MIGALIFA
Open bankruptcyA bankruptcy procedure is open for MIGALIFA according to publications in the Belgian State Gazette; curator: STEPHANIE BASTIEN. The 2024 annual accounts show equity of €421k and a net result of €232k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2024, micro schema
Turnover
€740k
EBIT margin
31.4%
Net result
€232k
2023 · €-43k
2019: €-61k
2020: €-70k
2021: €-28k
2022: €-31k
2023: €-43k
2019 → 2024
Working capital
€99k
2023 · €-13k
2019: €77k
2020: €24k
2021: €17k
2022: €18k
2023: €-13k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€740k
Equity€279k-€251k▼ 10.1%€232k▼ 7.6%€189k▼ 18.7%€421k▲ 123%
Operating result€-68k-€-27k▲ 60.1%€-26k▲ 3.0%€-37k▼ 42.9%€232k
Net result€-70k-€-28k▲ 59.6%€-31k▼ 11.1%€-43k▼ 38.1%€232k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €232k after a loss of €37k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €642k
Fixed assets
€322k▲ 57.2%
Current assets
€320k▲ 551%
Equity and liabilities €642k
Equity
€421k▲ 123%
Debt
€221k▲ 238%
The debt ratio rises from 25.8% to 34.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€334k▲
2023 · €-11k
Cash flow
€334k▲
2023 · €-17k
Solvency
65.6%▼
2023 · 74.2%
Current ratio
1.45▲
2023 · 0.79
Quick ratio
1.14▲
2023 · 0.64
Debt / equity
0.53▲
2023 · 0.35
ROE
55.2%▲
2023 · -23.1%
ROA
36.2%▲
2023 · -17.1%
Debt
€221k▲
2023 · €66k
Debt ≤ 1 year
€221k▲
2023 · €63k
Staff costs
€211k▲
2023 · €173k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€254k€642k▲
Fixed assets21/28€205k€322k▲
Tangible fixed assets22/27€205k€322k▲
Land and buildings22-€9k
Plant, machinery and equipment23€9k€58k▲
Furniture and vehicles24€1k€71k▲
Other tangible fixed assets26€194k€184k▼
Current assets29/58€49k€320k▲
Stocks and contracts in progress3€9k€69k▲
Stocks30/36€9k€69k▲
Amounts receivable within one year40/41€4k€55k▲
Trade receivables40€4k€55k▲
Other amounts receivable41€283-
Cash at bank and in hand54/58€33k€195k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€254k€642k▲
Equity10/15€189k€421k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1k€1k=
Profit (loss) carried forward14€167k€399k▲
Amounts payable17/49€66k€221k▲
Amounts payable after more than one year17€3k-
Trade debts175€3k-
Amounts payable within one year42/48€63k€221k▲
Trade debts44€29k€73k▲
Suppliers440/4€29k€73k▲
Taxes, remuneration and social security45€23k€148k▲
Taxes450/3€11k€31k▲
Remuneration and social security454/9€12k€117k▲
Other amounts payable47/48€10k-
Accrued charges and deferred income492/3€14€14▼
Income statement
Code20232024
Turnover70-€740k
Goods, raw materials, services and sundry goods60/61-€192k
Remuneration, social security and pensions62€173k€211k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€101k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k-
Other operating charges640/8€2k€3k▲
Gross operating margin9900€174k€548k▲
Operating profit (loss)9901€-37k€232k▲
Financial income75/76B€39€39▲
Recurring financial income75€39€39▲
Financial charges65/66B€6k-
Recurring financial charges65€6k-
Profit (loss) for the period before taxes9903€-43k€232k▲
Income taxes67/77€132-
Profit (loss) for the period9904€-43k€232k▲
Profit (loss) for the period to be appropriated9905€-43k€232k▲
Appropriation of the result
Profit (loss) to be appropriated9906€167k€399k▲
Profit (loss) brought forward from the previous period14P€210k€167k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-09
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · MIGALIFA SRL RUE DE CHAMPLES 30, 1301 WAVRE · event 03-09-2026
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 270 days late
2024
30-06
Financial
Back to profitnet €232k
Net result €232k after 5 loss-making years.
30-06
Financial
Equity above €200kEq €421k ▲123%
Equity rises from €189k to €421k.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2025
SACCO Angelo
CurrentDirector · since 10-03-2025
Gestion Serra SRL
CurrentGérant · since 30-04-2024 · Legal entity
10-03-2025
SACCO Angelo: Appointed as Director
10-03-2025
ZORSU Tayfun: Resigned as Director
30-04-2024
Gestion Serra SRL: Appointed as Gérant
30-04-2024
Ligot Miguel: Resigned as Gérant
Location & real-estate footprint
1 establishment unit since 2010
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.
Ground area
979 m²
Building footprint
296 m²
Volume, LiDAR
1,492 m³
Parcel 25006D0002/00G000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIGALIFA
since 20102.186.278.545
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0002/00G000 | Wallonia | 979 m² | 1 · 296 m² | 8.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEPHANIE BASTIEN CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
03-09-2026 → present |
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 6,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2010
Fiscal year end30-06
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.