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MILANO

Active
Private limited company (pre-2019)founded 20178 yrs activeEugène Flageyplein 1, 1050 Elsene, BelgiumKBO/BCE: BE 0683.666.589
Summary

The computed 12-month bankruptcy probability of MILANO is 6.7% (elevated). The 2024 annual accounts show equity of €35,304 and a net result of €15,337. Equity is growing by ~89.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 18968 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MILANOActiveChecked score 39/100
Risk analysis ReportCompare

Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
2 sites
Size
€135,467turnover 2024
Equity
€35,304
Profit
€15,337
Financial health
39 Weak Checked score 2024
Bankruptcy chance 12 m
6.7%
Structure
Accounts 67 d overdue0 of 4 deeds read
Why 39- 1 financial year not filed after the legal deadline; latest accounts 226 days late; 2 of the last 3 late- Figures for FY 2024 (filed 16-03-2026)- Size: turnover €135,467, total assets €54,059+ Liquidity: current ratio 3.47, cash €18,940Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 78% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 90+15
equity 65.3% of total assets
Liquidity 83+6
short-term debt 27.5% · cash 35.0%
Profitability 90+5
return on assets 28.4%
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,692 companies)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● 0.0% vs 11-2024 01-2025: 2.6%▲ +2.0% vs 12-2024 02-2025: 2.6%▼ -0.4% vs 01-2025 03-2025: 2.6%▲ +1.7% vs 02-2025 04-2025: 2.6%▲ +1.7% vs 03-2025 05-2025: 2.6%▼ -1.1% vs 04-2025 06-2025: 2.3%▼ -13.7% vs 05-2025lowest value 07-2025: 2.3%▲ +3.0% vs 06-2025 08-2025: 2.9%▲ +22.6% vs 07-2025 09-2025: 3.2%▲ +12.2% vs 08-2025 10-2025: 4.9%▲ +52.3% vs 09-2025 11-2025: 5.0%▲ +2.9% vs 10-2025 12-2025: 6.2%▲ +23.3% vs 11-2025 01-2026: 7.8%▲ +26.7% vs 12-2025 02-2026: 7.8%● 0.0% vs 01-2026 03-2026: 7.9%▲ +0.3% vs 02-2026highest value 04-2026: 3.3%▼ -58.0% vs 03-2026 05-2026: 3.3%● 0.0% vs 04-2026 06-2026: 2.9%▼ -10.7% vs 05-2026 07-2026: 2.9%▲ +0.1% vs 06-2026 08-2026: 3.6%▲ +21.8% vs 07-2026 09-2026: 4.3%▲ +19.2% vs 08-2026 10-2026: 6.7%▲ +55.5% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 226 days late; 2 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 16-03-2026) raises the probability
  • Size: turnover €135,467, total assets €54,059 raises the probability for this profile
  • Liquidity: current ratio 3.47, cash €18,940 lowers the probability
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.47 against 3.11 in 2023; short-term debt: 27.5% and cash: 35% of total assets), and 34.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 80%, liquidity 85%, profitability 79%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 226 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 16-03-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: turnover €135,467, total assets €54,059
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.47, cash €18,940
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-03-2026, 226 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
226 d late
2023
66 d late
2022
22 d late
2021
49 d late
2020
22 d late
2019
5 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2018net €15,337 ▲48%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: Among the best 20% on solvencysector median 29.1% · 18,968 companies 65.3% View
  • Turnover 20246 fiscal years filed €135,467 View

By topic

Financials

Fiscal year
2024
Turnover
€135,467
Profit
€15,337
Solvency
65.3%
Turnover▲ 2.4%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2019
  1. 14-03-2026Annual accounts filed
  2. 31-12-2024Highest result since 2018
  3. 05-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company (pre-2019)
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded
24-10-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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