MEGALEC
ActiveMEGALEC has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.08M and a net result of €412k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 382 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 6.36 against 5.56 in 2024; short-term debt: 13.1% and cash: 37.4% of total assets), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.9%
Return on assets
11.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
20 d early
2023
12 d early
2022
7 d early
2021
18 d early
2020
86 d late
2019
61 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€412k▲ 39.6%
2024 · €295k
2018: €249k
2019: €191k
2020: €471k
2021: €534k
2022: €290k
2023: €359k
2024: €295k
2018 → 2025
Working capital
€2.49M▲ 11.0%
2024 · €2.24M
2018: €1.10M
2019: €1.14M
2020: €1.33M
2021: €1.62M
2022: €1.81M
2023: €1.97M
2024: €2.24M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.17M-€2.38M▲ 9.7%€2.65M▲ 11.3%€2.87M▲ 8.1%€3.08M▲ 7.4%
Operating result€647k-€366k▼ 43.4%€432k▲ 18.1%€355k▼ 17.8%€364k▲ 2.4%
Net result€534k-€290k▼ 45.7%€359k▲ 23.8%€295k▼ 17.9%€412k▲ 39.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.54M
Fixed assets
€593k▼ 6.4%
Current assets
€2.95M▲ 8.0%
Equity and liabilities €3.54M
Equity
€3.08M▲ 7.4%
Debt
€464k▼ 6.7%
The debt ratio falls from 14.8% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€435k▼
2024 · €458k
Cash flow
€483k▲
2024 · €398k
Solvency
86.9%▲
2024 · 85.2%
Current ratio
6.36▲
2024 · 5.56
Quick ratio
4.45▲
2024 · 3.78
Debt / equity
0.15▼
2024 · 0.17
ROE
13.4%▲
2024 · 10.3%
ROA
11.6%▲
2024 · 8.8%
Interest coverage
60.44▼
2024 · 84.00
Debt
€464k▼
2024 · €498k
Debt ≤ 1 year
€464k▼
2024 · €491k
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€51k▼
2024 · €69k
Staff costs
€466k▲
2024 · €435k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.37M€3.54M▲
Fixed assets21/28€633k€593k▼
Tangible fixed assets22/27€631k€591k▼
Land and buildings22€514k€478k▼
Plant, machinery and equipment23€5k€15k▲
Furniture and vehicles24€23k€12k▼
Other tangible fixed assets26€90k€87k▼
Financial fixed assets28€2k€2k=
Current assets29/58€2.73M€2.95M▲
Stocks and contracts in progress3€878k€887k▲
Stocks30/36€878k€887k▲
Amounts receivable within one year40/41€685k€703k▲
Trade receivables40€682k€701k▲
Other amounts receivable41€3k€2k▼
Current investments50/53€356k€20k▼
Cash at bank and in hand54/58€813k€1.33M▲
Deferred charges and accrued income490/1€0€15k▲
Equity and liabilities
Total equity and liabilities10/49€3.37M€3.54M▲
Equity10/15€2.87M€3.08M▲
Contributions10/11€105k€105k=
Capital10€105k€105k=
Issued capital100€105k€105k=
Reserves13€2.76M€2.97M▲
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€211k€211k=
Distributable reserves133€2.54M€2.75M▲
Profit (loss) carried forward14€932€546▼
Amounts payable17/49€498k€464k▼
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€491k€464k▼
Current portion of amounts payable after more than one year42€31k€6k▼
Trade debts44€268k€157k▼
Suppliers440/4€268k€157k▼
Taxes, remuneration and social security45€103k€92k▼
Taxes450/3€42k€41k▼
Remuneration and social security454/9€61k€52k▼
Other amounts payable47/48€89k€209k▲
Accrued charges and deferred income492/3€53€91▲
Income statement
Code20242025
Non-recurring operating income76A€0€83▲
Remuneration, social security and pensions62€435k€466k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€71k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€-3k▼
Other operating charges640/8€24k€25k▲
Non-recurring operating charges66A€833€0▼
Gross operating margin9900€936k€924k▼
Operating profit (loss)9901€355k€364k▲
Financial income75/76B€14k€105k▲
Recurring financial income75€14k€105k▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€364k€462k▲
Income taxes67/77€69k€51k▼
Profit (loss) for the period9904€295k€412k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€295k€412k▲
Appropriation of the result
Profit (loss) to be appropriated9906€295k€413k▲
Profit (loss) brought forward from the previous period14P€85€932▲
Transfer to equity691/2€214k€212k▼
To other reserves6921€214k€212k▼
Profit to be distributed694/7€80k€200k▲
Directors or managers695€80k€200k▲
Social balance
Average headcount (FTE)90876.27.4▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €534k ▲13.4%
Operating result €647k, net result €534k, both a record.
31-12
Financial
Equity above €2MEq €2.17M ▲18.2%
4 profitable years in a row build equity to €2.17M.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €191k ▼23.4%
Net result drops to €191k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Poperinge · 1 establishment unit since 1999
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.
Frankrijklaan 18970 PoperingeGround area
5,117 m²
Building footprint
3,166 m²
Volume, LiDAR
16,188 m³
Parcel 33021E0227/00L000, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEGALEC
since 19992.092.416.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0227/00L000 | Flanders | 5,117 m² | 1 · 3,166 m² | 16.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 123 EUR awarded · 123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 123 EUR | 123 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500LABK887MUB1Y53
Similar companies · same sector, comparable size
BUILDINESS
BE 0434.624.138
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ELECTROVA
BE 0435.910.872
Oudenaarde · Eq €2.19M
GERVI
BE 0450.868.371
Maasmechelen · Eq €4.99M
AVM SERVICE
BE 0884.938.918
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LABOTECH
BE 0834.301.354
Namur · Eq €1.48M
Of 407 companies in sector 95210 we hold annual accounts for 116. 32 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-1999
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.