The Multiplier
ActiveThe Multiplier has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €196k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 13% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency30▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.05 in 2024; short-term debt: 87.8% and cash: 65.5% of total assets), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
4.9%
Return on assets
51.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31540 sector peers (2025).
NBB · sector comparisonPosition among 31540 sector peers
Solvency
better than 13%
← weakest
strongest →
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 23-04-2026, 99 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
99 d early
2024
143 d early
2023
118 d early
2022
132 d early
2021
52 d early
2020
20 d late
2019
85 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 61.7%
2024 · €49k
2018: €12k
2019: €88k
2020: €136k
2021: €19k
2022: €19k
2023: €19k
2024: €49k
2018 → 2025
Total assets
€383k▲ 26.3%
2024 · €303k
2018: €17k
2019: €99k
2020: €165k
2021: €224k
2022: €237k
2023: €188k
2024: €303k
2018 → 2025
Net result
€196k▼ 2.3%
2024 · €201k
2018: €-152
2019: €75k
2020: €48k
2021: €148k
2022: €172k
2023: €130k
2024: €201k
2018 → 2025
Working capital
€-5k
2024 · €12k
2018: €10k
2019: €86k
2020: €109k
2021: €-5k
2022: €-12k
2023: €-8k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€19k=€19k=€49k▲ 161%€19k▼ 61.7%
Operating result€198k-€229k▲ 15.4%€174k▼ 23.9%€270k▲ 55.0%€274k▲ 1.7%
Net result€148k-€172k▲ 16.0%€130k▼ 24.6%€201k▲ 55.2%€196k▼ 2.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€52k▼ 19.7%
Current assets
€331k▲ 38.8%
Equity and liabilities €383k
Equity
€19k▼ 61.7%
Debt
€364k▲ 43.1%
The debt ratio rises from 84.0% to 95.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€288k▲
2024 · €277k
Cash flow
€210k▲
2024 · €208k
Solvency
4.9%▼
2024 · 16.0%
Current ratio
0.98▼
2024 · 1.05
Quick ratio
0.98▼
2024 · 1.05
Debt / equity
19.59▲
2024 · 5.24
ROA
51.3%▼
2024 · 66.3%
Interest coverage
48.65▼
2024 · 160.26
Debt
€364k▲
2024 · €255k
Debt ≤ 1 year
€336k▲
2024 · €227k
Debt > 1 year
€21k▼
2024 · €28k
Income taxes
€72k▲
2024 · €67k
A ratio outside any meaningful range has been withheld (balance sheet total €383k, equity €19k).
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€303k€383k▲
Fixed assets21/28€65k€52k▼
Tangible fixed assets22/27€65k€52k▼
Plant, machinery and equipment23€759€619▼
Furniture and vehicles24€43k€34k▼
Other tangible fixed assets26€21k€17k▼
Current assets29/58€238k€331k▲
Amounts receivable within one year40/41€117k€61k▼
Trade receivables40€117k€61k▼
Other amounts receivable41€167€0▼
Cash at bank and in hand54/58€119k€251k▲
Deferred charges and accrued income490/1€2k€19k▲
Equity and liabilities
Total equity and liabilities10/49€303k€383k▲
Equity10/15€49k€19k▼
Contributions10/11€19k€19k=
Reserves13€30k€0▼
Distributable reserves133€30k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€255k€364k▲
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€227k€336k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€40k€59k▲
Taxes450/3€40k€59k▲
Other amounts payable47/48€176k€262k▲
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€14k▲
Other operating charges640/8€1k€5k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€278k€295k▲
Operating profit (loss)9901€270k€274k▲
Financial income75/76B€8€0▼
Recurring financial income75€8€0▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€268k€268k▲
Income taxes67/77€67k€72k▲
Profit (loss) for the period9904€201k€196k▼
Profit (loss) for the period to be appropriated9905€201k€196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€201k€196k▼
Transfer from equity791/2-€30k
Transfer to equity691/2€30k€0▼
To other reserves6921€30k€0▼
Profit to be distributed694/7€171k€226k▲
Return on contributions (dividend)694€171k€226k▲
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
07-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €201k ▲55.2%
Net result €201k, the highest in the series.
05-08
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Equity above €100kEq €136k ▲54.8%
2 profitable years in a row build equity to €136k.
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 8.94
Current ratio from 3.10 to 8.94.
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Huldenberg · 1 establishment unit since 2018
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.
Leuvensebaan(SAR) 1183040 HuldenbergGround area
1,317 m²
Building footprint
152 m²
Volume, LiDAR
812 m³
Parcel 24085B0019/00R000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Multiplier
since 20182.281.573.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24085B0019/00R000 | Flanders | 1,317 m² | 1 · 152 m² | 11.0 m · 2 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.
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Beau Noir
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Matisco Advisory
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 29,789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
56210Event catering
74104Other professional, scientific and technical activities
74130Interior design
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.