MEGA TECHNICS SERVICE
ActiveSummary
MEGA TECHNICS SERVICE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €44k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 240 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+7
Solvency87▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.94 against 2.06 in 2023; short-term debt: 33.5% and cash: 90.7% of total assets), and 38.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
31 d late
2022
31 d late
2021
22 d late
2020
30 d late
2019
395 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€135k▲ 18.7%
2023 · €114k
2018: €45klowest in 7 years
2019: €56k▲ +24.0% vs 2018
2020: €70k▲ +25.0% vs 2019
2021: €83k▲ +18.8% vs 2020
2022: €100k▲ +20.0% vs 2021
2023: €114k▲ +14.3% vs 2022
2024: €135k▲ +18.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€219k▼ 10.6%
2023 · €246k
2018: €181klowest in 7 years
2019: €197k▲ +9.3% vs 2018
2020: €188k▼ -4.8% vs 2019
2021: €226k▲ +20.0% vs 2020
2022: €204k▼ -9.8% vs 2021
2023: €246k▲ +20.6% vs 2022highest in 7 years
2024: €219k▼ -10.6% vs 2023
2018 → 2024
Net result
€44k▲ 19.0%
2023 · €37k
2018: €23klowest in 7 years
2019: €33k▲ +45.8% vs 2018
2020: €36k▲ +9.4% vs 2019
2021: €36k▼ -2.2% vs 2020
2022: €39k▲ +9.6% vs 2021
2023: €37k▼ -5.8% vs 2022
2024: €44k▲ +19.0% vs 2023highest in 7 years
2018 → 2024
Working capital
€142k▲ 13.6%
2023 · €125k
2018: €13klowest in 7 years
2019: €36k▲ +167% vs 2018
2020: €60k▲ +68.2% vs 2019
2021: €79k▲ +31.7% vs 2020
2022: €105k▲ +32.6% vs 2021
2023: €125k▲ +19.7% vs 2022
2024: €142k▲ +13.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€83k▲ 18.8%€100k▲ 20.0%€114k▲ 14.3%€135k▲ 18.7%
2020: €70klowest in 5 years
2021: €83k▲ +18.8% vs 2020
2022: €100k▲ +20.0% vs 2021
2023: €114k▲ +14.3% vs 2022
2024: €135k▲ +18.7% vs 2023highest in 5 years
Operating result€37k-€41k▲ 10.0%€44k▲ 7.2%€41k▼ 6.5%€51k▲ 23.7%
2020: €37klowest in 5 years
2021: €41k▲ +10.0% vs 2020
2022: €44k▲ +7.2% vs 2021
2023: €41k▼ -6.5% vs 2022
2024: €51k▲ +23.7% vs 2023highest in 5 years
Net result€36k-€36k▼ 2.2%€39k▲ 9.6%€37k▼ 5.8%€44k▲ 19.0%
2020: €36k
2021: €36k▼ -2.2% vs 2020lowest in 5 years
2022: €39k▲ +9.6% vs 2021
2023: €37k▼ -5.8% vs 2022
2024: €44k▲ +19.0% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219k
Fixed assets
€4k ▲ 55.0%
Current assets
€216k ▼ 11.2%
Equity and liabilities €219k
Equity
€135k ▲ 18.7%
Debt
€84k ▼ 35.9%
Debt's share of the balance-sheet total falls from 53.6% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2023 · €46k
Cash flow
€45k▲
2023 · €42k
Current ratio
2.94▲
2023 · 2.06
Debt to equity
0.62▼
2023 · 1.16
ROE
32.4%▲
2023 · 32.3%
ROA
19.9%▲
2023 · 15.0%
Interest coverage
391.17▲
2023 · 329.92
Debt ≤ 1 year
€73k▼
2023 · €118k
Income taxes
€7k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€246k€219k▼
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Financial fixed assets28€118€118=
Current assets29/58€243k€216k▼
Amounts receivable within one year40/41€63k€17k▼
Trade receivables40€14k€16k▲
Other amounts receivable41€49k€768▼
Cash at bank and in hand54/58€180k€199k▲
Equity and liabilities
Total equity and liabilities10/49€246k€219k▼
Equity10/15€114k€135k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Share premium1100/10-€20k
Other1109/19€20k-
Profit (loss) carried forward14€93k€115k▲
Amounts payable17/49€132k€84k▼
Amounts payable within one year42/48€118k€73k▼
Trade debts44€7k€952▼
Suppliers440/4€7k€952▼
Taxes, remuneration and social security45€4k€657▼
Taxes450/3€4k€657▼
Other amounts payable47/48€107k€72k▼
Accrued charges and deferred income492/3€14k€11k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€1k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€48k€54k▲
Operating profit (loss)9901€41k€51k▲
Financial income75/76B€0€743▲
Recurring financial income75€0€743▲
Financial charges65/66B€139€132▼
Recurring financial charges65€139€132▼
Profit (loss) for the period before taxes9903€41k€51k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€37k€44k▲
Profit (loss) for the period to be appropriated9905€37k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€116k€137k▲
Profit (loss) brought forward from the previous period14P€79k€93k▲
Profit to be distributed694/7€23k€23k=
Directors or managers695€23k€23k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €9k | €5k | €1k | ▼ 79.8% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 2.1% |
| Gross operating margin9900 | €47k | €52k | €55k | €48k | €54k | ▲ 12.1% |
| Operating profit (loss)9901 | €37k | €41k | €44k | €41k | €51k | ▲ 23.7% |
| Financial income75/76B | - | €3 | €3 | €0 | €743 | ▲ 7,433,900% |
| Recurring financial income75 | - | €3 | €3 | €0 | €743 | ▲ 7,433,900% |
| Financial charges65/66B | - | €152 | €89 | €139 | €132 | ▼ 5.1% |
| Recurring financial charges65 | €550 | €152 | €89 | €139 | €132 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €40k | €41k | €44k | €41k | €51k | ▲ 25.6% |
| Income taxes67/77 | €4k | €5k | €5k | €4k | €7k | ▲ 87.8% |
| Profit (loss) for the period9904 | €36k | €36k | €39k | €37k | €44k | ▲ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €36k | €36k | €39k | €37k | €44k | ▲ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €188k | €226k | €204k | €246k | €219k | ▼ 10.6% |
| Fixed assets21/28 | €21k | €17k | €7k | €2k | €4k | ▲ 55.0% |
| Tangible fixed assets22/27 | €21k | €17k | €7k | €2k | €4k | ▲ 57.9% |
| Furniture and vehicles24 | - | €17k | €7k | €2k | €4k | ▲ 57.9% |
| Financial fixed assets28 | €118 | €118 | €118 | €118 | €118 | = |
| Current assets29/58 | €167k | €209k | €196k | €243k | €216k | ▼ 11.2% |
| Amounts receivable within one year40/41 | €22k | €40k | €20k | €63k | €17k | ▼ 73.5% |
| Trade receivables40 | - | €6k | €12k | €14k | €16k | ▲ 15.0% |
| Other amounts receivable41 | - | €35k | €8k | €49k | €768 | ▼ 98.4% |
| Cash at bank and in hand54/58 | €145k | €169k | €176k | €180k | €199k | ▲ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €188k | €226k | €204k | €246k | €219k | ▼ 10.6% |
| Equity10/15 | €70k | €83k | €100k | €114k | €135k | ▲ 18.7% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Outside capital11 | - | - | - | €20k | €20k | = |
| Share premium1100/10 | - | - | - | - | €20k | - |
| Other1109/19 | - | - | - | €20k | - | - |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €49k | €63k | €79k | €93k | €115k | ▲ 22.8% |
| Amounts payable17/49 | €118k | €143k | €104k | €132k | €84k | ▼ 35.9% |
| Amounts payable within one year42/48 | €107k | €130k | €92k | €118k | €73k | ▼ 37.6% |
| Trade debts44 | €10k | €10k | €2k | €7k | €952 | ▼ 85.7% |
| Suppliers440/4 | - | €10k | €2k | €7k | €952 | ▼ 85.7% |
| Taxes, remuneration and social security45 | - | €1k | €5k | €4k | €657 | ▼ 83.4% |
| Taxes450/3 | - | €1k | €5k | €4k | €657 | ▼ 83.4% |
| Other amounts payable47/48 | - | €119k | €85k | €107k | €72k | ▼ 33.0% |
| Accrued charges and deferred income492/3 | - | €13k | €12k | €14k | €11k | ▼ 21.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €36k | €39k | €37k | €44k | ▲ 19.0% |
| + Depreciation and write-downs630 | €8k | €9k | €9k | €5k | €1k | ▼ 79.8% |
| Operating cash flow (approximation) | €45k | €45k | €48k | €42k | €45k | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-2k | - |
| Change in cash | - | €24k | €7k | €4k | €19k | ▲ 375% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €44k ▲19%
Operating result €51k, net result €44k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €100kEq €114k ▲14.3%
6 profitable years in a row build equity to €114k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 395 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 761 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2008
Ground area
525 m²
Building footprint
86 m²
Volume, LiDAR
443 m³
Parcel 44017D0588/00P000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.T.S.
since 20082.170.575.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0588/00P000 | Flanders | 525 m² | 1 · 86 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 · 1 entry · 225 EUR awarded · 225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 225 EUR | 225 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 279 companies in sector 38330 we hold annual accounts for 240. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2008
Fiscal year end31-12
Abbreviation NL
M.T.S.
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
38210Materials recovery from waste
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
52210Service activities incidental to land transportation
Scores and ratios are computed by Checked and are not a credit decision.