Megaton
ActiveSummary
Megaton has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.86M and a net result of €1.62M. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+3
Solvency66▲+7
Growth64▼-3
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.01 in 2024; short-term debt: 48% and cash: 6.4% of total assets), and 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
41.2%
Return on assets
7.5%
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 23
Relative position
BE, all sectors
reference
Sector 23
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d early
2023
7 d early
2022
14 d early
2021
17 d early
2020
82 d late
2019
4 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€34.45M▼ 13.5%
2024 · €39.82M
2018: €31.23M
2019: €35.49M
2020: €37.28M
2021: €41.34M
2022: €40.81M
2023: €53.26M
2024: €39.82M
2018 → 2025
EBIT margin
6.2%▲ 0.9pp
2024 · 5.3%
2018: 1.6%
2019: 2.4%
2020: 2.5%
2021: 3.9%
2022: 3.2%
2023: 5.6%
2024: 5.3%
2018 → 2025
Net result
€1.62M▲ 7.9%
2024 · €1.50M
2018: €377k
2019: €759k
2020: €856k
2021: €3.88M
2022: €935k
2023: €6.16M
2024: €1.50M
2018 → 2025
Working capital
€2.78M▲ 1,593%
2024 · €164k
2018: €2.14M
2019: €3.27M
2020: €817k
2021: €2.27M
2022: €4.90M
2023: €1.08M
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€41.34M-€40.81M▼ 1.3%€53.26M▲ 30.5%€39.82M▼ 25.2%€34.45M▼ 13.5%
Equity€7.50M-€8.44M▲ 12.5%€6.74M▼ 20.1%€7.24M▲ 7.5%€8.86M▲ 22.4%
Operating result€1.63M-€1.29M▼ 20.8%€3.00M▲ 132%€2.09M▼ 30.2%€2.12M▲ 1.2%
Net result€3.88M-€935k▼ 75.9%€6.16M▲ 559%€1.50M▼ 75.6%€1.62M▲ 7.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.54M
Fixed assets
€8.43M ▼ 8.3%
Current assets
€13.11M ▲ 5.9%
Equity and liabilities €21.54M
Equity
€8.86M ▲ 22.4%
Debt
€12.67M ▼ 11.5%
Debt's share of the balance-sheet total falls from 66.4% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.07M▲
2024 · €2.75M
Cash flow
€2.57M▲
2024 · €2.15M
Current ratio
1.27▲
2024 · 1.01
Quick ratio
0.94▲
2024 · 0.85
Debt to equity
1.43▼
2024 · 1.98
ROE
18.3%▼
2024 · 20.7%
ROA
7.5%▲
2024 · 7.0%
Interest coverage
56.94▲
2024 · 38.37
Debt ≤ 1 year
€10.33M▼
2024 · €12.22M
Debt > 1 year
€2.34M▲
2024 · €2.09M
Income taxes
€441k▼
2024 · €516k
Staff costs
€3.49M▲
2024 · €3.43M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.56M€21.54M▼
Fixed assets21/28€9.19M€8.43M▼
Tangible fixed assets22/27€7.78M€7.66M▼
Land and buildings22€6.68M€6.32M▼
Plant, machinery and equipment23€524k€789k▲
Furniture and vehicles24€573k€549k▼
Financial fixed assets28€1.41M€764k▼
Affiliated companies280/1€1.41M€764k▼
Participating interests280€662k€762k▲
Amounts receivable281€745k€2k▼
Current assets29/58€12.38M€13.11M▲
Stocks and contracts in progress3€2.05M€3.44M▲
Stocks30/36€2.05M€3.44M▲
Raw materials and consumables30/31€1.30M€1.54M▲
Finished goods33€752k€1.90M▲
Amounts receivable within one year40/41€9.21M€8.27M▼
Trade receivables40€8.96M€8.03M▼
Other amounts receivable41€252k€236k▼
Cash at bank and in hand54/58€1.12M€1.38M▲
Deferred charges and accrued income490/1€0€23k▲
Equity and liabilities
Total equity and liabilities10/49€21.56M€21.54M▼
Equity10/15€7.24M€8.86M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€7.18M€8.80M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€25k€25k=
Distributable reserves133€7.15M€8.77M▲
Profit (loss) carried forward14€250€836▲
Amounts payable17/49€14.32M€12.67M▼
Amounts payable after more than one year17€2.09M€2.34M▲
Financial debts170/4€2.02M€1.48M▼
Credit institutions173€2.02M€1.48M▼
Other amounts payable178/9€70k€855k▲
Amounts payable within one year42/48€12.22M€10.33M▼
Current portion of amounts payable after more than one year42€662k€537k▼
Trade debts44€9.78M€9.11M▼
Suppliers440/4€9.78M€9.11M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€742k€659k▼
Taxes450/3€207k€167k▼
