MILDECO
ActiveSummary
The computed 12-month bankruptcy probability of MILDECO is 1.6% (moderate). The 2025 annual accounts show negative equity (-€100,086) and a net result of -€6,876. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 18973 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+19
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.72 in 2024; short-term debt: 135.8% and cash: 20% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-35.8%
Return on assets
-2.5%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€100,086
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-08-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
25 d late
2023
29 d late
2022
32 d late
2021
28 d late
2020
30 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€131,522
EBIT margin
-4.8%
Net result
-€6,876▲ 26.3%
2024 · -€9,332
Working capital
-€166,532▼ 74.9%
2024 · -€95,213
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€131,522
Operating result€33,273▼ 10.9%€35,724▲ 7.4%€16,829▼ 52.9%-€9,332-€6,316▲ 32.3%
Net result€33,273above the sector's middle half▼ 10.9%€35,724above the sector's middle half▲ 7.4%€16,829within the sector's middle half▼ 52.9%-€9,332below the sector's middle half-€6,876below the sector's middle half▲ 26.3%
EBIT margin-4.8%
Equity-€136,431below the sector's middle half▲ 19.6%-€100,707below the sector's middle half▲ 26.2%-€83,877below the sector's middle half▲ 16.7%-€93,210below the sector's middle half▼ 11.1%-€100,086below the sector's middle half▼ 7.4%
Total assets€195,461within the sector's middle half▲ 0.9%€233,239within the sector's middle half▲ 19.3%€232,797within the sector's middle half▼ 0.2%€247,726within the sector's middle half▲ 6.4%€279,274within the sector's middle half▲ 12.7%
Debt€331,892▼ 8.7%€333,946▲ 0.6%€316,674▼ 5.2%€340,935▲ 7.7%€379,359▲ 11.3%
Working capital-€143,605below the sector's middle half▲ 17.0%-€106,197below the sector's middle half▲ 26.0%-€87,359below the sector's middle half▲ 17.7%-€95,213below the sector's middle half▼ 9.0%-€166,532below the sector's middle half▼ 74.9%
Solvency-69.8%below the sector's middle half▲ 17.8pp-43.2%below the sector's middle half▲ 26.6pp-36.0%below the sector's middle half▲ 7.1pp-37.6%below the sector's middle half▼ 1.6pp-35.8%below the sector's middle half▲ 1.8pp
Current ratio0.57below the sector's middle half▲ 0.040.68below the sector's middle half▲ 0.110.72below the sector's middle half▲ 0.040.72below the sector's middle half=0.56below the sector's middle half▼ 0.16
Return on assets (ROA)17.0%above the sector's middle half▼ 2.3pp15.3%above the sector's middle half▼ 1.7pp7.2%within the sector's middle half▼ 8.1pp-3.8%below the sector's middle half▼ 11.0pp-2.5%within the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €6,316 in 2025 against €9,332 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279,274
Fixed assets
€66,447 ▲ 3,216%
Current assets
€212,827 ▼ 13.4%
Equity and liabilities
Equity-€100,086
Debt€379,359
Equity is negative: debt (€379,359) exceeds the balance-sheet total (€279,274).
