Investments
€4,832 2.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 14.1% higher than in 2024.
MIGARTE
Lifetime
7 annual accounts with figures on one time axispeak €23,927 (2021)
-€8,423▼ €24,702
lowest -€15,523 (2025)
-€15,523▼ €17,027
peak €30,648 (2022)
€13,499▼ 53.5%
€20,223▲ 8.5%
Board2 names since 2018
2 directorsTAVARES PINTO Luís and 1 other
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €16,278 to -€8,423Loss of €15,523Equity from €29,022 to €13,499
Key points
from the 2025 annual accountsFilings
7 annual accounts 7 late
The 2022 accounts came latest: 32 days after the end of the period.
Position in the sector
-€15,523
Lower net result than 90% of companies in personal services. Sector median €2,798 · 5,761 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 24% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.3%▼ -0.2 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.9%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -0.9 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.4%▼ -0.1 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €15,523 (financial year 2025)
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.35, cash €7,766
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 43% of them on solvency, 39% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as MIGARTE has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MIGARTE itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,591 companies, not a prediction for MIGARTE. 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
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.35 (2.25 in 2024), below the usual 1.5. Short-term debt is 60% and cash 23% of total assets. 60% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
30 days late
2024
31 days late
2023
29 days late
2022
32 days late
2021
31 days late
2020
11 days late
2019
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0707623116
Reappointment: TAVARES PINTO Luís (director)
General meeting of 10-11-2023 · Gazette deed
First establishment
Fushia Coiffure, Hansen-Soulielaan 42, Etterbeek
Incorporation
Founder: TAVARES PINTO Luís Miguel · Founding capital of €2,000, 1,000 shares · Appointment: TAVARES PINTO Luís Miguel (manager) · published on 04-10-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIGARTE Sint-Pieters-Leeuw | €33,722 | -€8,423 | 40.0% | - |
| THE CROWN Dilbeek | €37,123 | -€5,072 | -44.1% | - |
| SABALI Tremelo | €39,944 | -€7,332 | 44.0% | - |
| KERASTARS Hairdressing Ternat | €31,491 | €648 | 57.0% | - |
| KAKO Leuven | €29,790 | €325 | 63.4% | - |
| CARO33 Brussels | €30,203 | -€2,670 | 20.7% | - |
| Mayah and J Chapelle-lez-Herlaimont | €42,144 | -€5,370 | 16.7% | - |
These companies have the same main activity as MIGARTE: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €29,800 and €42,100, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 02-10-2018Normal situation
- Activity
- Hairdressing and barber servicesNACE 96210
- Establishment unit
- 2.291.949.8501040 Etterbeek, since 09-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on MIGARTE
MIGARTE files the micro format. That format states no turnover. The gross margin fell from €10,607 in 2019 to -€8,423 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MIGARTE
- What is the company number of MIGARTE?
- The company number of MIGARTE is 0707.623.116. The VAT number is the same number with BE in front: BE 0707.623.116.
- Where is MIGARTE based?
- The registered office is at Brusselbaan 277, 1600 Sint-Pieters-Leeuw.Company details
- What does MIGARTE do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of MIGARTE?
- MIGARTE is a private limited company (BV).
- When was MIGARTE founded?
- MIGARTE was founded on 02-10-2018.
- Is MIGARTE still active?
- Yes, MIGARTE is an active enterprise in the KBO register.
- What is the turnover of MIGARTE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MIGARTE profitable?
- In financial year 2025, MIGARTE made a loss of €15,523.
- Where can I find the annual accounts of MIGARTE?
- MIGARTE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIGARTE due?
- MIGARTE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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