Financials
- Fiscal year
- 2025
- Turnover
- €10,705
- Loss
- -€3,050
- Solvency
- 12.0%
Turnover▼ 44.1%
Net result
20182025
MILELEC
ActiveSummary
MILELEC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,499 and a net result of -€3,050. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 2204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
General electrical installation work
NACE 43211NACE 45310
1 site
How big
€10,705turnover 2025
- Equity
- €11,499
- Loss
- -€3,050
Who decides
Accounts 9 d early0 of 1 deed read
Why 66- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 1.09, cash €233, halved+ Size: turnover €10,705, total assets €95,478+ Founded in 1992Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 11% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
37=
equity 12.0% of total assets
Liquidity
2-10
short-term debt 88.0% · cash 0.2%
Profitability
10+10
return on assets -3.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 0.8%highest value
09-2026: 0.8%● 0.0% vs 08-2026highest value
10-2026: 0.8%● 0.0% vs 09-2026highest value
- Sector Specialised construction activities (NACE 43) raises the probability
- Size: turnover €10,705, total assets €95,478 lowers the probability for this profile
- Founded in 1992 lowers the probability for this profile
- Liquidity: current ratio 1.09, cash €233, halved raises the probability
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.1 in 2024; short-term debt: 88% and cash: 0.2% of total assets), and 88% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 15%, liquidity 3%, profitability 11%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,050
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2204 sector peers (2025).
NBB · sector comparisonPosition among 2204 sector peers
Solvency
better than 13%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
17 d early
2022
17 d early
2021
24 d early
2020
17 d early
2019
17 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Weakest financial yearnet -€136,058
Key points
- Risk: 5 loss-making years in a rowloss fiscal year 2025 -€3,050 View
- Positive: Result rose in 2025from -€136,058 to -€3,050 ▲ 97.8% View
- Caution: Among the weakest 10% on equitysector median €441,919 · 2,204 companies €11,499 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-07-2026Annual accounts filed
- 18-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General electrical installation workNACE 43211
- Founded
- 22-01-1992
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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