Key figures and ratios
EBITDA
€2,778▲
2024 · -€7,854
Cash flow
€2,218▲
2024 · -€7,854
Quick ratio
0.15▼
2024 · 0.20
Interest coverage
4.96
Debt ≤ 1 year
€379,359▲
2024 · €340,935
Staff costs
€17,094
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €131,522 | - |
| Non-recurring operating income76A | - | - | - | - | €2,928 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €105,697 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €17,094 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,624 | €2,184 | €2,008 | €1,479 | €9,094 | ▲ 515% |
| Other operating charges640/8 | €39,284 | €36,763 | €49,939 | €68,822 | €8,880 | ▼ 87.1% |
| Gross operating margin9900 | €76,181 | €74,672 | €68,777 | €60,968 | €28,752 | ▼ 52.8% |
| Operating profit (loss)9901 | €33,273 | €35,724 | €16,829 | -€9,332 | -€6,316 | ▲ 32.3% |
| Financial charges65/66B | - | - | - | - | €560 | - |
| Recurring financial charges65 | - | - | - | - | €560 | - |
| Profit (loss) for the period before taxes9903 | €33,273 | €35,724 | €16,829 | -€9,332 | -€6,876 | ▲ 26.3% |
| Profit (loss) for the period9904 | €33,273 | €35,724 | €16,829 | -€9,332 | -€6,876 | ▲ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €33,273 | €35,724 | €16,829 | -€9,332 | -€6,876 | ▲ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195,461 | €233,239 | €232,797 | €247,726 | €279,274 | ▲ 12.7% |
| Fixed assets21/28 | €7,174 | €5,490 | €3,482 | €2,004 | €66,447 | ▲ 3,216% |
| Tangible fixed assets22/27 | €7,149 | €4,965 | €2,957 | €1,479 | €65,922 | ▲ 4,359% |
| Furniture and vehicles24 | €7,149 | €4,965 | €2,957 | €1,479 | €65,922 | ▲ 4,359% |
| Financial fixed assets28 | €25 | €525 | €525 | €525 | €525 | = |
| Current assets29/58 | €188,287 | €227,750 | €229,315 | €245,722 | €212,827 | ▼ 13.4% |
| Stocks and contracts in progress3 | €173,596 | €177,033 | €177,033 | €177,033 | €154,897 | ▼ 12.5% |
| Stocks30/36 | €173,596 | €177,033 | €177,033 | €177,033 | €154,897 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €201 | €7,117 | €6,100 | €2,171 | €2,171 | = |
| Trade receivables40 | €201 | €7,117 | €6,100 | €2,171 | €2,171 | = |
| Cash at bank and in hand54/58 | €14,490 | €43,600 | €46,182 | €66,518 | €55,760 | ▼ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195,461 | €233,239 | €232,797 | €247,726 | €279,274 | ▲ 12.7% |
| Equity10/15 | -€136,431 | -€100,707 | -€83,877 | -€93,210 | -€100,086 | ▼ 7.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€155,031 | -€119,307 | -€102,477 | -€111,810 | -€118,686 | ▼ 6.1% |
| Amounts payable17/49 | €331,892 | €333,946 | €316,674 | €340,935 | €379,359 | ▲ 11.3% |
| Amounts payable within one year42/48 | €331,892 | €333,946 | €316,674 | €340,935 | €379,359 | ▲ 11.3% |
| Trade debts44 | €18,606 | €6,890 | - | €15,443 | €7,918 | ▼ 48.7% |
| Suppliers440/4 | €18,606 | €6,890 | - | €15,443 | €7,918 | ▼ 48.7% |
| Taxes, remuneration and social security45 | €33,000 | €38,383 | €28,138 | €36,956 | €45,757 | ▲ 23.8% |
| Taxes450/3 | - | €8,142 | €3,156 | €4,475 | €5,121 | ▲ 14.4% |
| Remuneration and social security454/9 | €33,000 | €30,240 | €24,981 | €32,481 | €40,636 | ▲ 25.1% |
| Other amounts payable47/48 | €280,286 | €288,673 | €288,537 | €288,537 | €325,684 | ▲ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,273 | €35,724 | €16,829 | -€9,332 | -€6,876 | ▲ 26.3% |
| + Depreciation and write-downs630 | €3,624 | €2,184 | €2,008 | €1,479 | €9,094 | ▲ 515% |
| Operating cash flow (approximation) | €36,897 | €37,909 | €18,837 | -€7,854 | €2,218 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€500 | €0 | €0 | -€73,537 | - |
| Change in cash | - | €29,110 | €2,582 | €20,336 | -€10,758 | ▼ 153% |
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
02-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€9,332
Net result drops to -€9,332, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €37,353 ▲712%
Operating result €37,353, net result €37,353, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2004
Ground area
264 m²
Building footprint
49 m²
Volume, LiDAR
331 m³
Parcel 21908E0023/00B015, Brussels · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MILDECO
since 20042.143.241.031
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0023/00B015 | Brussels | 264 m² | 1 · 49 m² | 8.5 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,271 companies in this sector we hold annual accounts for 582. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded20-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
47551Retail sale of household furniture
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46190Agents in non-specialised wholesale trade
46494Wholesale of non-electrical household articles
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869534130
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.