MULTI GROUP SERVICES
ActiveSummary
MULTI GROUP SERVICES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.36M and a net result of €727k. Equity is growing by ~60.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency96▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.67 in 2024; short-term debt: 28.7% and cash: 18.5% of total assets), and 28.7% of the assets are financed with debt.
Credit check 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 · 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2025Solvency, return and age of the figures
Solvency
71.3%
Return on assets
21.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
12 d early
2022
14 d early
2021
60 d early
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€727k▼ 30.5%
2024 · €1.04M
2021: €253klowest in 5 years
2022: €321k▲ +26.9% vs 2021
2023: €406k▲ +26.6% vs 2022
2024: €1.04M▲ +157% vs 2023highest in 5 years
2025: €727k▼ -30.5% vs 2024
2021 → 2025
Working capital
€1.97M▲ 32.7%
2024 · €1.48M
2021: €286klowest in 5 years
2022: €612k▲ +114% vs 2021
2023: €967k▲ +57.9% vs 2022
2024: €1.48M▲ +53.2% vs 2023
2025: €1.97M▲ +32.7% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€315k-€636k▲ 102%€1.02M▲ 61.1%€1.63M▲ 59.6%€2.36M▲ 44.5%
2021: €315klowest in 5 years
2022: €636k▲ +102% vs 2021
2023: €1.02M▲ +61.1% vs 2022
2024: €1.63M▲ +59.6% vs 2023
2025: €2.36M▲ +44.5% vs 2024highest in 5 years
Operating result€345k-€442k▲ 27.9%€547k▲ 23.8%€1.15M▲ 110%€870k▼ 24.1%
2021: €345klowest in 5 years
2022: €442k▲ +27.9% vs 2021
2023: €547k▲ +23.8% vs 2022
2024: €1.15M▲ +110% vs 2023highest in 5 years
2025: €870k▼ -24.1% vs 2024
Net result€253k-€321k▲ 26.9%€406k▲ 26.6%€1.04M▲ 157%€727k▼ 30.5%
2021: €253klowest in 5 years
2022: €321k▲ +26.9% vs 2021
2023: €406k▲ +26.6% vs 2022
2024: €1.04M▲ +157% vs 2023highest in 5 years
2025: €727k▼ -30.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.31M
Fixed assets
€395k ▲ 158%
Current assets
€2.92M ▲ 23.2%
Equity and liabilities €3.31M
Equity
€2.36M ▲ 44.5%
Debt
€951k ▲ 7.2%
Debt's share of the balance-sheet total falls from 35.2% to 28.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.06M▼
2024 · €1.21M
Cash flow
€919k▼
2024 · €1.11M
Current ratio
3.07▲
2024 · 2.67
Debt to equity
0.40▼
2024 · 0.54
ROE
30.8%▼
2024 · 64.0%
ROA
21.9%▼
2024 · 41.5%
Interest coverage
214.11▼
2024 · 644.62
Debt ≤ 1 year
€951k▲
2024 · €886k
Income taxes
€148k▲
2024 · €105k
Staff costs
€1.88M▲
2024 · €1.68M
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.52M€3.31M▲
Fixed assets21/28€153k€395k▲
Intangible fixed assets21€110k€337k▲
Tangible fixed assets22/27€43k€58k▲
Furniture and vehicles24€43k€58k▲
Current assets29/58€2.37M€2.92M▲
Amounts receivable within one year40/41€1.61M€1.88M▲
Trade receivables40€1.00M€1.19M▲
Other amounts receivable41€608k€693k▲
Current investments50/53€500k€418k▼
Cash at bank and in hand54/58€257k€611k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€3.31M▲
Equity10/15€1.63M€2.36M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.57M€2.30M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.57M€2.29M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€887k€951k▲
Amounts payable within one year42/48€886k€951k▲
Financial debts43€47k€34k▼
Credit institutions430/8€47k€34k▼
Trade debts44€17k€381k▲
Suppliers440/4€17k€381k▲
Taxes, remuneration and social security45€387k€536k▲
Taxes450/3€50k€169k▲
Remuneration and social security454/9€337k€367k▲
Other amounts payable47/48€435k€0▼
Accrued charges and deferred income492/3€968€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.68M€1.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€192k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€2.89M€2.94M▲
Operating profit (loss)9901€1.15M€870k▼
Financial income75/76B€6k€10k▲
Recurring financial income75€6k€10k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€1.15M€875k▼
Income taxes67/77€105k€148k▲
Profit (loss) for the period9904€1.04M€727k▼
Profit (loss) for the period to be appropriated9905€1.04M€727k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.04M€727k▼
Transfer to equity691/2€610k€727k▲
To other reserves6921€610k€727k▲
Profit to be distributed694/7€435k€0▼
Directors or managers695€435k€0▼
Social balance
Average headcount (FTE)908732.832.9▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €994k | €1.08M | €1.39M | €1.68M | €1.88M | ▲ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96 | €6k | €6k | €69k | €192k | ▲ 179% |
| Other operating charges640/8 | €1k | €3k | €947 | €4k | €3k | ▼ 25.7% |
| Gross operating margin9900 | €1.34M | €1.53M | €1.95M | €2.89M | €2.94M | ▲ 1.6% |
