Milcycle Management
ActiveSummary
Milcycle Management has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €752,029 and a net result of €26,738. Its solvency ranks better than 68% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+10
Solvency98▲+2
Growth52
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.15 against 0.08 in 2024; short-term debt: 21.4% and cash: 1.6% of total assets), and 27.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
72.7%
Return on assets
2.6%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
60 d early
2024
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€752,029▲ 3.7%
2024 · €725,291
Total assets
€1.0m▲ 1.3%
2024 · €1.0m
Net result
€26,738▼ 96.3%
2024 · €720,291
Working capital
-€189,074▲ 6.9%
2024 · -€203,010
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20242025
Operating result€92,292-€42,939▼ 53.5%
Net result€720,291above the sector's middle half-€26,738within the sector's middle half▼ 96.3%
Equity€725,291above the sector's middle half-€752,029above the sector's middle half▲ 3.7%
Total assets€1.0mabove the sector's middle half-€1.0mabove the sector's middle half▲ 1.3%
Debt€296,043-€282,595▼ 4.5%
Working capital-€203,010below the sector's middle half--€189,074below the sector's middle half▲ 6.9%
Solvency71.0%within the sector's middle half-72.7%within the sector's middle half▲ 1.7pp
Current ratio0.08below the sector's middle half-0.15below the sector's middle half▲ 0.06
Return on assets (ROA)70.5%above the sector's middle half-2.6%within the sector's middle half▼ 67.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€1.0m =
Current assets
€32,523 ▲ 76.4%
Equity and liabilities €1.0m
Equity
€752,029 ▲ 3.7%
Debt
€282,595 ▼ 4.5%
Debt's share of the balance-sheet total falls from 29.0% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,733▼
2024 · €92,870
Cash flow
€27,532▼
2024 · €720,868
Debt to equity
0.38▼
2024 · 0.41
ROE
3.6%▼
2024 · 99.3%
Interest coverage
6.27▲
2024 · 1.42
Debt ≤ 1 year
€221,597▲
2024 · €221,450
Debt > 1 year
€60,998▼
2024 · €74,593
Income taxes
€9,231▲
2024 · €6,744
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €578 | €793 | ▲ 37.4% |
| Other operating charges640/8 | - | €112 | - |
| Gross operating margin9900 | €92,870 | €43,845 | ▼ 52.8% |
| Operating profit (loss)9901 | €92,292 | €42,939 | ▼ 53.5% |
| Financial income75/76B | €700,000 | - | - |
| Recurring financial income75 | €700,000 | - | - |
| Non-recurring financial income76B | €700,000 | - | - |
| Financial charges65/66B | €65,258 | €6,970 | ▼ 89.3% |
| Recurring financial charges65 | €65,258 | €6,970 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | €727,035 | €35,969 | ▼ 95.1% |
| Income taxes67/77 | €6,744 | €9,231 | ▲ 36.9% |
| Profit (loss) for the period9904 | €720,291 | €26,738 | ▼ 96.3% |
| Profit (loss) for the period to be appropriated9905 | €720,291 | €26,738 | ▼ 96.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €1.0m | ▲ 1.3% |
| Formation expenses20 | €2,168 | €1,623 | ▼ 25.2% |
| Fixed assets21/28 | €1.0m | €1.0m | = |
| Tangible fixed assets22/27 | €726 | €478 | ▼ 34.1% |
| Furniture and vehicles24 | €726 | €478 | ▼ 34.1% |
| Financial fixed assets28 | €1.0m | €1.0m | = |
| Current assets29/58 | €18,440 | €32,523 | ▲ 76.4% |
| Amounts receivable within one year40/41 | - | €13,159 | - |
| Trade receivables40 | - | €13,159 | - |
| Cash at bank and in hand54/58 | €16,591 | €16,906 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | €1,848 | €2,457 | ▲ 32.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €1.0m | ▲ 1.3% |
| Equity10/15 | €725,291 | €752,029 | ▲ 3.7% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €720,291 | €747,029 | ▲ 3.7% |
| Amounts payable17/49 | €296,043 | €282,595 | ▼ 4.5% |
| Amounts payable after more than one year17 | €74,593 | €60,998 | ▼ 18.2% |
| Financial debts170/4 | €74,593 | €60,998 | ▼ 18.2% |
| Amounts payable within one year42/48 | €221,450 | €221,597 | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | €12,992 | €13,595 | ▲ 4.6% |
| Trade debts44 | €5,448 | €4,947 | ▼ 9.2% |
| Suppliers440/4 | €5,448 | €4,947 | ▼ 9.2% |
| Taxes, remuneration and social security45 | €3,010 | €3,054 | ▲ 1.5% |
| Taxes450/3 | €3,010 | €3,054 | ▲ 1.5% |
| Other amounts payable47/48 | €200,000 | €200,000 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €720,291 | €26,738 | ▼ 96.3% |
| + Depreciation and write-downs630 | €578 | €793 | ▲ 37.4% |
| Operating cash flow (approximation) | €720,868 | €27,532 | ▼ 96.2% |
| Investment in fixed assets (approximation) | - | -€546 | - |
| Change in cash | - | €315 | - |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
NBB filing
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, Waterloo · 1 establishment unit since 2023
Ground area
588 m²
Parcel 25762H0338/00A000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Milcycle Management
since 20232.355.298.768
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0338/00A000 | Wallonia | 588 m² | - | - |
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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 30,889 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
Founded14-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:1003371265
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.