MIG
ActiveSummary
The annual accounts of MIG for financial year 2025 show a net loss of 63% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €112,681 and a net result of -€173,979. Equity has been stable since 2020 (±1.9% per year). Its solvency ranks better than 55% of 256 sector peers (NACE 38, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Official details
Source: KBO- Status
- Active since 14-01-1993 Normal situation
- Activity
- Materials recovery from waste NACE 38210
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 31-03-2024
- Establishment unit
- 2.060.561.496 2490 Balen, since 29-01-1993
- Financial year end
- 31 March
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- -€92,163
- Loss
- €173,979
- Equity
- €112,681
- ▼ 60.7%
- Total assets
- €276,163
- ▼ 48.7%
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €173,979 (financial year 2025)Figures for financial year 2025 (filed on 20-11-2025)Sector: Waste collection, recovery and disposal activities (NACE 38)lowers riskLiquidity: current ratio 0.91, cash €93,543Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, micro). It does better than 55% of them on solvency, 78% on liquidity, 7% on profitability and 11% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Key points
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MIG: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €127,000 and €701,000, founded between 1982 and 2004.
| Company | Total assets | Gross margin |
|---|---|---|
| MIG Balen | €276,163 | -€92,163 |
| ANDA Projects Hove | €258,208 | -€2,743 |
| ITPL Aiseau-Presles | €495,935 | -€37,257 |
| BILZEN NOORD METAAL Bilzen-Hoeselt | €355,414 | -€2,098 |
| BIO-N.R.GY Pittem | €621,897 | -€230,786 |
| EURO - SNEF CONTAIN Seneffe | €126,744 | -€8,985 |
| LA FILIERE BOIS Seraing | €701,041 | -€149,738 |
Key facts about MIG
- What is the company number of MIG?
- The company number of MIG is 0449.168.101. The VAT number is the same number with BE in front: BE 0449.168.101.
- Where is MIG based?
- The registered office is at Molenstraat 363, 2490 Balen.Company details
- What does MIG do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of MIG?
- The legal form of MIG is Private limited company (BV).
- When was MIG founded?
- MIG was founded on 14-01-1993.
- Is MIG still active?
- Yes, MIG is an active enterprise in the KBO register.
- How many employees does MIG have?
- MIG had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does MIG fall under?
- In its 31-03-2024 annual accounts, MIG states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of MIG?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is MIG profitable?
- In financial year 2025, MIG made a loss of €173,979.
- Where can I find the annual accounts of MIG?
- MIG filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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