MIGECO
ActiveMIGECO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €28k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 7376 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+10
Solvency39▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.2 in 2024; short-term debt: 20.5% and cash: 4.7% of total assets), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.4%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7376 sector peers (2025).
NBB · sector comparisonPosition among 7376 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
37 d early
2023
31 d late
2022
31 d early
2021
19 d late
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 22.4%
2024 · €124k
2018: €14k
2019: €41k
2020: €78k
2021: €113k
2022: €135k
2023: €115k
2024: €124k
2018 → 2025
Total assets
€1.05M▼ 2.0%
2024 · €1.07M
2018: €471k
2019: €507k
2020: €529k
2021: €602k
2022: €627k
2023: €1.05M
2024: €1.07M
2018 → 2025
Net result
€28k▲ 238%
2024 · €8k
2018: €2k
2019: €27k
2020: €37k
2021: €34k
2022: €22k
2023: €-19k
2024: €8k
2018 → 2025
Working capital
€-131k▲ 21.5%
2024 · €-167k
2018: €-27k
2019: €45k
2020: €21k
2021: €-37k
2022: €-64k
2023: €-159k
2024: €-167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€135k▲ 19.4%€115k▼ 14.3%€124k▲ 7.1%€151k▲ 22.4%
Operating result€52k-€36k▼ 31.3%€5k▼ 86.3%€45k▲ 830%€73k▲ 59.7%
Net result€34k-€22k▼ 36.4%€-19k€8k€28k▲ 238%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€969k▼ 6.3%
Current assets
€85k▲ 108%
Equity and liabilities €1.05M
Equity
€151k▲ 22.4%
Debt
€903k▼ 5.1%
The debt ratio falls from 88.5% to 85.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▲
2024 · €127k
Cash flow
€115k▲
2024 · €90k
Solvency
14.4%▲
2024 · 11.5%
Current ratio
0.39▲
2024 · 0.20
Quick ratio
0.39▲
2024 · 0.20
Debt / equity
5.97▼
2024 · 7.70
ROE
18.3%▲
2024 · 6.6%
ROA
2.6%▲
2024 · 0.8%
Interest coverage
4.42▲
2024 · 3.48
Debt
€903k▼
2024 · €951k
Debt ≤ 1 year
€216k▲
2024 · €208k
Debt > 1 year
€687k▼
2024 · €744k
Income taxes
€9k▲
2024 · €697
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.05M▼
Fixed assets21/28€1.03M€969k▼
Tangible fixed assets22/27€1.03M€969k▼
Land and buildings22€713k€694k▼
Plant, machinery and equipment23€1k€769▼
Furniture and vehicles24€49k€27k▼
Other tangible fixed assets26€271k€247k▼
Current assets29/58€41k€85k▲
Amounts receivable within one year40/41€23k€33k▲
Trade receivables40€13k€16k▲
Other amounts receivable41€11k€17k▲
Cash at bank and in hand54/58€15k€50k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.05M▼
Equity10/15€124k€151k▲
Contributions10/11€12k€12k=
Reserves13€87€87=
Distributable reserves133€87€87=
Profit (loss) carried forward14€111k€139k▲
Amounts payable17/49€951k€903k▼
Amounts payable after more than one year17€744k€687k▼
Financial debts170/4€744k€687k▼
Amounts payable within one year42/48€208k€216k▲
Current portion of amounts payable after more than one year42€56k€57k▲
Financial debts43€20k-
Other loans439€20k-
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€14k€16k▲
Taxes450/3€14k€16k▲
Other amounts payable47/48€115k€136k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€87k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€131k€163k▲
Operating profit (loss)9901€45k€73k▲
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€37k€36k▼
Recurring financial charges65€37k€36k▼
Profit (loss) for the period before taxes9903€9k€37k▲
Income taxes67/77€697€9k▲
Profit (loss) for the period9904€8k€28k▲
Profit (loss) for the period to be appropriated9905€8k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€139k▲
Profit (loss) brought forward from the previous period14P€103k€111k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €151k ▲22.4%
2 profitable years in a row build equity to €151k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-19k ▼188%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Equity above €100kEq €113k ▲43.8%
4 profitable years in a row build equity to €113k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €37k ▲36.3%
Net result €37k, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 2.31
Current ratio from 0.30 to 2.31; short-term debt falls from €39k to €34k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2017
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.
Langendijk 32580 PutteGround area
1,285 m²
Building footprint
196 m²
Volume, LiDAR
488 m³
Parcel 12029C0346/00C000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Langendijk 3, 2580 Putte
since 20172.264.489.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0346/00C000 | Flanders | 1,285 m² | 1 · 196 m² | 9.8 m · 1 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.
Similar companies · same sector, comparable size
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RENO - VAN HULLE
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CANELAS
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ALGEMENE ONDERNEMINGEN KALLAERT - ENTREPRISES GENERALES KALLAERT
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Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 12,623 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:migecobv@gmail.com