ACTIVE

MEGABEL

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Financial year 2025 · closed on 30/09/2025

Net result

64,8 k €

-10.8% YoY

Gross margin

99,2 k €

-18.5% YoY

Equity

548,3 k €

+13.4% YoY

What does MEGABEL do?

MEGABEL is a Private limited company incorporated in 1994. Its registered office is in Grâce-Hollogne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.890.813

Incorporation

07/12/1994

Legal form

Private limited company

Registered office

Rue de l'Informatique 3
4460 Grâce-Hollogne · WallonieSee on map

Contributed capital

12 395,00 €

Latest accounts

30/09/2025

Joint committees (3)

100
14904
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	99,2 k €	-18.5%	121,7 k €	+82.2%	66,8 k €	+195%	22,6 k €	-96.8%	701,3 k €	-45.7%	1,3 M €	+15.4%	1,1 M €	+1.1%	1,1 M €	+31.3%	842,4 k €	+13.6%	741,3 k €	+11.4%	665,5 k €	+22.8%	541,8 k €	-11.8%	614,6 k €	+19.2%	515,7 k €	-9.0%	566,5 k €	+44.0%	393,5 k €	-6.4%	420,6 k €	-9.5%	464,6 k €	-8.6%	508,3 k €	+36.8%	371,5 k €
EBITDA	96 k €	-5.4%	101,5 k €	+172%	37,4 k €	+151%	-72,8 k €	-129%	247,5 k €	-71.4%	865,1 k €	+18.6%	729,5 k €	+0.7%	724,3 k €	+32.3%	547,3 k €	+19.0%	460,1 k €	-0.2%	460,8 k €	+45.9%	316 k €	-16.9%	380,2 k €	+38.6%	274,3 k €	-28.7%	384,7 k €	+67.4%	229,8 k €	-19.0%	283,8 k €	+7.7%	263,6 k €	-21.4%	335,3 k €	+47.9%	226,7 k €
Operating result	88,8 k €	+14.7%	77,4 k €	+1556%	4,7 k €	+106%	-79,3 k €	-176%	103,9 k €	-82.4%	591,6 k €	+67.0%	354,2 k €	-15.6%	419,7 k €	+82.8%	229,6 k €	+16.8%	196,5 k €	-22.8%	254,6 k €	+103%	125,7 k €	-27.3%	172,8 k €	+132%	74,5 k €	-66.9%	225,2 k €	+256%	63,4 k €	-43.6%	112,2 k €	-11.2%	126,4 k €	-39.5%	209 k €	+94.9%	107,2 k €
Net result	64,8 k €	-10.8%	72,6 k €	+1415%	4,8 k €	+106%	-77,6 k €	-224%	62,5 k €	-85.8%	440,8 k €	+79.2%	245,9 k €	-10.3%	274,3 k €	+88.8%	145,3 k €	+18.7%	122,4 k €	-16.8%	147,1 k €	+99.5%	73,7 k €	-16.7%	88,5 k €	+156%	34,5 k €	-70.6%	117,6 k €	+565%	17,7 k €	-64.8%	50,2 k €	+15.7%	43,4 k €	-65.8%	126,8 k €	+146%	51,5 k €
Balance sheet
Equity	548,3 k €	+13.4%	483,6 k €	-74.7%	1,9 M €	+0.3%	1,9 M €	-4.0%	2 M €	+3.1%	1,9 M €	+29.5%	1,5 M €	+19.6%	1,2 M €	+13.9%	1,1 M €	+14.6%	952,8 k €	+13.9%	836,6 k €	+20.3%	695,6 k €	+10.8%	628 k €	+19.2%	526,7 k €	+6.5%	494,5 k €	+30.4%	379,3 k €	+4.2%	364 k €	+15.1%	316,2 k €	+14.9%	275,2 k €	+82.6%	150,7 k €
Total assets	594,6 k €	+17.7%	505 k €	-73.8%	1,9 M €	-1.7%	2 M €	-13.7%	2,3 M €	-14.8%	2,7 M €	+23.6%	2,2 M €	+0.0%	2,2 M €	-0.4%	2,2 M €	+25.5%	1,7 M €	+13.5%	1,5 M €	+25.3%	1,2 M €	-0.6%	1,2 M €	-20.9%	1,5 M €	+26.9%	1,2 M €	+6.9%	1,1 M €	+9.5%	1 M €	+9.4%	950,4 k €	-30.1%	1,4 M €	-7.2%	1,5 M €
Cash	336,8 k €	+18.3%	284,7 k €	-83.0%	1,7 M €	+6.5%	1,6 M €	+13.3%	1,4 M €	+181%	494,7 k €	+13.7%	435,2 k €	-35.6%	675,9 k €	+39.5%	484,4 k €	+49.6%	323,9 k €	-2.8%	333,3 k €	+52.2%	219 k €	+63.1%	134,3 k €	-21.9%	171,8 k €	-11.4%	193,9 k €	+139%	81,3 k €	+2.3%	79,4 k €	-3.0%	81,9 k €	-38.9%	134,1 k €	+9.4%	122,6 k €
Debts	34,1 k €	+60.8%	21,2 k €	+46.3%	14,5 k €	-72.0%	51,8 k €	-81.7%	283,3 k €	-61.5%	735,8 k €	+11.4%	660,6 k €	-27.4%	909,9 k €	-14.9%	1,1 M €	+38.6%	772 k €	+13.0%	683,3 k €	+32.0%	517,9 k €	-8.4%	565,4 k €	-44.4%	1 M €	+40.9%	722,5 k €	-4.8%	759 k €	+12.3%	675,8 k €	+6.5%	634,2 k €	-41.6%	1,1 M €	-17.4%	1,3 M €
Other
Workforce	–		–		–		0,0 ETP	-100%	5,2 ETP	-8.8%	5,7 ETP	-3.4%	5,9 ETP	-6.3%	6,3 ETP	+26.0%	5,0 ETP	0.0%	5,0 ETP	+35.1%	3,7 ETP	-2.6%	3,8 ETP	-2.6%	3,9 ETP	-9.3%	4,3 ETP	+22.9%	3,5 ETP	+16.7%	3,0 ETP	-14.3%	3,5 ETP	0.0%	3,5 ETP	-14.6%	4,1 ETP	+13.9%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Philippe GEORGES

