Equity
-€252,952
Debts exceed assets in financial year 2025.
MIGN
Lifetime
5 annual accounts with figures on one time axispeak €100,684 (2022)
€84,781▲ 27.7%
lowest -€165,641 (2021)
-€35,322▲ €6,205
peak -€145,641 (2021)
-€252,952▼ €35,322
€1.1m▼ 2.6%
Board4 names since 2020
4 directors and 3 others
Owners2 names in the annual accounts
Documentsfilings and deeds
09-04-2026113 days before the deadline
2025micro format
Gross margin from €66,408 to €84,781Loss of €35,322Equity from -€217,630 to -€252,952Cash from €4,478 to €19,952
Key points
from the 2025 annual accountsLosses
-€272,952 in five years
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
Turnover
≈ €260,000 estimated
The micro format states no turnover.
Debts
€1.1m 129% of the balance sheet
Financial debts 41%Suppliers 1%Taxes and wages 0%Other 59%
Of this, €673,116 falls due within a year.
Filings
5 annual accounts 1 late
The 2021 accounts came 103 days late. The other four were filed on time.
Position in the sector
-€252,952
Less equity than 95% of companies in accommodation. Sector median €58,059 · 1,845 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as MIGN has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,564 companies, not a prediction for MIGN. 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
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Signals
Board and ownership
Director, since 25-10-2020
Director, since 25-10-2020
Director, since 25-10-2020
Director, since 25-11-2020
- 50%equity €466,621 (2025) · 2025 annual accounts of
- 50%score equity €566,807 (2025) · 2022 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758751420
Incorporation
Founders: and · 100 shares · Appointments: ; ; and · published on 27-11-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIGN Bertrix | €885,376 | €84,781 | -28.6% | - |
| C & H Invest Kortrijk | €914,102 | €74,362 | -10.5% | - |
| Gump Ronse | €773,376 | €74,533 | 16.2% | - |
| Etienne Renard Kruisem | €899,067 | €74,478 | -13.2% | - |
| HAYANA Chaudfontaine | €944,653 | €78,871 | 3.0% | - |
| Karré Mont Kluisbergen | €967,166 | €73,676 | 15.3% | - |
| Despierre - Finaut Houthulst | €797,023 | €93,163 | 7.9% | - |
These companies have the same main activity as MIGN: holiday cottages, homes and apartments (NACE 55203). They are comparable in size and age: total assets between €773,000 and €967,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 25-11-2020Normal situation
- Activity
- Holiday cottages, homes and apartmentsNACE 55203
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €885,376▼ 6.9%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 09-04-2026, 113 days before the end of the filing period
Insights on MIGN
MIGN files the micro format. That format states no turnover. The gross margin rose from €1,836 in 2021 to €84,781 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 MIGN
- What is the company number of MIGN?
- The company number of MIGN is 0758.751.420. The VAT number is the same number with BE in front: BE 0758.751.420.
- Where is MIGN based?
- The registered office is at Rue d'Outrouge 2, 6880 Bertrix.Company details
- What does MIGN do?
- According to the KBO register, the main activity is holiday cottages, homes and apartments (NACE 55203).
- What is the legal form of MIGN?
- MIGN is a private limited company (BV).
- When was MIGN founded?
- MIGN was founded on 25-11-2020.
- Is MIGN still active?
- Yes, MIGN is an active enterprise in the KBO register.
- How many employees does MIGN have?
- MIGN had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MIGN?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €84,781 and 2,666 comparable companies of the same size. It probably lies between €170,000 and €440,000. It is a rough estimate.
- Is MIGN profitable?
- In financial year 2025, MIGN made a loss of €35,322.
- Where can I find the annual accounts of MIGN?
- MIGN filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIGN due?
- MIGN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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