Believe Logo

Believe

ISIN

FR0014003FE9

Ticker

BLV

Sector

Communication Services

Sub-Industry

Publishing

Country

France

Year Founded

2005

About Believe

Company Description

Believe is one of the world’s leading digital music companies, helping artists and labels build their audiences and careers, at all stages of their development, in all local markets around the world, with respect, expertise, fairness and transparency.

As a pioneer in the digital world, Believe has developed in-house technology & data organization to provide global distribution and digital marketing solutions.

With 1,401 employees in more than 50 countries, Believe owns several brands, labels and companies, including TuneCore, Nuclear Blast, Naïve, Groove Attack, and AllPoints.

Believe is listed on compartment A of the regulated market of Euronext Paris.

Served Area

Worldwide

Headquarters

24 Rue Toulouse Lautrec
75017, Paris
France

Financial statements

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Line item in (eur) 02.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 659,968,000.00 912,839,000.00 1,004,842,000.00
Noncurrent Assets N/A 297,807,000.00 383,456,000.00 407,417,000.00
Property Plant And Equipment N/A 34,706,000.00 31,212,000.00 27,087,000.00
Goodwill N/A 80,449,000.00 98,875,000.00 107,705,000.00
Intangible Assets Other Than Goodwill N/A 110,965,000.00 118,118,000.00 121,979,000.00
Investment Accounted For Using Equity Method N/A 12,812,000.00 49,353,000.00 50,657,000.00
Deferred Tax Assets N/A 4,353,000.00 4,064,000.00 5,664,000.00
Current Assets N/A 362,161,000.00 529,383,000.00 597,425,000.00
Current Trade Receivables N/A 110,366,000.00 136,627,000.00 158,456,000.00
Current Tax Assets Current N/A 4,808,000.00 7,264,000.00 6,257,000.00
Cash and cash equivalents N/A 152,333,000.00 262,705,000.00 303,345,000.00
Other Current Assets N/A 30,173,000.00 29,408,000.00 32,087,000.00
Equity And Liabilities N/A 659,968,000.00 912,839,000.00 1,004,842,000.00
Equity 176,340,000.00 151,530,000.00 405,103,000.00 384,862,000.00
Issued Capital N/A 402,000.00 480,000.00 484,000.00
Share Premium N/A 169,799,000.00 464,975,000.00 468,715,000.00
Treasury Shares N/A 0.00 1,274,000.00 1,358,000.00
Equity Attributable To Owners Of Parent N/A 144,921,000.00 402,163,000.00 375,911,000.00
Noncontrolling Interests N/A 6,609,000.00 2,941,000.00 8,951,000.00
Noncurrent Liabilities N/A 131,172,000.00 59,071,000.00 63,171,000.00
Noncurrent Provisions N/A 791,000.00 718,000.00 492,000.00
Deferred Tax Liabilities N/A 14,830,000.00 16,502,000.00 22,570,000.00
Other Noncurrent Liabilities N/A 0.00 16,099,000.00 20,446,000.00
Longterm Borrowings N/A 115,551,000.00 25,752,000.00 19,663,000.00
Current Liabilities N/A 377,266,000.00 448,664,000.00 556,809,000.00
Current Provisions N/A 864,000.00 1,147,000.00 748,000.00
Current Tax Liabilities Current N/A 2,016,000.00 1,425,000.00 1,970,000.00
Other Current Liabilities N/A 28,669,000.00 27,354,000.00 31,943,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 12,751,000.00 7,541,000.00 12,811,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2021/
01.01.2023
01.01.2022/
01.01.2023
Revenue From Contracts With Customers 441,422,000.00 577,151,000.00 N/A 760,805,000.00
Profit Loss From Operating Activities -21,681,000.00 -19,620,000.00 N/A -22,265,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -593,000.00 1,361,000.00 N/A 1,233,000.00
Profit Loss Before Tax -19,371,000.00 -26,139,000.00 N/A -13,881,000.00
Income Tax Expense Continuing Operations 6,915,000.00 2,497,000.00 N/A 11,089,000.00
Profit (loss) -26,286,000.00 -28,636,000.00 -24,970,000.00 -24,970,000.00
Profit Loss Attributable To Owners Of Parent -26,845,000.00 -30,045,000.00 N/A -29,762,000.00
Profit Loss Attributable To Noncontrolling Interests 559,000.00 1,409,000.00 N/A 4,792,000.00
Line item in (eur) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) -26,286,000.00 -28,636,000.00 -24,970,000.00
Adjustments For Income Tax Expense 6,915,000.00 2,497,000.00 11,089,000.00
Adjustments For Depreciation And Amortisation Expense 24,683,000.00 33,700,000.00 44,857,000.00
Adjustments For Provisions 877,000.00 360,000.00 -622,000.00
Adjustments For Sharebased Payments 1,152,000.00 2,515,000.00 6,464,000.00
Other Adjustments For Noncash Items -125,000.00 232,000.00 -7,210,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets 141,000.00 0.00 20,000.00
Income Taxes Paid Refund Classified As Operating Activities 13,579,000.00 3,761,000.00 7,818,000.00
Cash Flows From Used In Operating Activities -4,068,000.00 -7,670,000.00 73,655,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 19,361,000.00 49,934,000.00 8,717,000.00
Cash Flows From Used In Investing Activities -54,334,000.00 -74,271,000.00 -38,288,000.00
Proceeds From Issuing Shares 1,508,000.00 295,254,000.00 3,744,000.00
Proceeds From Borrowings Classified As Financing Activities 64,400,000.00 0.00 0.00
Repayments Of Borrowings Classified As Financing Activities 7,795,000.00 94,772,000.00 1,519,000.00
Payments Of Lease Liabilities Classified As Financing Activities 3,558,000.00 5,338,000.00 6,836,000.00
Interest Paid Classified As Financing Activities 956,000.00 2,348,000.00 -2,006,000.00
Cash Flows From Used In Financing Activities 53,599,000.00 190,796,000.00 -2,605,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -4,803,000.00 108,855,000.00 32,762,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -4,403,000.00 1,508,000.00 7,889,000.00
Cash and cash equivalents 152,333,000.00 262,705,000.00 303,345,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2021 - Q4 French 🇫🇷

Capital Markets Information

ISIN

FR0014003FE9

LEI

969500WGEAZ8YE4UAI86

Industry

Media

Sub-Industry

Publishing

Listed Stock Exchange

Euronext Paris

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