Multiply
ActiveMultiply is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €20k and a net result of €201k. Equity is shrinking by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 5487 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5487 sector peers (2025).
NBB · sector comparisonPosition among 5487 sector peers
Solvency
better than 11%
← weakest
strongest →
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 31-03-2026, 122 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
122 d early
2024
34 d early
2023
33 d early
2022
32 d early
2021
31 d early
2020
13 d late
2019
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k▼ 4.4%
2024 · €20k
2019: €96k
2020: €135k
2021: €236k
2022: €41k
2023: €54k
2024: €20k
2019 → 2025
Net result
€201k▼ 7.0%
2024 · €216k
2019: €83k
2020: €40k
2021: €101k
2022: €155k
2023: €188k
2024: €216k
2019 → 2025
Total assets
€253k▼ 20.1%
2024 · €316k
2019: €131k
2020: €199k
2021: €304k
2022: €433k
2023: €271k
2024: €316k
2019 → 2025
Solvency
7.7%▲ 1.3pp
2024 · 6.5%
2019: 73.1%
2020: 67.8%
2021: 77.5%
2022: 9.4%
2023: 20.0%
2024: 6.5%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€41k▼ 82.8%€54k▲ 33.9%€20k▼ 62.3%€20k▼ 4.4%
Operating result€130k-€201k▲ 54.1%€244k▲ 21.3%€279k▲ 14.4%€263k▼ 5.6%
Net result€101k-€155k▲ 53.9%€188k▲ 21.2%€216k▲ 15.3%€201k▼ 7.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253k
Fixed assets
€20k▲ 670%
Current assets
€233k▼ 25.7%
Equity and liabilities €253k
Equity
€20k▼ 4.4%
Debt
€233k▼ 21.2%
The debt ratio falls from 93.5% to 92.3%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
7.7%▲
2024 · 6.5%
ROA
79.6%▲
2024 · 68.4%
Debt
€233k▼
2024 · €296k
Debt ≤ 1 year
€233k▼
2024 · €295k
Income taxes
€62k▼
2024 · €67k
A ratio outside any meaningful range has been withheld (balance sheet total €253k, equity €20k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€316k€253k▼
Fixed assets21/28€3k€20k▲
Tangible fixed assets22/27€3k€20k▲
Furniture and vehicles24€3k€20k▲
Current assets29/58€314k€233k▼
Amounts receivable within one year40/41€133k€119k▼
Trade receivables40€130k€105k▼
Other amounts receivable41€3k€14k▲
Current investments50/53€149k€63k▼
Cash at bank and in hand54/58€30k€50k▲
Deferred charges and accrued income490/1€2k€924▼
Equity and liabilities
Total equity and liabilities10/49€316k€253k▼
Equity10/15€20k€20k▼
Contributions10/11€19k€19k=
Reserves13€2k€972▼
Distributable reserves133€2k€972▼
Amounts payable17/49€296k€233k▼
Amounts payable within one year42/48€295k€233k▼
Trade debts44€1k€13▼
Suppliers440/4€1k€13▼
Taxes, remuneration and social security45€82k€61k▼
Taxes450/3€82k€61k▼
Other amounts payable47/48€213k€172k▼
Accrued charges and deferred income492/3€241€4▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€736€2k▲
Other operating charges640/8€617€595▼
Gross operating margin9900€280k€266k▼
Operating profit (loss)9901€279k€263k▼
Financial income75/76B€4k€841▼
Recurring financial income75€4k€841▼
Financial charges65/66B€304€1k▲
Recurring financial charges65€304€1k▲
Profit (loss) for the period before taxes9903€283k€263k▼
Income taxes67/77€67k€62k▼
Profit (loss) for the period9904€216k€201k▼
Profit (loss) for the period to be appropriated9905€216k€201k▼
Appropriation of the result
Profit (loss) to be appropriated9906€216k€201k▼
Transfer from equity791/2€34k€909▼
Profit to be distributed694/7€250k€202k▼
Return on contributions (dividend)694€250k€202k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €216k ▲15.3%
Operating result €279k, net result €216k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €236k ▲74.4%
3 profitable years in a row build equity to €236k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
31-12
Financial
Weakest financial yearnet €40k ▼52.3%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €135k ▲41.5%
2 profitable years in a row build equity to €135k.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heusden-Zolder · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dorpsstraat 183550 Heusden-ZolderGround area
173 m²
Building footprint
82 m²
Volume, LiDAR
629 m³
Parcel 71065B0179/00S000, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Multiply
since 20182.276.948.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065B0179/00S000 | Flanders | 173 m² | 1 · 82 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,689. 7,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.