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MEGAFORM IMMO

Active
Private limited companyfounded 20224 yrs activeRue de l'Avenir 8, 4890 Thimister-Clermont, BelgiumKBO/BCE: BE 0786.782.440
Summary

MEGAFORM IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,538 and a net result of -€5,261. Equity is shrinking by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability58▲+1
Solvency27=
Growth60▼-12
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.16 in 2024; short-term debt: 4.6% and cash: 0.4% of total assets), and 98.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
1.8%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€5,261
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9268 sector peers (2025).
NBB · sector comparison
Position among 9268 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
22 d early
2024
82 d late
2023
22 d early
2022
60 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 June 2022, MEGAFORM IMMO was incorporated as a Private limited company.1 Revenue went from EUR 60,000 in 2023 to EUR 72,000 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€72,000=
2024 · €72,000
EBIT margin
31.3%▲ 1.8pp
2024 · 29.5%
Net result
-€5,261▲ 31.7%
2024 · -€7,702
Working capital
-€37,330▼ 12.7%
2024 · -€33,118
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Turnover€60,000€72,000▲ 20.0%€72,000=
Operating result-€31,978-€6,353€21,238▲ 234%€22,538▲ 6.1%
Net result-€46,670--€23,829▲ 48.9%-€7,702▲ 67.7%-€5,261▲ 31.7%
EBIT margin10.6%29.5%▲ 18.9pp31.3%▲ 1.8pp
Equity€53,330-€29,501▼ 44.7%€21,799▼ 26.1%€16,538▼ 24.1%
Total assets€1.1m-€992,962▼ 7.8%€946,791▼ 4.6%€903,198▼ 4.6%
Debt€1.0m-€963,461▼ 5.8%€924,992▼ 4.0%€886,660▼ 4.1%
Working capital€36,651--€27,671-€33,118▼ 19.7%-€37,330▼ 12.7%
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2022: -€31,978-€31,978Net result 2022: -€46,670-€46,670Operating result 2023: €6,353€6,353Net result 2023: -€23,829-€23,829Operating result 2024: €21,238€21,238Net result 2024: -€7,702-€7,702Operating result 2025: €22,538€22,538Net result 2025: -€5,261-€5,2612022202320242025-€40,000-€20,000€0€20,000Operating result 2023: €6,353€6,350Net result 2023: -€23,829-€23,800Operating result 2024: €21,238€21,200Net result 2024: -€7,702-€7,700Operating result 2025: €22,538€22,500Net result 2025: -€5,261-€5,260202320242025
The operating result has risen three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903,198
Fixed assets €899,170 ▼ 4.4%
Current assets €4,028 ▼ 34.2%
Equity and liabilities €903,198
Equity €16,538 ▼ 24.1%
Debt €886,660 ▼ 4.1%
Debt's share of the balance-sheet total rises from 97.7% to 98.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€64,035▲
2024 · €62,735
Cash flow
€36,236▲
2024 · €33,795
Current ratio
0.10▼
2024 · 0.16
Debt to equity
53.61▲
2024 · 42.43
ROE
-31.8%▲
2024 · -35.3%
ROA
-0.6%▲
2024 · -0.8%
Interest coverage
2.30▲
2024 · 2.17
Debt ≤ 1 year
€41,358▲
2024 · €39,242
Debt > 1 year
€845,301▼
2024 · €885,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.3% went bankrupt
1.6% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€946,791€903,198▼
Fixed assets21/28€940,667€899,170▼
Tangible fixed assets22/27€940,667€899,170▼
Land and buildings22€940,667€899,170▼
Current assets29/58€6,124€4,028▼
Amounts receivable within one year40/41€95€567▲
Other amounts receivable41€95€567▲
Cash at bank and in hand54/58€6,030€3,461▼
Equity and liabilities
Total equity and liabilities10/49€946,791€903,198▼
Equity10/15€21,799€16,538▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€78,201-€83,462▼
Amounts payable17/49€924,992€886,660▼
Amounts payable after more than one year17€885,750€845,301▼
Financial debts170/4€885,750€845,301▼
Amounts payable within one year42/48€39,242€41,358▲
Current portion of amounts payable after more than one year42€39,242€40,448▲
Trade debts44-€910
Suppliers440/4-€910
Income statement Code20242025
Turnover70€72,000€72,000=
