MEGABEL GROUP
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 158 days after the deadline Filed on 5 January 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00002730.
Annual accounts 2024 filed on 05-01-2026 PDF all 10 filings
Turnover
≈ €150,000
Estimated: probably between €120,000 and €210,000
Total assets
€173,690▼ 6.9%
2023 · €186,508
Net result
€17,067▼ 52.1%
2023 · €35,648
Working capital
€133,239▲ 27.5%
2023 · €104,506
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€20,344
▼ 45.4%
2024
20182024
Net result
€17,067
▼ 52.1%
2024
middle half of the sector
20182024
Equity
€146,847
▲ 13.2%
2024
highest quarter of the sector
20182024
Total assets
€173,690
▼ 6.9%
2024
middle half of the sector
20182024
Debt
€26,843
▼ 52.7%
2024
20182024
Working capital
€133,239
▲ 27.5%
2024
highest quarter of the sector
20182024
Solvency
84.5%
▲ 15.0pp
2024
highest quarter of the sector
20182024
Current ratio
5.96
▲ 3.12
2024
highest quarter of the sector
20182024
Return on assets (ROA)
9.8%
▼ 9.3pp
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€1,498-€15,502€961▼ 93.8%€30,383▲ 32×€40,612▲ 33.7%€37,264▼ 8.2%€20,344▼ 45.4%
Net result-€3,268-€5,182-€907within the sector's middle half€28,542above the sector's middle half€30,697above the sector's middle half▲ 7.5%€35,648above the sector's middle half▲ 16.1%€17,067within the sector's middle half▼ 52.1%
Equity€45,619-€50,801▲ 11.4%€49,893within the sector's middle half▼ 1.8%€78,436within the sector's middle half▲ 57.2%€94,132within the sector's middle half▲ 20.0%€129,780above the sector's middle half▲ 37.9%€146,847above the sector's middle half▲ 13.2%
Total assets€79,324-€166,970▲ 110%€240,506within the sector's middle half▲ 44.0%€256,594within the sector's middle half▲ 6.7%€321,631above the sector's middle half▲ 25.3%€186,508within the sector's middle half▼ 42.0%€173,690within the sector's middle half▼ 6.9%
Debt€33,706-€116,170▲ 245%€190,612▲ 64.1%€178,159▼ 6.5%€227,499▲ 27.7%€56,727▼ 75.1%€26,843▼ 52.7%
Working capital€34,843-€42,259▲ 21.3%€60,576above the sector's middle half▲ 43.3%€88,557above the sector's middle half▲ 46.2%€60,285above the sector's middle half▼ 31.9%€104,506above the sector's middle half▲ 73.4%€133,239above the sector's middle half▲ 27.5%
Solvency57.5%-30.4%▼ 27.1pp20.7%within the sector's middle half▼ 9.7pp30.6%within the sector's middle half▲ 9.8pp29.3%within the sector's middle half▼ 1.3pp69.6%above the sector's middle half▲ 40.3pp84.5%above the sector's middle half▲ 15.0pp
Current ratio2.03-1.47▼ 0.561.38within the sector's middle half▼ 0.091.55within the sector's middle half▲ 0.171.27within the sector's middle half▼ 0.282.84above the sector's middle half▲ 1.575.96above the sector's middle half▲ 3.12
Return on assets (ROA)-4.1%-3.1%▲ 7.2pp-0.4%within the sector's middle half▼ 3.5pp11.1%within the sector's middle half▲ 11.5pp9.5%within the sector's middle half▼ 1.6pp19.1%above the sector's middle half▲ 9.6pp9.8%within the sector's middle half▼ 9.3pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 45% lower than in 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173,690
Fixed assets
€13,609 ▼ 46.2%
Current assets
€160,082 ▼ 0.7%
Equity and liabilities €173,690
Equity
€146,847 ▲ 13.2%
Debt
€26,843 ▼ 52.7%
Debt's share of the balance-sheet total falls from 30.4% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,009▼
2023 · €48,929
Cash flow
€28,733▼
2023 · €47,314
Debt to equity
0.18▼
2023 · 0.44
ROE
11.6%▼
2023 · 27.5%
Interest coverage
9.77▼
2023 · 30.28
Debt ≤ 1 year
€26,843▼
2023 · €56,727
Staff costs
€31,372▲
2023 · €5,908
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €0 | €35,000 | - | - |
| Depreciation and write-downs of the year | €14,670 | €3,931 | €11,666 | €11,666 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €19,892 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €5,908 | €31,372 | ▲ 431% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,098 | €22,670 | €14,665 | €14,670 | €3,931 | €11,666 | €11,666 | = |
| Other operating charges640/8 | - | - | - | €875 | €814 | - | - | - |
| Non-recurring operating charges66A | - | - | - | €12,758 | - | €22,196 | - | - |
| Gross operating margin9900 | €26,648 | €42,632 | €39,330 | €58,685 | €45,356 | €77,033 | €63,381 | ▼ 17.7% |
| Operating profit (loss)9901 | -€1,498 | €15,502 | €961 | €30,383 | €40,612 | €37,264 | €20,344 | ▼ 45.4% |
| Recurring financial income75 | - | €6 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,841 | €1,609 | €1,616 | €3,277 | ▲ 103% |
| Recurring financial charges65 | €1,781 | €7,840 | €1,869 | €1,841 | €1,609 | €1,616 | €3,277 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | -€3,279 | €7,667 | -€907 | €28,542 | €39,002 | €35,648 | €17,067 | ▼ 52.1% |
