MILENTIS
ActiveSummary
MILENTIS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,448 and a net result of €22,965. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-11
Solvency34▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.42 against 0.81 in 2024; short-term debt: 30.3% and cash: 47.8% of total assets), but 91.1% of the assets are financed with debt.
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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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
8.9%
Return on assets
16.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
on the day
2023
on the day
2023
2 d early
2022
6 d early
2021
on the day
2020
62 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 6 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,448
2024 · -€10,517
Total assets
€139,826▲ 36.1%
2024 · €102,701
Net result
€22,965▼ 70.0%
2024 · €76,605
Working capital
€60,257
2024 · -€12,278
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
Line20222023202320242025
Operating result-€13,561-€13,468▲ 0.7%€13,820-€77,302▲ 459%€31,710▼ 59.0%
Net result-€15,523below the sector's middle half-€14,330below the sector's middle half▲ 7.7%€13,330within the sector's middle half-€76,605above the sector's middle half▲ 475%€22,965within the sector's middle half▼ 70.0%
Equity-€86,121below the sector's middle half▼ 22.0%-€100,451below the sector's middle half▼ 16.6%-€87,122below the sector's middle half--€10,517below the sector's middle half▲ 87.9%€12,448below the sector's middle half
Total assets€59,375below the sector's middle half▼ 19.6%€162,384within the sector's middle half▲ 173%€98,637within the sector's middle half-€102,701within the sector's middle half▲ 4.1%€139,826within the sector's middle half▲ 36.1%
Debt€145,496▲ 0.8%€262,835▲ 80.6%€185,759-€113,218▼ 39.1%€127,377▲ 12.5%
Working capital-€31,118▼ 16.1%-€122,771▼ 295%-€105,100--€12,278▲ 88.3%€60,257
Solvency-145.0%below the sector's middle half▼ 49.4pp-61.9%below the sector's middle half▲ 83.2pp-88.3%below the sector's middle half--10.2%below the sector's middle half▲ 78.1pp8.9%below the sector's middle half▲ 19.1pp
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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,826
Fixed assets
€37,172 ▼ 27.5%
Current assets
€102,654 ▲ 99.5%
Equity and liabilities €139,826
Equity
€12,448
Debt
€127,377
Debt finances 91.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€46,561▼
2024 · €92,156
Cash flow
€37,817▼
2024 · €91,460
Current ratio
2.42▲
2024 · 0.81
Debt to equity
10.23▲
2024 · -10.77
ROE
184.5%
ROA
16.4%▼
2024 · 74.6%
Interest coverage
107.88▼
2024 · 260.31
Debt ≤ 1 year
€42,396▼
2024 · €63,733
Debt > 1 year
€78,387▲
2024 · €48,387
Income taxes
€8,322▲
2024 · €343
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,322 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 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,390 | €11,966 | €7,748 | €14,855 | €14,852 | = |
| Other operating charges640/8 | €4,553 | €3,494 | €2,849 | €5,806 | €6,009 | ▲ 3.5% |
| Gross operating margin9900 | €2,382 | €1,992 | €24,417 | €97,963 | €52,570 | ▼ 46.3% |
| Operating profit (loss)9901 | -€13,561 | -€13,468 | €13,820 | €77,302 | €31,710 | ▼ 59.0% |
| Financial income75/76B | - | €3 | €0 | €0 | €10 | - |
| Recurring financial income75 | - | €3 | €0 | €0 | €10 | - |
| Financial charges65/66B | €395 | €422 | €189 | €354 | €432 | ▲ 21.9% |
| Recurring financial charges65 | €395 | €422 | €189 | €354 | €432 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | -€13,956 | -€13,887 | €13,632 | €76,948 | €31,288 | ▼ 59.3% |
| Income taxes67/77 | €1,567 | €443 | €302 | €343 | €8,322 | ▲ 2,328% |
| Profit (loss) for the period9904 | -€15,523 | -€14,330 | €13,330 | €76,605 | €22,965 | ▼ 70.0% |
| Profit (loss) for the period to be appropriated9905 | -€15,523 | -€14,330 | €13,330 | €76,605 | €22,965 | ▼ 70.0% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,375 | €162,384 | €98,637 | €102,701 | €139,826 | ▲ 36.1% |
| Fixed assets21/28 | €13,286 | €70,897 | €66,366 | €51,246 | €37,172 | ▼ 27.5% |
