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MEGA LOG

Open bankruptcy
Private limited company (pre-2019)founded 2014KBO/BCE: BE 0566.973.710

A bankruptcy procedure is open for MEGA LOG according to publications in the Belgian State Gazette; curator: FRANCOIS LE GENTIL DE ROSMORDUC.

Summary

The 2017 annual accounts show equity of €37,246 and a net result of €13,751.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
24 February 2020
Supervising judge
Marc Van Thournout
Official Gazette
28-02-2020 (pdf) ↗search the document for 2020/109402

Deadlines

Appeal or third-party opposition until
passed on 14 March 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 25 March 2020art. XX.104 and XX.155 CEL
First verification report
passed on 8 April 2020Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 24 February 2021Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 October 2014, MEGA LOG was incorporated.1 Revenue went from EUR 593,775 in 2015 to EUR 1.1 million in 2017.2 The company was declared bankrupt on 24 February 2020.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2015 and 2017
  3. 3Belgian State Gazette, 28-02-2020

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2017, micro schema

Turnover
€1.1m▼ 4.1%
2016 · €1.2m
EBIT margin
1.3%▲ 0.9pp
2016 · 0.4%
Net result
€13,751▲ 286%
2016 · €3,559
Working capital
-€36,037▲ 39.1%
2016 · -€59,188
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201520162017
Turnover€593,775-€1.2m▲ 102%€1.1m▼ 4.1%
Operating result€1,703-€5,168▲ 204%€15,211▲ 194%
Net result€1,336-€3,559▲ 166%€13,751▲ 286%
EBIT margin0.3%-0.4%▲ 0.1pp1.3%▲ 0.9pp
Equity€13,736-€23,495▲ 71.0%€37,246▲ 58.5%
Total assets€272,480-€756,860▲ 178%€772,026▲ 2.0%
Debt€258,744-€733,365▲ 183%€734,780▲ 0.2%
Working capital-€33,868--€59,188▼ 74.8%-€36,037▲ 39.1%
Why a figure moved sharply
  • 2016 Turnover +102% on 2015. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2015: €1,703€1,703Net result 2015: €1,336€1,336Operating result 2016: €5,168€5,168Net result 2016: €3,559€3,559Operating result 2017: €15,211€15,211Net result 2017: €13,751€13,751201520162017€0€5,000€10,000€15,000Operating result 2015: €1,703€1,700Net result 2015: €1,336€1,340Operating result 2016: €5,168€5,170Net result 2016: €3,559€3,560Operating result 2017: €15,211€15,200Net result 2017: €13,751€13,800201520162017
The operating result has risen two years in a row; 2017 is 194% above 2016 and is the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €771,713
Fixed assets €187,963 ▼ 23.0%
Current assets €583,750 ▲ 14.0%
Equity and liabilities €772,026
Equity €37,246 ▲ 58.5%
Debt €734,780 ▲ 0.2%
Debt's share of the balance-sheet total falls from 96.9% to 95.2%. Equity and debt are higher.
Key figures and ratios
2017 value · change against 2016
EBITDA
€74,020▲
2016 · €26,329
Cash flow
€72,559▲
2016 · €24,719
Current ratio
0.94▲
2016 · 0.90
Debt to equity
3.09▼
2016 · 6.89
ROE
36.9%▲
2016 · 15.1%
ROA
1.8%▲
2016 · 0.5%
Debt ≤ 1 year
€619,787▲
2016 · €571,459
Debt > 1 year
€114,993▼
2016 · €161,907
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2017 against 2016 · 25 lines
Balance sheet Code20162017
Assets
Total assets20/58€756,860€772,026▲
Formation expenses20€625€313▼
Fixed assets21/28€243,964€187,963▼
Intangible fixed assets21€30,000€20,000▼
Tangible fixed assets22/27€213,964€166,463▼
Financial fixed assets28-€1,500
Current assets29/58€512,271€583,750▲
Amounts receivable within one year40/41€436,477€504,541▲
Cash at bank and in hand54/58€75,794€79,209▲
Equity and liabilities
Total equity and liabilities10/49€756,860€772,026▲
