Payment terms
60 days from customers
Customers pay 93 days earlier.
MIG CONSTRUCT
Overview
Lifetime
7 annual accounts with figures on one time axispeak €8,139 (2025)
€8,139▲ 22.5%
lowest -€7,718 (2018)
€7,707▲ 24.4%
peak €15,794 (2025)
€15,794▲ 95.3%
€11,478▼ 19.7%
Board1 name since 2016
-
Documentsfilings and deeds
19-12-202543 days before the deadline
2025financial year
Turnover from €44,190 to €69,480Gross margin from €6,645 to €8,139Equity from €8,087 to €15,794Debts from €14,287 to €11,478Cash from €3,791 to €13,729
Key points
from the 2025 annual accountsFilings
7 annual accounts 3 late
The 2018 accounts came latest: 323 days after the end of the period.
Position in the sector
€15,794
Less equity than 92% of companies in specialised construction. Sector median €600,288 · 1,211 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as MIG CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
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 497,331 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 26,969 companies, not a prediction for MIG CONSTRUCT. 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
Board and ownership
last known boardManager, last mentioned in 2016
- founderdeed of 27-12-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668366424
Incorporation
Founder: (comparant) · Founding capital of €18,600, 1,860 shares · Appointment: (statutory manager) · published on 27-12-2016 · Gazette deed
First establishment
Pantheonlaan 23, Koekelberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIG CONSTRUCT Koekelberg | €69,480 | 11.2% | 57.9% | - |
| Jarno Labeau Dentergem | - | - | 1.5% | - |
| BOUWTEK Halle | - | - | 77.1% | - |
| GROUP RJC Ganshoren | - | - | 92.9% | - |
| M.A. BÂTI Brussels | - | - | 99.7% | - |
| CV-CONCEPT Etterbeek | €74,056 | 4.1% | 23.3% | - |
| IMAD RENOV Ganshoren | €101,616 | -6.9% | 92.3% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MIG CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €26,300 and €39,700, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 22-12-2016Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 1 other
- Establishment unit
- 2.259.450.6921081 Koekelberg, since 22-12-2016
- Financial year end
- 30 June
- Peppol
- Reachable since 13-02-2026
Annual accounts to 30-06-2025
- €69,480▲ 57.2%
- €7,707▲ 24.4%
- €15,794▲ 95.3%
- €27,272▲ 21.9%
- Filing
- Filed on 19-12-2025, 43 days before the end of the filing period
Insights on MIG CONSTRUCT
The gross margin has grown every year since 2022. Solvency rose in 2025 from 36.1% to 57.9% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 19-12-2025, 43 days before the deadline€69,480
▲ 57.2%
€7,752
▲ 24.2%
-
-
57.9%
▲ 21.8 percentage points
2.38
▲ 0.81
Money flows
of every €100 of turnover, €11.09 remains as profit in 2025Balance sheet
balance sheet total €27,272 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
57.9%
Higher than 44% of 3,486 companies in 2024.
2.38
Higher than 49% of 3,453 companies in 2024.
28.3%
Higher than 93% of 3,472 companies in 2024.
MIG CONSTRUCT
Middle half of the sector
80% of the sector
Full accounts in specialised construction (NACE 43)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 201821 months |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
27,272 | 22,374 | 30,826 | 18,467 | 30,241 | 22,610 | 44,091 | |
21/28 |
- | - | 20 | 693 | - | - | - | |
22/27 |
- | - | 20 | 693 | - | - | - | |
23 |
- | - | 20 | 693 | - | - | - | |
29/58 |
27,272 | 22,374 | 30,806 | 17,774 | 30,241 | 22,610 | 44,091 | |
40/41 |
13,543 | 18,583 | 22,782 | 16,138 | 30,219 | 18,222 | 43,901 | |
40 |
11,500 | - | 20,150 | 14,950 | 28,500 | 15,450 | 35,455 | |
41 |
2,043 | 18,583 | 2,632 | 1,188 | 1,719 | 2,772 | 8,446 | |
54/58 |
13,729 | 3,791 | 8,024 | 1,636 | 22 | 4,388 | 190 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
27,272 | 22,374 | 30,826 | 18,467 | 30,241 | 22,610 | 44,091 | |
10/15 |
