MediaNation
ActiveMediaNation has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.52M and a net result of €-811k. Equity is shrinking by ~61% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 63% of 2793 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-67
Solvency72▲+39
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.22 in 2023), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
72.4%
Return on assets
-38.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
15 d early
2022
21 d early
2021
24 d early
2020
22 d early
2019
77 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.05M
EBIT margin
-24.5%
Net result
€-811k▲ 90.2%
2023 · €-8.28M
2018: €-102k
2019: €-1.54M
2020: €-2.35M
2021: €-2.52M
2022: €-5.03M
2023: €-8.28M
2018 → 2024
Working capital
€-73k▲ 92.8%
2023 · €-1.02M
2018: €430k
2019: €1.18M
2020: €402k
2021: €1.20M
2022: €-1.39M
2023: €-1.02M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.05M
Equity€-3.99M-€-6.51M▼ 63.2%€-11.53M▼ 77.2%€-19.81M▼ 71.9%€1.52M
Operating result€-2.12M-€-2.27M▼ 7.5%€-4.59M▼ 102%€-6.81M▼ 48.3%€-257k▲ 96.2%
Net result€-2.35M-€-2.52M▼ 7.4%€-5.03M▼ 99.5%€-8.28M▼ 64.9%€-811k▲ 90.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €257k in 2024 against €6.81M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.99M
Fixed assets
€1.76M▼ 36.5%
Current assets
€232k▼ 17.5%
Equity and liabilities €2.11M
Equity
€1.52M
Debt
€582k
Debt finances 27.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€468k▲
2023 · €-5.51M
Cash flow
€-86k▲
2023 · €-6.98M
Solvency
72.4%▲
2023 · -618.8%
Current ratio
0.76▲
2023 · 0.22
Quick ratio
0.74▲
2023 · 0.20
Debt / equity
0.38▲
2023 · -1.16
ROE
-53.2%▼
2023 · 41.8%
ROA
-38.5%▲
2023 · -258.7%
Interest coverage
0.86▲
2023 · -4.60
Debt
€582k▼
2023 · €23.02M
Debt ≤ 1 year
€305k▼
2023 · €1.30M
Debt > 1 year
€237k▼
2023 · €21.67M
Income taxes
€-59▼
2023 · €335
Staff costs
€107k▼
2023 · €299k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.20M€2.11M▼
Formation expenses20€153k€117k▼
Fixed assets21/28€2.77M€1.76M▼
Intangible fixed assets21€2.73M€1.73M▼
Tangible fixed assets22/27€35k€22k▼
Plant, machinery and equipment23€62€0▼
Furniture and vehicles24€2k€270▼
Other tangible fixed assets26€33k€22k▼
Financial fixed assets28€5k€7k▲
Other financial fixed assets284/8-€7k
Amounts receivable and cash guarantees285/8-€7k
Current assets29/58€281k€232k▼
Stocks and contracts in progress3€27k€6k▼
Stocks30/36€27k€6k▼
Goods purchased for resale34-€6k
Amounts receivable within one year40/41€201k€216k▲
Trade receivables40€162k€152k▼
Other amounts receivable41€39k€64k▲
Cash at bank and in hand54/58€27k€9k▼
Deferred charges and accrued income490/1€27k€356▼
Equity and liabilities
Total equity and liabilities10/49€3.20M€2.11M▼
Equity10/15€-19.81M€1.52M▲
Contributions10/11€2.34M€10.62M▲
Capital10€2.33M€10.60M▲
Issued capital100€2.33M€10.60M▲
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-22.16M€-9.10M▲
Amounts payable17/49€23.02M€582k▼
Amounts payable after more than one year17€21.67M€237k▼
Financial debts170/4€21.67M€237k▼
Other loans174-€237k
Amounts payable within one year42/48€1.30M€305k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€1.29M€289k▼
Suppliers440/4€1.29M€289k▼
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€335€353▲
Remuneration and social security454/9€15k€16k▲
Accrued charges and deferred income492/3€40k€40k=
Income statement
Code20232024
Operating income70/76A-€1.05M
Turnover70-€1.05M
Other operating income74-€3k
Non-recurring operating income76A€0-
Operating charges60/66A-€1.31M
Goods for resale, raw materials and consumables60-€6k
Purchases600/8-€6k
Change in stocks: decrease (increase)609-€573
Services and other goods61-€104k
