MIGNON (0473.355.050): financials and annual accounts

MIGNON

Uccle ·KBO/BCE: BE 0473.355.050

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	462,945	349,136	312,609	303,134	310,776	319,703	323,797	304,151	302,343	323,606	303,063	303,025	320,981	368,892	160,977	138,654	164,758	113,093	113,062
Fixed assets`21/28`	167,177	123,263	132,603	142,988	152,115	173,878	202,388	194,387	208,605	223,978	218,217	229,891	242,728	271,452	111,684	112,432	158,945	81,841	89,128
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,293	27,795	42,297
Tangible fixed assets`22/27`	162,461	118,547	127,888	138,272	147,399	169,013	189,523	181,522	195,740	211,329	205,568	217,242	230,079	258,803	99,035	99,783	133,003	54,046	46,831
Land and buildings`22`	90,982	97,975	104,969	111,963	118,957	125,951	132,940	139,926	146,913	153,900	160,887	167,874	174,861	181,848	-	-	-	29,789	34,585
Plant, machinery and equipment`23`	67,978	18,660	22,918	19,235	14,123	20,201	25,058	32,820	43,801	43,834	21,442	22,624	14,995	22,450	29,945	20,439	28,380	2,423	4,021
Furniture and vehicles`24`	1,302	1,911	-	7,074	14,319	22,861	31,526	8,776	632	2,459	5,361	2,125	8,862	16,194	23,828	27,133	3,737	705	8,225
Other tangible fixed assets`26`	2,200	-	-	-	-	-	-	-	4,394	11,136	17,878	24,619	31,361	38,311	45,262	52,212	100,886	21,128	-
Financial fixed assets`28`	4,716	4,716	4,716	4,716	4,716	4,865	12,865	12,865	12,865	12,649	12,649	12,649	12,649	12,649	12,649	12,649	12,649	-	-
Current assets`29/58`	295,767	225,873	180,005	160,146	158,661	145,826	121,409	109,764	93,737	99,628	84,846	73,134	78,253	97,440	49,293	26,221	5,813	31,252	23,934
Amounts receivable after more than one year`29`	0	28,609	36,239	43,714	51,042	58,224	65,264	72,165	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	0	28,609	36,239	43,714	51,042	58,224	65,264	72,165	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	202,707	99,531	78,482	33,233	32,772	51,076	21,697	8,755	60,822	71,024	56,069	42,879	45,202	62,292	39,074	21,401	12	6,153	3,937
Trade receivables`40`	17,943	-	8,859	8,577	7,725	7,500	394	3,640	3,416	3,114	2,268	2,042	1,074	543	-	-	-	6,153	3,390
Other amounts receivable`41`	184,764	99,531	69,623	24,656	25,047	43,576	21,303	5,115	57,406	67,910	53,801	40,837	44,128	61,749	39,074	21,401	12	-	547
Current investments`50/53`	24,594	24,594	25,680	18,600	11,880	5,160	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	56,366	57,145	25,384	48,868	45,111	12,032	13,183	4,834	6,846	3,776	1,892	1,501	1,409	281	339	313	4,108	22,328	7,589
Deferred charges and accrued income`490/1`	12,101	15,994	14,220	15,731	17,856	19,335	21,264	24,010	26,069	24,828	26,885	28,754	31,642	34,867	9,880	4,507	1,693	2,772	12,408
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	462,945	349,136	312,609	303,134	310,776	319,703	323,797	304,151	302,343	323,606	303,063	303,025	320,981	368,892	160,977	138,654	164,758	113,093	113,062
Equity`10/15`	156,506	252,861	178,611	116,815	65,580	108,922	74,767	60,698	29,345	25,601	36,616	31,293	28,477	23,162	48,736	34,703	19,986	21,198	27,969
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405	12,405
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195	6,195
Reserves`13`	137,906	234,261	160,011	98,215	46,980	96,516	62,362	48,292	16,939	13,195	24,211	18,888	16,072	10,757	9,829	10,651	11,472	3,803	3,803
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	4,154	4,706	3,039	3,861	4,682	5,504	6,326	7,147	7,969	8,791	9,612	1,943	1,943
