MEGAFORM
ActiveMEGAFORM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.02M and a net result of €359k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
83
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-6
Solvency88▲+3
Growth56▲+1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.69 in 2023), and 49.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.4%
Return on assets
4.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
41 d early
2022
53 d early
2021
80 d early
2020
87 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€9.73M▲ 10.6%
2023 · €8.79M
2021: €7.58M
2022: €9.36M
2023: €8.79M
2021 → 2024
EBIT margin
6.4%▼ 0.7pp
2023 · 7.2%
2021: 10.4%
2022: 9.3%
2023: 7.2%
2021 → 2024
Net result
€359k▼ 13.1%
2023 · €413k
2018: €671k
2019: €417k
2020: €132k
2021: €560k
2022: €519k
2023: €413k
2018 → 2024
Working capital
€2.06M▼ 0.6%
2023 · €2.07M
2018: €795k
2019: €1.40M
2020: €1.48M
2021: €1.52M
2022: €1.88M
2023: €2.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€7.58M€9.36M▲ 23.5%€8.79M▼ 6.1%€9.73M▲ 10.6%
Equity€2.55M-€3.02M▲ 18.7%€3.43M▲ 13.5%€3.74M▲ 9.0%€4.02M▲ 7.4%
Operating result€244k-€785k▲ 222%€869k▲ 10.7%€630k▼ 27.5%€626k▼ 0.6%
Net result€132k-€560k▲ 324%€519k▼ 7.3%€413k▼ 20.4%€359k▼ 13.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.98M
Fixed assets
€2.84M▼ 1.6%
Current assets
€5.14M▲ 1.2%
Equity and liabilities €7.98M
Equity
€4.02M▲ 7.4%
Debt
€3.96M▼ 6.2%
The debt ratio falls from 53.0% to 49.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€729k▼
2023 · €739k
Cash flow
€461k▼
2023 · €522k
Solvency
50.4%▲
2023 · 47.0%
Current ratio
1.67▼
2023 · 1.69
Quick ratio
0.81▼
2023 · 0.94
Debt / equity
0.99▼
2023 · 1.13
ROE
8.9%▼
2023 · 11.0%
ROA
4.5%▼
2023 · 5.2%
Interest coverage
5.71▼
2023 · 7.18
Debt
€3.96M▼
2023 · €4.23M
Debt ≤ 1 year
€3.08M▲
2023 · €3.01M
Debt > 1 year
€880k▼
2023 · €1.21M
Income taxes
€124k▼
2023 · €130k
Staff costs
€940k▲
2023 · €908k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.97M€7.98M▲
Fixed assets21/28€2.88M€2.84M▼
Intangible fixed assets21€204k€163k▼
Tangible fixed assets22/27€223k€218k▼
Land and buildings22€127k€131k▲
Plant, machinery and equipment23€63k€53k▼
Furniture and vehicles24€34k€35k▲
Financial fixed assets28€2.45M€2.45M=
Affiliated companies280/1€2.41M€2.41M=
Participating interests280€2.41M€2.41M=
Companies linked by participating interests282/3€15k€15k=
Participating interests282€15k€15k=
Other financial fixed assets284/8€32k€32k=
Shares284€200€200=
Amounts receivable and cash guarantees285/8€32k€32k=
Current assets29/58€5.09M€5.14M▲
Stocks and contracts in progress3€2.24M€2.66M▲
Stocks30/36€2.24M€2.66M▲
Goods purchased for resale34€2.24M€2.66M▲
Amounts receivable within one year40/41€2.53M€2.08M▼
Trade receivables40€1.44M€1.54M▲
Other amounts receivable41€1.10M€538k▼
Cash at bank and in hand54/58€273k€339k▲
Deferred charges and accrued income490/1€34k€65k▲
Equity and liabilities
Total equity and liabilities10/49€7.97M€7.98M▲
Equity10/15€3.74M€4.02M▲
Contributions10/11€612k€612k=
Capital10€612k€612k=
Issued capital100€612k€612k=
Revaluation surpluses12€25k€25k=
Reserves13€906k€1.11M▲
Non-distributable reserves130/1€63k€63k=
Legal reserve130€61k€61k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Tax-exempt reserves132€593k€585k▼
Distributable reserves133€249k€460k▲
Profit (loss) carried forward14€2.20M€2.27M▲
Amounts payable17/49€4.23M€3.96M▼
Amounts payable after more than one year17€1.21M€880k▼
Financial debts170/4€1.21M€880k▼
Subordinated loans170€989k€747k▼
Credit institutions173€145k€53k▼
Other loans174€80k€80k=
Amounts payable within one year42/48€3.01M€3.08M▲
Current portion of amounts payable after more than one year42€479k€443k▼
Financial debts43€841k€1.06M▲
Credit institutions430/8€841k€1.06M▲
Trade debts44€531k€770k▲
Suppliers440/4€531k€770k▲
Taxes, remuneration and social security45€337k€200k▼
Taxes450/3€138k€33k▼
Remuneration and social security454/9€199k€168k▼
Other amounts payable47/48€824k€608k▼
Income statement
Code20232024
Operating income70/76A€8.97M€9.86M▲
Turnover70€8.79M€9.73M▲
Other operating income74€175k€88k▼
Non-recurring operating income76A-€42k
Operating charges60/66A€8.34M€9.23M▲
Goods for resale, raw materials and consumables60€5.44M€6.33M▲
Purchases600/8€5.52M€6.75M▲
Change in stocks: decrease (increase)609€-79k€-414k▼
Services and other goods61€1.87M€1.83M▼
Remuneration, social security and pensions62€908k€940k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€103k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€3k€23k▲
Operating profit (loss)9901€630k€626k▼
Financial income75/76B€66k€60k▼
Recurring financial income75€66k€60k▼
Income from current assets751€3k€4k▲
Other financial income752/9€63k€56k▼
Financial charges65/66B€154k€204k▲
Recurring financial charges65€154k€204k▲
Debt charges650€103k€128k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€56k
Other financial charges652/9€51k€20k▼
Profit (loss) for the period before taxes9903€542k€482k▼
Income taxes67/77€130k€124k▼
Taxes670/3€141k€124k▼
Tax adjustments and reversals of tax provisions77€11k€0▼
Profit (loss) for the period9904€413k€359k▼
Transfer from tax-exempt reserves789€249k€211k▼
Transfer to tax-exempt reserves689€74k€202k▲
Profit (loss) for the period to be appropriated9905€588k€367k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.52M€2.57M▲
Profit (loss) brought forward from the previous period14P€1.94M€2.20M▲
Transfer to equity691/2€249k€211k▼
To the legal reserve6920-€0
To other reserves6921€249k€211k▼
Profit to be distributed694/7€76k€82k▲
Return on contributions (dividend)694€76k€82k▲
Social balance
Average headcount (FTE)908713.414.1▲
The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €132k ▼68.3%
Net result drops to €132k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Equity above €2MEq €2.42M ▲20.9%
2 profitable years in a row build equity to €2.42M.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Eupen · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Haute 1774700 EupenGround area
9,978 m²
Building footprint
2,773 m²
Volume, LiDAR
18,013 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEGAFORM
since 20102.193.962.628
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0533/00R000 | Wallonia | 8,729 m² | 1 · 2,641 m² | 7.4 m · 2 fl. |
| 63023B0187/00G000 | Wallonia | 1,249 m² | 1 · 131 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
5493007DRGG0JK3T4K84
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Of 579 companies in sector 46496 we hold annual accounts for 380. 144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-09-1992
Fiscal year end31-12
Activities, NACEBEL
46496Wholesale trade
51476
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.