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Miglio

Active
Private limited companyfounded 2010active for 16 yearsGroeningenweg 2, 3590 Diepenbeek, BelgiumKBO/BCE: BE 0822.961.658
Summary

The computed 12-month bankruptcy probability of Miglio is 3.8% (moderate). The 2025 annual accounts show negative equity (-€53,051) and a net result of -€113,500. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 10% of 9,679 sector peers (NACE 46, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46842Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
1 site
Size
€690,682total assets 2025
Staff
0.4 FTE
Equity
-€53,051
Loss
-€113,500
Turnover not published (abbreviated or micro format)
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.8%
Structure
Accounts filed 53 days late1 of 5 deeds read
Why 47raises riskLoss of €113,500 (financial year 2025)Negative equity -€53,0511 change of registered office in 24 monthsLatest accounts 53 days late; 2 of the last 3 lateShow the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 11% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 17-13
equity -7.7% of total assets
Liquidity 23+23
short-term debt 107.7% · cash 18.6%
Profitability 0-19
return on assets -16.4%
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,867 companies, NACE 46, micro)
Last 24 months 11-2024: 1.4%lowest value 12-2024: 1.4%● unchanged vs 11-2024lowest value 01-2025: 1.4%● unchanged vs 12-2024lowest value 02-2025: 1.5%▲ +0.1 percentage points vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.1%▲ +0.5 percentage points vs 07-2025 09-2025: 1.5%▼ -0.6 percentage points vs 08-2025 10-2025: 2.7%▲ +1.2 percentage points vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.7%● unchanged vs 12-2025 02-2026: 2.8%▲ +0.1 percentage points vs 01-2026 03-2026: 2.8%● unchanged vs 02-2026 04-2026: 2.9%▲ +0.1 percentage points vs 03-2026 05-2026: 3.3%▲ +0.4 percentage points vs 04-2026 06-2026: 3.2%▼ -0.1 percentage points vs 05-2026 07-2026: 3.1%▼ -0.1 percentage points vs 06-2026 08-2026: 4.0%▲ +0.9 percentage points vs 07-2026 09-2026: 4.9%▲ +0.9 percentage points vs 08-2026highest value 10-2026: 3.8%▼ -1.1 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.82, compared with 1.04 in 2024; short-term debt: 107.7% and cash: 18.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 14% on solvency, 22% on liquidity, 6% on profitability and 3% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Loss of €113,500 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€53,051
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Latest accounts 53 days late; 2 of the last 3 late
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€53,051
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
53 days late
2024
28 days late
2023
44 days late
2022
120 days late
2021
60 days late
2020
27 days late
2019
67 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 57 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. NameName change · Amendment of…
  3. Weakest financial yearnet -€113,500

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€53,051 View
  • Caution: From profit to loss in 2025after €2,049 in 2024 -€113,500 View
  • Caution: Among the weakest 7% on net resultsector median €27,097 · 9,656 companies -€113,500 View

By topic

Financials

Financial year
2025
Total assets
€690,682
Loss
-€113,500
Solvency
-7.7%
Total assets▼ 46.3%
Net result
20182025
Go to Financials

Timeline

Events
20
Since
2011
Next accounts
by 31-07-2027
  1. 28-08-2025Annual accounts filed
  2. 13-09-2024Annual accounts filed
  3. 31-12-2023Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46842
Founded
08-02-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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