MULTANI
ActiveSummary
The computed 12-month bankruptcy probability of MULTANI is 1.6% (moderate). The 2025 annual accounts show equity of €34k and a net result of €3k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 1909 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency42▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 3.43 in 2024; short-term debt: 16.1% and cash: 5.8% of total assets), but 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
1.7%
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 21% of 1909 sector peers (2025).
NBB · sector comparisonPosition among 1909 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 6 filingsDeviation from the deadline
2025
20 d late
2024
4 d early
2023
48 d early
2022
25 d late
2021
2 d late
2020
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 10.6%
2024 · €31k
2020: €23klowest in 6 years
2021: €27k▲ +15.4% vs 2020
2022: €29k▲ +7.8% vs 2021
2023: €31k▲ +6.2% vs 2022
2024: €31k▲ +0.2% vs 2023
2025: €34k▲ +10.6% vs 2024highest in 6 years
2020 → 2025
Total assets
€199k▼ 0.9%
2024 · €200k
2020: €56klowest in 6 years
2021: €106k▲ +89.5% vs 2020
2022: €142k▲ +33.3% vs 2021
2023: €219k▲ +55.1% vs 2022highest in 6 years
2024: €200k▼ -8.7% vs 2023
2025: €199k▼ -0.9% vs 2024
2020 → 2025
Net result
€3k▲ 5,452%
2024 · €59
2020: €18khighest in 6 years
2021: €4k▼ -80.4% vs 2020
2022: €2k▼ -41.5% vs 2021
2023: €2k▼ -15.1% vs 2022
2024: €59▼ -96.7% vs 2023lowest in 6 years
2025: €3k▲ +5452% vs 2024
2020 → 2025
Working capital
€113k▲ 25.3%
2024 · €90k
2020: €14klowest in 6 years
2021: €29k▲ +105% vs 2020
2022: €37k▲ +28.1% vs 2021
2023: €71k▲ +89.0% vs 2022
2024: €90k▲ +27.6% vs 2023
2025: €113k▲ +25.3% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€29k▲ 7.8%€31k▲ 6.2%€31k▲ 0.2%€34k▲ 10.6%
2021: €27klowest in 5 years
2022: €29k▲ +7.8% vs 2021
2023: €31k▲ +6.2% vs 2022
2024: €31k▲ +0.2% vs 2023
2025: €34k▲ +10.6% vs 2024highest in 5 years
Operating result€5k-€3k▼ 49.4%€2k▼ 12.1%€2k▼ 2.7%€7k▲ 194%
2021: €5k
2022: €3k▼ -49.4% vs 2021
2023: €2k▼ -12.1% vs 2022
2024: €2k▼ -2.7% vs 2023lowest in 5 years
2025: €7k▲ +194% vs 2024highest in 5 years
Net result€4k-€2k▼ 41.5%€2k▼ 15.1%€59▼ 96.7%€3k▲ 5,452%
2021: €4khighest in 5 years
2022: €2k▼ -41.5% vs 2021
2023: €2k▼ -15.1% vs 2022
2024: €59▼ -96.7% vs 2023lowest in 5 years
2025: €3k▲ +5452% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 194% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€54k ▼ 26.7%
Current assets
€145k ▲ 13.9%
Equity and liabilities €199k
Equity
€34k ▲ 10.6%
Debt
€164k ▼ 3.0%
Debt's share of the balance-sheet total falls from 84.5% to 82.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €23k
Cash flow
€23k▲
2024 · €21k
Current ratio
4.54▲
2024 · 3.43
Quick ratio
3.48▲
2024 · 2.23
Debt to equity
4.80▼
2024 · 5.47
ROE
9.6%▲
2024 · 0.2%
ROA
1.7%▲
2024 · 0.0%
Interest coverage
78.04▼
2024 · 82.04
Debt ≤ 1 year
€32k▼
2024 · €37k
Debt > 1 year
€132k=
2024 · €132k
Income taxes
€3k▲
2024 · €2k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€200k€199k▼
Fixed assets21/28€73k€54k▼
Tangible fixed assets22/27€73k€54k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€43k€30k▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€127k€145k▲
Stocks and contracts in progress3€45k€34k▼
Stocks30/36€45k€34k▼
Amounts receivable within one year40/41€62k€91k▲
Trade receivables40€58k€90k▲
Other amounts receivable41€4k€815▼
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€200k€199k▼
Equity10/15€31k€34k▲
Contributions10/11€5k€5k=
Reserves13€26k€29k▲
Distributable reserves133€26k€29k▲
Profit (loss) carried forward14€59€59=
Amounts payable17/49€169k€164k▼
Amounts payable after more than one year17€132k€132k=
Financial debts170/4€132k€132k=
Amounts payable within one year42/48€37k€32k▼
Trade debts44€8k€14k▲
Suppliers440/4€8k€14k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€25k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€25k€28k▲
Operating profit (loss)9901€2k€7k▲
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€280€335▲
Recurring financial charges65€280€335▲
Profit (loss) for the period before taxes9903€2k€6k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€59€3k▲
Profit (loss) for the period to be appropriated9905€59€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59€3k▲
Profit (loss) brought forward from the previous period14P-€59
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €13k | €21k | €20k | ▼ 5.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 0.7% |
| Non-recurring operating charges66A | €2k | - | €1k | - | - | - |
| Gross operating margin9900 | €13k | €11k | €19k | €25k | €28k | ▲ 12.9% |
| Operating profit (loss)9901 | €5k | €3k | €2k | €2k | €7k | ▲ 194% |
