MEGI PROJECTS
InactiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 18 filings
Turnover
≈ €280,000
Estimated: probably between €180,000 and €420,000
Total assets
€75,248▼ 61.8%
2025 · €197,208
Net result
-€24,714▲ 8.1%
2025 · -€26,892
Working capital
€58,830▲ 16.2%
2025 · €50,609
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€18,044
▲ 16.0%
2026
20192026
Net result
-€24,714
▲ 8.1%
2026
20192026
Equity
€58,830
▼ 29.6%
2026
20192026
Total assets
€75,248
▼ 61.8%
2026
20192026
Debt
€16,418
▼ 85.6%
2026
20192026
Working capital
€58,830
▲ 16.2%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€15,509-€25,202€25,498▲ 1.2%€15,552▼ 39.0%€21,309▲ 37.0%€11,987▼ 43.7%-€21,471-€18,044▲ 16.0%
Net result-€22,641-€17,823€18,887▲ 6.0%€8,000▼ 57.6%€14,000▲ 75.0%€5,000▼ 64.3%-€26,892-€24,714▲ 8.1%
Equity€67,186-€85,009▲ 26.5%€103,896▲ 22.2%€111,896▲ 7.7%€125,896▲ 12.5%€130,896▲ 4.0%€83,544▼ 36.2%€58,830▼ 29.6%
Total assets€255,241-€274,178▲ 7.4%€281,994▲ 2.9%€250,532▼ 11.2%€279,541▲ 11.6%€243,359▼ 12.9%€197,208▼ 19.0%€75,248▼ 61.8%
Debt€188,055-€189,169▲ 0.6%€178,098▼ 5.9%€138,636▼ 22.2%€153,645▲ 10.8%€112,463▼ 26.8%€113,664▲ 1.1%€16,418▼ 85.6%
Working capital€14,066-€60,696▲ 332%€66,554▲ 9.7%€59,102▼ 11.2%€79,018▲ 33.7%€80,530▲ 1.9%€50,609▼ 37.2%€58,830▲ 16.2%
The operating result for 2026 is a loss of €18,044, smaller than the loss of €21,471 in 2025.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €75,248
Equity
€58,830 ▼ 29.6%
Debt
€16,418 ▼ 85.6%
Debt's share of the balance-sheet total falls from 57.6% to 21.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€18,044▼
2025 · -€11,056
Cash flow
-€24,714▼
2025 · -€16,476
Current ratio
4.58▲
2025 · 3.55
Debt to equity
0.28▼
2025 · 1.36
ROE
-42.0%▼
2025 · -32.2%
ROA
-32.8%▼
2025 · -13.6%
Interest coverage
-2.71▼
2025 · -2.19
Debt ≤ 1 year
€16,418▼
2025 · €19,845
Debt > 1 year
€0▼
2025 · €93,819
Income taxes
€0▼
2025 · €372
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €118,876 | €3,268 | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €22,673 | €23,525 | €10,645 | €10,416 | €0 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,759 | €1,935 | €567 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,164 | €21,397 | €21,385 | €22,673 | €23,525 | €10,645 | €10,416 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €4,189 | €1,839 | €1,478 | €1,065 | €1,098 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €126,755 | - |
| Gross operating margin9900 | €7,746 | €47,554 | €47,954 | €45,173 | €48,607 | €24,677 | -€9,991 | €109,809 | - |
| Operating profit (loss)9901 | -€15,509 | €25,202 | €25,498 | €15,552 | €21,309 | €11,987 | -€21,471 | -€18,044 | ▲ 16.0% |
| Financial income75/76B | - | - | - | €1,437 | €2,283 | - | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €52 | - | €13 | €1,437 | €2,283 | - | €2 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €5,747 | €5,415 | €4,397 | €5,050 | €6,670 | ▲ 32.1% |
| Recurring financial charges65 | €7,184 | €7,378 | €6,306 | €5,747 | €5,415 | €4,397 | €5,050 | €6,670 | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | -€22,641 | €17,823 | €19,205 | €11,243 | €18,177 | €7,590 | -€26,519 | -€24,714 | ▲ 6.8% |
| Income taxes67/77 | - | - | €318 | €3,243 | €4,177 | €2,590 | €372 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€22,641 | €17,823 | €18,887 | €8,000 | €14,000 | €5,000 | -€26,892 | -€24,714 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | -€22,641 | €17,823 | €18,887 | €8,000 | €14,000 | €5,000 | -€26,892 | -€24,714 | ▲ 8.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €255,241 | €274,178 | €281,994 | €250,532 | €279,541 | €243,359 | €197,208 | €75,248 | ▼ 61.8% |
