MILABEL
Open bankruptcyA bankruptcy procedure is open for MILABEL according to publications in the Belgian State Gazette; curator: CHRISTINE DE RIDDER.
Summary
The 2023 annual accounts show equity of €15,618 and a net result of €1,587.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 19 May 2026
- Supervising judge
- Stijn Mollemans
- Official Gazette
- 28-05-2026 (pdf) ↗search the document for 2026/122873
Deadlines
- Provisional date payments stopped
- 19 May 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 12 June 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 June 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 June 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 19 May 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christine De RidderZavelstraat 13, 1000 Brussel 1c.deridder@mileslegal.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
30 d late
2021
75 d late
2020
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€15,618▲ 11.3%
2022 · €14,031
Total assets
€31,202▲ 28.3%
2022 · €24,325
Net result
€1,587▼ 74.3%
2022 · €6,176
Working capital
€11,815▼ 8.7%
2022 · €12,934
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€815-€7,291▲ 795%€7,924▲ 8.7%€2,301▼ 71.0%
Net result€662within the sector's middle half-€5,693within the sector's middle half▲ 760%€6,176within the sector's middle half▲ 8.5%€1,587within the sector's middle half▼ 74.3%
Equity€2,162below the sector's middle half-€7,855below the sector's middle half▲ 263%€14,031below the sector's middle half▲ 78.6%€15,618below the sector's middle half▲ 11.3%
Total assets€11,991below the sector's middle half-€15,762below the sector's middle half▲ 31.4%€24,325below the sector's middle half▲ 54.3%€31,202below the sector's middle half▲ 28.3%
Debt€9,829-€7,907▼ 19.6%€10,294▲ 30.2%€15,584▲ 51.4%
Working capital€1,936below the sector's middle half-€7,440within the sector's middle half▲ 284%€12,934within the sector's middle half▲ 73.9%€11,815within the sector's middle half▼ 8.7%
Solvency18.0%below the sector's middle half-49.8%within the sector's middle half▲ 31.8pp57.7%within the sector's middle half▲ 7.8pp50.1%within the sector's middle half▼ 7.6pp
Current ratio1.20within the sector's middle half-1.94within the sector's middle half▲ 0.742.26within the sector's middle half▲ 0.321.76within the sector's middle half▼ 0.50
Return on assets (ROA)5.5%within the sector's middle half-36.1%above the sector's middle half▲ 30.6pp25.4%above the sector's middle half▼ 10.7pp5.1%within the sector's middle half▼ 20.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 71% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €31,202
Fixed assets
€3,803 ▲ 247%
Current assets
€27,398 ▲ 18.0%
Equity and liabilities €31,202
Equity
€15,618 ▲ 11.3%
Debt
€15,584 ▲ 51.4%
Debt's share of the balance-sheet total rises from 42.3% to 49.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,344▼
2022 · €8,444
Cash flow
€3,630▼
2022 · €6,696
Debt to equity
1.00▲
2022 · 0.73
ROE
10.2%▼
2022 · 44.0%
Interest coverage
26.23▼
2022 · 47.86
Debt ≤ 1 year
€15,584▲
2022 · €10,294
Income taxes
€582▼
2022 · €1,572
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113 | €210 | €520 | €2,043 | ▲ 293% |
| Other operating charges640/8 | - | €221 | €420 | €582 | ▲ 38.4% |
| Gross operating margin9900 | €2,036 | €7,721 | €8,865 | €4,926 | ▼ 44.4% |
| Operating profit (loss)9901 | €815 | €7,291 | €7,924 | €2,301 | ▼ 71.0% |
| Financial income75/76B | - | €27 | €0 | €34 | ▲ 11,320% |
| Recurring financial income75 | €62 | €27 | €0 | €34 | ▲ 11,320% |
| Financial charges65/66B | - | €185 | €176 | €166 | ▼ 6.1% |
| Recurring financial charges65 | €49 | €185 | €176 | €166 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €828 | €7,133 | €7,748 | €2,169 | ▼ 72.0% |
| Income taxes67/77 | €166 | €1,440 | €1,572 | €582 | ▼ 63.0% |
| Profit (loss) for the period9904 | €662 | €5,693 | €6,176 | €1,587 | ▼ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €662 | €5,693 | €6,176 | €1,587 | ▼ 74.3% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,991 | €15,762 | €24,325 | €31,202 | ▲ 28.3% |
| Fixed assets21/28 | €225 | €415 | €1,096 | €3,803 | ▲ 247% |
| Tangible fixed assets22/27 | €225 | €415 | €1,096 | €3,803 | ▲ 247% |
| Plant, machinery and equipment23 | - | €415 | €1,096 | €563 | ▼ 48.7% |
| Furniture and vehicles24 | - | - | - | €3,240 | - |
| Current assets29/58 | €11,766 | €15,347 | €23,228 | €27,398 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €9,646 | €7,380 | €8,160 | €18,783 | ▲ 130% |
| Trade receivables40 | - | €7,380 | €8,160 | €18,757 | ▲ 130% |
| Other amounts receivable41 | - | - | - | €26 | - |
| Cash at bank and in hand54/58 | €2,120 | €7,967 | €15,068 | €8,615 | ▼ 42.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,991 | €15,762 | €24,325 | €31,202 | ▲ 28.3% |
| Equity10/15 | €2,162 | €7,855 | €14,031 | €15,618 | ▲ 11.3% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €662 | €6,355 | €12,531 | €14,118 | ▲ 12.7% |
| Amounts payable17/49 | €9,829 | €7,907 | €10,294 | €15,584 | ▲ 51.4% |
| Amounts payable within one year42/48 | €9,829 | €7,907 | €10,294 | €15,584 | ▲ 51.4% |
| Trade debts44 | €8,092 | €1,063 | €1,838 | €10,413 | ▲ 467% |
| Suppliers440/4 | - | €1,063 | €1,838 | €10,413 | ▲ 467% |
| Taxes, remuneration and social security45 | - | €1,613 | €4,885 | €1,060 | ▼ 78.3% |
| Taxes450/3 | - | €1,613 | €3,385 | €1,060 | ▼ 68.7% |
| Remuneration and social security454/9 | - | - | €1,500 | - | - |
| Other amounts payable47/48 | - | €5,231 | €3,572 | €4,111 | ▲ 15.1% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €662 | €5,693 | €6,176 | €1,587 | ▼ 74.3% |
| + Depreciation and write-downs630 | €113 | €210 | €520 | €2,043 | ▲ 293% |
| Operating cash flow (approximation) | €774 | €5,903 | €6,696 | €3,630 | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | -€399 | -€1,201 | -€4,750 | ▼ 295% |
| Change in cash | - | €5,847 | €7,101 | -€6,453 | ▼ 191% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
28-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 19-05-2026
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2020net €6,176 ▲8.5%
Operating result €7,924, net result €6,176, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2020
Ground area
206 m²
Building footprint
63 m²
Volume, LiDAR
460 m³
Parcel 23069A0001/00A002, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MILABEL
since 20202.305.021.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0001/00A002 | Flanders | 206 m² | 1 · 63 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTINE DE RIDDER ZAVELSTRAAT 13,
1000 BRUSSEL 1 |
19-05-2026 → present |
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 4,852 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.