ACTIVE

MIGALY

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Financial year 2025 · closed on 31/12/2025

Net result

25,7 k €

-35.1% YoY

Gross margin

29,7 k €

-42.0% YoY

Equity

377 k €

+7.3% YoY

What does MIGALY do?

MIGALY is a Private limited company incorporated in 1995. Its registered office is in Braine-l'Alleud.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.765.001

Incorporation

10/03/1995

Legal form

Private limited company

Registered office

Avenue du Commerce 56
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

30 986,69 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	29,7 k €	-42.0%	51,2 k €	-36.1%	80,2 k €	+1.5%	79 k €	+39.9%	56,5 k €	+67.8%	33,7 k €	-18.0%	41,1 k €	-15.9%	48,9 k €	-0.3%	49 k €	-31.6%	71,7 k €	-5.2%	75,6 k €	+177%	27,3 k €	+16615%	163,4 €	+104%	-3,8 k €	-125%	15,6 k €	-33.2%	23,3 k €	-40.7%	39,3 k €	+3.0%	38,2 k €	+496%	6,4 k €	-65.9%	18,8 k €
EBITDA	25 k €	-46.2%	46,4 k €	-35.7%	72,1 k €	-3.6%	74,8 k €	+109%	35,8 k €	+53.0%	23,4 k €	+1220%	1,8 k €	+177%	-2,3 k €	-109%	26,7 k €	-60.8%	68,1 k €	-5.5%	72,1 k €	+169%	26,8 k €	+844%	-3,6 k €	+45.6%	-6,6 k €	-159%	11,3 k €	-45.6%	20,7 k €	-43.6%	36,7 k €	+2.9%	35,7 k €	+457%	6,4 k €	-64.9%	18,3 k €
Operating result	25 k €	-46.2%	46,4 k €	-35.7%	72,1 k €	-3.6%	74,8 k €	+109%	35,8 k €	+53.0%	23,4 k €	+1220%	1,8 k €	+177%	-2,3 k €	-109%	26,7 k €	-60.8%	68,1 k €	+5.2%	64,8 k €	+242%	18,9 k €	+265%	-11,5 k €	-73.1%	-6,6 k €	-285%	3,6 k €	-72.5%	13 k €	-56.6%	30 k €	+3.6%	29 k €	+418%	-9,1 k €	-430%	2,8 k €
Net result	25,7 k €	-35.1%	39,5 k €	-31.7%	57,9 k €	-1.3%	58,7 k €	+104%	28,7 k €	+51.7%	18,9 k €	+715%	2,3 k €	+403%	461,6 €	-97.7%	20,2 k €	-55.6%	45,5 k €	+6.0%	43 k €	+129%	18,7 k €	+257%	-11,9 k €	-65.7%	-7,2 k €	-777%	1,1 k €	-70.6%	3,6 k €	-81.8%	19,9 k €	+0.9%	19,7 k €	+209%	-18,1 k €	-137%	-7,6 k €
Balance sheet
Equity	377 k €	+7.3%	351,3 k €	+12.7%	311,8 k €	+22.8%	253,9 k €	+30.1%	195,2 k €	+17.2%	166,5 k €	+12.8%	147,6 k €	+1.6%	145,2 k €	+0.3%	144,8 k €	+16.2%	124,6 k €	+57.6%	79 k €	+119%	36 k €	+108%	17,3 k €	-40.8%	29,2 k €	-19.7%	36,4 k €	+3.0%	35,3 k €	+11.4%	31,7 k €	+45.1%	21,9 k €	+905%	2,2 k €	-89.3%	20,3 k €
Total assets	943,8 k €	+10.9%	851,3 k €	+10.7%	769,3 k €	+13.3%	678,8 k €	+18.0%	575,1 k €	+14.3%	503,4 k €	+13.9%	441,9 k €	+21.6%	363,4 k €	+36.9%	265,4 k €	+36.4%	194,5 k €	+74.9%	111,2 k €	-1.6%	113,1 k €	+13.3%	99,8 k €	-23.3%	130 k €	+0.3%	129,6 k €	+12.5%	115,3 k €	-19.6%	143,3 k €	-5.9%	152,3 k €	-41.4%	259,9 k €	-9.2%	286,2 k €
Cash	5,7 €	-98.3%	334,4 €	-95.4%	7,2 k €	+116%	3,3 k €	+554%	512,3 €	-38.9%	837,7 €	-86.8%	6,3 k €	-22.0%	8,1 k €	+2321%	335,1 €	-92.2%	4,3 k €	-26.4%	5,9 k €		–		–		–		–		–		–		–		–		–
Debts	566,8 k €	+13.4%	500 k €	+9.3%	457,5 k €	+7.7%	425 k €	+11.9%	379,9 k €	+12.8%	336,9 k €	+14.4%	294,4 k €	+34.9%	218,2 k €	+80.9%	120,6 k €	+72.4%	70 k €	+117%	32,2 k €	-58.2%	77 k €	-6.6%	82,5 k €	-18.2%	100,8 k €	+8.1%	93,2 k €	+16.6%	79,9 k €	-28.4%	111,6 k €	-14.4%	130,4 k €	-49.4%	257,8 k €	-3.1%	265,9 k €
Other
Workforce	–		–		–		–		0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Alexandre Leens

