Financials
- Fiscal year
- 2025
- Total assets
- €242,770
- Loss
- -€11,829
- Solvency
- -59.1%
Total assets▲ 4.8%
Net result
20182025
MILESTONE 44
ActiveSummary
MILESTONE 44 has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€143,377) and a net result of -€11,829. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Manufacture of other non-metallic mineral products
NACE 23990NACE 26820
1 site
How big
€242,770total assets 2025
- Equity
- -€143,377
- Loss
- -€11,829
Turnover not published (abridged schema)
Who decides
- Largest shareholder
- DEN BLAUWE STEEN · 24%
Accounts filed 12 d late0 of 4 deeds read
Why 40- Annual accounts: weaker financial profile- Negative equity+ Long track record+ Lower-risk legal form+ Lower-failure-rate sectorFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-1
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.37 in 2024; short-term debt: 157.4% and cash: 28% 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
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 · 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
-59.1%
Return on assets
-4.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€143,377
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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
12 d late
2024
27 d late
2023
28 d early
2022
39 d early
2021
11 d late
2020
61 d early
2019
29 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 15 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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 11 August (4 of the last 5 filed years within 38 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 · abbreviated…
- Weakest financial yearnet -€11,829
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Board & ownership
- Largest shareholder
- DEN BLAUWE STEEN · 24%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 12-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 27-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of other non-metallic mineral productsNACE 23990
- Founded
- 12-04-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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