MULTIS
ActiveSummary
MULTIS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,064 and a net result of €37,745. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency55▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.38 in 2024; short-term debt: 50.4% and cash: 13.3% of total assets), and 70.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
4.3%
Age of the figures
9 mo
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
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
14 d early
2023
19 d late
2022
32 d early
2021
20 d early
2020
3 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€258,064▲ 17.1%
2024 · €220,318
Total assets
€872,075▲ 11.5%
2024 · €782,204
Net result
€37,745▼ 31.6%
2024 · €55,151
Working capital
€149,783▲ 11.0%
2024 · €134,899
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,445▲ 44.4%€63,739▲ 34.3%€69,722▲ 9.4%€92,883▲ 33.2%€74,499▼ 19.8%
Net result€33,058within the sector's middle half▲ 51.5%€43,832within the sector's middle half▲ 32.6%€46,609within the sector's middle half▲ 6.3%€55,151within the sector's middle half▲ 18.3%€37,745within the sector's middle half▼ 31.6%
Equity€74,725within the sector's middle half▲ 79.3%€118,558within the sector's middle half▲ 58.7%€165,167within the sector's middle half▲ 39.3%€220,318within the sector's middle half▲ 33.4%€258,064within the sector's middle half▲ 17.1%
Total assets€378,813within the sector's middle half▲ 20.3%€399,162within the sector's middle half▲ 5.4%€755,913within the sector's middle half▲ 89.4%€782,204within the sector's middle half▲ 3.5%€872,075within the sector's middle half▲ 11.5%
Debt€304,088▲ 11.3%€280,604▼ 7.7%€590,746▲ 111%€561,886▼ 4.9%€614,011▲ 9.3%
Working capital€154,276▲ 315%€238,020▲ 54.3%€66,929▼ 71.9%€134,899▲ 102%€149,783▲ 11.0%
Solvency19.7%within the sector's middle half▲ 6.5pp29.7%within the sector's middle half▲ 10.0pp21.9%below the sector's middle half▼ 7.9pp28.2%within the sector's middle half▲ 6.3pp29.6%within the sector's middle half▲ 1.4pp
Staff (FTE)3.1within the sector's middle half▲ 29.2%4.4within the sector's middle half▲ 41.9%5.9within the sector's middle half▲ 34.1%6.7within the sector's middle half▲ 13.6%2.4within the sector's middle half▼ 64.2%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €872,075
Fixed assets
€283,104 ▼ 2.3%
Current assets
€588,971 ▲ 19.6%
Equity and liabilities €872,075
Equity
€258,064 ▲ 17.1%
Debt
€614,011 ▲ 9.3%
Debt's share of the balance-sheet total falls from 71.8% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,200▼
2024 · €118,149
Cash flow
€64,446▼
2024 · €80,417
Current ratio
1.34▼
2024 · 1.38
Quick ratio
1.09▼
2024 · 1.38
Debt to equity
2.38▼
2024 · 2.55
ROE
14.6%▼
2024 · 25.0%
ROA
4.3%▼
2024 · 7.1%
Interest coverage
6.59▲
2024 · 6.21
Debt ≤ 1 year
€439,187▲
2024 · €357,486
Debt > 1 year
€163,142▼
2024 · €184,399
Income taxes
€21,465▲
2024 · €18,708
Staff costs
€573,888▲
2024 · €513,824
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 4,500 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,525 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €167,198 | €271,234 | €433,736 | €513,824 | €573,888 | ▲ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,678 | €9,126 | €12,916 | €25,266 | €26,701 | ▲ 5.7% |
| Other operating charges640/8 | €88 | €485 | €1,132 | €3,212 | €4,080 | ▲ 27.0% |
| Gross operating margin9900 | €226,409 | €344,585 | €517,506 | €635,185 | €679,167 | ▲ 6.9% |
| Operating profit (loss)9901 | €47,445 | €63,739 | €69,722 | €92,883 | €74,499 | ▼ 19.8% |
| Financial income75/76B | €17 | €0 | €0 | €1 | €72 | ▲ 5,053% |
| Recurring financial income75 | €17 | €0 | €0 | €1 | €72 | ▲ 5,053% |
| Financial charges65/66B | €694 | €1,079 | €2,013 | €19,026 | €15,361 | ▼ 19.3% |
| Recurring financial charges65 | €694 | €1,079 | €2,013 | €19,026 | €15,361 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €46,767 | €62,660 | €67,709 | €73,859 | €59,210 | ▼ 19.8% |
| Income taxes67/77 | €13,710 | €18,828 | €21,100 | €18,708 | €21,465 | ▲ 14.7% |
| Profit (loss) for the period9904 | €33,058 | €43,832 | €46,609 | €55,151 | €37,745 | ▼ 31.6% |
| Profit (loss) for the period to be appropriated9905 | €33,058 | €43,832 | €46,609 | €55,151 | €37,745 | ▼ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €378,813 | €399,162 | €755,913 | €782,204 | €872,075 | ▲ 11.5% |
| Fixed assets21/28 | €42,856 | €40,002 | €308,569 | €289,819 | €283,104 | ▼ 2.3% |
| Tangible fixed assets22/27 | €35,890 | €33,036 | €301,603 | €282,853 | €276,138 | ▼ 2.4% |
| Land and buildings22 | - | - | €230,348 | €228,971 | €227,308 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | €1,698 | €1,298 | €898 | €498 | ▼ 44.6% |
| Furniture and vehicles24 | €12,749 | €11,440 | €7,838 | €3,512 | €11,491 | ▲ 227% |
