Miglio
ActiveSummary
Miglio has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-53k) and a net result of €-114k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-19
Solvency17▼-13
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 1.04 in 2024; short-term debt: 107.7% and cash: 18.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 15869 sector peers (2024).
NBB · sector comparisonPosition among 15869 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
NBB · annual accounts 2024Net result per financial year
1819202122232425
2018 to 2025 · latest year €-114k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 10 filingsDeviation from the deadline
2025
53 d late
2024
28 d late
2023
44 d late
2022
120 d late
2021
60 d late
2020
27 d late
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-53k
2024 · €60k
2018: €24k
2019: €24k
2020: €32k
2021: €37k
2022: €44k
2023: €58k
2024: €60k
2018 → 2025
Total assets
€691k▼ 46.3%
2024 · €1.29M
2018: €377k
2019: €511k
2020: €624k
2021: €783k
2022: €970k
2023: €1.11M
2024: €1.29M
2018 → 2025
Net result
€-114k
2024 · €2k
2018: €-20k
2019: €61
2020: €7k
2021: €5k
2022: €7k
2023: €14k
2024: €2k
2018 → 2025
Working capital
€-134k
2024 · €45k
2018: €-90k
2019: €-72k
2020: €-47k
2021: €-26k
2022: €-3k
2023: €27k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€44k▲ 20.3%€58k▲ 32.2%€60k▲ 3.5%€-53k
Operating result€-18k-€-29k▼ 65.9%€-44k▼ 51.1%€-54k▼ 22.7%€-105k▼ 95.0%
Net result€5k-€7k▲ 42.2%€14k▲ 91.1%€2k▼ 85.6%€-114k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €105k in 2025 against €54k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691k
Fixed assets
€81k ▲ 417%
Current assets
€610k ▼ 52.0%
Key figures and ratios
EBITDA
€-95k▼
2024 · €-38k
Cash flow
€-103k▼
2024 · €18k
Solvency
-7.7%▼
2024 · 4.7%
Current ratio
0.82▼
2024 · 1.04
Quick ratio
0.60▼
2024 · 1.04
Debt to equity
-14.02▼
2024 · 20.28
ROA
-16.4%▼
2024 · 0.2%
Interest coverage
-11.68▲
2024 · -97.19
Debt
€744k▼
2024 · €1.23M
Debt ≤ 1 year
€744k▼
2024 · €1.23M
Income taxes
€84▼
2024 · €768
Staff costs
€39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€691k▼
Fixed assets21/28€16k€81k▲
Intangible fixed assets21-€70k
Tangible fixed assets22/27€16k€11k▼
Plant, machinery and equipment23€16k€5k▼
Furniture and vehicles24-€5k
Current assets29/58€1.27M€610k▼
Stocks and contracts in progress3-€163k
Stocks30/36-€163k
Amounts receivable within one year40/41€1.27M€318k▼
Trade receivables40€89k€95k▲
Other amounts receivable41€1.18M€223k▼
Cash at bank and in hand54/58€101€129k▲
Equity and liabilities
Total equity and liabilities10/49€1.29M€691k▼
Equity10/15€60k€-53k▼
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€42k€1k▼
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133€41k€1k▼
Profit (loss) carried forward14-€-73k
Amounts payable17/49€1.23M€744k▼
Amounts payable within one year42/48€1.23M€744k▼
Trade debts44€1.21M€125k▼
Suppliers440/4€1.21M€125k▼
Taxes, remuneration and social security45€14k€4k▼
Taxes450/3€14k€81▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€5k€614k▲
Income statement
Code20242025
Non-recurring operating income76A-€100k
Remuneration, social security and pensions62-€39k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€10k▼
Other operating charges640/8-€1k
Gross operating margin9900€-38k€-55k▼
Operating profit (loss)9901€-54k€-105k▼
Financial income75/76B€57k€21▼
Recurring financial income75€57k€21▼
Financial charges65/66B€395€8k▲
Recurring financial charges65€395€8k▲
Profit (loss) for the period before taxes9903€3k€-113k▼
Income taxes67/77€768€84▼
Profit (loss) for the period9904€2k€-114k▼
Profit (loss) for the period to be appropriated9905€2k€-114k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-114k▼
Transfer from equity791/2-€41k
Transfer to equity691/2€2k-
To other reserves6921€2k-
The notes to these accounts (6 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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
2025
31-12
Financial
Weakest financial yearnet €-114k ▼5639%
Net result drops to €-114k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Highest result since 2018net €14k ▲91.1%
Net result €14k, the highest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Back to profitnet €61
Net result €61 after one loss-making year.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Diepenbeek · 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.
Groeningenweg 23590 DiepenbeekGround area
1,924 m²
Building footprint
768 m²
Parcel 71402D1112/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
Miglio
since 20102.185.125.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |
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.
Similar companies · same sector, comparable size
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BE 0683.899.191
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BE 0889.494.948
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AA & O
BE 0439.220.156
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BUDEBRUS
BE 0755.945.447
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JAEGHER SONS
BE 0425.664.605
Brugge · Eq €61,952
Of 473 companies in sector 46842 we hold annual accounts for 346. 181 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2010
Fiscal year end31-12
Legal name NL
SKELLET CLIMATE
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
46842Wholesale trade
25110Manufacture of metal structures and parts of structures
43211General electrical installation work
43223Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.