Summary
Miles is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €361k and a net result of €96k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 8048 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €361k
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
27 d late
2023
14 d late
2022
59 d late
2021
30 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€361k▲ 35.7%
2024 · €266k
2018: €187k
2019: €494k▲ +164% vs 2018
2020: €537k▲ +8.6% vs 2019highest in 8 years
2021: €87k▼ -83.8% vs 2020lowest in 8 years
2022: €143k▲ +64.9% vs 2021
2023: €182k▲ +26.5% vs 2022
2024: €266k▲ +46.7% vs 2023
2025: €361k▲ +35.7% vs 2024
2018 → 2025
Net result
€96k▲ 12.2%
2024 · €85k
2018: €90k
2019: €308k▲ +244% vs 2018highest in 8 years
2020: €43k▼ -86.0% vs 2019
2021: €46k▲ +7.1% vs 2020
2022: €57k▲ +23.6% vs 2021
2023: €39k▼ -32.2% vs 2022lowest in 8 years
2024: €85k▲ +120% vs 2023
2025: €96k▲ +12.2% vs 2024
2018 → 2025
Total assets
€448k▲ 23.4%
2024 · €363k
2018: €529k
2019: €580k▲ +9.6% vs 2018
2020: €591k▲ +1.9% vs 2019highest in 8 years
2021: €548k▼ -7.4% vs 2020
2022: €480k▼ -12.4% vs 2021
2023: €298k▼ -37.9% vs 2022lowest in 8 years
2024: €363k▲ +21.8% vs 2023
2025: €448k▲ +23.4% vs 2024
2018 → 2025
Solvency
80.7%▲ 7.3pp
2024 · 73.4%
2018: 35.3%
2019: 85.2%▲ +141% vs 2018
2020: 90.8%▲ +6.5% vs 2019highest in 8 years
2021: 15.9%▼ -82.5% vs 2020lowest in 8 years
2022: 29.9%▲ +88.3% vs 2021
2023: 60.9%▲ +104% vs 2022
2024: 73.4%▲ +20.4% vs 2023
2025: 80.7%▲ +10.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€143k▲ 64.9%€182k▲ 26.5%€266k▲ 46.7%€361k▲ 35.7%
2021: €87klowest in 5 years
2022: €143k▲ +64.9% vs 2021
2023: €182k▲ +26.5% vs 2022
2024: €266k▲ +46.7% vs 2023
2025: €361k▲ +35.7% vs 2024highest in 5 years
Operating result€66k-€78k▲ 18.5%€58k▼ 26.1%€130k▲ 124%€134k▲ 3.6%
2021: €66k
2022: €78k▲ +18.5% vs 2021
2023: €58k▼ -26.1% vs 2022lowest in 5 years
2024: €130k▲ +124% vs 2023
2025: €134k▲ +3.6% vs 2024highest in 5 years
Net result€46k-€57k▲ 23.6%€39k▼ 32.2%€85k▲ 120%€96k▲ 12.2%
2021: €46k
2022: €57k▲ +23.6% vs 2021
2023: €39k▼ -32.2% vs 2022lowest in 5 years
2024: €85k▲ +120% vs 2023
2025: €96k▲ +12.2% vs 2024highest in 5 years
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 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €448k
Fixed assets
€122k ▼ 12.4%
Current assets
€325k ▲ 45.9%
Equity and liabilities €448k
Equity
€361k ▲ 35.7%
Debt
€86k ▼ 10.5%
Debt's share of the balance-sheet total falls from 26.6% to 19.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.5%▼
2024 · 32.1%
ROA
21.4%▼
2024 · 23.6%
Debt ≤ 1 year
€83k▲
2024 · €82k
Debt > 1 year
€781▼
2024 · €12k
Income taxes
€39k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€363k€448k▲
Fixed assets21/28€140k€122k▼
Tangible fixed assets22/27€65k€47k▼
Plant, machinery and equipment23€395€146▼
Furniture and vehicles24€32k€17k▼
Leasing and similar rights25€33k€30k▼
Financial fixed assets28€75k€75k=
Current assets29/58€223k€325k▲
Amounts receivable within one year40/41€29k€5k▼
Other amounts receivable41€29k€5k▼
Current investments50/53€75k-
Cash at bank and in hand54/58€119k€320k▲
Equity and liabilities
Total equity and liabilities10/49€363k€448k▲
Equity10/15€266k€361k▲
Contributions10/11€20k€20k=
Reserves13€246k€341k▲
Tax-exempt reserves132€20k€20k=
Distributable reserves133€226k€321k▲
Amounts payable17/49€97k€86k▼
Amounts payable after more than one year17€12k€781▼
Financial debts170/4€12k€781▼
Amounts payable within one year42/48€82k€83k▲
Current portion of amounts payable after more than one year42€19k€11k▼
Trade debts44€47€5k▲
Suppliers440/4€47€5k▲
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€51k€61k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€703€760▲
Gross operating margin9900€148k€153k▲
Operating profit (loss)9901€130k€134k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€130k€135k▲
Income taxes67/77€44k€39k▼
Profit (loss) for the period9904€85k€96k▲
Profit (loss) for the period to be appropriated9905€85k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€96k▲
Transfer to equity691/2€85k€95k▲
To other reserves6921€85k€95k▲
Profit to be distributed694/7€800€800=
Return on contributions (dividend)694€800€800=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21k | - | - | - | - |
| Remuneration, social security and pensions62 | €250 | €250 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €17k | €18k | €18k | €17k | ▼ 1.5% |
| Other operating charges640/8 | €1k | €873 | €667 | €703 | €760 | ▲ 8.1% |
| Non-recurring operating charges66A | - | €461 | - | - | - | - |
| Gross operating margin9900 | €72k | €97k | €77k | €148k | €153k | ▲ 3.0% |
| Operating profit (loss)9901 | €66k | €78k | €58k | €130k | €134k | ▲ 3.6% |
| Financial income75/76B | - | €0 | - | €1k | €2k | ▲ 28.3% |
| Recurring financial income75 | - | €0 | - | €1k | €2k | ▲ 28.3% |
| Financial charges65/66B | €675 | €918 | €3k | €1k | €1k | ▼ 11.7% |
