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MUSE COMMUNICATION

Inactive
KBO/BCE: BE 0886.131.721

MUSE COMMUNICATION was declared bankrupt on 02-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 30-09-2025, published in the Belgian Official Gazette on 06-10-2025.

Summary

Inactive; last annual accounts for financial year 2020.

MUSE COMMUNICATIONInactive

Financials · financial year 2020, micro format

2020 annual accounts filed late (188 days) Filed on 4 February 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-05100337.

Equity
€34,037
2019 · -€22,757
Total assets
€61,703▲ 54.5%
2019 · €39,928
Net result
€56,793▲ 14×
2019 · €4,060
Working capital
€34,089
2019 · -€20,197
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result has risen two years in a row; 2020 is 9.4 times 2019 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€52,525 2020 Net result€56,793 2020

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result-€25,384-€5,594€52,525▲ 839%
Net result-€30,356-€4,060€56,793▲ 14×
Equity-€26,816--€22,757▲ 15.1%€34,037
Total assets€41,832-€39,928▼ 4.6%€61,703▲ 54.5%
Debt€68,648-€62,684▼ 8.7%€27,666▼ 55.9%
Working capital-€26,326--€20,197▲ 23.3%€34,089
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Equity and liabilities €61,703
Equity €34,037
Debt €27,666
Debt finances 44.8% of the balance-sheet total.
Key figures and ratios
2020 value · change against 2019
Current ratio
2.23▲
2019 · 0.66
Quick ratio
2.16▲
2019 · 0.63
ROE
166.9%
ROA
92.0%▲
2019 · 10.2%
Debt ≤ 1 year
€27,614▼
2019 · €60,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 19 lines
Balance sheet Code20192020
Assets
Total assets20/58€39,928€61,703▲
Current assets29/58€39,928€61,703▲
Stocks and contracts in progress3€2,274€2,094▼
Amounts receivable within one year40/41€37,646€59,170▲
Cash at bank and in hand54/58€7€1▼
Equity and liabilities
Total equity and liabilities10/49€39,928€61,703▲
Equity10/15-€22,757€34,037▲
Reserves13€11,125€11,125=
Profit (loss) carried forward14-€40,082€16,712▲
Amounts payable17/49€62,684€27,666▼
Amounts payable within one year42/48€60,125€27,614▼
Trade debts44€53,636€16,562▼
Income statement Code20192020
Gross operating margin9900€6,750€54,013▲
Operating profit (loss)9901€5,594€52,525▲
Recurring financial income75€2,418€4,809▲
Recurring financial charges65€3,952€540▼
Profit (loss) for the period before taxes9903€4,060€56,793▲
Profit (loss) for the period9904€4,060€56,793▲
Profit (loss) for the period to be appropriated9905€4,060€56,793▲
Line201820192020Change
Gross operating margin9900-€25,384€6,750€54,013▲ 700%
Operating profit (loss)9901-€25,384€5,594€52,525▲ 839%
Recurring financial income75-€2,418€4,809▲ 98.9%
Recurring financial charges65€4,972€3,952€540▼ 86.3%
Profit (loss) for the period before taxes9903-€30,356€4,060€56,793▲ 14×
Profit (loss) for the period9904-€30,356€4,060€56,793▲ 14×
Profit (loss) for the period to be appropriated9905-€30,356€4,060€56,793▲ 14×
Line201820192020Change
Assets
Total assets20/58€41,832€39,928€61,703▲ 54.5%
Current assets29/58€41,832€39,928€61,703▲ 54.5%
Stocks and contracts in progress3€35,344€2,274€2,094▼ 7.9%
Amounts receivable within one year40/41€5,586€37,646€59,170▲ 57.2%
Cash at bank and in hand54/58€180€7€1▼ 80.4%
Equity and liabilities
Total equity and liabilities10/49€41,832€39,928€61,703▲ 54.5%
Equity10/15-€26,816-€22,757€34,037-
Contributions10/11€6,200---
Reserves13€11,125€11,125€11,125=
Profit (loss) carried forward14-€44,141-€40,082€16,712-
Amounts payable17/49€68,648€62,684€27,666▼ 55.9%
Amounts payable after more than one year17€490---
Amounts payable within one year42/48€68,158€60,125€27,614▼ 54.1%
Trade debts44€67,840€53,636€16,562▼ 69.1%
Line201820192020Change
Profit (loss) for the period9904-€30,356€4,060€56,793▲ 14×
Operating cash flow (approximation)-€30,356€4,060€56,793▲ 14×
Change in cash--€173-€6▲ 96.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2020 micro format 04-02-2022 2022-05100337
31-12-2019 micro format 01-05-2021 2021-13100150
31-12-2018 micro format 03-07-2019 2019-27100553
31-12-2017 micro format 06-07-2018 2018-29100194
31-12-2016 micro format 31-07-2017 2017-40700271
31-12-2015 abbreviated format 31-08-2016 2016-53900011
31-12-2014 abbreviated format 31-07-2015 2015-37800557
31-12-2013 abbreviated format 29-08-2014 2014-48600217
31-12-2012 abbreviated format 30-08-2013 2013-50700224
31-12-2011 abbreviated format 29-10-2012 2012-62600278

Show all 14 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.