MULTIMEDIA CONCEPT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-11-2025 PDF all 18 filings
Equity
-€22,902▼ 6.5%
2024 · -€21,507
Total assets
€6,032▼ 29.1%
2024 · €8,508
Net result
-€1,394▲ 84.4%
2024 · -€8,915
Working capital
-€23,119▼ 5.4%
2024 · -€21,926
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€1,206
▲ 86.3%
2025
20192025
Net result
-€1,394
▲ 84.4%
2025
middle half of the sector
20192025
Equity
-€22,902
▼ 6.5%
2025
lowest quarter of the sector
20192025
Total assets
€6,032
▼ 29.1%
2025
lowest quarter of the sector
20192025
Debt
€28,933
▼ 3.6%
2025
20192025
Working capital
-€23,119
▼ 5.4%
2025
lowest quarter of the sector
20192025
Solvency
-379.7%
▼ 126.9pp
2025
lowest quarter of the sector
20192025
Current ratio
0.20
▼ 0.07
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-23.1%
▲ 81.7pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€3,756-€1,606▼ 57.2%€8,548▲ 432%€4,435▼ 48.1%-€113-€8,782▼ 7,694%-€1,206▲ 86.3%
Net result€3,576-€1,461within the sector's middle half▼ 59.2%€7,397within the sector's middle half▲ 406%€3,563within the sector's middle half▼ 51.8%-€77within the sector's middle half-€8,915below the sector's middle half▼ 11,434%-€1,394within the sector's middle half▲ 84.4%
Equity-€24,936--€23,475below the sector's middle half▲ 5.9%-€16,078below the sector's middle half▲ 31.5%-€12,515below the sector's middle half▲ 22.2%-€12,593below the sector's middle half▼ 0.6%-€21,507below the sector's middle half▼ 70.8%-€22,902below the sector's middle half▼ 6.5%
Total assets€4,135-€3,809below the sector's middle half▼ 7.9%€10,311below the sector's middle half▲ 171%€16,349below the sector's middle half▲ 58.6%€19,092below the sector's middle half▲ 16.8%€8,508below the sector's middle half▼ 55.4%€6,032below the sector's middle half▼ 29.1%
Debt€29,071-€27,284▼ 6.1%€26,389▼ 3.3%€28,864▲ 9.4%€31,685▲ 9.8%€30,015▼ 5.3%€28,933▼ 3.6%
Working capital-€24,936--€23,475below the sector's middle half▲ 5.9%-€16,078below the sector's middle half▲ 31.5%-€13,336below the sector's middle half▲ 17.1%-€13,212below the sector's middle half▲ 0.9%-€21,926below the sector's middle half▼ 66.0%-€23,119below the sector's middle half▼ 5.4%
Solvency-155.9%below the sector's middle half-76.6%below the sector's middle half▲ 79.4pp-66.0%below the sector's middle half▲ 10.6pp-252.8%below the sector's middle half▼ 186.8pp-379.7%below the sector's middle half▼ 126.9pp
Current ratio0.39below the sector's middle half0.54below the sector's middle half▲ 0.150.58below the sector's middle half▲ 0.050.27below the sector's middle half▼ 0.310.20below the sector's middle half▼ 0.07
Return on assets (ROA)71.7%above the sector's middle half21.8%above the sector's middle half▼ 49.9pp-0.4%within the sector's middle half▼ 22.2pp-104.8%below the sector's middle half▼ 104.4pp-23.1%below the sector's middle half▲ 81.7pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,206, smaller than the loss of €8,782 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,032
Fixed assets
€218 ▼ 48.0%
Current assets
€5,814 ▼ 28.1%
Equity and liabilities
Equity-€22,902
Debt€28,933
Equity is negative. Debt (€28,933) exceeds the balance-sheet total (€6,032).
Key figures and ratios
EBITDA
-€1,005▲
2024 · -€8,581
Cash flow
-€1,193▲
2024 · -€8,714
Quick ratio
0.09▼
2024 · 0.16
Interest coverage
-20.66▲
2024 · -5877.56
Debt ≤ 1 year
€28,933▼
2024 · €30,015
Income taxes
€140▲
2024 · €131
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,004 | - | - | - |
| Depreciation and write-downs of the year | €184 | €201 | €201 | €201 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €184 | €201 | €201 | €201 | = |
| Gross operating margin9900 | €3,968 | €1,606 | €8,760 | €4,620 | €88 | -€8,581 | -€1,005 | ▲ 88.3% |
| Operating profit (loss)9901 | €3,756 | €1,606 | €8,548 | €4,435 | -€113 | -€8,782 | -€1,206 | ▲ 86.3% |
| Financial income75/76B | - | - | - | €275 | €181 | - | - | - |
| Recurring financial income75 | €1 | €12 | - | €275 | €181 | - | - | - |
| Financial charges65/66B | - | - | - | €731 | €1 | €1 | €49 | ▲ 33× |
| Recurring financial charges65 | €180 | €158 | €118 | €731 | €1 | €1 | €49 | ▲ 33× |
| Profit (loss) for the period before taxes9903 | €3,576 | €1,461 | €8,430 | €3,980 | €67 | -€8,784 | -€1,255 | ▲ 85.7% |
| Income taxes67/77 | - | - | €1,033 | €417 | €144 | €131 | €140 | ▲ 6.3% |
| Profit (loss) for the period9904 | €3,576 | €1,461 | €7,397 | €3,563 | -€77 | -€8,915 | -€1,394 | ▲ 84.4% |
| Profit (loss) for the period to be appropriated9905 | €3,576 | €1,461 | €7,397 | €3,563 | -€77 | -€8,915 | -€1,394 | ▲ 84.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4,135 | €3,809 | €10,311 | €16,349 | €19,092 | €8,508 | €6,032 | ▼ 29.1% |
| Fixed assets21/28 | - | - | - | €820 | €619 | €418 | €218 | ▼ 48.0% |
| Tangible fixed assets22/27 | - | - | - | €820 | €619 | €418 | €218 | ▼ 48.0% |
| Furniture and vehicles24 | - | - | - | €820 | €619 | €418 | €218 | ▼ 48.0% |
| Current assets29/58 | €4,135 | €3,809 | €10,311 | €15,529 | €18,473 | €8,089 | €5,814 | ▼ 28.1% |
| Stocks and contracts in progress3 | €3,331 | €3,216 | €2,928 | €3,171 | €3,317 | €3,317 | €3,317 | = |
| Stocks30/36 | - | - | - | €3,171 | €3,317 | €3,317 | €3,317 | = |
| Amounts receivable within one year40/41 | €805 | €594 | €4,273 | €1,485 | €5,723 | €2,284 | €1,995 | ▼ 12.7% |
| Trade receivables40 | - | - | - | - | €3,587 | €133 | - | - |
| Other amounts receivable41 | - | - | - | €1,485 | €2,136 | €2,150 | €1,995 | ▼ 7.2% |
| Cash at bank and in hand54/58 | - | - | €3,110 | €10,873 | €9,432 | €2,489 | €503 | ▼ 79.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4,135 | €3,809 | €10,311 | €16,349 | €19,092 | €8,508 | €6,032 | ▼ 29.1% |
| Equity10/15 | -€24,936 | -€23,475 | -€16,078 | -€12,515 | -€12,593 | -€21,507 | -€22,902 | ▼ 6.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€31,136 | -€29,675 | -€22,278 | -€18,715 | -€18,793 | -€27,707 | -€29,102 | ▼ 5.0% |
| Amounts payable17/49 | €29,071 | €27,284 | €26,389 | €28,864 | €31,685 | €30,015 | €28,933 | ▼ 3.6% |
| Amounts payable within one year42/48 | €29,071 | €27,284 | €26,389 | €28,864 | €31,685 | €30,015 | €28,933 | ▼ 3.6% |
| Trade debts44 | €871 | - | €67 | - | €131 | €796 | €481 | ▼ 39.6% |
| Suppliers440/4 | - | - | - | - | €131 | €796 | €481 | ▼ 39.6% |
| Advances received on contracts in progress46 | - | - | - | - | €3,773 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,059 | €140 | €131 | €140 | ▲ 6.3% |
| Taxes450/3 | - | - | - | €3,059 | €140 | €131 | €140 | ▲ 6.3% |
| Other amounts payable47/48 | - | - | - | €25,805 | €27,641 | €29,088 | €28,313 | ▼ 2.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,576 | €1,461 | €7,397 | €3,563 | -€77 | -€8,915 | -€1,394 | ▲ 84.4% |
| + Depreciation and write-downs630 | - | - | - | €184 | €201 | €201 | €201 | = |
| Operating cash flow (approximation) | €3,576 | €1,461 | €7,397 | €3,747 | €124 | -€8,714 | -€1,193 | ▲ 86.3% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €7,763 | -€1,440 | -€6,944 | -€1,986 | ▲ 71.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as MULTIMEDIA CONCEPT has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MULTIMEDIA CONCEPT itself is lower: 1.0% within 12 months. It rests on far more data about MULTIMEDIA CONCEPT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for MULTIMEDIA CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 12-11-2025 | 2025-00566041 | |
| 30-06-2024 | micro format | 30-09-2024 | 2024-00492797 | |
| 30-06-2023 | micro format | 24-01-2024 | 2024-00006945 | |
| 30-06-2022 | micro format | 18-08-2022 | 2022-20303001 | |
| 30-06-2021 | micro format | 13-09-2021 | 2021-67100111 | |
| 30-06-2020 | micro format | 02-12-2020 | 2020-74200199 | |
| 30-06-2019 | micro format | 10-02-2020 | 2020-04800427 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03700364 | |
| 30-06-2017 | micro format | 28-12-2017 | 2017-73400392 | |
| 30-06-2016 | full format | 21-02-2017 | 2017-05200549 |