MULTI-COMMUNICATION (0433.941.574): financials and annual accounts

MULTI-COMMUNICATION

Forest ·KBO/BCE: BE 0433.941.574

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	4,751	2,062	2,554	4,774	4,345	10,855	13,571	25,600	27,442	8,528	9,622	13,123	35,056	33,334	109,596	256,682	142,072	89,858	14,520
Fixed assets`21/28`	1,500	1,500	2,030	2,560	3,681	8,423	10,516	15,150	17,200	2,491	2,013	5,047	6,581	3,923	1,700	2,189	961	1,851	-
Intangible fixed assets`21`	-	-	-	-	591	4,803	9,016	13,228	14,488	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	-	-	530	1,060	1,590	2,120	-	422	1,212	991	513	2,047	3,581	923	1,700	2,189	961	1,851	-
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	548	1,096	-
Furniture and vehicles`24`	-	-	530	1,060	1,590	2,120	-	422	1,212	991	513	2,047	3,581	923	1,700	2,189	413	755	-
Financial fixed assets`28`	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	3,000	3,000	3,000	-	-	-	-	-
Current assets`29/58`	3,251	562	524	2,214	664	2,432	3,055	10,450	10,242	6,037	7,609	8,076	28,475	29,411	107,896	254,493	141,111	88,006	14,520
Amounts receivable within one year`40/41`	3,000	562	462	1,555	351	336	2,354	8,343	9,650	4,539	5,945	4,913	13,395	25,980	42,819	184,775	60,865	-	14,520
Trade receivables`40`	3,000	-	379	-	-	-	-	-	-	-	2,571	-	-	0	-	148,576	40,000	-	14,520
Other amounts receivable`41`	-	562	84	1,555	351	336	2,354	8,343	9,650	4,539	3,374	4,913	13,395	25,980	42,819	36,199	20,865	-	-
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,000	-
Cash at bank and in hand`54/58`	-	-	-	1	15	2,096	701	295	-	1,498	1,664	3,163	15,080	3,062	65,025	69,667	80,199	6,709	-
Deferred charges and accrued income`490/1`	251	-	62	659	298	-	-	1,812	592	-	-	-	-	369	52	51	47	1,298	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	4,751	2,062	2,554	4,774	4,345	10,855	13,571	25,600	27,442	8,528	9,622	13,123	35,056	33,334	109,596	256,682	142,072	89,858	14,520
Equity`10/15`	-321,204	-317,191	-308,589	-298,027	-284,763	-269,621	-264,183	-235,448	-215,351	-189,311	-152,035	-108,613	-49,763	33,334	93,426	64,180	60,050	65,871	10,086
Contributions`10/11`	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	13,645	13,645	13,645	11,155	11,155
Capital`10`	-	-	-	18,625	18,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	18,625	11,155	11,155
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,980	4,980	4,980	-	-
Reserves`13`	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,822	54,616	54,616	301
Non-distributable reserves`130/1`	-	-	1,322	1,322	1,322	1,322	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,322	1,116	1,116	301
Reserves not available under the articles`1311`	-	-	1,322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	54,822	54,822	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	53,500	-
Profit (loss) carried forward`14`	-394,651	-390,638	-382,036	-371,474	-358,210	-343,068	-337,630	-317,950	-288,798	-262,758	-225,482	-182,060	-123,210	-40,113	24,959	-4,287	-8,211	101	-1,370
Investment grants`15`	-	-	-	-	-	-	-	9,055	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	325,955	319,253	311,143	302,801	289,108	280,476	277,754	261,048	242,793	197,839	161,657	121,736	84,819	-	16,170	192,502	82,022	23,987	4,434
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	3,539	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	-	-	3,539	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	325,955	319,253	311,143	302,801	289,108	280,476	277,754	261,048	239,254	197,839	161,657	121,736	84,819	-	16,170	192,502	82,022	23,868	4,434
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,333	3,333	7,083	-
Financial debts`43`	4,982	4,291	4,190	3,745	491	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	4,982	4,291	4,190	3,745	491	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	205	-	256	2,761	1,050	699	-	448	9,563	313	3,649	4,039	17,627	-	16,170	11,713	74,854	5,879	-
Suppliers`440/4`	205	-	256	2,761	1,050	699	-	448	9,563	313	3,649	4,039	3,059	-	16,170	11,713	74,854	5,879	-
Bills of exchange payable`441`	-	-	-	-	-	-	-	-	-	-	-	-	14,568	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153,550	-	-	-
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,906	3,835	10,761	4,434
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,594	3,835	10,761	4,434
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	312	-	-	-
Other amounts payable`47/48`	320,768	314,962	306,697	296,295	287,567	279,777	277,754	260,600	229,691	197,526	158,008	117,697	67,192	-	-	-	-	146	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	-
Income statement
Non-recurring operating income`76A`	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,164
Gross operating margin`9900`	-2,374	-6,542	-8,588	-11,036	-8,960	-102	-13,469	-22,045	-20,723	-35,669	-40,236	-55,513	-74,237	-57,625	31,275	9,754	-6,061	87,362	12,000
