MILBRAN
ActiveSummary
MILBRAN has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420k and a net result of €87k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.75 against 4.76 in 2024; short-term debt: 19.3% and cash: 43.9% of total assets), and 19.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
80.7%
Return on assets
16.7%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 17-05-2026, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
72 d early
2023
88 d early
2022
85 d early
2021
55 d early
2020
94 d early
2019
82 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€420k▲ 4.3%
2024 · €403k
2018: €132k
2019: €196k
2020: €248k
2021: €277k
2022: €317k
2023: €395k
2024: €403k
2018 → 2025
Total assets
€520k▲ 5.0%
2024 · €495k
2018: €139k
2019: €216k
2020: €294k
2021: €347k
2022: €388k
2023: €479k
2024: €495k
2018 → 2025
Net result
€87k▲ 21.0%
2024 · €72k
2018: €43k
2019: €64k
2020: €69k
2021: €61k
2022: €73k
2023: €122k
2024: €72k
2018 → 2025
Working capital
€377k▲ 8.2%
2024 · €349k
2018: €87k
2019: €159k
2020: €227k
2021: €266k
2022: €313k
2023: €392k
2024: €349k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€277k-€317k▲ 14.3%€395k▲ 24.9%€403k▲ 1.8%€420k▲ 4.3%
Operating result€101k-€113k▲ 12.6%€182k▲ 60.9%€86k▼ 52.7%€122k▲ 41.3%
Net result€61k-€73k▲ 19.4%€122k▲ 67.1%€72k▼ 41.0%€87k▲ 21.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520k
Fixed assets
€43k ▼ 20.8%
Current assets
€478k ▲ 8.2%
Equity and liabilities €520k
Equity
€420k ▲ 4.3%
Debt
€101k ▲ 8.2%
Debt's share of the balance-sheet total rises from 18.8% to 19.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€134k▲
2024 · €93k
Cash flow
€99k▲
2024 · €78k
Current ratio
4.75=
2024 · 4.76
Debt to equity
0.24▲
2024 · 0.23
ROE
20.7%▲
2024 · 17.8%
ROA
16.7%▲
2024 · 14.5%
Interest coverage
41.24▲
2024 · 35.13
Debt ≤ 1 year
€101k▲
2024 · €93k
Income taxes
€35k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€495k€520k▲
Fixed assets21/28€54k€43k▼
Tangible fixed assets22/27€54k€43k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€49k€38k▼
Current assets29/58€442k€478k▲
Amounts receivable within one year40/41€23k€24k▲
Trade receivables40€23k€24k▲
Other amounts receivable41€2€36▲
Current investments50/53€222k€226k▲
Cash at bank and in hand54/58€197k€228k▲
Equity and liabilities
Total equity and liabilities10/49€495k€520k▲
Equity10/15€403k€420k▲
Contributions10/11€6k€6k=
Reserves13€396k€414k▲
Non-distributable reserves130/1€620€414k▲
Reserves not available under the articles1311€620-
Other1319-€414k
Distributable reserves133€396k-
Amounts payable17/49€93k€101k▲
Amounts payable within one year42/48€93k€101k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€23k€23k▲
Taxes450/3€23k€23k▲
Other amounts payable47/48€64k€69k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€1k€476▼
Gross operating margin9900€94k€135k▲
Operating profit (loss)9901€86k€122k▲
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€93k€122k▲
Income taxes67/77€21k€35k▲
Profit (loss) for the period9904€72k€87k▲
Profit (loss) for the period to be appropriated9905€72k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€87k▲
Transfer from equity791/2€64k€69k▲
Transfer to equity691/2€72k€87k▲
To other reserves6921€72k€87k▲
Profit to be distributed694/7€64k€69k▲
Return on contributions (dividend)694€64k€69k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €122k ▲67.1%
Operating result €182k, net result €122k, both a record.
04-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
07-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €248k ▲26.4%
3 profitable years in a row build equity to €248k.
10-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €196k ▲48.9%
2 profitable years in a row build equity to €196k.
Show earlier events
12-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
13-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
14-03
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Herselt · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Begijnendijksesteenweg(RAM) 1022230 HerseltGround area
2,017 m²
Building footprint
146 m²
Volume, LiDAR
844 m³
Parcel 13034H0009/00K000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Begijnendijksesteenweg(RAM) 102, 2230 Herselt
since 20152.241.398.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034H0009/00K000 | Flanders | 2,017 m² | 1 · 146 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.