MILAN - CONSULTING
ActiveMILAN - CONSULTING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-2k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36=
Solvency28▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.09 in 2024; short-term debt: 91.9% and cash: 0.6% of total assets), and 96.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
3.5%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-2k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8647 sector peers (2025).
NBB · sector comparisonPosition among 8647 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
35 d late
2023
44 d early
2022
42 d early
2021
46 d early
2020
4 d late
2019
24 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€18k▼ 10.4%
2024 · €20k
2018: €25k
2019: €24k
2020: €22k
2021: €20k
2022: €20k
2023: €23k
2024: €20k
2018 → 2025
Total assets
€508k▼ 0.4%
2024 · €511k
2018: €525k
2019: €522k
2020: €520k
2021: €517k
2022: €511k
2023: €516k
2024: €511k
2018 → 2025
Net result
€-2k▲ 44.3%
2024 · €-4k
2018: €4k
2019: €-1k
2020: €-2k
2021: €-2k
2022: €-175
2023: €4k
2024: €-4k
2018 → 2025
Working capital
€41k▼ 4.7%
2024 · €43k
2018: €49k
2019: €48k
2020: €46k
2021: €43k
2022: €43k
2023: €48k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€20k▼ 0.9%€23k▲ 19.2%€20k▼ 15.7%€18k▼ 10.4%
Operating result€-1k-€-175▲ 86.2%€5k€-4k€-2k▲ 44.9%
Net result€-2k-€-175▲ 92.0%€4k€-4k€-2k▲ 44.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €508k
Equity
€18k▼ 10.4%
Debt
€491k=
The debt ratio rises from 96.1% to 96.5%. Equity is lower.
Key figures and ratios
Solvency
3.5%▼
2024 · 3.9%
Current ratio
1.09▼
2024 · 1.09
Quick ratio
1.09▼
2024 · 1.09
Debt / equity
27.84▲
2024 · 24.95
ROE
-11.6%▲
2024 · -18.7%
ROA
-0.4%▲
2024 · -0.7%
Debt
€491k=
2024 · €491k
Debt ≤ 1 year
€467k=
2024 · €467k
Debt > 1 year
€24k=
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€511k€508k▼
Current assets29/58€511k€508k▼
Amounts receivable within one year40/41€89k€84k▼
Trade receivables40€10k€5k▼
Other amounts receivable41€79k€79k=
Current investments50/53€421k€421k=
Cash at bank and in hand54/58€64€3k▲
Equity and liabilities
Total equity and liabilities10/49€511k€508k▼
Equity10/15€20k€18k▼
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-48k€-50k▼
Amounts payable17/49€491k€491k=
Amounts payable after more than one year17€24k€24k=
Financial debts170/4€24k€24k=
Amounts payable within one year42/48€467k€467k=
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€467k€467k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Other operating charges640/8€528€544▲
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-4k€-2k▲
Financial charges65/66B€44€45▲
Recurring financial charges65€44€45▲
Profit (loss) for the period before taxes9903€-4k€-2k▲
Profit (loss) for the period9904€-4k€-2k▲
Profit (loss) for the period to be appropriated9905€-4k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-50k▼
Profit (loss) brought forward from the previous period14P€-44k€-48k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼198%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Aalter · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Houtkant 29880 AalterGround area
6,641 m²
Building footprint
770 m²
Volume, LiDAR
1,765 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oostmolenstraat 51, 9880 Aalter
since 20022.096.160.892
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0863/00A000 | Flanders | 4,482 m² | 1 · 500 m² | 1.5 m |
| 44001B0601/00L002 | Flanders | 2,159 m² | 1 · 270 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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JROCKS
BE 0767.705.411
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MEANING MOVERS
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QUALTEC
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 29,195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-06-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.