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MultiSeal

Active
Private limited companyfounded 20251 yr activeGrote Baan 147B, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 1027.580.089
Summary

The computed 12-month bankruptcy probability of MultiSeal is 2.2% (moderate). The 2025 annual accounts show negative equity (-€9,238) and a net result of -€19,238. Its solvency ranks better than 12% of 11472 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36; short-term debt: 145.3% and cash: 7% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025
Solvency, return and age of the figures
Solvency
-45.3%
Return on assets
-94.4%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 1 filing
Deviation from the deadline
2025
41 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 September 2025, MultiSeal was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€9,238
Total assets
€20,378
Net result
-€19,238
Working capital
-€19,066

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €19,238
Fixed assets €8,688
Current assets €10,550
Key figures and ratios
2025 value
EBITDA
-€18,711
Cash flow
-€18,752
Solvency
-45.3%
Current ratio
0.36
Quick ratio
0.19
Debt to equity
-3.21
ROA
-94.4%
Interest coverage
-446.55
Debt
€29,616
Debt ≤ 1 year
€29,616
Staff costs
€242

Peer companies

Historical observation

Of the 1,323 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,323 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
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€20,378
Formation expenses20€1,140
Fixed assets21/28€8,688
Intangible fixed assets21€2,989
Tangible fixed assets22/27€5,699
Land and buildings22€3,901
Plant, machinery and equipment23€1,797
Current assets29/58€10,550
Stocks and contracts in progress3€4,885
Stocks30/36€4,885
Amounts receivable within one year40/41€2,233
Trade receivables40€337
Other amounts receivable41€1,896
Cash at bank and in hand54/58€1,436
Deferred charges and accrued income490/1€1,996
Equity and liabilities
Total equity and liabilities10/49€20,378
Equity10/15-€9,238
Contributions10/11€10,000
Profit (loss) carried forward14-€19,238
Amounts payable17/49€29,616
Amounts payable within one year42/48€29,616
Trade debts44€861
Suppliers440/4€861
Other amounts payable47/48€28,755
Accrued charges and deferred income492/3€0
Income statement Code2025
Remuneration, social security and pensions62€242
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€486
Other operating charges640/8€611
Gross operating margin9900-€17,857
Operating profit (loss)9901-€19,196
Financial charges65/66B€42
Recurring financial charges65€42
Profit (loss) for the period before taxes9903-€19,238
Profit (loss) for the period9904-€19,238
Profit (loss) for the period to be appropriated9905-€19,238
Appropriation of the result
Profit (loss) to be appropriated9906-€19,238

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€242
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€486
Other operating charges640/8€611
Gross operating margin9900-€17,857
Operating profit (loss)9901-€19,196
Financial charges65/66B€42
Recurring financial charges65€42
Profit (loss) for the period before taxes9903-€19,238
Profit (loss) for the period9904-€19,238
Profit (loss) for the period to be appropriated9905-€19,238
Line2025
Assets
Total assets20/58€20,378
Formation expenses20€1,140
Fixed assets21/28€8,688
Intangible fixed assets21€2,989
Tangible fixed assets22/27€5,699
Land and buildings22€3,901
Plant, machinery and equipment23€1,797
Current assets29/58€10,550
Stocks and contracts in progress3€4,885
Stocks30/36€4,885
Amounts receivable within one year40/41€2,233
Trade receivables40€337
Other amounts receivable41€1,896
Cash at bank and in hand54/58€1,436
Deferred charges and accrued income490/1€1,996
Equity and liabilities
Total equity and liabilities10/49€20,378
Equity10/15-€9,238
Contributions10/11€10,000
Profit (loss) carried forward14-€19,238
Amounts payable17/49€29,616
Amounts payable within one year42/48€29,616
Trade debts44€861
Suppliers440/4€861
Other amounts payable47/48€28,755
Accrued charges and deferred income492/3€0
Line2025
Profit (loss) for the period9904-€19,238
+ Depreciation and write-downs630€486
Operating cash flow (approximation)-€18,752

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
10-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Houthalen-Helchteren · 1 establishment unit since 2025
seat establishment approximate The establishment unit on the map
Ground area
1,941 m²
Building footprint
315 m²
Volume, LiDAR
2,766 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MultiSeal
Grote Baan 147, 3530 Houthalen-HelchterenOther specialised construction activities
since 20252.378.016.168
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72015B0383/02F000 Flanders 1,357 m² 1 · 315 m² 12.7 m · 3 fl.
72015B0265/00C000 Flanders 584 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 396 companies in sector 46839 we hold annual accounts for 251. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded12-09-2025
Fiscal year end31-12
Activities, NACEBEL 2025
46833Wholesale trade
46839Wholesale trade
43990Other specialised construction activities
46831Wholesale of construction materials, general range
46836Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1027580089
Registered 07-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.