Goods, raw materials, services and sundry goods`60/61`	-	-	8,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	530	530	1,121	4,743	4,743	4,635	5,002	4,668	624	1,534	1,534	2,458	777	859	1,284	1,303	1,303	1,399
Other operating charges`640/8`	760	836	839	659	1,120	300	1,199	1,689	320	730	961	740	673	654	556	1,005	2,184	700	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	650	-	-	-	25,318
Operating profit (loss)`9901`	-3,134	-7,908	-9,957	-12,816	-14,823	-5,145	-19,303	-28,736	-25,711	-37,023	-42,731	-57,787	-77,368	-59,056	29,860	7,465	-9,548	85,360	10,601
Financial income`75/76B`	-	-	-	-	-	2	-	-	-	-	-	-	-	203	2,322	1,367	2,433	2,000	-
Recurring financial income`75`	-	-	-	-	-	2	-	-	-	-	-	-	-	203	2,322	1,367	2,433	2,000	-
Financial charges`65/66B`	879	694	605	448	319	295	377	416	329	253	691	1,063	1,111	1,645	2,286	2,843	1,409	1,346	-
Recurring financial charges`65`	879	694	605	448	319	295	377	416	329	253	691	1,063	1,111	1,645	2,286	2,843	1,409	1,346	-
Profit (loss) for the period before taxes`9903`	-4,013	-8,602	-10,562	-13,264	-15,142	-5,438	-19,680	-29,152	-26,040	-37,276	-43,422	-58,850	-78,479	-60,498	29,246	5,989	-8,524	86,014	5,447
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	-	-	4,618	4,574	-	1,858	-213	30,228	1,914
Profit (loss) for the period`9904`	-4,013	-8,602	-10,562	-13,264	-15,142	-5,438	-19,680	-29,152	-26,040	-37,276	-43,422	-58,850	-83,097	-65,072	29,246	4,131	-8,311	55,785	3,533
Profit (loss) for the period to be appropriated`9905`	-4,013	-8,602	-10,562	-13,264	-15,142	-5,438	-19,680	-29,152	-26,040	-37,276	-43,422	-58,850	-83,097	-65,072	29,246	4,131	-8,311	55,785	3,533
Appropriation of the result
Profit (loss) to be appropriated`9906`	-394,651	-390,638	-382,036	-371,474	-358,210	-343,068	-337,630	-317,950	-288,798	-262,758	-225,482	-182,060	-123,210	-40,113	24,959	-4,080	-8,211	54,415	-1,193
Profit (loss) brought forward from the previous period`14P`	-390,638	-382,036	-371,474	-358,210	-343,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207	-	54,315	177
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207	-	815	177
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,500	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-08-2026	2026-00414905	PDF
31-12-2024	micro format	14-11-2025	2025-00566317	PDF
31-12-2023	micro format	31-05-2024	2024-00104933	PDF
31-12-2022	micro format	23-09-2023	2023-00452476	PDF
31-12-2021	micro format	02-08-2022	2022-20261399	PDF
31-12-2020	micro format	08-02-2022	2022-05200554	PDF
31-12-2019	micro format	22-10-2020	2020-63300335	PDF
31-12-2018	micro format	26-08-2019	2019-52400043	PDF
31-12-2017	micro format	06-03-2019	2019-06500210	PDF
31-12-2016	micro format	30-08-2017	2017-55400145	PDF
31-12-2015	full format	08-08-2016	2016-41000434	PDF
31-12-2014	full format	10-09-2015	2015-58600135	PDF
31-12-2013	full format	04-08-2014	2014-40700257	PDF
31-12-2012	full format	01-08-2013	2013-39600382	PDF
31-12-2011	full format	02-08-2012	2012-38700182	PDF
31-12-2010	full format	13-07-2011	2011-28800492	PDF
31-12-2009	full format	07-06-2010	2010-15600315	PDF
31-12-2008	full format	12-05-2009	2009-14600325	PDF
31-12-2007	full format	12-06-2008	2008-22300013	PDF
31-12-1991	full format	10-08-1992	1992-27502630	PDF
31-12-1990	full format	08-10-1991	1991-27600610	PDF
31-12-1989	full format	03-07-1990	1990-14403308	PDF
31-12-1988	full format	07-06-1989	1989-07001248	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-	-7,378	-9,427	-11,695	-10,080	-402	-14,668	-23,734	-21,043	-36,399	-41,197	-56,253	-74,910	-58,279	30,719	8,749	-8,245	86,663	12,000
Cash flow	-	-8,072	-10,032	-12,143	-10,399	-695	-15,045	-24,150	-21,372	-36,652	-41,888	-57,316	-80,639	-64,295	30,105	5,415	-7,008	57,088	4,932
Investment in fixed assets (approximation)	-	0	0	-0	1	2,650	1	2,952	19,377	1,102	-1,500	0	5,116	3,000	370	2,512	413	3,155	-
Change in cash	-	-	-	-14	-2,081	1,395	406	-	-	-166	-1,499	-11,917	12,018	-61,963	-4,642	-10,532	73,490	-	-
Working capital	-322,704	-318,691	-310,619	-300,587	-288,444	-278,044	-274,699	-250,598	-229,012	-191,802	-154,048	-113,660	-56,344	-	91,726	61,991	59,089	64,138	10,086
Solvency	-	-	-	-	-	-	-	-919.7%	-784.7%	-	-	-827.7%	-142.0%	100.0%	85.2%	25.0%	42.3%	73.3%	69.5%
Current ratio	-	-	-	-	-	0.01	0.01	0.04	0.04	0.03	0.05	0.07	0.34	-	6.67	1.32	1.72	3.69	3.27
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	3.00	1.37	0.36	0.44
ROE	-	-	-	-	-	-	-	-	-	-	-	-	-	-195.2%	31.3%	6.4%	-13.8%	84.7%	35.0%
ROA	-	-	-	-	-	-50.1%	-145.0%	-113.9%	-94.9%	-437.1%	-451.3%	-448.4%	-237.0%	-195.2%	26.7%	1.6%	-5.8%	62.1%	24.3%
Interest coverage	-	-10.63	-15.59	-26.09	-31.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	11 days	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

MULTI-COMMUNICATION

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