Distributable reserves`133`	137,906	234,261	160,011	96,355	45,120	94,656	56,348	41,726	12,040	7,475	17,669	11,524	7,886	1,750	-	-	-	-	-
Profit (loss) carried forward`14`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	26,502	11,648	-3,891	4,989	11,761
Provisions and deferred taxes`16`	-	-	-	-	-	-	566	708	564	987	1,411	1,833	2,256	2,679	3,103	3,526	3,949	-	-
Deferred taxes`168`	-	-	-	-	-	-	566	708	564	987	1,411	1,833	2,256	2,679	3,103	3,526	3,949	-	-
Amounts payable`17/49`	306,439	96,276	133,998	186,319	245,196	210,782	248,463	242,745	272,434	297,018	265,036	269,899	290,248	343,051	109,138	100,424	140,823	91,895	85,093
Amounts payable after more than one year`17`	67,466	51,841	69,612	93,461	117,384	140,800	157,262	160,127	184,740	212,495	202,809	209,319	229,617	247,292	57,554	61,327	51,602	62,511	37,209
Financial debts`170/4`	28,778	9,929	24,480	45,105	65,804	85,996	99,234	98,875	120,264	144,795	131,885	135,171	152,245	166,696	57,554	61,327	51,602	62,511	37,209
Other amounts payable`178/9`	38,688	41,912	45,132	48,356	51,580	54,804	58,028	61,252	64,476	67,700	70,924	74,148	77,372	80,596	-	-	-	-	-
Amounts payable within one year`42/48`	234,397	41,935	64,386	92,858	127,812	69,981	84,057	82,146	87,660	84,470	62,218	60,441	60,631	90,243	51,584	39,098	83,035	28,813	46,370
Current portion of amounts payable after more than one year`42`	19,726	17,775	23,849	23,923	23,416	28,978	36,759	32,964	27,755	27,115	16,113	20,298	26,675	31,690	24,941	20,136	11,407	14,698	34,827
Financial debts`43`	8,469	11,886	19,726	10,063	27,856	-	1,748	397	11,417	8,177	5,795	13,292	7,803	6,451	4,803	3,606	-	-	13
Credit institutions`430/8`	8,469	11,886	19,726	10,063	27,856	-	1,748	397	11,417	8,177	5,795	13,292	7,803	6,451	4,803	-	-	-	13
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,606	-	-	-
Trade debts`44`	15,621	4,133	13,737	21,772	13,371	18,701	16,529	25,333	35,129	21,170	32,322	15,276	10,169	15,121	6,787	7,053	19,671	7,628	5,026
Suppliers`440/4`	15,621	4,133	13,737	21,772	13,371	18,701	16,529	25,333	35,129	21,170	32,322	15,276	10,169	15,121	6,787	7,053	19,671	7,628	5,026
Taxes, remuneration and social security`45`	8,681	8,140	7,073	16,100	28,170	22,303	29,020	23,452	13,359	5,162	7,013	11,575	11,636	18,201	15,053	8,303	9,177	5,952	2,102
Taxes`450/3`	1,514	-	25	8,350	25,314	20,055	23,184	17,655	7,936	4,374	3,713	8,195	9,416	15,088	11,700	6,260	6,250	4,090	585
Remuneration and social security`454/9`	7,167	8,140	7,048	7,750	2,856	2,247	5,836	5,798	5,423	789	3,300	3,380	2,220	3,113	3,353	2,043	2,927	1,862	1,517
Other amounts payable`47/48`	181,900	-	-	21,000	35,000	-	-	-	-	22,847	975	-	4,348	18,780	-	-	42,780	535	4,402
Accrued charges and deferred income`492/3`	4,575	2,500	-	-	-	-	7,145	473	34	52	9	139	-	5,516	-	-	6,186	571	1,514
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	472,622	-	-	384,754	-	-
Non-recurring operating income`76A`	0	603	-	36,710	8,000	7,320	5	58	0	4,199	16	93	118	1,256	1,425	9,202	12,493	67	73
Gross operating margin`9900`	189,029	180,904	178,458	193,185	196,929	118,211	118,109	132,963	92,031	91,531	80,036	71,207	78,068	67,730	73,992	70,110	56,014	48,062	49,308
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	413,943	-	-	344,580	-	-
Remuneration, social security and pensions`62`	62,209	61,648	61,937	53,592	39,673	32,595	49,990	48,111	44,571	35,525	32,520	22,341	19,776	19,890	20,351	19,261	19,004	15,280	10,716