Director

Active

Marie Michiels

Director

Active

Pamela Michiels

Director

Active

Ended mandates

Pamela Michiels

Director · since 30 mai 2024

Ended

Alexandre Leens

Director · since 28 juin 2018

Ended

Alexandre Leens

Manager · since 28 juin 2018

Ended

Marianne Boumal

Director · since 28 juin 2018 · until 30 mai 2024

Ended

At this address

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SOPHIE DECORATION● Active	0462.144.820

Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	9 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	25/08/2025	08/10/2024	30/10/2023	06/10/2022	28/09/2021
General meeting	26/08/2026	22/08/2025	27/09/2024	30/10/2023	30/09/2022	24/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	22/08/2025	25/08/2025	French	PDF
Abridged model	31/03/2024	27/09/2024	08/10/2024	French	PDF
Abridged model	31/03/2023	30/10/2023	30/10/2023	French	PDF
Abridged model	31/03/2022	30/09/2022	06/10/2022	French	PDF
Abridged model	31/03/2021	24/09/2021	28/09/2021	Dutch	PDF
Abridged model	31/03/2020	02/10/2020	30/10/2020	Dutch	PDF
Abridged model	31/03/2019	27/09/2019	07/10/2019	Dutch	PDF
Abridged model	31/03/2018	28/09/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	29/09/2017	30/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	24/10/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	27/09/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	22/10/2014	Dutch	PDF
Abridged model	31/03/2013	31/10/2013	12/11/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	01/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	30/09/2011	Dutch	PDF
Abridged modelCorrection	31/03/2010	24/09/2010	05/05/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	20/10/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	30/01/2009	Dutch	PDF
Abridged model	31/03/2007	26/09/2007	30/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Alexandre Leens

Director

Active

Marie Michiels

Director

Active

Pamela Michiels

Director

Active

Ended mandates

Pamela Michiels

Director · since 30 mai 2024

Ended

Alexandre Leens

Director · since 28 juin 2018

Ended

Alexandre Leens

Manager · since 28 juin 2018

Ended

Marianne Boumal

Director · since 28 juin 2018 · until 30 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office06/07/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/07/2018
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates10/03/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202525,7 k €↓
2024
Annual accounts 202439,5 k €↓
2024
Annual accounts 202457,9 k €↓
2023
Annual accounts 202358,7 k €↑
2022
Annual accounts 202228,7 k €↑
2021
Annual accounts 202118,9 k €↑
2020
Annual accounts 20202,3 k €↑
2019
Annual accounts 2019461,6 €↓
2018
Annual accounts 201820,2 k €↓
2017
Annual accounts 201745,5 k €↑
2016
Annual accounts 201643 k €↑
2015
Annual accounts 201518,7 k €↑
2014
Annual accounts 2014-11,9 k €↓
2013
Annual accounts 2013-7,2 k €↓
2012
Annual accounts 20121,1 k €↓
2011
Annual accounts 20113,6 k €↓
2010
Annual accounts 201019,9 k €↑
2009
Annual accounts 200919,7 k €↑
2008
Annual accounts 2008-18,1 k €↓
2007
Annual accounts 2007-7,6 k €
10/03/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MIGALY

Overview

What does MIGALY do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline