MILANDEV
ActiveMILANDEV has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €38k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+3
Solvency82▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.02 in 2024; short-term debt: 15.7% and cash: 9.4% of total assets), and 43.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.6%
Return on assets
14.3%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d late
2023
1 d late
2022
on the day
2021
3 d early
2020
9 d early
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▲ 19.3%
2024 · €125k
2019: €67k
2020: €72k
2021: €38k
2022: €64k
2023: €116k
2024: €125k
2019 → 2025
Total assets
€264k▲ 9.2%
2024 · €241k
2019: €220k
2020: €246k
2021: €203k
2022: €205k
2023: €366k
2024: €241k
2019 → 2025
Net result
€38k▲ 30.1%
2024 · €29k
2019: €18k
2020: €31k
2021: €-83
2022: €26k
2023: €81k
2024: €29k
2019 → 2025
Working capital
€21k▲ 1,894%
2024 · €1k
2019: €50k
2020: €49k
2021: €-13k
2022: €-15k
2023: €11k
2024: €1k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€64k▲ 68.8%€116k▲ 79.9%€125k▲ 7.8%€149k▲ 19.3%
Operating result€7k-€33k▲ 399%€110k▲ 233%€26k▼ 76.2%€53k▲ 104%
Net result€-83-€26k€81k▲ 209%€29k▼ 64.2%€38k▲ 30.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 104% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets
€201k▲ 2.8%
Current assets
€63k▲ 36.3%
Equity and liabilities €264k
Equity
€149k▲ 19.3%
Debt
€115k▼ 1.7%
The debt ratio falls from 48.3% to 43.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €41k
Cash flow
€54k▲
2024 · €44k
Solvency
56.6%▲
2024 · 51.7%
Current ratio
1.51▲
2024 · 1.02
Quick ratio
1.51▲
2024 · 1.02
Debt / equity
0.77▼
2024 · 0.93
ROE
25.3%▲
2024 · 23.2%
ROA
14.3%▲
2024 · 12.0%
Interest coverage
15.66▲
2024 · 10.34
Debt
€115k▼
2024 · €117k
Debt ≤ 1 year
€41k▼
2024 · €45k
Debt > 1 year
€61k▼
2024 · €72k
Income taxes
€8k▲
2024 · €-7k
Staff costs
€385▼
2024 · €661
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€241k€264k▲
Fixed assets21/28€195k€201k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€195k€201k▲
Land and buildings22€135k€149k▲
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€26k€21k▼
Other tangible fixed assets26€24k€24k▼
Current assets29/58€46k€63k▲
Amounts receivable within one year40/41€30k€30k▼
Trade receivables40€25k€27k▲
Other amounts receivable41€6k€2k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€11k€25k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€241k€264k▲
Equity10/15€125k€149k▲
Contributions10/11€12k€12k=
Reserves13€108k€137k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€106k€135k▲
Profit (loss) carried forward14€4k-
Amounts payable17/49€117k€115k▼
Amounts payable after more than one year17€72k€61k▼
Financial debts170/4€72k€61k▼
Amounts payable within one year42/48€45k€41k▼
Current portion of amounts payable after more than one year42€14k€11k▼
Trade debts44€11k€3k▼
Suppliers440/4€11k€3k▼
Taxes, remuneration and social security45€6k€14k▲
Taxes450/3€6k€14k▲
Other amounts payable47/48€14k€14k=
Accrued charges and deferred income492/3-€13k
Income statement
Code20242025
Non-recurring operating income76A€766€372▼
Remuneration, social security and pensions62€661€385▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€9k€13k▲
Non-recurring operating charges66A€13k-
Gross operating margin9900€63k€83k▲
Operating profit (loss)9901€26k€53k▲
Financial income75/76B€147€38▼
Recurring financial income75€147€38▼
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€4k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€22k€46k▲
Income taxes67/77€-7k€8k▲
Profit (loss) for the period9904€29k€38k▲
Profit (loss) for the period to be appropriated9905€29k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€42k▲
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer to equity691/2€8k€29k▲
To other reserves6921€8k€29k▲
Profit to be distributed694/7€20k€14k▼
Directors or managers695€20k€14k▼
The notes to these accounts (6 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Highest result since 2019net €81k ▲209%
Operating result €110k, net result €81k, both a record.
30-06
Financial
Equity above €100kEq €116k ▲79.9%
2 profitable years in a row build equity to €116k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-83 ▼100%
Net result drops to €-83, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zulte · 1 establishment unit since 2014
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.
Heirweg 729870 ZulteGround area
1,373 m²
Building footprint
238 m²
Volume, LiDAR
1,231 m³
Parcel 44050A0386/00F000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heirweg 72, 9870 Zulte
since 20142.227.382.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050A0386/00F000 | Flanders | 1,373 m² | 1 · 238 m² | 11.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 6,840 EUR awarded · 6,840 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,013 EUR | 1,013 EUR |
| 2024 | 1 | 428 EUR | 428 EUR |
| 2023 | 1 | 5,399 EUR | 5,399 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DHB MANAGEMENT
BE 0871.352.879
Oostende · Eq €149k
DDN INVEST
BE 0456.910.184
Aalter · Eq €149k
MA2D
BE 0776.816.283
Elsene · Eq €149k
PETERMARK
BE 0864.855.958
Elsene · Eq €149k
Project 275
BE 0804.119.112
Zonnebeke · Eq €149k
Of 11,748 companies in sector 68310 we hold annual accounts for 6,906. 5,261 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-12-2013
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:thmi@skynet.be