ACTIVE

MUCH COMMUNICATION

Export PDF

Financial year 2025 · closed on 31/03/2025

Net result

-7,9 k €

+47.4% YoY

Gross margin

81,2 k €

+57.7% YoY

Equity

65,1 k €

-10.9% YoY

What does MUCH COMMUNICATION do?

MUCH COMMUNICATION is a Cooperative company with limited liability incorporated in 2008. Its main activity is: Advertising agencies. Its registered office is in Overijse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.859.813

Incorporation

06/05/2008

Legal form

Cooperative company with limited liability

Registered office

Marnixlaan 27
3090 Overijse · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74209Photographic activities 74209Photographic activities

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	81,2 k €	+57.7%	51,5 k €	-37.3%	82,2 k €	-6.8%	88,2 k €	-18.2%	107,8 k €	+17.8%	91,5 k €	+31.2%	69,7 k €	-23.7%	91,4 k €	-0.1%	91,5 k €	+20.7%	75,8 k €	+55.6%	48,7 k €	+119%	22,2 k €	-46.6%	41,6 k €	+56.8%	26,5 k €	+1509%	1,6 k €	-94.6%	30,4 k €	+150%	12,2 k €
EBITDA	21,7 k €	+71.9%	12,6 k €	-55.1%	28,2 k €	-17.4%	34,1 k €	-13.1%	39,3 k €	+30.5%	30,1 k €	+73.7%	17,3 k €	-69.3%	56,4 k €	+10.4%	51,1 k €	+5.9%	48,2 k €	+58.2%	30,5 k €	+46.2%	20,9 k €	-45.9%	38,6 k €	+54.4%	25 k €	+3516%	691 €	-97.7%	29,7 k €	+182%	10,6 k €
Operating result	6,2 k €	+505%	-1,5 k €	-111%	13,7 k €	-15.9%	16,3 k €	-14.2%	19 k €	+25.9%	15,1 k €	+547%	2,3 k €	-94.7%	43,9 k €	+32.8%	33,1 k €	+7.6%	30,7 k €	+187%	10,7 k €	+92.3%	5,6 k €	-67.0%	16,9 k €	+80.0%	9,4 k €	+166%	-14,2 k €	-151%	27,9 k €	+174%	10,2 k €
Net result	-7,9 k €	+47.4%	-15,1 k €	-1019%	-1,3 k €	-127%	5,1 k €	-49.8%	10,1 k €	-5.9%	10,7 k €	+159%	-18,3 k €	-156%	32,4 k €	+127%	14,3 k €	-28.4%	19,9 k €	+925%	1,9 k €	+153%	-3,7 k €	-147%	7,7 k €	+453%	1,4 k €	+107%	-21,2 k €	-217%	18,2 k €	+195%	6,2 k €
Balance sheet
Equity	65,1 k €	-10.9%	73,1 k €	-17.1%	88,2 k €	-1.5%	89,5 k €	+6.0%	84,4 k €	+13.6%	74,3 k €	+16.9%	63,6 k €	-22.3%	81,8 k €	+65.4%	49,5 k €	+40.6%	35,2 k €	+131%	15,3 k €	+14.6%	13,3 k €	-21.6%	17 k €	+83.7%	9,2 k €	+17.8%	7,8 k €	-73.0%	29 k €	+135%	12,4 k €
Total assets	242,2 k €	-6.0%	257,7 k €	+20.3%	214,1 k €	-58.2%	512,4 k €	+2.7%	498,8 k €	-12.6%	570,7 k €	+6.6%	535,1 k €	+8.2%	494,6 k €	+19.5%	414,1 k €	+48.0%	279,7 k €	+8.0%	259 k €	+10.2%	235 k €	-0.5%	236,2 k €	+16.2%	203,2 k €	+16.9%	173,8 k €	+106%	84,3 k €	-45.7%	155,4 k €
Cash	–		–		–		13,1 k €	+377%	2,7 k €	+1.8%	2,7 k €	-65.9%	7,9 k €	-57.8%	18,8 k €	-5.4%	19,8 k €	-41.8%	34,1 k €	+260%	9,5 k €	-40.3%	15,9 k €	-11.9%	18 k €	+11.7%	16,2 k €	-18.6%	19,9 k €	-15.7%	23,6 k €	+1309%	1,7 k €
Debts	177,1 k €	-4.1%	184,6 k €	+46.5%	126 k €	-70.2%	422,9 k €	+2.1%	414,4 k €	-16.5%	496,4 k €	+5.3%	471,6 k €	+14.2%	412,8 k €	+13.2%	364,6 k €	+49.1%	244,5 k €	+0.3%	243,8 k €	+10.0%	221,6 k €	+1.1%	219,2 k €	+14.1%	192,1 k €	+15.8%	166 k €	+200%	55,3 k €	-61.4%	143 k €
Other
Workforce	–		–		–		–		67 502,3 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Ludovic Leruste

Mandate

Active

Ended mandates

Leruste

Mandate

Ended

Ludovic LERUSTE

Director

Ended

Régis DE WEER

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	30/10/2024	31/10/2023	31/10/2022	29/11/2021	25/11/2020
General meeting	17/09/2025	23/09/2024	18/09/2023	19/09/2022	17/09/2021	17/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	17/09/2025	30/10/2025	French	PDF
Micro model	31/03/2024	23/09/2024	30/10/2024	French	PDF
Micro model	31/03/2023	18/09/2023	31/10/2023	French	PDF
Micro model	31/03/2022	19/09/2022	31/10/2022	Dutch	PDF
Abridged model	31/03/2021	17/09/2021	29/11/2021	Dutch	PDF
Abridged model	31/03/2020	17/09/2020	25/11/2020	Dutch	PDF
Abridged model	31/03/2019	19/09/2019	30/10/2019	Dutch	PDF
Abridged model	31/03/2018	15/09/2018	30/10/2018	Dutch	PDF
Abridged model	31/03/2017	15/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	15/09/2016	25/10/2016	Dutch	PDF
Abridged model	31/03/2015	15/09/2015	28/10/2015	Dutch	PDF
Abridged model	31/03/2014	15/09/2014	28/10/2014	Dutch	PDF
Abridged model	31/03/2013	15/09/2013	29/01/2014	Dutch	PDF
Abridged model	31/03/2012	14/10/2012	26/11/2012	Dutch	PDF
Abridged model	31/03/2011	14/09/2011	30/11/2011	Dutch	PDF
Abridged model	31/03/2010	14/09/2010	15/11/2010	French	PDF
Abridged model	31/03/2009	14/09/2009	28/10/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Ludovic Leruste

Mandate

Active

Ended mandates

Leruste

Mandate

Ended

Ludovic LERUSTE

Director

Ended

Régis DE WEER

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/01/2011
DEMISSIONS, NOMINATIONS
PDF
Registered office25/10/2010
SIEGE SOCIAL
PDF
Mandates03/08/2010
DEMISSIONS, NOMINATIONS
PDF
Registered office14/05/2009
SIEGE SOCIAL
PDF
Other28/05/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-7,9 k €↑
2024
Annual accounts 2024-15,1 k €↓
2023
Annual accounts 2023-1,3 k €↓
2022
Annual accounts 20225,1 k €↓
2021
Annual accounts 202110,1 k €↓
2020
Annual accounts 202010,7 k €↑
2019
Annual accounts 2019-18,3 k €↓
2018
Annual accounts 201832,4 k €↑
2017
Annual accounts 201714,3 k €↓
2016
Annual accounts 201619,9 k €↑
2015
Annual accounts 20151,9 k €↑
2014
Annual accounts 2014-3,7 k €↓
2013
Annual accounts 20137,7 k €↑
2012
Annual accounts 20121,4 k €↑
2011
Annual accounts 2011-21,2 k €↓
2010
Annual accounts 201018,2 k €↑
2009
Annual accounts 20096,2 k €
06/05/2008
IncorporationCooperative company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MUCH COMMUNICATION

Overview

What does MUCH COMMUNICATION do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline