MEGA
ActiveFrom the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MEGA has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€246,190) and a net result of -€21,888. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 5% of 4,331 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
KBO- Status
- Active since 01-10-1992 Normal situation
- Legal form
- Private limited company (pre-2019)
- Registered office
- Internationalelaan 7, 1070 Anderlecht
- Activity
- Photography, excluding press photography NACE 74201
- Establishment unit
- 2.059.462.032 1070 Anderlecht, since 06-11-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€947
- Loss
- €21,888
- ▲ 6.9%
- Equity
- -€246,190
- ▼ 10.5%
- Total assets
- €188
- ▼ 99.2%
Why 53raises riskCapped at 59: negative equityLoss of €21,888, the second in a row (financial year 2025)Negative equity -€246,190Last filed accounts filed 56 days late; 3 of the last 3 latelowers riskSize: total assets €188Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 74, micro): better than 5% on solvency, 36% on liquidity, 7% on profitability and 30% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 153 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00523633.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 25-09-2026
- Format
- micro format
- Reference
- 2026-00523633
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €23,356 in 2025 against €21,950 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,619 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,613 | €19,613 | €21,556 | €21,556 | €21,556 | €21,556 | €21,556 | €22,409 | ▲ 4.0% |
| Other operating charges640/8 | - | - | - | €175 | - | - | €394 | - | - |
| Gross operating margin9900 | €669 | -€7,764 | -€13,879 | -€1,739 | €256 | -€55 | - | -€947 | - |
| Operating profit (loss)9901 | -€24,434 | -€27,736 | -€40,559 | -€23,470 | -€21,300 | -€21,611 | -€21,950 | -€23,356 | ▼ 6.4% |
| Financial income75/76B | - | - | - | - | €1,515 | €1,515 | €1,515 | €1,515 | = |
| Recurring financial income75 | €3,787 | €3,787 | - | - | €1,515 | €1,515 | €1,515 | €1,515 | = |
| Financial charges65/66B | - | - | - | €25 | €41 | €46 | €46 | €46 | = |
| Recurring financial charges65 | €196 | - | €26 | €25 | €41 | €46 | €46 | €46 | = |
| Profit (loss) for the period before taxes9903 | -€20,843 | -€23,949 | -€40,585 | -€23,495 | -€19,827 | -€20,142 | -€20,482 | -€21,888 | ▼ 6.9% |
| Profit (loss) for the period9904 | -€20,843 | -€23,949 | -€40,585 | -€23,495 | -€19,827 | -€20,142 | -€20,482 | -€21,888 | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | -€20,843 | -€23,949 | -€40,585 | -€23,495 | -€19,827 | -€20,142 | -€20,482 | -€21,888 | ▼ 6.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €149,811 | €130,199 | €108,682 | €87,197 | €65,728 | €44,100 | €22,604 | €188 | ▼ 99.2% |
| Fixed assets21/28 | €149,801 | €130,188 | €108,632 | €87,077 | €65,521 | €43,965 | €22,409 | - | - |
| Tangible fixed assets22/27 | €149,801 | €130,188 | €108,632 | €87,077 | €65,521 | €43,965 | €22,409 | - | - |
| Land and buildings22 | - | - | - | €87,077 | €65,521 | €43,965 | €22,409 | - | - |
| Current assets29/58 | €10 | €10 | €50 | €120 | €207 | €135 | €194 | €188 | ▼ 3.5% |
| Amounts receivable within one year40/41 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Other amounts receivable41 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Cash at bank and in hand54/58 | €10 | €10 | €50 | €15 | €102 | €30 | €89 | €83 | ▼ 7.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €149,811 | €130,199 | €108,682 | €87,197 | €65,728 | €44,100 | €22,604 | €188 | ▼ 99.2% |
