MULTISYN
ActiveSummary
MULTISYN has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,528 and a net result of -€34,289. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-65
Solvency90▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.5 in 2024; short-term debt: 28.5% and cash: 10.6% of total assets), and 35.2% 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+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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
64.8%
Return on assets
-14.5%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
58 d early
2023
1 d early
2022
on the day
2021
on the day
2020
24 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 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€153,528▼ 18.3%
2024 · €187,817
Total assets
€237,062▼ 23.4%
2024 · €309,656
Net result
-€34,289
2024 · €11,444
Working capital
€97,803▼ 24.7%
2024 · €129,866
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,138▼ 11.0%€49,339▲ 2.5%€83,931▲ 70.1%€32,736▼ 61.0%-€19,350
Net result€33,540▼ 2.5%€29,135▼ 13.1%€60,029▲ 106%€11,444▼ 80.9%-€34,289
Equity€99,858▲ 50.6%€141,344▲ 41.5%€201,373▲ 42.5%€187,817▼ 6.7%€153,528▼ 18.3%
Total assets€230,092▲ 33.4%€357,032▲ 55.2%€443,673▲ 24.3%€309,656▼ 30.2%€237,062▼ 23.4%
Debt€130,233▲ 27.9%€215,688▲ 65.6%€242,300▲ 12.3%€121,839▼ 49.7%€83,534▼ 31.4%
Working capital€90,356▲ 40.2%€139,067▲ 53.9%€164,621▲ 18.4%€129,866▼ 21.1%€97,803▼ 24.7%
Staff (FTE)5.6▲ 19.1%7.4▲ 32.1%16▲ 116%10.4▼ 35.0%11.5▲ 10.6%
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 turns negative in 2025: a loss of €19,350 after €32,736 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237,062
Fixed assets
€71,774 ▼ 23.1%
Current assets
€165,288 ▼ 23.6%
Equity and liabilities €237,062
Equity
€153,528 ▼ 18.3%
Debt
€83,534 ▼ 31.4%
Debt's share of the balance-sheet total falls from 39.3% to 35.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,673▼
2024 · €67,012
Cash flow
-€4,266▼
2024 · €45,721
Current ratio
2.45▼
2024 · 2.50
Debt to equity
0.54▼
2024 · 0.65
ROE
-22.3%▼
2024 · 6.1%
ROA
-14.5%▼
2024 · 3.7%
Interest coverage
0.89▼
2024 · 10.12
Debt ≤ 1 year
€67,484▼
2024 · €86,446
Debt > 1 year
€16,049▼
2024 · €35,393
Income taxes
€2,894▼
2024 · €14,669
Staff costs
€686,521▲
2024 · €530,438
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,112 | - | - |
| Remuneration, social security and pensions62 | - | €299,759 | €390,138 | €530,438 | €686,521 | ▲ 29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,872 | €13,436 | €17,260 | €34,276 | €30,023 | ▼ 12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €929 | - | - | - | - |
| Other operating charges640/8 | - | €4,473 | €3,376 | €4,561 | €3,030 | ▼ 33.6% |
| Gross operating margin9900 | €302,228 | €367,935 | €494,705 | €602,011 | €700,224 | ▲ 16.3% |
| Operating profit (loss)9901 | €48,138 | €49,339 | €83,931 | €32,736 | -€19,350 | ▼ 159% |
| Financial income75/76B | - | €2 | - | €0 | €1 | ▲ 506% |
| Recurring financial income75 | €1,405 | €2 | - | €0 | €1 | ▲ 506% |
| Financial charges65/66B | - | €3,999 | €4,188 | €6,622 | €12,047 | ▲ 81.9% |
| Recurring financial charges65 | €2,378 | €3,999 | €4,188 | €6,622 | €12,047 | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | €47,165 | €45,342 | €79,743 | €26,114 | -€31,395 | ▼ 220% |
| Income taxes67/77 | €13,625 | €16,206 | €19,713 | €14,669 | €2,894 | ▼ 80.3% |
| Profit (loss) for the period9904 | €33,540 | €29,135 | €60,029 | €11,444 | -€34,289 | ▼ 400% |
| Profit (loss) for the period to be appropriated9905 | €33,540 | €29,135 | €60,029 | €11,444 | -€34,289 | ▼ 400% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,092 | €357,032 | €443,673 | €309,656 | €237,062 | ▼ 23.4% |
| Fixed assets21/28 | €24,711 | €50,494 | €106,080 | €93,345 | €71,774 | ▼ 23.1% |
| Intangible fixed assets21 | - | - | - | €2,283 | €906 | ▼ 60.3% |
| Tangible fixed assets22/27 | €24,711 | €50,205 | €105,791 | €90,772 | €60,579 | ▼ 33.3% |
| Furniture and vehicles24 | - | €50,205 | €100,778 | €79,285 | €52,159 | ▼ 34.2% |
