MIG 85
The computed 12-month bankruptcy probability of MIG 85 is 5.9% (elevated). The 2025 annual accounts show equity of €48k and a net result of €-66k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €48k |
| Net result | €-66k |
| Active | 3 yrs |
| Locations | 1 |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-563 |
| Net profit | €-66k |
| Cash flow | €-30k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €792k |
| Equity | €48k |
| Debt | €745k |
| of which ≤ 1y | €312k |
| of which > 1y | €433k |
| Working capital | €-192k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.39 |
| Quick ratio | 0.39 |
| Working capital ratio | -24.2% |
| Solvency | 6.0% |
| Debt / equity | 15.66 |
| Long-term debt ratio | 9.10 |
| Interest coverage | -0.02 |
| Gross margin | - |
| Net margin | - |
| ROA | -8.3% |
| ROE | -138.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €792k |
| Fixed assets | 21/28 | €672k |
| Tangible fixed assets | 22/27 | €672k |
| Current assets | 29/58 | €120k |
| Amounts receivable within one year | 40/41 | €117k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €792k |
| Equity | 10/15 | €48k |
| Contributions / capital | 10/11 | €210k |
| Accumulated profits (losses) | 14 | €-162k |
| Amounts payable | 17/49 | €745k |
| Amounts payable after one year | 17 | €433k |
| Amounts payable within one year | 42/48 | €312k |
| Trade debts payable within one year | 44 | €108k |
| Income statement | ||
| Gross operating margin | 9900 | €-183 |
| Operating result | 9901 | €-37k |
| Financial income | 75 | €10 |
| Financial charges | 65 | €29k |
| Result before taxes | 9903 | €-66k |
| Net result for the period | 9904 | €-66k |
| Result to be appropriated | 9905 | €-66k |
Former directors (1)
-
SRL Karolinski Michel AvocatLegal entityDirector· perm. rep.: Michel KarolinskiState Gazette act 25139715 (03-11-2025)Former- → 19-08-2025
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 05-04-2023 |
| Status | Active |
| Postal code | 1180 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0108/00W002 | Brussels | 1,029 m² | 1 · 135 m² | 13.4 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-11-2025 Michel Karolinski resigns as director
- Michel Karolinski, Bestuurder
Technical details
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"events": [
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"name": "SRL Karolinski Michel Avocat",
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},
"effective_date": "2025-08-19",
"evidence_quote": "La SRL Karolinski Michel Avocat, repr\u00E9sent\u00E9e par son repr\u00E9sentant permanent Monsieur Michel Karolinski, d\u00E9missionne de son mandat d\u0027administrateur avec effet imm\u00E9diat. D\u00E9charge lui est donn\u00E9 pour son mandat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0800.465.873",
"name_full": "MIG 85",
"legal_form": "SRL"
}
}07-04-2023 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
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"person": {
"dob": "1973-09-14",
"name": "GENICOT Ga\u00EBtan Jules Gabriel Claude Ghislain",
"niss": null,
"address": "1180 Uccle, chauss\u00E9e de Waterloo, 1359"
},
"share_class": "Ordinary",
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"contribution_type": "cash",
"amount_paid_in_eur": 70000,
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{
"org": null,
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"person": {
"dob": "1973-04-04",
"name": "TAUB Ilan David",
"niss": null,
"address": "1950 Kraainem, avenue Arthur Blaivie, 27"
},
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},
{
"org": {
"kbo": "0894.812.825",
"name": "KAROLINSKI MICHEL AVOCAT"
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"kind": "rechtspersoon",
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}
],
"capital_eur": 210000,
"subject_company": {
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"initial_directors": [],
"incorporation_date": "2023-04-05",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | MIG 85 |
| Trade nameFR | MIG 85 |