MULTRASHIP BELGIUM
ActiveMULTRASHIP BELGIUM has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-36
Solvency97▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.87 in 2024; short-term debt: 27.6% and cash: 50.4% of total assets), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
7 d late
2022
28 d late
2021
31 d late
2020
8 d early
2019
52 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€116k▼ 7.1%
2024 · €125k
2018: €356k
2019: €374k
2020: €385k
2021: €96k
2022: €109k
2023: €106k
2024: €125k
2018 → 2025
Total assets
€161k▲ 3.5%
2024 · €155k
2018: €357k
2019: €374k
2020: €385k
2021: €98k
2022: €172k
2023: €137k
2024: €155k
2018 → 2025
Net result
€-9k
2024 · €19k
2018: €17k
2019: €17k
2020: €11k
2021: €12k
2022: €13k
2023: €-3k
2024: €19k
2018 → 2025
Working capital
€90k▲ 4.3%
2024 · €87k
2018: €349k
2019: €366k
2021: €84k
2022: €75k
2023: €54k
2024: €87k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€109k▲ 13.0%€106k▼ 2.6%€125k▲ 18.0%€116k▼ 7.1%
Operating result€6k-€14k▲ 131%€-1k€20k€-8k
Net result€12k-€13k▲ 6.0%€-3k€19k€-9k
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 €8k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€26k▼ 32.4%
Current assets
€135k▲ 15.4%
Equity and liabilities €161k
Equity
€116k▼ 7.1%
Debt
€44k▲ 47.4%
The debt ratio rises from 19.4% to 27.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €34k
Cash flow
€4k▼
2024 · €32k
Solvency
72.4%▼
2024 · 80.6%
Current ratio
3.03▼
2024 · 3.87
Quick ratio
3.03▼
2024 · 3.87
Debt / equity
0.38▲
2024 · 0.24
ROE
-7.6%▼
2024 · 15.3%
ROA
-5.5%▼
2024 · 12.3%
Interest coverage
4.35▼
2024 · 28.41
Debt
€44k▲
2024 · €30k
Debt ≤ 1 year
€44k▲
2024 · €30k
Staff costs
€160k▲
2024 · €133k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€155k€161k▲
Fixed assets21/28€39k€26k▼
Intangible fixed assets21€2k€767▼
Tangible fixed assets22/27€34k€23k▼
Furniture and vehicles24€34k€23k▼
Financial fixed assets28€3k€3k=
Current assets29/58€117k€135k▲
Amounts receivable within one year40/41€68k€54k▼
Other amounts receivable41€68k€54k▼
Cash at bank and in hand54/58€49k€81k▲
Equity and liabilities
Total equity and liabilities10/49€155k€161k▲
Equity10/15€125k€116k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€58k€49k▼
Amounts payable17/49€30k€44k▲
Amounts payable within one year42/48€30k€44k▲
Trade debts44€13k€13k▲
Suppliers440/4€13k€13k▲
Taxes, remuneration and social security45€18k€31k▲
Remuneration and social security454/9€18k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€133k€160k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€866€2k▲
Gross operating margin9900€167k€167k▼
Operating profit (loss)9901€20k€-8k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€19k€-9k▼
Profit (loss) for the period9904€19k€-9k▼
Profit (loss) for the period to be appropriated9905€19k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€49k▼
Profit (loss) brought forward from the previous period14P€39k€58k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-9k ▼146%
Net result drops to €-9k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €100kEq €109k ▲13%
5 profitable years in a row build equity to €109k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1559.26
Current ratio from 701.04 to 1559.26; short-term debt falls from €499 to €235.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1985
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.
Tavernierkaai 22000 AntwerpenGround area
592 m²
Building footprint
559 m²
Volume, LiDAR
16,584 m³
Parcel 11002A0058/00B000, Flanders · tallest building 41.9 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
Tavernierkaai 2, 2000 Antwerpen
since 19852.027.690.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0058/00B000 | Flanders | 592 m² | 1 · 559 m² | 41.9 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M.C.M.
BE 0463.539.937
Koksijde · Eq €117k
BOUCHERIE SPRIMONT
BE 0875.402.234
Gembloux · Eq €117k
Bootsmannen
BE 0860.208.272
Brugge · Eq €117k
DIRK TACK
BE 0454.872.491
Edegem · Eq €115k
BOUCHERIE RUDY
BE 0450.566.483
Kraainem · Eq €115k
Of 1,493 companies in sector 52220 we hold annual accounts for 725. 571 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-08-1985
Fiscal year end31-12
Activities, NACEBEL
52220Warehousing and support activities for transportation
52241Warehousing and support activities for transportation
50200Water transport
61100Wired, wireless and satellite telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.