MULTICALOR INDUSTRIES
ActiveSummary
MULTICALOR INDUSTRIES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.52M and a net result of €211k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 85% of 1221 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+3
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 2.22 in 2023; short-term debt: 19.3% and cash: 24.5% of total assets), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 25
higher
← 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
76.9%
Return on assets
6.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
26 d late
2022
9 d late
2021
75 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.52M▲ 5.8%
2023 · €2.38M
2018: €1.54M
2019: €1.67M
2020: €1.80M
2021: €2.00M
2022: €2.29M
2023: €2.38M
2018 → 2024
Total assets
€3.27M▼ 6.0%
2023 · €3.48M
2018: €1.90M
2019: €2.10M
2020: €2.44M
2021: €2.74M
2022: €3.40M
2023: €3.48M
2018 → 2024
Net result
€211k▲ 48.4%
2023 · €142k
2018: €298k
2019: €327k
2020: €509k
2021: €569k
2022: €668k
2023: €142k
2018 → 2024
Working capital
€1.57M▲ 30.5%
2023 · €1.20M
2018: €1.40M
2019: €1.58M
2020: €1.84M
2021: €1.73M
2022: €1.29M
2023: €1.20M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.80M-€2.00M▲ 10.8%€2.29M▲ 14.7%€2.38M▲ 4.0%€2.52M▲ 5.8%
Operating result€572k-€668k▲ 16.9%€710k▲ 6.3%€160k▼ 77.5%€256k▲ 59.9%
Net result€509k-€569k▲ 11.8%€668k▲ 17.3%€142k▼ 78.7%€211k▲ 48.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 60% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.27M
Fixed assets
€1.07M ▼ 17.0%
Current assets
€2.20M ▲ 0.6%
Equity and liabilities €3.27M
Equity
€2.52M ▲ 5.8%
Provisions
€124k ▲ 8.1%
Debt
€631k ▼ 35.9%
Debt's share of the balance-sheet total falls from 28.3% to 19.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€546k▲
2023 · €417k
Cash flow
€501k▲
2023 · €399k
Current ratio
3.49▲
2023 · 2.22
Quick ratio
1.86▲
2023 · 1.20
Debt to equity
0.25▼
2023 · 0.41
ROE
8.4%▲
2023 · 6.0%
ROA
6.4%▲
2023 · 4.1%
Interest coverage
52.65▼
2023 · 54.17
Debt ≤ 1 year
€631k▼
2023 · €985k
Income taxes
€39k▲
2023 · €14k
Staff costs
€490k▼
2023 · €495k
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 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.48M€3.27M▼
Fixed assets21/28€1.29M€1.07M▼
Tangible fixed assets22/27€1.29M€1.07M▼
Land and buildings22€364k€374k▲
Plant, machinery and equipment23€928k€685k▼
Furniture and vehicles24€3k€15k▲
Current assets29/58€2.19M€2.20M▲
Stocks and contracts in progress3€1.01M€1.02M▲
Stocks30/36€1.01M€1.02M▲
Amounts receivable within one year40/41€347k€363k▲
Trade receivables40€287k€297k▲
Other amounts receivable41€60k€66k▲
Cash at bank and in hand54/58€811k€803k▼
Deferred charges and accrued income490/1€20k€9k▼
Equity and liabilities
Total equity and liabilities10/49€3.48M€3.27M▼
Equity10/15€2.38M€2.52M▲
Contributions10/11€299k€299k=
Capital10€299k€299k=
Issued capital100€299k€299k=
Outside capital11€59€59=
Share premium1100/10€59€59=
Reserves13€2.08M€2.19M▲
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Tax-exempt reserves132€33k€33k=
Distributable reserves133€2.02M€2.13M▲
Investment grants15-€26k
Provisions and deferred taxes16€114k€124k▲
Provisions for liabilities and charges160/5€114k€124k▲
Other liabilities and charges164/5€114k€124k▲
Amounts payable17/49€985k€631k▼
Amounts payable within one year42/48€985k€631k▼
Current portion of amounts payable after more than one year42€201k-
Trade debts44€631k€391k▼
Suppliers440/4€631k€391k▼
Taxes, remuneration and social security45€63k€103k▲
Taxes450/3-€45k
Remuneration and social security454/9€63k€58k▼
Other amounts payable47/48€90k€137k▲
Income statement
Code20232024
Remuneration, social security and pensions62€495k€490k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€257k€290k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-957€9k▲
Other operating charges640/8€36k€37k▲
Gross operating margin9900€947k€1.08M▲
Operating profit (loss)9901€160k€256k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Non-recurring financial income76B-€125
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€156k€250k▲
Income taxes67/77€14k€39k▲
Profit (loss) for the period9904€142k€211k▲
Profit (loss) for the period to be appropriated9905€142k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€142k€211k▲
Transfer to equity691/2€92k€111k▲
To other reserves6921€92k€111k▲
Profit to be distributed694/7€50k€100k▲
Directors or managers695€50k€100k▲
Social balance
Average headcount (FTE)90879.69.3▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €142k ▼78.7%
Net result drops to €142k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €668k ▲17.3%
Operating result €710k, net result €668k, both a record.
31-12
Financial
Equity above €2MEq €2.29M ▲14.7%
5 profitable years in a row build equity to €2.29M.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mechelen · 1 establishment unit since 1991
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.
Blarenberglaan 212800 MechelenGround area
2.5 ha
Building footprint
1.0 ha
Volume, LiDAR
91,998 m³
Parcel 12402A0088/00C000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Blarenberglaan 21, 2800 Mechelen
since 19912.052.432.601
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0088/00C000indicative | Flanders | 2.5 ha | 1 · 1.0 ha | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
2025 · 1 entry · 828 EUR awarded · 828 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 828 EUR | 828 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 557 companies in sector 25999 we hold annual accounts for 351. 200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
28250Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
46842Wholesale trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.