MIGERMA
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 15-07-2025 PDF all 31 filings
Turnover
€8,360▲ 392%
2022 · €1,700
EBIT margin
100.0%▲ 78.8pp
2022 · 21.2%
Net result
-€2,769
2023 · €8,276
Working capital
€29,389▼ 90.9%
2022 · €323,082
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
-€2,769
2024
20182024
Net result
-€2,769
2024
20182024
EBIT margin
no figure
2024
20182024
Equity
€327,204
▼ 0.8%
2024
20182024
Total assets
€341,263
▲ 1.2%
2024
20182024
Debt
€9,259
▲ 819%
2024
20182024
Working capital
€29,389
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€1,700€8,360▲ 392%
Operating result-€8,815--€468▲ 94.7%-€3,639▼ 678%€127,583€361▼ 99.7%€8,360▲ 23×-€2,769
Net result-€8,974--€584▲ 93.5%-€3,695▼ 533%€119,508€276▼ 99.8%€8,276▲ 30×-€2,769
EBIT margin21.2%100.0%▲ 78.8pp
Equity€206,192-€205,608▼ 0.3%€201,914▼ 1.8%€321,421▲ 59.2%€321,697▲ 0.1%€329,973▲ 2.6%€327,204▼ 0.8%
Total assets€242,870-€207,686▼ 14.5%€209,655▲ 0.9%€337,841▲ 61.1%€337,701=€337,380▼ 0.1%€341,263▲ 1.2%
Debt€36,677-€2,077▼ 94.3%€7,742▲ 273%€8,419▲ 8.8%€8,003▼ 4.9%€1,007▼ 87.4%€9,259▲ 819%
Working capital€94,836-€94,252▼ 0.6%€90,619▼ 3.9%€322,806▲ 256%€323,082▲ 0.1%€29,389
The operating result for 2024 is a loss of €2,769, after a profit of €8,360 in 2023.
Large changes and their cause
- 2022 Net result -100% on 2021. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €341,263
Fixed assets
€302,615 ▼ 0.2%
Current assets
€38,648 ▲ 13.1%
Equity and liabilities €341,263
Equity
€327,204 ▼ 0.8%
Provisions
€4,800 ▼ 25.0%
Debt
€9,259 ▲ 819%
Debt's share of the balance-sheet total rises from 0.3% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.17
Debt to equity
0.03▲
2023 · 0.00
ROE
-0.8%▼
2023 · 2.5%
ROA
-0.8%▼
2023 · 2.5%
Debt ≤ 1 year
€9,259
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Financial fixed assets | - | - | €296,600 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1,700 | €8,360 | - | - |
| Non-recurring operating income76A | - | - | - | €130,259 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €472 | €2,501 | €2,769 | ▲ 10.7% |
| Other operating charges640/8 | - | - | - | €852 | €868 | - | - | - |
| Gross operating margin9900 | -€1,146 | €3,045 | -€2,780 | €128,434 | €1,228 | €8,360 | -€2,769 | - |
| Operating profit (loss)9901 | -€8,815 | -€468 | -€3,639 | €127,583 | €361 | €8,360 | -€2,769 | - |
| Financial charges65/66B | - | - | - | €75 | €85 | €84 | - | - |
| Recurring financial charges65 | €159 | €116 | €56 | €75 | €85 | €84 | - | - |
| Profit (loss) for the period before taxes9903 | -€8,974 | -€584 | -€3,695 | €127,508 | €276 | €8,276 | -€2,769 | - |
| Transfer to deferred taxes680 | - | - | - | €8,000 | - | - | - | - |
| Profit (loss) for the period9904 | -€8,974 | -€584 | -€3,695 | €119,508 | €276 | €8,276 | -€2,769 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €32,000 | €57,730 | €1,007 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€8,974 | -€584 | -€3,695 | €87,508 | -€57,454 | €7,269 | -€2,769 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €242,870 | €207,686 | €209,655 | €337,841 | €337,701 | €337,380 | €341,263 | ▲ 1.2% |
| Fixed assets21/28 | €111,356 | €111,356 | €111,356 | €6,615 | €6,615 | €303,215 | €302,615 | ▼ 0.2% |
| Tangible fixed assets22/27 | €111,156 | €111,156 | €111,156 | €6,415 | €6,415 | €6,415 | €6,415 | = |
