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MULTIPLE WAYS

Active Private limited companyfounded 2016active for 10 yearsSmetslaan 27, 3090 OverijseKBO/BCE: BE 0649.410.545
MULTIPLE WAYS
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €53,702 (2017)
€24,166▲ 12.0%
lowest -€66,151 (2019)
€22,834▲ 11.7%
peak €49,757 (2018)
-€32,154▲ €22,834
€82,050▼ 6.6%
Board2 names since 2017
1 directorDERNOUCHAMPS Donatienne
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Equity from -€54,988 to -€32,154Cash from €19,518 to €38,780

Key points

from the 2025 annual accounts

Equity

-€32,154
202020212022202320242025

Debts exceed assets in financial year 2025.

Debts

€82,050 164% of the balance sheet
Suppliers 2%Taxes and wages 4%Other 94%

Position in the sector

-€32,154

Less equity than 94% of companies in advertising and market research. Sector median €58,792 · 8,622 companies.

2025 accounts filed 2 days after the deadline

Checked score

56
Fair
Financially stronger than 52% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.4%▼ -0.1 percentage points vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.6%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 0.4%▼ -0.2 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.3%▼ -0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Average

0=equity -64.4% of total assets
50=short-term debt 164.4% · cash 77.7%
100=return on assets 45.8%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€32,154
lowers risk
Liquidity: current ratio 0.54, cash €38,780
Size: total assets €49,896
Sector: Advertising, market research and public relations activities (NACE 73)
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 73, micro). It does better than 5% of them on solvency, 36% on liquidity, 88% on profitability and 81% on growth.

The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 3,632 companies had the same profile as MULTIPLE WAYS has now. Each dot stands for 10 companies, two years later.

91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more

Another 0.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MULTIPLE WAYS itself is lower: 0.3% within 12 months. It rests on far more data about MULTIPLE WAYS 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,632 companies, not a prediction for MULTIPLE WAYS. 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 0.54 (0.31 in 2024), below 1. Short-term debt is 164.4% and cash 77.7% of total assets. Equity is negative.

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

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 0.54, cash €38,780
NBB · annual accounts
raises risk · Negative equity -€32,154
NBB · annual accounts
lowers risk · Size: total assets €49,896
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 8615 sector peers (2025).
NBB · sector comparison
Position among 8615 sector peers
Solvency
better than 7%
← weakest strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
2 days late
2024
46 days early
2023
1 day early
2022
7 days early
2021
6 days early
2020
41 days early
2019
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 25 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DD
DERNOUCHAMPS Donatienne
Director, since 01-01-2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0649410545
Resignation: DERNOUCHAMPS Donatienne (manager) Reappointment: DERNOUCHAMPS Donatienne (director) · General meeting of 07-06-2024 · Gazette deed
Resignation: Joseph DAVID (manager) Director discharge: Joseph DAVID (manager) · General meeting of 31-12-2018 · Gazette deed
First establishment Smetslaan 27, Overijse
All 18 events

Comparable companies

same main activity, similar in size and age
Company
MULTIPLE WAYS Overijse €49,896 €24,166 -64.4% -
ATD CONSULT Brussels €52,901 €26,562 5.7% -
KRIDES Ninove €53,762 €21,467 45.8% -
VHIO Braine-l'Alleud €51,508 €28,058 -5.9% -
Vmotion Bruges €57,000 €29,052 42.5% -
RUSHSLOWLY SRL Lasne €43,431 €21,918 71.6% -
FABULOUS4 Sint-Niklaas €39,509 €24,804 55.5% -

These companies have the same main activity as MULTIPLE WAYS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €39,500 and €57,000, founded between 2014 and 2016.

Official details

Source: KBO
Status
Active since 25-02-2016Normal situation
Activity
Public relations and communication consultancyNACE 73300and 5 others
Establishment unit
2.250.631.1173090 Overijse, since 01-03-2016
Financial year end
30 June
Peppol
Reachable since 24-12-2025
Company details

Annual accounts to 30-06-2025

€24,166▲ 12.0%
≈ €150,000estimated
€22,834▲ 11.7%
-€32,154▲ 41.5%
€49,896▲ 51.9%
Filing
Filed on 02-02-2026
Financials

Insights on MULTIPLE WAYS

MULTIPLE WAYS files the micro format. That format states no turnover. The gross margin fell from €53,702 in 2017 to €24,166 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 02-02-2026, 2 days late
€24,166
▲ 12.0%
€23,210
▲ 11.6%
€22,834
▲ 11.7%
-€37,567
▲ €23,012
-64.4%
▲ 102.9 percentage points
0.54
▲ 0.23

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 ≈ €150,000. Estimated: probably between €64,000 and €250,000.

Balance sheet

balance sheet total €49,896 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-64.4%

Higher than 7% of 8,615 companies in 2025.

0.54

Higher than 12% of 8,291 companies in 2025.

45.8%

Higher than 88% of 8,400 companies in 2025.

