MileStone Projects
ActiveSummary
The computed 12-month bankruptcy probability of MileStone Projects is 3.8% (moderate). The 2024 annual accounts show negative equity (-€294,048) and a net result of -€221,527. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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- 2022 Total assets +405% on 2021. Cause not known from the registers.
Peer companies
Historical observationOf the 1,170 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,170 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.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,062 | €4,384 | €4,384 | €3,037 | ▼ 30.7% |
| Other operating charges640/8 | €1,181 | €2,869 | €9,072 | €10,407 | ▲ 14.7% |
| Gross operating margin9900 | -€47,818 | -€22,318 | €190,629 | -€23,075 | ▼ 112% |
| Operating profit (loss)9901 | -€52,061 | -€29,570 | €177,174 | -€36,520 | ▼ 121% |
| Financial income75/76B | €0 | €44 | €2,984 | €1 | ▼ 100.0% |
| Recurring financial income75 | €0 | €1 | €1,186 | €1 | ▼ 99.9% |
| Non-recurring financial income76B | - | €44 | €1,798 | €0 | ▼ 100% |
| Financial charges65/66B | €1,970 | €27,569 | €68,598 | €185,008 | ▲ 170% |
| Recurring financial charges65 | €1,970 | €27,569 | €68,598 | €185,008 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | -€54,031 | -€57,095 | €111,560 | -€221,527 | ▼ 299% |
| Income taxes67/77 | - | - | €249 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€54,031 | -€57,095 | €111,311 | -€221,527 | ▼ 299% |
| Profit (loss) for the period to be appropriated9905 | -€54,031 | -€57,095 | €111,311 | -€221,527 | ▼ 299% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €619,591 | €3.1m | €3.9m | €3.2m | ▼ 18.0% |
| Fixed assets21/28 | €26,400 | €22,016 | €17,632 | €14,595 | ▼ 17.2% |
| Tangible fixed assets22/27 | €26,350 | €21,966 | €17,582 | €14,545 | ▼ 17.3% |
| Plant, machinery and equipment23 | €5,203 | €3,094 | €985 | €223 | ▼ 77.4% |
| Furniture and vehicles24 | €11,251 | €10,037 | €8,824 | €7,611 | ▼ 13.7% |
| Other tangible fixed assets26 | €9,896 | €8,834 | €7,773 | €6,711 | ▼ 13.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €593,191 | €3.1m | €3.9m | €3.2m | ▼ 18.0% |
| Stocks and contracts in progress3 | €588,812 | €2.9m | €3.7m | €3.2m | ▼ 13.7% |
| Stocks30/36 | €588,812 | €2.9m | €3.7m | €3.2m | ▼ 13.7% |
| Amounts receivable within one year40/41 | - | €15,186 | €114,124 | €1,413 | ▼ 98.8% |
| Trade receivables40 | - | €14,136 | €103,300 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1,050 | €10,824 | €1,413 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €4,171 | €191,838 | €125,611 | €43,214 | ▼ 65.6% |
| Deferred charges and accrued income490/1 | €208 | €3,161 | €4,184 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €619,591 | €3.1m | €3.9m | €3.2m | ▼ 18.0% |
| Equity10/15 | -€24,031 | -€81,126 | €30,186 | -€294,048 | ▼ 1,074% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | - | - | €186 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €186 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€54,031 | -€111,126 | €0 | -€324,048 | - |
| Amounts payable17/49 | €643,621 | €3.2m | €3.9m | €3.5m | ▼ 9.8% |
| Amounts payable after more than one year17 | €20,254 | €3.1m | €3.7m | €3.0m | ▼ 18.6% |
| Financial debts170/4 | €20,254 | €3.1m | €3.7m | €3.0m | ▼ 18.6% |
| Amounts payable within one year42/48 | €623,368 | €157,495 | €185,426 | €493,972 | ▲ 166% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,153 | - |
| Financial debts43 | €510,878 | €5,968 | €106,060 | €200,000 | ▲ 88.6% |
| Credit institutions430/8 | €510,878 | €5,968 | €106,060 | €200,000 | ▲ 88.6% |
| Trade debts44 | €1,750 | €46,703 | €77,729 | €11,988 | ▼ 84.6% |
| Suppliers440/4 | €1,750 | €46,703 | €77,729 | €11,988 | ▼ 84.6% |
| Taxes, remuneration and social security45 | - | - | €249 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €249 | €0 | ▼ 100% |
| Other amounts payable47/48 | €110,740 | €104,823 | €1,388 | €275,831 | ▲ 19,773% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,031 | -€57,095 | €111,311 | -€221,527 | ▼ 299% |
| + Depreciation and write-downs630 | €3,062 | €4,384 | €4,384 | €3,037 | ▼ 30.7% |
| Operating cash flow (approximation) | -€50,968 | -€52,712 | €115,695 | -€218,490 | ▼ 289% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €187,667 | -€66,227 | -€82,397 | ▼ 24.4% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1760/00E000 | Flanders | 373 m² | 1 · 367 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.