MEGENS
InactiveMEGENS was declared bankrupt on 30-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 18-06-2024, published in the Belgian State Gazette on 24-06-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-09-2022, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
58 d late
2020
60 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 54 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€305,299▲ 8.1%
2020 · €282,334
Total assets
€341,291▲ 3.6%
2020 · €329,377
Net result
€22,964▼ 49.3%
2020 · €45,254
Working capital
€305,299▲ 8.2%
2020 · €282,223
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
Line2018201920202021
Operating result€26,051-€54,973▲ 111%€34,545▼ 37.2%€12,842▼ 62.8%
Net result€28,642-€50,181▲ 75.2%€45,254▼ 9.8%€22,964▼ 49.3%
Equity€186,899-€237,080▲ 26.8%€282,334▲ 19.1%€305,299▲ 8.1%
Total assets€234,608-€280,267▲ 19.5%€329,377▲ 17.5%€341,291▲ 3.6%
Debt€47,709-€43,187▼ 9.5%€47,043▲ 8.9%€35,993▼ 23.5%
Working capital€182,633-€234,892▲ 28.6%€282,223▲ 20.2%€305,299▲ 8.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 63% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €341,291
Equity
€305,299 ▲ 8.1%
Debt
€35,993 ▼ 23.5%
Debt's share of the balance-sheet total falls from 14.3% to 10.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,953▼
2020 · €36,622
Cash flow
€23,075▼
2020 · €47,332
Current ratio
9.48▲
2020 · 7.00
Debt to equity
0.12
ROE
7.5%▼
2020 · 16.0%
ROA
6.7%▼
2020 · 13.7%
Interest coverage
107.29
Debt ≤ 1 year
€35,993▼
2020 · €47,043
Income taxes
€10,376▼
2020 · €18,293
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,289 | €2,078 | €2,078 | €111 | ▼ 94.7% |
| Other operating charges640/8 | - | - | - | €733 | - |
| Gross operating margin9900 | €29,002 | €57,840 | €37,272 | €13,685 | ▼ 63.3% |
| Operating profit (loss)9901 | €26,051 | €54,973 | €34,545 | €12,842 | ▼ 62.8% |
| Financial income75/76B | - | - | - | €20,619 | - |
| Recurring financial income75 | €19,141 | €20,869 | €29,032 | €20,619 | ▼ 29.0% |
| Financial charges65/66B | - | - | - | €121 | - |
| Recurring financial charges65 | €944 | €50 | €30 | €121 | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €44,248 | €75,793 | €63,547 | €33,340 | ▼ 47.5% |
| Income taxes67/77 | €15,606 | €25,611 | €18,293 | €10,376 | ▼ 43.3% |
| Profit (loss) for the period9904 | €28,642 | €50,181 | €45,254 | €22,964 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | €28,642 | €50,181 | €45,254 | €22,964 | ▼ 49.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €234,608 | €280,267 | €329,377 | €341,291 | ▲ 3.6% |
| Fixed assets21/28 | €4,266 | €2,189 | €111 | - | - |
| Tangible fixed assets22/27 | €4,266 | €2,189 | €111 | - | - |
| Current assets29/58 | €230,342 | €278,079 | €329,266 | €341,291 | ▲ 3.7% |
| Amounts receivable within one year40/41 | €229,110 | €268,903 | €321,191 | €341,073 | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | €341,073 | - |
| Cash at bank and in hand54/58 | €1,232 | €9,175 | €8,075 | €218 | ▼ 97.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €234,608 | €280,267 | €329,377 | €341,291 | ▲ 3.6% |
| Equity10/15 | €186,899 | €237,080 | €282,334 | €305,299 | ▲ 8.1% |
| Contributions10/11 | €6,217 | €6,217 | - | €6,217 | - |
| Reserves13 | €1,860 | €1,860 | - | €1,860 | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €178,822 | €229,004 | €274,258 | €297,222 | ▲ 8.4% |
| Amounts payable17/49 | €47,709 | €43,187 | €47,043 | €35,993 | ▼ 23.5% |
| Amounts payable within one year42/48 | €47,709 | €43,187 | €47,043 | €35,993 | ▼ 23.5% |
| Trade debts44 | €9,175 | €1,099 | €2,975 | €2,421 | ▼ 18.6% |
| Suppliers440/4 | - | - | - | €2,421 | - |
| Taxes, remuneration and social security45 | - | - | - | €33,571 | - |
| Taxes450/3 | - | - | - | €33,571 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,642 | €50,181 | €45,254 | €22,964 | ▼ 49.3% |
| + Depreciation and write-downs630 | €2,289 | €2,078 | €2,078 | €111 | ▼ 94.7% |
| Operating cash flow (approximation) | €30,930 | €52,259 | €47,332 | €23,075 | ▼ 51.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | €7,944 | -€1,101 | -€7,857 | ▼ 614% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
24-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 18-06-2024
2023
05-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 30-05-2023
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
31-12
Financial
Weakest financial yearnet €22,964 ▼49.3%
Net result drops to €22,964, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
31-12
Financial
Highest result since 2018net €50,181 ▲75.2%
Operating result €54,973, net result €50,181, both a record.
31-12
Financial
Equity above €200,000Eq €237,080 ▲26.8%
2 profitable years in a row build equity to €237,080.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 45 days late
Show earlier events
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
11-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARK BRUURS ALPHENSEWEG 12, 2387 BAARLE-
HERTOG |
30-05-2023 → 18-06-2024 |