PRODUCTVISUALS
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 02-09-2024 was due by 02-04-2025 and was filed on 06-12-2024, 117 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
117 d early
2023
15 d early
2022
11 d late
2021
42 d early
2020
45 d early
2019
1 d early
2018
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€201,579▲ 8.7%
2022 · €185,508
Total assets
€233,787▼ 3.4%
2022 · €241,960
Net result
€16,071
2022 · -€12,332
Working capital
€188,403▲ 27.2%
2022 · €148,086
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
Line20192020202120222023
Operating result€3,052▼ 82.8%€52,992▲ 1,636%€30,104▼ 43.2%-€19,230€22,390
Net result€124▼ 99.1%€48,327▲ 38,974%€38,257▼ 20.8%-€12,332€16,071
Equity€226,618▲ 0.1%€256,459▲ 13.2%€197,840▼ 22.9%€185,508▼ 6.2%€201,579▲ 8.7%
Total assets€314,830▼ 8.4%€337,384▲ 7.2%€350,259▲ 3.8%€241,960▼ 30.9%€233,787▼ 3.4%
Debt€88,212▼ 24.8%€80,925▼ 8.3%€152,419▲ 88.3%€56,453▼ 63.0%€32,208▼ 42.9%
Working capital€154,133▲ 1.8%€168,012▲ 9.0%€114,760▼ 31.7%€148,086▲ 29.0%€188,403▲ 27.2%
Staff (FTE)2▲ 5.3%2=2=2=2=
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 returns to profit in 2023: €22,390 after a loss of €19,230 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €233,787
Fixed assets
€13,176 ▼ 64.8%
Current assets
€220,612 ▲ 7.9%
Equity and liabilities €233,787
Equity
€201,579 ▲ 8.7%
Debt
€32,208 ▼ 42.9%
Debt's share of the balance-sheet total falls from 23.3% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46,637▲
2022 · €12,688
Cash flow
€40,317▲
2022 · €19,587
Current ratio
6.85▲
2022 · 3.62
Debt to equity
0.16▼
2022 · 0.30
ROE
8.0%▲
2022 · -6.6%
ROA
6.9%▲
2022 · -5.1%
Interest coverage
94.73▲
2022 · 39.06
Debt ≤ 1 year
€32,208▼
2022 · €56,453
Income taxes
€6,586▲
2022 · -€5,498
Staff costs
€19,470▼
2022 · €107,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,650 | - | - |
| Remuneration, social security and pensions62 | - | - | €87,645 | €107,714 | €19,470 | ▼ 81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,342 | €30,779 | €32,068 | €31,919 | €24,246 | ▼ 24.0% |
| Other operating charges640/8 | - | - | €402 | €207 | €1,764 | ▲ 752% |
| Non-recurring operating charges66A | - | - | - | €14,956 | - | - |
| Gross operating margin9900 | €159,554 | €164,491 | €150,220 | €135,566 | €67,871 | ▼ 49.9% |
| Operating profit (loss)9901 | €3,052 | €52,992 | €30,104 | -€19,230 | €22,390 | ▲ 216% |
| Financial income75/76B | - | - | €1,161 | €1,725 | €759 | ▼ 56.0% |
| Recurring financial income75 | €0 | - | €1,161 | €1,725 | €759 | ▼ 56.0% |
| Non-recurring financial income76B | - | - | - | €1,725 | - | - |
| Financial charges65/66B | - | - | €240 | €325 | €492 | ▲ 51.6% |
| Recurring financial charges65 | €762 | €1,219 | €240 | €325 | €492 | ▲ 51.6% |
| Profit (loss) for the period before taxes9903 | €2,289 | €51,773 | €31,025 | -€17,830 | €22,657 | ▲ 227% |
| Transfer from deferred taxes780 | - | - | €10,876 | - | - | - |
| Income taxes67/77 | €2,166 | €21,932 | €3,644 | -€5,498 | €6,586 | ▲ 220% |
| Profit (loss) for the period9904 | €124 | €48,327 | €38,257 | -€12,332 | €16,071 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €124 | €48,327 | €38,257 | -€12,332 | €16,071 | ▲ 230% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €314,830 | €337,384 | €350,259 | €241,960 | €233,787 | ▼ 3.4% |
| Fixed assets21/28 | €89,177 | €88,447 | €83,080 | €37,422 | €13,176 | ▼ 64.8% |
| Intangible fixed assets21 | €355 | €4,058 | €2,776 | €1,047 | €50 | ▼ 95.3% |
| Tangible fixed assets22/27 | €88,822 | €84,389 | €80,303 | €36,375 | €13,126 | ▼ 63.9% |
| Plant, machinery and equipment23 | - | - | €49,106 | €18,313 | €5,063 | ▼ 72.4% |
| Furniture and vehicles24 | - | - | €31,198 | €18,062 | €8,063 | ▼ 55.4% |
| Current assets29/58 | €225,653 | €248,937 | €267,179 | €204,538 | €220,612 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €199,631 | €182,979 | €229,645 | €165,827 | €150,147 | ▼ 9.5% |
| Trade receivables40 | - | - | €114,682 | €94,071 | - | - |
| Other amounts receivable41 | - | - | €114,963 | €71,756 | €150,147 | ▲ 109% |
| Cash at bank and in hand54/58 | €21,029 | €64,471 | €34,297 | €38,711 | €70,464 | ▲ 82.0% |
| Deferred charges and accrued income490/1 | - | - | €3,238 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €314,830 | €337,384 | €350,259 | €241,960 | €233,787 | ▼ 3.4% |
| Equity10/15 | €226,618 | €256,459 | €197,840 | €185,508 | €201,579 | ▲ 8.7% |
| Contributions10/11 | €18,550 | - | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €208,068 | €189,582 | €179,290 | €166,958 | €183,029 | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €177,435 | €165,103 | €181,174 | ▲ 9.7% |
| Profit (loss) carried forward14 | - | €48,327 | €0 | - | - | - |
| Amounts payable17/49 | €88,212 | €80,925 | €152,419 | €56,453 | €32,208 | ▼ 42.9% |
| Amounts payable after more than one year17 | €15,314 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €71,520 | €80,925 | €152,419 | €56,453 | €32,208 | ▼ 42.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Financial debts43 | - | - | €969 | - | - | - |
| Credit institutions430/8 | - | - | €969 | - | - | - |
| Trade debts44 | €14,445 | €17,131 | €14,980 | €14,942 | €27 | ▼ 99.8% |
| Suppliers440/4 | - | - | €14,980 | €14,942 | €27 | ▼ 99.8% |
| Taxes, remuneration and social security45 | - | - | €26,337 | €38,979 | €32,181 | ▼ 17.4% |
| Taxes450/3 | - | - | €10,802 | €19,274 | €32,181 | ▲ 67.0% |
| Remuneration and social security454/9 | - | - | €15,535 | €19,705 | - | - |
| Other amounts payable47/48 | - | - | €110,134 | €2,531 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124 | €48,327 | €38,257 | -€12,332 | €16,071 | ▲ 230% |
| + Depreciation and write-downs630 | €28,342 | €30,779 | €32,068 | €31,919 | €24,246 | ▼ 24.0% |
| Operating cash flow (approximation) | €28,466 | €79,107 | €70,325 | €19,587 | €40,317 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€30,049 | -€26,701 | €13,739 | €0 | ▼ 100% |
| Change in cash | - | €43,442 | -€30,174 | €4,414 | €31,753 | ▲ 619% |
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
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €16,071
Net result €16,071 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €201,579 ▲8.7%
Equity rises from €185,508 to €201,579.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet -€12,332
Net result drops to -€12,332, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.62
Current ratio from 1.75 to 3.62; short-term debt falls from €152,419 to €56,453.
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €48,327 ▲38,974%
Operating result €52,992, net result €48,327, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
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 6 acts read
About the unread acts
We know of 6 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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Structure & network
Owners and holdings
2 ownersChain of control
- Antwerp Management Group
- BLUE MOON
- PRODUCTVISUALS
Highest known parent: Antwerp Management Group. The sources do not say who stands above it.
Owners 2
- BLUE MOONparentSourceaccounts BLUE MOON 2023100%
- QOLparentSourceaccounts QOL 202299.87%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,643 EUR awarded · 4,643 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,621 EUR | 3,621 EUR |
| 2022 | 1 | 1,022 EUR | 1,022 EUR |
Schemes