| Tangible fixed assets22/27 | €12,326 | €69,937 | €65,406 | €50,286 | €36,212 | ▼ 28.0% |
| Plant, machinery and equipment23 | €1,112 | €1,076 | €736 | €274 | €592 | ▲ 116% |
| Furniture and vehicles24 | €11,214 | €68,861 | €64,669 | €50,012 | €35,620 | ▼ 28.8% |
| Financial fixed assets28 | €960 | €960 | €960 | €960 | €960 | = |
| Current assets29/58 | €46,089 | €91,487 | €32,272 | €51,455 | €102,654 | ▲ 99.5% |
| Amounts receivable within one year40/41 | €11,474 | €75,257 | €519 | €968 | €34,626 | ▲ 3,478% |
| Trade receivables40 | €10,756 | €74,767 | €1 | €405 | €27,526 | ▲ 6,698% |
| Other amounts receivable41 | €718 | €489 | €518 | €563 | €7,100 | ▲ 1,161% |
| Cash at bank and in hand54/58 | €32,553 | €14,096 | €30,394 | €30,463 | €66,825 | ▲ 119% |
| Deferred charges and accrued income490/1 | €2,062 | €2,134 | €1,359 | €20,023 | €1,203 | ▼ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,375 | €162,384 | €98,637 | €102,701 | €139,826 | ▲ 36.1% |
| Equity10/15 | -€86,121 | -€100,451 | -€87,122 | -€10,517 | €12,448 | ▲ 218% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €653 | €653 | €653 | €653 | €653 | = |
| Non-distributable reserves130/1 | €653 | €653 | €0 | - | - | - |
| Reserves not available under the articles1311 | €653 | €653 | €0 | - | - | - |
| Distributable reserves133 | - | - | €653 | €653 | €653 | = |
| Profit (loss) carried forward14 | -€99,174 | -€113,505 | -€100,175 | -€23,570 | -€605 | ▲ 97.4% |
| Amounts payable17/49 | €145,496 | €262,835 | €185,759 | €113,218 | €127,377 | ▲ 12.5% |
| Amounts payable after more than one year17 | €67,387 | €48,387 | €48,387 | €48,387 | €78,387 | ▲ 62.0% |
| Other amounts payable178/9 | €67,387 | €48,387 | €48,387 | €48,387 | €78,387 | ▲ 62.0% |
| Amounts payable within one year42/48 | €77,206 | €214,258 | €137,372 | €63,733 | €42,396 | ▼ 33.5% |
| Trade debts44 | €670 | €70,757 | €50 | €1,258 | €4,283 | ▲ 240% |
| Suppliers440/4 | €670 | €70,757 | €50 | €1,258 | €4,283 | ▲ 240% |
| Taxes, remuneration and social security45 | - | - | €302 | €0 | - | - |
| Taxes450/3 | - | - | €302 | €0 | - | - |
| Other amounts payable47/48 | €76,536 | €143,501 | €137,020 | €62,475 | €38,113 | ▼ 39.0% |
| Accrued charges and deferred income492/3 | €903 | €191 | €0 | €1,098 | €6,594 | ▲ 500% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,523 | -€14,330 | €13,330 | €76,605 | €22,965 | ▼ 70.0% |
| + Depreciation and write-downs630 | €11,390 | €11,966 | €7,748 | €14,855 | €14,852 | = |
| Operating cash flow (approximation) | -€4,133 | -€2,364 | €21,078 | €91,460 | €37,817 | ▼ 58.7% |
| Investment in fixed assets (approximation) | - | -€69,577 | - | €264 | -€778 | ▼ 394% |
| Change in cash | - | -€18,457 | - | €69 | €36,362 | ▲ 52,310% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 2.42
Current ratio from 0.81 to 2.42; short-term debt falls from €63,733 to €42,396.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €76,605 ▲475%
Operating result €77,302, net result €76,605, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13,330
Net result €13,330 after 2 loss-making years.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€15,523
Net result drops to -€15,523, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €12,753
Net result €12,753 after one loss-making year.
Show earlier events
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Jurbise · 1 establishment unit since 2009
Ground area
4,602 m²
Building footprint
183 m²
Volume, LiDAR
2,292 m³
Parcel 53050A0455/00H000, Wallonia · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MILENTIS
since 20092.176.430.669
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53050A0455/00H000 | Wallonia | 4,602 m² | 1 · 183 m² | 17.5 m · 4 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 25,404 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
Founded13-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
Contact
Website
www.milentis.com
E-mail
info@milentis.com
E-mail
bernard.kerstens@skynet.beJurbise
Phone
0473/401800Jurbise
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809194586
Also
9925:BE0809194586
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.