Summary
Multiply 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 €19,572 and a net result of €201,091. Equity is shrinking by about 27% per year across the filed financial years. Its solvency ranks better than 12% of 6,676 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €19,572
- Profit
- €201,091
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Highest result from 2019 to 2025net €216,213 ▲15.3%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 6% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,589 | €7,091 | €8,843 | €236 | €162 | €736 | €2,492 | ▲ 239% |
| Other operating charges640/8 | - | - | €1,495 | €788 | €630 | €617 | €595 | ▼ 3.5% |
| Non-recurring operating charges66A | - | - | €139 | - | €340 | - | - | - |
| Gross operating margin9900 | €120,181 | €63,998 | €140,916 | €202,074 | €245,102 | €280,362 | €266,384 | ▼ 5.0% |
| Operating profit (loss)9901 | €107,227 | €51,793 | €130,439 | €201,050 | €243,971 | €279,009 | €263,297 | ▼ 5.6% |
| Financial income75/76B | - | - | €149 | €279 | €2,364 | €4,312 | €841 | ▼ 80.5% |
| Recurring financial income75 | €17 | €150 | €149 | €279 | €2,364 | €4,312 | €841 | ▼ 80.5% |
| Financial charges65/66B | - | - | €430 | €317 | €277 | €304 | €1,340 | ▲ 341% |
| Recurring financial charges65 | €268 | €592 | €430 | €317 | €277 | €304 | €1,340 | ▲ 341% |
| Profit (loss) for the period before taxes9903 | €106,977 | €51,351 | €130,157 | €201,011 | €246,058 | €283,017 | €262,798 | ▼ 7.1% |
| Income taxes67/77 | €23,830 | €11,683 | €29,607 | €46,257 | €58,510 | €66,805 | €61,707 | ▼ 7.6% |
| Profit (loss) for the period9904 | €83,147 | €39,668 | €100,551 | €154,754 | €187,549 | €216,213 | €201,091 | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €83,147 | €39,668 | €100,551 | €154,754 | €187,549 | €216,213 | €201,091 | ▼ 7.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €130,722 | €199,386 | €304,378 | €432,759 | €271,348 | €316,221 | €252,712 | ▼ 20.1% |
| Fixed assets21/28 | €14,969 | €27,881 | €19,607 | €340 | €2,064 | €2,567 | €19,770 | ▲ 670% |
| Tangible fixed assets22/27 | €14,969 | €27,881 | €19,607 | €340 | €2,064 | €2,567 | €19,770 | ▲ 670% |
| Furniture and vehicles24 | - | - | €19,607 | €340 | €2,064 | €2,567 | €19,770 | ▲ 670% |
| Current assets29/58 | €115,753 | €171,505 | €284,771 | €432,419 | €269,284 | €313,654 | €232,942 | ▼ 25.7% |
| Amounts receivable after more than one year29 | - | - | - | €50,000 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €50,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €14,624 | €12,705 | €49,610 | €71,885 | €91,513 | €133,144 | €118,899 | ▼ 10.7% |
| Trade receivables40 | - | - | €49,610 | €64,511 | €87,725 | €129,908 | €104,828 | ▼ 19.3% |
| Other amounts receivable41 | - | - | - | €7,375 | €3,788 | €3,236 | €14,071 | ▲ 335% |
| Current investments50/53 | €50,000 | €50,135 | €50,238 | €67,794 | €62,847 | €149,030 | €62,621 | ▼ 58.0% |
| Cash at bank and in hand54/58 | €50,081 | €108,240 | €183,986 | €241,771 | €113,979 | €29,714 | €50,499 | ▲ 70.0% |
| Deferred charges and accrued income490/1 | - | - | €937 | €969 | €945 | €1,766 | €924 | ▼ 47.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €130,722 | €199,386 | €304,378 | €432,759 | €271,348 | €316,221 | €252,712 | ▼ 20.1% |
| Equity10/15 | €95,547 | €135,215 | €235,766 | €40,519 | €54,268 | €20,481 | €19,572 | ▼ 4.4% |
| Contributions10/11 | - | - | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,147 | €122,815 | €223,366 | €28,119 | €35,668 | €1,881 | €972 | ▼ 48.3% |
| Distributable reserves133 | - | - | €223,366 | €28,119 | €35,668 | €1,881 | €972 | ▼ 48.3% |
| Amounts payable17/49 | €35,175 | €64,171 | €68,612 | €392,239 | €217,079 | €295,739 | €233,140 | ▼ 21.2% |
| Amounts payable after more than one year17 | €6,346 | €14,237 | €7,965 | - | - | - | - | - |
| Financial debts170/4 | - | - | €7,965 | - | - | - | - | - |
| Amounts payable within one year42/48 | €28,794 | €49,839 | €60,558 | €392,201 | €216,937 | €295,499 | €233,135 | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | €6,271 | - | - | - | - | - |
| Trade debts44 | €73 | €513 | €15 | - | €162 | €1,076 | €13 | ▼ 98.8% |
| Suppliers440/4 | - | - | €15 | - | €162 | €1,076 | €13 | ▼ 98.8% |
| Taxes, remuneration and social security45 | - | - | €53,663 | €94,701 | €63,343 | €81,759 | €61,422 | ▼ 24.9% |
