MEGA CONSTRUCT
Bankruptcy closedInactive since 08-10-2026. The last annual accounts are for financial year 2020.
Summary
MEGA CONSTRUCT was declared bankrupt on 13-09-2022 (Ondernemingsrechtbank Gent, afdeling Gent). The bankruptcy was closed by liquidation by judgment of 06-10-2026, published in the Belgian Official Gazette on 12-10-2026.
Overview
Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 13-09-2022
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Asenova VioletaDirector
Shareholders
- Asenova Violeta100 sharesdeed of 11-03-2022
Financial position
No score
Annual accounts 2020
- Turnover
- €105,630
- ▼ 18.5%
- Profit
- €14,531
- ▲ 77.4%
- Equity
- €28,922
- ▲ 101%
- Total assets
- €66,036
- ▲ 58.5%
Financials
Financials · financial year 2020, micro format
2020 annual accounts filed 3 days after the deadline Filed on 3 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-45400416.
Annual accounts 2020 filed on 03-08-2021 PDF all 2 filings
Turnover
€105,630▼ 18.5%
2019 · €129,613
EBIT margin
18.6%▲ 7.7pp
2019 · 10.9%
Net result
€14,531▲ 77.4%
2019 · €8,190
Working capital
€32,172▲ 183%
2019 · €11,350
Multi-year overview
2019 to 2020, 2 financial yearsTurnover
€105,630
▼ 18.5%
2020
20192020
Operating result
€19,643
▲ 39.3%
2020
20192020
Net result
€14,531
▲ 77.4%
2020
20192020
EBIT margin
18.6%
▲ 7.7pp
2020
20192020
Equity
€28,922
▲ 101%
2020
20192020
Total assets
€66,036
▲ 58.5%
2020
20192020
Debt
€37,114
▲ 36.1%
2020
20192020
Working capital
€32,172
▲ 183%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Turnover€129,613-€105,630▼ 18.5%
Operating result€14,099-€19,643▲ 39.3%
Net result€8,190-€14,531▲ 77.4%
EBIT margin10.9%-18.6%▲ 7.7pp
Equity€14,392-€28,922▲ 101%
Total assets€41,662-€66,036▲ 58.5%
Debt€27,270-€37,114▲ 36.1%
Working capital€11,350-€32,172▲ 183%
The operating result for 2020 is 39% higher than in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €66,036
Fixed assets
€2,500 ▼ 17.8%
Current assets
€63,536 ▲ 64.5%
Equity and liabilities €66,036
Equity
€28,922 ▲ 101%
Debt
€37,114 ▲ 36.1%
Debt's share of the balance-sheet total falls from 65.5% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,686▲
2019 · €17,142
Cash flow
€17,574▲
2019 · €11,233
Current ratio
2.03▲
2019 · 1.42
Debt to equity
0.20▲
2019 · 0.00
ROE
50.2%▼
2019 · 56.9%
ROA
22.0%▲
2019 · 19.7%
Debt ≤ 1 year
€31,364▲
2019 · €27,270
Debt > 1 year
€5,750▲
2019 · €0
Income taxes
€3,205▲
2019 · €2,382
Customer credit
220 days▲
2019 · 106 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €129,613 | €105,630 | ▼ 18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,043 | €3,043 | = |
| Gross operating margin9900 | €21,051 | €23,499 | ▲ 11.6% |
| Operating profit (loss)9901 | €14,099 | €19,643 | ▲ 39.3% |
| Recurring financial income75 | €0 | €0 | - |
| Recurring financial charges65 | €3,527 | €1,767 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | €10,572 | €17,736 | ▲ 67.8% |
| Income taxes67/77 | €2,382 | €3,205 | ▲ 34.6% |
| Profit (loss) for the period9904 | €8,190 | €14,531 | ▲ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €8,190 | €14,531 | ▲ 77.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,662 | €66,036 | ▲ 58.5% |
| Formation expenses20 | €0 | €0 | - |
| Fixed assets21/28 | €3,042 | €2,500 | ▼ 17.8% |
| Intangible fixed assets21 | €0 | €0 | - |
| Tangible fixed assets22/27 | €3,042 | €0 | ▼ 100% |
| Financial fixed assets28 | €0 | €2,500 | - |
| Current assets29/58 | €38,620 | €63,536 | ▲ 64.5% |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €37,550 | €63,536 | ▲ 69.2% |
