Mileco
ActiveMileco has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €362k and a net result of €211k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency52▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.56 in 2024), and 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
36.3%
Return on assets
21.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
46 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
10 d late
2019
55 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€362k▲ 30.6%
2024 · €277k
2019: €62k
2020: €144k
2021: €278k
2022: €407k
2023: €350k
2024: €277k
2019 → 2025
Total assets
€997k▲ 13.6%
2024 · €878k
2019: €493k
2020: €773k
2021: €872k
2022: €941k
2023: €1.02M
2024: €878k
2019 → 2025
Net result
€211k▲ 66.9%
2024 · €127k
2019: €50k
2020: €82k
2021: €134k
2022: €128k
2023: €113k
2024: €127k
2019 → 2025
Working capital
€-59k▲ 40.8%
2024 · €-99k
2019: €-25k
2020: €-56k
2021: €-9k
2022: €87k
2023: €2k
2024: €-99k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€407k▲ 46.0%€350k▼ 14.0%€277k▼ 20.9%€362k▲ 30.6%
Operating result€175k-€176k▲ 0.5%€151k▼ 13.9%€173k▲ 14.4%€294k▲ 70.1%
Net result€134k-€128k▼ 4.6%€113k▼ 11.6%€127k▲ 11.6%€211k▲ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 70% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €997k
Fixed assets
€762k▲ 1.4%
Current assets
€235k▲ 86.3%
Equity and liabilities €997k
Equity
€362k▲ 30.6%
Debt
€636k▲ 5.7%
The debt ratio falls from 68.5% to 63.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€330k▲
2024 · €202k
Cash flow
€247k▲
2024 · €156k
Solvency
36.3%▲
2024 · 31.5%
Current ratio
0.80▲
2024 · 0.56
Quick ratio
0.80▲
2024 · 0.56
Debt / equity
1.76▼
2024 · 2.17
ROE
58.4%▲
2024 · 45.7%
ROA
21.2%▲
2024 · 14.4%
Interest coverage
20.97▼
2024 · 28.93
Debt
€636k▲
2024 · €601k
Debt ≤ 1 year
€294k▲
2024 · €225k
Debt > 1 year
€331k▼
2024 · €374k
Income taxes
€67k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€878k€997k▲
Fixed assets21/28€752k€762k▲
Tangible fixed assets22/27€752k€762k▲
Land and buildings22€738k€752k▲
Plant, machinery and equipment23€253€0▼
Furniture and vehicles24€13k€10k▼
Current assets29/58€126k€235k▲
Amounts receivable within one year40/41€85k€37k▼
Trade receivables40€80k€24k▼
Other amounts receivable41€5k€13k▲
Cash at bank and in hand54/58€40k€37k▼
Deferred charges and accrued income490/1€1k€161k▲
Equity and liabilities
Total equity and liabilities10/49€878k€997k▲
Equity10/15€277k€362k▲
Contributions10/11€19k€19k=
Reserves13€258k€343k▲
Distributable reserves133€258k€343k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€601k€636k▲
Amounts payable after more than one year17€374k€331k▼
Financial debts170/4€374k€331k▼
Amounts payable within one year42/48€225k€294k▲
Current portion of amounts payable after more than one year42€43k€43k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€13k€33k▲
Taxes450/3€11k€30k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€167k€210k▲
Accrued charges and deferred income492/3€1k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€4k▲
Gross operating margin9900€206k€334k▲
Operating profit (loss)9901€173k€294k▲
Financial income75/76B€28€2▼
Recurring financial income75€28€2▼
Financial charges65/66B€7k€16k▲
Recurring financial charges65€7k€16k▲
Profit (loss) for the period before taxes9903€166k€279k▲
Income taxes67/77€40k€67k▲
Profit (loss) for the period9904€127k€211k▲
Profit (loss) for the period to be appropriated9905€127k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€127k€211k▲
Transfer from equity791/2€199k€127k▼
Transfer to equity691/2€127k€211k▲
To other reserves6921€127k€211k▲
Profit to be distributed694/7€199k€127k▼
Return on contributions (dividend)694€199k€127k▼
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €211k ▲66.9%
Operating result €294k, net result €211k, both a record.
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 0.91 to 2.16; short-term debt falls from €93k to €75k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €278k ▲93.3%
3 profitable years in a row build equity to €278k.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Equity above €100kEq €144k ▲132%
2 profitable years in a row build equity to €144k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Financial milestoneNBB 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, Kortrijk · 1 establishment unit since 2019
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.
Hemelrijkstraat(Mar) 438510 KortrijkGround area
934 m²
Building footprint
257 m²
Volume, LiDAR
1,286 m³
Parcel 34026A0309/00V000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mileco
since 20192.285.268.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0309/00V000 | Flanders | 934 m² | 1 · 257 m² | 9.9 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.
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CELEST INVEST
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GALOOIE
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 36,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.