MP3 KITCHEN
Annual accounts 2023
full format, filed on 11-09-2024, 42 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €43,000 and €260,000.
Balance sheet
balance sheet total €598,868 on 31-12-2023in euro
Staff
€67,570
Staff costs divided by the average number of full-time equivalents.
-2 people
In 2023, 2 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
598,868 | 770,647 | 1.2m | |
20 |
20,274 | 33,286 | 46,298 | |
21/28 |
192,354 | 242,855 | 285,487 | |
22/27 |
192,179 | 242,680 | 285,312 | |
23 |
- | 61 | 204 | |
24 |
11,786 | 23,466 | 33,435 | |
25 |
25,366 | 34,166 | 42,966 | |
26 |
155,027 | 184,987 | 208,706 | |
28 |
175 | 175 | 175 | |
29/58 |
386,240 | 494,507 | 842,568 | |
3 |
261,576 | 267,103 | 293,944 | |
30/36 |
92,001 | 121,022 | 91,955 | |
37 |
169,576 | 146,081 | 201,990 | |
40/41 |
117,507 | 221,581 | 418,074 | |
40 |
117,419 | 220,889 | 418,074 | |
41 |
87 | 692 | - | |
54/58 |
- | 2,750 | 125,116 | |
490/1 |
7,157 | 3,073 | 5,434 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
598,868 | 770,647 | 1.2m | |
10/15 |
-183,728 | 20,026 | 146,735 | |
10/11 |
100,000 | 100,000 | 100,000 | |
14 |
-283,728 | -79,974 | 46,735 | |
17/49 |
782,596 | 750,621 | 1.0m | |
17 |
191,747 | 238,878 | 298,539 | |
170/4 |
191,747 | 238,878 | 298,539 | |
42/48 |
590,203 | 511,743 | 729,079 | |
42 |
69,023 | 59,661 | 59,060 | |
43 |
72,380 | 24,197 | - | |
430/8 |
72,380 | 24,197 | - | |
44 |
166,278 | 121,346 | 113,199 | |
440/4 |
166,278 | 121,346 | 113,199 | |
46 |
254,782 | 285,960 | 548,983 | |
45 |
25,156 | 17,490 | 4,495 | |
450/3 |
7,788 | 760 | 1,887 | |
454/9 |
17,368 | 16,730 | 2,608 | |
47/48 |
2,584 | 3,090 | 3,342 | |
492/3 |
647 | - | - | |
| Income statement | ||||
9900 |
15,114 | 79,827 | 293,088 | |
62 |
141,897 | 153,938 | 144,362 | |
630 |
63,513 | 66,138 | 86,391 | |
631/4 |
-477 | 246 | 6,983 | |
640/8 |
11,405 | 10,749 | 17,271 | |
66A |
15 | - | - | |
9901 |
-201,239 | -151,244 | 38,081 | |
75/76B |
7,811 | 31,940 | 27,146 | |
75 |
7,811 | 31,940 | 27,146 | |
65/66B |
9,912 | 6,993 | 18,443 | |
65 |
9,912 | 6,993 | 18,443 | |
9903 |
-203,340 | -126,297 | 46,784 | |
67/77 |
413 | 412 | 49 | |
9904 |
-203,753 | -126,709 | 46,735 | |
9905 |
-203,753 | -126,709 | 46,735 | |
| Appropriation of the result | ||||
9906 |
-283,728 | -79,974 | 46,735 | |
14P |
-79,974 | 46,735 | - | |
| Social balance sheet | ||||
9087 |
2.1 | 2.5 | 2.8 | |
Hours worked1013 |
3,306 | 3,397 | 4,887 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 11-09-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2023 annual accounts filed 42 days after the deadline. Filed on 11 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00460160.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| -137,726 | -85,106 | 124,472 | ||
| -140,240 | -60,572 | 133,126 | ||
| 13,012 | 10,495 | 351,009 | ||
| - | -122,366 | - | ||
| -203,962 | -17,237 | 113,490 | ||
| -30.7% | 2.6% | 12.5% | ||
| 0.65 | 0.97 | 1.16 | ||
| 0.21 | 0.44 | 0.75 | ||
| - | 37.48 | 7.00 | ||
| - | -632.7% | 31.8% | ||
| -34.0% | -16.4% | 4.0% | ||
| -13.89 | -12.17 | 6.75 |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 3 | 2 |
| full-time | - | 3 | 2 |
| part-time | 1 | - | - |
| in full-time equivalents | 0.8 | 3 | 2 |
| 2 | 2.5 | 2.8 | |
| On a permanent contract | 1 | 3 | 2 |
| Joined | 2 | 2 | 3 |
| Left | 4 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
on own assets and for others| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| €275,000 | €275,000 | €275,000 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | - | €10,495 | €350,834 |
| Financial fixed assets | - | - | €175 |
| €63,513 | €66,138 | €86,391 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Insights on MP3 KITCHEN
The operating result for 2023 is a loss of €201,239, larger than the loss of €151,244 in 2022. It is the lowest result since 2021.
Equity is negative. Debt (€782,596) exceeds the balance-sheet total (€598,868).