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MULTIGAS

Active
Public limited companyfounded 1991active for 34 yearsWiedauwkaai 109, 9000 Gent, BelgiumKBO/BCE: BE 0446.241.570
Summary

MULTIGAS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €750,744 and a net result of €613,082. Equity is growing by about 4.9% per year across the filed financial years. Its solvency ranks better than 36% of 9,643 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Wholesale of solid, liquid and gaseous fuels and related products
NACE 46810
2 sites
Size
€2.5mtotal assets 2025
Staff
18.2 FTE
Equity
€750,744
Profit
€613,082
Turnover not published (abbreviated format)
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
FINGAS · 100%
Accounts 47 days early1 of 15 deeds read
Why 97raises riskSize: 18.2 FTE, total assets €2.5mlowers riskFounded in 1991Liquidity: current ratio 1.43, cash €614,681Profit of €613,082 (financial year 2025)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 77% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Strong
Solvency 55+11
equity 29.6% of total assets
Liquidity 65+20
short-term debt 34.9% · cash 24.2%
Profitability 99+7
return on assets 24.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,379 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025highest value 05-2025: 0.2%● unchanged vs 04-2025highest value 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.1%▼ -0.1 percentage points vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 1.01 in 2024, below the usual 1.5; short-term debt: 34.9% and cash: 24.2% of total assets), and 70.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 34% on solvency, 83% on liquidity, 97% on profitability and 95% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.43, cash €614,681
NBB · annual accounts
raises risk · Size: 18.2 FTE, total assets €2.5m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Profit of €613,082 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
47 days early
2024
66 days early
2023
82 days early
2022
68 days early
2021
52 days early
2020
128 days early
2019
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 69 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end16-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. RestructuringPermanent representative: Ingeborg SYMONS ·…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Highest result from 2019 to 2025net €613,082 ▲51.6%

Key points

  • Positive: Equity rose in 2025from €412,662 to €750,744 ▲ 81.9% View
  • Positive: Among the best 5% on net resultsector median €27,413 · 9,622 companies €613,082 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by FINGAS 100% View
  • Positive: 6 profitable years in a rowprofit 2025: €613,082 6 years View

By topic

Financials

Financial year
2025
Total assets
€2.5m
Profit
€613,082
Solvency
29.6%
Total assets▲ 14.3%
Net result
20192025
Go to Financials

Timeline

Events
38
Since
1993
Next accounts
by 31-01-2027
  1. 30-06-2025Equity above €500,000
  2. 26-11-2024Annual accounts filed
  3. 10-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale of solid, liquid and gaseous fuels and…NACE 46810
Founded
27-12-1991
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“I. Alle industriële en commerciële handelingen met daarbij de invoer en de uitvoer, de…” (deed in Dutch)
Go to Articles of association

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