MULTIMAGO
ActiveSummary
MULTIMAGO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213,744 and a net result of €46,058. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 538 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 5.06 against 10.33 in 2023; short-term debt: 19.6% and cash: 57.6% of total assets), and 19.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
30 d early
2022
49 d early
2021
40 d early
2020
29 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€213,744▼ 0.2%
2023 · €214,198
Total assets
€265,785▲ 12.3%
2023 · €236,700
Net result
€46,058▼ 22.3%
2023 · €59,313
Working capital
€211,258▲ 0.6%
2023 · €209,925
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€9,346-€14,363▼ 53.7%€78,025€84,402▲ 8.2%€66,105▼ 21.7%
Net result€2,384▼ 94.8%€17,953▲ 653%€58,875▲ 228%€59,313▲ 0.7%€46,058▼ 22.3%
Equity€112,949▲ 2.2%€130,102▲ 15.2%€171,338▲ 31.7%€214,198▲ 25.0%€213,744▼ 0.2%
Total assets€132,854▲ 1.6%€137,539▲ 3.5%€200,414▲ 45.7%€236,700▲ 18.1%€265,785▲ 12.3%
Debt€19,905▼ 1.5%€7,437▼ 62.6%€29,076▲ 291%€22,502▼ 22.6%€52,041▲ 131%
Working capital€105,798▼ 5.2%€129,600▲ 22.5%€170,672▲ 31.7%€209,925▲ 23.0%€211,258▲ 0.6%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265,785
Fixed assets
€2,487 ▼ 41.8%
Current assets
€263,298 ▲ 13.3%
Equity and liabilities €265,785
Equity
€213,744 ▼ 0.2%
Debt
€52,041 ▲ 131%
Debt's share of the balance-sheet total rises from 9.5% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67,891▼
2023 · €85,502
Cash flow
€47,844▼
2023 · €60,413
Current ratio
5.06▼
2023 · 10.33
Debt to equity
0.24▲
2023 · 0.11
ROE
21.5%▼
2023 · 27.7%
ROA
17.3%▼
2023 · 25.1%
Interest coverage
31.87▼
2023 · 40.07
Debt ≤ 1 year
€52,041▲
2023 · €22,502
Income taxes
€17,917▼
2023 · €22,955
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,314 | €7,352 | €690 | €1,099 | €1,786 | ▲ 62.5% |
| Other operating charges640/8 | - | €1,006 | €1,076 | €546 | €559 | ▲ 2.4% |
| Non-recurring operating charges66A | - | - | €427 | €0 | - | - |
| Gross operating margin9900 | -€1,902 | -€6,004 | €80,218 | €86,048 | €68,450 | ▼ 20.5% |
| Operating profit (loss)9901 | -€9,346 | -€14,363 | €78,025 | €84,402 | €66,105 | ▼ 21.7% |
| Financial income75/76B | - | €34,880 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €12,455 | €34,880 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €479 | €72 | €2,134 | €2,130 | ▼ 0.2% |
| Recurring financial charges65 | €214 | €479 | €72 | €2,134 | €2,130 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €2,894 | €20,038 | €77,953 | €82,269 | €63,975 | ▼ 22.2% |
| Income taxes67/77 | €510 | €2,086 | €19,078 | €22,955 | €17,917 | ▼ 21.9% |
| Profit (loss) for the period9904 | €2,384 | €17,953 | €58,875 | €59,313 | €46,058 | ▼ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €2,384 | €17,953 | €58,875 | €59,313 | €46,058 | ▼ 22.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,854 | €137,539 | €200,414 | €236,700 | €265,785 | ▲ 12.3% |
| Fixed assets21/28 | €7,854 | €502 | €2,667 | €4,273 | €2,487 | ▼ 41.8% |
| Tangible fixed assets22/27 | €7,854 | €502 | €2,667 | €4,273 | €2,487 | ▼ 41.8% |
| Plant, machinery and equipment23 | - | €502 | €1,235 | €665 | €95 | ▼ 85.7% |
| Furniture and vehicles24 | - | - | €1,432 | €3,608 | €2,392 | ▼ 33.7% |
| Current assets29/58 | €125,000 | €137,037 | €197,748 | €232,428 | €263,298 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €9,014 | €3,102 | €8,856 | €547 | €2,604 | ▲ 376% |
| Trade receivables40 | - | €688 | €3,033 | €0 | €1,392 | - |
