Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIGAFRI from Koksijde, company number BE0777642565, closed financial year 2025 with a result of € 96,066 after tax. For that financial year MIGAFRI recorded a gross margin of € 168,422 and equity of € 10,348. Compared with financial year 2024, the result moved from € 154,064 to € 96,066. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 10,348
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,066
▼ 38% vs 2024
Profit after tax over the fiscal year.
€ 3,245
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 96,000 paid out
100 % of the profit went to the shareholders, mostly to CEDE Invest (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 51,300
▼ 8% 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.
€ 9,500
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 93,872
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,256
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 223,856 | € 225,397 | € 168,422 | ▼ 25% |
| Profit after taxes | € 116,218 | € 154,064 | € 96,066 | ▼ 38% |
| Equity | € 10,218 | € 10,282 | € 10,348 | ▲ 1% |
| Total debts | € 216,813 | € 126,214 | € 113,543 | ▼ 10% |
| Cash | € 7,587 | € 2,397 | € 3,245 | ▲ 35% |
| Retained profit | € 218 | € 282 | € 348 | ▲ 23% |
| Dividend | € 116,000 | € 154,000 | € 96,000 | ▼ 38% |
| Bank debt | € 15,973 | € 875 | € 0 | ▼ 100% |
| Balance sheet total | € 227,031 | € 136,497 | € 123,891 | ▼ 9% |
Key figures of MIGAFRI, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MIGAFRI?
What happened at MIGAFRI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,066 (▼ 38% vs 2024). filed late Source: NBB ↗
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 116,218 profit in 2023 to € 96,066 profit in 2025.
Paid € 18,564 in corporate taxes since 2023.
Best year ever: 2024, with € 154,064 profit.
Paid out € 366,000 in dividends to the owners in total.
A new publication or filing at MIGAFRI? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CEDE Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MIGAFRIBehind MIGAFRI is CEDE-Invest BV. The shares are held by CEDE Invest (100%).
Directors
According to the 2025 annual accounts
Director · represented by Miguel Deklerck
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nonnehofstraat(Odk) 10
8670 Koksijde
Nieuwpoortkeiweg 2
8630 Veurne
Active since 24 November 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0777.642.565
- VAT number
- BE 0777.642.565
- Registered office
- Nonnehofstraat(Odk) 10, 8670 Koksijde
- Names & denominations
- MIGAFRI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 2021
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening