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MiL Construct

Active
Private limited company·Dakwerkzaamheden· 5 yrs active
Rue des Sottais 11 ·4910 Theux, Belgium
KBO/BCE: BE 0765.974.158
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Age5 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MiL Construct is 2.5% (moderate). The 2024 annual accounts show equity of €145k and a net result of €49k. Equity is growing by ~52.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 11081 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 87% of 11081 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.5% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€49k+50.6%
Working capital€116k+80.1%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 20-08-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2021: €37k€37kNet result 2021: €29k€29kOperating result 2022: €32k€32kNet result 2022: €25k€25kOperating result 2023: €42k€42kNet result 2023: €32k€32kOperating result 2024: €59k€59kNet result 2024: €49k€49k2021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~52.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2025: €223k (€212k - €235k)2026: €341k (€329k - €352k)2027: €520k (€508k - €532k)2021: €39k2022: €65k2023: €97k2024: €145k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 74.1% 40.9%
better than 87% of 11081 sector peers
Net result €49k €11k
better than 86% of 11063 sector peers
Equity €145k €34k
better than 90% of 11084 sector peers
Gross operating margin €75k €35k
better than 75% of 11054 sector peers
Staff costs €2k €25k
higher than 26% of 4035 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P87
2021: P73 · n=35362022: P81 · n=65192023: P91 · n=90902024: P87 · n=110812021 2024
Improving position over 2021-2024 · n=3536-11081
Net result P86
2021: P77 · n=35272022: P70 · n=65042023: P76 · n=90752024: P86 · n=110632021 2024
Improving position over 2021-2024 · n=3527-11063
Equity P90
2021: P62 · n=35392022: P77 · n=65252023: P85 · n=90962024: P90 · n=110842021 2024
Improving position over 2021-2024 · n=3539-11084
Gross operating margin P75
2021: P56 · n=35272022: P60 · n=64982023: P67 · n=90652024: P75 · n=110542021 2024
Improving position over 2021-2024 · n=3527-11054
Describes the position versus peers, not a forecast.
EBITDA
€72k
+34.9% far above sector median
Net profit
€49k
+50.6% far above sector median
Cash flow
€62k
+41.4% far above sector median
Total assets
€196k
+55.9% +122% vs sector
Equity
€145k
+50.2% far above sector median
Working capital
€116k
+80.1% far above sector median
Staff costs
€2k
-10.5% -98% vs sector
Income taxes
€14k
+55.4% far above sector median
Debt
€51k
+75.0% ≈ vs sector
Debt ≤ 1y
€51k
+75.0% ≈ vs sector
Current ratio
3.28
+2.0% +142% vs sector
Quick ratio
3.28
+2.0% +197% vs sector
Solvency
74.1%
-3.7% +156% vs sector
Debt / equity
0.35
+16.5% -82% vs sector
ROE
33.4%
+0.2% +203% vs sector
ROA
24.8%
-3.4% far above sector median
Interest coverage
9929.27
+29439.3% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€72k
Net profit€49k
Cash flow€62k
Staff costs€2k
Income taxes€14k
Dividends-
Total assets€196k
Equity€145k
Debt€51k
of which ≤ 1y€51k
of which > 1y-
Working capital€116k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.28
Quick ratio3.28
Working capital ratio59.1%
Solvency74.1%
Debt / equity0.35
Long-term debt ratio-
Interest coverage9929.27
Gross margin-
Net margin-
ROA24.8%
ROE33.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€196k
Fixed assets 21/28€29k
Intangible fixed assets 21€498
Tangible fixed assets 22/27€29k
Current assets 29/58€167k
Amounts receivable within one year 40/41€129k
Cash & bank 54/58€38k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€196k
Equity 10/15€145k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€135k
Amounts payable 17/49€51k
Amounts payable within one year 42/48€51k
Trade debts payable within one year 44€9k
Income statement
Gross operating margin 9900€75k
Operating result 9901€59k
Financial income 75€4k
Financial charges 65€7
Result before taxes 9903€63k
Income taxes 67/77€14k
Net result for the period 9904€49k
Result to be appropriated 9905€49k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
100 / 100 Excellent
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
MiL construct
Rue des Sottais 11, 4910 TheuxVervaardiging van zinken dakgoten en nokbekleding
since 20212.319.963.252
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area321 m²
Buildings1
Building footprint119 m²
Volume (LiDAR)910 m³
Tallest building9.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63076A1341/00E000 Wallonia 321 m² 1 · 119 m² 9.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health100Profitability100Solvency100Growth78Stability94
94 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 100
Solvency 100
Growth 78
Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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AI-generated from Checked data; indicative, not legal or investment advice.

Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Same sector, ranked by comparable size

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Dakwerkzaamheden43410Dakwerkzaamheden43910Vervaardiging van overige artikelen van metaal, n.e.g.25999Vervaardiging van overige producten van metaal, neg25999Waterdichtingswerken van muren43421Metselwerk43910Waterdichtingswerken van muren43991Uitvoeren van metsel- en voegwerken43994Overige posterijen en koeriers53200Overige posterijen en koeriers53200Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300
Primary activity highlighted.
Names & trade names
Legal nameFR MiL Construct
Registered office
Rue des Sottais 11
4910 Theux, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.