| Taxes450/3 | - | - | €53,663 | €94,701 | €63,343 | €81,759 | €61,422 | ▼ 24.9% |
| Other amounts payable47/48 | - | - | €608 | €297,500 | €153,433 | €212,664 | €171,700 | ▼ 19.3% |
| Accrued charges and deferred income492/3 | - | - | €89 | €39 | €142 | €241 | €4 | ▼ 98.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,147 | €39,668 | €100,551 | €154,754 | €187,549 | €216,213 | €201,091 | ▼ 7.0% |
| + Depreciation and write-downs630 | €11,589 | €7,091 | €8,843 | €236 | €162 | €736 | €2,492 | ▲ 239% |
| Operating cash flow (approximation) | €94,736 | €46,759 | €109,394 | €154,990 | €187,711 | €216,949 | €203,583 | ▼ 6.2% |
| Investment in fixed assets (approximation) | - | -€20,002 | -€569 | €19,032 | -€1,886 | -€1,239 | -€19,695 | ▼ 1,490% |
| Change in cash | - | €58,159 | €75,746 | €57,785 | -€127,792 | -€84,266 | €20,785 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-03-2026 | 2026-00070459 |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00212206 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00192837 |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00183560 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20152898 |
| 31-12-2020 | abbreviated format | 13-08-2021 | 2021-48400504 |
| 31-12-2019 | micro format | 05-08-2020 | 2020-39200057 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| STEVENS,Tom Pierre Francine |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
03-08
Gazette deed
Resignation: STEVENS Tom Pierre Francine (director)Purpose change · Director discharge5 facts ▸
- General meeting, 29-07-2022
- Other provision, 27-07-2022
- Purpose change
- Director resignation, STEVENS Tom Pierre Francine (director)
- Director discharge, STEVENS Tom Pierre Francine
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71065B0179/00S000 | Flanders | 173 m² | 1 · 82 m² | 9.0 m · 3 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “De participatie,onder welke vorm het ook zij,in de oprichting,ontwikkeling,commerciële,financiële,industriële of andere,alsook de verwerving…” (deed in Dutch)
20 activities (deed in Dutch)
- De participatie,onder welke vorm het ook zij,in de oprichting,ontwikkeling,commerciële,financiële,industriële of andere,alsook de verwerving van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop,aankoopoptie,verhandeling of op iedere andere wijze;
- Het verlenen van technische,administratieve,financiële en commerciële bijstand,in de meest ruime zin genomen,aan derden;
- Het waarnemen,bekleden en uitoefenen van mandaten en functies van bestuur en/of controle in en over vennootschappen of bedrijven;
- Managementactiviteiten van holdings,het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van het bezit of de controle over het maatschappelijk kapitaal en alle andere managementactiviteiten;
- Projectontwikkeling voor de nieuwbouw of renovatie van individuele woningen,appartements- en kantoorgebouwen;
- Projectontwikkeling voor de bouw of aanleg van commerciële en industriële centra,industriezones en markten,hotels en stadswijken;
- Projectontwikkeling voor grond- en ruilverkavelingen;
- De handel in eigen onroerende goederen:woningen,appartements- en kantoorgebouwen,industriële gebouwen,gronden en terreinen;
- De verhuur van niet-residentiële gebouwen zoals kantoorgebouwen,handelspanden,tentoonstellingsruimtes,enzovoort;
- De verhuur van gronden en terreinen,zowel bebouwd als onbebouwd;
- De verhuur van garageboxen en staanplaatsen voor auto’s;
- De verhuur van al dan niet gemeubelde huizen en appartementen;
- De verhuur van appartementen in hotels;
- Het bemiddelen bij de aankoop,verkoop en verhuur van onroerende goederen;
- Het vormen en beheren van een onroerend en/of roerend patrimonium bestaande uit lichamelijke of onlichamelijke onroerende en/of roerende goederen;
- Het huren,verhuren,in erfpacht of gebruik nemen van onroerende en/of roerende goederen en onroerende leasing;
- Het verwerven en beheren van onroerende goederen of zakelijke rechten daarop,in België of in het buitenland;
- Het optreden als gevolmachtigde van derden;
- Het verlenen van borgstellingen in het voordeel van derden;
- Het toestaan van leningen en kredietopeningen,onder eender welke vorm,aan derden.
Read from the deeds: 1 provision, deed of 03-08-2022