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MULTIVLOER

Open bankruptcy
Private limited company (pre-2019)founded 2016Emanuel Hielstraat 5, 9050 Gent, BelgiumKBO/BCE: BE 0665.531.054

A bankruptcy procedure is open for MULTIVLOER according to publications in the Belgian State Gazette; curator: DIRK LEROUX.

Summary

The 2024 annual accounts show equity of €126,272 and a net result of -€26,155.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ghent division
Declared bankrupt
13 January 2026
Supervising judge
Michel Reyniers
Official Gazette
19-01-2026 (pdf) ↗search the document for 2026/101586

Deadlines

Provisional date payments stopped
13 January 2026A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 3 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 12 February 2026art. XX.104 and XX.155 CEL
First verification report
passed on 17 February 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
13 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Dirk LerouxKortrijksesteenweg 1166, 9051 D Sint-Denijs-Westrem(Gent)dirk.leroux@dl-law.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 03-02-2025, 3 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 · 7 filings
Deviation from the deadline
2025
not filed
2024
3 d late
2023
5 d late
2022
120 d late
2021
12 d early
2020
10 d early
2019
356 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MULTIVLOER was incorporated on 26 October 2016.1 Total assets rose from EUR 141,691 in 2019 to EUR 156,866 in 2024 and headcount from 1 full-time equivalents in 2019 to 0.3 in 2023.2 On 13 January 2026 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2023 and 2024
  3. 3Belgian State Gazette, 19-01-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€126,272▼ 14.3%
2023 · €147,426
Total assets
€156,866▼ 20.8%
2023 · €198,092
Net result
-€26,155▼ 25.3%
2023 · -€20,881
Working capital
€118,447▲ 70.3%
2023 · €69,539
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€77,405▲ 132%€3,193▼ 95.9%€2,059▼ 35.5%-€15,580-€15,393▲ 1.2%
Net result€61,409above the sector's middle half▲ 145%€4,788within the sector's middle half▼ 92.2%€5,009within the sector's middle half▲ 4.6%-€20,881below the sector's middle half-€26,155below the sector's middle half▼ 25.3%
Equity€156,111above the sector's middle half▲ 64.8%€160,899above the sector's middle half▲ 3.1%€165,908above the sector's middle half▲ 3.1%€147,426above the sector's middle half▼ 11.1%€126,272above the sector's middle half▼ 14.3%
Total assets€204,921within the sector's middle half▲ 44.6%€250,836within the sector's middle half▲ 22.4%€292,593within the sector's middle half▲ 16.6%€198,092within the sector's middle half▼ 32.3%€156,866within the sector's middle half▼ 20.8%
Debt€48,810▲ 3.9%€89,937▲ 84.3%€126,685▲ 40.9%€50,665▼ 60.0%€30,595▼ 39.6%
Working capital€90,350above the sector's middle half▲ 316%€94,453above the sector's middle half▲ 4.5%€56,105within the sector's middle half▼ 40.6%€69,539above the sector's middle half▲ 23.9%€118,447above the sector's middle half▲ 70.3%
Solvency76.2%above the sector's middle half▲ 9.3pp64.1%within the sector's middle half▼ 12.0pp56.7%within the sector's middle half▼ 7.4pp74.4%above the sector's middle half▲ 17.7pp80.5%above the sector's middle half▲ 6.1pp
Current ratio2.85above the sector's middle half▲ 1.392.05within the sector's middle half▼ 0.801.44within the sector's middle half▼ 0.612.37within the sector's middle half▲ 0.934.87above the sector's middle half▲ 2.50
Return on assets (ROA)30.0%above the sector's middle half▲ 12.3pp1.9%within the sector's middle half▼ 28.1pp1.7%within the sector's middle half▼ 0.2pp-10.5%below the sector's middle half▼ 12.3pp-16.7%below the sector's middle half▼ 6.1pp
Staff (FTE)11=0.3▼ 70.0%
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2020: €77,405€77,405Net result 2020: €61,409€61,409Operating result 2021: €3,193€3,193Net result 2021: €4,788€4,788Operating result 2022: €2,059€2,059Net result 2022: €5,009€5,009Operating result 2023: -€15,580-€15,580Net result 2023: -€20,881-€20,881Operating result 2024: -€15,393-€15,393Net result 2024: -€26,155-€26,15520202021202220232024-€30,000-€20,000-€10,000€0€10,000Operating result 2022: €2,059€2,060Net result 2022: €5,009€5,010Operating result 2023: -€15,580-€15,600Net result 2023: -€20,881-€20,900Operating result 2024: -€15,393-€15,400Net result 2024: -€26,155-€26,200202220232024
The operating result stays negative: a loss of €15,393 in 2024 against €15,580 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156,866
Fixed assets €7,825 ▼ 90.0%
Current assets €149,042 ▲ 24.0%
Equity and liabilities €156,866
Equity €126,272 ▼ 14.3%
Debt €30,595 ▼ 39.6%
Debt's share of the balance-sheet total falls from 25.6% to 19.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1,593▼
2023 · €19,281
Cash flow
-€9,168▼
2023 · €13,979
Debt to equity
0.24▼
2023 · 0.34
ROE
-20.7%▼
2023 · -14.2%
Interest coverage
1.49▼
2023 · 6.23
Debt ≤ 1 year
€30,595▼
2023 · €50,665
Income taxes
€1,092▼
2023 · €7,353
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€198,092€156,866▼
Fixed assets21/28€77,887€7,825▼
Tangible fixed assets22/27€77,887€7,825▼
Plant, machinery and equipment23€577-
Furniture and vehicles24€30,566€5,930▼
Other tangible fixed assets26€46,744€1,895▼
Current assets29/58€120,204€149,042▲
Amounts receivable within one year40/41€101,645€143,647▲
Trade receivables40€27,775€2,000▼
Other amounts receivable41€73,870€141,647▲
Cash at bank and in hand54/58€13,924-
Deferred charges and accrued income490/1€4,636€5,395▲
Equity and liabilities
Total equity and liabilities10/49€198,092€156,866▼
Equity10/15€147,426€126,272▼
Contributions10/11€13,600€18,600▲
Reserves13€154,708€154,708=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€152,848€152,848=
Profit (loss) carried forward14-€20,881-€47,036▼
Amounts payable17/49€50,665€30,595▼
Amounts payable within one year42/48€50,665€30,595▼
Financial debts43-€8,297
Credit institutions430/8-€8,297
Trade debts44€9,709€40▼
Suppliers440/4€9,709€40▼
Taxes, remuneration and social security45€16,757€8,258▼
Taxes450/3€5,057€8,258▲
Remuneration and social security454/9€11,700-
Other amounts payable47/48€24,200€14,000▼
Income statement Code20232024
Remuneration, social security and pensions62€43,651-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,860€16,987▼
Other operating charges640/8€7,634€7,713▲
Gross operating margin9900€70,566€9,306▼
Operating profit (loss)9901-€15,580-€15,393▲
Financial income75/76B€5,145€5,466▲
Recurring financial income75€5,145€5,466▲
Financial charges65/66B€3,094€15,135▲
Recurring financial charges65€3,094€1,067▼
Non-recurring financial charges66B-€14,068
Profit (loss) for the period before taxes9903-€13,528-€25,063▼
Income taxes67/77€7,353€1,092▼
Profit (loss) for the period9904-€20,881-€26,155▼
Profit (loss) for the period to be appropriated9905-€20,881-€26,155▼
Appropriation of the result
Profit (loss) to be appropriated9906-€20,881-€47,036▼
Profit (loss) brought forward from the previous period14P--€20,881

