MULTITRADE
ActiveSummary
MULTITRADE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,906 and a net result of €6,446. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
short-term debt: 0% and cash: 11.1% of total assets, and 0.8% of the assets are financed with debt.
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Signals
Five 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
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
99.2%
Return on assets
4.9%
Age of the figures
10 mo
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 €130,906
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-05-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
69 d early
2023
68 d early
2022
53 d early
2021
58 d early
2020
40 d early
2019
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 3 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€21,447
EBIT margin
18.2%
Net result
€6,446▼ 13.4%
2024 · €7,441
Working capital
€102,630▲ 5.8%
2024 · €97,031
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
Turnover€21,447
Operating result-€3,676▼ 275%€1,495€3,903▲ 161%€4,086▲ 4.7%€4,712▲ 15.3%
Net result-€994▼ 6.0%-€5,023▼ 405%€6,775€7,441▲ 9.8%€6,446▼ 13.4%
EBIT margin18.2%
Equity€115,267▼ 0.9%€110,243▼ 4.4%€117,018▲ 6.1%€124,459▲ 6.4%€130,906▲ 5.2%
Total assets€121,326▲ 4.2%€112,373▼ 7.4%€119,490▲ 6.3%€125,957▲ 5.4%€131,926▲ 4.7%
Debt€6,059▲ 3,867%€2,130▼ 64.9%€2,472▲ 16.1%€1,498▼ 39.4%€1,020▼ 31.9%
Working capital€92,765▼ 1.8%€89,379▼ 3.6%€98,908▲ 10.7%€97,031▼ 1.9%€102,630▲ 5.8%
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 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,926
Fixed assets
€29,236 ▲ 2.8%
Current assets
€102,690 ▲ 5.3%
Equity and liabilities €131,926
Equity
€130,906 ▲ 5.2%
Debt
€1,020 ▼ 31.9%
Debt's share of the balance-sheet total falls from 1.2% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,151▲
2024 · €5,722
Cash flow
€8,885▼
2024 · €9,077
Debt to equity
0.01▼
2024 · 0.01
ROE
4.9%▼
2024 · 6.0%
ROA
4.9%▼
2024 · 5.9%
Interest coverage
9.99▼
2024 · 25.05
Debt ≤ 1 year
€60▼
2024 · €477
Income taxes
€776▼
2024 · €872
A ratio outside any meaningful range has been withheld (balance sheet total €131,926, equity €130,906).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 17,027 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €21,447 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €14,184 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,108 | €2,453 | €2,546 | €1,636 | €2,439 | ▲ 49.1% |
| Other operating charges640/8 | €2,197 | €2,138 | €2,343 | €2,432 | €2,507 | ▲ 3.1% |
| Gross operating margin9900 | €630 | €6,086 | €8,792 | €8,154 | €9,658 | ▲ 18.4% |
| Operating profit (loss)9901 | -€3,676 | €1,495 | €3,903 | €4,086 | €4,712 | ▲ 15.3% |
| Financial income75/76B | €3,005 | €5,340 | €3,210 | €4,455 | €3,226 | ▼ 27.6% |
| Recurring financial income75 | €3,005 | €5,340 | €3,210 | €4,455 | €3,226 | ▼ 27.6% |
| Financial charges65/66B | €214 | €11,808 | €216 | €228 | €716 | ▲ 213% |
| Recurring financial charges65 | €214 | €11,808 | €216 | €228 | €716 | ▲ 213% |
| Profit (loss) for the period before taxes9903 | -€884 | -€4,972 | €6,897 | €8,313 | €7,222 | ▼ 13.1% |
| Income taxes67/77 | €110 | €51 | €122 | €872 | €776 | ▼ 11.0% |
| Profit (loss) for the period9904 | -€994 | -€5,023 | €6,775 | €7,441 | €6,446 | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | -€994 | -€5,023 | €6,775 | €7,441 | €6,446 | ▼ 13.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,326 | €112,373 | €119,490 | €125,957 | €131,926 | ▲ 4.7% |
| Fixed assets21/28 | €24,397 | €22,664 | €20,119 | €28,449 | €29,236 | ▲ 2.8% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €24,397 | €22,664 | €20,119 | €28,449 | €29,236 | ▲ 2.8% |
| Land and buildings22 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Plant, machinery and equipment23 | €9,523 | €7,791 | €5,245 | €13,575 | €14,362 | ▲ 5.8% |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €96,929 | €89,709 | €99,372 | €97,508 | €102,690 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €565 | €1,340 | €831 | €99 | €178 | ▲ 79.0% |
