MSG PARTICIPATIONS
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 07-06-2024 PDF all 18 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€145,638▲ 16.9%
2022 · €124,616
Working capital
€2.4m▲ 5.4%
2022 · €2.3m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €35,376, larger than the loss of €31,042 in 2022.
Operating result-€0.04m
2023
Net result€0.1m
2023
Total assets€7.2m
2023
Equity€7.1m
2023
Debt€0.1m
2023
Working capital€2.4m
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.04m--€0.3m▼ 682%-€0.8m▼ 193%-€0.1m▲ 82.5%-€0.03m▲ 78.0%-€0.04m▼ 14.0%
Net result€0.5m-€4.2m▲ 801%€0.5m▼ 87.0%€0.2m▼ 68.6%€0.1m▼ 26.6%€0.1m▲ 16.9%
Equity€6.5m-€8.1m▲ 23.8%€8.6m▲ 6.7%€6.8m▼ 21.2%€6.9m▲ 1.8%€7.1m▲ 2.1%
Total assets€10.8m-€14.9m▲ 37.7%€11.6m▼ 22.0%€7.0m▼ 40.0%€7.1m▲ 1.4%€7.2m▲ 1.4%
Debt€4.3m-€6.8m▲ 58.8%€3.0m▼ 55.9%€0.2m▼ 93.7%€0.2m▼ 15.7%€0.1m▼ 29.1%
Working capital-€3.5m-€2.2m€3.5m▲ 58.1%€3.0m▼ 14.7%€2.3m▼ 23.9%€2.4m▲ 5.4%
Large changes and their cause
- 2019 Net result +801% on 2018. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.2m
Fixed assets
€4.8m =
Current assets
€2.4m ▲ 4.3%
Equity and liabilities €7.2m
Equity
€7.1m ▲ 2.1%
Debt
€113,895 ▼ 29.1%
Debt's share of the balance-sheet total falls from 2.3% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.02▼
2022 · 0.02
ROE
2.1%▲
2022 · 1.8%
ROA
2.0%▲
2022 · 1.8%
Debt ≤ 1 year
€19,348▼
2022 · €42,067
Income taxes
€9,650▼
2022 · €89,357
Staff costs
€960▲
2022 · €868
A ratio outside any meaningful range has been withheld (balance sheet total €7.2m, equity €7.1m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €750,000 | - | €838,544 | - |
Source: notes to the 2019 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 10.6% |
| Other operating charges640/8 | - | - | €0.03m | - | - | - | - |
| Non-recurring operating charges66A | - | €0.2m | €0.7m | €0.07m | €0.002m | - | - |
| Gross operating margin9900 | -€0.03m | -€0.03m | -€0.06m | -€0.07m | -€0.03m | -€0.03m | ▼ 20.0% |
| Operating profit (loss)9901 | -€0.04m | -€0.3m | -€0.8m | -€0.1m | -€0.03m | -€0.04m | ▼ 14.0% |
| Financial income75/76B | - | €4.9m | €1.5m | €0.4m | €0.2m | €0.2m | ▼ 22.4% |
| Recurring financial income75 | €0.6m | €4.9m | €1.5m | €0.4m | €0.2m | €0.2m | ▼ 22.4% |
| Financial charges65/66B | - | €0.06m | €0.04m | €0.006m | €0.002m | €0.001m | ▼ 53.7% |
| Recurring financial charges65 | €0.06m | €0.06m | €0.04m | €0.006m | €0.002m | €0.001m | ▼ 53.7% |
| Profit (loss) for the period before taxes9903 | €0.5m | €4.5m | €0.7m | €0.2m | €0.2m | €0.2m | ▼ 27.4% |
| Income taxes67/77 | -€0.002m | €0.4m | €0.1m | €0.03m | €0.09m | €0.01m | ▼ 89.2% |
| Profit (loss) for the period9904 | €0.5m | €4.2m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €4.2m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 16.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €10.8m | €14.9m | €11.6m | €7.0m | €7.1m | €7.2m | ▲ 1.4% |
| Fixed assets21/28 | €10.4m | €8.4m | €7.6m | €3.9m | €4.8m | €4.8m | = |
| Financial fixed assets28 | €10.4m | €8.4m | €7.6m | €3.9m | €4.8m | €4.8m | = |
| Current assets29/58 | €0.4m | €6.5m | €4.0m | €3.1m | €2.3m | €2.4m | ▲ 4.3% |