Equity10/15€23,495€37,246▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14€4,895€18,646▲
Amounts payable17/49€733,365€734,780▲
Amounts payable after more than one year17€161,907€114,993▼
Amounts payable within one year42/48€571,459€619,787▲
Trade debts44€408,229€373,190▼
Income statement Code20162017
Turnover70€1.2m€1.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,160€58,808▲
Gross operating margin9900€30,143€74,992▲
Operating profit (loss)9901€5,168€15,211▲
Recurring financial charges65€1,609€1,461▼
Profit (loss) for the period before taxes9903€3,559€13,751▲
Profit (loss) for the period9904€3,559€13,751▲
Profit (loss) for the period to be appropriated9905€3,559€13,751▲
Line201520162017Change
Turnover70€593,775€1.2m€1.1m▼ 4.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,646€21,160€58,808▲ 178%
Gross operating margin9900€16,840€30,143€74,992▲ 149%
Operating profit (loss)9901€1,703€5,168€15,211▲ 194%
Recurring financial income75€3---
Recurring financial charges65€369€1,609€1,461▼ 9.2%
Profit (loss) for the period before taxes9903€1,336€3,559€13,751▲ 286%
Profit (loss) for the period9904€1,336€3,559€13,751▲ 286%
Profit (loss) for the period to be appropriated9905€1,336€3,559€13,751▲ 286%
Line201520162017Change
Assets
Total assets20/58€272,480€756,860€772,026▲ 2.0%
Formation expenses20€938€625€313▼ 50.0%
Fixed assets21/28€47,604€243,964€187,963▼ 23.0%
Intangible fixed assets21€40,000€30,000€20,000▼ 33.3%
Tangible fixed assets22/27€6,667€213,964€166,463▼ 22.2%
Financial fixed assets28--€1,500-
Current assets29/58€224,876€512,271€583,750▲ 14.0%
Amounts receivable within one year40/41€185,204€436,477€504,541▲ 15.6%
Cash at bank and in hand54/58€38,207€75,794€79,209▲ 4.5%
Equity and liabilities
Total equity and liabilities10/49€272,480€756,860€772,026▲ 2.0%
Equity10/15€13,736€23,495€37,246▲ 58.5%
Contributions10/11€12,400€18,600€18,600=
Profit (loss) carried forward14€1,336€4,895€18,646▲ 281%
Amounts payable17/49€258,744€733,365€734,780▲ 0.2%
Amounts payable after more than one year17-€161,907€114,993▼ 29.0%
Amounts payable within one year42/48€258,744€571,459€619,787▲ 8.5%
Trade debts44€188,912€408,229€373,190▼ 8.6%
Line201520162017Change
Profit (loss) for the period9904€1,336€3,559€13,751▲ 286%
+ Depreciation and write-downs630€13,646€21,160€58,808▲ 178%
Operating cash flow (approximation)€14,982€24,719€72,559▲ 194%
Investment in fixed assets (approximation)--€217,521-€2,807▲ 98.7%
Change in cash-€37,587€3,415▼ 90.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2020
28-02
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 24-02-2020
2018
06-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 128 days late
22-02
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 206 days late
2017
31-12
Financial Highest result since 2015net €13,751 ▲286%
Operating result €15,211, net result €13,751, both a record.
2016
13-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 74 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Evere · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
5.0 ha
Building footprint
1.4 ha
Volume, LiDAR
19,918 m³
2 parcels, Brussels, Flanders · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
MEGA LOG
Elsschotstraat(Willem) 5, 1800 VilvoordeFreight transport by road
since 20162.253.552.104
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23643E0139/00E000 Flanders 4.8 ha 1 · 1.3 ha -
21372B0069/00C000 Brussels 2,223 m² 1 · 1,063 m² 25.2 m · 7 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator FRANCOIS LE GENTIL DE ROSMORDUC
AVENUE LOUISE 349/17, 1050 BRUXELLES 5
24-02-2020 → present

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.