| Equity10/15 | -€65,976 | -€93,712 | -€134,298 | -€157,793 | -€179,135 | -€200,792 | -€222,788 | -€246,190 | ▼ 10.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Revaluation surpluses12 | - | - | - | - | - | - | - | €215 | - |
| Reserves13 | €215 | €215 | €215 | €215 | €215 | €215 | €215 | - | - |
| Non-distributable reserves130/1 | - | - | - | €215 | €215 | €215 | €215 | - | - |
| Legal reserve130 | - | - | - | €215 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €215 | €215 | €215 | - | - |
| Profit (loss) carried forward14 | -€115,085 | -€139,034 | -€179,619 | -€203,114 | -€222,941 | -€243,084 | -€263,565 | -€285,453 | ▼ 8.3% |
| Investment grants15 | - | - | - | €26,506 | €24,991 | €23,477 | €21,962 | €20,447 | ▼ 6.9% |
| Amounts payable17/49 | €215,788 | €223,911 | €242,980 | €244,990 | €244,863 | €244,892 | €245,392 | €246,378 | ▲ 0.4% |
| Amounts payable after more than one year17 | €178,036 | €178,036 | €178,036 | €178,036 | €178,036 | €178,036 | €178,036 | €178,036 | = |
| Financial debts170/4 | - | - | - | €178,036 | €178,036 | €178,036 | €178,036 | €178,036 | = |
| Amounts payable within one year42/48 | €37,752 | €45,875 | €64,944 | €66,954 | €66,827 | €66,856 | €67,356 | €68,342 | ▲ 1.5% |
| Trade debts44 | - | €8,123 | €13,611 | €9,333 | €3,899 | - | €440 | - | - |
| Suppliers440/4 | - | - | - | €9,333 | €3,899 | - | €440 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €440 | €440 | €440 | - | €440 | - |
| Taxes450/3 | - | - | - | €440 | €440 | €440 | - | €440 | - |
| Other amounts payable47/48 | - | - | - | €57,181 | €62,487 | €66,416 | €66,916 | €67,902 | ▲ 1.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,843 | -€23,949 | -€40,585 | -€23,495 | -€19,827 | -€20,142 | -€20,482 | -€21,888 | ▼ 6.9% |
| + Depreciation and write-downs630 | €19,613 | €19,613 | €21,556 | €21,556 | €21,556 | €21,556 | €21,556 | €22,409 | ▲ 4.0% |
| Operating cash flow (approximation) | -€1,230 | -€4,336 | -€19,029 | -€1,939 | €1,729 | €1,413 | €1,074 | €522 | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1 | €1 | €0 | €0 | - | - |
| Change in cash | - | -€0 | €40 | -€35 | €87 | -€72 | €59 | -€7 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-09-2026 | 2026-00523633 | NBB |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00501662 | |
| 31-12-2023 | micro format | 04-12-2024 | 2024-00613170 | |
| 31-12-2022 | micro format | 04-12-2024 | 2024-00613266 | |
| 31-12-2021 | micro format | 12-08-2022 | 2022-20290523 | |
| 31-12-2020 | micro format | 27-09-2021 | 2021-70400038 | |
| 31-12-2019 | micro format | 27-04-2021 | 2021-12600337 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600562 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57300516 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-51900400 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Fahd Haidar Qadir |
|
| Akgundogdu Deniz |
|
Owners and capital
Capital and shareholders
- Fahd Haidar Qadir 750 shares
- Akgundogdu Deniz
- Akgundogdu Deniz to Fahd Haidar Qadir 750 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-12
Gazette deed
Resignation: Akgundogdu Deniz (director)Appointment: Fahd Haidar Qadir (director) · Share transfer · Shareholding6 facts ▸
- Share transfer, Akgundogdu Deniz → Fahd Haidar Qadir
- Shareholding, “Aandelen”, 750 (deed in Dutch)
- Shareholding, “aandelen”, 0 (deed in Dutch)
- Director resignation, Akgundogdu Deniz (director)
- Director appointment, Fahd Haidar Qadir (director)
- General meeting, “unaniem, buitengewone algemene vergadering” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21306D0238/00Z002 | Brussels | 2,936 m² | 1 · 1,330 m² | 9.3 m · 3 |
| 21308H0071/00R002 | Brussels | 531 m² | 1 · 122 m² | 10.3 m · 2 |