MULTITOP
ActiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MULTITOP has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.2m and a net result of €10,735. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 67% of 266 sector peers (NACE 82, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 25-04-2014 Normal situation
- Legal form
- Private limited company
- Registered office
- Westdorp 11, 8573 Anzegem
- Activity
- Other business support services NACE 82990and 2 others
- Establishment unit
- 2.230.544.197 8573 Anzegem, since 25-04-2014
- Financial year end
- 31 March
- Peppol
- Reachable since 18-06-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €214,071
- ▼ 60.2%
- Turnover
- ≈ €320,000
- estimated
- Profit
- €10,735
- ▼ 93.4%
- Equity
- €1.2m
- ▲ 0.9%
- Total assets
- €1.8m
- ▼ 1.4%
Why 93lowers riskSize: total assets €1.8mFigures for financial year 2026 (filed 15-09-2026)Equity €1.2m (69.5% of total assets)Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 70% on solvency, 34% on liquidity, 33% on profitability and 42% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 28 days before the deadline; the sector median (NACE 82) for financial year 2023 is 5 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2026, micro format
Annual accounts 2026
- Financial year ended
- 31-03-2026
- Filed on
- 15-09-2026
- Format
- micro format
- Reference
- 2026-00512860
2021 to 2026, 5 financial years 2019 to 2026, 7 financial years
The operating result falls in 2026; 2026 is 80% below 2025 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2026 Net result -93% on 2025. The previous financial year ran 21 months, this one 12.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96.0% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,049 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,508 | - | €1,800 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219,182 | €167,903 | €52,100 | €111,975 | €135,692 | €250,341 | €147,669 | ▼ 41.0% |
| Other operating charges640/8 | - | - | - | €1,538 | €8,939 | €26,665 | €14,455 | ▼ 45.8% |
| Gross operating margin9900 | €642,398 | €225,919 | €397,706 | €330,996 | €260,478 | €537,849 | €214,071 | ▼ 60.2% |
| Operating profit (loss)9901 | €417,364 | €57,620 | €342,806 | €217,482 | €115,847 | €260,844 | €51,947 | ▼ 80.1% |
| Financial income75/76B | - | - | - | - | - | €9 | €59 | ▲ 581% |
| Recurring financial income75 | €4,402 | €955 | €189 | - | - | €9 | €59 | ▲ 581% |
| Financial charges65/66B | - | - | - | €25,372 | €37,060 | €47,810 | €36,837 | ▼ 23.0% |
| Recurring financial charges65 | €18,583 | €13,644 | €16,214 | €25,372 | €37,060 | €47,810 | €36,837 | ▼ 23.0% |
| Profit (loss) for the period before taxes9903 | €403,183 | €44,930 | €326,781 | €192,110 | €78,787 | €213,043 | €15,169 | ▼ 92.9% |
| Income taxes67/77 | €109,255 | €9,054 | €77,476 | €34,154 | €10,922 | €50,977 | €4,434 | ▼ 91.3% |
| Profit (loss) for the period9904 | €293,929 | €35,876 | €249,305 | €157,957 | €67,865 | €162,066 | €10,735 | ▼ 93.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €231 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €293,697 | €35,645 | €249,074 | €158,188 | €67,865 | €162,066 | €10,735 | ▼ 93.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.8m | €1.9m | €1.9m | €2.0m | €1.8m | €1.8m | ▼ 1.4% |
| Fixed assets21/28 | €1.4m | €1.8m | €1.8m | €1.9m | €1.9m | €1.7m | €1.5m | ▼ 8.3% |
| Tangible fixed assets22/27 | €1.4m | €1.8m | €1.7m | €1.9m | €1.9m | €1.7m | €1.5m | ▼ 8.3% |
| Land and buildings22 | - | - | - | €1.9m | €1.8m | €1.6m | €1.5m | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €10 | - | €0.02m | €0.01m | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.1m | €0.07m | €0.05m | ▼ 30.0% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.002m | - | - | - | - | - |
| Current assets29/58 | €0.04m | €0.06m | €0.1m | €0.06m | €0.09m | €0.09m | €0.2m | ▲ 127% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0.001m | - |
| Stocks30/36 | - | - | - | - | - | - | €0.001m | - |
| Amounts receivable within one year40/41 | €0.03m | €0.04m | €0.1m | €0.04m | €0.05m | €0.05m | €0.05m | ▼ 8.9% |
| Trade receivables40 | - | - | - | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 39.5% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 48.7% |
| Cash at bank and in hand54/58 | €0.004m | €0.01m | €0.02m | €0.02m | €0.03m | €0.03m | €0.1m | ▲ 393% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.006m | €0.007m | €0.01m | ▲ 57.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.8m | €1.9m | €1.9m | €2.0m | €1.8m | €1.8m | ▼ 1.4% |
| Equity10/15 | €0.5m | €0.6m | €0.8m | €1.0m | €1.0m | €1.2m | €1.2m | ▲ 0.9% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.09m | €0.09m | €0.09m | €0.09m | €1.0m | €1.2m | €1.2m | ▲ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €462 | €462 | €462 | €462 | = |
| Distributable reserves133 | - | - | - | €0.09m | €1.0m | €1.2m | €1.2m | ▲ 0.9% |
| Profit (loss) carried forward14 | €0.4m | €0.5m | €0.7m | €0.9m | - | - | - | - |
| Amounts payable17/49 | €0.9m | €1.3m | €1.1m | €1.0m | €0.9m | €0.6m | €0.5m | ▼ 6.2% |
| Amounts payable after more than one year17 | €0.5m | €0.7m | €0.4m | €0.1m | €0.03m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.03m | €0 | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.6m | €0.8m | €0.9m | €0.5m | €0.5m | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0 | - | - |
| Trade debts44 | €0.09m | €0.06m | €0.03m | €0.002m | €0.02m | €0.007m | €0.008m | ▲ 6.9% |
| Suppliers440/4 | - | - | - | €0.002m | €0.02m | €0.007m | €0.008m | ▲ 6.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 91.5% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 68.2% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.003m | - |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 8.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 11.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €293,929 | €35,876 | €249,305 | €157,957 | €67,865 | €162,066 | €10,735 | ▼ 93.4% |
| + Depreciation and write-downs630 | €219,182 | €167,903 | €52,100 | €111,975 | €135,692 | €250,341 | €147,669 | ▼ 41.0% |
| Operating cash flow (approximation) | €513,111 | €203,779 | €301,405 | €269,931 | €203,557 | €412,407 | €158,403 | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | -€580,854 | -€9,334 | -€232,790 | -€148,713 | - | -€7,351 | - |
| Change in cash | - | €9,846 | €7,903 | -€3,039 | €13,318 | - | €115,570 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 15-09-2026 | 2026-00512860 | NBB |
| 31-03-2025 | micro format | 15-09-2025 | 2025-00491301 | |
| 30-06-2023 | micro format | 14-12-2023 | 2023-00527767 | |
| 30-06-2022 | micro format | 13-01-2023 | 2023-20557536 | |
| 30-06-2021 | micro format | 14-01-2022 | 2022-01000024 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02700551 | |
| 30-06-2019 | micro format | 13-01-2020 | 2020-01000065 | |
| 30-06-2018 | micro format | 14-01-2019 | 2019-01200600 | |
| 30-06-2017 | micro format | 05-01-2018 | 2018-00500517 | |
| 30-06-2016 | abbreviated format | 10-01-2017 | 2017-00800311 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Hans Maurice Rudolphe Mullie |
|
| Mullie Edouard Daniël Jan |
|
| Mullie Thomas Jan Daniël |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Bevoegdheden: Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, indien benoemd in de statuten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Aanzuivering van alle schulden,lasten en kosten of consignatie van nodige sommen, netto actief onder alle aandeelhouders naar verhouding van…”
Articles of association, deed of 28-12-2023
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity · €20,405
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Winstverdeling, verminderd met overgedragen verlies of vermeerderd met overgedragen winst”1 more provision in the deed, see the deed of 28-12-2023
Articles of association, deed of 28-12-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: Hans Maurice Rudolphe Mullie (manager)Reappointment: Hans Maurice Rudolphe Mullie (director) · Appointments: Mullie Edouard Daniël Jan (director) and Mullie Thomas Jan Daniël (director) · Capital conversion13 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van de statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- Registered office clause, “Westdorp 11 bus 1,8573 Anzegem(Tiegem)” (deed in Dutch)
- Director resignation, Hans Maurice Rudolphe Mullie (manager)
- Director reappointment, Hans Maurice Rudolphe Mullie (director (not named in the articles))
- Other provision, “verklaring geen verbodsbepaling mandaat, niet getroffen door enige verbodsbepaling voor uitoefenen mandaat” (deed in Dutch)
- Director discharge, Hans Maurice Rudolphe Mullie
- Director appointment, Mullie Edouard Daniël Jan (director (not named in the articles))
- Director appointment, Mullie Thomas Jan Daniël (director (not named in the articles))
- +1 further fact in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MULTITOP
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of September at 20:00
Articles of association, deed of 28-12-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34037B0633/00A002 | Flanders | 1,243 m² | 1 · 284 m² | 8.5 m · 1 |