ACTIVE

MULTI PAINT LSG

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Financial year 2025 · closed on 31/12/2025

Net result

354,6 k €

+67.7% YoY

Gross margin

509,2 k €

-13.8% YoY

Equity

2,6 M €

+16.1% YoY

Workforce

6,3 ETP

-8.7% YoY

What does MULTI PAINT LSG do?

MULTI PAINT LSG is a Public limited company incorporated in 2010. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Herstal. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.381.150

Incorporation

31/12/2010

Legal form

Public limited company

Registered office

Rue de l'Abbaye 90
4040 Herstal · WallonieSee on map

Contributed capital

603 334,00 €

Latest accounts

31/12/2025

Average workforce

6,3 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46733Wholesale of wood, construction materials and sanitary equipment 46831Wholesale trade, except of motor vehicles and motorcycles 46833Wholesale trade, except of motor vehicles and motorcycles 46499Wholesale of other household goods 46499Wholesale of other household goods+8

Joint committees (2)

1000
2000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	509,2 k €	-13.8%	590,5 k €	+6.8%	552,8 k €	-9.8%	612,7 k €	+19.0%	514,8 k €	+11.6%	461,4 k €	+60.0%	288,4 k €	+39.8%	206,3 k €	-17.4%	249,8 k €	+55.5%	160,7 k €	-6.7%	172,3 k €	-5.2%	181,8 k €	+16.7%	155,7 k €	-18.9%	192 k €	+80.4%	106,4 k €
EBITDA	268 k €	-14.9%	315 k €	-9.8%	349,4 k €	-13.1%	402,2 k €	+16.5%	345,1 k €	+0.2%	344,5 k €	+48.2%	232,5 k €	+43.4%	162,1 k €	-22.9%	210,2 k €	+108%	101 k €	-30.0%	144,3 k €	-9.1%	158,8 k €	+6.8%	148,7 k €	-5.5%	157,4 k €	+89.7%	82,9 k €
Operating result	202,1 k €	-31.5%	295,1 k €	+3.1%	286,2 k €	-19.2%	354,2 k €	+42.0%	249,5 k €	-18.0%	304,2 k €	+57.9%	192,6 k €	+49.4%	128,9 k €	-18.6%	158,4 k €	+206%	51,7 k €	-51.0%	105,5 k €	-16.5%	126,3 k €	-35.9%	196,9 k €	+38.8%	141,9 k €	+334%	32,7 k €
Net result	354,6 k €	+67.7%	211,5 k €	+2.7%	205,9 k €	-17.8%	250,5 k €	+34.5%	186,2 k €	-30.5%	268,1 k €	+105%	130,8 k €	-41.8%	224,6 k €	+126%	99,2 k €	+116%	45,9 k €	-42.6%	79,9 k €	-21.3%	101,5 k €	-28.5%	142 k €	+55.3%	91,4 k €	+294%	23,2 k €
Balance sheet
Equity	2,6 M €	+16.1%	2,2 M €	+3.8%	2,1 M €	-0.3%	2,1 M €	+8.0%	2 M €	+10.5%	1,8 M €	+17.7%	1,5 M €	+9.3%	1,4 M €	+19.4%	1,2 M €	+9.4%	1,1 M €	+124%	471,6 k €	+20.4%	391,7 k €	+34.1%	292,2 k €	+64.9%	177,1 k €	+107%	85,7 k €
Total assets	3 M €	+9.9%	2,7 M €	+7.9%	2,5 M €	+5.9%	2,4 M €	+11.6%	2,1 M €	+4.7%	2 M €	+18.8%	1,7 M €	+6.1%	1,6 M €	+10.8%	1,5 M €	+5.3%	1,4 M €	+90.8%	726,2 k €	+6.2%	683,8 k €	+53.7%	444,8 k €	-15.1%	523,8 k €	+44.3%	362,9 k €
Cash	196,5 k €	-62.1%	518,5 k €	+39.8%	370,8 k €	-1.7%	377,2 k €	+27.0%	297,1 k €	+188%	103,2 k €	+181%	36,8 k €	-58.7%	89 k €	+9.9%	81 k €	-28.1%	112,7 k €	+130%	49 k €	+10.9%	44,2 k €	+163%	16,8 k €	-35.2%	25,9 k €	-15.3%	30,6 k €
Debts	430,4 k €	-18.5%	528,1 k €	+29.3%	408,5 k €	+56.4%	261,1 k €	+54.5%	169 k €	-34.3%	257,2 k €	+26.2%	203,8 k €	-13.2%	234,8 k €	-22.1%	301,5 k €	-7.8%	327,1 k €	+28.5%	254,6 k €	-12.9%	292,1 k €	+91.4%	152,6 k €	-56.0%	346,7 k €	+25.1%	277,2 k €
Other
Workforce	6,3 ETP	-8.7%	6,9 ETP	+6.2%	6,5 ETP	-1.5%	6,6 ETP	+29.4%	5,1 ETP	+24.4%	4,1 ETP	+105%	2,0 ETP	+33.3%	1,5 ETP	0.0%	1,5 ETP	+15.4%	1,3 ETP	+30.0%	1,0 ETP	+25.0%	0,8 ETP	+167%	0,3 ETP	-62.5%	0,8 ETP	-11.1%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Levent GUNEY

Managing director · since 07 juin 2016 · until 02 septembre 2027

Active

Ended mandates

Nazik MERGEN

Director · since 08 mai 2020 · until 08 mai 2026

Ended

Levent GUNEY

Managing director · since 07 juin 2016 · until 07 juin 2022

Ended

Soner GUNEY

Managing director · since 07 juin 2016 · until 10 avril 2020

Ended

Soner GUNEY

Managing director · since 07 juin 2016 · until 07 juin 2022

Ended

At this address

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B.L.S.● Active	0894.759.870
DECO LIEGE● Active	0433.184.281
E.B.T● Active	1029.367.166

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	13/06/2025	03/07/2024	23/06/2023	29/07/2022	30/07/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	18/06/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	13/06/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	23/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	05/07/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	16/06/2016	French	PDF
Abridged model	31/12/2014	23/06/2015	22/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	21/08/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Levent GUNEY

Managing director · since 07 juin 2016 · until 02 septembre 2027

Active

Ended mandates

Nazik MERGEN

Director · since 08 mai 2020 · until 08 mai 2026

Ended

Levent GUNEY

Managing director · since 07 juin 2016 · until 07 juin 2022

Ended

Soner GUNEY

Managing director · since 07 juin 2016 · until 10 avril 2020

Ended

Soner GUNEY

Managing director · since 07 juin 2016 · until 07 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/01/2017
CAPITAL, ACTIONS
PDF
Mandates17/10/2016
DEMISSIONS, NOMINATIONS
PDF
Other11/01/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025354,6 k €↑
2024
Annual accounts 2024211,5 k €↑
2023
Annual accounts 2023205,9 k €↓
2022
Annual accounts 2022250,5 k €↑
2021
Annual accounts 2021186,2 k €↓
2020
Annual accounts 2020268,1 k €↑
2019
Annual accounts 2019130,8 k €↓
2018
Annual accounts 2018224,6 k €↑
2017
Annual accounts 201799,2 k €↑
2016
Annual accounts 201645,9 k €↓
2015
Annual accounts 201579,9 k €↓
2014
Annual accounts 2014101,5 k €↓
2013
Annual accounts 2013142 k €↑
2012
Annual accounts 201291,4 k €↑
2011
Annual accounts 201123,2 k €
31/12/2010
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MULTI PAINT LSG

Overview

What does MULTI PAINT LSG do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline