MULTUM BEDRIJFSREVISOREN
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-07-2022, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d early
2020
2 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€320k▲ 37.4%
2020 · €233k
2018: €403k
2019: €279k
2020: €233k
2018 → 2021
Total assets
€361k▼ 29.1%
2020 · €509k
2018: €1.39M
2019: €521k
2020: €509k
2018 → 2021
Net result
€87k▼ 16.5%
2020 · €104k
2018: €264k
2019: €76k
2020: €104k
2018 → 2021
Working capital
€321k▲ 37.6%
2020 · €233k
2018: €542k
2019: €278k
2020: €233k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€403k-€279k▼ 30.8%€233k▼ 16.3%€320k▲ 37.4%
Operating result€382k-€103k▼ 73.1%€138k▲ 34.7%€116k▼ 16.4%
Net result€264k-€76k▼ 71.2%€104k▲ 37.2%€87k▼ 16.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 16% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €361k
Equity
€320k▲ 37.4%
Debt
€41k▼ 85.2%
The debt ratio falls from 54.2% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
88.7%▲
2020 · 45.8%
Current ratio
8.92▲
2020 · 1.84
Quick ratio
8.92▲
2020 · 1.84
Debt / equity
0.13
ROE
27.2%▼
2020 · 44.8%
ROA
24.1%▲
2020 · 20.5%
Debt
€41k▼
2020 · €276k
Debt ≤ 1 year
€40k▼
2020 · €276k
Income taxes
€29k▼
2020 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€509k€361k▼
Current assets29/58€509k€361k▼
Amounts receivable within one year40/41€229k€258k▲
Trade receivables40-€177k
Other amounts receivable41-€81k
Current investments50/53€60k€15k▼
Cash at bank and in hand54/58€220k€88k▼
Equity and liabilities
Total equity and liabilities10/49€509k€361k▼
Equity10/15€233k€320k▲
Contributions10/11-€19k
Reserves13€142k€142k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€140k
Profit (loss) carried forward14€72k€159k▲
Amounts payable17/49€276k€41k▼
Amounts payable within one year42/48€276k€40k▼
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€653€5k▲
Suppliers440/4-€5k
Taxes, remuneration and social security45-€24k
Taxes450/3-€24k
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€353
Income statement
Code20202021
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-7k
Other operating charges640/8-€606
Gross operating margin9900€142k€109k▼
Operating profit (loss)9901€138k€116k▼
Financial income75/76B-€1k
Recurring financial income75€2k€1k▼
Financial charges65/66B-€725
Recurring financial charges65€719€725▲
Profit (loss) for the period before taxes9903€139k€116k▼
Income taxes67/77€35k€29k▼
Profit (loss) for the period9904€104k€87k▼
Transfer from tax-exempt reserves789-€0
Profit (loss) for the period to be appropriated9905€151k€87k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€159k
Profit (loss) brought forward from the previous period14P-€72k
Transfer from equity791/2-€0
Profit to be distributed694/7-€0
Return on contributions (dividend)694€150k€0▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 8.92
Current ratio from 1.84 to 8.92; short-term debt falls from €276k to €40k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €76k ▼71.2%
Net result drops to €76k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
28-02
State Gazette act
General meeting · Auditor resignation
Auditor appointment · Permanent representative
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
15-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2010
28-06
State Gazette act
General meeting · Board meeting
Auditor appointment · Permanent representative
28-06
State Gazette act
General meeting · Board meeting
Auditor appointment · Permanent representative
2008
22-09
State Gazette act
General meeting · Director resignation
Director appointment · Auditor appointment
22-09
State Gazette act
General meeting · Director resignation
Director appointment · Auditor appointment
2005
14-11
State Gazette act
General meeting · Incorporation
Corporate purpose · Founder
01-08
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director appointment
28-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director reappointment
28-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director reappointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
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