MULTIGRAPHICS
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed late (170 days) Filed on 17 January 2023, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-00002027.
Turnover
€59,300▲ 237%
2020 · €17,599
EBIT margin
-9.8%▲ 123.5pp
2020 · -133.3%
Net result
-€8,048▲ 66.0%
2020 · -€23,669
Working capital
€3,172▼ 56.0%
2020 · €7,208
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €5,826 in 2021 against €23,468 in 2020; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€59,300
2021
Operating result-€5,826
2021
Net result-€8,048
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€24,125
2021
Equity-€20,654
2021
Debt€44,779
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,172
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-9.8%
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€71,551-€73,925▲ 3.3%€17,599▼ 76.2%€59,300▲ 237%
Operating result€15,823-€5,070▼ 68.0%-€23,468-€5,826▲ 75.2%
Net result€13,987-€2,978▼ 78.7%-€23,669-€8,048▲ 66.0%
EBIT margin22.1%-6.9%▼ 15.3pp-133.3%▼ 140.2pp-9.8%▲ 123.5pp
Equity€8,086-€11,064▲ 36.8%-€12,606-€20,654▼ 63.8%
Total assets€34,827-€53,327▲ 53.1%€25,197▼ 52.8%€24,125▼ 4.3%
Debt€26,741-€42,263▲ 58.0%€37,802▼ 10.6%€44,779▲ 18.5%
Working capital€10,377-€33,925▲ 227%€7,208▼ 78.8%€3,172▼ 56.0%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €24,125
Fixed assets
€7,089 ▲ 17.2%
Current assets
€17,036 ▼ 11.0%
Equity and liabilities
Equity-€20,654
Debt€44,779
Equity is negative: debt (€44,779) exceeds the balance-sheet total (€24,125).
Key figures and ratios
EBITDA
-€5,567▲
2020 · -€21,542
Cash flow
-€7,788▲
2020 · -€21,743
Solvency
-85.6%▼
2020 · -50.0%
Current ratio
1.23▼
2020 · 1.60
Quick ratio
0.02▲
2020 · 0.01
ROA
-33.4%▲
2020 · -93.9%
Interest coverage
-2.51
Debt ≤ 1 year
€13,864▲
2020 · €11,939
Debt > 1 year
€30,915▲
2020 · €25,864
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Turnover70 | €71,551 | €73,925 | €17,599 | €59,300 | ▲ 237% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €68,863 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,926 | €1,926 | €1,926 | €260 | ▼ 86.5% |
| Other operating charges640/8 | - | - | - | €1,004 | - |
| Gross operating margin9900 | €20,697 | €8,400 | -€20,995 | -€4,562 | ▲ 78.3% |
| Operating profit (loss)9901 | €15,823 | €5,070 | -€23,468 | -€5,826 | ▲ 75.2% |
| Recurring financial income75 | €361 | €586 | - | - | - |
| Financial charges65/66B | - | - | - | €2,221 | - |
| Recurring financial charges65 | €2,197 | €2,679 | €201 | €2,221 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | €13,987 | €2,978 | -€23,669 | -€8,048 | ▲ 66.0% |
| Profit (loss) for the period9904 | €13,987 | €2,978 | -€23,669 | -€8,048 | ▲ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €13,987 | €2,978 | -€23,669 | -€8,048 | ▲ 66.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,827 | €53,327 | €25,197 | €24,125 | ▼ 4.3% |
| Fixed assets21/28 | €9,902 | €7,976 | €6,050 | €7,089 | ▲ 17.2% |
| Tangible fixed assets22/27 | €3,852 | €1,926 | - | €1,039 | - |
| Plant, machinery and equipment23 | - | - | - | €1,039 | - |
| Financial fixed assets28 | €6,050 | €6,050 | €6,050 | €6,050 | = |
| Current assets29/58 | €24,925 | €45,351 | €19,147 | €17,036 | ▼ 11.0% |
| Stocks and contracts in progress3 | €6,967 | €7,743 | €19,044 | €16,697 | ▼ 12.3% |
| Stocks30/36 | - | - | - | €16,697 | - |
| Amounts receivable within one year40/41 | €8,878 | €5,062 | - | - | - |
| Cash at bank and in hand54/58 | €80 | €296 | €103 | €339 | ▲ 229% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,827 | €53,327 | €25,197 | €24,125 | ▼ 4.3% |
| Equity10/15 | €8,086 | €11,064 | -€12,606 | -€20,654 | ▼ 63.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€10,514 | -€7,536 | -€31,206 | -€39,254 | ▼ 25.8% |
| Amounts payable17/49 | €26,741 | €42,263 | €37,802 | €44,779 | ▲ 18.5% |
| Amounts payable after more than one year17 | €12,193 | €30,837 | €25,864 | €30,915 | ▲ 19.5% |
| Financial debts170/4 | - | - | - | €30,915 | - |
| Amounts payable within one year42/48 | €14,547 | €11,426 | €11,939 | €13,864 | ▲ 16.1% |
| Trade debts44 | €9,026 | €4,762 | €5,970 | €5,263 | ▼ 11.8% |
| Suppliers440/4 | - | - | - | €5,263 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,952 | - |
| Taxes450/3 | - | - | - | €2,952 | - |
| Other amounts payable47/48 | - | - | - | €5,649 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,987 | €2,978 | -€23,669 | -€8,048 | ▲ 66.0% |
| + Depreciation and write-downs630 | €1,926 | €1,926 | €1,926 | €260 | ▼ 86.5% |
| Operating cash flow (approximation) | €15,913 | €4,904 | -€21,743 | -€7,788 | ▲ 64.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,299 | - |
| Change in cash | - | €217 | -€193 | €236 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 17-01-2023 | 2023-00002027 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63500171 |
| 31-12-2019 | micro format | 30-09-2020 | 2020-58500530 |
| 31-12-2018 | micro format | 16-01-2020 | 2020-01500371 |
| 31-12-2017 | micro format | 11-06-2019 | 2019-17600365 |
| 31-12-2016 | full format | 31-12-2017 | 2017-73700458 |
| 31-12-2015 | full format | 30-09-2016 | 2016-64300116 |
| 31-12-2014 | full format | 31-08-2015 | 2015-57400079 |
| 31-12-2013 | full format | 29-08-2014 | 2014-56500205 |
| 31-12-2012 | full format | 30-09-2013 | 2013-61700410 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.