MIGRAMACO
ActiveMIGRAMACO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €613k and a net result of €-39k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 73% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-9
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 48.89 against 7.0 in 2024), and 22.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.2%
Return on assets
-4.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
44 d early
2023
8 d early
2022
57 d late
2021
2 d early
2020
30 d early
2019
104 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€613k▼ 6.0%
2024 · €652k
2018: €353k
2019: €753k
2020: €699k
2021: €696k
2022: €637k
2023: €640k
2024: €652k
2018 → 2025
Total assets
€794k▼ 16.4%
2024 · €950k
2018: €588k
2019: €1.14M
2020: €1.07M
2021: €1.05M
2022: €996k
2023: €938k
2024: €950k
2018 → 2025
Net result
€-39k
2024 · €12k
2018: €-3k
2019: €401k
2020: €-54k
2021: €-3k
2022: €-59k
2023: €3k
2024: €12k
2018 → 2025
Working capital
€762k▼ 4.3%
2024 · €796k
2018: €253k
2019: €1.08M
2020: €1.01M
2021: €1.02M
2022: €957k
2023: €796k
2024: €796k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€696k-€637k▼ 8.5%€640k▲ 0.4%€652k▲ 1.9%€613k▼ 6.0%
Operating result€6k-€-51k€-36k▲ 29.3%€19k€-21k
Net result€-3k-€-59k▼ 2,041%€3k€12k▲ 360%€-39k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €794k
Fixed assets
€16k▼ 21.8%
Current assets
€778k▼ 16.3%
Equity and liabilities €794k
Equity
€613k▼ 6.0%
Debt
€181k▼ 39.3%
The debt ratio falls from 31.4% to 22.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-16k▼
2024 · €25k
Cash flow
€-34k▼
2024 · €18k
Solvency
77.2%▲
2024 · 68.6%
Current ratio
48.89▲
2024 · 7.00
Quick ratio
48.89▲
2024 · 7.00
Debt / equity
0.30▼
2024 · 0.46
ROE
-6.3%▼
2024 · 1.9%
ROA
-4.9%▼
2024 · 1.3%
Interest coverage
-0.38▼
2024 · 2.56
Debt
€181k▼
2024 · €298k
Debt ≤ 1 year
€16k▼
2024 · €133k
Debt > 1 year
€165k=
2024 · €165k
Income taxes
€116▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€950k€794k▼
Fixed assets21/28€21k€16k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23€2k€571▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€12k€11k▼
Current assets29/58€929k€778k▼
Amounts receivable within one year40/41€3k€9k▲
Trade receivables40€2k€177▼
Other amounts receivable41€886€9k▲
Current investments50/53€725k€620k▼
Cash at bank and in hand54/58€201k€148k▼
Deferred charges and accrued income490/1€748-
Equity and liabilities
Total equity and liabilities10/49€950k€794k▼
Equity10/15€652k€613k▼
Contributions10/11€153k€153k=
Reserves13€499k€475k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€480k€456k▼
Profit (loss) carried forward14-€-15k
Amounts payable17/49€298k€181k▼
Amounts payable after more than one year17€165k€165k=
Financial debts170/4€165k€165k=
Amounts payable within one year42/48€133k€16k▼
Trade debts44€2k€25▼
Suppliers440/4€2k€25▼
Taxes, remuneration and social security45€129k€8k▼
Taxes450/3€129k€8k▼
Other amounts payable47/48€1k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€26k€-15k▼
Operating profit (loss)9901€19k€-21k▼
Financial income75/76B€9k€25k▲
Recurring financial income75€9k€25k▲
Financial charges65/66B€10k€43k▲
Recurring financial charges65€10k€43k▲
Profit (loss) for the period before taxes9903€19k€-39k▼
Income taxes67/77€6k€116▼
Profit (loss) for the period9904€12k€-39k▼
Profit (loss) for the period to be appropriated9905€12k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-39k▼
Transfer from equity791/2-€24k
Transfer to equity691/2€12k-
To other reserves6921€12k-
The notes to these accounts (5 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 48.89
Current ratio from 7.00 to 48.89; short-term debt falls from €133k to €16k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 147.44
Current ratio from 43.81 to 147.44; short-term debt falls from €23k to €7k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Back to profitnet €401k
Net result €401k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 85.56
Current ratio from 20.25 to 85.56; short-term debt falls from €13k to €13k.
31-12
Financial
Equity above €500kEq €753k ▲114%
Equity rises from €353k to €753k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tongeren-Borgloon · 1 establishment unit since 2003
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.
Holenteerstraat 13700 Tongeren-BorgloonGround area
1,513 m²
Building footprint
183 m²
Volume, LiDAR
1,348 m³
Parcel 73083D0190/00C000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
migramaco
since 20032.133.788.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083D0190/00C000 | Flanders | 1,513 m² | 1 · 183 m² | 10.7 m · 3 fl. |
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.
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Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 32,800 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.