Remuneration and social security454/9€535k€492k▼
Other amounts payable47/48€1.04M€32k▼
Accrued charges and deferred income492/3€16k€3k▼
Income statement
Code20242025
Operating income70/76A€40.68M€36.00M▼
Turnover70€39.82M€34.45M▼
Change in stocks of work in progress, finished goods and contracts in progress71€339k€1.15M▲
Other operating income74€522k€403k▼
Non-recurring operating income76A€5k€5k▼
Operating charges60/66A€38.59M€33.88M▼
Goods for resale, raw materials and consumables60€28.49M€24.87M▼
Purchases600/8€28.69M€25.11M▼
Change in stocks: decrease (increase)609€-198k€-248k▼
Services and other goods61€5.61M€4.37M▼
Remuneration, social security and pensions62€3.43M€3.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€652k€952k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€34k
Other operating charges640/8€400k€161k▼
Non-recurring operating charges66A-€5k
Operating profit (loss)9901€2.09M€2.12M▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Income from current assets751€0-
Other financial income752/9€2€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€75k€57k▼
Recurring financial charges65€75k€57k▼
Debt charges650€72k€54k▼
Other financial charges652/9€3k€3k▲
Profit (loss) for the period before taxes9903€2.02M€2.06M▲
Income taxes67/77€516k€441k▼
Taxes670/3€516k€441k▼
Profit (loss) for the period9904€1.50M€1.62M▲
Profit (loss) for the period to be appropriated9905€1.50M€1.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.55M€1.62M▲
Profit (loss) brought forward from the previous period14P€48k€250▼
Transfer to equity691/2€550k€1.62M▲
To the legal reserve6920€0-
To other reserves6921€550k€1.62M▲
Profit to be distributed694/7€1.00M€0▼
Return on contributions (dividend)694€1.00M€0▼
Social balance
Average headcount (FTE)908754.552.5▼
The notes to these accounts (111 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
27-08
State Gazette act
Appointment: Tom D'Hondt (day-to-day manager)Resignation: NV KOUTERMOLEN (managing director) · Permanent representative: Dennis Ingelbeen · Mandate compensation5 facts ▸
State Gazette act
Appointment: Tom D'Hondt (day-to-day manager)
Resignation: NV KOUTERMOLEN (managing director) · Permanent representative: Dennis Ingelbeen · Mandate compensation5 facts ▸
- Board meeting, 30-06-2026
- Director appointment, Tom D'Hondt (day-to-day manager)
- Mandate compensation, Tom D'Hondt
- Director resignation, NV KOUTERMOLEN (managing director)
- Permanent representative, Dennis Ingelbeen
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €6.16M ▲559%
Operating result €3.00M, net result €6.16M, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 82 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Tom D'Hondt
CurrentDay-to-day manager · since 30-06-2026
30-06-2026
Tom D'Hondt: Appointed as Day-to-day manager
30-06-2026
Koutermolen NV: Resigned as Managing director
Not every act has been read: a resignation may be missing here
18 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1966
Ground area
2.4 ha
Building footprint
1.6 ha
Parcel 41362B0334/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Nederwijk-Oost 279, 9400 Ninove
since 19662.001.154.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0334/00F000 | Flanders | 2.4 ha | 1 · 1.6 ha | - |
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
2022 to 2024 · 3 entries · 7,498 EUR awarded · 7,498 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,534 EUR | 1,534 EUR |
| 2023 | 1 | 5,112 EUR | 5,112 EUR |
| 2022 | 1 | 852 EUR | 852 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
967600D3V564WRY3QO06
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Of 400 companies in sector 23610 we hold annual accounts for 315. 168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-1965
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.