| Current investments50/53 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €1,070 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,662 | €66,036 | ▲ 58.5% |
| Equity10/15 | €14,392 | €28,922 | ▲ 101% |
| Contributions10/11 | €6,200 | - | - |
| Reserves13 | €8,192 | €22,722 | ▲ 177% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | €0 | - |
| Amounts payable17/49 | €27,270 | €37,114 | ▲ 36.1% |
| Amounts payable after more than one year17 | €0 | €5,750 | - |
| Amounts payable within one year42/48 | €27,270 | €31,364 | ▲ 15.0% |
| Trade debts44 | €1,160 | €0 | ▼ 100% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,190 | €14,531 | ▲ 77.4% |
| + Depreciation and write-downs630 | €3,043 | €3,043 | = |
| Operating cash flow (approximation) | €11,233 | €17,574 | ▲ 56.4% |
| Investment in fixed assets (approximation) | - | -€2,501 | - |
| Change in cash | - | -€1,070 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2022
Asenova Violeta
Current
Director · appointed by deed of 11-03-2022
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Benny Goossens Tolpoortstraat 145, 9800 Deinze |
13-09-2022 → 06-10-2026 |
Owners and capital
Shareholders
Stated in the deed
deed of 11-03-2022 ↗
- Asenova Violeta 100 shares
Share transfer
deed of 11-03-2022 ↗
- Stefanov Svetlin to Asenova Violeta 95 shares
- Ivanov Emil to Asenova Violeta 5 shares
Mandate history
2 people, 1 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Asenova Violeta |
|
| Stefanov Svetlin |
|
Network & group
MEGA CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MEGA CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Deeds, filings and financial milestones
2026
12-10
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Ghent division · judgment of 06-10-2026
2022
19-09
Bankruptcy
Bankruptcy declared
Enterprise Court of Ghent, Ghent division · judgment of 13-09-2022
11-03
Gazette deed
Resignation: Stefanov Svetlin (director)Transfer of 95 shares from Stefanov Svetlin to Asenova Violeta · Transfer of 5 shares from Ivanov Emil to Asenova Violeta · Appointment: Asenova Violeta (director)7 points ▸
Gazette deed
Resignation: Stefanov Svetlin (director)
Transfer of 95 shares from Stefanov Svetlin to Asenova Violeta · Transfer of 5 shares from Ivanov Emil to Asenova Violeta · Appointment: Asenova Violeta (director)7 points ▸
- General meeting, 05-01-2022
- Share transfer, Stefanov Svetlin → Asenova Violeta, 95 shares
- Share transfer, Ivanov Emil → Asenova Violeta, 5 shares
- Director resignation, Stefanov Svetlin
- Director discharge, Stefanov Svetlin
- Director appointment, Asenova Violeta
- Asenova Violeta holds 100 shares
- The deed holds 2 more points.
2021
03-08
micro format · 3 days late
2020
16-09
micro format · 47 days late
2018
11-05
3 publications in the Belgian Official Gazette, the last on 11-03-2022
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive since October 2026
MEGA CONSTRUCT has not been in the KBO register since 8 October 2026.
- Status
- Inactiveout of the register since 8 October 2026
- Reason
- Bankruptcy opened
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Doornzele Dries 44, 9940 Evergemas published on 11 March 2022
- Legal form
- Private limited company (pre-2019)
- Active since
- 8 May 2018
Sites & property
Location
Buildings and parcels at the address
Ground area
507 m²
Building footprint
142 m²
Building volume
594 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44019A0762/00G000 | Flanders | 507 m² | 1 · 142 m² | 7.6 m · 1 |