MEGABEL GROUP
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (158 days) 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.
Turnover
≈ €170,000
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
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 45% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€20,344
2024
Net result€17,067
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€173,690
2024
Equity€146,847
2024
Debt€26,843
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€133,239
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency84.5%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio5.96
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
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 middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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.
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 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 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 |
Similar companies · same sector, comparable size
STAR LIMO
BE 0695.918.283
Antwerpen · equity €146,288
T-Rans & K
BE 0645.836.094
Machelen (Brab.) · equity €142,684
V.D. VOORDE
BE 0422.242.879
Lochristi · equity €139,846
TRANSPORT SECURITY AGENCY
BE 0648.783.411
Sint-Jans-Molenbeek · equity €137,423
SANA TRANSPORT
BE 0895.946.339
Charleroi · equity €157,719
Of the 940 active companies whose main activity is scheduled passenger transport by road (NACE 49310), figures are known for 494. 300 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.