MULTIPLE WAYS Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 49,89632,85715,19614,45035,63022,23925,82679,35491,259
21/28 5,4135,5925,1446,5888,0327,31911,19830,62441,962
22/27 357535871,5312,9752,2626,14124,66136,000
24 357535871,5312,9751,5984,33821,71931,919
26 ----06641,8032,9424,081
28 5,0575,0575,0575,0575,0575,0575,0575,9635,963
29/58 44,48327,26510,0537,86327,59814,92014,62848,73049,297
40/41 5,0276,6102571,90923,7028,2049,53916,89441,583
40 5,0276,6102451,90923,7028,0009,53916,89441,583
41 -012-0204---
50/53 --99-----
54/58 38,78019,5188,6214,5063,2115,4572,70130,7806,658
490/1 6761,1371,1651,4386861,2592,3891,0571,057
Balance sheet: equity and liabilities
10/49 49,89632,85715,19614,45035,63022,23925,82679,35491,259
10/15 -32,154-54,988-75,426-72,337-45,861-50,157-16,39349,75730,307
10/11 6,2006,2006,2006,2006,200-6,2006,2006,200
100 ------18,60018,60018,600
101 ------12,40012,40012,400
11 -----6,200---
1100/10 -----6,200---
13 1,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 -01,8601,8601,8601,860---
130 ------1,8601,8601,860
1311 -01,8601,8601,860----
1319 -----1,860---
133 1,8601,860-------
14 -40,214-63,048-83,486-80,397-53,921-58,217-24,45341,69722,247
17/49 82,05087,84590,62286,78781,49072,39742,21929,59760,952
17 -------6,69112,771
170/4 -------6,69112,771
42/48 82,05087,84590,62286,78781,37472,20342,19122,90648,181
42 -------6,0805,990
44 1,9522,8841,900423708425,0221,7443,337
440/4 1,9522,8841,900423708425,0221,7443,337
45 2,9921,3782,9891,5821,33214794514,60637,445
450/3 2,9921,3782,9891,5821,33214794514,60620,945
454/9 --------16,500
47/48 77,10783,58385,73384,78279,97271,21436,2244761,410
492/3 ---011619428--
Income statement
9900 24,16621,582-651-23,7418,643-29,378-60,20140,11853,702
630 179881,4441,4443,6193,8794,89211,33816,063
640/8 7787065225194933426075362,228
9901 23,21020,788-2,617-25,7044,531-33,599-65,70028,24435,412
75/76B 200--0000-
75 200--0000-
65/66B 2191903476548818259318386
65 2191903476548818259318386
9903 23,01120,598-2,963-26,3584,442-33,617-65,95827,92635,026
67/77 1771611251181461471938,47610,919
9904 22,83420,438-3,089-26,4764,297-33,764-66,15119,45124,107
9905 22,83420,438-3,089-26,4764,297-33,764-66,15119,45124,107
Appropriation of the result
9906 -40,214-63,048-83,486-80,397-53,921-58,217-24,45341,69724,107
14P -63,048-83,486-80,397-53,921-----
691/2 --------1,860
6920 --------1,860
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

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 02-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026829.

Financial year Type Filed Reference Document
30-06-2025 micro format 02-02-2026 2026-00026829 PDF
30-06-2024 micro format 16-12-2024 2024-00616195 PDF
30-06-2023 micro format 30-01-2024 2024-00012100 PDF
30-06-2022 micro format 24-01-2023 2023-00002464 PDF
30-06-2021 micro format 25-01-2022 2022-01600200 PDF
30-06-2020 micro format 21-12-2020 2020-76500505 PDF
30-06-2019 micro format 19-12-2019 2019-77000166 PDF
30-06-2018 micro format 10-01-2019 2019-00900454 PDF
30-06-2017 micro format 19-12-2017 2017-72500280 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
23,38820,876-1,173-24,2608,150-29,721-60,80839,58251,474
23,01220,525-1,645-25,0327,916-29,886-61,25930,78940,170
0536004,3320-14,534058,025
19,26110,8984,1151,296-2,2472,757-28,07924,122-
-37,567-60,580-80,569-78,925-53,776-57,282-27,56325,8241,116
-64.4%-167.4%-496.3%-500.6%-128.7%-225.5%-63.5%62.7%33.2%
0.540.310.110.090.340.210.352.131.02
-------0.592.01
-------39.1%79.5%
45.8%62.2%-20.3%-183.2%12.1%-151.8%-256.1%24.5%26.4%
over 100over 100-3.38-37.08-----

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets-€536--
€179€88€1,444€1,444

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on MULTIPLE WAYS

The operating result for 2025 is 12% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.

Equity is negative. Debt (€82,050) exceeds the balance-sheet total (€49,896).

