MeGi Projects
ActiveMeGi Projects has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-27k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-62
Solvency67▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 19.27 in 2024; short-term debt: 10.1% and cash: 18% of total assets), but 57.6% 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+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 · 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 2025Solvency, return and age of the figures
Solvency
42.4%
Return on assets
-13.6%
Age of the figures
18 mo
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-10-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
on the day
2023
40 d early
2022
10 d late
2021
4 d early
2020
3 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 36.2%
2024 · €131k
2019: €67k
2020: €85k
2021: €104k
2022: €112k
2023: €126k
2024: €131k
2019 → 2025
Total assets
€197k▼ 19.0%
2024 · €243k
2019: €255k
2020: €274k
2021: €282k
2022: €251k
2023: €280k
2024: €243k
2019 → 2025
Net result
€-27k
2024 · €5k
2019: €-23k
2020: €18k
2021: €19k
2022: €8k
2023: €14k
2024: €5k
2019 → 2025
Working capital
€51k▼ 37.2%
2024 · €81k
2019: €14k
2020: €61k
2021: €67k
2022: €59k
2023: €79k
2024: €81k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€112k▲ 7.7%€126k▲ 12.5%€131k▲ 4.0%€84k▼ 36.2%
Operating result€25k-€16k▼ 39.0%€21k▲ 37.0%€12k▼ 43.7%€-21k
Net result€19k-€8k▼ 57.6%€14k▲ 75.0%€5k▼ 64.3%€-27k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€127k▼ 20.0%
Current assets
€70k▼ 17.1%
Equity and liabilities €197k
Equity
€84k▼ 36.2%
Debt
€114k▲ 1.1%
The debt ratio rises from 46.2% to 57.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €23k
Cash flow
€-16k▼
2024 · €16k
Solvency
42.4%▼
2024 · 53.8%
Current ratio
3.55▼
2024 · 19.27
Quick ratio
3.55▼
2024 · 19.27
Debt / equity
1.36▲
2024 · 0.86
ROE
-32.2%▼
2024 · 3.8%
ROA
-13.6%▼
2024 · 2.1%
Interest coverage
-2.19▼
2024 · 5.15
Debt
€114k▲
2024 · €112k
Debt ≤ 1 year
€20k▲
2024 · €4k
Debt > 1 year
€94k▼
2024 · €108k
Income taxes
€372▼
2024 · €3k
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€243k€197k▼
Fixed assets21/28€158k€127k▼
Tangible fixed assets22/27€137k€127k▼
Land and buildings22€122k€118k▼
Plant, machinery and equipment23€1k€587▼
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€7k€4k▼
Financial fixed assets28€21k-
Current assets29/58€85k€70k▼
Amounts receivable within one year40/41€54k€35k▼
Trade receivables40€37k€17k▼
Other amounts receivable41€17k€18k▲
Cash at bank and in hand54/58€31k€35k▲
Equity and liabilities
Total equity and liabilities10/49€243k€197k▼
Equity10/15€131k€84k▼
Contributions10/11€19k-
Reserves13€112k€110k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€110k€110k=
Profit (loss) carried forward14-€-27k
Amounts payable17/49€112k€114k▲
Amounts payable after more than one year17€108k€94k▼
Financial debts170/4€108k€94k▼
Amounts payable within one year42/48€4k€20k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Other amounts payable47/48€2k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€567-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€25k€-10k▼
Operating profit (loss)9901€12k€-21k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€8k€-27k▼
Income taxes67/77€3k€372▼
Profit (loss) for the period9904€5k€-27k▼
Profit (loss) for the period to be appropriated9905€5k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-27k▼
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (10 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
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-27k ▼638%
Net result drops to €-27k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 6current ratio 19.27
Current ratio from 3.49 to 19.27; short-term debt falls from €32k to €4k.
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
31-03
Financial
Liquidity quadruplescurrent ratio 25.25
Current ratio from 5.76 to 25.25; short-term debt falls from €14k to €2k.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €19k ▲6%
Operating result €25k, net result €19k, both a record.
31-03
Financial
Equity above €100kEq €104k ▲22.2%
2 profitable years in a row build equity to €104k.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-03
Financial
Liquidity times 74current ratio 233.03
Current ratio from 3.15 to 233.03; short-term debt falls from €7k to €262.
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tienen · 1 establishment unit since 2008
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.
Aarschotsesteenweg(VSN) 7123300 TienenGround area
2,199 m²
Building footprint
565 m²
Volume, LiDAR
2,810 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MeGi Projects
since 20082.178.233.780
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24113D0223/00N000 | Flanders | 1,345 m² | 1 · 247 m² | 8.2 m · 2 fl. |
| 24063B0282/00R000 | Flanders | 854 m² | 1 · 318 m² | 9.9 m · 1 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.
Similar companies · same sector, comparable size
OTC DIFFUSION
BE 0543.325.110
Sint-Gillis (bij-Brussel) · Eq €84k
BERTIER
BE 0421.861.116
Pajottegem · Eq €83k
TTC management
BE 0539.922.190
Dilbeek · Eq €84k
GLOBALTHERM
BE 0501.677.268
Bièvre · Eq €85k
CINKO INVEST
BE 0540.963.753
Evere · Eq €82k
Of 1,745 companies in sector 46150 we hold annual accounts for 757. 596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2007
Fiscal year end31-03
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.