Goods, raw materials, services and sundry goods60/61€5,076€3,644▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41,497€41,497=
Other operating charges640/8€4,190€4,321▲
Gross operating margin9900€66,924€68,356▲
Operating profit (loss)9901€21,238€22,538▲
Financial charges65/66B€28,939€27,799▼
Recurring financial charges65€28,939€27,799▼
Profit (loss) for the period before taxes9903-€7,702-€5,261▲
Profit (loss) for the period9904-€7,702-€5,261▲
Profit (loss) for the period to be appropriated9905-€7,702-€5,261▲
Appropriation of the result
Profit (loss) to be appropriated9906-€78,201-€83,462▼
Profit (loss) brought forward from the previous period14P-€70,499-€78,201▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70-€60,000€72,000€72,000=
Goods, raw materials, services and sundry goods60/61€13,037€5,603€5,076€3,644▼ 28.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,153€46,663€41,497€41,497=
Other operating charges640/8€788€1,381€4,190€4,321▲ 3.1%
Gross operating margin9900-€13,037€54,397€66,924€68,356▲ 2.1%
Operating profit (loss)9901-€31,978€6,353€21,238€22,538▲ 6.1%
Financial charges65/66B€14,693€30,182€28,939€27,799▼ 3.9%
Recurring financial charges65€14,693€30,182€28,939€27,799▼ 3.9%
Profit (loss) for the period before taxes9903-€46,670-€23,829-€7,702-€5,261▲ 31.7%
Profit (loss) for the period9904-€46,670-€23,829-€7,702-€5,261▲ 31.7%
Profit (loss) for the period to be appropriated9905-€46,670-€23,829-€7,702-€5,261▲ 31.7%
Line2022202320242025Change
Assets
Total assets20/58€1.1m€992,962€946,791€903,198▼ 4.6%
Formation expenses20€653----
Fixed assets21/28€979,089€982,163€940,667€899,170▼ 4.4%
Tangible fixed assets22/27€979,089€982,163€940,667€899,170▼ 4.4%
Land and buildings22€979,089€982,163€940,667€899,170▼ 4.4%
Current assets29/58€96,781€10,798€6,124€4,028▼ 34.2%
Amounts receivable within one year40/41€62,799-€95€567▲ 500%
Other amounts receivable41€62,799-€95€567▲ 500%
Cash at bank and in hand54/58€33,982€10,798€6,030€3,461▼ 42.6%
Equity and liabilities
Total equity and liabilities10/49€1.1m€992,962€946,791€903,198▼ 4.6%
Equity10/15€53,330€29,501€21,799€16,538▼ 24.1%
Contributions10/11€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€46,670-€70,499-€78,201-€83,462▼ 6.7%
Amounts payable17/49€1.0m€963,461€924,992€886,660▼ 4.1%
Amounts payable after more than one year17€963,064€924,992€885,750€845,301▼ 4.6%
Financial debts170/4€963,064€924,992€885,750€845,301▼ 4.6%
Amounts payable within one year42/48€60,130€38,469€39,242€41,358▲ 5.4%
Current portion of amounts payable after more than one year42€36,936€38,072€39,242€40,448▲ 3.1%
Trade debts44€23,193€398-€910-
Suppliers440/4€23,193€398-€910-
Line2022202320242025Change
Profit (loss) for the period9904-€46,670-€23,829-€7,702-€5,261▲ 31.7%
+ Depreciation and write-downs630€18,153€46,663€41,497€41,497=
Operating cash flow (approximation)-€28,517€22,834€33,795€36,236▲ 7.2%
Investment in fixed assets (approximation)--€49,737€0€0-
Change in cash--€23,184-€4,769-€2,569▲ 46.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 82 days late
2024
09-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
NBB filing
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, Thimister-Clermont · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
8,729 m²
Building footprint
2,641 m²
Volume, LiDAR
17,270 m³
Parcel 63077C0533/00R000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
MEGAFORM IMMO
Rue de l'Avenir 8, 4890 Thimister-ClermontReal estate activities
since 20222.340.026.218
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63077C0533/00R000 Wallonia 8,729 m² 1 · 2,641 m² 7.4 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MEGAFORM 100%
  2. MEGAFORM IMMO

Highest known parent: MEGAFORM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 1,917 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
Founded02-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail jessica.pirali@megaform.com
Phone +3287321767
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.