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Miele

Active
Public limited companyfounded 195472 years activeZ. 5 Mollem 480, 1730 Asse, BelgiumKBO/BCE: BE 0403.230.978
Summary

Miele has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21.4m and a net result of €2.2m. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 6,129 sector peers (NACE 46, fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Wholesale of electrical household appliances and audio-video equipment
NACE 46431
#4 oldest company in Asse, Wholesale and retail trade sector3 sites
Size
€133.3mturnover 2024
Staff
220.5 FTE
Equity
€21.4m
Profit
€2.2m
Financial health
91 Excellent Checked score 2024
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Imanto AG · 100%
Board
4 members
Auditor: KPMG Réviseurs d'EntreprisesAccounts 69 days overdue
Why 91- Figures for FY 2024 (filed 21-05-2025)+ Liquidity: current ratio 2.74, cash €35.0m+ Founded in 1954+ Size: turnover €133.3m, 220.5 FTE, total assets €51.9mShow the evidence

Checked score

Score 2024
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2023
Strong
Solvency 66+9
equity 41.3% of total assets
Liquidity 85+12
short-term debt 33.4% · cash 67.4%
Profitability 61-5
return on assets 4.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (744 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value
Credit up to €1,900,000 at 30 days acceptable
Liquidity ample (current ratio 2.74 against 1.7 in 2023; short-term debt: 33.4% and cash: 67.4% of total assets), but 58.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 52% on solvency, 97% on liquidity, 53% on profitability and 53% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 21-05-2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.74, cash €35.0m
NBB · annual accounts
lowers risk · Founded in 1954
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €133.3m, 220.5 FTE, total assets €51.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-05-2025, 83 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
83 days early
2023
89 days early
2022
69 days early
2021
102 days late
2020
57 days early
2019
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Reappointment: KPMG Bedrijfsrevisoren BV (company auditor)Appointment: Rolf KIHM (chair of…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Resignations: Rafaella Berardo (director) and Nicolas…Appointments: Nicole Cataldo (director) and…

Key points

  • Caution: Result fell in 2024from €5.1m to €2.2m ▼ 57.5% View
  • Positive: Among the best 9% on equitysector median €1.3m · 6,130 companies €21.4m View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €2.2m 7 years View
  • Active since 1954founded 18-03-1954 72 years View
  • Known shareholderslargest: Imanto AG 100% 100% View
  • Flemish supportawarded 2022 - 2025 €182,674 View

By topic

Financials

Fiscal year
2024
Turnover
€133.3m
Profit
€2.2m
Solvency
41.3%
Turnover▼ 2.0%
Net result
20182024
Go to Financials

Board & ownership

Board
4 members
Largest shareholder
Imanto AG · 100%
Known shareholders
100%
Auditor
KPMG Réviseurs d'Entreprises
  • Rolf KIHMChair
  • BERARDO RaffaellaDirector
  • Kristof De BolleDirector
  • Nicole CataldoDirector
Go to Board & ownership

Timeline

Events
35
Since
2004
  1. 03-05-2024Annual accounts filed
  2. 31-12-2023Highest result since 2018
  3. 31-08-2023Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Wholesale of electrical household appliances and audio-video equipmentNACE 46431
Founded
18-03-1954
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De handel onder al zijn vormen, de fabricatie, de samenstelling en de herstelling van alle…
Go to Articles of association

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