ACTIVE

MEGA Learning

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Financial year 2025 · closed on 31/12/2025

Net result

154,6 k €

+25.7% YoY

Gross margin

208,9 k €

+19.2% YoY

Equity

85,8 k €

+11.3% YoY

What does MEGA Learning do?

MEGA Learning is a Public limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Enghien.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0644.675.559

Incorporation

18/12/2015

Legal form

Public limited company

Registered office

Rue de la Station(E) 2
7850 Enghien · WallonieSee on map

Contributed capital

61 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 63920Other information service activities 63990Other information service activities n.e.c.70210Public relations and communication activities 73300Advertising and market research+2

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	208,9 k €	+19.2%	175,2 k €	+48.1%	118,3 k €	+83.6%	64,5 k €	+731%	7,8 k €	-62.8%	20,8 k €	-81.4%	111,8 k €	+216%	35,3 k €	+352%	7,8 k €	+19.3%	6,5 k €
EBITDA	208,2 k €	+23.3%	168,9 k €	+50.7%	112,1 k €	+75.7%	63,8 k €	+1205%	4,9 k €	+5.5%	4,6 k €	-92.8%	63,9 k €	+812%	7 k €	-3.4%	7,3 k €	+19.0%	6,1 k €
Operating result	205,9 k €	+25.8%	163,7 k €	+48.7%	110,1 k €	+74.7%	63 k €	+1921%	3,1 k €	+8.9%	2,9 k €	-95.4%	62,2 k €	+857%	6,5 k €	-3.0%	6,7 k €	+23.1%	5,4 k €
Net result	154,6 k €	+25.7%	123 k €	+43.3%	85,8 k €	+69.5%	50,7 k €	+56251%	89,9 €	-83.0%	528 €	-98.9%	46,4 k €	+1139%	3,7 k €	-17.2%	4,5 k €	+17.8%	3,8 k €
Balance sheet
Equity	85,8 k €	+11.3%	77,1 k €	+4.0%	74,1 k €	-5.3%	78,3 k €	+0.8%	77,6 k €	+0.1%	77,5 k €	+0.7%	77 k €	+4.6%	73,6 k €	+5.4%	69,9 k €	+6.9%	65,4 k €
Total assets	346 k €	+18.9%	291,1 k €	+18.8%	245 k €	+51.2%	162 k €	+32.7%	122,1 k €	-21.2%	155 k €	-32.4%	229,1 k €	+34.3%	170,6 k €	-1.3%	172,9 k €	+27.8%	135,3 k €
Cash	3,8 k €	-81.6%	20,8 k €	+104%	10,2 k €	-65.4%	29,6 k €	+99.9%	14,8 k €	-71.4%	51,7 k €	+88.1%	27,5 k €	+15.3%	23,8 k €	-17.3%	28,8 k €	-50.9%	58,7 k €
Debts	260,2 k €	+21.6%	213,9 k €	+25.2%	170,9 k €	+104%	83,7 k €	+117%	38,5 k €	-50.3%	77,4 k €	-47.0%	146,1 k €	+50.7%	97 k €	-5.8%	103 k €	+53.9%	66,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Benoit Calicis

Mandate

Active

François Calicis

Mandate

Active

Laurent Williot

Mandate

Active

Ended mandates

Benoit Calicis

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

François Calicis

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

Laurent Williot

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

Benoit Calicis

Director · since 17 décembre 2015 · until 17 décembre 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/08/2026	03/07/2025	17/06/2024	27/06/2023	08/06/2022	01/09/2021
General meeting	06/08/2026	11/06/2025	12/06/2024	14/06/2023	08/06/2022	09/06/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/08/2026	13/08/2026	French	PDF
Micro model	31/12/2024	11/06/2025	03/07/2025	French	PDF
Micro model	31/12/2023	12/06/2024	17/06/2024	French	PDF
Micro model	31/12/2022	14/06/2023	27/06/2023	French	PDF
Micro model	31/12/2021	08/06/2022	08/06/2022	French	PDF
Micro model	31/12/2020	09/06/2021	01/09/2021	French	PDF
Micro modelCorrection	31/12/2019	06/05/2020	30/10/2020	French	PDF
Micro model	31/12/2019	06/05/2020	31/08/2020	French	PDF
Micro model	31/12/2018	12/06/2019	04/10/2019	French	PDF
Micro model	31/12/2017	13/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	10/10/2017	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 3 active · 6 ended

Active mandates

Benoit Calicis

Mandate

Active

François Calicis

Mandate

Active

Laurent Williot

Mandate

Active

Ended mandates

Benoit Calicis

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

François Calicis

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

Laurent Williot

Director · since 14 septembre 2021 · until 14 septembre 2027

Ended

Benoit Calicis

Director · since 17 décembre 2015 · until 17 décembre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2021
DEMISSIONS, NOMINATIONS
PDF
Other22/12/2015
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025154,6 k €↑
2024
Annual accounts 2024123 k €↑
2023
Annual accounts 202385,8 k €↑
2022
Annual accounts 202250,7 k €↑
2021
Annual accounts 202189,9 €↓
2020
Annual accounts 2020528 €↓
2019
Annual accounts 201946,4 k €↑
2018
Annual accounts 20183,7 k €↓
2017
Annual accounts 20174,5 k €↑
2016
Annual accounts 20163,8 k €
18/12/2015
IncorporationPublic 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

MEGA Learning

Overview

What does MEGA Learning do?

Trend over 10 financial years

Indicative valuation

Board of directors

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