Equity
-€3,376
Debts exceed assets in financial year 2026.
MILARID
Lifetime
17 annual accounts with figures on one time axispeak €49,494 (2019)
€0▼ 100%
lowest -€55,586 (2022)
-€776▼ €19,909
peak €38,137 (2021)
-€3,376▼ €776
€23,784▲ 1.4%
Owners
Documentsfilings and deeds
30-10-20261 day before the deadline
2026micro format
Gross margin from €19,581 to €0Loss of €776Equity from -€2,600 to -€3,376
Key points
from the 2026 annual accountsDebts
€23,784 117% of the balance sheet
Position in the sector
-16.5%
Lower solvency than 90% of companies in real estate. Sector median 37.8% · 481 companies.
Turnover not published (abbreviated or micro format)
Checked score
54
Fair
Financially stronger than 25% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.5%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.3 percentage points vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€3,376
lowers risk
Size: total assets €20,407
Liquidity: current ratio 0.86, cash €20,407
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 11% of them on solvency, 49% on liquidity, 25% on profitability and 17% 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 31-03-2026.
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, 2,333 companies had the same profile as MILARID has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MILARID itself is lower: 0.2% within 12 months. It rests on far more data about MILARID than the profile alone.
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 2,333 companies, not a prediction for MILARID. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.86 (0.89 in 2025), below 1. Short-term debt is 116.5% and cash 100% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€3,376
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
1 day early
2025
on the day
2024
on the day
2023
on the day
2022
30 days late
2021
29 days late
2020
30 days late
← 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 13 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 31 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807405135
Permanent representative: Christiane Vemaillen
Gazette deed
Incorporation
published on 05-11-2008 · Gazette deed
First establishment
Brakelsesteenweg 95, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MILARID Ninove | €20,407 | €0 | -16.5% | - |
| KDP Futuro Herzele | €19,809 | €396 | -2540.9% | - |
| BCL Projects Antwerp | €22,239 | -€11,960 | 82.0% | - |
| VABRISTONE Pelt | €22,650 | -€1,996 | 65.7% | - |
| REDCAPITAL Ixelles | €22,113 | -€4,728 | 59.0% | - |
| IMMO HOEGAARDEN Beringen | €22,153 | -€3,630 | -59.0% | - |
| RM CONSTRUCT Bilzen-Hoeselt | €20,304 | -€3,606 | -502.9% | - |
These companies have the same main activity as MILARID: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €19,800 and €22,700, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 28-10-2008Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.174.094.5539400 Ninove, since 27-10-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 05-01-2026
Annual accounts to 31-03-2026
- €20,407▼ 2.1%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on MILARID
MILARID files the micro format. That format states no turnover. The gross margin rose from -€16,006 in 2010 to €0 in 2026.
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 MILARID
- What is the company number of MILARID?
- The company number of MILARID is 0807.405.135. The VAT number is the same number with BE in front: BE 0807.405.135.
- Where is MILARID based?
- The registered office is at Brakelsesteenweg 95, 9400 Ninove.Company details
- What does MILARID do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MILARID?
- MILARID is a private limited company (pre-2019) (BVBA).
- When was MILARID founded?
- MILARID was founded on 28-10-2008.
- Is MILARID still active?
- Yes, MILARID is an active enterprise in the KBO register.
- What is the turnover of MILARID?
- The annual accounts for financial year 2026 state no turnover. The abbreviated or micro format does not require it.Financials
- Is MILARID profitable?
- In financial year 2026, MILARID made a loss of €776.
- Where can I find the annual accounts of MILARID?
- MILARID filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MILARID due?
- MILARID must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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