| Income taxes67/77 | -€11 | €2,485 | - | - | €8,306 | - | - | - |
| Profit (loss) for the period9904 | -€3,268 | €5,182 | -€907 | €28,542 | €30,697 | €35,648 | €17,067 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | -€3,268 | €5,182 | -€907 | €28,542 | €30,697 | €35,648 | €17,067 | ▼ 52.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €79,324 | €166,970 | €240,506 | €256,594 | €321,631 | €186,508 | €173,690 | ▼ 6.9% |
| Fixed assets21/28 | €10,776 | €35,206 | €20,540 | €5,871 | €36,940 | €25,274 | €13,609 | ▼ 46.2% |
| Tangible fixed assets22/27 | €8,005 | €29,335 | €14,670 | €0 | €31,069 | €19,403 | €7,738 | ▼ 60.1% |
| Furniture and vehicles24 | - | - | - | €0 | €31,069 | €19,403 | €7,738 | ▼ 60.1% |
| Financial fixed assets28 | €2,771 | €5,871 | €5,871 | €5,871 | €5,871 | €5,871 | €5,871 | = |
| Current assets29/58 | €68,548 | €131,765 | €219,965 | €250,723 | €284,692 | €161,234 | €160,082 | ▼ 0.7% |
| Amounts receivable after more than one year29 | - | - | - | €141,233 | €141,233 | - | - | - |
| Other amounts receivable291 | - | - | - | €141,233 | €141,233 | - | - | - |
| Amounts receivable within one year40/41 | €57,140 | €71,462 | €93,416 | €103,338 | €143,061 | €161,234 | €156,991 | ▼ 2.6% |
| Trade receivables40 | - | - | - | €98,875 | €108,002 | €6,434 | - | - |
| Other amounts receivable41 | - | - | - | €4,463 | €35,060 | €154,799 | €156,991 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €10,647 | €2,185 | €397 | €6,152 | €397 | - | €3,091 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €79,324 | €166,970 | €240,506 | €256,594 | €321,631 | €186,508 | €173,690 | ▼ 6.9% |
| Equity10/15 | €45,619 | €50,801 | €49,893 | €78,436 | €94,132 | €129,780 | €146,847 | ▲ 13.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,896 | €1,896 | €1,896 | €1,896 | €1,896 | €1,896 | €1,896 | = |
| Non-distributable reserves130/1 | - | - | - | €1,896 | €1,896 | €1,896 | €1,896 | = |
| Legal reserve130 | - | - | - | €1,896 | €1,896 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,896 | €1,896 | = |
| Profit (loss) carried forward14 | €25,123 | €30,305 | €29,398 | €57,940 | €73,637 | €109,285 | €126,352 | ▲ 15.6% |
| Amounts payable17/49 | €33,706 | €116,170 | €190,612 | €178,159 | €227,499 | €56,727 | €26,843 | ▼ 52.7% |
| Amounts payable after more than one year17 | - | €26,664 | €31,223 | €15,992 | €3,092 | - | - | - |
| Financial debts170/4 | - | - | - | €15,992 | €3,092 | - | - | - |
| Amounts payable within one year42/48 | €33,706 | €89,506 | €159,390 | €162,167 | €224,407 | €56,727 | €26,843 | ▼ 52.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,192 | €11,324 | - | - | - |
| Financial debts43 | - | - | - | €0 | €9,996 | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | €9,996 | - | - | - |
| Trade debts44 | €29,735 | €73,221 | €95,915 | €103,516 | €130,618 | €40,996 | €1,254 | ▼ 96.9% |
| Suppliers440/4 | - | - | - | €103,516 | €130,618 | €40,996 | €1,254 | ▼ 96.9% |
| Advances received on contracts in progress46 | - | - | - | €41,715 | €40,850 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €7,744 | €16,619 | €15,731 | €25,589 | ▲ 62.7% |
| Taxes450/3 | - | - | - | €4,179 | €12,485 | €15,312 | €17,487 | ▲ 14.2% |
| Remuneration and social security454/9 | - | - | - | €3,564 | €4,134 | €420 | €8,101 | ▲ 19× |
| Other amounts payable47/48 | - | - | - | - | €15,000 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,268 | €5,182 | -€907 | €28,542 | €30,697 | €35,648 | €17,067 | ▼ 52.1% |
| + Depreciation and write-downs630 | €11,098 | €22,670 | €14,665 | €14,670 | €3,931 | €11,666 | €11,666 | = |
| Operating cash flow (approximation) | €7,830 | €27,852 | €13,758 | €43,212 | €34,628 | €47,314 | €28,733 | ▼ 39.3% |
| Investment in fixed assets (approximation) | - | -€47,100 | €0 | €0 | -€35,000 | €0 | €0 | - |
| Change in cash | - | -€8,462 | -€1,787 | €5,755 | -€5,755 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 05-01-2026 | 2026-00002730 | |
| 31-12-2023 | micro format | 20-12-2025 | 2025-00591346 | |
| 31-12-2022 | micro format | 22-02-2024 | 2024-00033065 | |
| 31-12-2021 | micro format | 22-02-2024 | 2024-00033064 | |
| 31-12-2020 | micro format | 22-11-2021 | 2021-77800119 | |
| 31-12-2019 | micro format | 10-05-2021 | 2021-13800026 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62900045 | |
| 31-12-2017 | micro format | 06-12-2018 | 2018-73700570 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-55000327 | |
| 31-12-2015 | full format | 16-01-2017 | 2017-01400466 |