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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MILANN is 2.4% (moderate). The 2025 annual accounts show equity of €21k and a net result of €10k. Its solvency ranks better than 21% of 2871 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
2 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2871 sector peers (2025).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.4%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€20k
EBIT margin50.1%
Net result€10k+30.0%
Working capital€-27k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 23-03-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.6% | 43.4% | |
| Net result | €10k | €13k | |
| Equity | €21k | €44k | |
| Gross operating margin | €14k | €39k | |
| Total assets | €120k | €115k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€20k
-
24-25
€13k
-
+12% vs sector
€10k
+30.0%
far above sector median
€10k
-
≈ vs sector
€120k
+483.3%
+71% vs sector
€21k
+94.2%
-63% vs sector
€-27k
-
far below sector median
€3k
+19.7%
far above sector median
€99k
+919.4%
far above sector median
€99k
+919.4%
far above sector median
0.73
-65.6%
-85% vs sector
0.73
-65.6%
-84% vs sector
17.6%
-66.7%
-79% vs sector
4.69
+425.0%
far above sector median
48.5%
-33.0%
far above sector median
8.5%
-77.7%
+133% vs sector
39.4%
-
24-25
70.07
-
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €13k |
| Net profit | €10k |
| Cash flow | €10k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €120k |
| Equity | €21k |
| Debt | €99k |
| of which ≤ 1y | €99k |
| of which > 1y | - |
| Working capital | €-27k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.73 |
| Quick ratio | 0.73 |
| Working capital ratio | -22.2% |
| Solvency | 17.6% |
| Debt / equity | 4.69 |
| Long-term debt ratio | - |
| Interest coverage | 70.07 |
| Gross margin | - |
| Net margin | - |
| ROA | 8.5% |
| ROE | 48.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €120k |
| Fixed assets | 21/28 | €48k |
| Tangible fixed assets | 22/27 | €48k |
| Current assets | 29/58 | €72k |
| Amounts receivable within one year | 40/41 | €40k |
| Cash & bank | 54/58 | €32k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €120k |
| Equity | 10/15 | €21k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €8k |
| Accumulated profits (losses) | 14 | €10k |
| Amounts payable | 17/49 | €99k |
| Amounts payable within one year | 42/48 | €99k |
| Trade debts payable within one year | 44 | €84k |
| Income statement | ||
| Gross operating margin | 9900 | €14k |
| Operating result | 9901 | €13k |
| Financial charges | 65 | €188 |
| Result before taxes | 9903 | €13k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €10k |
| Result to be appropriated | 9905 | €10k |
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Ratios computed by Checked.
Health barometer
FY 2025 · computed56
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Current01-10-2024 → present
Former directors (1)
-
Former- → 25-11-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
indexingNo insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 31-10-2023 |
| Status | Active |
| Postal code | 9820 |
Structure & network
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationMILANN
since 20232.351.889.813
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area201 m²
Buildings1
Building footprint151 m²
Volume (LiDAR)754 m³
Tallest building11.2 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0666/00B034 | Flanders | 201 m² | 1 · 151 m² | 11.2 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes67
/ 100
Strong profile, led by profitability.
Health
56
Profitability
100
Solvency
17
Growth
78
Stability
82
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)45201Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Verpakkingsbedrijven82920Activiteiten van verpakkingsbedrijven82920Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311
Primary activity highlighted.
Names & trade names
| Legal nameNL | MILANN |
Registered office
Hundelgemsesteenweg 175
9820 Merelbeke-Melle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.