MILAY
ActiveSummary
MILAY has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €312,299 and a net result of €52,049. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-3
Solvency96▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.45 in 2023; short-term debt: 23.5% and cash: 16.8% of total assets), and 29% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
5 d early
2022
11 d late
2021
5 d early
2020
17 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 oldest company in Herent, Telecoms and IT sector
Equity
€312,299▲ 1.2%
2023 · €308,492
Total assets
€439,593▼ 10.7%
2023 · €492,220
Net result
€52,049▼ 29.3%
2023 · €73,595
Working capital
€89,468▲ 35.9%
2023 · €65,834
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€57,881▼ 10.6%€82,662▲ 42.8%€85,167▲ 3.0%€97,948▲ 15.0%€68,330▼ 30.2%
Net result€43,441above the sector's middle half▼ 6.1%€61,613above the sector's middle half▲ 41.8%€61,602above the sector's middle half=€73,595above the sector's middle half▲ 19.5%€52,049within the sector's middle half▼ 29.3%
Equity€295,447above the sector's middle half▲ 11.0%€296,952above the sector's middle half▲ 0.5%€340,627above the sector's middle half▲ 14.7%€308,492above the sector's middle half▼ 9.4%€312,299above the sector's middle half▲ 1.2%
Total assets€399,249above the sector's middle half▲ 22.2%€366,885above the sector's middle half▼ 8.1%€414,542above the sector's middle half▲ 13.0%€492,220above the sector's middle half▲ 18.7%€439,593above the sector's middle half▼ 10.7%
Debt€103,802▲ 71.7%€69,932▼ 32.6%€73,915▲ 5.7%€183,728▲ 149%€127,294▼ 30.7%
Working capital€86,466within the sector's middle half▲ 39.9%€82,020within the sector's middle half▼ 5.1%€100,686within the sector's middle half▲ 22.8%€65,834within the sector's middle half▼ 34.6%€89,468within the sector's middle half▲ 35.9%
Solvency74.0%within the sector's middle half▼ 7.5pp80.9%above the sector's middle half▲ 6.9pp82.2%above the sector's middle half▲ 1.2pp62.7%within the sector's middle half▼ 19.5pp71.0%within the sector's middle half▲ 8.4pp
Current ratio2.28within the sector's middle half▲ 0.252.47within the sector's middle half▲ 0.192.55within the sector's middle half▲ 0.071.45within the sector's middle half▼ 1.101.86within the sector's middle half▲ 0.42
Return on assets (ROA)10.9%within the sector's middle half▼ 3.3pp16.8%within the sector's middle half▲ 5.9pp14.9%within the sector's middle half▼ 1.9pp15.0%within the sector's middle half▲ 0.1pp11.8%within the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €439,593
Fixed assets
€246,688 ▼ 11.6%
Current assets
€192,905 ▼ 9.4%
Equity and liabilities €439,593
Equity
€312,299 ▲ 1.2%
Debt
€127,294 ▼ 30.7%
Debt's share of the balance-sheet total falls from 37.3% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€103,353▼
2023 · €123,662
Cash flow
€87,072▼
2023 · €99,310
Debt to equity
0.41▼
2023 · 0.60
ROE
16.7%▼
2023 · 23.9%
Interest coverage
56.08▼
2023 · 112.37
Debt ≤ 1 year
€103,437▼
2023 · €147,174
Debt > 1 year
€23,857▼
2023 · €36,499
Income taxes
€20,388▼
2023 · €28,274
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,264 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,993 | €25,412 | €20,643 | €25,714 | €35,024 | ▲ 36.2% |
| Other operating charges640/8 | - | €3,888 | €3,534 | €3,509 | €3,167 | ▼ 9.8% |
| Gross operating margin9900 | €84,234 | €111,962 | €109,344 | €127,171 | €106,520 | ▼ 16.2% |
| Operating profit (loss)9901 | €57,881 | €82,662 | €85,167 | €97,948 | €68,330 | ▼ 30.2% |
| Financial income75/76B | - | €4,932 | €2,546 | €5,022 | €5,950 | ▲ 18.5% |
| Recurring financial income75 | €4,750 | €4,932 | €2,546 | €5,022 | €5,950 | ▲ 18.5% |
| Financial charges65/66B | - | €1,436 | €1,172 | €1,100 | €1,843 | ▲ 67.5% |
| Recurring financial charges65 | €739 | €1,436 | €1,172 | €1,100 | €1,843 | ▲ 67.5% |
| Profit (loss) for the period before taxes9903 | €61,892 | €86,157 | €86,540 | €101,869 | €72,437 | ▼ 28.9% |
| Income taxes67/77 | €18,451 | €24,545 | €24,938 | €28,274 | €20,388 | ▼ 27.9% |
