Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MILAGRO from Destelbergen, company number BE0438037251, closed financial year 2025 with a result of € 6,272 after tax. For that financial year MILAGRO recorded a gross margin of € 10,177 and equity of € -56,822. Compared with financial year 2024, the result moved from € -8,585 to € 6,272. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ -56,822
▲ € 6,272 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,272
▲ still € 8,585 loss in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -118,822.
Debts at end 2025
€ 3,709
Loans from banks and other lenders, long and short.
€ 1,312
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,884 | € -5,977 | € -4,548 | € 10,177 | ▲ € 14,724 |
| Profit after taxes | € -32,250 | € -10,480 | € -8,585 | € 6,272 | ▲ € 14,856 |
| Equity | € -44,029 | € -54,509 | € -63,094 | € -56,822 | ▲ € 6,272 |
| Total debts | € 196,027 | € 211,227 | € 219,024 | € 211,208 | ▼ 4% |
| Cash | € 0 | - | € 616 | € 0 | ▼ 100% |
| Land & buildings | € 149,906 | € 154,633 | € 153,060 | € 152,044 | ▼ 1% |
| Retained profit | € -106,029 | € -116,509 | € -125,094 | € -118,822 | ▲ € 6,272 |
| Bank debt | € 18,348 | € 2,631 | € 0 | € 3,709 | |
| Balance sheet total | € 151,998 | € 156,718 | € 155,930 | € 154,386 | ▼ 1% |
Key figures of MILAGRO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MILAGRO?
What happened at MILAGRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alexander Provoost stepped down as director. NBB
- Erwin Provoost stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6,272. Source: NBB ↗
- Alexander Provoost became a director. NBB
- Erwin Provoost became a director. NBB
- New establishment in Destelbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,250 loss in 2022 to € 6,272 profit in 2025.
Best year ever: 2025, with € 6,272 profit.
Management
Directors
According to the 2025 annual accounts
Alexander Provoost
Director
since 2022 · until 2028
Erwin Provoost
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Pastorijstraat 11
9070 Destelbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.037.251
- VAT number
- BE 0438.037.251
- Registered office
- Pastorijstraat 11, 9070 Destelbergen
- Names & denominations
- MILAGRO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1989
- Peppol
- Active · Active since 23 Jun 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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