Board & ownership

Board

1 director, last change in 2024
DERNOUCHAMPS Donatienne
Director
since 01-01-2017 term without a fixed end
earlier manager, until 21-06-2024
listed in the 2025 annual accounts, filed on 02-02-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
DERNOUCHAMPS Donatienne
Director
Joseph DAVID
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • DERNOUCHAMPS Donatienne
    • Director, from 01-01-2017 to date
    • Manager, until 21-06-2024
  • Joseph DAVID
    • Manager, until 31-12-2018

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 21-06-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Vereffenaars bij ontbinding, een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”

Network & group

No group

MULTIPLE WAYS has no parent and no holdings in its annual accounts. DERNOUCHAMPS Donatienne is the only director. MULTIPLE WAYS shares no director with another company.

Timeline

Timeline

18 events since 2016

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 2 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0649410545
2024
Annual accounts 2024 filed PDFmicro format · 46 days before the deadline
Back to profit net €20,438 The net result is €20,438, after 2 loss-making years.
Resignation: DERNOUCHAMPS Donatienne (manager)Reappointment: DERNOUCHAMPS Donatienne (director) · General meeting of 07-06-20246 points ▸
  • Director resignation, DERNOUCHAMPS Donatienne (manager)
  • Director reappointment, DERNOUCHAMPS Donatienne
  • Registered office clause, Smetslaan 27, 3090 Overijse
  • Power of attorney, Jean VINCKE
  • General meeting, 07-06-2024
  • 6,200 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 7 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 6 days before the deadline
2021
Back to profit net €4,297 The net result is €4,297, after 2 loss-making years.
2020
Annual accounts 2020 filed PDFmicro format · 41 days before the deadline
2019
Annual accounts 2019 filed PDFmicro format · 43 days before the deadline
Weakest financial year net -€66,151 The net result drops to -€66,151, the lowest from 2017 to 2025. It recovers the following year.
Resignation: Joseph DAVID (manager)Director discharge: Joseph DAVID (manager) · General meeting of 31-12-20183 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 21 days before the deadline
2018
Liquidity more than doubled current ratio 2.13 The current ratio rises from 1.02 to 2.13. Short-term debt falls from €48,181 to €22,906.
2017
Annual accounts 2017 filed PDFmicro format · 43 days before the deadline
2016
First establishment Smetslaan 27, Overijse
Incorporation PDFpublished on 29-02-2016

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

On 25 February 2016, MULTIPLE WAYS was incorporated.1 Total assets went from €25,826 in 2019 to €49,896 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0649.410.545
VAT number
BE 0649.410.545
Peppol ID
0208:0649410545
Other Peppol ID
9925:BE0649410545
Legal form
Private limited company
Status
Active, normal situation
Founded
25-02-2016
Financial year
ends on 30 June
Peppol
Reachable since 24-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MULTIPLE WAYS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 21-06-2024 (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 21-06-2024 (in Dutch)

Activities

NACEBEL 2025
73300 Public relations and communication consultancy main activity
64999 Other financial services
68110 Buying and selling of own real estate
82910 Office administrative, office support and other business support activities
85599 Other education
86931 Psychology services
Codes under NACEBEL 2008
70210 Activities of head offices; management consultancy activities main activity
64999 Financial service activities, except insurance and pension funding
68100 Real estate activities
82910 Office administrative, office support and other business support activities
85599 Other education
86904 Human health activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitvoeren van managementopdrachten,bestuurders-,zaakvoerders en vereffeningopdrachten in andere vennootschappen,Belgische en…”
5 activities
  1. Het uitvoeren van managementopdrachten,bestuurders-,zaakvoerders en vereffeningopdrachten in andere vennootschappen,Belgische en buitenlandse,alsook het uitvoeren van opdrachten van marketing,consulting,investment consulting,en activiteiten van soortgelijke aard;het verlenen van adviezen,diensten en bijstand op het financiële- en fiscale vlak.
  2. Het uitvoeren van administratieve werkzaamheden voor derden.Het verlenen van administratieve-boekhoudkundige- en juridische ondersteuning;
  3. Het organiseren van coaching,opleidingen en seminaries van uiteenlopende aard en in het algemeen,het ondersteunen van ondernemingen op vlak van beheer van personeelszaken en Human Ressources in de ruimste zin van het woord.
  4. Activiteiten van public relations en communicatie daarin begrepen het organiseren van persrelaties,gebeurtenissen,cocktails,feesten,enz.
  5. Activiteiten op het vlak van de menselijke en geestelijke gezondheidszorg (met uitzondering van psychiatrische ziekenhuizen en verzorgingstehuizen).
deed of 21-06-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Smetslaan 27 registered office 3090 Overijse 01-03-2016 2.250.631.117

Buildings and parcels at the address

Ground area
2,081 m²
Buildings
258 m²
Volume, LiDAR
1,565 m³
Tallest building
9.8 m
Buildings to scale, each on its own parcel
257 m², 9.8 m 257 m², 9.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
23543O0005/00F0092,081 m² 1 · 257 m² 9.8 m · 2

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