MIGSA CONSTRUCT
The computed 12-month bankruptcy probability of MIGSA CONSTRUCT is 8.1% (elevated). The 2023 annual accounts show equity of €19k and a net result of €-24k. Equity is growing by ~20.5% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €19k |
| Net result | €-24k |
| Active | 6 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Revenue | €199k |
| EBITDA | €-19k |
| Net profit | €-24k |
| Cash flow | €-21k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €61k |
| Equity | €19k |
| Debt | €42k |
| of which ≤ 1y | €42k |
| of which > 1y | - |
| Working capital | €19k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 1.45 |
| Quick ratio | 1.45 |
| Working capital ratio | 30.7% |
| Solvency | 31.4% |
| Debt / equity | 2.18 |
| Long-term debt ratio | - |
| Interest coverage | -258.36 |
| Gross margin | -8.7% |
| Net margin | -11.9% |
| ROA | -38.6% |
| ROE | -122.9% |
| EBITDA margin | -9.5% |
| Days sales outstanding | 111d |
| Days payable outstanding | 63d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €61k |
| Fixed assets | 21/28 | €417 |
| Tangible fixed assets | 22/27 | €417 |
| Current assets | 29/58 | €61k |
| Amounts receivable within one year | 40/41 | €61k |
| Cash & bank | 54/58 | €15 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €61k |
| Equity | 10/15 | €19k |
| Reserves | 13 | €596 |
| Accumulated profits (losses) | 14 | €19k |
| Amounts payable | 17/49 | €42k |
| Amounts payable within one year | 42/48 | €42k |
| Trade debts payable within one year | 44 | €37k |
| Income statement | ||
| Turnover | 70 | €199k |
| Gross operating margin | 9900 | €-17k |
| Operating result | 9901 | €-21k |
| Financial charges | 65 | €73 |
| Result before taxes | 9903 | €-24k |
| Net result for the period | 9904 | €-24k |
| Result to be appropriated | 9905 | €-24k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 02-12-2019 |
| Status | Active |
| Postal code | 1070 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0379/00K004 | Flanders | 5,742 m² | 1 · 1,678 m² | 10.0 m · 3 fl. |
| 21305B0204/00S030 | Brussels | 277 m² | 1 · 278 m² | 17.4 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-10-2024 7 resigning
- Emanuel José Neto Nunes, Directeur
- Orlando Augusto da Cunha Teixeira, Directeur
- Perpetuo jose silva ferreira, Directeur
- Bruno Alexandre calado Miguéis, Directeur
- Fernando Marques Rodrigues, Directeur
- Joaquim José da Silva Conceição, Directeur
- João Torres Ribeiro, Directeur
Technical details
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}05-04-2024 Transaction in capital or shares
Technical details
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}30-01-2024 All shares are now held by a single shareholder
Technical details
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}12-05-2022 Transaction in capital or shares
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | MIGSA CONSTRUCT |