MULTI PAINT LSG
ActiveSummary
MULTI PAINT LSG has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.20M and a net result of €211k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 3.74 against 4.32 in 2023; short-term debt: 19.3% and cash: 19% of total assets), and 19.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
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
80.6%
Return on assets
7.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
28 d early
2022
38 d early
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€211k▲ 2.7%
2023 · €206k
2018: €225k
2019: €131k
2020: €268k
2021: €186k
2022: €251k
2023: €206k
2018 → 2024
Working capital
€1.44M▲ 9.7%
2023 · €1.31M
2018: €805k
2019: €917k
2020: €1.17M
2021: €1.36M
2022: €1.39M
2023: €1.31M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.78M-€1.97M▲ 10.5%€2.12M▲ 8.0%€2.12M▼ 0.3%€2.20M▲ 3.8%
Operating result€304k-€249k▼ 18.0%€354k▲ 42.0%€286k▼ 19.2%€295k▲ 3.1%
Net result€268k-€186k▼ 30.5%€251k▲ 34.5%€206k▼ 17.8%€211k▲ 2.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.73M
Fixed assets
€759k ▼ 7.0%
Current assets
€1.97M ▲ 15.1%
Equity and liabilities €2.73M
Equity
€2.20M ▲ 3.8%
Debt
€528k ▲ 29.3%
Debt's share of the balance-sheet total rises from 16.2% to 19.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€370k▲
2023 · €348k
Cash flow
€286k▲
2023 · €268k
Current ratio
3.74▼
2023 · 4.32
Quick ratio
2.39▼
2023 · 2.57
Debt to equity
0.24▲
2023 · 0.19
ROE
9.6%▼
2023 · 9.7%
ROA
7.8%▼
2023 · 8.2%
Interest coverage
116.77▲
2023 · 109.74
Debt ≤ 1 year
€526k▲
2023 · €396k
Debt > 1 year
€2k▼
2023 · €13k
Income taxes
€99k▲
2023 · €93k
Staff costs
€217k▲
2023 · €192k
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 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.52M€2.73M▲
Fixed assets21/28€816k€759k▼
Tangible fixed assets22/27€275k€218k▼
Plant, machinery and equipment23€29k€38k▲
Furniture and vehicles24€229k€165k▼
Other tangible fixed assets26€17k€15k▼
Financial fixed assets28€541k€541k=
Current assets29/58€1.71M€1.97M▲
Amounts receivable after more than one year29€183k€190k▲
Other amounts receivable291€183k€190k▲
Stocks and contracts in progress3€692k€708k▲
Stocks30/36€692k€708k▲
Amounts receivable within one year40/41€447k€535k▲
Trade receivables40€395k€482k▲
Other amounts receivable41€52k€53k▲
Cash at bank and in hand54/58€371k€518k▲
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.73M▲
Equity10/15€2.12M€2.20M▲
Contributions10/11€603k€603k=
Capital10€603k€603k=
Issued capital100€603k€603k=
Reserves13€648k€728k▲
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Distributable reserves133€587k€668k▲
Profit (loss) carried forward14€865k€865k=
Amounts payable17/49€409k€528k▲
Amounts payable after more than one year17€13k€2k▼
Financial debts170/4€13k€2k▼
Amounts payable within one year42/48€396k€526k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€71k€100k▲
Suppliers440/4€71k€100k▲
Taxes, remuneration and social security45€80k€129k▲
Taxes450/3€62k€112k▲
Remuneration and social security454/9€19k€17k▼
Other amounts payable47/48€234k€287k▲
Income statement
Code20232024
Remuneration, social security and pensions62€192k€217k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€74k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€917€-55k▼
Other operating charges640/8€11k€58k▲
Non-recurring operating charges66A€222€0▼
Gross operating margin9900€553k€590k▲
Operating profit (loss)9901€286k€295k▲
Financial income75/76B€16k€18k▲
Recurring financial income75€16k€18k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€299k€310k▲
Income taxes67/77€93k€99k▲
Profit (loss) for the period9904€206k€211k▲
Profit (loss) for the period to be appropriated9905€206k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€1.08M▲
Profit (loss) brought forward from the previous period14P€865k€865k=
Transfer from equity791/2€212k€131k▼
Transfer to equity691/2€206k€211k▲
To the legal reserve6920€0-
To other reserves6921€206k€211k▲
Profit to be distributed694/7€212k€131k▼
Return on contributions (dividend)694€212k€131k▼
Social balance
Average headcount (FTE)90876.56.9▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.12M ▲8%
5 profitable years in a row build equity to €2.12M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €268k ▲105%
Net result €268k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €131k ▼41.8%
Net result drops to €131k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Herstal · 1 establishment unit since 2011
Ground area
4,830 m²
Building footprint
1,565 m²
Volume, LiDAR
9,022 m³
Parcel 62312B0024/00D004, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MULTI PAINT LSG
since 20112.195.235.011
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00D004 | Wallonia | 4,830 m² | 1 · 1,565 m² | 9.7 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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Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 894 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
Founded31-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46833Wholesale trade
46499Wholesale of other household goods
46832Wholesale of timber
46839Wholesale trade
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.