MILARON
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€111,343
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-02-2026, 161 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
161 d early
2024
28 d late
2023
29 d late
2022
65 d late
2021
86 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 37 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€364,098▼ 23.4%
2024 · €475,440
Total assets
€395,538▼ 23.4%
2024 · €516,493
Net result
-€111,343▼ 824%
2024 · -€12,056
Working capital
€371,551▼ 21.6%
2024 · €474,106
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
Line20212022202320242025
Operating result€22,674▼ 91.8%-€18,313-€13,966▲ 23.7%-€11,989▲ 14.2%-€14,061▼ 17.3%
Net result€15,139▼ 92.0%-€18,369-€14,024▲ 23.7%-€12,056▲ 14.0%-€111,343▼ 824%
Equity€519,890▲ 3.0%€501,521▼ 3.5%€487,496▼ 2.8%€475,440▼ 2.5%€364,098▼ 23.4%
Total assets€644,877▼ 0.7%€542,563▼ 15.9%€523,985▼ 3.4%€516,493▼ 1.4%€395,538▼ 23.4%
Debt€124,986▼ 13.6%€41,043▼ 67.2%€36,488▼ 11.1%€41,053▲ 12.5%€23,687▼ 42.3%
Working capital€445,896▲ 12.9%€497,844▲ 11.7%€484,991▼ 2.6%€474,106▼ 2.2%€371,551▼ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,061 in 2025 against €11,989 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €395,538
Fixed assets
€300 ▼ 77.5%
Current assets
€395,238 ▼ 23.3%
Equity and liabilities €395,538
Equity
€364,098 ▼ 23.4%
Provisions
€7,754
Debt
€23,687 ▼ 42.3%
Debt's share of the balance-sheet total falls from 7.9% to 6.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
16.69▲
2024 · 12.55
Debt to equity
0.07▼
2024 · 0.09
ROE
-30.6%▼
2024 · -2.5%
ROA
-28.1%▼
2024 · -2.3%
Debt ≤ 1 year
€23,687▼
2024 · €41,053
Income taxes
€270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,662 | €2,261 | €1,171 | €1,171 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,420 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €7,754 | - |
| Other operating charges640/8 | €3,231 | €1,560 | €1,210 | €914 | €839 | ▼ 8.2% |
| Non-recurring operating charges66A | - | €5,983 | - | - | - | - |
| Gross operating margin9900 | €61,567 | -€8,508 | -€11,585 | -€9,903 | -€3,049 | ▲ 69.2% |
| Operating profit (loss)9901 | €22,674 | -€18,313 | -€13,966 | -€11,989 | -€14,061 | ▼ 17.3% |
| Financial income75/76B | - | - | - | - | €900 | - |
| Recurring financial income75 | - | - | - | - | €900 | - |
| Financial charges65/66B | €109 | €57 | €58 | €68 | €97,912 | ▲ 144,954% |
| Recurring financial charges65 | €109 | €57 | €58 | €68 | €77 | ▲ 14.8% |
| Non-recurring financial charges66B | - | - | - | - | €97,834 | - |
| Profit (loss) for the period before taxes9903 | €22,565 | -€18,369 | -€14,024 | -€12,056 | -€111,073 | ▼ 821% |
| Income taxes67/77 | €7,426 | - | - | - | €270 | - |
| Profit (loss) for the period9904 | €15,139 | -€18,369 | -€14,024 | -€12,056 | -€111,343 | ▼ 824% |
| Profit (loss) for the period to be appropriated9905 | €15,139 | -€18,369 | -€14,024 | -€12,056 | -€111,343 | ▼ 824% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €644,877 | €542,563 | €523,985 | €516,493 | €395,538 | ▼ 23.4% |
| Fixed assets21/28 | €73,994 | €3,677 | €2,506 | €1,334 | €300 | ▼ 77.5% |
| Tangible fixed assets22/27 | €73,694 | €3,377 | €2,206 | €1,034 | - | - |
| Land and buildings22 | €68,056 | - | - | - | - | - |
| Furniture and vehicles24 | €5,638 | €3,377 | €2,206 | €1,034 | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €570,883 | €538,887 | €521,479 | €515,159 | €395,238 | ▼ 23.3% |
| Amounts receivable after more than one year29 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other amounts receivable291 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts receivable within one year40/41 | €217,451 | €218,291 | €219,489 | €219,606 | €102,236 | ▼ 53.4% |
| Trade receivables40 | €117,370 | €117,370 | €117,370 | €117,370 | - | - |
| Other amounts receivable41 | €100,081 | €100,921 | €102,119 | €102,236 | €102,236 | = |
| Cash at bank and in hand54/58 | €326,663 | €295,595 | €276,990 | €270,553 | €268,002 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | €1,769 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €644,877 | €542,563 | €523,985 | €516,493 | €395,538 | ▼ 23.4% |
| Equity10/15 | €519,890 | €501,521 | €487,496 | €475,440 | €364,098 | ▼ 23.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €507,490 | €489,121 | €475,097 | €463,041 | €456,636 | ▼ 1.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €505,630 | €487,261 | €475,097 | €463,041 | €456,636 | ▼ 1.4% |
| Profit (loss) carried forward14 | - | - | - | - | -€104,938 | - |
| Provisions and deferred taxes16 | - | - | - | - | €7,754 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €7,754 | - |
| Pensions and similar obligations160 | - | - | - | - | €7,754 | - |
| Amounts payable17/49 | €124,986 | €41,043 | €36,488 | €41,053 | €23,687 | ▼ 42.3% |
| Amounts payable within one year42/48 | €124,986 | €41,043 | €36,488 | €41,053 | €23,687 | ▼ 42.3% |
| Trade debts44 | €18,702 | €20,480 | €18,468 | €18,150 | - | - |
| Suppliers440/4 | €18,702 | €20,480 | €18,468 | €18,150 | - | - |
| Taxes, remuneration and social security45 | €93,239 | €7,426 | - | - | - | - |
| Taxes450/3 | €93,239 | €7,426 | - | - | - | - |
| Other amounts payable47/48 | €13,046 | €13,137 | €18,021 | €22,903 | €23,687 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,139 | -€18,369 | -€14,024 | -€12,056 | -€111,343 | ▼ 824% |
| + Depreciation and write-downs630 | €35,662 | €2,261 | €1,171 | €1,171 | - | - |
| Operating cash flow (approximation) | €50,801 | -€16,108 | -€12,853 | -€10,885 | -€111,343 | ▼ 923% |
| Investment in fixed assets (approximation) | - | €68,056 | €0 | €0 | €1,034 | - |
| Change in cash | - | -€31,068 | -€18,605 | -€6,437 | -€2,551 | ▲ 60.4% |
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
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€111,343
Net result drops to -€111,343, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 13.13
Current ratio from 4.57 to 13.13; short-term debt falls from €124,986 to €41,043.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
04-05
State Gazette act
General meeting · Director resignation
2020
31-12
Financial
Highest result since 2018net €188,990 ▲504%
Operating result €277,834, net result €188,990, both a record.
31-12
Financial
Equity above €500,000Eq €504,751 ▲59.9%
3 profitable years in a row build equity to €504,751.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
10-01
State Gazette act
General meeting · Capital increase
Capital · Net-asset statement
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Recognitions · licences · registrations
Legal Entity Identifier
967600HY4QAGSK4V9710