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MEG

Active
Public limited companyfounded 1992active for 33 yearsRozenbosstraat 88, 3850 Nieuwerkerken (Limb.), BelgiumKBO/BCE: BE 0448.992.610
Summary

MEG has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,684 and a net result of €10,350. Equity has been growing by about 3.7% per year since 2018. Its solvency ranks better than 31% of 2,799 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

Source: KBO
Status
Active since 22-12-1992 Normal situation
Activity
General construction of residential buildings NACE 41001and 2 others
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment unit
2.060.285.245 3850 Nieuwerkerken (Limb.), since 12-01-1993
Financial year end
31 December
Peppol
Reachable since 30-01-2025

Board and ownership

Board
  • BBS BeheerChair · permanent representative Bogaerts Stijn
  • Bogaerts StijnManaging director
Shareholders
  • BBS Beheer· score 922025 annual accounts of BBS Beheer

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Annual accounts 2025
Gross margin
€836,010
▼ 19.2%
Turnover
≈ €1.8m
estimated
Profit
€10,350
▲ 444%
Equity
€499,684
▲ 2.1%
Total assets
€2.3m
▲ 7.6%
Employees on 31-12-2025
14
=
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €499,684 (22.1% of total assets)Liquidity: current ratio 1.02, cash €6,462, halvedSize: 14 FTE, total assets €2.3mShow the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 40% of small companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Average
Solvency 47-1
equity 22.1% of total assets
Liquidity 17-9
short-term debt 62.9% · cash 0.3%
Profitability 69+5
return on assets 0.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)
Last 24 months 12-2024: 0.7%lowest value 01-2025: 0.7%● unchanged vs 12-2024lowest value 02-2025: 0.7%● unchanged vs 01-2025lowest value 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.3 percentage points vs 06-2026highest value 08-2026: 1.1%● unchanged vs 07-2026highest value 09-2026: 1.1%● unchanged vs 08-2026highest value 10-2026: 1.1%● unchanged vs 09-2026highest value 11-2026: 1.1%● unchanged vs 10-2026highest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.01 in 2024), below the usual 1.5. Short-term debt is 62.9% and cash 0.3% of total assets. 77.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 37% of them on solvency, 17% on liquidity, 60% on profitability and 47% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Equity €499,684 (22.1% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.02, cash €6,462, halved
NBB · annual accounts
raises risk · Size: 14 FTE, total assets €2.3m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 days early
2024
64 days early
2023
62 days early
2022
62 days early
2021
45 days early
2020
64 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 55 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd largest company by total assets in Nieuwerkerken, Construction sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €10,350 7 years View

Recent changes

  1. · Gazette deed 2 directors appointed, 2 directors reappointedReappointments: Bogaerts Stijn (director) and BBS Beheer (director) · Permanent representative: Bogaerts Stijn · Appointments: BBS Beheer (chair of the board) and Bogaerts Stijn (managing director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as MEG: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2m and €2.5m, founded between 1983 and 1995.

CompanyTotal assetsGross margin
MEG Nieuwerkerken (Limb.)€2.3m€0.8m
BOUWONDERNEMING VANDEVOORT Nieuwerkerken (Limb.)€2.3m€1.0m
VANDEMEULEBROEKE Jean-Pierre Izegem€2.0m€0.7m
Van Haellewijn Antwerpen€2.5m€1.1m
HADIBOUW Herentals€2.4m€1.1m
MARGEMA Dilsen-Stokkem€2.1m€1.0m
SCHILDERMANS ROGER ALGEMENE BOUWONDERNEMING Pelt€2.0m€0.7m
Full comparison

Key facts about MEG

What is the company number of MEG?
The company number of MEG is 0448.992.610. The VAT number is the same number with BE in front: BE 0448.992.610.
Where is MEG based?
The registered office is at Rozenbosstraat 88, 3850 Nieuwerkerken (Limb.).Company details
What does MEG do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of MEG?
The legal form of MEG is Public limited company (NV).
When was MEG founded?
MEG was founded on 22-12-1992.
Is MEG still active?
Yes, MEG is an active enterprise in the KBO register.
How many employees does MEG have?
MEG had an average of 14 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MEG fall under?
In its 2024 annual accounts, MEG states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of MEG?
The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €836,010 and 30 comparable companies (NACE 41001). It probably lies between €1.4m and €2.6m.
Is MEG profitable?
In financial year 2025, MEG made a profit of €10,350.
Where can I find the annual accounts of MEG?
MEG filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MEG due?
MEG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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