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62--€62,316€43,651--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,434€11,528€28,262€34,860€16,987▼ 51.3%
Other operating charges640/8--€3,604€7,634€7,713▲ 1.0%
Non-recurring operating charges66A--€2,196---
Gross operating margin9900€122,244€50,589€98,435€70,566€9,306▼ 86.8%
Operating profit (loss)9901€77,405€3,193€2,059-€15,580-€15,393▲ 1.2%
Financial income75/76B--€3,814€5,145€5,466▲ 6.2%
Recurring financial income75€3,915€5,000€3,814€5,145€5,466▲ 6.2%
Financial charges65/66B--€864€3,094€15,135▲ 389%
Recurring financial charges65€108€82€864€3,094€1,067▼ 65.5%
Non-recurring financial charges66B----€14,068-
Profit (loss) for the period before taxes9903€81,212€8,110€5,009-€13,528-€25,063▼ 85.3%
Income taxes67/77€19,804€3,322-€7,353€1,092▼ 85.1%
Profit (loss) for the period9904€61,409€4,788€5,009-€20,881-€26,155▼ 25.3%
Profit (loss) for the period to be appropriated9905€61,409€4,788€5,009-€20,881-€26,155▼ 25.3%
Line20202021202220232024Change
Assets
Total assets20/58€204,921€250,836€292,593€198,092€156,866▼ 20.8%
Formation expenses20€270€54----
Fixed assets21/28€65,491€66,392€109,803€77,887€7,825▼ 90.0%
Tangible fixed assets22/27€65,491€66,392€109,803€77,887€7,825▼ 90.0%
Plant, machinery and equipment23--€1,360€577--
Furniture and vehicles24--€47,249€30,566€5,930▼ 80.6%
Other tangible fixed assets26--€61,193€46,744€1,895▼ 95.9%
Current assets29/58€139,161€184,390€182,790€120,204€149,042▲ 24.0%
Amounts receivable within one year40/41€99,660€147,912€138,684€101,645€143,647▲ 41.3%
Trade receivables40--€55,710€27,775€2,000▼ 92.8%
Other amounts receivable41--€82,974€73,870€141,647▲ 91.8%
Cash at bank and in hand54/58€34,574€36,478€40,303€13,924--
Deferred charges and accrued income490/1--€3,804€4,636€5,395▲ 16.4%
Equity and liabilities
Total equity and liabilities10/49€204,921€250,836€292,593€198,092€156,866▼ 20.8%
Equity10/15€156,111€160,899€165,908€147,426€126,272▼ 14.3%
Contributions10/11€11,200€11,200€11,200€13,600€18,600▲ 36.8%
Reserves13€58,445€58,445€154,708€154,708€154,708=
Non-distributable reserves130/1--€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860=
Distributable reserves133--€152,848€152,848€152,848=
Profit (loss) carried forward14€86,465€91,254--€20,881-€47,036▼ 125%
Amounts payable17/49€48,810€89,937€126,685€50,665€30,595▼ 39.6%
Amounts payable within one year42/48€48,810€89,937€126,685€50,665€30,595▼ 39.6%
Financial debts43----€8,297-
Credit institutions430/8----€8,297-
Trade debts44€22,992€73,169€81,101€9,709€40▼ 99.6%
Suppliers440/4--€81,101€9,709€40▼ 99.6%
Taxes, remuneration and social security45--€45,585€16,757€8,258▼ 50.7%
Taxes450/3--€407€5,057€8,258▲ 63.3%
Remuneration and social security454/9--€45,178€11,700--
Other amounts payable47/48---€24,200€14,000▼ 42.1%
Line20202021202220232024Change
Profit (loss) for the period9904€61,409€4,788€5,009-€20,881-€26,155▼ 25.3%
+ Depreciation and write-downs630€10,434€11,528€28,262€34,860€16,987▼ 51.3%
Operating cash flow (approximation)€71,842€16,316€33,270€13,979-€9,168▼ 166%
Investment in fixed assets (approximation)--€12,430-€71,672-€2,945€53,076▲ 1,902%
Change in cash-€1,903€3,825-€26,379--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
19-01
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 13-01-2026
2025
03-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial Weakest financial yearnet -€26,155
Net result drops to -€26,155, the lowest in the series.
30-06
Financial Liquidity doublescurrent ratio 4.87
Current ratio from 2.37 to 4.87; short-term debt falls from €50,665 to €30,595.
05-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
19-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
21-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
21-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 356 days late
2020
30-06
Financial Highest result since 2019net €61,409 ▲145%
Operating result €77,405, net result €61,409, both a record.
30-06
Financial Equity above €150,000Eq €156,111 ▲64.8%
2 profitable years in a row build equity to €156,111.
2019
07-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Gent · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
128 m²
Building footprint
128 m²
Volume, LiDAR
586 m³
Parcel 44022A0421/00V000, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
MULTIVLOER
Emanuel Hielstraat 5, 9050 GentConstruction of utility projects for electricity and telecommunications
since 20162.257.891.269
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44022A0421/00V000 Flanders 128 m² 1 · 128 m² 11.0 m · 1 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator DIRK LEROUX
KORTRIJKSESTEENWEG 1166, 9051 D SINT-DENIJS-WESTREM(GENT)
13-01-2026 → present

Similar companies · same sector, comparable size

Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 2,099 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 (pre-2019)
Founded26-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
81210General cleaning of buildings
43120Site preparation
43240Other construction installation
43910Bricklaying and masonry work
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.