| Land and buildings22 | - | - | - | €6,415 | €6,415 | €6,415 | €6,415 | = |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | €296,800 | €296,200 | ▼ 0.2% |
| Current assets29/58 | €131,514 | €96,330 | €98,299 | €331,226 | €331,086 | €34,165 | €38,648 | ▲ 13.1% |
| Amounts receivable after more than one year29 | - | - | - | €235,000 | €235,000 | €34,115 | €34,115 | = |
| Other amounts receivable291 | - | - | - | €235,000 | €235,000 | €34,115 | €34,115 | = |
| Amounts receivable within one year40/41 | €131,456 | €96,306 | €96,306 | €95,506 | €95,917 | - | - | - |
| Other amounts receivable41 | - | - | - | €95,506 | €95,917 | - | - | - |
| Cash at bank and in hand54/58 | €57 | €23 | €1,993 | €720 | €169 | €50 | €44 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €4,489 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €242,870 | €207,686 | €209,655 | €337,841 | €337,701 | €337,380 | €341,263 | ▲ 1.2% |
| Equity10/15 | €206,192 | €205,608 | €201,914 | €321,421 | €321,697 | €329,973 | €327,204 | ▼ 0.8% |
| Contributions10/11 | €298,712 | €298,712 | €298,712 | €298,712 | €298,712 | €298,712 | €298,712 | = |
| Capital10 | - | - | - | €298,712 | €298,712 | €298,712 | €298,712 | = |
| Issued capital100 | - | - | - | €298,712 | €298,712 | €298,712 | €298,712 | = |
| Reserves13 | - | - | - | €32,000 | €89,730 | €91,744 | €91,744 | = |
| Non-distributable reserves130/1 | - | - | - | - | - | €1,007 | €1,007 | = |
| Legal reserve130 | - | - | - | - | - | €1,007 | €1,007 | = |
| Tax-exempt reserves132 | - | - | - | €32,000 | €89,730 | €90,737 | €90,737 | = |
| Profit (loss) carried forward14 | -€92,519 | -€93,103 | -€96,798 | -€9,290 | -€66,744 | -€60,483 | -€63,252 | ▼ 4.6% |
| Provisions and deferred taxes16 | - | - | - | €8,000 | €8,000 | €6,400 | €4,800 | ▼ 25.0% |
| Deferred taxes168 | - | - | - | €8,000 | €8,000 | €6,400 | €4,800 | ▼ 25.0% |
| Amounts payable17/49 | €36,677 | €2,077 | €7,742 | €8,419 | €8,003 | €1,007 | €9,259 | ▲ 819% |
| Amounts payable within one year42/48 | €36,677 | €2,077 | €7,680 | €8,419 | €8,003 | - | €9,259 | - |
| Trade debts44 | - | - | €877 | €2,717 | - | - | - | - |
| Suppliers440/4 | - | - | - | €2,717 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,702 | €8,003 | - | €9,259 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,007 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,974 | -€584 | -€3,695 | €119,508 | €276 | €8,276 | -€2,769 | - |
| Operating cash flow (approximation) | -€8,974 | -€584 | -€3,695 | €119,508 | €276 | €8,276 | -€2,769 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €104,741 | €0 | -€296,600 | €600 | - |
| Change in cash | - | -€34 | €1,970 | -€1,273 | -€551 | -€118 | -€7 | ▲ 94.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 15-07-2025 | 2025-00270074 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00315766 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00309166 | |
| 31-12-2021 | micro format | 16-10-2022 | 2022-20462028 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400217 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65300167 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62200169 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58200579 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56300578 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-51800312 |