Active BE 0795.743.755Public limited company

MULTIPOWR

Finlandstraat 11 ·9940 Evergem, Belgium· 3 yrs active

Sector: NACE 26110 (26110)

Conclusion Checked

The computed 12-month bankruptcy probability of MULTIPOWR is 0.8% (low). The 2023 annual accounts show negative equity (€-394k) and a net result of €-490k. Its solvency ranks better than 10% of 88 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-394k
Net result	€-490k
Staff (FTE)	2.9
Better than sector	10%

Snowflake analysis 4 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10

Profitability 100

Solvency 33

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

10 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · verkort

Sector comparison

Fiscal year 2023 · NACE 26 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	-50.9%	33.0%	better than 10% of 88 sector peers
Net result	€-490k	€8k	better than 7% of 88 sector peers
Equity	€-394k	€37k	better than 5% of 88 sector peers
Gross operating margin	€-235k	€31k	better than 5% of 82 sector peers
Staff costs	€223k	€154k	higher than 59% of 46 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	-
EBITDA	€-463k
Net profit	€-490k
Cash flow	€-464k
Staff costs	€223k
Income taxes	-
Dividends	-
Total assets	€775k
Equity	€-394k
Debt	€1.17M
of which ≤ 1y	€1.17M
of which > 1y	-
Working capital	€-720k
Employees (FTE)	2.9

Ratios (computed)

	2023
Current ratio	0.38
Quick ratio	0.04
Working capital ratio	-92.9%
Solvency	-50.9%
Debt / equity	-2.96
Long-term debt ratio	-
Interest coverage	-444.60
Gross margin	-
Net margin	-
ROA	-63.3%
ROE	124.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €325k · 42.0% Current assets €449k · 58.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€775k
Fixed assets	21/28	€325k
Intangible fixed assets	21	€293k
Tangible fixed assets	22/27	€29k
Financial fixed assets	28	€3k
Current assets	29/58	€449k
Stocks & contracts in progress	3	€403k
Amounts receivable within one year	40/41	€37k
Cash & bank	54/58	€913
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€775k
Equity	10/15	€-394k
Contributions / capital	10/11	€96k
Accumulated profits (losses)	14	€-490k
Amounts payable	17/49	€1.17M
Amounts payable within one year	42/48	€1.17M
Trade debts payable within one year	44	€114k
Income statement
Gross operating margin	9900	€-235k
Operating result	9901	€-489k
Financial income	75	€1
Financial charges	65	€1k
Result before taxes	9903	€-490k
Net result for the period	9904	€-490k
Result to be appropriated	9905	€-490k

Ratios computed by Checked.

Legal Structure

NACE primary	26110
Legal form	Public limited company(014)
Incorporation	04-01-2023
Status	Active
Postal code	9940

Establishment units 1 location

MULTIPOWR

Finlandstraat 11, 9940 EvergemVervaardiging van elektronische onderdelen

since 20232.340.231.601

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44019B0647/00P000	Flanders	5,742 m²	1 · 1,801 m²	8.0 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

17-09-2025

State Gazette act Capital & shares

Joost Eeman

2024

04-12-2024

State Gazette act Capital & shares

Joost Eeman

31-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

08-02-2024

State Gazette act Minor change

Agm rescheduling · Joost Eeman

Belgisch Staatsblad, acts 3 acts

Capital history · 2

17-09-2025

Capital change

04-12-2024

Capital change

All acts · 3 updated 10 months ago

2025

17-09-2025 Capital increase Capital & shares·Joost Eeman

2 kapitaalbewegingen in deze akte

Notary: Joost Eeman · Gent

Original publication ↗

Technical details

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    "is_associated": false
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  "act_meta": {
    "language": "nl",
    "pub_date": "2025-09-17",
    "filing_date": "2025-09-15",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
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    "act_date": "2025-09-02",
    "unanimous": null,
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  },
  "bedrijfsrevisor": {
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    "firm_kbo": "0867.678.757",
    "firm_name": "DANNY PRAET-BEDRIJFSREVISOR",
    "ibr_number": null,
    "mission_type": "apport_nature",
    "individual_name": "Danny Praet"
  },
  "subject_company": {
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  },
  "co_filed_documents": [
    "expedition",
    "geco\u00F6rdineerde statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 19928,
      "class_name": "Aandelen op naam",
      "capital_share_eur": 2601524.71,
      "voting_rights_per_share": 1.0
    }
  ]
}

2024

04-12-2024 Capital increase of €640,000 to €1,795,749.28 Capital & shares·Joost Eeman

€1.155.749,28 → €1.795.749,28
Inbreng in geld · Apport en numéraire
2 kapitaalbewegingen in deze akte

Notary: Joost Eeman · Gent

Original publication ↗

Technical details

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        "share_class": null,
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        "nominal_value_eur": null,
        "issue_price_per_share_eur": 150.0
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      "contribution_type": "natura",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
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      "delta_eur": 640000.0,
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        "share_class": null,
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        "issue_price_per_share_eur": null
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      "decrease_purpose": null,
      "contribution_type": "geld",
      "paid_up_delta_eur": 320000.0,
      "n_shares_destroyed": null,
      "not_yet_called_eur": 320000.0,
      "merger_new_shares_n": 4267,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
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    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-12-04",
    "filing_date": "2024-12-02",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-10-28",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": {
    "waived": false,
    "firm_kbo": "0867.678.757",
    "firm_name": "DANNY PRAET-Bedrijfsrevisor",
    "ibr_number": null,
    "mission_type": "apport_nature",
    "individual_name": "Danny Praet"
  },
  "subject_company": {
    "kbo": "0795.743.755",
    "name_full": "MULTIPOWR",
    "legal_form": "Naamloze vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "verslag inbreng in natura",
    "verslag bestuursorgaan",
    "geco\u00F6rdineerde statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": []
}

08-02-2024 Publication in the Belgian Official Gazette, Minor change Minor change·Joost Eeman

Summary: Agm reschedulingNotary: Joost Eeman · Gent

Original publication ↗

Technical details

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    "language": "nl",
    "pub_date": "2024-02-08",
    "filing_date": "2024-02-06",
    "act_kind_objet": "KAPITAAL, AANDELEN"
  },
  "decision": {
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    "unanimous": true
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  "accounts_deposit": null,
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  ],
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  "is_volet_a_only_stub": false,
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}

Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Vervaardiging van elektronische onderdelen26110Vervaardiging van elektronische onderdelen26110Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Vervaardiging van andere machines, apparaten en werktuigen voor specifieke doeleinden, n.e.g.28990Vervaardiging van andere machines voor specifieke doeleinden neg28990Transmissie van elektriciteit35120Transmissie van elektriciteit35130Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999

Primary activity highlighted.

Names & trade names

Legal nameNL

MULTIPOWR

Registered office

Finlandstraat 11

9940 Evergem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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