| Amounts receivable after more than one year29 | - | €0.004m | - | €0.1m | €0.1m | €0.09m | ▼ 20.3% |
| Trade receivables290 | - | €0.004m | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | €0.09m | ▼ 20.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.6m | €0.05m | €0.008m | €0.04m | ▲ 399% |
| Trade receivables40 | - | - | - | - | - | €197 | - |
| Other amounts receivable41 | - | €0.3m | €0.6m | €0.05m | €0.008m | €0.04m | ▲ 397% |
| Current investments50/53 | - | - | - | - | €2.0m | €2.0m | = |
| Cash at bank and in hand54/58 | €0.1m | €6.2m | €3.4m | €2.9m | €0.1m | €0.2m | ▲ 5.6% |
| Deferred charges and accrued income490/1 | - | €0.03m | €0.009m | €0.01m | €0.04m | €0.1m | ▲ 187% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €10.8m | €14.9m | €11.6m | €7.0m | €7.1m | €7.2m | ▲ 1.4% |
| Equity10/15 | €6.5m | €8.1m | €8.6m | €6.8m | €6.9m | €7.1m | ▲ 2.1% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.04m | €4.2m | €4.7m | €4.9m | €5.0m | €5.1m | ▲ 2.4% |
| Non-distributable reserves130/1 | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | €4.2m | €4.7m | €4.9m | €5.0m | €5.1m | ▲ 2.4% |
| Profit (loss) carried forward14 | €6.1m | €3.5m | €3.5m | €1.5m | €1.6m | €1.6m | ▲ 1.6% |
| Amounts payable17/49 | €4.3m | €6.8m | €3.0m | €0.2m | €0.2m | €0.1m | ▼ 29.1% |
| Amounts payable after more than one year17 | €0.4m | €2.5m | €2.5m | - | - | - | - |
| Financial debts170/4 | - | €2.5m | €2.5m | - | - | - | - |
| Amounts payable within one year42/48 | €3.9m | €4.2m | €0.5m | €0.07m | €0.04m | €0.02m | ▼ 54.0% |
| Current portion of amounts payable after more than one year42 | - | €0.8m | - | - | - | - | - |
| Trade debts44 | - | - | €0.4m | €0.02m | - | €0.001m | - |
| Suppliers440/4 | - | - | €0.4m | €0.02m | - | €0.001m | - |
| Taxes, remuneration and social security45 | - | €1.2m | €0.05m | €0.05m | €0.04m | €0.02m | ▼ 56.8% |
| Taxes450/3 | - | €0.8m | €0.05m | €0.05m | €0.04m | €0.02m | ▼ 56.8% |
| Remuneration and social security454/9 | - | €0.4m | - | - | - | - | - |
| Other amounts payable47/48 | - | €2.2m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €0.05m | €5 | €0.1m | €0.1m | €0.09m | ▼ 20.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €4.2m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 16.9% |
| Operating cash flow (approximation) | €0.5m | €4.2m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | €1.9m | €0.8m | €3.7m | -€0.8m | €0 | - |
| Change in cash | - | €6.0m | -€2.7m | -€0.6m | -€2.7m | €0.008m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 07-06-2024 | 2024-00130486 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00207040 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20249615 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-47200494 | |
| 31-12-2019 | micro format | 06-11-2020 | 2020-69200140 | |
| 31-12-2018 | full format | 13-06-2019 | 2019-18700044 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-26800499 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-35400115 | |
| 31-12-2015 | full format | 13-07-2016 | 2016-31600158 | |
| 31-12-2014 | full format | 05-06-2015 | 2015-15800413 |