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	14,360	11,778	20,343	20,411	21,613	27,769	29,197	29,343	29,530	28,039	26,613	29,027	33,675	33,705	26,754	35,912	35,915	32,237	30,611
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-3,111	3,111	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	3,737	2,565	2,062	1,918	1,880	5,912	3,865	3,880	4,083	1,878	1,811	1,752	1,687	1,447	2,923	2,204	1,389	2,106	2,715
Non-recurring operating charges`66A`	-	-	1,212	-	-	-	335	472	403	1,496	926	1,735	399	2,619	-	-	631	432	295
Operating profit (loss)`9901`	108,724	104,914	92,904	117,265	133,763	55,045	31,611	51,156	13,444	24,593	19,092	18,087	22,930	12,688	23,964	12,734	-294	-1,561	5,266
Financial income`75/76B`	7,599	6,608	821	954	1,126	1,322	1,380	619	0	0	1	10	1	4	35	4	82	25	21
Recurring financial income`75`	7,599	6,608	821	954	1,126	1,322	1,380	619	0	0	1	10	1	4	35	4	82	25	21
Financial charges`65/66B`	4,260	4,900	5,414	5,372	5,533	6,816	8,393	6,185	6,562	10,579	9,570	10,732	11,191	11,396	3,907	3,886	8,913	4,866	5,999
Recurring financial charges`65`	4,260	4,900	5,414	5,372	5,533	6,816	5,390	6,185	6,562	10,579	9,570	10,732	11,191	11,396	3,907	3,886	8,913	4,866	5,999
Non-recurring financial charges`66B`	-	-	-	-	-	-	3,003	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	112,064	106,622	88,311	112,847	129,356	49,552	24,598	45,590	6,883	14,015	8,613	5,723	11,459	-67	21,517	18,054	2,737	-6,768	-934
Income taxes`67/77`	26,518	32,372	26,515	31,612	34,236	15,964	10,670	14,093	3,562	4,453	3,713	3,329	6,567	930	7,907	3,760	-	4	587
Profit (loss) for the period`9904`	85,546	74,250	61,796	81,235	95,120	34,154	14,070	31,353	3,744	9,985	5,323	2,817	5,315	-574	14,033	14,717	-1,212	-6,771	-1,521
Transfer from tax-exempt reserves`789`	-	-	-	-	-	4,154	553	1,096	822	822	821	821	821	821	822	822	548	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	2,763	-	-	-	-	-	-	-	-	8,216	-	-
Profit (loss) for the period to be appropriated`9905`	85,546	74,250	61,796	81,235	95,120	38,308	14,622	29,686	4,566	10,806	6,144	3,638	6,136	247	14,854	15,538	-8,880	-6,771	-1,521
Appropriation of the result
Profit (loss) to be appropriated`9906`	85,546	74,250	61,796	81,235	95,120	38,308	14,622	29,686	4,566	10,806	6,144	3,638	6,136	26,749	26,502	11,648	-3,891	4,989	11,761
Transfer from equity`791/2`	96,355	-	-	-	94,656	-	-	-	-	11,000	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	0	74,250	61,796	51,235	45,120	38,308	14,622	29,686	4,566	806	6,144	3,638	6,136	1,749	-	-	-	-	-
To other reserves`6921`	0	74,250	61,796	51,235	45,120	38,308	14,622	29,686	4,566	806	6,144	3,638	6,136	1,749	-	-	-	-	-
Profit to be distributed`694/7`	181,900	-	-	30,000	144,656	-	-	-	-	21,000	-	-	-	25,000	-	-	-	-	-
Return on contributions (dividend)`694`	181,900	-	-	30,000	144,656	-	-	-	-	21,000	-	-	-	25,000	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2	2	2.1	1.9	2	1.1	1.2	1.2	1.2	1.1	1.2	0.7	0.7	0.7	0.7	0.7	0.7	0.6	0.5
Hours worked`1013`	1,968	2,035	2,188	1,908	1,909	1,200	2,164	2,130	2,090	1,897	1,415	1,190	1,247	1,309	1,274	1,285	1,276	1,084	894
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	09-07-2026	2026-00271787	PDF
31-12-2024	micro format	29-07-2025	2025-00320543	PDF
31-12-2023	micro format	20-08-2024	2024-00352645	PDF
31-12-2022	micro format	03-07-2023	2023-00188381	PDF
31-12-2021	micro format	10-07-2022	2022-20166996	PDF
31-12-2020	micro format	11-08-2021	2021-47500002	PDF
