MIGRATION SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of MIGRATION SOLUTIONS is 1.8% (moderate). The 2024 annual accounts show equity of €65k and a net result of €-15k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9517 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 16.45 against 48.34 in 2023; short-term debt: 3.5% and cash: 0% of total assets), and 3.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.5%
Return on assets
-22.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
64 d late
2022
31 d late
2021
31 d late
2020
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€65k▼ 8.4%
2023 · €71k
Total assets
€67k▼ 5.9%
2023 · €71k
Net result
€-15k▲ 55.3%
2023 · €-34k
Working capital
€36k▲ 23.9%
2023 · €29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€89k-€75k▼ 15.9%€2k▼ 96.7%€-35k€-17k▲ 52.7%
Net result€65k-€56k▼ 13.6%€633▼ 98.9%€-34k€-15k▲ 55.3%
Equity€65k-€121k▲ 86.2%€86k▼ 29.0%€71k▼ 17.6%€65k▼ 8.4%
Total assets€85k-€145k▲ 70.9%€153k▲ 5.8%€71k▼ 53.4%€67k▼ 5.9%
Debt€20k-€24k▲ 20.9%€67k▲ 181%€622▼ 99.1%€2k▲ 280%
Working capital€39k-€58k▲ 47.1%€31k▼ 46.9%€29k▼ 4.0%€36k▲ 23.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €35k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€28k ▼ 31.4%
Current assets
€39k ▲ 29.2%
Equity and liabilities €67k
Equity
€65k ▼ 8.4%
Debt
€2k ▲ 280%
Debt's share of the balance-sheet total rises from 0.9% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▲
2023 · €-21k
Cash flow
€-5k▲
2023 · €-20k
Current ratio
16.45▼
2023 · 48.34
Debt to equity
0.04▲
2023 · 0.01
ROE
-23.5%▲
2023 · -48.0%
ROA
-22.6%▲
2023 · -47.6%
Interest coverage
-22.92▲
2023 · -100.92
Debt ≤ 1 year
€2k▲
2023 · €622
Income taxes
€227▲
2023 · €59
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €9k | €13k | €14k | €10k | ▼ 27.3% |
| Other operating charges640/8 | - | €554 | €898 | €1k | €2k | ▲ 45.6% |
| Non-recurring operating charges66A | - | €173 | - | - | - | - |
| Gross operating margin9900 | €93k | €84k | €16k | €-20k | €-5k | ▲ 76.8% |
| Operating profit (loss)9901 | €89k | €75k | €2k | €-35k | €-17k | ▲ 52.7% |
| Financial income75/76B | - | €65 | €505 | €2k | €2k | ▲ 21.7% |
| Recurring financial income75 | - | €65 | €505 | €2k | €2k | ▲ 21.7% |
| Financial charges65/66B | - | €3k | €389 | €213 | €290 | ▲ 36.2% |
| Recurring financial charges65 | €7k | €3k | €389 | €213 | €290 | ▲ 36.2% |
| Profit (loss) for the period before taxes9903 | €82k | €71k | €3k | €-34k | €-15k | ▲ 55.8% |
| Income taxes67/77 | €17k | €15k | €2k | €59 | €227 | ▲ 285% |
| Profit (loss) for the period9904 | €65k | €56k | €633 | €-34k | €-15k | ▲ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €65k | €56k | €633 | €-34k | €-15k | ▲ 55.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €145k | €153k | €71k | €67k | ▼ 5.9% |
| Formation expenses20 | €173 | - | - | - | - | - |
| Fixed assets21/28 | €26k | €63k | €55k | €41k | €28k | ▼ 31.4% |
| Tangible fixed assets22/27 | €26k | €63k | €55k | €41k | €28k | ▼ 31.4% |
| Furniture and vehicles24 | - | €24k | €16k | €8k | €1k | ▼ 85.9% |
| Other tangible fixed assets26 | - | €40k | €39k | €34k | €27k | ▼ 19.3% |
| Current assets29/58 | €59k | €82k | €98k | €30k | €39k | ▲ 29.2% |
| Amounts receivable within one year40/41 | €615 | €9k | €39k | €26k | €39k | ▲ 46.6% |
| Trade receivables40 | - | €700 | €8k | €700 | €700 | = |
| Other amounts receivable41 | - | €8k | €31k | €26k | €38k | ▲ 47.8% |
| Cash at bank and in hand54/58 | €58k | €72k | €57k | €4k | €21 | ▼ 99.4% |
| Deferred charges and accrued income490/1 | - | €660 | €2k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €145k | €153k | €71k | €67k | ▼ 5.9% |
| Equity10/15 | €65k | €121k | €86k | €71k | €65k | ▼ 8.4% |
| Contributions10/11 | - | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €65k | €121k | €86k | €71k | €65k | ▼ 8.4% |
| Amounts payable17/49 | €20k | €24k | €67k | €622 | €2k | ▲ 280% |
| Amounts payable within one year42/48 | €20k | €24k | €67k | €622 | €2k | ▲ 280% |
| Trade debts44 | €3k | €7k | €10k | €384 | €2k | ▲ 386% |
| Suppliers440/4 | - | €7k | €10k | €384 | €2k | ▲ 386% |
| Taxes, remuneration and social security45 | - | €17k | €26k | €238 | €496 | ▲ 108% |
| Taxes450/3 | - | €17k | €26k | €238 | €496 | ▲ 108% |
| Other amounts payable47/48 | - | - | €31k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €56k | €633 | €-34k | €-15k | ▲ 55.3% |
| + Depreciation and write-downs630 | €2k | €9k | €13k | €14k | €10k | ▼ 27.3% |
| Operating cash flow (approximation) | €67k | €65k | €13k | €-20k | €-5k | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | €-47k | €-5k | €0 | €3k | - |
| Change in cash | - | €14k | €-15k | €-54k | €-4k | ▲ 93.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 33current ratio 48.34
Current ratio from 1.45 to 48.34; short-term debt falls from €67k to €622.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €121k ▲86.2%
2 profitable years in a row build equity to €121k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
Ground area
284 m²
Building footprint
126 m²
Volume, LiDAR
1,655 m³
Parcel 21013B0324/02B003, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MIGRATION SOLUTIONS
since 20202.299.924.834
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0324/02B003 | Brussels | 284 m² | 1 · 126 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
Brandeco
BE 0507.940.104
Mechelen · Eq €64,837
SODI MGMT
BE 1014.411.350
Knokke-Heist · Eq €64,782
THE REAL DEAL
BE 1003.454.013
Gent · Eq €64,881
SoRH
BE 0658.800.937
Anderlecht · Eq €64,764
VICTUS Consulting
BE 0549.880.924
Gent · Eq €64,747
Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 7,071 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.