| Fixed assets21/28 | €234,618 | €213,221 | €201,464 | €188,993 | €168,736 | €158,420 | €126,755 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €213,368 | €191,971 | €180,214 | €167,743 | €147,486 | €137,170 | €126,755 | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €130,358 | €126,263 | €122,167 | €118,072 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €2,387 | €1,681 | €1,266 | €587 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €13,620 | €10,206 | €7,069 | €4,096 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €21,378 | €9,337 | €6,668 | €4,000 | €0 | ▼ 100% |
| Financial fixed assets28 | €21,250 | €21,250 | €21,250 | €21,250 | €21,250 | €21,250 | - | - | - |
| Current assets29/58 | €20,623 | €60,957 | €80,530 | €61,538 | €110,805 | €84,939 | €70,454 | €75,248 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €7,838 | €18,356 | €33,477 | €16,805 | €84,859 | €54,374 | €35,018 | €10,906 | ▼ 68.9% |
| Trade receivables40 | - | - | - | - | €73,478 | €37,165 | €16,931 | €6,468 | ▼ 61.8% |
| Other amounts receivable41 | - | - | - | €16,805 | €11,382 | €17,209 | €18,087 | €4,438 | ▼ 75.5% |
| Cash at bank and in hand54/58 | €12,784 | €42,601 | €47,052 | €40,245 | €25,946 | €30,564 | €35,436 | €64,342 | ▲ 81.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4,489 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €255,241 | €274,178 | €281,994 | €250,532 | €279,541 | €243,359 | €197,208 | €75,248 | ▼ 61.8% |
| Equity10/15 | €67,186 | €85,009 | €103,896 | €111,896 | €125,896 | €130,896 | €83,544 | €58,830 | ▼ 29.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €82,046 | €82,046 | €85,296 | €93,296 | €107,296 | €112,296 | €110,436 | €65,250 | ▼ 40.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €91,436 | €105,436 | €110,436 | €110,436 | €65,250 | ▼ 40.9% |
| Profit (loss) carried forward14 | -€33,460 | -€15,637 | - | - | - | - | -€26,892 | -€6,420 | ▲ 76.1% |
| Amounts payable17/49 | €188,055 | €189,169 | €178,098 | €138,636 | €153,645 | €112,463 | €113,664 | €16,418 | ▼ 85.6% |
| Amounts payable after more than one year17 | €181,498 | €188,907 | €164,122 | €136,199 | €121,858 | €108,055 | €93,819 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €136,199 | €121,858 | €108,055 | €93,819 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €6,557 | €262 | €13,976 | €2,437 | €31,787 | €4,408 | €19,845 | €16,418 | ▼ 17.3% |
| Trade debts44 | - | - | €13,976 | €1,578 | €28,093 | €2,893 | €3,262 | €5,556 | ▲ 70.4% |
| Suppliers440/4 | - | - | - | €1,578 | €28,093 | €2,893 | €3,262 | €5,556 | ▲ 70.4% |
| Taxes, remuneration and social security45 | - | - | - | €859 | €2,576 | - | - | - | - |
| Taxes450/3 | - | - | - | - | €2,576 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €859 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €1,118 | €1,515 | €16,583 | €10,862 | ▼ 34.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,641 | €17,823 | €18,887 | €8,000 | €14,000 | €5,000 | -€26,892 | -€24,714 | ▲ 8.1% |
| + Depreciation and write-downs630 | €22,164 | €21,397 | €21,385 | €22,673 | €23,525 | €10,645 | €10,416 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€477 | €39,221 | €40,272 | €30,673 | €37,525 | €15,645 | -€16,476 | -€24,714 | ▼ 50.0% |
| Investment in fixed assets (approximation) | - | €0 | -€9,628 | -€10,203 | -€3,268 | -€329 | €21,250 | €126,755 | ▲ 496% |
| Change in cash | - | €29,816 | €4,451 | -€6,808 | -€14,299 | €4,618 | €4,872 | €28,906 | ▲ 493% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570384 | |
| 31-03-2025 | micro format | 17-10-2025 | 2025-00544361 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00525376 | |
| 31-03-2023 | micro format | 21-09-2023 | 2023-00451983 | |
| 31-03-2022 | micro format | 10-11-2022 | 2022-20520194 | |
| 31-03-2021 | micro format | 27-10-2021 | 2021-73800388 | |
| 31-03-2020 | micro format | 28-10-2020 | 2020-64400526 | |
| 31-03-2019 | abbreviated format | 25-09-2019 | 2019-65900215 | |
| 31-03-2018 | abbreviated format | 28-09-2018 | 2018-67500420 | |
| 31-03-2017 | abbreviated format | 28-10-2017 | 2017-68300580 |