MULTRONIC IMMO
ActiveSummary
MULTRONIC IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €450k and a net result of €52k. Its solvency ranks better than 90% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-5
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.89 in 2023; short-term debt: 11.8% and cash: 23% of total assets), and 11.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.2%
Return on assets
10.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€450k▲ 10.4%
2023 · €407k
2023: €407k
2024: €450k▲ +10.4% vs 2023
2023 → 2024
Total assets
€510k▲ 14.7%
2023 · €445k
2023: €445k
2024: €510k▲ +14.7% vs 2023
2023 → 2024
Net result
€52k▼ 20.2%
2023 · €65k
2023: €65k
2024: €52k▼ -20.2% vs 2023
2023 → 2024
Working capital
€106k▲ 50.8%
2023 · €71k
2023: €71k
2024: €106k▲ +50.8% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€407k-€450k▲ 10.4%
2023: €407k
2024: €450k▲ +10.4% vs 2023
Operating result€90k-€70k▼ 22.0%
2023: €90k
2024: €70k▼ -22.0% vs 2023
Net result€65k-€52k▼ 20.2%
2023: €65k
2024: €52k▼ -20.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €510k
Fixed assets
€343k ▲ 2.0%
Current assets
€167k ▲ 54.4%
Equity and liabilities €510k
Equity
€450k ▲ 10.4%
Debt
€60k ▲ 61.6%
Debt's share of the balance-sheet total rises from 8.4% to 11.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89k▼
2023 · €120k
Cash flow
€70k▼
2023 · €96k
Current ratio
2.77▼
2023 · 2.89
Debt to equity
0.13▲
2023 · 0.09
ROE
11.6%▼
2023 · 16.0%
ROA
10.2%▼
2023 · 14.7%
Interest coverage
280.02▼
2023 · 433.66
Debt ≤ 1 year
€60k▲
2023 · €37k
Income taxes
€20k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€445k€510k▲
Fixed assets21/28€337k€343k▲
Tangible fixed assets22/27€337k€343k▲
Land and buildings22€337k€319k▼
Furniture and vehicles24-€25k
Current assets29/58€108k€167k▲
Amounts receivable within one year40/41€30k€50k▲
Trade receivables40€30k€50k▲
Cash at bank and in hand54/58€78k€117k▲
Equity and liabilities
Total equity and liabilities10/49€445k€510k▲
Equity10/15€407k€450k▲
Contributions10/11€27k€27k=
Reserves13€155k€197k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€149k€191k▲
Profit (loss) carried forward14€226k€226k=
Amounts payable17/49€37k€60k▲
Amounts payable within one year42/48€37k€60k▲
Trade debts44€11k€5k▼
Suppliers440/4€11k€5k▼
Taxes, remuneration and social security45€26k€55k▲
Taxes450/3€26k€55k▲
Other amounts payable47/48-€850
Accrued charges and deferred income492/3-€97
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€18k▼
Other operating charges640/8€732€8k▲
Gross operating margin9900€121k€97k▼
Operating profit (loss)9901€90k€70k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€278€317▲
Recurring financial charges65€278€317▲
Profit (loss) for the period before taxes9903€90k€72k▼
Income taxes67/77€25k€20k▼
Profit (loss) for the period9904€65k€52k▼
Profit (loss) for the period to be appropriated9905€65k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€291k€278k▼
Profit (loss) brought forward from the previous period14P€226k€226k=
Transfer from equity791/2€25k€10k▼
Transfer to equity691/2€65k€52k▼
To other reserves6921€65k€52k▼
Profit to be distributed694/7€25k€10k▼
Return on contributions (dividend)694€25k€10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €18k | ▼ 39.3% |
| Other operating charges640/8 | €732 | €8k | ▲ 990% |
| Gross operating margin9900 | €121k | €97k | ▼ 20.2% |
| Operating profit (loss)9901 | €90k | €70k | ▼ 22.0% |
| Financial income75/76B | - | €2k | - |
| Recurring financial income75 | - | €2k | - |
| Financial charges65/66B | €278 | €317 | ▲ 14.1% |
| Recurring financial charges65 | €278 | €317 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €90k | €72k | ▼ 20.1% |
| Income taxes67/77 | €25k | €20k | ▼ 20.1% |
| Profit (loss) for the period9904 | €65k | €52k | ▼ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €65k | €52k | ▼ 20.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €445k | €510k | ▲ 14.7% |
| Fixed assets21/28 | €337k | €343k | ▲ 2.0% |
| Tangible fixed assets22/27 | €337k | €343k | ▲ 2.0% |
| Land and buildings22 | €337k | €319k | ▼ 5.4% |
| Furniture and vehicles24 | - | €25k | - |
| Current assets29/58 | €108k | €167k | ▲ 54.4% |
| Amounts receivable within one year40/41 | €30k | €50k | ▲ 65.0% |
| Trade receivables40 | €30k | €50k | ▲ 65.0% |
| Cash at bank and in hand54/58 | €78k | €117k | ▲ 50.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €445k | €510k | ▲ 14.7% |
| Equity10/15 | €407k | €450k | ▲ 10.4% |
| Contributions10/11 | €27k | €27k | = |
| Reserves13 | €155k | €197k | ▲ 27.4% |
| Non-distributable reserves130/1 | €6k | €6k | = |
| Reserves not available under the articles1311 | €6k | €6k | = |
| Distributable reserves133 | €149k | €191k | ▲ 28.5% |
| Profit (loss) carried forward14 | €226k | €226k | = |
| Amounts payable17/49 | €37k | €60k | ▲ 61.6% |
| Amounts payable within one year42/48 | €37k | €60k | ▲ 61.3% |
| Trade debts44 | €11k | €5k | ▼ 56.6% |
| Suppliers440/4 | €11k | €5k | ▼ 56.6% |
| Taxes, remuneration and social security45 | €26k | €55k | ▲ 107% |
| Taxes450/3 | €26k | €55k | ▲ 107% |
| Other amounts payable47/48 | - | €850 | - |
| Accrued charges and deferred income492/3 | - | €97 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €52k | ▼ 20.2% |
| + Depreciation and write-downs630 | €30k | €18k | ▼ 39.3% |
| Operating cash flow (approximation) | €96k | €70k | ▼ 26.2% |
| Investment in fixed assets (approximation) | - | €-25k | - |
| Change in cash | - | €39k | - |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tienen · 1 establishment unit since 2022
Ground area
3,178 m²
Building footprint
1,156 m²
Volume, LiDAR
6,446 m³
Parcel 24592D0127/00R000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MULTRONIC IMMO
since 20222.338.057.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592D0127/00R000 | Flanders | 3,178 m² | 1 · 1,156 m² | 8.0 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.
Similar companies · same sector, comparable size
IMMO APB ARLON
BE 0654.764.648
Anderlecht · Eq €449,857
ELTEPE - MANAGEMENT
BE 0446.058.755
Brugge · Eq €449,884
ARCUS
BE 0882.667.039
Zwevegem · Eq €449,745
BRD IMMO
BE 1021.033.777
Mons · Eq €450,254
IMMO MARMA
BE 0839.015.950
Ternat · Eq €448,809
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,420 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
Founded26-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.