MILANN
ActiveSummary
The computed 12-month bankruptcy probability of MILANN is 2.5% (moderate). The 2025 annual accounts show equity of €21k and a net result of €10k. Its solvency ranks better than 20% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency43▼-35
Growth78
Track record82
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.73 against 2.12 in 2024; short-term debt: 82.4% and cash: 26.8% of total assets), and 82.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-03-2026, 51 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 · 2 filingsDeviation from the deadline
2025
51 d late
2024
258 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€20k
EBIT margin
50.1%
Net result
€10k▲ 30.0%
2024 · €8k
Working capital
€-27k
2024 · €11k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€20k-
Operating result€10k-€13k▲ 29.7%
Net result€8k-€10k▲ 30.0%
EBIT margin50.1%-
Equity€11k-€21k▲ 94.2%
Total assets€21k-€120k▲ 483%
Debt€10k-€99k▲ 919%
Working capital€11k-€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€48k
Current assets
€72k
Equity and liabilities €120k
Equity
€21k ▲ 94.2%
Debt
€99k ▲ 919%
Debt's share of the balance-sheet total rises from 47.2% to 82.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k
Cash flow
€10k
Current ratio
0.73▼
2024 · 2.12
Debt to equity
4.69▲
2024 · 0.89
ROE
48.5%▼
2024 · 72.4%
ROA
8.5%▼
2024 · 38.3%
Interest coverage
70.07
Debt ≤ 1 year
€99k▲
2024 · €10k
Income taxes
€3k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €20k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €10k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €158 | - |
| Other operating charges640/8 | - | €663 | - |
| Gross operating margin9900 | €10k | €14k | ▲ 37.9% |
| Operating profit (loss)9901 | €10k | €13k | ▲ 29.7% |
| Financial charges65/66B | - | €188 | - |
| Recurring financial charges65 | - | €188 | - |
| Profit (loss) for the period before taxes9903 | €10k | €13k | ▲ 27.8% |
| Income taxes67/77 | €2k | €3k | ▲ 19.7% |
| Profit (loss) for the period9904 | €8k | €10k | ▲ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €8k | €10k | ▲ 30.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €21k | €120k | ▲ 483% |
| Fixed assets21/28 | - | €48k | - |
| Tangible fixed assets22/27 | - | €48k | - |
| Furniture and vehicles24 | - | €48k | - |
| Current assets29/58 | €21k | €72k | ▲ 251% |
| Amounts receivable within one year40/41 | €21k | €40k | ▲ 94.8% |
| Trade receivables40 | €20k | €27k | ▲ 36.8% |
| Other amounts receivable41 | €611 | €13k | ▲ 1,992% |
| Cash at bank and in hand54/58 | - | €32k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €21k | €120k | ▲ 483% |
| Equity10/15 | €11k | €21k | ▲ 94.2% |
| Contributions10/11 | €3k | €3k | = |
| Capital10 | €3k | - | - |
| Issued capital100 | €3k | - | - |
| Reserves13 | €8k | €8k | = |
| Non-distributable reserves130/1 | €300 | €300 | = |
| Legal reserve130 | €300 | - | - |
| Reserves not available under the articles1311 | - | €300 | - |
| Distributable reserves133 | €8k | €8k | = |
| Profit (loss) carried forward14 | - | €10k | - |
| Amounts payable17/49 | €10k | €99k | ▲ 919% |
| Amounts payable within one year42/48 | €10k | €99k | ▲ 919% |
| Trade debts44 | €8k | €84k | ▲ 1,006% |
| Suppliers440/4 | €8k | €84k | ▲ 1,006% |
| Taxes, remuneration and social security45 | €2k | €14k | ▲ 575% |
| Taxes450/3 | €2k | €14k | ▲ 575% |
| Other amounts payable47/48 | - | €768 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €10k | ▲ 30.0% |
| + Depreciation and write-downs630 | - | €158 | - |
| Operating cash flow (approximation) | €8k | €10k | ▲ 32.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 51 days late
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 258 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Merelbeke-Melle · 1 establishment unit since 2023
Ground area
201 m²
Building footprint
151 m²
Volume, LiDAR
754 m³
Parcel 44043A0666/00B034, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MILANN
since 20232.351.889.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0666/00B034 | Flanders | 201 m² | 1 · 151 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 9,534 companies in sector 43222 we hold annual accounts for 5,664. 3,602 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-10-2023
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
82920Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.