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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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIGLIA from Gent, company number BE0885868435, closed financial year 2025 with a result of € 8,638 after tax. For that financial year MIGLIA recorded a gross margin of € 1.9 million and equity of € 396,444. Compared with financial year 2024, the result moved from € 380,127 to € 8,638. 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 August 17, 2026.
€ 396,444
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,638
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 438,532
▲ 25% 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 € 321,444.
People and assets in 2025
13.8
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 19% vs 2024
€ 87,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 495,085
▲ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.6 million
▲ 66% vs 2024
€ 530,323 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 88,858
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 157,648
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 790,373 | € 1,603,600 | € 2,063,111 | € 1,899,023 | ▼ 8% |
| Profit after taxes | € 93,686 | € 186,481 | € 380,127 | € 8,638 | ▼ 98% |
| Equity | € 271,197 | € 307,678 | € 387,806 | € 396,444 | ▲ 2% |
| Total debts | € 3,534,533 | € 3,213,918 | € 3,179,877 | € 4,625,863 | ▲ 45% |
| Cash | € 92,439 | € 189,406 | € 351,743 | € 438,532 | ▲ 25% |
| Retained profit | € 196,197 | € 232,678 | € 312,806 | € 321,444 | ▲ 3% |
| Dividend | € 100,000 | € 150,000 | € 300,000 | € 0 | ▼ 100% |
| Bank debt | € 2,323,694 | € 2,208,415 | € 2,163,403 | € 3,594,205 | ▲ 66% |
| Balance sheet total | € 3,805,730 | € 3,521,596 | € 3,567,683 | € 5,022,307 | ▲ 41% |
| Employees (FTE) | 5.7 | 12.6 | 12.4 | 13.8 | ▲ 1.4 |
Key figures of MIGLIA, 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 MIGLIA?
What happened at MIGLIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,638 (▼ 98% vs 2024). filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- New establishment in Nazareth-De Pinte. KBO
- New establishment in Gent. KBO
- New establishment in Lokeren. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,686 profit in 2022 to € 8,638 profit in 2025.
Paid € 362,981 in corporate taxes since 2022.
Best year ever: 2024, with € 380,127 profit.
On average € 137,600 of value added per employee in 2025.
Management
The stake of SAX & PARTNERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MIGLIABehind MIGLIA are Fiss BV, Sax & Partners BV and Sacolim BV. The shares are held by SAX & PARTNERS (95.7%).
Directors
According to the 2025 annual accounts
Managing director
Shareholders
95.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oostakkerdorp 38
9041 Gent
Verlorensteenstraat 7
9030 Gent
Active since 23 August 2023
Roomstraat 1
9160 Lokeren
Active since 23 August 2023
Koning Albertlaan 2A
9840 Nazareth-De Pinte
Active since 1 January 2024
Hundelgemsesteenweg 572 box 2
9820 Merelbeke-Melle
Active since 1 November 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0885.868.435
- VAT number
- BE 0885.868.435
- Registered office
- Oostakkerdorp 38, 9041 Gent
- Names & denominations
- MIGLIA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2006
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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