15,794 | 8,087 | 1,892 | 715 | 11,332 | 10,132 | 10,882 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
18,600 | 18,600 | 18,600 | 18,600 | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-2,806 | -10,513 | -16,708 | -17,885 | -7,268 | -8,468 | -7,718 | |
17/49 |
11,478 | 14,287 | 28,934 | 17,752 | 18,909 | 12,478 | 33,209 | |
42/48 |
11,478 | 14,287 | 4,920 | 4,031 | 18,909 | 12,478 | 33,209 | |
44 |
1 | - | 4,920 | 4,031 | 10,107 | 992 | 15,210 | |
440/4 |
1 | - | 4,920 | 4,031 | 10,107 | 992 | 15,210 | |
45 |
- | - | - | - | - | 750 | 294 | |
450/3 |
- | - | - | - | - | 750 | 294 | |
47/48 |
11,477 | 14,287 | - | - | 8,802 | 10,736 | 17,705 | |
492/3 |
- | - | 24,014 | 13,721 | - | - | - | |
| Income statement | ||||||||
70 |
69,480 | 44,190 | 73,950 | 35,075 | - | - | - | |
9900 |
8,139 | 6,645 | 2,367 | -5,799 | 1,239 | -362 | -6,620 | |
60/61 |
61,341 | 37,545 | 71,582 | 40,874 | - | - | - | |
630 |
- | 20 | 673 | 672 | - | - | - | |
640/8 |
387 | 385 | 347 | 347 | - | 348 | 1,043 | |
9901 |
7,752 | 6,240 | 1,347 | -6,818 | 1,239 | -710 | -7,663 | |
75/76B |
- | - | - | 50 | - | - | - | |
75 |
- | - | - | 50 | - | - | - | |
65/66B |
45 | 45 | 45 | 45 | 39 | 40 | 55 | |
65 |
45 | 45 | 45 | 45 | 39 | 40 | 55 | |
9903 |
7,707 | 6,195 | 1,302 | -6,813 | 1,200 | -750 | -7,718 | |
67/77 |
- | - | 125 | 50 | - | - | - | |
9904 |
7,707 | 6,195 | 1,177 | -6,863 | 1,200 | -750 | -7,718 | |
9905 |
7,707 | 6,195 | 1,177 | -6,863 | 1,200 | -750 | -7,718 | |
| Appropriation of the result | ||||||||
9906 |
-2,806 | -10,513 | -16,708 | -17,885 | -7,268 | -8,468 | -7,718 | |
14P |
-10,513 | -16,708 | -17,885 | -11,022 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 19-12-2025 | 2025-00585206 | |
| 30-06-2024 | full format | 17-12-2024 | 2024-00617539 | |
| 30-06-2023 | full format | 25-02-2024 | 2024-00033944 | |
| 30-06-2022 | full format | 24-06-2023 | 2023-00154211 | |
| 30-06-2020 | full format | 31-12-2020 | 2020-77600089 | |
| 30-06-2019 | full format | 20-12-2019 | 2019-76600597 | |
| 30-06-2018 | full format | 20-12-2019 | 2019-76600596 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 201821 months |
|---|---|---|---|---|---|---|---|---|
| - | 6,260 | 2,020 | -6,146 | - | - | - | ||
| - | 6,215 | 1,850 | -6,191 | - | - | - | ||
| - | 0 | 0 | - | - | - | - | ||
| 9,938 | -4,233 | 6,388 | - | -4,366 | 4,198 | - | ||
| 15,794 | 8,087 | 25,886 | 13,743 | 11,332 | 10,132 | 10,882 | ||
| 11.2% | 14.1% | 1.8% | -19.4% | - | - | - | ||
| 57.9% | 36.1% | 6.1% | 3.9% | 37.5% | 44.8% | 24.7% | ||
| 2.38 | 1.57 | 6.26 | 4.41 | 1.60 | 1.81 | 1.33 | ||
| 0.73 | 1.77 | 15.29 | - | 1.67 | 1.23 | 3.05 | ||
| 48.8% | 76.6% | 62.2% | - | 10.6% | -7.4% | -70.9% | ||
| 28.3% | 27.7% | 3.8% | -37.2% | 4.0% | -3.3% | -17.5% | ||
| - | over 100 | 44.89 | -136.58 | - | - | - | ||
| 60 days | 153 days | 99 days | 156 days | - | - | - | ||
| 0 days | - | 25 days | 36 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on MIG CONSTRUCT
The operating result for 2025 is 24% higher than in 2024 and the highest since 2018. It is the third rise in a row.
Debt's share of the balance-sheet total falls from 63.9% to 42.1%. Equity is higher and debt is lower.
Board & ownership
Board
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each manager alonedeed of 27-12-2016
Mandates through the years
1 nameStatutory manager
Earlierend not dated
Mandates as a list
-
- Statutory manager, appointed by deed of 27-12-2016, last mentioned in 2016
Control
Founder
This company
MIG CONSTRUCT
Equity €15,794
Profit €7,707 in 2025
Capital
- Capital
- €18,600
- Source
- 2025 annual accounts
Articles of association
deed of 27-12-2016 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of November at 20:00
Founder
At incorporation
deed of 27-12-2016 ↗
- sole founder · 100% at incorporation
Network & group
No group
MIG CONSTRUCT has no parent and no holdings in its annual accounts.
At the same address
Pantheonlaan 23, 1081 Koekelberg · 3 other companies| BABOUW CONSTRUCT
registered office since 08-05-2002 · founded in 2002 |
turnover €398,588 (2025) 0477.345.017 |
| POLMEX
registered office since 30-06-1997 · founded in 1997 · negative equity (2025) |
turnover €51,345 (2025) 0460.966.863 |
| Grabowski, Alexia (sole trader)
establishment since 01-01-2022 |
founded in 2022 0779.547.626 |
Timeline
Timeline
14 events since 2016Filings
Financial
Establishments
201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0668366424
2025
Annual accounts 2025 filed PDFfull format · 43 days before the deadline
Highest result from 2018 to 2025 net €7,707 ▲24.4% The operating result of €7,752 and the net result of €7,707 are both a record.
2024
Annual accounts 2024 filed PDFfull format · 45 days before the deadline
Annual accounts 2023 filed PDFfull format · 25 days late
2023
Back to profit net €1,177 The net result is €1,177, after one loss-making year.
Annual accounts 2022 filed PDFfull format · 144 days late
2022
Liquidity more than doubled current ratio 4.41 The current ratio rises from 1.60 to 4.41. Short-term debt falls from €18,909 to €4,031.
2020
Annual accounts 2020 filed PDFfull format · 31 days before the deadline
Back to profit net €1,200 The net result is €1,200, after 2 loss-making years.
2019
Annual accounts 2018 filed PDFfull format · 323 days late
Annual accounts 2019 filed PDFfull format · 42 days before the deadline
2016
IncorporationFounder: (comparant) · Founding capital of €18,600, 1,860 shares · Appointment: (statutory manager) · published on 27-12-20166 points ▸
- Capital, €18,600, 1,860 shares
- Director appointment, (statutory manager)
- Founder, (comparant)
- Registered office clause, Avenue du Panthéon 23, 1081 Koekelberg
- Founding capital, €18,600, 1,860 shares
- Capital, €18,600
- The deed holds 3 more points.
First establishment Pantheonlaan 23, Koekelberg
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0668.366.424
- VAT number
- BE 0668.366.424
- Peppol ID
- 0208:0668366424
- Other Peppol ID
- 9925:BE0668366424
- Legal form
- Private limited company (pre-2019)
- Status
- Active, normal situation
- Founded
- 22-12-2016
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of November at 20:00deed of 27-12-2016 (in French)
- Peppol
- Reachable since 13-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MIG CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-12-2016 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Avenue du Panthéon 23, 1081 Koekelberg”deed of 27-12-2016 (in French)
Activities
NACEBEL 202543990
Other specialised construction activities main activity
43422
Screed work
Codes under NACEBEL 2008
43999
Specialised construction activities main activity
43995
Specialised construction activities
43996
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La construction, la transformation, l’achèvement, l’aménagement, la réparation, l’entretien, le nettoyage, le ferraillage du béton, le…”deed of 27-12-2016 (in French)
14 activities
- La construction, la transformation, l’achèvement, l’aménagement, la réparation, l’entretien, le nettoyage, le ferraillage du béton, le traitement et la démolition d’immeubles ainsi que toutes opérations comportant à la fois la fourniture d’un bien meuble et son placement dans un immeuble de telle manière que ce bien meuble devienne immeuble par nature.
- Toutes installations générales électriques (installation et raccord de tableaux divisionnaires haute et basse tension, groupes électrogènes, etcetera ainsi que l’éclairage pour l’aménagement extérieur.
- Toutes installations électriques de mécanismes de protection contre le vol et l’incendie.
- Toutes installations de sanitaires, de plomberie, de toitures et toutes autres installations électriques similaires.
- Toutes opérations co relatives aux travaux de peinture, de pose de papier peint, de recouvrement de sols, etcetera.
- Toutes opérations comportant à la fois la fabrication, la fourniture, la fixation et l’installation de châssis, de volets, de persiennes, de hottes, de ventilateurs, d’armoires de rangement en bois, aluminium, PVC et en toutes matières quelconques sans que cette liste ne soit exhaustive.
- La fabrication, l’achat, la vente en gros ou en détail et la commercialisation en général de matériels nécessaires à la construction ou à la rénovation d’immeubles.
- L’activité d’intermédiaire dans de telles opérations.
- L’entreprise d’installation d’échafaudage, de rejointoiement et de nettoyage de façades.
- Toutes activités en rapport avec la manutention et le déménagement.
- Les activités relatives aux promoteurs immobiliers, c’est-à-dire, l’achat, la construction, la location, la vente d’immeubles ou de terrains bâtis ou non bâtis.
- L’entretien et la création de parcs, de jardins, d’espaces verts ainsi que la désinfection et la dératisation.
- La gérance et l’administration de toutes constructions privées, commerciale, industrielle ou publique.
- L’achat, la vente, la location (aussi la sous-location) de tous droits réels de tous les immeubles quelconques, la promotion, le développement, le lotissement.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Pantheonlaan 23 registered office 1081 Koekelberg | 22-12-2016 | 2.259.450.692 |
Buildings and parcels at the address
- Ground area
- 263 m²
- Buildings
- 114 m²
- Volume, LiDAR
- 1,087 m³
- Tallest building
- 17.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21492B0098/00E006 | 263 m² | 1 · 114 m² | 17.8 m · 4 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0668.366.424