| Trade receivables40 | - | €566 | - | - | - | - |
| Other amounts receivable41 | €565 | €774 | €831 | €99 | €178 | ▲ 79.0% |
| Current investments50/53 | - | €76,840 | €87,858 | €88,462 | €87,900 | ▼ 0.6% |
| Cash at bank and in hand54/58 | €96,364 | €11,530 | €10,683 | €8,947 | €14,612 | ▲ 63.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,326 | €112,373 | €119,490 | €125,957 | €131,926 | ▲ 4.7% |
| Equity10/15 | €115,267 | €110,243 | €117,018 | €124,459 | €130,906 | ▲ 5.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | €62,000 | €62,000 | - | - | - | - |
| Other1109/19 | €62,000 | €62,000 | - | - | - | - |
| Reserves13 | €8,500 | €8,500 | €8,500 | €15,941 | €22,387 | ▲ 40.4% |
| Tax-exempt reserves132 | €1,900 | €1,900 | €2,300 | €2,300 | €2,300 | = |
| Distributable reserves133 | €6,600 | €6,600 | €6,200 | €13,641 | €20,087 | ▲ 47.3% |
| Profit (loss) carried forward14 | €44,767 | €39,744 | €46,518 | €46,518 | €46,518 | = |
| Amounts payable17/49 | €6,059 | €2,130 | €2,472 | €1,498 | €1,020 | ▼ 31.9% |
| Amounts payable within one year42/48 | €4,164 | €330 | €463 | €477 | €60 | ▼ 87.4% |
| Trade debts44 | €4,063 | €322 | €385 | €387 | - | - |
| Suppliers440/4 | €4,063 | €322 | €385 | €387 | - | - |
| Other amounts payable47/48 | €100 | €8 | €78 | €90 | €60 | ▼ 32.8% |
| Accrued charges and deferred income492/3 | €1,895 | €1,800 | €2,009 | €1,021 | €960 | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€994 | -€5,023 | €6,775 | €7,441 | €6,446 | ▼ 13.4% |
| + Depreciation and write-downs630 | €2,108 | €2,453 | €2,546 | €1,636 | €2,439 | ▲ 49.1% |
| Operating cash flow (approximation) | €1,114 | -€2,570 | €9,320 | €9,077 | €8,885 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€720 | €0 | -€9,966 | -€3,226 | ▲ 67.6% |
| Change in cash | - | -€84,834 | -€847 | -€1,735 | €5,665 | ▲ 426% |
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
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-11
Financial
Liquidity times 8current ratio 1703.27
Current ratio from 204.41 to 1703.27; short-term debt falls from €477 to €60.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Highest result since 2018net €7,441 ▲9.8%
Net result €7,441, the highest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-11
Financial
Back to profitnet €6,775
Net result €6,775 after 3 loss-making years.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-11
Financial
Weakest financial yearnet -€5,023
Net result drops to -€5,023, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity times 12current ratio 272.07
Current ratio from 23.28 to 272.07; short-term debt falls from €4,164 to €330.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Liquidity times 8current ratio 1223.35
Current ratio from 156.03 to 1223.35; short-term debt falls from €600 to €77.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-11
Financial
Back to profitnet €3,270
Net result €3,270 after one loss-making year.
30-11
Financial
Liquidity quadruplescurrent ratio 156.03
Current ratio from 44.37 to 156.03; short-term debt falls from €1,971 to €600.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
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 5 acts read
About the unread acts
We know of 5 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
5 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, Schoten · 1 establishment unit since 1992
Ground area
2,486 m²
Building footprint
154 m²
Volume, LiDAR
938 m³
Parcel 11040D0164/00M007, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MULTITRADE NV
since 19922.130.833.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0164/00M007 | Flanders | 2,486 m² | 1 · 154 m² | 8.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
529900TMOT4WVG5AK128
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-1991
Fiscal year end30-11
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446007483
Also
9925:BE0446007483
Registered
10-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.