Financials
Financial year 2025
MIGRAMACO from Tongeren-Borgloon, company number BE0480129709, closed financial year 2025 with a result of € -38,846 after tax. For that financial year MIGRAMACO recorded a gross margin of € -15,155 and equity of € 612,880. Compared with financial year 2024, the result moved from € 12,162 to € -38,846. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 612,880
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,846
▼ still € 12,162 profit in 2024
Profit after tax over the fiscal year.
€ 148,227
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 459,680.
People and assets in 2025
€ 4,956
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 165,000
Loans from banks and other lenders, long and short.
€ 25
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,862
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -40,475 | € -25,274 | € 25,683 | € -15,155 | ▼ € 40,838 |
| Profit after taxes | € -59,188 | € 2,642 | € 12,162 | € -38,846 | ▼ € 51,008 |
| Equity | € 636,921 | € 639,563 | € 651,725 | € 612,880 | ▼ 6% |
| Total debts | € 186,857 | € 298,553 | € 297,796 | € 180,909 | ▼ 39% |
| Cash | € 956,455 | € 910,109 | € 200,688 | € 148,227 | ▼ 26% |
| Retained profit | € 483,721 | € 486,363 | € 498,525 | € 459,680 | ▼ 8% |
| Bank debt | € 170,000 | € 170,000 | € 165,000 | € 165,000 | |
| Balance sheet total | € 996,068 | € 938,116 | € 949,521 | € 793,788 | ▼ 16% |
Key figures of MIGRAMACO, 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 MIGRAMACO?
What happened at MIGRAMACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,846 (▼ € 51,008 vs 2024). Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,188 loss in 2022 to € 38,846 loss in 2025.
Paid € 131,854 in corporate taxes since 2022.
Best year ever: 2024, with € 12,162 profit.
Management
Behind MIGRAMACO is Jacques Michiels. Jacques Michiels is also behind VLAAMS INNOVATIECENTRUM VOOR GRAFISCHE COMMUNICATIE (Flemish Innovationcenter for graphic communication).
Directors
According to the 2025 annual accounts
Jacques Michiels
Director
Also active at: VLAAMS INNOVATIECENTRUM VOOR GRAFISCHE COMMUNICATIE (Flemish Innovationcenter for graphic communication)
Establishments
Establishment units
Physical locations of this company
Holenteerstraat 1
3700 Tongeren-Borgloon
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.129.709
- VAT number
- BE 0480.129.709
- Registered office
- Holenteerstraat 1, 3700 Tongeren-Borgloon
- Names & denominations
- MIGRAMACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2003
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
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