31-12-2019	micro format	30-09-2020	2020-57300045	PDF
31-12-2018	micro format	01-08-2019	2019-42500100	PDF
31-12-2017	micro format	30-08-2018	2018-56000046	PDF
31-12-2016	micro format	29-08-2017	2017-50100445	PDF
31-12-2015	full format	30-08-2016	2016-52400433	PDF
31-12-2014	full format	27-08-2015	2015-49500200	PDF
31-12-2013	full format	15-09-2014	2014-58500237	PDF
31-12-2012	full format	30-09-2013	2013-60700348	PDF
31-12-2011	full format	26-10-2012	2012-62000336	PDF
31-12-2010	full format	11-08-2011	2011-40000072	PDF
31-12-2009	full format	12-08-2010	2010-40700245	PDF
31-12-2008	full format	29-07-2009	2009-50300254	PDF
31-12-2007	full format	31-07-2008	2008-51000185	PDF
31-12-2006	full format	10-07-2007	2007-37900024	PDF
31-12-2005	full format	04-07-2006	2006-39600005	PDF
31-12-2004	full format	18-07-2005	2005-49300171	PDF
31-12-2003	full format	28-07-2004	2004-52200046	PDF
31-12-2002	full format	07-07-2003	2003-36800278	PDF
31-12-2001	full format	09-07-2002	2002-34900265	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	123,084	116,691	113,247	137,676	155,376	82,815	60,808	80,500	42,975	52,632	45,705	47,114	56,605	46,393	50,718	48,646	35,621	30,676	35,877
Cash flow	99,905	86,027	82,139	101,646	116,733	61,924	43,267	60,696	33,274	38,024	31,936	31,844	38,990	33,131	40,787	50,629	34,703	25,466	29,090
Investment in fixed assets (approximation)	58,274	2,437	9,959	11,283	-149	7,259	45,792	15,125	14,158	33,800	14,940	16,190	4,950	193,473	26,006	31,123	142,808	24,950	858
Change in cash	-778	31,760	-23,484	3,757	33,080	-1,152	8,350	-2,013	3,070	1,884	391	92	1,128	-58	26	-3,795	-18,220	14,739	-
Working capital	61,370	183,939	115,620	67,288	30,849	75,844	37,352	27,618	6,078	15,158	22,628	12,693	17,622	7,197	-2,291	-12,877	-77,222	2,439	-22,436
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	2.7%	-	-	-0.1%	-	-
Solvency	33.8%	72.4%	57.1%	38.5%	21.1%	34.1%	23.1%	20.0%	9.7%	7.9%	12.1%	10.3%	8.9%	6.3%	30.3%	25.0%	12.1%	18.7%	24.7%
Current ratio	1.26	5.39	2.80	1.72	1.24	2.08	1.44	1.34	1.07	1.18	1.36	1.21	1.29	1.08	0.96	0.67	0.07	1.08	0.52
Debt to equity	1.96	0.38	0.75	1.59	3.74	1.94	3.32	4.00	9.28	11.60	7.24	8.62	10.19	14.81	2.24	2.89	7.05	4.34	3.04
ROE	54.7%	29.4%	34.6%	69.5%	145.0%	31.4%	18.8%	51.7%	12.8%	39.0%	14.5%	9.0%	18.7%	-2.5%	28.8%	42.4%	-6.1%	-31.9%	-5.4%
ROA	18.5%	21.3%	19.8%	26.8%	30.6%	10.7%	4.3%	10.3%	1.2%	3.1%	1.8%	0.9%	1.7%	-0.2%	8.7%	10.6%	-0.7%	-6.0%	-1.3%
Interest coverage	28.89	23.82	20.92	25.63	28.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days	-	-	0 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	13 days	-	-	21 days	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	3	2	2
full-time	0	0	-	-	-
part-time	2	2	3	2	2
in full-time equivalents	1.1	1.1	1.5	1.1	1.1
Average over the year, in full-time equivalents	1.1	1.1	1.2	1.2	1.3
On a permanent contract	1	1	1	1	1
Joined	-	0	2	1	2
Left	-	1	1	1	2

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	-	€140,000	€140,000
Carrying value of the mortgaged assets	-	-	-	€111,963	€118,957

MIGNON

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency33.8%

Current ratio1.26

Return on assets18.5%

Staff

Staff cost per FTE€31,104

Joined and left

Filed annual accounts

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Item	2025	2024	2023	2022	2021
Tangible fixed assets	€58,274	€2,437	€9,959	€11,283	-
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€14,360	€11,778	€20,343	€20,411	€21,613