MULTIRACK
ActiveSummary
MULTIRACK has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-4k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 28% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-2
Solvency52▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 73.5% and cash: 0.3% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
31 d late
2023
30 d late
2022
27 d late
2021
28 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 9.4%
2024 · €46k
2018: €47k
2019: €19k
2020: €44k
2021: €52k
2022: €47k
2023: €48k
2024: €46k
2018 → 2025
Total assets
€156k▼ 0.3%
2024 · €156k
2018: €235k
2019: €232k
2020: €227k
2021: €200k
2022: €156k
2023: €165k
2024: €156k
2018 → 2025
Net result
€-4k▼ 48.6%
2024 · €-3k
2018: €25k
2019: €-28k
2020: €25k
2021: €8k
2022: €-5k
2023: €2k
2024: €-3k
2018 → 2025
Working capital
€-114k▼ 3.9%
2024 · €-109k
2018: €-149k
2019: €-195k
2020: €-159k
2021: €-103k
2022: €-108k
2023: €-107k
2024: €-109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€47k▼ 9.4%€48k▲ 3.5%€46k▼ 5.9%€41k▼ 9.4%
Operating result€33k-€-940€3k€-2k€-4k▼ 81.8%
Net result€8k-€-5k€2k€-3k€-4k▼ 48.6%
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 stays negative: a loss of €4k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€155k =
Current assets
€511 ▼ 46.2%
Equity and liabilities €156k
Equity
€41k ▼ 9.4%
Debt
€114k ▲ 3.5%
Debt's share of the balance-sheet total rises from 70.8% to 73.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2024 · 0.01
Debt to equity
2.77▲
2024 · 2.43
ROE
-10.4%▼
2024 · -6.3%
ROA
-2.7%▼
2024 · -1.8%
Debt ≤ 1 year
€114k▲
2024 · €110k
Income taxes
€192▼
2024 · €556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€156k▼
Fixed assets21/28€155k€155k=
Financial fixed assets28€155k€155k=
Current assets29/58€950€511▼
Amounts receivable within one year40/41-€11
Other amounts receivable41-€11
Cash at bank and in hand54/58€950€500▼
Equity and liabilities
Total equity and liabilities10/49€156k€156k▼
Equity10/15€46k€41k▼
Contributions10/11€149k€149k=
Profit (loss) carried forward14€-103k€-107k▼
Amounts payable17/49€110k€114k▲
Amounts payable within one year42/48€110k€114k▲
Taxes, remuneration and social security45€10-
Taxes450/3€10-
Other amounts payable47/48€110k€114k▲
Income statement
Code20242025
Other operating charges640/8€480-
Gross operating margin9900€-2k€-4k▼
Operating profit (loss)9901€-2k€-4k▼
Financial charges65/66B€168€168=
Recurring financial charges65€168€168=
Profit (loss) for the period before taxes9903€-2k€-4k▼
Income taxes67/77€556€192▼
Profit (loss) for the period9904€-3k€-4k▼
Profit (loss) for the period to be appropriated9905€-3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-103k€-107k▼
Profit (loss) brought forward from the previous period14P€-100k€-103k▼
The notes to these accounts (2 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-28k ▼211%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ninove · 1 establishment unit since 2015
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.
Geraardsbergsesteenweg(Voo) 5959400 NinoveGround area
1,316 m²
Building footprint
278 m²
Volume, LiDAR
1,596 m³
Parcel 41073A0640/00C000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MULTIRACK
since 20152.300.776.652
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41073A0640/00C000 | Flanders | 1,316 m² | 1 · 278 m² | 9.6 m · 2 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.
Similar companies · same sector, comparable size
PHOENIX BUSINESS INTELLIGENCE
BE 0770.222.758
Vorst · Eq €41,231
VetoH
BE 0788.991.664
Beersel · Eq €41,232
HOWNVESTOR
BE 0757.883.962
Ukkel · Eq €41,227
HONU PRODUCTION
BE 0794.193.735
Evere · Eq €41,225
CAPITAL MANAGEMENT SUPPORT
BE 0893.128.290
Antwerpen · Eq €41,241
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,930 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-08-2002
Fiscal year end31-12
Trade name NL
ONDER DEN TOREN
Activities, NACEBEL 2025
70200Business and other management consultancy
46471Wholesale trade
46472Wholesale trade
56111Full-service restaurants
69203Activities of company auditors
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.