MIGALO
ActiveMIGALO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €-1k. Its solvency ranks better than 43% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-69
Solvency73▼-19
Growth32
Track record82
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.76 in 2024; short-term debt: 29.2% and cash: 54% of total assets), but 52.2% 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+raises 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.8%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
5 d late
2024
28 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▼ 1.4%
2024 · €83k
2024: €83k
2024 → 2025
Total assets
€170k▲ 38.7%
2024 · €123k
2024: €123k
2024 → 2025
Net result
€-1k
2024 · €81k
2024: €81k
2024 → 2025
Working capital
€43k▼ 39.8%
2024 · €71k
2024: €71k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€83k-€81k▼ 1.4%
Operating result€103k-€38k▼ 62.8%
Net result€81k-€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€78k▲ 558%
Current assets
€92k▼ 16.9%
Equity and liabilities €170k
Equity
€81k▼ 1.4%
Provisions
€39k
Debt
€50k▲ 23.5%
The debt ratio falls from 32.7% to 29.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €104k
Cash flow
€3k▼
2024 · €81k
Solvency
47.8%▼
2024 · 67.3%
Current ratio
1.86▼
2024 · 2.76
Quick ratio
1.86▼
2024 · 2.76
Debt / equity
0.61▲
2024 · 0.49
ROE
-1.4%▼
2024 · 97.6%
ROA
-0.7%▼
2024 · 65.6%
Interest coverage
1.57▼
2024 · 1418.01
Debt
€50k▲
2024 · €40k
Debt ≤ 1 year
€50k▲
2024 · €40k
Income taxes
€13k▼
2024 · €22k
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€123k€170k▲
Fixed assets21/28€12k€78k▲
Tangible fixed assets22/27€12k€18k▲
Plant, machinery and equipment23€1k€898▼
Furniture and vehicles24€11k€17k▲
Financial fixed assets28-€60k
Current assets29/58€111k€92k▼
Amounts receivable within one year40/41€1k€0▼
Trade receivables40€1k€0▼
Cash at bank and in hand54/58€106k€92k▼
Deferred charges and accrued income490/1€3k€235▼
Equity and liabilities
Total equity and liabilities10/49€123k€170k▲
Equity10/15€83k€81k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€81k€79k▼
Provisions and deferred taxes16-€39k
Provisions for liabilities and charges160/5-€39k
Other liabilities and charges164/5-€39k
Amounts payable17/49€40k€50k▲
Amounts payable within one year42/48€40k€50k▲
Trade debts44€6k€460▼
Suppliers440/4€6k€460▼
Taxes, remuneration and social security45€34k€41k▲
Taxes450/3€34k€41k▲
Other amounts payable47/48€504€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€581€4k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€39k
Other operating charges640/8€1k€3k▲
Gross operating margin9900€105k€84k▼
Operating profit (loss)9901€103k€38k▼
Financial income75/76B-€42
Recurring financial income75-€42
Financial charges65/66B€73€27k▲
Recurring financial charges65€73€27k▲
Profit (loss) for the period before taxes9903€103k€12k▼
Income taxes67/77€22k€13k▼
Profit (loss) for the period9904€81k€-1k▼
Profit (loss) for the period to be appropriated9905€81k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€79k▼
Profit (loss) brought forward from the previous period14P-€81k
The notes to these accounts (9 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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
NBB filing
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, Brussel · 1 establishment unit since 2024
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.
Emile Duraylaan 681000 BrusselGround area
793 m²
Building footprint
421 m²
Volume, LiDAR
10,983 m³
Parcel 21822R0307/00T000, Brussels · tallest building 32.5 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
MIGALO
since 20242.356.220.961
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0307/00T000 | Brussels | 793 m² | 1 · 421 m² | 32.5 m · 10 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
9845008706D68FN98427
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 40,156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2024
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.