Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 15.7 to 14.
Financials
Financial year 2025
MEG from Nieuwerkerken (Limb.), company number BE0448992610, closed financial year 2025 with a result of € 10,350 after tax. For that financial year MEG recorded a gross margin of € 836,010 and equity of € 499,684. Compared with financial year 2024, the result moved from € 1,901 to € 10,350. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 499,684
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,350
▲ € 8,449 vs 2024
Profit after tax over the fiscal year.
€ 6,462
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 349,684.
People and assets in 2025
14
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 591,127
▼ 27% vs 2024
€ 42,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 659,775
▼ 1% vs 2024
Of which on lease € 397,735.
Debts at end 2025
€ 698,153
▼ 5% vs 2024
€ 164,817 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 484,836
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 134,787
▲ 93% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 995,726 | € 1,041,256 | € 1,034,288 | € 836,010 | ▼ 19% |
| Profit after taxes | € 73,837 | € 2,995 | € 1,901 | € 10,350 | ▲ € 8,449 |
| Equity | € 505,827 | € 490,689 | € 489,333 | € 499,684 | ▲ 2% |
| Total debts | € 1,587,787 | € 1,563,427 | € 1,607,375 | € 1,756,760 | ▲ 9% |
| Cash | € 99,527 | € 132,146 | € 91,795 | € 6,462 | ▼ 93% |
| Land & buildings | € 11,316 | € 44,773 | € 51,139 | € 47,167 | ▼ 8% |
| Retained profit | € 355,827 | € 340,689 | € 339,333 | € 349,684 | ▲ 3% |
| Dividend | € 0 | € 18,134 | € 3,256 | € 0 | ▼ 100% |
| Bank debt | € 923,713 | € 875,034 | € 734,496 | € 698,153 | ▼ 5% |
| Balance sheet total | € 2,093,614 | € 2,054,116 | € 2,096,708 | € 2,256,444 | ▲ 8% |
| Employees (FTE) | 17.2 | 15.7 | 14.8 | 14 | ▼ 0.8 |
Key figures of MEG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MEG?
What happened at MEG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,350 (▲ € 8,449 vs 2024). Source: NBB ↗
- New establishment in Nieuwerkerken (Limb.). KBO
- Start of the company according to the CBE. KBO
In short
From € 73,837 profit in 2022 to € 10,350 profit in 2025.
Paid € 12,350 in corporate taxes since 2022.
Best year ever: 2022, with € 73,837 profit.
On average € 59,700 of value added per employee in 2025.
Management
The stake of BBS Beheer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MEGBehind MEG is Stijn Bogaerts. The shares are held by BBS Beheer (98.4%).
Directors
According to the 2025 annual accounts
Shareholders
98.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rozenbosstraat 88
3850 Nieuwerkerken (Limb.)
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.992.610
- VAT number
- BE 0448.992.610
- Registered office
- Rozenbosstraat 88, 3850 Nieuwerkerken (Limb.)
- Names & denominations
- MEG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1992
- Peppol
- Active · Active since 30 Jan 2025
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