MIG&MAG
ActiveMIG&MAG has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €751k and a net result of €139k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.23 in 2024; short-term debt: 18.2% and cash: 37.9% of total assets), and 18.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
81.8%
Return on assets
15.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
1 d late
2023
58 d late
2022
2 d early
2020
4 d early
2019
35 d early
2018
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€751k▲ 22.8%
2024 · €612k
2018: €98k
2019: €83k
2020: €39k
2022: €427k
2023: €508k
2024: €612k
2018 → 2025
Total assets
€919k▲ 16.4%
2024 · €789k
2018: €785k
2019: €924k
2020: €905k
2022: €648k
2023: €665k
2024: €789k
2018 → 2025
Net result
€139k▲ 35.2%
2024 · €103k
2018: €-60k
2019: €-15k
2020: €-44k
2022: €388k
2023: €81k
2024: €103k
2018 → 2025
Working capital
€203k▲ 393%
2024 · €41k
2018: €-362k
2019: €-748k
2020: €-770k
2022: €-176k
2023: €-81k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€39k-€427k▲ 1,006%€508k▲ 19.1%€612k▲ 20.3%€751k▲ 22.8%
Operating result€-17k-€557k€117k▼ 79.0%€148k▲ 26.4%€237k▲ 60.3%
Net result€-44k-€388k€81k▼ 79.0%€103k▲ 26.6%€139k▲ 35.2%
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919k
Fixed assets
€548k▼ 3.9%
Current assets
€371k▲ 69.7%
Equity and liabilities €919k
Equity
€751k▲ 22.8%
Debt
€168k▼ 5.5%
The debt ratio falls from 22.5% to 18.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264k▲
2024 · €172k
Cash flow
€167k▲
2024 · €128k
Solvency
81.8%▲
2024 · 77.5%
Current ratio
2.21▲
2024 · 1.23
Quick ratio
2.21▲
2024 · 1.23
Debt / equity
0.22▼
2024 · 0.29
ROE
18.6%▲
2024 · 16.9%
ROA
15.2%▲
2024 · 13.1%
Interest coverage
37.12▲
2024 · 25.22
Debt
€168k▼
2024 · €177k
Debt ≤ 1 year
€168k▼
2024 · €177k
Income taxes
€91k▲
2024 · €48k
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€789k€919k▲
Fixed assets21/28€570k€548k▼
Tangible fixed assets22/27€540k€518k▼
Land and buildings22€524k€506k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€2k€620▼
Financial fixed assets28€30k€30k=
Current assets29/58€218k€371k▲
Stocks and contracts in progress3€624€624=
Stocks30/36€624€624=
Amounts receivable within one year40/41€41k€22k▼
Trade receivables40€29k€20k▼
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€177k€348k▲
Deferred charges and accrued income490/1€293-
Equity and liabilities
Total equity and liabilities10/49€789k€919k▲
Equity10/15€612k€751k▲
Contributions10/11€12k€14k▲
Reserves13€575k€712k▲
Distributable reserves133€575k€712k▲
Profit (loss) carried forward14€24k€24k=
Amounts payable17/49€177k€168k▼
Amounts payable within one year42/48€177k€168k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€92k€96k▲
Suppliers440/4€92k€96k▲
Taxes, remuneration and social security45€66k€72k▲
Taxes450/3€66k€72k▲
Other amounts payable47/48€18k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€27k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k-
Other operating charges640/8€11k€2k▼
Gross operating margin9900€190k€266k▲
Operating profit (loss)9901€148k€237k▲
Financial income75/76B€11k€1k▼
Recurring financial income75€11k€1k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€151k€231k▲
Income taxes67/77€48k€91k▲
Profit (loss) for the period9904€103k€139k▲
Profit (loss) for the period to be appropriated9905€103k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€127k€164k▲
Profit (loss) brought forward from the previous period14P€24k€24k=
Transfer to equity691/2€103k€139k▲
To other reserves6921€103k€139k▲
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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.48 to 1.23.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
30-12
Financial
Equity above €500kEq €508k ▲19.1%
2 profitable years in a row build equity to €508k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial
Back to profitnet €388k
Net result €388k after 3 loss-making years.
30-12
Financial
Equity above €200kEq €427k ▲1006%
Equity rises from €39k to €427k.
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tervuren · 1 establishment unit since 2015
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.
Hertogenweg 123080 TervurenGround area
1,446 m²
Building footprint
235 m²
Volume, LiDAR
1,873 m³
Parcel 24302K0072/00H000, Flanders · tallest building 20.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MIG & MAG
since 20152.239.902.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302K0072/00H000 | Flanders | 1,446 m² | 1 · 235 m² | 20.7 m · 3 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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 30,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.