Equity
-€80,722
Debts exceed assets in financial year 2025.
Mig Concept
Lifetime
10 annual accounts with figures on one time axispeak €49,055 (2019)
€11,226▼ 10.9%
lowest -€57,453 (2017)
€786▼ 55.2%
peak -€36,449 (2016)
-€80,722▲ €786
€218,781▼ 2.6%
peak 1.5 FTE (2017)
-not published
Board1 name since 2015
1 director
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Result from €1,752 to €786
Key points
from the 2025 annual accountsDebts
€218,781 158% of the balance sheet
Financial debts 58%Suppliers 13%Other 29%
Of this, €97,540 falls due within a year.
Position in the sector
-58.5%
Lower solvency than 95% of companies in specialised construction. Sector median 46.8% · 37,211 companies.
2025 accounts filed 61 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,380 companies had the same profile as Mig Concept has now. Each dot stands for 4 companies, two years later.
94.2%
were still trading
3.3%
stopped another way
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,380 companies, not a prediction for Mig Concept. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered office moved from Leuven to Glimes
New registered office: Rue de Huppaye, 42B te 1315 Glimes · Previous registered office: Martelarenplein, 20/E 3000 Leuven · General meeting of 01-09-2021 · Gazette deed
Registered office moved from Hamme-Mille to Leuven
New registered office: Leuven, Railway Station-Regus Express MIG CONCEPT SPRL Martelarenplein 20 E 3000 Leuven Belgique · Previous registered office: chaussée de Namur 55 à 1320 Hamme-Mille · General meeting of 28-06-2019 · Gazette deed
Registered office moved within Hamme-Mille
New registered office: Chaussée de Namur 55 à 1320 Hamme-Mille · Previous registered office: Chaussée de Louvain 24 à 1320 Hamme-Mille · Gazette deed
New establishment in Incourt
Rue de Huppaye 42B
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mig Concept Incourt | €138,060 | €11,226 | -58.5% | - |
| SYLMA MANAGEMENT Flémalle | €123,262 | €11,285 | 18.2% | - |
| A-Forge Woluwe-Saint-Lambert | €134,553 | €11,186 | 31.9% | - |
| DSP Energie Villers-le-Bouillet | €103,978 | €10,873 | 87.5% | - |
| IMI GROUP Anderlecht | €115,896 | €14,993 | 73.6% | - |
| VDHoeven stands & design Kuurne | €101,461 | €11,936 | 66.6% | - |
| MERCOST.CONSTRUCT.BE Anderlecht | €137,946 | €15,706 | 84.1% | - |
These companies have the same main activity as Mig Concept: other construction installation (NACE 43240). They are comparable in size and age: total assets between €101,000 and €138,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 01-06-2015Normal situation
- Activity
- Other construction installationNACE 43240and 3 others
- Establishment units
- 2.243.903.1761320 Beauvechain, since 01-07-2015
- 2.268.536.7231315 Incourt, since 01-02-2016
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on Mig Concept
Mig Concept files the micro format. That format states no turnover. The gross margin rose from €4,512 in 2016 to €11,226 in 2025.
The balance sheet grew most in 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Mig Concept
- What is the company number of Mig Concept?
- The company number of Mig Concept is 0630.965.204. The VAT number is the same number with BE in front: BE 0630.965.204.
- Where is Mig Concept based?
- The registered office is at Rue de Huppaye 42B, 1315 Incourt.Company details
- What does Mig Concept do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of Mig Concept?
- Mig Concept is a private limited company (pre-2019) (BVBA).
- When was Mig Concept founded?
- Mig Concept was founded on 01-06-2015.
- Is Mig Concept still active?
- Yes, Mig Concept is an active enterprise in the KBO register.
- What is the turnover of Mig Concept?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €11,226 and 34 comparable companies (NACE 43240). It probably lies between €64,000 and €270,000. It is a rough estimate.Financials
- Is Mig Concept profitable?
- In financial year 2025, Mig Concept made a profit of €786.
- Where can I find the annual accounts of Mig Concept?
- Mig Concept filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Mig Concept due?
- Mig Concept must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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