030 GentWholesale trade
since 20052.148.175.361
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44038A0840/00B004 Flanders 387 m² 1 · 121 m² 8.0 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-10-2004
Fiscal year end31-12
Abbreviation NL M.L.S.
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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