MEG
ActiveMEG has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €500k and a net result of €10k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+8
Solvency31▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.01 in 2024), and 77.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.1%
Return on assets
0.5%
Age of the figures
8 mo
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 filingsDeviation from the deadline
2025
64 d early
2024
64 d early
2023
62 d early
2022
62 d early
2021
45 d early
2020
64 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€500k▲ 2.1%
2024 · €489k
2018: €399k
2019: €402k
2020: €406k
2021: €432k
2022: €506k
2023: €491k
2024: €489k
2018 → 2025
Total assets
€2.26M▲ 7.6%
2024 · €2.10M
2018: €1.71M
2019: €1.71M
2020: €1.07M
2021: €1.47M
2022: €2.09M
2023: €2.05M
2024: €2.10M
2018 → 2025
Net result
€10k▲ 444%
2024 · €2k
2018: €-9k
2019: €3k
2020: €4k
2021: €26k
2022: €74k
2023: €3k
2024: €2k
2018 → 2025
Working capital
€33k▲ 275%
2024 · €9k
2018: €393k
2019: €391k
2020: €381k
2021: €362k
2022: €95k
2023: €18k
2024: €9k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€432k-€506k▲ 17.1%€491k▼ 3.0%€489k▼ 0.3%€500k▲ 2.1%
Operating result€15k-€90k▲ 520%€56k▼ 38.2%€40k▼ 27.8%€52k▲ 30.3%
Net result€26k-€74k▲ 187%€3k▼ 95.9%€2k▼ 36.5%€10k▲ 444%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.26M
Fixed assets
€805k▼ 8.3%
Current assets
€1.45M▲ 19.0%
Equity and liabilities €2.26M
Equity
€500k▲ 2.1%
Debt
€1.76M▲ 9.3%
The debt ratio rises from 76.7% to 77.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€235k▲
2024 · €213k
Cash flow
€193k▲
2024 · €175k
Solvency
22.1%▼
2024 · 23.3%
Current ratio
1.02▲
2024 · 1.01
Quick ratio
0.64▲
2024 · 0.53
Debt / equity
3.52▲
2024 · 3.28
ROE
2.1%▲
2024 · 0.4%
ROA
0.5%▲
2024 · 0.1%
Interest coverage
7.05▲
2024 · 5.47
Debt
€1.76M▲
2024 · €1.61M
Debt ≤ 1 year
€1.42M▲
2024 · €1.21M
Debt > 1 year
€338k▼
2024 · €397k
Income taxes
€5k▲
2024 · €206
Staff costs
€591k▼
2024 · €809k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.10M€2.26M▲
Fixed assets21/28€877k€805k▼
Tangible fixed assets22/27€877k€804k▼
Land and buildings22€51k€47k▼
Plant, machinery and equipment23€160k€97k▼
Furniture and vehicles24€210k€262k▲
Leasing and similar rights25€455k€398k▼
Financial fixed assets28€405€405=
Current assets29/58€1.22M€1.45M▲
Amounts receivable after more than one year29€191k€163k▼
Other amounts receivable291€191k€163k▼
Stocks and contracts in progress3€578k€541k▼
Stocks30/36€114k€116k▲
Contracts in progress37€465k€425k▼
Amounts receivable within one year40/41€338k€729k▲
Trade receivables40€235k€417k▲
Other amounts receivable41€103k€312k▲
Cash at bank and in hand54/58€92k€6k▼
Deferred charges and accrued income490/1€21k€13k▼
Equity and liabilities
Total equity and liabilities10/49€2.10M€2.26M▲
Equity10/15€489k€500k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€339k€350k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€324k€335k▲
Amounts payable17/49€1.61M€1.76M▲
Amounts payable after more than one year17€397k€338k▼
Financial debts170/4€397k€338k▼
Amounts payable within one year42/48€1.21M€1.42M▲
Current portion of amounts payable after more than one year42€162k€165k▲
Financial debts43€176k€195k▲
Credit institutions430/8€176k€195k▲
Trade debts44€427k€485k▲
Suppliers440/4€427k€485k▲
Taxes, remuneration and social security45€70k€135k▲
Taxes450/3€4k€39k▲
Remuneration and social security454/9€66k€95k▲
Other amounts payable47/48€376k€439k▲
Income statement
Code20242025
Non-recurring operating income76A-€413
Remuneration, social security and pensions62€809k€591k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173k€183k▲
Other operating charges640/8€12k€10k▼
Gross operating margin9900€1.03M€836k▼
Operating profit (loss)9901€40k€52k▲
Financial income75/76B€833€2k▲
Recurring financial income75€833€2k▲
Financial charges65/66B€39k€39k▼
Recurring financial charges65€39k€33k▼
Non-recurring financial charges66B-€5k
Profit (loss) for the period before taxes9903€2k€16k▲
Income taxes67/77€206€5k▲
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€10k▲
Profit (loss) brought forward from the previous period14P€3k-
Transfer from equity791/2€3k-
Transfer to equity691/2€5k€10k▲
To other reserves6921€5k€10k▲
Profit to be distributed694/7€3k-
Return on contributions (dividend)694€3k-
Social balance
Average headcount (FTE)908714.814.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €74k ▲187%
Operating result €90k, net result €74k, both a record.
31-12
Financial
Equity above €500kEq €506k ▲17.1%
4 profitable years in a row build equity to €506k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nieuwerkerken (Limb.) · 1 establishment unit since 1993
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.
Rozenbosstraat 883850 Nieuwerkerken (Limb.)Ground area
5,308 m²
Building footprint
123 m²
Volume, LiDAR
369 m³
Parcel 71045A0301/00V002, Flanders · tallest building 3.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MEG
since 19932.060.285.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045A0301/00V002 | Flanders | 5,308 m² | 1 · 123 m² | 3.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 23,909 EUR awarded · 23,682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 306 EUR | 79 EUR |
| 2024 | 2 | 3,407 EUR | 3,407 EUR |
| 2023 | 2 | 12,210 EUR | 12,210 EUR |
| 2022 | 1 | 7,986 EUR | 7,986 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
31 categoriesMEG NV25651
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Asse · Eq €499k
Of 29,551 companies in sector 41001 we hold annual accounts for 15,874. 9,148 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1992
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
42110Construction of roads and motorways
45212
45230
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.