MILANCO
ActiveMILANCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €640k and a net result of €-119k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency65▼-17
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.89 in 2024), and 60% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€119k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
1 d early
2022
31 d early
2021
11 d early
2020
29 d early
2019
32 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€640k▼ 15.7%
2024 · €759k
2018: €605k
2019: €601k
2020: €677k
2021: €674k
2022: €851k
2023: €845k
2024: €759k
2018 → 2025
Total assets
€1.60M▼ 15.3%
2024 · €1.89M
2018: €1.23M
2019: €1.23M
2020: €1.23M
2021: €1.79M
2022: €1.74M
2023: €1.70M
2024: €1.89M
2018 → 2025
Net result
€-119k▼ 38.8%
2024 · €-86k
2018: €102k
2019: €-5k
2020: €71k
2021: €-3k
2022: €89k
2023: €-6k
2024: €-86k
2018 → 2025
Working capital
€76k▼ 80.2%
2024 · €382k
2018: €-526k
2019: €-565k
2020: €-396k
2021: €-414k
2022: €-8k
2023: €60k
2024: €382k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€674k-€851k▲ 26.3%€845k▼ 0.7%€759k▼ 10.2%€640k▼ 15.7%
Operating result€13k-€150k▲ 1,055%€19k▼ 87.3%€-26k€-71k▼ 176%
Net result€-3k-€89k€-6k€-86k▼ 1,262%€-119k▼ 38.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €71k in 2025 against €26k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€1.02M▼ 5.8%
Current assets
€584k▼ 28.1%
Equity and liabilities €1.60M
Equity
€640k▼ 15.7%
Provisions
€18k▼ 9.5%
Debt
€941k▼ 15.2%
The debt ratio rises from 58.7% to 58.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€8k▼
2024 · €49k
Cash flow
€-40k▼
2024 · €-11k
Solvency
40.0%▼
2024 · 40.2%
Current ratio
1.15▼
2024 · 1.89
Quick ratio
0.33▼
2024 · 0.39
Debt / equity
1.47▲
2024 · 1.46
ROE
-18.6%▼
2024 · -11.3%
ROA
-7.4%▼
2024 · -4.5%
Interest coverage
0.15▼
2024 · 0.80
Debt
€941k▼
2024 · €1.11M
Debt ≤ 1 year
€508k▲
2024 · €429k
Debt > 1 year
€431k▼
2024 · €661k
Income taxes
€182▼
2024 · €670
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€1.89M€1.60M▼
Formation expenses20€0€0=
Fixed assets21/28€1.08M€1.02M▼
Tangible fixed assets22/27€1.08M€1.02M▼
Land and buildings22€879k€837k▼
Plant, machinery and equipment23€198k€179k▼
Furniture and vehicles24€171€0▼
Financial fixed assets28€250€250=
Current assets29/58€811k€584k▼
Stocks and contracts in progress3€642k€416k▼
Stocks30/36€642k€416k▼
Amounts receivable within one year40/41€148k€120k▼
Trade receivables40€28k-
Other amounts receivable41€120k€120k=
Cash at bank and in hand54/58€5k€36k▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.60M▼
Equity10/15€759k€640k▼
Contributions10/11€663k€663k=
Reserves13€96k€55k▼
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Tax-exempt reserves132€60k€55k▼
Distributable reserves133€30k-
Profit (loss) carried forward14-€-78k
Provisions and deferred taxes16€20k€18k▼
Deferred taxes168€20k€18k▼
Amounts payable17/49€1.11M€941k▼
Amounts payable after more than one year17€661k€431k▼
Financial debts170/4€661k€431k▼
Amounts payable within one year42/48€429k€508k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Financial debts43-€100k
Credit institutions430/8-€100k
Trade debts44€2k€41▼
Suppliers440/4€2k€41▼
Taxes, remuneration and social security45€2k€824▼
Taxes450/3€2k€824▼
Other amounts payable47/48€413k€393k▼
Accrued charges and deferred income492/3€20k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€79k▲
Other operating charges640/8€13k€9k▼
Gross operating margin9900€62k€17k▼
Operating profit (loss)9901€-26k€-71k▼
Financial income75/76B€7-
Recurring financial income75€7-
Financial charges65/66B€61k€49k▼
Recurring financial charges65€61k€49k▼
Profit (loss) for the period before taxes9903€-87k€-121k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€670€182▼
Profit (loss) for the period9904€-86k€-119k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€-80k€-113k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-80k€-113k▼
Transfer from equity791/2€80k€36k▼
The notes to these accounts (9 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-119k
Net result drops to €-119k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
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
5 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, Knokke-Heist · 1 establishment unit since 2007
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.
Canadasquare 48300 Knokke-HeistGround area
652 m²
Building footprint
536 m²
Volume, LiDAR
9,163 m³
Parcel 31013A0113/00C000, Flanders · tallest building 28.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MILANCO
since 20072.165.073.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0113/00C000 | Flanders | 652 m² | 1 · 536 m² | 28.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 32,363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.