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MILANDEV

Active
Private limited company (pre-2019)founded 2013active for 12 yearsHeirweg 72A, 9870 Olsene, BelgiumKBO/BCE: BE 0543.911.464
Summary

MILANDEV has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,096 and a net result of €37,767. Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 70% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

Source: KBO
Status
Active since 24-12-2013 Normal situation
Activity
Real estate agency activities NACE 68310
Establishment unit
2.227.382.294 9870 Zulte, since 02-01-2014
Financial year end
30 June
Peppol
Reachable since 28-07-2024

Board and ownership

Board
  • Michels ThibaultDirector

Financial position

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 30-06-2025
Gross margin
€82,715
▲ 30.3%
Turnover
≈ €170,000
estimated
Profit
€37,767
▲ 30.1%
Equity
€149,096
▲ 19.3%
Total assets
€263,640
▲ 9.2%
Staff
≈ 0 FTE
estimated
Score breakdownraises risk1 change of registered office in 24 monthsSize: total assets €263,640lowers riskSector: Real estate activities (NACE 68)Founded in 2013Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 74% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 82+5
equity 56.6% of total assets
Liquidity 58+8
short-term debt 15.7% · cash 9.4%
Profitability 87+3
return on assets 14.3%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025 03-2025: 0.2%▼ -0.2 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 0.1%▼ -0.4 percentage points vs 02-2026lowest value 04-2026: 0.5%▲ +0.4 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51 (1.02 in 2024), above the usual 1.5. Short-term debt is 15.7% and cash 9.4% of total assets. 43.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 69% of them on solvency, 69% on liquidity, 83% on profitability and 75% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Size: total assets €263,640
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2013
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 filings
Deviation from the deadline
2025
on the day
2024
2 days late
2023
1 day late
2022
on the day
2021
3 days early
2020
9 days early
2019
20 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end05-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Registered office moved from Zulte to OlseneNew registered office: Heirweg 72A, 9870 Olsene · Previous registered office: Heirweg 72, 9870 Zulte
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as MILANDEV: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €209,000 and €299,000, founded between 2012 and 2015.

CompanyTotal assetsGross margin
MILANDEV Zulte€263,640€82,715
IMMO YVES Eeklo€299,060€73,895
VERSACO Destelbergen€208,809€82,528
IMMOVLAM Veurne€287,395€91,802
LIVE IMMO Nivelles€288,293€82,670
NS IMMO Berchem-Sainte-Agathe€257,488€73,733
Vastgoedplus Duffel€272,055€88,484
Full comparison

Key facts about MILANDEV

What is the company number of MILANDEV?
The company number of MILANDEV is 0543.911.464. The VAT number is the same number with BE in front: BE 0543.911.464.
Where is MILANDEV based?
The registered office is at Heirweg 72, 9870 Zulte.Company details
What does MILANDEV do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of MILANDEV?
MILANDEV is a private limited company (pre-2019) (BVBA).
When was MILANDEV founded?
MILANDEV was founded on 24-12-2013.
Is MILANDEV still active?
Yes, MILANDEV is an active enterprise in the KBO register.
What is the turnover of MILANDEV?
The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €82,715 and 32 comparable companies (NACE 683). It probably lies between €110,000 and €230,000.Financials
Is MILANDEV profitable?
In financial year 2025, MILANDEV made a profit of €37,767.
Where can I find the annual accounts of MILANDEV?
MILANDEV filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MILANDEV due?
MILANDEV must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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