| Other amounts receivable41 | - | €2,414 | €5,822 | €547 | €1,213 | ▲ 122% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €114,962 | €133,745 | €187,264 | €221,794 | €153,133 | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | €191 | €1,628 | €10,086 | €7,561 | ▼ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,854 | €137,539 | €200,414 | €236,700 | €265,785 | ▲ 12.3% |
| Equity10/15 | €112,949 | €130,102 | €171,338 | €214,198 | €213,744 | ▼ 0.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €106,749 | €123,902 | €165,138 | €207,998 | €207,544 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €122,042 | €165,138 | €207,998 | €207,544 | ▼ 0.2% |
| Profit (loss) carried forward14 | €12 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €19,905 | €7,437 | €29,076 | €22,502 | €52,041 | ▲ 131% |
| Amounts payable after more than one year17 | €703 | - | - | - | - | - |
| Amounts payable within one year42/48 | €19,201 | €7,437 | €27,076 | €22,502 | €52,041 | ▲ 131% |
| Current portion of amounts payable after more than one year42 | - | €703 | - | - | - | - |
| Financial debts43 | - | €274 | €141 | €369 | €322 | ▼ 12.7% |
| Credit institutions430/8 | - | €274 | €141 | €369 | €322 | ▼ 12.7% |
| Trade debts44 | €15,027 | €706 | €2,879 | €3,078 | €3,309 | ▲ 7.5% |
| Suppliers440/4 | - | €706 | €2,879 | €3,078 | €3,309 | ▲ 7.5% |
| Taxes, remuneration and social security45 | - | €4,948 | €6,411 | €2,595 | €1,892 | ▼ 27.1% |
| Taxes450/3 | - | €4,948 | €3,911 | €95 | €1,892 | ▲ 1,888% |
| Remuneration and social security454/9 | - | - | €2,500 | €2,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €806 | €17,645 | €16,460 | €46,517 | ▲ 183% |
| Accrued charges and deferred income492/3 | - | - | €2,000 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,384 | €17,953 | €58,875 | €59,313 | €46,058 | ▼ 22.3% |
| + Depreciation and write-downs630 | €7,314 | €7,352 | €690 | €1,099 | €1,786 | ▲ 62.5% |
| Operating cash flow (approximation) | €9,698 | €25,305 | €59,565 | €60,413 | €47,844 | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | €0 | -€2,855 | -€2,705 | €0 | ▲ 100% |
| Change in cash | - | €18,783 | €53,519 | €34,530 | -€68,661 | ▼ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €59,313 ▲0.7%
Operating result €84,402, net result €59,313, both a record.
31-12
Financial
Equity above €200,000Eq €214,198 ▲25%
6 profitable years in a row build equity to €214,198.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €171,338 ▲31.7%
5 profitable years in a row build equity to €171,338.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 18.43
Current ratio from 6.51 to 18.43; short-term debt falls from €19,201 to €7,437.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €2,384 ▼94.8%
Net result drops to €2,384, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 21.90
Current ratio from 4.14 to 21.90; short-term debt falls from €28,271 to €5,342.
Show earlier events
31-12
Financial
Equity above €100,000Eq €110,565 ▲68.2%
2 profitable years in a row build equity to €110,565.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Niel · 1 establishment unit since 2001
Ground area
2,240 m²
Building footprint
1,282 m²
Volume, LiDAR
17,078 m³
Parcel 11030B0337/00D004, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Pierre Toebenteplein 3, 2845 Niel
since 20012.116.363.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0337/00D004 | Flanders | 2,240 m² | 1 · 1,282 m² | 18.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 672 companies in sector 90392 we hold annual accounts for 206. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
90392Design and construction of stages and sets
46190Agents in non-specialised wholesale trade
73110Advertising agencies
77392Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.