| Profit (loss) for the period9904 | €43,441 | €61,613 | €61,602 | €73,595 | €52,049 | ▼ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €43,441 | €61,613 | €61,602 | €73,595 | €52,049 | ▼ 29.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,249 | €366,885 | €414,542 | €492,220 | €439,593 | ▼ 10.7% |
| Fixed assets21/28 | €245,078 | €229,147 | €248,721 | €279,212 | €246,688 | ▼ 11.6% |
| Tangible fixed assets22/27 | €245,078 | €229,147 | €248,721 | €279,212 | €246,688 | ▼ 11.6% |
| Land and buildings22 | - | €228,366 | €233,951 | €213,856 | €193,748 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €150 | €0 | - | - | - |
| Furniture and vehicles24 | - | €632 | €14,771 | €65,355 | €52,940 | ▼ 19.0% |
| Current assets29/58 | €154,171 | €137,737 | €165,821 | €213,008 | €192,905 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €114,511 | €83,543 | €113,617 | €145,773 | €117,894 | ▼ 19.1% |
| Trade receivables40 | - | €32,922 | €46,746 | €32,243 | €42,425 | ▲ 31.6% |
| Other amounts receivable41 | - | €50,621 | €66,870 | €113,530 | €75,469 | ▼ 33.5% |
| Cash at bank and in hand54/58 | €38,128 | €53,696 | €52,205 | €66,466 | €73,948 | ▲ 11.3% |
| Deferred charges and accrued income490/1 | - | €499 | €0 | €769 | €1,063 | ▲ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,249 | €366,885 | €414,542 | €492,220 | €439,593 | ▼ 10.7% |
| Equity10/15 | €295,447 | €296,952 | €340,627 | €308,492 | €312,299 | ▲ 1.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €226,452 | €227,958 | €271,632 | €288,492 | €292,299 | ▲ 1.3% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Distributable reserves133 | - | €225,958 | €269,632 | €286,492 | €292,299 | ▲ 2.0% |
| Profit (loss) carried forward14 | €48,995 | €48,995 | €48,995 | €0 | €0 | - |
| Amounts payable17/49 | €103,802 | €69,932 | €73,915 | €183,728 | €127,294 | ▼ 30.7% |
| Amounts payable after more than one year17 | €30,939 | €14,215 | €8,780 | €36,499 | €23,857 | ▼ 34.6% |
| Financial debts170/4 | - | €14,215 | €8,780 | €36,499 | €23,857 | ▼ 34.6% |
| Amounts payable within one year42/48 | €67,705 | €55,717 | €65,135 | €147,174 | €103,437 | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | €16,724 | €16,502 | €12,157 | €12,643 | ▲ 4.0% |
| Trade debts44 | €7,423 | €7,367 | €14,843 | €3,229 | €2,689 | ▼ 16.7% |
| Suppliers440/4 | - | €7,367 | €14,843 | €3,229 | €2,689 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €31,627 | €33,790 | €33,266 | €39,865 | ▲ 19.8% |
| Taxes450/3 | - | €31,627 | €33,790 | €33,266 | €39,865 | ▲ 19.8% |
| Other amounts payable47/48 | - | - | - | €98,523 | €48,241 | ▼ 51.0% |
| Accrued charges and deferred income492/3 | - | - | - | €55 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,441 | €61,613 | €61,602 | €73,595 | €52,049 | ▼ 29.3% |
| + Depreciation and write-downs630 | €22,993 | €25,412 | €20,643 | €25,714 | €35,024 | ▲ 36.2% |
| Operating cash flow (approximation) | €66,434 | €87,025 | €82,245 | €99,310 | €87,072 | ▼ 12.3% |
| Investment in fixed assets (approximation) | - | -€9,482 | -€40,217 | -€56,205 | -€2,500 | ▲ 95.6% |
| Change in cash | - | €15,567 | -€1,491 | €14,262 | €7,481 | ▼ 47.5% |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €73,595 ▲19.5%
Operating result €97,948, net result €73,595, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €43,441 ▼6.1%
Net result drops to €43,441, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Herent · 1 establishment unit since 2003
Ground area
4,952 m²
Building footprint
415 m²
Volume, LiDAR
2,346 m³
2 parcels, Flanders · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vijverbos(WSP) 4, 3150 Haacht
since 20032.115.467.654
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24108B0002/00E000 | Flanders | 3,720 m² | 1 · 211 m² | 7.5 m · 1 fl. |
| 24127D0022/00R003 | Flanders | 1,232 m² | 1 · 203 m² | 16.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 13,633 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479185245
Also
9925:BE0479185245
Registered
07-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.