Mandate

Active

Ended mandates

Catherine HARMEL

Manager

Ended

GEORGES Philippe

Mandate

Ended

Philippe GEORGES

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AM HYDROGAZ - COLAS● Active	0691.565.062
AM HYDROGAZ - TEGEC● Active	0691.787.964
ENTREPRISES HYDROGAZ● Active	0404.257.990
GEFOR● Active	0465.949.693
René DERULLIEUX et fils● Active	0427.732.188
SM HYDROGAZ - AQUAFLUX● Active	0739.647.269
SM HYDROGAZ ROUSSEAUX● Active	0759.845.837
SM HYDROGAZ SA - FODETRA SA● Active	0834.869.003
SM HYDROGAZ - SODRAEP● Active	0739.642.222
SM HYDROGAZ TEGEC (HERON)● Active	0803.059.733
SM HYDROGAZ VERBRAEKEN INFRA● Active	0765.699.687
SM HYDROGAZ WILKIN GEHLEN● Active	0765.939.417

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	9 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	18/06/2025	21/08/2024	30/08/2023	20/06/2022	17/12/2021
General meeting	27/03/2026	26/05/2025	27/05/2024	30/06/2023	23/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	28/04/2026	French	PDF
Micro model	31/12/2024	26/05/2025	18/06/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	23/05/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	17/12/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	01/12/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	22/05/2018	05/11/2018	French	PDF
Abridged model	31/12/2016	22/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	23/05/2016	27/12/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	05/01/2016	French	PDF
Abridged model	31/12/2013	26/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	23/05/2011	25/11/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	22/12/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	31/12/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	31/10/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Philippe GEORGES

Mandate

Active

Ended mandates

Catherine HARMEL

Manager

Ended

GEORGES Philippe

Mandate

Ended

Philippe GEORGES

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/09/2025
SIEGE SOCIAL
PDF
Other15/09/2025
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office10/01/2025
SIEGE SOCIAL
PDF
Mandates28/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates28/01/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office01/12/2003
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202564,8 k €↓
2024
Annual accounts 202472,6 k €↑
2023
Annual accounts 20234,8 k €↑
2022
Annual accounts 2022-77,6 k €↓
2021
Annual accounts 202162,5 k €↓
2020
Annual accounts 2020440,8 k €↑
2019
Annual accounts 2019245,9 k €↓
2018
Annual accounts 2018274,3 k €↑
2017
Annual accounts 2017145,3 k €↑
2016
Annual accounts 2016122,4 k €↓
2015
Annual accounts 2015147,1 k €↑
2014
Annual accounts 201473,7 k €↓
2013
Annual accounts 201388,5 k €↑
2012
Annual accounts 201234,5 k €↓
2011
Annual accounts 2011117,6 k €↑
2010
Annual accounts 201017,7 k €↓
2009
Annual accounts 200950,2 k €↑
2008
Annual accounts 200843,4 k €↓
2007
Annual accounts 2007126,8 k €↑
2006
Annual accounts 200651,5 k €
07/12/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MEGABEL

Overview

What does MEGABEL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline