MEGABAS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 34 days after the deadline Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497659.
Annual accounts 2025 filed on 03-09-2026 at the NBB all 5 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a loss of €4,509, smaller than the loss of €138,889 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 31-12-2021 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 1 | - | - |
| full-time | 12 | 1 | - | - |
| part-time | 0 | 0 | - | - |
| in full-time equivalents | 12 | 1 | - | - |
| Average over the year, in full-time equivalents | 6.7 | 6.6 | 0.3 | - |
| On a permanent contract | 9 | 1 | - | - |
| Joined | 24 | 31 | 5 | 5 |
| Left | 12 | 30 | 6 | 6 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | €4,161 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | €117,000 | - | - |
| Carrying value of the mortgaged assets | - | - | €336,268 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,411 | €36,051 | €326,004 | €8,104 | - |
| Depreciation and write-downs of the year | €1,934 | €4,864 | €26,971 | €217 | €217 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €36,134 | - | - |
| Remuneration, social security and pensions62 | €53,441 | €82 | €77,990 | €17,626 | €65 | ▼ 99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,934 | €4,864 | €26,971 | €217 | €217 | = |
| Other operating charges640/8 | €915 | €0 | €281 | €1,798 | €330 | ▼ 81.6% |
| Non-recurring operating charges66A | €1,222 | €1,217 | €0 | €169,372 | - | - |
| Gross operating margin9900 | €47,184 | -€4,725 | €64,814 | €50,124 | -€3,897 | - |
| Operating profit (loss)9901 | -€10,328 | -€10,888 | -€40,428 | -€138,889 | -€4,509 | ▲ 96.8% |
| Financial income75/76B | €1 | €0 | €10 | €10 | €9 | ▼ 13.6% |
| Recurring financial income75 | €1 | €0 | €10 | €10 | €9 | ▼ 13.6% |
| Financial charges65/66B | €1,337 | €715 | €11,578 | €11,184 | €397 | ▼ 96.5% |
| Recurring financial charges65 | €1,337 | €715 | €11,578 | €11,184 | €397 | ▼ 96.5% |
| Profit (loss) for the period before taxes9903 | -€11,665 | -€11,603 | -€51,996 | -€150,063 | -€4,897 | ▲ 96.7% |
| Profit (loss) for the period9904 | -€11,665 | -€11,603 | -€51,996 | -€150,063 | -€4,897 | ▲ 96.7% |
| Profit (loss) for the period to be appropriated9905 | -€11,665 | -€11,603 | -€51,996 | -€150,063 | -€4,897 | ▲ 96.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,132 | €51,581 | €374,881 | €5,599 | €4,371 | ▼ 21.9% |
| Formation expenses20 | €877 | €660 | €443 | €227 | €10 | ▼ 95.5% |
| Fixed assets21/28 | €14,684 | €37,018 | €336,268 | €0 | - | - |
| Tangible fixed assets22/27 | €14,684 | €37,018 | €336,268 | €0 | - | - |
| Plant, machinery and equipment23 | €5,053 | €36,594 | €275,623 | €0 | - | - |
| Furniture and vehicles24 | €9,630 | €424 | €1,911 | €0 | - | - |
| Leasing and similar rights25 | - | - | €58,734 | €0 | - | - |
| Current assets29/58 | €6,572 | €13,903 | €38,170 | €5,372 | €4,361 | ▼ 18.8% |
| Stocks and contracts in progress3 | €989 | €500 | €3,753 | €0 | - | - |
| Stocks30/36 | €989 | €500 | €3,753 | €0 | - | - |
| Amounts receivable within one year40/41 | €3,889 | €9,801 | €31,836 | €3,548 | €3,516 | ▼ 0.9% |
| Trade receivables40 | €3,660 | €9,801 | €23,776 | €684 | - | - |
| Other amounts receivable41 | €228 | €0 | €8,061 | €2,864 | €3,516 | ▲ 22.7% |
| Cash at bank and in hand54/58 | €1,653 | €3,602 | €2,581 | €1,824 | €845 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | €41 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,132 | €51,581 | €374,881 | €5,599 | €4,371 | ▼ 21.9% |
| Equity10/15 | -€1,659 | -€13,262 | -€65,264 | -€215,327 | -€220,224 | ▼ 2.3% |
| Contributions10/11 | €10,006 | €10,006 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€11,665 | -€23,268 | -€75,264 | -€225,327 | -€230,224 | ▼ 2.2% |
| Amounts payable17/49 | €23,791 | €64,843 | €440,145 | €220,926 | €224,595 | ▲ 1.7% |
| Amounts payable after more than one year17 | - | - | €187,842 | €147,991 | €147,991 | = |
| Financial debts170/4 | - | - | €187,842 | €147,991 | €147,991 | = |
| Amounts payable within one year42/48 | €23,791 | €64,843 | €252,303 | €72,935 | €76,604 | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | - | - | €29,961 | €0 | - | - |
| Financial debts43 | - | - | - | €2 | - | - |
| Credit institutions430/8 | - | - | - | €2 | - | - |
| Trade debts44 | €4,608 | €47,072 | €139,043 | €43,706 | €48,871 | ▲ 11.8% |
| Suppliers440/4 | €4,608 | €47,072 | €139,043 | €43,706 | €48,871 | ▲ 11.8% |
| Taxes, remuneration and social security45 | €2,561 | €1,150 | €4,973 | €4,815 | - | - |
| Taxes450/3 | €1,334 | €1,150 | €0 | €4,161 | - | - |
| Remuneration and social security454/9 | €1,227 | €0 | €4,973 | €654 | - | - |
| Other amounts payable47/48 | €16,622 | €16,622 | €78,326 | €24,412 | €27,733 | ▲ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,665 | -€11,603 | -€51,996 | -€150,063 | -€4,897 | ▲ 96.7% |
| + Depreciation and write-downs630 | €1,934 | €4,864 | €26,971 | €217 | €217 | = |
| Operating cash flow (approximation) | -€9,731 | -€6,739 | -€25,025 | -€149,846 | -€4,681 | ▲ 96.9% |
| Investment in fixed assets (approximation) | - | -€27,199 | -€326,221 | €336,052 | - | - |
| Change in cash | - | €1,949 | -€1,021 | -€757 | -€979 | ▼ 29.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as MEGABAS has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MEGABAS itself: 6.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for MEGABAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-09-2026 | 2026-00497659 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00330450 | |
| 31-12-2023 | micro format | 02-10-2024 | 2024-00491679 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00230304 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20181107 |