MiLADY
ActiveSummary
The computed 12-month bankruptcy probability of MiLADY is 2.6% (moderate). The 2024 annual accounts show negative equity (-€13,911) and a net result of €23,831. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 18930 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency8▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 1.07 in 2023; short-term debt: 94.2% and cash: 22.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-17.4%
Return on assets
29.8%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
142 d late
2022
335 d late
2021
228 d late
2020
593 d late
2019
76 d late
← 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 231 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€13,911▲ 63.1%
2023 · -€37,742
Total assets
€80,037▼ 39.3%
2023 · €131,870
Net result
€23,831
2023 · -€32,982
Working capital
-€9,652
2023 · €7,240
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,041€37,890▲ 438%€27,421▼ 27.6%-€32,112€24,817
Net result€5,379within the sector's middle half€37,770above the sector's middle half▲ 602%€27,084above the sector's middle half▼ 28.3%-€32,982below the sector's middle half€23,831above the sector's middle half
Equity-€69,614below the sector's middle half▲ 7.2%-€31,844below the sector's middle half▲ 54.3%-€4,760below the sector's middle half▲ 85.1%-€37,742below the sector's middle half▼ 693%-€13,911below the sector's middle half▲ 63.1%
Total assets€58,798within the sector's middle half▼ 14.6%€113,137within the sector's middle half▲ 92.4%€122,776within the sector's middle half▲ 8.5%€131,870within the sector's middle half▲ 7.4%€80,037within the sector's middle half▼ 39.3%
Debt€128,413▼ 10.7%€144,981▲ 12.9%€127,537▼ 12.0%€169,612▲ 33.0%€93,948▼ 44.6%
Working capital-€61,551below the sector's middle half▲ 25.3%-€5,822within the sector's middle half▲ 90.5%-€7,520within the sector's middle half▼ 29.2%€7,240within the sector's middle half-€9,652within the sector's middle half
Solvency-118.4%below the sector's middle half▼ 9.4pp-28.1%below the sector's middle half▲ 90.2pp-3.9%within the sector's middle half▲ 24.3pp-28.6%below the sector's middle half▼ 24.7pp-17.4%below the sector's middle half▲ 11.2pp
Current ratio0.24below the sector's middle half▲ 0.060.93within the sector's middle half▲ 0.680.92within the sector's middle half▼ 0.011.07within the sector's middle half▲ 0.160.87within the sector's middle half▼ 0.20
Return on assets (ROA)9.1%within the sector's middle half▲ 145.2pp33.4%above the sector's middle half▲ 24.2pp22.1%above the sector's middle half▼ 11.3pp-25.0%below the sector's middle half▼ 47.1pp29.8%above the sector's middle half▲ 54.8pp
Staff (FTE)1.3within the sector's middle half▼ 51.9%1.1▼ 15.4%1.2▲ 9.1%0.9▼ 25.0%3▲ 233%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 returns to profit in 2024: €24,817 after a loss of €32,112 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,037
Fixed assets
€14,328 ▼ 44.8%
Current assets
€65,709 ▼ 38.0%
Equity and liabilities
Equity-€13,911
Debt€93,948
Equity is negative: debt (€93,948) exceeds the balance-sheet total (€80,037).
Key figures and ratios
EBITDA
€36,454▲
2023 · -€18,847
Cash flow
€35,468▲
2023 · -€19,717
Interest coverage
34.84▲
2023 · -21.67
Debt ≤ 1 year
€75,361▼
2023 · €98,665
Debt > 1 year
€10,709▲
2023 · €10,609
Staff costs
€44,360▲
2023 · €38,893
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,220 | €2,139 | €38,047 | €38,893 | €44,360 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,566 | - | €13,265 | €13,265 | €11,637 | ▼ 12.3% |
| Other operating charges640/8 | €7,396 | €251 | €102 | €2,838 | €3,333 | ▲ 17.4% |
| Gross operating margin9900 | €53,223 | €40,280 | €78,835 | €22,885 | €84,147 | ▲ 268% |
| Operating profit (loss)9901 | €7,041 | €37,890 | €27,421 | -€32,112 | €24,817 | ▲ 177% |
| Financial income75/76B | €272 | - | €1 | - | €60 | - |
| Recurring financial income75 | €272 | - | €1 | - | €60 | - |
| Financial charges65/66B | €1,935 | €120 | €338 | €870 | €1,046 | ▲ 20.3% |
| Recurring financial charges65 | €1,935 | €120 | €338 | €870 | €1,046 | ▲ 20.3% |
| Profit (loss) for the period before taxes9903 | €5,379 | €37,770 | €27,084 | -€32,982 | €23,831 | ▲ 172% |