| Financial income75/76B | - | - | €90 | €2 | - | - |
| Recurring financial income75 | - | - | €90 | €2 | - | - |
| Financial charges65/66B | €1k | €303 | €186 | €280 | €335 | ▲ 19.9% |
| Recurring financial charges65 | €1k | €303 | €186 | €280 | €335 | ▲ 19.9% |
| Profit (loss) for the period before taxes9903 | €4k | €2k | €2k | €2k | €6k | ▲ 219% |
| Income taxes67/77 | €490 | €211 | €419 | €2k | €3k | ▲ 56.7% |
| Profit (loss) for the period9904 | €4k | €2k | €2k | €59 | €3k | ▲ 5,452% |
| Profit (loss) for the period to be appropriated9905 | €4k | €2k | €2k | €59 | €3k | ▲ 5,452% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €142k | €219k | €200k | €199k | ▼ 0.9% |
| Fixed assets21/28 | €22k | €40k | €93k | €73k | €54k | ▼ 26.7% |
| Tangible fixed assets22/27 | €22k | €40k | €93k | €73k | €54k | ▼ 26.7% |
| Plant, machinery and equipment23 | €16k | €22k | €23k | €18k | €13k | ▼ 29.8% |
| Furniture and vehicles24 | €6k | €4k | €56k | €43k | €30k | ▼ 29.4% |
| Other tangible fixed assets26 | - | €14k | €14k | €13k | €11k | ▼ 12.9% |
| Current assets29/58 | €84k | €101k | €127k | €127k | €145k | ▲ 13.9% |
| Stocks and contracts in progress3 | €19k | €24k | €37k | €45k | €34k | ▼ 23.8% |
| Stocks30/36 | €19k | €24k | €37k | €45k | €34k | ▼ 23.8% |
| Amounts receivable within one year40/41 | €26k | €31k | €50k | €62k | €91k | ▲ 46.4% |
| Trade receivables40 | €21k | €31k | €45k | €58k | €90k | ▲ 56.0% |
| Other amounts receivable41 | €5k | €641 | €4k | €4k | €815 | ▼ 81.1% |
| Cash at bank and in hand54/58 | €36k | €43k | €29k | €13k | €12k | ▼ 11.3% |
| Deferred charges and accrued income490/1 | €3k | €3k | €11k | €8k | €9k | ▲ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €142k | €219k | €200k | €199k | ▼ 0.9% |
| Equity10/15 | €27k | €29k | €31k | €31k | €34k | ▲ 10.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €22k | €24k | €26k | €26k | €29k | ▲ 12.7% |
| Distributable reserves133 | €22k | €24k | €26k | €26k | €29k | ▲ 12.7% |
| Profit (loss) carried forward14 | - | - | - | €59 | €59 | = |
| Amounts payable17/49 | €79k | €112k | €189k | €169k | €164k | ▼ 3.0% |
| Amounts payable after more than one year17 | €23k | €48k | €132k | €132k | €132k | = |
| Financial debts170/4 | €23k | €48k | €132k | €132k | €132k | = |
| Amounts payable within one year42/48 | €55k | €64k | €56k | €37k | €32k | ▼ 13.8% |
| Trade debts44 | €5k | €23k | €16k | €8k | €14k | ▲ 81.6% |
| Suppliers440/4 | €5k | €23k | €16k | €8k | €14k | ▲ 81.6% |
| Taxes, remuneration and social security45 | €7k | €4k | €227 | €4k | €8k | ▲ 91.8% |
| Taxes450/3 | €7k | €4k | €227 | €4k | €8k | ▲ 91.8% |
| Other amounts payable47/48 | €43k | €37k | €39k | €25k | €9k | ▼ 62.6% |
| Accrued charges and deferred income492/3 | €1k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €2k | €2k | €59 | €3k | ▲ 5,452% |
| + Depreciation and write-downs630 | €4k | €6k | €13k | €21k | €20k | ▼ 5.6% |
| Operating cash flow (approximation) | €8k | €9k | €15k | €21k | €23k | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | €-24k | €-66k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €7k | €-14k | €-16k | €-1k | ▲ 90.7% |
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
14-09
State Gazette act
Appointment: Tanja Weymeersch (director)3 facts ▸
State Gazette act
Appointment: Tanja Weymeersch (director)
3 facts ▸
- General meeting, 01-09-2026
- Director appointment, Tanja Weymeersch (director)
- Other statement, info@multani.be, email address
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €59 ▼96.7%
Net result drops to €59, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2026
Tanja Weymeersch
CurrentDirector · since 01-09-2026
01-09-2026
Appointed as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2019
Ground area
811 m²
Building footprint
185 m²
Volume, LiDAR
732 m³
Parcel 42027B0184/00L000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MULTANI
since 20192.296.409.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42027B0184/00L000 | Flanders | 811 m² | 1 · 185 m² | 5.9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 420 EUR awarded · 420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
| 2024 | 1 | 210 EUR | 210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,655. 911 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
Founded29-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
25999Manufacture of fabricated metal products, except machinery and equipment
29202Manufacture of motor vehicles, trailers and semi-trailers
43990Other specialised construction activities
Contact
E-mail
info@multani.be
Scores and ratios are computed by Checked and are not a credit decision.