ACTIVE

Migred

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Financial year 2025 · Closed on 31/12/2025

Net result271,5 k €+4 049,8 %over 1 year
Gross margin406,4 k €+6 347,8 %over 1 year
Equity740,9 k €+57,9 %over 1 year

Identity

Source · BCE/KBO

Migred is a Private limited company incorporated in 1977. Its registered office is in Uccle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0418.026.547
Incorporation
02/11/1977
Legal form
Private limited company
Registered office
Avenue Blücher 57
1180 Uccle · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin406,4 k €6,3 k €8,1 k €7,6 k €-4,3 k €
EBITDA406,4 k €6,3 k €7,5 k €7,6 k €-7,7 k €
Operating result406,4 k €6,3 k €7,5 k €7,6 k €-7,7 k €
Net result271,5 k €6,5 k €-8,1 k €9,5 k €-9,5 k €
Balance sheet
Equity740,9 k €469,3 k €462,8 k €470,9 k €461,4 k €
Total assets774 k €475,9 k €466,4 k €471,2 k €461,4 k €
Cash225,3 k €93,9 €81,9 €64,6 €54,3 €
Debts33,2 k €6,6 k €3,5 k €347,5 €–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gregory BORNET
Directorsince 01/09/2018Manager01/09/2018 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Estera FRENKEL
Managing director06/06/2012 → 2016 accounts
Jean BORNET
Director06/06/2012 → 2016 accounts
Micheline EDOUARD
Director06/06/2012 → 2016 accountsManager06/06/2012 → 2017 accounts

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/10/202630/09/202507/10/202410/10/202328/10/202228/10/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202202/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202616/10/2026FrenchPDF
Micro model31/12/202430/06/202530/09/2025FrenchPDF
Micro model31/12/202330/06/202407/10/2024FrenchPDF
Micro model31/12/202230/06/202310/10/2023FrenchPDF
Micro model31/12/202130/06/202228/10/2022FrenchPDF
Micro model31/12/202002/05/202128/10/2021FrenchPDF
Micro model31/12/201902/05/202029/10/2020FrenchPDF
Micro model31/12/201830/06/201917/09/2019FrenchPDF
Micro model31/12/201730/06/201830/08/2018FrenchPDF
Micro model31/12/201630/06/201725/09/2017FrenchPDF
Abridged model31/12/201530/06/201630/07/2016FrenchPDF
Abridged model31/12/201430/06/201508/09/2015FrenchPDF
Abridged model31/12/201306/06/201430/06/2014FrenchPDF
Abridged model31/12/201206/06/201324/10/2013FrenchPDF
Abridged modelCorrection31/12/201106/06/201218/04/2013FrenchPDF
Abridged model31/12/201106/06/201231/07/2012FrenchPDF
Abridged model31/12/201006/06/201119/08/2011FrenchPDF
Abridged model31/12/200928/05/201030/08/2010FrenchPDF
Abridged model31/12/200815/05/200920/08/2009FrenchPDF
Abridged model31/12/200721/05/200829/05/2008FrenchPDF
Abridged model31/12/200601/05/200702/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gregory BORNET
Directorsince 01/09/2018Manager01/09/2018 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Estera FRENKEL
Managing director06/06/2012 → 2016 accounts
Jean BORNET
Director06/06/2012 → 2016 accounts
Micheline EDOUARD
Director06/06/2012 → 2016 accountsManager06/06/2012 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office15/01/2026
    SIEGE SOCIAL
    PDF
  • Mandates09/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/04/2016
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates06/06/2013
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other17/02/2012
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other01/08/2008
    Renouvellement de mandats
    PDF
  • Other25/04/2006
    MODIFICATIONS AUX STATUTS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Gregory BORNET
Estera FRENKEL
Jean BORNET
Micheline EDOUARD
Edouard BORNET
MICHELINE BORNET-EDOUARD
19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
Migred
Avenue Blücher 57, 1180 UccleAvenue Winston Churchill 79, 1180 Uccle
DirectorManager
Managing director
Director
DirectorManager
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Blücher 57, 1180 UccleCurrent
accounts 2025
Accounts 2025 · 2026-00561088
Avenue Winston Churchill 79, 1180 Uccle
accounts 2021 → 2024
Accounts 2024 · 2025-00524014

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MigredCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00561088

Events

  1. 2025
    Annual accounts 2025271,5 k €↑
  2. 2024
    Annual accounts 20246,5 k €↑
  3. 2023
    Annual accounts 2023-8,1 k €↓
  4. 2022
    Annual accounts 20229,5 k €↑
  5. 2021
    Annual accounts 2021-9,5 k €↓
  6. 2020
    Annual accounts 20201,3 k €↑
  7. 2019
    Annual accounts 2019-4,6 k €↓
  8. 2018
    Annual accounts 201813,5 k €↓
  9. 2017
    Annual accounts 201728,2 k €↑
  10. 2016
    Annual accounts 201610,6 k €↓
  11. 2015
    Annual accounts 201523,2 k €↓
  12. 2014
    Annual accounts 2014162,5 k €↑
  13. 2013
    Annual accounts 20138,8 k €↓
  14. 2012
    Annual accounts 201228,6 k €↓
  15. 2011
    Annual accounts 201133,4 k €↓
  16. 2010
    Annual accounts 201042,2 k €↑
  17. 2009
    Annual accounts 200942 k €↑
  18. 2008
    Annual accounts 200836,2 k €↓
  19. 2007
    Annual accounts 200749,4 k €↑
  20. 2006
    Annual accounts 200637,9 k €
  21. 02/11/1977
    IncorporationPrivate limited company