MIG-PROJECTS
ActiveMIG-PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €28k. Equity is shrinking by ~17.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 51% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 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
Profitability100▲+4
Solvency86▲+13
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.79 in 2024; short-term debt: 39.3% and cash: 66.2% of total assets), and 39.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
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
60.7%
Return on assets
27.4%
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €63k
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 · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
61 d late
2022
2 d early
2021
2 d early
2020
36 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€161k
EBIT margin
8.5%
Net result
€28k▲ 80.5%
2024 · €16k
2018: €25k
2019: €7k
2020: €11k
2021: €23k
2022: €7k
2023: €2k
2024: €16k
2018 → 2025
Working capital
€52k▲ 74.0%
2024 · €30k
2018: €66k
2019: €80k
2020: €110k
2021: €54k
2022: €63k
2023: €12k
2024: €30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€161k
Equity€63k-€70k▲ 10.7%€19k▼ 73.5%€34k▲ 84.2%€63k▲ 82.5%
Operating result€13k-€14k▲ 9.7%€5k▼ 62.2%€24k▲ 364%€38k▲ 58.3%
Net result€23k-€7k▼ 70.5%€2k▼ 70.6%€16k▲ 681%€28k▲ 80.5%
Turnover and EBIT margin not published: the abbreviated or 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 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€10k▲ 141%
Current assets
€93k▲ 36.9%
Equity and liabilities €103k
Equity
€63k▲ 82.5%
Debt
€41k▲ 7.5%
The debt ratio falls from 52.4% to 39.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €27k
Cash flow
€31k▲
2024 · €18k
Solvency
60.7%▲
2024 · 47.6%
Current ratio
2.28▲
2024 · 1.79
Quick ratio
2.28▲
2024 · 1.79
Debt / equity
0.65▼
2024 · 1.10
ROE
45.2%▼
2024 · 45.7%
ROA
27.4%▲
2024 · 21.8%
Interest coverage
39.14▲
2024 · 8.46
Debt
€41k▲
2024 · €38k
Debt ≤ 1 year
€41k▲
2024 · €38k
Income taxes
€9k▲
2024 · €7k
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€72k€103k▲
Fixed assets21/28€4k€10k▲
Tangible fixed assets22/27€4k€10k▲
Plant, machinery and equipment23€416-
Furniture and vehicles24€2k€57▼
Other tangible fixed assets26€2k€10k▲
Current assets29/58€68k€93k▲
Amounts receivable within one year40/41€16k€24k▲
Trade receivables40€16k€24k▲
Cash at bank and in hand54/58€52k€68k▲
Equity and liabilities
Total equity and liabilities10/49€72k€103k▲
Equity10/15€34k€63k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€16k€44k▲
Amounts payable17/49€38k€41k▲
Amounts payable within one year42/48€38k€41k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€22k€27k▲
Taxes450/3€22k€27k▲
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€28k€42k▲
Operating profit (loss)9901€24k€38k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€23k€37k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€16k€28k▲
Profit (loss) for the period to be appropriated9905€16k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€44k▲
Profit (loss) brought forward from the previous period14P-€16k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €28k ▲80.5%
Operating result €38k, net result €28k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼70.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 11.57
Current ratio from 5.09 to 11.57; short-term debt falls from €20k to €10k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €119k ▲19.1%
2 profitable years in a row build equity to €119k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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
2 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, Antwerpen · 1 establishment unit since 2014
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.
Eethuisstraat 1082170 AntwerpenGround area
406 m²
Building footprint
79 m²
Volume, LiDAR
543 m³
Parcel 11423B0284/00T006, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIG-Projects
since 20142.231.140.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11423B0284/00T006 | Flanders | 406 m² | 1 · 79 m² | 10.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500Y5PNSXGI0HOP27
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 15,485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2014
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.