| Leasing and similar rights25 | - | - | €45,465 | €35,897 | €26,330 | ▼ 26.7% |
| Other tangible fixed assets26 | €23,141 | €19,897 | €16,654 | €13,574 | €10,512 | ▼ 22.6% |
| Financial fixed assets28 | €6,966 | €6,966 | €6,966 | €6,966 | €6,966 | = |
| Current assets29/58 | €335,958 | €359,160 | €447,344 | €492,385 | €588,971 | ▲ 19.6% |
| Stocks and contracts in progress3 | - | - | - | - | €110,953 | - |
| Contracts in progress37 | - | - | - | - | €110,953 | - |
| Amounts receivable within one year40/41 | €239,832 | €270,310 | €243,071 | €236,012 | €288,909 | ▲ 22.4% |
| Trade receivables40 | €239,832 | €269,138 | €240,884 | €235,668 | €286,926 | ▲ 21.8% |
| Other amounts receivable41 | €0 | €1,172 | €2,187 | €344 | €1,983 | ▲ 476% |
| Cash at bank and in hand54/58 | €91,359 | €77,183 | €153,015 | €192,806 | €116,277 | ▼ 39.7% |
| Deferred charges and accrued income490/1 | €4,766 | €11,668 | €51,258 | €63,567 | €72,831 | ▲ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €378,813 | €399,162 | €755,913 | €782,204 | €872,075 | ▲ 11.5% |
| Equity10/15 | €74,725 | €118,558 | €165,167 | €220,318 | €258,064 | ▲ 17.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €68,525 | €112,358 | €158,967 | €214,118 | €251,864 | ▲ 17.6% |
| Non-distributable reserves130/1 | €1,200 | €1,200 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,200 | €1,200 | €0 | - | - | - |
| Distributable reserves133 | €67,325 | €111,158 | €158,967 | €214,118 | €251,864 | ▲ 17.6% |
| Amounts payable17/49 | €304,088 | €280,604 | €590,746 | €561,886 | €614,011 | ▲ 9.3% |
| Amounts payable after more than one year17 | €16,964 | €10,255 | €210,330 | €184,399 | €163,142 | ▼ 11.5% |
| Financial debts170/4 | €16,964 | €10,255 | €210,330 | €184,399 | €163,142 | ▼ 11.5% |
| Amounts payable within one year42/48 | €181,681 | €121,140 | €380,415 | €357,486 | €439,187 | ▲ 22.9% |
| Current portion of amounts payable after more than one year42 | €12,496 | €16,828 | €35,429 | €25,931 | €31,166 | ▲ 20.2% |
| Financial debts43 | - | - | €169 | €26,679 | €100,361 | ▲ 276% |
| Credit institutions430/8 | - | - | €169 | €1,679 | €361 | ▼ 78.5% |
| Other loans439 | - | - | - | €25,000 | €100,000 | ▲ 300% |
| Trade debts44 | €75,316 | €28,001 | €218,109 | €148,094 | €163,995 | ▲ 10.7% |
| Suppliers440/4 | €75,316 | €28,001 | €218,109 | €148,094 | €163,995 | ▲ 10.7% |
| Taxes, remuneration and social security45 | €92,384 | €75,696 | €126,316 | €156,327 | €143,211 | ▼ 8.4% |
| Taxes450/3 | €61,186 | €24,923 | €55,208 | €71,026 | €55,745 | ▼ 21.5% |
| Remuneration and social security454/9 | €31,198 | €50,773 | €71,107 | €85,302 | €87,466 | ▲ 2.5% |
| Other amounts payable47/48 | €1,485 | €614 | €392 | €455 | €455 | = |
| Accrued charges and deferred income492/3 | €105,442 | €149,209 | €0 | €20,000 | €11,682 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,058 | €43,832 | €46,609 | €55,151 | €37,745 | ▼ 31.6% |
| + Depreciation and write-downs630 | €11,678 | €9,126 | €12,916 | €25,266 | €26,701 | ▲ 5.7% |
| Operating cash flow (approximation) | €44,736 | €52,958 | €59,526 | €80,417 | €64,446 | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | -€6,272 | -€281,483 | -€6,516 | -€19,986 | ▼ 207% |
| Change in cash | - | -€14,176 | €75,833 | €39,791 | -€76,528 | ▼ 292% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €55,151 ▲18.3%
Operating result €92,883, net result €55,151, both a record.
31-12
Financial
Equity above €200,000Eq €220,318 ▲33.4%
7 profitable years in a row build equity to €220,318.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Equity above €150,000Eq €165,167 ▲39.3%
6 profitable years in a row build equity to €165,167.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €118,558 ▲58.7%
5 profitable years in a row build equity to €118,558.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oudsbergen · 1 establishment unit since 2014
Ground area
1,629 m²
Building footprint
237 m²
Volume, LiDAR
46 m³
Parcel 72022B0944/00L002, Flanders · tallest building 6.3 m. Linked by address, not a title deed.
1 establishment unit
MULTIS
since 20142.227.600.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022B0944/00L002 | Flanders | 1,629 m² | 1 · 237 m² | 6.3 m |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceown accounts 202250%
- Sourceown accounts 202250%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of MULTIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 17,551 EUR awarded · 17,551 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,562 EUR | 7,024 EUR |
| 2024 | 1 | 7,500 EUR | 5,038 EUR |
| 2023 | 1 | 4,644 EUR | 4,644 EUR |
| 2022 | 1 | 845 EUR | 845 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,989 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546588367
Also
9925:BE0546588367
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.