| Profit (loss) for the period9904 | €5,379 | €37,770 | €27,084 | -€32,982 | €23,831 | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | €5,379 | €37,770 | €27,084 | -€32,982 | €23,831 | ▲ 172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,798 | €113,137 | €122,776 | €131,870 | €80,037 | ▼ 39.3% |
| Fixed assets21/28 | €38,997 | €38,997 | €39,230 | €25,965 | €14,328 | ▼ 44.8% |
| Intangible fixed assets21 | €30,357 | €30,357 | €23,214 | €16,071 | €8,929 | ▼ 44.4% |
| Tangible fixed assets22/27 | €8,640 | €8,640 | €16,016 | €9,893 | €5,399 | ▼ 45.4% |
| Plant, machinery and equipment23 | €8,640 | €8,640 | €16,016 | €9,893 | €5,399 | ▼ 45.4% |
| Current assets29/58 | €19,801 | €74,140 | €83,547 | €105,905 | €65,709 | ▼ 38.0% |
| Stocks and contracts in progress3 | €4,590 | €4,590 | €4,590 | €4,590 | - | - |
| Stocks30/36 | €4,590 | €4,590 | €4,590 | €4,590 | - | - |
| Amounts receivable within one year40/41 | €906 | €50,175 | €54,218 | €79,378 | €44,862 | ▼ 43.5% |
| Trade receivables40 | - | €49,249 | €37,889 | €78,452 | €43,853 | ▼ 44.1% |
| Other amounts receivable41 | €906 | €926 | €16,329 | €926 | €1,008 | ▲ 8.9% |
| Cash at bank and in hand54/58 | €14,305 | €17,387 | €21,087 | €18,877 | €17,788 | ▼ 5.8% |
| Deferred charges and accrued income490/1 | - | €1,988 | €3,651 | €3,060 | €3,060 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,798 | €113,137 | €122,776 | €131,870 | €80,037 | ▼ 39.3% |
| Equity10/15 | -€69,614 | -€31,844 | -€4,760 | -€37,742 | -€13,911 | ▲ 63.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€88,214 | -€50,444 | -€23,360 | -€56,342 | -€32,511 | ▲ 42.3% |
| Amounts payable17/49 | €128,413 | €144,981 | €127,537 | €169,612 | €93,948 | ▼ 44.6% |
| Amounts payable after more than one year17 | €39,182 | €33,876 | €28,593 | €10,609 | €10,709 | ▲ 0.9% |
| Financial debts170/4 | €39,182 | €33,876 | €28,593 | €10,609 | €10,709 | ▲ 0.9% |
| Amounts payable within one year42/48 | €81,352 | €79,962 | €91,066 | €98,665 | €75,361 | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | €4,145 | €4,145 | - | €9,500 | €143 | ▼ 98.5% |
| Trade debts44 | €3,910 | €12,028 | - | - | €28,095 | - |
| Suppliers440/4 | €3,910 | €12,028 | - | - | €28,095 | - |
| Taxes, remuneration and social security45 | €8,530 | €4,856 | €50,989 | €75,886 | €47,124 | ▼ 37.9% |
| Taxes450/3 | €446 | €2,269 | €25,460 | €14,184 | €13,470 | ▼ 5.0% |
| Remuneration and social security454/9 | €8,084 | €2,587 | €25,529 | €61,702 | €33,654 | ▼ 45.5% |
| Other amounts payable47/48 | €64,768 | €58,934 | €40,077 | €13,279 | - | - |
| Accrued charges and deferred income492/3 | €7,878 | €31,143 | €7,878 | €60,338 | €7,878 | ▼ 86.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,379 | €37,770 | €27,084 | -€32,982 | €23,831 | ▲ 172% |
| + Depreciation and write-downs630 | €10,566 | - | €13,265 | €13,265 | €11,637 | ▼ 12.3% |
| Operating cash flow (approximation) | €15,944 | €37,770 | €40,349 | -€19,717 | €35,468 | ▲ 280% |
| Investment in fixed assets (approximation) | - | €0 | -€13,498 | €0 | €0 | - |
| Change in cash | - | €3,081 | €3,701 | -€2,211 | -€1,089 | ▲ 50.7% |
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
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Back to profitnet €23,831
Net result €23,831 after one loss-making year.
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 335 days late
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 228 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 593 days late
2021
31-12
Financial
Highest result since 2019net €37,770 ▲602%
Operating result €37,890, net result €37,770, both a record.
2020
31-12
Financial
Back to profitnet €5,379
Net result €5,379 after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
983 m²
Building footprint
204 m²
Volume, LiDAR
1,143 m³
Parcel 11056A0356/00N002, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dorp West 118, 2070 Beveren-Kruibeke-Zwijndrecht
since 20182.275.124.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0356/00N002 | Flanders | 983 m² | 1 · 203 m² | 10.8 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.275.124.211
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail
ddg89@hotmail.comBeveren-Kruibeke-Zwijndrecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693819719
Also
9925:BE0693819719
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.