Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Shrinking team NBB
FTE fell two years in a row, from 7.7 to 2.5.
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Busy address KBO
46 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MediaNation from Gent, company number BE0464231310, closed financial year 2024 with a result of € -811,030 after tax. For that financial year MediaNation recorded revenue of € 1.1 million and equity of € 1.5 million. Compared with financial year 2023, the result moved from € -8.3 million to € -811,030. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2025.
€ 1.5 million
▲ € 21.3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -811,030
▲ 90 % less loss than in 2023
Profit after tax over the fiscal year.
€ 9,012
▼ 66% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.1 million.
People and assets in 2024
2.5
▼ 1.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 107,174
▼ 64% vs 2023
€ 42,900 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.
€ 270
▼ 85% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 237,113
▼ 99% vs 2023
Loans from banks and other lenders, long and short.
€ 288,522
▼ 78% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 951 days on average.
€ 16,557
▲ 11% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 1,050,343 | |
| Gross margin | € -87,814 | € -905,070 | € -1,811,168 | - | |
| Profit after taxes | € -2,518,992 | € -5,025,004 | € -8,284,447 | € -811,030 | ▲ € 7.5 million |
| Equity | € -6,505,105 | € -11,530,109 | € -19,814,555 | € 1,524,414 | ▲ € 21.3 million |
| Total debts | € 16,530,358 | € 19,917,684 | € 23,016,852 | € 582,092 | ▼ 97% |
| Cash | € 108,298 | € 31,044 | € 26,630 | € 9,012 | ▼ 66% |
| Retained profit | € -8,849,097 | € -13,874,101 | € -22,158,547 | € -9,093,618 | ▲ € 13.1 million |
| Bank debt | € 14,501,334 | € 18,578,600 | € 21,674,028 | € 237,113 | ▼ 99% |
| Balance sheet total | € 10,025,253 | € 8,387,575 | € 3,202,297 | € 2,106,507 | ▼ 34% |
| Employees (FTE) | 19 | 7.7 | 4 | 2.5 | ▼ 1.5 |
Key figures of MediaNation, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MediaNation?
What happened at MediaNation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Pannier stepped down as director. NBB
- Christiaan Heggerick stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 811,030. Source: NBB ↗
- Paul Gheysens stepped down as director. NBB
- Philippe Pannier became a director. NBB
- Christiaan Heggerick became a director. NBB
- Paul Gheysens became a director. NBB
- New establishment in Gent. KBO
In short
From € 2.5 million loss in 2021 to € 811,030 loss in 2024.
Paid € 2,847 in corporate taxes since 2021.
Management
The shares are held by International Real Estate Services NV (100%). It owns 100% of STRAK Services itself.
Directors
According to the 2024 annual accounts
since 2024 · until 2030
since 2024 · until 2030
Paul Gheysens
Director
Also active at: GARAGE S.O.S., BELGIAN TRADING COMPANY, ELZENWALLE, BRUSSEL LLOYD GEORGE, GOALA, CONSTRUCTION LINK, GHELAMCO EUROPEAN PROPERTY FUND, GHELAMCO PROJECTS +6 more
since 2019 · until 2025
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808 box 103
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 46 companies are registered at this address.
All companies at this address →Schaeffler Belgium
€ 21.9 million revenue · 2025
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling
€ 37.5 million revenue · 2025
Bontinck Architecture and Interior NV
€ 2.5 million revenue · 2026
Sales Management Association Belgium
KAAG Management
€ 136,551 gross margin · 2025
+41 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.231.310
- VAT number
- BE 0464.231.310
- Registered office
- Ottergemsesteenweg-Zuid 808 bus 103, 9000 Gent
- Names & denominations
- MediaNation
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1998
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Overige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software
Activiteiten van holdings
Holdings
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Activiteiten van hoofdkantoren
Overige dienstverlenende activiteiten op het gebied van informatie
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
+4