Financials
Financial year 2025
MIG-ELEC from Couvin, company number BE0688697426, closed financial year 2025 with a result of € 25,000 after tax. For that financial year MIG-ELEC recorded a gross margin of € 136,338 and equity of € 155,175. Compared with financial year 2024, the result moved from € 6,550 to € 25,000. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2026.
€ 155,175
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,000
▲ 282% vs 2024
Profit after tax over the fiscal year.
€ 40,551
▲ 103% 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 € 136,575.
People and assets in 2025
€ 72,536
▼ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 27,203
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28,456
▼ 18% vs 2024
€ 9,543 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 14,490
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 45,271
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 107,590 | € 119,669 | € 104,513 | € 136,338 | ▲ 30% |
| Profit after taxes | € 2,500 | € 20,200 | € 6,550 | € 25,000 | ▲ 282% |
| Equity | € 103,425 | € 123,625 | € 130,175 | € 155,175 | ▲ 19% |
| Total debts | € 150,884 | € 162,071 | € 185,707 | € 118,065 | ▼ 36% |
| Cash | € 41,356 | € 19,689 | € 20,000 | € 40,551 | ▲ 103% |
| Retained profit | € 84,825 | € 105,025 | € 111,575 | € 136,575 | ▲ 22% |
| Bank debt | € 3,298 | € 4,009 | € 34,619 | € 28,456 | ▼ 18% |
| Balance sheet total | € 254,309 | € 285,696 | € 315,882 | € 273,240 | ▼ 13% |
Key figures of MIG-ELEC, 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 MIG-ELEC?
What happened at MIG-ELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,000 (▲ 282% vs 2024). filed late Source: NBB ↗
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,500 profit in 2022 to € 25,000 profit in 2025.
Paid € 20,277 in corporate taxes since 2022.
Best year ever: 2025, with € 25,000 profit.
Establishments
Establishment units
Physical locations of this company
Rue du Pont-Pavot, Fra. 4
5660 Couvin
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
- 0688.697.426
- VAT number
- BE 0688.697.426
- Registered office
- Rue du Pont-Pavot, Fra. 4, 5660 Couvin
- Names & denominations
- MIG-ELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2018
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Reparatie en onderhoud van huishoudapparaten en van werktuigen voor gebruik in huis en tuin
Overige bouwinstallatie
Reparatie en onderhoud van computers en communicatieapparatuur
Reparatie en onderhoud van consumentenelektronica
Overige bouwinstallatie, n.e.g.
Reparatie van communicatieapparatuur
Reparatie van computers en randapparatuur