Equity
€1.2m from €2.6m in 2016
Equity fell by 54% in 9 years.
MILAR-C
Lifetime
16 annual accounts with figures on one time axispeak €1.1m (2016)
€133,334▼ 33.5%
lowest -€4,230 (2009)
€90,833▲ 138%
peak €2.6m (2016)
€1.2m▲ 5.8%
€41,378▼ 12.4%
Board3 names since 2021
1 directorClaes,Frederik Willem Maria Alfons
Documentsfilings and deeds
27-01-20264 days before the deadline
2025micro format
Gross margin from €200,368 to €133,334Result from €38,158 to €90,833Dividend €25,774Cash from €116,241 to €167,605
Key points
from the 2025 annual accountsResult
€90,833 ▲ 138%
The result rose in 2025 from €38,158 to €90,833.
Position in the sector
96.6%
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.
Checked score
95
Excellent
Financially stronger than 60% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024highest value
02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Equity €1.2m (96.6% of total assets)
Size: total assets €1.2m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 26.56, cash €167,605
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 70, micro). It does better than 86% of them on solvency, 59% on liquidity, 44% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as MILAR-C has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of MILAR-C itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for MILAR-C. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 26.56 (21.63 in 2024), above the usual 1.5. Short-term debt is 3.2% and cash 13.8% of total assets. 3.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
1 day early
2023
1 day early
2021
30 days late
2020
4 days early
2019
1 day early
2018
16 days early
← 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 on the deadline day. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 30 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0808791641
2 directors appointed
Change of role: Claes, Frederik Willem Maria Alfons, from director, formerly manager to statutory director · Appointments: Claes, Laurence Marie-Philippe Frédérique (successor statutory director) and Claes, Michel Xavier Guillaume Marie (successor statutory director) · General meeting of 27-12-2022 · Gazette deed
First establishment
Hemelrijkstraat 6, Ghent
Incorporation
published on 05-01-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MILAR-C Zulte | €1.2m | €133,334 | 96.6% | - |
| LEFE - INVEST Zulte | €1.4m | €159,319 | 51.0% | 0 |
| IMC Temse | €1.2m | €133,972 | 88.3% | - |
| SUPPLY CHAIN@WORK Dendermonde | €1.3m | €126,720 | 92.0% | - |
| Peejays Ghent | €1.3m | €125,873 | 10.7% | - |
| RACE Aalter | €1.1m | €127,347 | 77.5% | - |
| ETERNITAS Wortegem-Petegem | €1.2m | €122,541 | 18.2% | - |
These companies have the same main activity as MILAR-C: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 2007 and 2009.
Official details
Source: KBO- Status
- Active since 31-12-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.176.466.2049051 Ghent, since 01-01-2009
- Financial year end
- 30 June
- Peppol
- Reachable since 02-09-2023
Annual accounts to 30-06-2025
- ≈ €230,000estimated
- €1.2m▲ 5.1%
- Filing
- Filed on 27-01-2026, 4 days before the end of the filing period
Insights on MILAR-C
MILAR-C files the micro format. That format states no turnover. The gross margin rose from -€3,029 in 2009 to €133,334 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MILAR-C
- What is the company number of MILAR-C?
- The company number of MILAR-C is 0808.791.641. The VAT number is the same number with BE in front: BE 0808.791.641.
- Where is MILAR-C based?
- The registered office is at Molenmeersstraat 4, 9870 Zulte.Company details
- What does MILAR-C do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MILAR-C?
- MILAR-C is a private limited company (BV).
- When was MILAR-C founded?
- MILAR-C was founded on 31-12-2008.
- Is MILAR-C still active?
- Yes, MILAR-C is an active enterprise in the KBO register.
- What is the turnover of MILAR-C?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €133,334 and 109 comparable companies (NACE 70200). It probably lies between €190,000 and €270,000.Financials
- Is MILAR-C profitable?
- In financial year 2025, MILAR-C made a profit of €90,833.
- Where can I find the annual accounts of MILAR-C?
- MILAR-C filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MILAR-C due?
- MILAR-C must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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