MPGE
InactiveFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 26-07-2022 PDF all 7 filings
Equity
-€114,008▼ 35.6%
2020 · -€84,057
Total assets
€139▼ 99.7%
2020 · €43,840
Net result
-€29,951
2020 · €23,380
Working capital
-€114,008▼ 16.1%
2020 · -€98,200
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€8,980
2021
20182021
Net result
-€29,951
2021
20182021
Equity
-€114,008
▼ 35.6%
2021
20182021
Total assets
€139
▼ 99.7%
2021
20182021
Debt
€114,147
▼ 10.8%
2021
20182021
Working capital
-€114,008
▼ 16.1%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€229,498-€30,038€25,437▼ 15.3%-€8,980
Net result-€246,070-€17,331€23,380▲ 34.9%-€29,951
Equity-€124,769--€107,438▲ 13.9%-€84,057▲ 21.8%-€114,008▼ 35.6%
Total assets€161,672-€41,048▼ 74.6%€43,840▲ 6.8%€139▼ 99.7%
Debt€286,441-€148,485▼ 48.2%€127,897▼ 13.9%€114,147▼ 10.8%
Working capital€12,349--€116,421-€98,200▲ 15.7%-€114,008▼ 16.1%
The operating result for 2021 is a loss of €8,980, after a profit of €25,437 in 2020.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
EBITDA
-€1,517▼
2020 · €33,743
Cash flow
-€22,488▼
2020 · €31,686
Interest coverage
-7.65
Debt ≤ 1 year
€114,147▼
2020 · €125,641
Income taxes
€20,773▲
2020 · €1,764
The ratios are withheld because a balance sheet total of €139 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,944 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,258 | €8,504 | €8,306 | €7,463 | ▼ 10.1% |
| Other operating charges640/8 | - | - | - | €795 | - |
| Gross operating margin9900 | -€8,366 | €39,914 | €34,587 | -€721 | - |
| Operating profit (loss)9901 | -€229,498 | €30,038 | €25,437 | -€8,980 | - |
| Recurring financial income75 | €698 | €15 | - | - | - |
| Financial charges65/66B | - | - | - | €198 | - |
| Recurring financial charges65 | €8,088 | €2,035 | €292 | €198 | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | -€236,888 | €28,018 | €25,145 | -€9,178 | - |
| Income taxes67/77 | €9,181 | €10,687 | €1,764 | €20,773 | ▲ 12× |
| Profit (loss) for the period9904 | -€246,070 | €17,331 | €23,380 | -€29,951 | - |
| Profit (loss) for the period to be appropriated9905 | -€246,070 | €17,331 | €23,380 | -€29,951 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €161,672 | €41,048 | €43,840 | €139 | ▼ 99.7% |
| Fixed assets21/28 | €32,576 | €24,705 | €16,399 | - | - |
| Tangible fixed assets22/27 | €32,576 | €24,705 | €16,399 | - | - |
| Financial fixed assets28 | €0 | - | - | - | - |
| Current assets29/58 | €129,096 | €16,342 | €27,441 | €139 | ▼ 99.5% |
| Amounts receivable within one year40/41 | €1,643 | €2,403 | €451 | €51 | ▼ 88.8% |
| Trade receivables40 | - | - | - | €51 | - |
| Current investments50/53 | €52,812 | - | - | - | - |
| Cash at bank and in hand54/58 | €74,641 | €13,939 | €26,990 | €89 | ▼ 99.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €161,672 | €41,048 | €43,840 | €139 | ▼ 99.7% |
| Equity10/15 | -€124,769 | -€107,438 | -€84,057 | -€114,008 | ▼ 35.6% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | - |
| Reserves13 | €101,301 | €101,301 | €101,301 | €101,301 | = |
| Non-distributable reserves130/1 | - | - | - | €12,601 | - |
| Reserves not available under the articles1311 | - | - | - | €12,601 | - |
| Distributable reserves133 | - | - | - | €88,699 | - |
| Profit (loss) carried forward14 | -€246,070 | -€228,738 | -€205,358 | -€235,309 | ▼ 14.6% |
| Amounts payable17/49 | €286,441 | €148,485 | €127,897 | €114,147 | ▼ 10.8% |
| Amounts payable after more than one year17 | €167,854 | €15,721 | €2,257 | - | - |
| Amounts payable within one year42/48 | €116,746 | €132,764 | €125,641 | €114,147 | ▼ 9.1% |
| Trade debts44 | €168 | €377 | €2,098 | - | - |
| Other amounts payable47/48 | - | - | - | €114,147 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€246,070 | €17,331 | €23,380 | -€29,951 | - |
| + Depreciation and write-downs630 | €8,258 | €8,504 | €8,306 | €7,463 | ▼ 10.1% |
| Operating cash flow (approximation) | -€237,812 | €25,835 | €31,686 | -€22,488 | - |
| Investment in fixed assets (approximation) | - | -€633 | €0 | - | - |
| Change in cash | - | -€60,701 | €13,051 | -€26,901 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 26-07-2022 | 2022-20221810 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22900414 | |
| 31-12-2019 | micro format | 05-06-2020 | 2020-15600441 | |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-67300264 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-39800250 | |
| 31-12-2016 | abbreviated format | 24-07-2017 | 2017-37900017 | |
| 31-12-2015 | abbreviated format | 04-07-2016 | 2016-26800077 |