Milhen Esthetics
The computed 12-month bankruptcy probability of Milhen Esthetics is 2.9% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €-3k. Its solvency ranks better than 10% of 385 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-9k |
| Net result | €-3k |
| Better than sector | 10% |
| Active | 3 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -93.0% | 25.9% | |
| Net result | €-3k | €5k | |
| Equity | €-9k | €16k | |
| Gross operating margin | €-2k | €29k | |
| Total assets | €9k | €69k |
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-2k |
| Net profit | €-3k |
| Cash flow | €-2k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €9k |
| Equity | €-9k |
| Debt | €18k |
| of which ≤ 1y | €18k |
| of which > 1y | - |
| Working capital | €-10k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.30 |
| Working capital ratio | -109.0% |
| Solvency | -93.0% |
| Debt / equity | -2.08 |
| Long-term debt ratio | - |
| Interest coverage | -26.83 |
| Gross margin | - |
| Net margin | - |
| ROA | -27.5% |
| ROE | 29.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €9k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €2k |
| Current assets | 29/58 | €7k |
| Stocks & contracts in progress | 3 | €2k |
| Amounts receivable within one year | 40/41 | €565 |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9k |
| Equity | 10/15 | €-9k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-11k |
| Amounts payable | 17/49 | €18k |
| Amounts payable within one year | 42/48 | €18k |
| Trade debts payable within one year | 44 | €656 |
| Income statement | ||
| Gross operating margin | 9900 | €-2k |
| Operating result | 9901 | €-3k |
| Financial income | 75 | €49 |
| Financial charges | 65 | €80 |
| Result before taxes | 9903 | €-3k |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
| NACE primary | Schoonheidsverzorging en andere schoonheidsbehandelingen(96220) |
| Legal form | Private limited company(610) |
| Incorporation | 20-01-2023 |
| Status | Active |
| Postal code | 8200 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0164/00F004 | Flanders | 2,685 m² | 1 · 216 m² | 7.8 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
07-01-2026 Registered office moved from Nieuwpoort to Brugge
- Onze Lieve Vrouwstraat 23, 8620 Nieuwpoort → Gistelsesteenweg 726, 8200 Brugge
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Brugge",
"region": null,
"street": "Gistelsesteenweg",
"country": "BE",
"postcode": "8200",
"box_number": null,
"street_number": "726"
},
"old_address": {
"city": "Nieuwpoort",
"region": null,
"street": "Onze Lieve Vrouwstraat",
"country": "BE",
"postcode": "8620",
"box_number": "1",
"street_number": "23"
},
"effective_date": "2025-11-01",
"evidence_quote": "Met algemeenheid van stemmen wordt beslist om de maatschappelijke zetel te verplaatsen van 8620 Nieuwpoort, Onze Lieve Vrouwstraat 23 bus 1 naar 8200 Brugge, Gistelsesteenweg 726 en dit vanaf 01/11/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0797.453.529",
"name_full": "MILHEN ESTHETICS",
"legal_form": "BV"
}
}24-01-2023 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8620 Nieuwpoort, Onze Lieve Vrouwstraat 23 bus 0001",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1982-11-19",
"name": "SHAHBAZYAN Henrik",
"niss": null,
"address": "8620 Nieuwpoort, Onze Lieve Vrouwstraat 23 bus 0101"
},
"share_class": "Aandelen op naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 9275,
"holder_person_name": "SHAHBAZYAN Henrik",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 9275,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1982-03-28",
"name": "PAPIKIAN Milena",
"niss": null,
"address": "8620 Nieuwpoort, Onze Lieve Vrouwstraat 23 bus 0101"
},
"share_class": "Aandelen op naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 9275,
"holder_person_name": "PAPIKIAN Milena",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 9275,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18550,
"subject_company": {
"kbo": "0797.453.529",
"name_full": "Milhen Esthetics",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-01-19",
"post_incorporation_mandates": []
}| Legal nameNL | Milhen Esthetics |