| Operating profit (loss)9901 | €345k | €442k | €547k | €1.15M | €870k | ▼ 24.1% |
| Financial income75/76B | - | €1 | €5k | €6k | €10k | ▲ 53.9% |
| Recurring financial income75 | - | €1 | €5k | €6k | €10k | ▲ 53.9% |
| Financial charges65/66B | €427 | €90 | €35 | €2k | €5k | ▲ 163% |
| Recurring financial charges65 | €427 | €90 | €35 | €2k | €5k | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €345k | €441k | €551k | €1.15M | €875k | ▼ 24.0% |
| Income taxes67/77 | €92k | €120k | €145k | €105k | €148k | ▲ 40.7% |
| Profit (loss) for the period9904 | €253k | €321k | €406k | €1.04M | €727k | ▼ 30.5% |
| Profit (loss) for the period to be appropriated9905 | €253k | €321k | €406k | €1.04M | €727k | ▼ 30.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611k | €900k | €1.41M | €2.52M | €3.31M | ▲ 31.3% |
| Fixed assets21/28 | €29k | €23k | €57k | €153k | €395k | ▲ 158% |
| Intangible fixed assets21 | - | - | - | €110k | €337k | ▲ 206% |
| Tangible fixed assets22/27 | €29k | €23k | €57k | €43k | €58k | ▲ 33.9% |
| Furniture and vehicles24 | €29k | €23k | €57k | €43k | €58k | ▲ 33.9% |
| Current assets29/58 | €582k | €877k | €1.35M | €2.37M | €2.92M | ▲ 23.2% |
| Amounts receivable within one year40/41 | €249k | €270k | €1.06M | €1.61M | €1.88M | ▲ 17.0% |
| Trade receivables40 | €141k | €270k | €498k | €1.00M | €1.19M | ▲ 18.8% |
| Other amounts receivable41 | €108k | €0 | €567k | €608k | €693k | ▲ 14.1% |
| Current investments50/53 | - | - | - | €500k | €418k | ▼ 16.4% |
| Cash at bank and in hand54/58 | €332k | €607k | €281k | €257k | €611k | ▲ 138% |
| Deferred charges and accrued income490/1 | €618 | €0 | €7k | €3k | €5k | ▲ 76.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611k | €900k | €1.41M | €2.52M | €3.31M | ▲ 31.3% |
| Equity10/15 | €315k | €636k | €1.02M | €1.63M | €2.36M | ▲ 44.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €253k | €574k | €962k | €1.57M | €2.30M | ▲ 46.2% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €247k | €568k | €956k | €1.57M | €2.29M | ▲ 46.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €296k | €265k | €386k | €887k | €951k | ▲ 7.2% |
| Amounts payable within one year42/48 | €296k | €265k | €386k | €886k | €951k | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | €67k | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €47k | €34k | ▼ 28.5% |
| Credit institutions430/8 | - | - | - | €47k | €34k | ▼ 28.5% |
| Trade debts44 | €31k | €0 | €20k | €17k | €381k | ▲ 2,093% |
| Suppliers440/4 | €31k | €0 | €20k | €17k | €381k | ▲ 2,093% |
| Taxes, remuneration and social security45 | €199k | €265k | €348k | €387k | €536k | ▲ 38.7% |
| Taxes450/3 | €29k | €45k | €45k | €50k | €169k | ▲ 238% |
| Remuneration and social security454/9 | €170k | €220k | €303k | €337k | €367k | ▲ 9.1% |
| Other amounts payable47/48 | - | - | €18k | €435k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €968 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253k | €321k | €406k | €1.04M | €727k | ▼ 30.5% |
| + Depreciation and write-downs630 | €96 | €6k | €6k | €69k | €192k | ▲ 179% |
| Operating cash flow (approximation) | €253k | €327k | €412k | €1.11M | €919k | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | €-40k | €-165k | €-434k | ▼ 163% |
| Change in cash | - | €275k | €-326k | €-24k | €354k | ▲ 1,553% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Equity above €2MEq €2.36M ▲44.5%
5 profitable years in a row build equity to €2.36M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €1.04M ▲157%
Operating result €1.15M, net result €1.04M, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.02M ▲61.1%
3 profitable years in a row build equity to €1.02M.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €636k ▲102%
2 profitable years in a row build equity to €636k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pittem · 3 establishment units since 2020
Ground area
3.2 ha
Building footprint
1.1 ha
Volume, LiDAR
61,699 m³
3 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
MULTI GROUP SERVICES
since 20202.306.860.136
MULTI GROUP SERVICES
since 20202.306.860.235
MULTI GROUP SERVICES
since 20242.357.050.411
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003C0226/00A002 | Flanders | 1.5 ha | 1 · 1.0 ha | 9.6 m · 2 fl. |
| 24006C0261/00F000 | Flanders | 1.5 ha | - | - |
| 36494D0368/00N002 | Flanders | 967 m² | 1 · 601 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
2022 to 2023 · 3 entries · 3,648 EUR awarded · 3,648 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 2,002 EUR |
| 2022 | 2 | 3,648 EUR | 1,646 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 979 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.