Equity
€2.6m ▲ 16.1%
MULTI PAINT LSG has made a profit in every financial year since 2011.
MULTI PAINT LSG
Lifetime
15 annual accounts with figures on one time axispeak €612,699 (2022)
€509,159▼ 13.8%
peak €354,639 (2025)
€354,639▲ 67.7%
peak €2.6m (2025)
€2.6m▲ 16.1%
€444,474▼ 15.8%
peak 6.9 FTE (2024)
6.3 FTE▼ 8.7%
Board3 names since 2016
1 directorLevent GUNEY
Documentsfilings and deeds
18-06-202643 days before the deadline
2025financial year
Gross margin from €590,498 to €509,159Result from €211,470 to €354,639Staff from 6.9 FTE to 6.3 FTEEquity from €2.2m to €2.6mDebts from €528,114 to €444,474Cash from €518,454 to €196,507
Key points
from the 2025 annual accountsResult
€354,639 ▲ 67.7%
The result rose in 2025 from €211,470 to €354,639.
Turnover
≈ €2.6m estimated
The accounts state no turnover.
Staff
7 employees on 31-12-2025
In 2025, 3 people joined and 3 left.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 2 to 48 days before the end of the period.
Position in the sector
85.2%
Higher solvency than 89% of companies in wholesale trade. Sector median 45.2% · 6,192 companies.
Checked score
97
Excellent
Financially stronger than 75% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 2010
Equity €2.6m (85.2% of total assets)
Figures for financial year 2025 (filed on 18-06-2026)
Profit of €354,639 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 61% on liquidity, 78% on profitability and 72% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as MULTI PAINT LSG has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MULTI PAINT LSG itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MULTI PAINT LSG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.34 (3.74 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 6.6% of total assets. 14.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
48 days early
2023
28 days early
2022
38 days early
2021
2 days early
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832381150
Change of role: Levent GUNEY, from director to sole director
Resignation: Nazik MERGEN (director) · Director discharge: Levent GUNEY · Director discharge: Nazik MERGEN · General meeting of 02-09-2021 · Gazette deed
Appointment: Nazik Mergen (director)
Gazette deed
Resignation: GUNEY Soner (managing director)
Director discharge: GUNEY Soner (managing director) · General meeting of 10-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MULTI PAINT LSG Herstal | €3.0m | €0.5m | 85.2% | 6.3 |
| BATI-CENTER Raeren | €2.5m | €0.6m | 31.0% | 7.7 |
| GAWIJN Willebroek | €2.7m | €0.6m | 14.6% | 5.9 |
| RMS8 Thimister-Clermont | €4.2m | €1.1m | 14.8% | 5.8 |
| MAQUINAY SOLUTIONS Seraing | €4.7m | €0.8m | 24.8% | 9.8 |
| Charles RAXHON & fille Ans | €3.3m | €1.0m | 22.2% | 5.9 |
| BWT POOL PRODUCTS BENELUX Liège | €2.3m | €0.6m | 12.7% | 11.7 |
These companies have the same main activity as MULTI PAINT LSG: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €2.3m and €4.7m, founded between 2004 and 2014.
Official details
Source: KBO- Status
- Active since 31-12-2010Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 5 others
- Establishment unit
- 2.195.235.0114040 Herstal, since 01-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Annual accounts 2025
- €3.0m▲ 9.9%
- Employeeson 31-12-2025
- 7=
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on MULTI PAINT LSG
MULTI PAINT LSG has existed since 2010. The gross margin grew from €106,431 in 2011 to €509,159 in 2025 and staff from 0.9 to 6.3 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MULTI PAINT LSG
- What is the company number of MULTI PAINT LSG?
- The company number of MULTI PAINT LSG is 0832.381.150. The VAT number is the same number with BE in front: BE 0832.381.150.
- Where is MULTI PAINT LSG based?
- The registered office is at Rue de l'Abbaye 90, 4040 Herstal.Company details
- What does MULTI PAINT LSG do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of MULTI PAINT LSG?
- MULTI PAINT LSG is a public limited company (NV).
- When was MULTI PAINT LSG founded?
- MULTI PAINT LSG was founded on 31-12-2010.
- Is MULTI PAINT LSG still active?
- Yes, MULTI PAINT LSG is an active enterprise in the KBO register.
- How many employees does MULTI PAINT LSG have?
- MULTI PAINT LSG had an average of 6.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MULTI PAINT LSG?
- The turnover in financial year 2025 is ≈ €2.6m. This figure is estimated from the gross margin of €509,159 and 139 comparable companies (NACE 46). It probably lies between €1.6m and €4.4m.
- Is MULTI PAINT LSG profitable?
- In financial year 2025, MULTI PAINT LSG made a profit of €354,639.
- Where can I find the annual accounts of MULTI PAINT LSG?
- MULTI PAINT LSG filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MULTI PAINT LSG due?
- MULTI PAINT LSG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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