| Recurring financial charges65 | €675 | €918 | €3k | €1k | €1k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €66k | €78k | €55k | €130k | €135k | ▲ 4.0% |
| Income taxes67/77 | €19k | €20k | €16k | €44k | €39k | ▼ 11.7% |
| Profit (loss) for the period9904 | €46k | €57k | €39k | €85k | €96k | ▲ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €46k | €57k | €39k | €85k | €96k | ▲ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €548k | €480k | €298k | €363k | €448k | ▲ 23.4% |
| Fixed assets21/28 | €126k | €175k | €158k | €140k | €122k | ▼ 12.4% |
| Tangible fixed assets22/27 | €51k | €100k | €83k | €65k | €47k | ▼ 26.8% |
| Plant, machinery and equipment23 | €949 | €1k | €664 | €395 | €146 | ▼ 63.0% |
| Furniture and vehicles24 | €10k | €62k | €47k | €32k | €17k | ▼ 45.8% |
| Leasing and similar rights25 | €40k | €38k | €35k | €33k | €30k | ▼ 7.7% |
| Financial fixed assets28 | €75k | €75k | €75k | €75k | €75k | = |
| Current assets29/58 | €422k | €304k | €140k | €223k | €325k | ▲ 45.9% |
| Amounts receivable within one year40/41 | €54k | €54k | €39k | €29k | €5k | ▼ 81.6% |
| Other amounts receivable41 | €54k | €54k | €39k | €29k | €5k | ▼ 81.6% |
| Current investments50/53 | - | - | - | €75k | - | - |
| Cash at bank and in hand54/58 | €368k | €250k | €102k | €119k | €320k | ▲ 169% |
| Deferred charges and accrued income490/1 | €646 | €104 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €548k | €480k | €298k | €363k | €448k | ▲ 23.4% |
| Equity10/15 | €87k | €143k | €182k | €266k | €361k | ▲ 35.7% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €68k | €125k | €163k | €246k | €341k | ▲ 38.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Legal reserve130 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €20k | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | €46k | €103k | €141k | €226k | €321k | ▲ 42.2% |
| Amounts payable17/49 | €461k | €336k | €116k | €97k | €86k | ▼ 10.5% |
| Amounts payable after more than one year17 | €30k | €50k | €31k | €12k | €781 | ▼ 93.4% |
| Financial debts170/4 | €30k | €50k | €31k | €12k | €781 | ▼ 93.4% |
| Amounts payable within one year42/48 | €430k | €286k | €81k | €82k | €83k | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | €9k | €19k | €19k | €19k | €11k | ▼ 42.0% |
| Trade debts44 | €9k | €7k | €5k | €47 | €5k | ▲ 10,370% |
| Suppliers440/4 | €9k | €7k | €5k | €47 | €5k | ▲ 10,370% |
| Taxes, remuneration and social security45 | €6k | €8k | €5k | €12k | €7k | ▼ 44.4% |
| Taxes450/3 | €6k | €8k | €5k | €12k | €7k | ▼ 44.4% |
| Other amounts payable47/48 | €405k | €253k | €51k | €51k | €61k | ▲ 18.6% |
| Accrued charges and deferred income492/3 | - | - | €4k | €2k | €2k | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €57k | €39k | €85k | €96k | ▲ 12.2% |
| + Depreciation and write-downs630 | €5k | €17k | €18k | €18k | €17k | ▼ 1.5% |
| Operating cash flow (approximation) | €51k | €74k | €57k | €103k | €113k | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €-67k | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | €-118k | €-148k | €18k | €201k | ▲ 1,047% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €200kEq €266k ▲46.7%
7 profitable years in a row build equity to €266k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €39k ▼32.2%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €182k ▲26.5%
6 profitable years in a row build equity to €182k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Equity above €100kEq €143k ▲64.9%
5 profitable years in a row build equity to €143k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 32.13
Current ratio from 12.10 to 32.13; short-term debt falls from €36k to €14k.
31-12
Financial
Equity above €500kEq €537k ▲8.6%
3 profitable years in a row build equity to €537k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €308k ▲244%
Operating result €432k, net result €308k, both a record.
31-12
Financial
Liquidity times 8current ratio 12.10
Current ratio from 1.43 to 12.10; short-term debt falls from €118k to €36k.
31-12
Financial
Equity above €200kEq €494k ▲164%
2 profitable years in a row build equity to €494k.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Gistel · 1 establishment unit since 2015
Ground area
749 m²
Building footprint
168 m²
Volume, LiDAR
1,011 m³
Parcel 35005B0378/00T000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZAKENKANTOOR LAHAYE MICHIEL
since 20152.246.588.096
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0378/00T000 | Flanders | 749 m² | 1 · 168 m² | 8.2 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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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,786 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
Founded09-10-2015
Fiscal year end31-12
Trade name NL
Kantoor Michiel Lahaye
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.