Equity
€31,779 from €71,230 in 2015
Equity fell by 55% in 10 years.
MIGSEL
Lifetime
16 annual accounts with figures on one time axispeak €33,712 (2013)
€3,389▼ 55.0%
lowest -€14,418 (2023)
€301▼ 51.6%
peak €71,230 (2015)
€31,779▲ 1.0%
€4,685▼ 44.8%
Board1 name since 2022
1 director
Documentsfilings and deeds
27-11-202565 days before the deadline
2025micro format
Gross margin from €7,526 to €3,389Result from €621 to €301Debts from €8,486 to €4,685Investments €7,500Cash from €30,454 to €20,625
Key points
from the 2025 annual accountsTurnover
≈ €22,000 estimated
The micro format states no turnover.
Investments
€7,500 3.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
6.57 was 4.66 in 2024
Short-term debts fell from €8,486 to €4,685.
Filings
16 annual accounts since 2010
The last five annual accounts were filed 42 to 77 days before the end of the period.
Position in the sector
87.2%
Higher solvency than 88% of companies in other professional activities. Sector median 49.6% · 4,567 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 10,915 companies had the same profile as MIGSEL has now. Each dot stands for 28 companies, two years later.
95.0%
were still trading
4.1%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 10,915 companies, not a prediction for MIGSEL. 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807159269
Incorporation
published on 24-10-2008 · Gazette deed
First establishment
Vilhoekstraat 8, Zonhoven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIGSEL Zonhoven | €36,464 | €3,389 | 87.2% | - |
| IMPACT TRADUCTION Liège | €36,963 | €3,592 | 87.5% | - |
| LYRCO Etterbeek | €36,948 | €4,400 | 43.6% | - |
| KBrO Science & Communication Anderlecht | €48,028 | €4,797 | 97.0% | - |
| OFFERMANN LANGUAGES Eupen | €30,631 | €2,085 | 44.1% | - |
| A.B.M. Liège | €32,197 | €4,779 | 32.5% | - |
| TRANSTALING Tournai | €48,125 | €2,759 | 91.0% | - |
These companies have the same main activity as MIGSEL: translation services (NACE 74301). They are comparable in size and age: total assets between €30,600 and €48,100, founded between 2003 and 2011.
Official details
Source: KBO- Status
- Active since 16-10-2008Normal situation
- Activity
- Translation servicesNACE 74301and 2 others
- Establishment unit
- 2.174.050.6073520 Zonhoven, since 14-10-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 26-12-2025
Annual accounts to 30-06-2025
- €36,464▼ 8.8%
- Filing
- Filed on 27-11-2025, 65 days before the end of the filing period
Insights on MIGSEL
MIGSEL files the micro format. That format states no turnover. The gross margin fell from €19,519 in 2010 to €3,389 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 MIGSEL
- What is the company number of MIGSEL?
- The company number of MIGSEL is 0807.159.269. The VAT number is the same number with BE in front: BE 0807.159.269.
- Where is MIGSEL based?
- The registered office is at Vilhoekstraat 8, 3520 Zonhoven.Company details
- What does MIGSEL do?
- According to the KBO register, the main activity is translation services (NACE 74301).
- What is the legal form of MIGSEL?
- MIGSEL is a private limited company (pre-2019) (BVBA).
- When was MIGSEL founded?
- MIGSEL was founded on 16-10-2008.
- Is MIGSEL still active?
- Yes, MIGSEL is an active enterprise in the KBO register.
- What is the turnover of MIGSEL?
- The turnover in financial year 2025 is ≈ €22,000. This figure is estimated from the gross margin of €3,389 and 47 comparable companies (NACE 74). It probably lies between €11,000 and €44,000. It is a rough estimate.Financials
- Is MIGSEL profitable?
- In financial year 2025, MIGSEL made a profit of €301.
- Where can I find the annual accounts of MIGSEL?
- MIGSEL filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIGSEL due?
- MIGSEL must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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