| Other tangible fixed assets26 | - | - | €5,013 | €11,488 | €8,421 | ▼ 26.7% |
| Financial fixed assets28 | - | €289 | €289 | €289 | €10,289 | ▲ 3,460% |
| Current assets29/58 | €205,381 | €306,538 | €337,593 | €216,311 | €165,288 | ▼ 23.6% |
| Amounts receivable within one year40/41 | €167,931 | €210,774 | €250,083 | €62,019 | €42,884 | ▼ 30.9% |
| Trade receivables40 | - | €204,103 | €249,796 | €40,781 | €30,778 | ▼ 24.5% |
| Other amounts receivable41 | - | €6,671 | €287 | €21,239 | €12,106 | ▼ 43.0% |
| Current investments50/53 | - | €56,800 | €56,800 | €56,800 | €56,800 | = |
| Cash at bank and in hand54/58 | €29,459 | €31,303 | €22,190 | €85,620 | €25,019 | ▼ 70.8% |
| Deferred charges and accrued income490/1 | - | €7,661 | €8,520 | €11,872 | €40,585 | ▲ 242% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,092 | €357,032 | €443,673 | €309,656 | €237,062 | ▼ 23.4% |
| Equity10/15 | €99,858 | €141,344 | €201,373 | €187,817 | €153,528 | ▼ 18.3% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €58,655 | €58,655 | €58,655 | €58,655 | = |
| Non-distributable reserves130/1 | - | €58,655 | €58,655 | €56,800 | €56,800 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Own shares acquired1312 | - | €56,800 | €56,800 | €56,800 | €56,800 | = |
| Distributable reserves133 | - | - | - | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €91,803 | €64,139 | €124,168 | €110,612 | €76,323 | ▼ 31.0% |
| Amounts payable17/49 | €130,233 | €215,688 | €242,300 | €121,839 | €83,534 | ▼ 31.4% |
| Amounts payable after more than one year17 | €15,208 | €48,217 | €69,328 | €35,393 | €16,049 | ▼ 54.7% |
| Financial debts170/4 | - | €48,217 | €69,328 | €35,393 | €16,049 | ▼ 54.7% |
| Amounts payable within one year42/48 | €115,025 | €167,471 | €172,973 | €86,446 | €67,484 | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | - | €26,541 | €43,044 | €34,245 | €19,344 | ▼ 43.5% |
| Trade debts44 | €44,940 | €82,280 | €94,085 | €6,885 | €3,313 | ▼ 51.9% |
| Suppliers440/4 | - | €82,280 | €94,085 | €6,885 | €3,313 | ▼ 51.9% |
| Taxes, remuneration and social security45 | - | €58,650 | €35,843 | €45,315 | €44,828 | ▼ 1.1% |
| Taxes450/3 | - | €11,565 | €11,783 | €10,912 | €18,848 | ▲ 72.7% |
| Remuneration and social security454/9 | - | €47,085 | €24,060 | €34,403 | €25,980 | ▼ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,540 | €29,135 | €60,029 | €11,444 | -€34,289 | ▼ 400% |
| + Depreciation and write-downs630 | €6,872 | €13,436 | €17,260 | €34,276 | €30,023 | ▼ 12.4% |
| Operating cash flow (approximation) | €40,413 | €42,572 | €77,289 | €45,721 | -€4,266 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€39,219 | -€72,846 | -€21,541 | -€8,453 | ▲ 60.8% |
| Change in cash | - | €1,844 | -€9,112 | €63,430 | -€60,602 | ▼ 196% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€34,289
Net result drops to -€34,289, the lowest in the series.
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €60,029 ▲106%
Operating result €83,931, net result €60,029, both a record.
30-06
Financial
Equity above €200,000Eq €201,373 ▲42.5%
5 profitable years in a row build equity to €201,373.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100,000Eq €141,344 ▲41.5%
4 profitable years in a row build equity to €141,344.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Beersel · 1 establishment unit since 2015
Ground area
1,795 m²
Building footprint
402 m²
Volume, LiDAR
2,740 m³
Parcel 23046C0590/00H002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bergensesteenweg 94, 1651 Beersel
since 20152.240.603.691
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23046C0590/00H002 | Flanders | 1,795 m² | 1 · 402 m² | 8.9 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 930 EUR awarded · 1,950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 930 EUR | 930 EUR |
| 2023 | 1 | 0 EUR | 1,020 EUR |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,259 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
Founded17-03-2015
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.