Mega Fashions

Active

Private limited companyfounded 199333 yrs activeTorhoutsesteenweg 174, 8400 Oostende, BelgiumKBO/BCE: BE 0450.679.123

Summary

Mega Fashions has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232 and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▲+69

Solvency26▲+11

Growth52=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

1.1%

Return on assets

8.3%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 26043 sector peers (2024).

NBB · sector comparison

Position among 26043 sector peers

Solvency

better than 24%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

27 d late

2023

21 d late

2022

17 d early

2021

38 d early

2020

61 d late

2019

11 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€345k

EBIT margin

-1.2%

Net result

€2k

2023 · €-14k

2018: €15k 2019: €8k 2020: €13k 2021: €-1k 2022: €-5k 2023: €-14k

2018 → 2024

Working capital

€-464▼ 47.0%

2023 · €-316

2018: €48k 2019: €54k 2020: €66k 2021: €62k 2022: €14k 2023: €-316

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€345k

Equity€19k-€17k▼ 7.3%€13k▼ 27.1%€-2k€232

Operating result€18k-€-453€-4k▼ 796%€-14k▼ 234%€2k

Net result€13k-€-1k€-5k▼ 245%€-14k▼ 203%€2k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €2k after a loss of €14k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €22k

93.1%

Fixed assets €1k ▼ 33.0%

Current assets €20k ▲ 56.1%

Equity and liabilities €22k

98.9%

Equity €232

Debt €21k

Debt finances 98.9% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€3k▲

2023 · €-13k

Cash flow

€3k▲

2023 · €-13k

Current ratio

0.98▲

2023 · 0.98

Quick ratio

0.41▼

2023 · 0.56

ROA

8.3%▲

2023 · -93.7%

Interest coverage

4.80▲

2023 · -23.17

Debt ≤ 1 year

€21k▲

2023 · €13k

Debt > 1 year

€0▼

2023 · €3k

Staff costs

€11k▼

2023 · €36k

Equity ratios withheld: equity of €232 is too small for a meaningful ratio.

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 · 2024 against 2023 · 44 lines

Balance sheet Code20232024

Assets

Total assets20/58€15k€22k▲

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€2k€1k▼

Current assets29/58€13k€20k▲

Stocks and contracts in progress3€5k€12k▲

Stocks30/36€5k€12k▲

Amounts receivable within one year40/41€109€0▼

Trade receivables40€108€0▼

Other amounts receivable41€1€0▼

Cash at bank and in hand54/58€5k€7k▲

Deferred charges and accrued income490/1€2k€885▼

Equity and liabilities

Total equity and liabilities10/49€15k€22k▲

Equity10/15€-2k€232▲

Contributions10/11€7k€7k=

Reserves13€2k€0▼

Non-distributable reserves130/1€2k€0▼

Reserves not available under the articles1311€2k€0▼

Distributable reserves133€0-

Profit (loss) carried forward14€-10k€-6k▲

Amounts payable17/49€17k€21k▲

Amounts payable after more than one year17€3k€0▼

Other amounts payable178/9€3k€0▼

Amounts payable within one year42/48€13k€21k▲

Trade debts44€7k€15k▲

Suppliers440/4€7k€15k▲

Taxes, remuneration and social security45€6k€226▼

Taxes450/3€936€226▼

Remuneration and social security454/9€5k€0▼

Other amounts payable47/48€0€5k▲

Accrued charges and deferred income492/3-€793

Income statement Code20232024

Remuneration, social security and pensions62€36k€11k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€732€732=

Other operating charges640/8€2k€790▼

Gross operating margin9900€25k€15k▼

Operating profit (loss)9901€-14k€2k▲

Financial charges65/66B€554€663▲

Recurring financial charges65€554€663▲

Profit (loss) for the period before taxes9903€-14k€2k▲

Profit (loss) for the period9904€-14k€2k▲

Profit (loss) for the period to be appropriated9905€-14k€2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-14k€-8k▲

Profit (loss) brought forward from the previous period14P-€-10k

Transfer from equity791/2€4k€2k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

2024

31-12

Financial Back to profitnet €2k

Net result €2k after 3 loss-making years.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Weakest financial yearnet €-14k

Net result drops to €-14k, the lowest in the series; recovery starts the following year.

14-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

23-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

11-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 11 days late

2019

02-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 2 days late

2018

02-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

08-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 8 days late

2016

23-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Oostende · 1 establishment unit since 2000

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Torhoutsesteenweg 1748400 Oostende

Ground area

126 m²

Building footprint

133 m²

Volume, LiDAR

1,005 m³

Parcel 35383C0347/00L002, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MEGA FOOD

Torhoutsesteenweg 174, 8400 OostendeNACE 52112

since 20002.063.581.364

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35383C0347/00L002	Flanders	126 m²	1 · 133 m²	15.6 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Oostende2.063.581.364

1 permission

Toelating · Detailhandel · since 01-01-2006

Similar companies · same sector, comparable size

Sint-Gillis (bij-Brussel) · Eq €225

Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 209 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-08-1993

Fiscal year end31-12

Activities, NACEBEL 2025

47110Non-specialised retail sale with food, beverages or tobacco predominating

47784Retail sale of souvenirs and religious articles

Sources

Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.