Remuneration, social security and pensions62€299k€107k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.30M€725k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€19k
Other operating charges640/8€266€24k▲
Non-recurring operating charges66A€3.40M€324k▼
Gross operating margin9900€-1.81M-
Operating profit (loss)9901€-6.81M€-257k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Income from financial fixed assets750-€0
Other financial income752/9-€2k
Financial charges65/66B€1.48M€556k▼
Recurring financial charges65€1.20M€556k▼
Debt charges650-€545k
Other financial charges652/9-€10k
Non-recurring financial charges66B€280k€0▼
Profit (loss) for the period before taxes9903€-8.28M€-811k▲
Income taxes67/77€335€-59▼
Taxes670/3-€276
Tax adjustments and reversals of tax provisions77-€335
Profit (loss) for the period9904€-8.28M€-811k▲
Profit (loss) for the period to be appropriated9905€-8.28M€-811k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22.16M€-22.97M▼
Profit (loss) brought forward from the previous period14P€-13.88M€-22.16M▼
Transfer from equity791/2-€13.88M
From contributions791-€13.88M
Social balance
Average headcount (FTE)90874.02.5▼
The notes to these accounts (71 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.52M
Equity rises from €-19.81M to €1.52M.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-8.28M
Net result drops to €-8.28M, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 77 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-05
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.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-07-2024
Kaizen BV: Resigned as Director
05-07-2024
Leasyprint Belgium BV: Resigned as Director
29-05-2024
KAIZEN: Resigned as Managing director
01-09-2022
Michel van Loon: Resigned as Director
20-11-2020
VerDe Company: Resigned as Director
13-06-2019
Flip DE MEY: Resigned as Director
13-06-2019
Leasyprint Belgium: Resigned as Managing director
18-10-2016
Flip DE MEY: Resigned as Director
18-10-2016
Christophe Costers: Resigned as Director
17-05-2016
José ZURSTRASSEN: Resigned as Director
17-05-2016
Xavier Verellen: Resigned as Director
04-06-2015
BOGAERT Lorenz: Resigned as Director
02-04-2015
Christophe Costers: Resigned as Director
24-03-2014
Toon Coppens: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ottergemsesteenweg-Zuid 8089000 GentGround area
3.2 ha
Building footprint
2.0 ha
Volume, LiDAR
251,951 m³
Parcel 44808H0602/00T003, Flanders · tallest building 40.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MediaNation
since 20132.230.676.732
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0602/00T003 | Flanders | 3.2 ha | 1 · 2.0 ha | 40.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared address
→
Shared address
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Shared address
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Shared address
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Show 1 more network connections
Shared address
→
Similar companies · same sector, comparable size
VAN BIERVLIET CARL
BE 0461.891.729
Ronse · Eq €1.53M
Uitgeverij Muurkranten
BE 0413.291.858
Brugge · Eq €1.60M
PROPAGANDA
BE 0453.854.981
Zaventem · Eq €1.62M
Studio E.P. Jacobs
BE 0429.227.374
Sint-Gillis (bij-Brussel) · Eq €1.40M
American Chamber of Commerce in Belgium
BE 0408.134.626
Etterbeek · Eq €1.66M
Of 715 companies in sector 58190 we hold annual accounts for 213. 87 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-10-1998
Fiscal year end31-12
Activities, NACEBEL
58190Other publishing activities, excluding software publishing
64200Holdings
64210Activities of holding companies
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
77220Rental and leasing activities
77229Renting and leasing of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:finance@medianation.be