Milano Designs
ActiveMilano Designs has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €351k and a net result of €106k. Equity is growing by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+1
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity ample (current ratio 4.5 against 3.07 in 2023; short-term debt: 20.9% and cash: 81.5% of total assets), and 20.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
79.1%
Return on assets
23.8%
Age of the figures
21 mo
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 10-11-2025, 102 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
102 d late
2023
97 d late
2022
31 d late
2021
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€351k▲ 43.1%
2023 · €246k
2021: €106k
2022: €165k
2023: €246k
2021 → 2024
Total assets
€444k▲ 27.8%
2023 · €348k
2021: €137k
2022: €218k
2023: €348k
2021 → 2024
Net result
€106k▲ 31.8%
2023 · €80k
2021: €28k
2022: €60k
2023: €80k
2021 → 2024
Working capital
€325k▲ 53.7%
2023 · €211k
2021: €82k
2022: €121k
2023: €211k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€106k-€165k▲ 56.2%€246k▲ 48.5%€351k▲ 43.1%
Operating result€40k-€90k▲ 128%€114k▲ 26.0%€149k▲ 31.2%
Net result€28k-€60k▲ 112%€80k▲ 34.8%€106k▲ 31.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €444k
Fixed assets
€27k▼ 22.4%
Current assets
€418k▲ 33.3%
Equity and liabilities €444k
Equity
€351k▲ 43.1%
Debt
€93k▼ 9.0%
The debt ratio falls from 29.3% to 20.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160k▲
2023 · €125k
Cash flow
€117k▲
2023 · €91k
Solvency
79.1%▲
2023 · 70.7%
Current ratio
4.50▲
2023 · 3.07
Quick ratio
4.49▲
2023 · 3.07
Debt / equity
0.26▼
2023 · 0.41
ROE
30.1%▼
2023 · 32.7%
ROA
23.8%▲
2023 · 23.1%
Interest coverage
2033.33▲
2023 · 825.95
Debt
€93k▼
2023 · €102k
Debt ≤ 1 year
€93k▼
2023 · €102k
Income taxes
€44k▲
2023 · €34k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€348k€444k▲
Fixed assets21/28€34k€27k▼
Tangible fixed assets22/27€34k€27k▼
Plant, machinery and equipment23€412€36▼
Furniture and vehicles24€33k€26k▼
Other tangible fixed assets26€782€542▼
Current assets29/58€313k€418k▲
Stocks and contracts in progress3€603€603=
Stocks30/36€603€603=
Amounts receivable within one year40/41€52k€52k▲
Trade receivables40€51k€47k▼
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€259k€362k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€348k€444k▲
Equity10/15€246k€351k▲
Contributions10/11€100€100=
Reserves13€213k€293k▲
Distributable reserves133€213k€293k▲
Profit (loss) carried forward14€33k€58k▲
Amounts payable17/49€102k€93k▼
Amounts payable within one year42/48€102k€93k▼
Trade debts44€21k€3k▼
Suppliers440/4€21k€3k▼
Taxes, remuneration and social security45€37k€90k▲
Taxes450/3€37k€90k▲
Other amounts payable47/48€44k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€126k€162k▲
Operating profit (loss)9901€114k€149k▲
Financial income75/76B€649€561▼
Recurring financial income75€649€561▼
Financial charges65/66B€151€79▼
Recurring financial charges65€151€79▼
Profit (loss) for the period before taxes9903€114k€150k▲
Income taxes67/77€34k€44k▲
Profit (loss) for the period9904€80k€106k▲
Profit (loss) for the period to be appropriated9905€80k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€138k▲
Profit (loss) brought forward from the previous period14P€32k€33k▲
Transfer to equity691/2€80k€80k=
To other reserves6921€80k€80k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
31-12
Financial
Highest result since 2021net €106k ▲31.8%
Operating result €149k, net result €106k, both a record.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-12
Financial
Equity above €200kEq €246k ▲48.5%
3 profitable years in a row build equity to €246k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €165k ▲56.2%
2 profitable years in a row build equity to €165k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
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, Herselt · 1 establishment unit since 2016
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.
Diestsebaan 412230 HerseltGround area
622 m²
Building footprint
232 m²
Volume, LiDAR
1,135 m³
Parcel 13013C0009/00E000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Milano Designs
since 20162.255.069.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013C0009/00E000 | Flanders | 622 m² | 1 · 232 m² | 8.5 m · 1 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.
Similar companies · same sector, comparable size
MAATSTAFF
BE 0807.486.693
Merelbeke-Melle · Eq €352k
Menuiserie GOEBELS et Fils
BE 0452.612.094
Thimister-Clermont · Eq €351k
GUY VERHEYEN
BE 0864.018.590
Brecht · Eq €351k
REINERTZ
BE 0477.771.124
Bütgenbach · Eq €352k
MENUISERIE DAMS
BE 0507.694.238
Thimister-Clermont · Eq €351k
Of 20,025 companies in sector 43320 we hold annual accounts for 9,135. 6,625 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2016
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43211General electrical installation work
47551Retail sale of household furniture
47559Retail sale of other household articles
47591Retail trade
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.