MILAU
ActiveSummary
MILAU has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €11k. Equity is growing by ~7.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency75▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.5 in 2024; short-term debt: 49.6% and cash: 38.3% of total assets), and 49.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
4%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
56 d early
2023
27 d early
2022
25 d early
2021
32 d early
2020
8 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€134k▲ 8.7%
2024 · €123k
Total assets
€265k▲ 5.5%
2024 · €251k
Net result
€11k▲ 135%
2024 · €5k
Working capital
€-29k▲ 54.8%
2024 · €-64k
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€14k▲ 48.1%€21k▲ 48.8%€15k▼ 26.4%€13k▼ 16.5%€21k▲ 61.8%
Net result€7k▲ 62.6%€13k▲ 77.6%€7k▼ 43.6%€5k▼ 38.5%€11k▲ 135%
Equity€98k▲ 8.2%€111k▲ 13.4%€118k▲ 6.7%€123k▲ 3.9%€134k▲ 8.7%
Total assets€272k▲ 15.4%€280k▲ 3.1%€278k▼ 0.8%€251k▼ 9.6%€265k▲ 5.5%
Debt€174k▲ 19.9%€169k▼ 2.7%€160k▼ 5.6%€128k▼ 19.6%€131k▲ 2.5%
Working capital€-91k▲ 31.5%€-70k▲ 22.7%€-67k▲ 4.1%€-64k▲ 4.7%€-29k▲ 54.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265k
Fixed assets
€163k ▼ 13.1%
Current assets
€102k ▲ 60.0%
Equity and liabilities €265k
Equity
€134k ▲ 8.7%
Debt
€131k ▲ 2.5%
Debt's share of the balance-sheet total falls from 51.1% to 49.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €39k
Cash flow
€35k▲
2024 · €30k
Current ratio
0.78▲
2024 · 0.50
Debt to equity
0.98▼
2024 · 1.04
ROE
8.0%▲
2024 · 3.7%
ROA
4.0%▲
2024 · 1.8%
Interest coverage
8.35▲
2024 · 6.60
Debt ≤ 1 year
€131k▲
2024 · €128k
Income taxes
€4k▲
2024 · €2k
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 | €21k | €21k | €21k | €26k | €25k | ▼ 5.3% |
| Other operating charges640/8 | €5k | €5k | €6k | €6k | €6k | ▲ 3.1% |
| Gross operating margin9900 | €40k | €47k | €42k | €44k | €51k | ▲ 15.0% |
| Operating profit (loss)9901 | €14k | €21k | €15k | €13k | €21k | ▲ 61.8% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €4k | €3k | €4k | €6k | €5k | ▼ 7.7% |
| Recurring financial charges65 | €4k | €3k | €4k | €6k | €5k | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €10k | €18k | €11k | €7k | €15k | ▲ 121% |
| Income taxes67/77 | €3k | €5k | €4k | €2k | €4k | ▲ 93.5% |
| Profit (loss) for the period9904 | €7k | €13k | €7k | €5k | €11k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €7k | €13k | €7k | €5k | €11k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €272k | €280k | €278k | €251k | €265k | ▲ 5.5% |
| Fixed assets21/28 | €202k | €181k | €186k | €187k | €163k | ▼ 13.1% |
| Tangible fixed assets22/27 | €202k | €181k | €186k | €187k | €163k | ▼ 13.1% |
| Land and buildings22 | €202k | €181k | €186k | €187k | €163k | ▼ 13.1% |
| Current assets29/58 | €69k | €99k | €92k | €64k | €102k | ▲ 60.0% |
| Cash at bank and in hand54/58 | €69k | €99k | €92k | €64k | €102k | ▲ 58.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €863 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €272k | €280k | €278k | €251k | €265k | ▲ 5.5% |
| Equity10/15 | €98k | €111k | €118k | €123k | €134k | ▲ 8.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €9k | €9k | €17k | €21k | €32k | ▲ 49.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €7k | €8k | €17k | €21k | €32k | ▲ 49.9% |
| Profit (loss) carried forward14 | €77k | €89k | €89k | €89k | €89k | = |
| Amounts payable17/49 | €174k | €169k | €160k | €128k | €131k | ▲ 2.5% |
| Amounts payable within one year42/48 | €160k | €169k | €160k | €128k | €131k | ▲ 2.5% |
| Trade debts44 | €12k | €3k | €5k | €0 | - | - |
| Suppliers440/4 | €12k | €3k | €5k | €0 | - | - |
| Taxes, remuneration and social security45 | €3k | €7k | €4k | €2k | €2k | ▼ 19.7% |
| Taxes450/3 | €3k | €7k | €4k | €2k | €2k | ▼ 19.7% |
| Other amounts payable47/48 | €146k | €159k | €151k | €126k | €130k | ▲ 2.9% |
| Accrued charges and deferred income492/3 | €14k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €13k | €7k | €5k | €11k | ▲ 135% |
| + Depreciation and write-downs630 | €21k | €21k | €21k | €26k | €25k | ▼ 5.3% |
| Operating cash flow (approximation) | €28k | €34k | €28k | €30k | €35k | ▲ 15.7% |
| Investment in fixed assets (approximation) | - | €0 | €-26k | €-27k | €0 | ▲ 100% |
| Change in cash | - | €30k | €-7k | €-28k | €38k | ▲ 233% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €13k ▲77.6%
Operating result €21k, net result €13k, both a record.
31-12
Financial
Equity above €100kEq €111k ▲13.4%
5 profitable years in a row build equity to €111k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 1 establishment unit since 2005
Ground area
4,107 m²
Building footprint
241 m²
Volume, LiDAR
1,232 m³
Parcel 37019F0782/00L000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MILAU
since 20052.150.105.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019F0782/00L000 | Flanders | 4,107 m² | 1 · 241 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-2005
Fiscal year end31-12
Contact
Phone
051/664700Wingene
Scores and ratios are computed by Checked and are not a credit decision.