Multiserv Belgium
ActiveMultiserv Belgium has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+20
Solvency53▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.8 in 2024; short-term debt: 43.4% and cash: 16.3% of total assets), but 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 46
higher
← 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
27.6%
Return on assets
15.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €62k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 8 filingsDeviation from the deadline
2025
22 d late
2024
22 d late
2023
23 d late
2022
59 d early
2021
60 d early
2020
13 d late
2019
52 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€51k
EBIT margin
-19.0%
Net result
€35k▲ 165%
2024 · €13k
2018: €-22k
2019: €-6k
2020: €-10k
2021: €1k
2022: €4k
2023: €15k
2024: €13k
2018 → 2025
Working capital
€87k▲ 29.9%
2024 · €67k
2018: €-14k
2019: €-16k
2020: €-28k
2021: €10k
2022: €17k
2023: €-812
2024: €67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€17k▲ 31.7%€13k▼ 20.9%€26k▲ 101%€62k▲ 134%
Operating result€2k-€4k▲ 76.8%€17k▲ 288%€22k▲ 32.3%€40k▲ 78.2%
Net result€1k-€4k▲ 187%€15k▲ 278%€13k▼ 11.9%€35k▲ 165%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 78% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€40k▲ 59.6%
Current assets
€185k▲ 22.1%
Equity and liabilities €224k
Equity
€62k▲ 134%
Debt
€162k▲ 8.6%
The debt ratio falls from 85.0% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €30k
Cash flow
€44k▲
2024 · €21k
Solvency
27.6%▲
2024 · 15.0%
Current ratio
1.90▲
2024 · 1.80
Quick ratio
0.67▼
2024 · 1.09
Debt / equity
2.63▼
2024 · 5.65
ROE
57.2%▲
2024 · 50.3%
ROA
15.8%▲
2024 · 7.6%
Interest coverage
10.89▲
2024 · 4.77
Debt
€162k▲
2024 · €149k
Debt ≤ 1 year
€97k▲
2024 · €84k
Debt > 1 year
€65k▼
2024 · €66k
Staff costs
€204k▼
2024 · €206k
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€176k€224k▲
Fixed assets21/28€25k€40k▲
Tangible fixed assets22/27€24k€36k▲
Furniture and vehicles24€24k€36k▲
Financial fixed assets28€791€3k▲
Current assets29/58€151k€185k▲
Stocks and contracts in progress3€60k€119k▲
Stocks30/36€60k€119k▲
Amounts receivable within one year40/41€19k€29k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€16k€23k▲
Cash at bank and in hand54/58€72k€36k▼
Deferred charges and accrued income490/1€197€190▼
Equity and liabilities
Total equity and liabilities10/49€176k€224k▲
Equity10/15€26k€62k▲
Profit (loss) carried forward14€26k€62k▲
Amounts payable17/49€149k€162k▲
Amounts payable after more than one year17€66k€65k▼
Financial debts170/4€66k€65k▼
Amounts payable within one year42/48€84k€97k▲
Current portion of amounts payable after more than one year42€15k€25k▲
Trade debts44€26k€37k▲
Suppliers440/4€26k€37k▲
Taxes, remuneration and social security45€43k€35k▼
Taxes450/3€11k€9k▼
Remuneration and social security454/9€32k€26k▼
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€206k€204k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€1k€12k▲
Gross operating margin9900€237k€265k▲
Operating profit (loss)9901€22k€40k▲
Financial income75/76B€4€3▼
Recurring financial income75€4€3▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€16k€35k▲
Income taxes67/77€3k-
Profit (loss) for the period9904€13k€35k▲
Profit (loss) for the period to be appropriated9905€13k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€62k▲
Profit (loss) brought forward from the previous period14P€13k€26k▲
The notes to these accounts (7 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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
31-12
Financial
Highest result since 2018net €35k ▲165%
Operating result €40k, net result €35k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.87
Current ratio from 0.37 to 1.87; short-term debt falls from €44k to €12k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Liège · 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.
Rue des Guillemins 1394000 LiègeGround area
4,768 m²
Parcel 62814C0393/00V002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MULTISERV BELGIUM
since 20182.272.395.046
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0393/00V002 | Wallonia | 4,768 m² | - | - |
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
DC VALVES
BE 0770.591.754
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LD IMMO
BE 0762.516.109
Namur · Eq €62k
LOGOVISION
BE 0835.230.376
Gesves · Eq €62k
SINOBOX
BE 0419.859.055
Fleurus · Eq €62k
NOVA MOUNTING
BE 0687.487.894
Roeselare · Eq €62k
Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,385 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2018
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
82990Other business support services
47552Retail sale of lighting equipment
47553Retail trade
47592Retail trade
47593Retail trade
61100Wired, wireless and satellite telecommunications
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32486695070