MEGNIL
ActiveSummary
MEGNIL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-219k) and a net result of €-44k. Equity is shrinking by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+3
Solvency21▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.86 in 2024; short-term debt: 90.5% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-4.3%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-219k
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
281 d late
2023
61 d late
2022
129 d late
2021
107 d late
2020
122 d late
2019
144 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-219k▼ 24.8%
2024 · €-175k
2018: €172k
2019: €185k▲ +7.5% vs 2018highest in 8 years
2020: €185k● 0.0% vs 2019highest in 8 years
2021: €44k▼ -76.5% vs 2020
2022: €-10k▼ -123% vs 2021
2023: €-97k▼ -883% vs 2022
2024: €-175k▼ -81.2% vs 2023
2025: €-219k▼ -24.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€5.05M▲ 0.4%
2024 · €5.03M
2018: €4.60M
2019: €4.53M▼ -1.5% vs 2018lowest in 8 years
2020: €4.74M▲ +4.6% vs 2019
2021: €4.62M▼ -2.4% vs 2020
2022: €4.80M▲ +3.7% vs 2021
2023: €4.55M▼ -5.2% vs 2022
2024: €5.03M▲ +10.6% vs 2023
2025: €5.05M▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Net result
€-44k▲ 44.6%
2024 · €-79k
2018: €14khighest in 8 years
2019: €14k● 0.0% vs 2018highest in 8 years
2020: €-104k▼ -862% vs 2019lowest in 8 years
2021: €-38k▲ +63.4% vs 2020
2022: €-53k▼ -40.7% vs 2021
2023: €-87k▼ -62.9% vs 2022
2024: €-79k▲ +9.6% vs 2023
2025: €-44k▲ +44.6% vs 2024
2018 → 2025
Working capital
€-839k▼ 39.4%
2024 · €-602k
2018: €-821k
2019: €-759k▲ +7.5% vs 2018
2020: €-33k▲ +95.7% vs 2019
2021: €-79k▼ -141% vs 2020
2022: €-13k▲ +83.3% vs 2021highest in 8 years
2023: €-233k▼ -1671% vs 2022
2024: €-602k▼ -159% vs 2023
2025: €-839k▼ -39.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€-10k€-97k▼ 883%€-175k▼ 81.2%€-219k▼ 24.8%
2021: €44khighest in 5 years
2022: €-10k▼ -123% vs 2021
2023: €-97k▼ -883% vs 2022
2024: €-175k▼ -81.2% vs 2023
2025: €-219k▼ -24.8% vs 2024lowest in 5 years
Operating result€57k-€35k▼ 39.0%€36k▲ 2.8%€59k▲ 63.6%€90k▲ 53.3%
2021: €57k
2022: €35k▼ -39.0% vs 2021lowest in 5 years
2023: €36k▲ +2.8% vs 2022
2024: €59k▲ +63.6% vs 2023
2025: €90k▲ +53.3% vs 2024highest in 5 years
Net result€-38k-€-53k▼ 40.7%€-87k▼ 62.9%€-79k▲ 9.6%€-44k▲ 44.6%
2021: €-38khighest in 5 years
2022: €-53k▼ -40.7% vs 2021
2023: €-87k▼ -62.9% vs 2022lowest in 5 years
2024: €-79k▲ +9.6% vs 2023
2025: €-44k▲ +44.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.05M
Fixed assets
€1.32M ▼ 7.5%
Current assets
€3.73M ▲ 3.6%
Key figures and ratios
EBITDA
€198k▲
2024 · €179k
Cash flow
€64k▲
2024 · €41k
Solvency
-4.3%▼
2024 · -3.5%
Current ratio
0.82▼
2024 · 0.86
Quick ratio
0.59▼
2024 · 0.67
Debt to equity
-24.09▲
2024 · -29.70
ROA
-0.9%▲
2024 · -1.6%
Interest coverage
1.23▲
2024 · 0.94
Debt
€5.27M▲
2024 · €5.21M
Debt ≤ 1 year
€4.57M▲
2024 · €4.20M
Debt > 1 year
€668k▼
2024 · €963k
Income taxes
€9k▲
2024 · €0
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.03M€5.05M▲
Fixed assets21/28€1.43M€1.32M▼
Tangible fixed assets22/27€1.20M€1.09M▼
Land and buildings22€1.20M€1.09M▼
Financial fixed assets28€233k€233k=
Current assets29/58€3.60M€3.73M▲
Stocks and contracts in progress3€771k€1.03M▲
Stocks30/36€741k€1.00M▲
Contracts in progress37€30k€30k=
Amounts receivable within one year40/41€2.78M€2.66M▼
Trade receivables40€52k€73k▲
Other amounts receivable41€2.73M€2.58M▼
Current investments50/53€37k€37k=
Cash at bank and in hand54/58€12k€4k▼
Deferred charges and accrued income490/1€683€0▼
Equity and liabilities
Total equity and liabilities10/49€5.03M€5.05M▲
Equity10/15€-175k€-219k▼
Contributions10/11€6k€6k=
Reserves13€618k€541k▼
Tax-exempt reserves132€616k€539k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-799k€-766k▲
Amounts payable17/49€5.21M€5.27M▲
Amounts payable after more than one year17€963k€668k▼
Financial debts170/4€951k€656k▼
Other amounts payable178/9€13k€13k=
Amounts payable within one year42/48€4.20M€4.57M▲
Current portion of amounts payable after more than one year42€258k€243k▼
Financial debts43€1.46M€1.46M=
Credit institutions430/8€1.46M€1.46M=
Trade debts44€83k€73k▼
Suppliers440/4€83k€73k▼
Taxes, remuneration and social security45€363€9k▲
Taxes450/3€363€9k▲
Other amounts payable47/48€2.41M€2.79M▲
Accrued charges and deferred income492/3€39k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€108k▼
Other operating charges640/8€73k€88k▲
Gross operating margin9900€252k€286k▲
Operating profit (loss)9901€59k€90k▲
Financial income75/76B€53k€35k▼
Recurring financial income75€53k€35k▼
Financial charges65/66B€190k€161k▼
Recurring financial charges65€190k€161k▼
Profit (loss) for the period before taxes9903€-79k€-35k▲
Income taxes67/77€0€9k▲
Profit (loss) for the period9904€-79k€-44k▲
Transfer from tax-exempt reserves789€77k€77k=
Profit (loss) for the period to be appropriated9905€-2k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-799k€-766k▲
Profit (loss) brought forward from the previous period14P€-798k€-799k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €800 | €54 | €400 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €174k | €161k | €144k | €120k | €108k | ▼ 10.1% |
| Other operating charges640/8 | €50k | €52k | €66k | €73k | €88k | ▲ 20.0% |
| Gross operating margin9900 | €282k | €249k | €246k | €252k | €286k | ▲ 13.4% |
| Operating profit (loss)9901 | €57k | €35k | €36k | €59k | €90k | ▲ 53.3% |
| Financial income75/76B | €10k | €10k | €65k | €53k | €35k | ▼ 33.0% |
| Recurring financial income75 | €10k | €10k | €65k | €53k | €35k | ▼ 33.0% |
| Financial charges65/66B | €88k | €83k | €176k | €190k | €161k | ▼ 15.6% |
| Recurring financial charges65 | €88k | €83k | €176k | €190k | €161k | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €-21k | €-38k | €-75k | €-79k | €-35k | ▲ 55.5% |
| Income taxes67/77 | €17k | €15k | €12k | €0 | €9k | - |
| Profit (loss) for the period9904 | €-38k | €-53k | €-87k | €-79k | €-44k | ▲ 44.6% |
| Transfer from tax-exempt reserves789 | €95k | €95k | €95k | €77k | €77k | = |
| Profit (loss) for the period to be appropriated9905 | €57k | €41k | €8k | €-2k | €33k | ▲ 1,972% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.62M | €4.80M | €4.55M | €5.03M | €5.05M | ▲ 0.4% |
| Fixed assets21/28 | €1.85M | €1.69M | €1.54M | €1.43M | €1.32M | ▼ 7.5% |
| Tangible fixed assets22/27 | €1.62M | €1.45M | €1.31M | €1.20M | €1.09M | ▼ 9.0% |
| Land and buildings22 | €1.61M | €1.45M | €1.31M | €1.20M | €1.09M | ▼ 9.0% |
| Plant, machinery and equipment23 | €847 | - | - | - | - | - |
| Financial fixed assets28 | €233k | €233k | €233k | €233k | €233k | = |
| Current assets29/58 | €2.77M | €3.11M | €3.01M | €3.60M | €3.73M | ▲ 3.6% |
| Stocks and contracts in progress3 | €30k | €30k | €30k | €771k | €1.03M | ▲ 33.8% |
| Stocks30/36 | - | - | - | €741k | €1.00M | ▲ 35.2% |
| Contracts in progress37 | €30k | €30k | €30k | €30k | €30k | = |
| Amounts receivable within one year40/41 | €2.63M | €3.03M | €2.92M | €2.78M | €2.66M | ▼ 4.4% |
| Trade receivables40 | €66k | €92k | €122k | €52k | €73k | ▲ 41.1% |
| Other amounts receivable41 | €2.57M | €2.94M | €2.80M | €2.73M | €2.58M | ▼ 5.3% |
| Current investments50/53 | €37k | €37k | €37k | €37k | €37k | = |
| Cash at bank and in hand54/58 | €65k | €10k | €18k | €12k | €4k | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €8k | €3k | €673 | €683 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.62M | €4.80M | €4.55M | €5.03M | €5.05M | ▲ 0.4% |
| Equity10/15 | €44k | €-10k | €-97k | €-175k | €-219k | ▼ 24.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €884k | €790k | €695k | €618k | €541k | ▼ 12.4% |
| Tax-exempt reserves132 | €883k | €788k | €693k | €616k | €539k | ▼ 12.5% |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-847k | €-806k | €-798k | €-799k | €-766k | ▲ 4.2% |
| Amounts payable17/49 | €4.58M | €4.81M | €4.65M | €5.21M | €5.27M | ▲ 1.2% |
| Amounts payable after more than one year17 | €1.66M | €1.59M | €1.29M | €963k | €668k | ▼ 30.6% |
| Financial debts170/4 | €1.62M | €1.56M | €1.26M | €951k | €656k | ▼ 31.0% |
| Other amounts payable178/9 | €41k | €37k | €37k | €13k | €13k | = |
| Amounts payable within one year42/48 | €2.85M | €3.12M | €3.24M | €4.20M | €4.57M | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | €270k | €261k | €258k | €258k | €243k | ▼ 5.7% |
| Financial debts43 | €1.46M | €1.46M | €1.46M | €1.46M | €1.46M | = |
| Credit institutions430/8 | €1.46M | €1.46M | €1.46M | €1.46M | €1.46M | = |
| Trade debts44 | €55k | €96k | €140k | €83k | €73k | ▼ 11.1% |
| Suppliers440/4 | €55k | €96k | €140k | €83k | €73k | ▼ 11.1% |
| Taxes, remuneration and social security45 | €23k | €40k | €39k | €363 | €9k | ▲ 2,354% |
| Taxes450/3 | €23k | €40k | €39k | €363 | €9k | ▲ 2,354% |
| Other amounts payable47/48 | €1.05M | €1.27M | €1.35M | €2.41M | €2.79M | ▲ 15.8% |
| Accrued charges and deferred income492/3 | €69k | €89k | €113k | €39k | €33k | ▼ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €-53k | €-87k | €-79k | €-44k | ▲ 44.6% |
| + Depreciation and write-downs630 | €174k | €161k | €144k | €120k | €108k | ▼ 10.1% |
| Operating cash flow (approximation) | €136k | €108k | €57k | €41k | €64k | ▲ 55.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-6k | €0 | ▲ 100% |
| Change in cash | - | €-54k | €8k | €-6k | €-8k | ▼ 30.4% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 281 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 129 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 107 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 144 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 120 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Harelbeke · 1 establishment unit since 1998
Ground area
1,972 m²
Building footprint
131 m²
Volume, LiDAR
1,449 m³
Parcel 34013A0203/00C005, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
MEGNIL
since 19982.054.029.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A0203/00C005 | Flanders | 1,972 m² | 1 · 130 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,300 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.