MULTISHOP
ActiveMULTISHOP has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency17▲+2
Growth58=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.03 in 2023), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
8.3%
Return on assets
2.8%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 3539 sector peers (2024).
NBB · sector comparisonPosition among 3539 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
31 d late
2022
59 d late
2021
31 d late
2020
122 d late
2019
110 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k▲ 50.1%
2023 · €15k
2018: €28k
2019: €12k
2020: €-25k
2021: €-13k
2022: €-2k
2023: €15k
2018 → 2024
Total assets
€261k▼ 6.7%
2023 · €280k
2018: €173k
2019: €334k
2020: €294k
2021: €275k
2022: €282k
2023: €280k
2018 → 2024
Net result
€7k▼ 55.5%
2023 · €16k
2018: €308
2019: €-16k
2020: €-37k
2021: €11k
2022: €12k
2023: €16k
2018 → 2024
Working capital
€805▼ 60.2%
2023 · €2k
2018: €36k
2019: €-6k
2020: €-27k
2021: €-17k
2022: €-8k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-25k-€-13k▲ 45.8%€-2k▲ 86.6%€15k€22k▲ 50.1%
Operating result€-30k-€19k€22k▲ 16.4%€31k▲ 43.6%€21k▼ 33.8%
Net result€-37k-€11k€12k▲ 2.6%€16k▲ 40.0%€7k▼ 55.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €261k
Fixed assets
€206k▼ 3.7%
Current assets
€56k▼ 16.3%
Equity and liabilities €261k
Equity
€22k▲ 50.1%
Debt
€240k▼ 9.8%
The debt ratio falls from 94.8% to 91.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€41k▼
2023 · €53k
Cash flow
€27k▼
2023 · €39k
Solvency
8.3%▲
2023 · 5.2%
Current ratio
1.01▼
2023 · 1.03
Quick ratio
0.28▼
2023 · 0.37
Debt / equity
11.00▼
2023 · 18.29
ROE
33.4%▼
2023 · 112.5%
ROA
2.8%▼
2023 · 5.8%
Interest coverage
4.26▼
2023 · 5.29
Debt
€240k▼
2023 · €266k
Debt ≤ 1 year
€55k▼
2023 · €64k
Debt > 1 year
€185k▼
2023 · €201k
Income taxes
€4k▼
2023 · €5k
Staff costs
€29k▲
2023 · €24k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€280k€261k▼
Fixed assets21/28€214k€206k▼
Tangible fixed assets22/27€214k€206k▼
Land and buildings22€192k€179k▼
Plant, machinery and equipment23€17k€23k▲
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26-€823
Current assets29/58€66k€56k▼
Stocks and contracts in progress3€42k€40k▼
Stocks30/36€42k€40k▼
Amounts receivable within one year40/41€13k€8k▼
Trade receivables40€13k€8k▼
Other amounts receivable41€94€109▲
Cash at bank and in hand54/58€9k€7k▼
Deferred charges and accrued income490/1€2k€988▼
Equity and liabilities
Total equity and liabilities10/49€280k€261k▼
Equity10/15€15k€22k▲
Contributions10/11€16k€16k=
Outside capital11€16k€16k=
Other1109/19€16k€16k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-3k€4k▲
Amounts payable17/49€266k€240k▼
Amounts payable after more than one year17€201k€185k▼
Financial debts170/4€201k€185k▼
Amounts payable within one year42/48€64k€55k▼
Current portion of amounts payable after more than one year42€20k€16k▼
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€29k€17k▼
Income statement
Code20232024
Non-recurring operating income76A€57-
Remuneration, social security and pensions62€24k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€82k€76k▼
Operating profit (loss)9901€31k€21k▼
Financial income75/76B€192-
Recurring financial income75€192-
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Non-recurring financial charges66B-€174
Profit (loss) for the period before taxes9903€21k€11k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€16k€7k▼
Profit (loss) for the period to be appropriated9905€16k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€4k▲
Profit (loss) brought forward from the previous period14P€-19k€-3k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €16k ▲40%
Operating result €31k, net result €16k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 72 days late
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tervuren · 2 establishment units since 1988
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.
Leuvensesteenweg 8c3080 TervurenGround area
4,768 m²
Building footprint
1,241 m²
Volume, LiDAR
16,344 m³
2 parcels, Flanders · tallest building 26.2 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Hakobyan
since 19882.033.854.824
Multishop
since 20222.328.897.942
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24432D0161/00P000 | Flanders | 3,722 m² | 1 · 293 m² | 26.2 m · 8 fl. |
| 24302D0054/00A003 | Flanders | 1,045 m² | 1 · 948 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.328.897.942
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 4,164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1988
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52710
95230Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
25620Manufacture of fabricated metal products, except machinery and equipment
47120Other non-specialised retail sale
47191Retail trade
47252Retail sale of beverages, general range
47260Retail trade
47559Retail sale of other household articles
47599Retail trade
47721Retail sale of footwear
74209Other photographic activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:multishop@skynet.be
Phone:0494046208