MILK
ActiveSummary
MILK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€359,884) and a net result of -€145,672. Equity is shrinking by ~57.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.47 in 2023; short-term debt: 152.5% and cash: 0.7% 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
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 2024Solvency, return and age of the figures
Solvency
-53.1%
Return on assets
-21.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€359,884
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
1 d late
2022
30 d late
2021
92 d late
2020
158 d late
2019
266 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 100 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€145,672▼ 4.7%
2023 · -€139,149
Working capital
-€567,281▼ 27.8%
2023 · -€443,943
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€3,654-€39,099-€169,260▼ 333%-€106,320▲ 37.2%-€139,681▼ 31.4%
Net result€781within the sector's middle half-€50,174below the sector's middle half-€189,352below the sector's middle half▼ 277%-€139,149below the sector's middle half▲ 26.5%-€145,672below the sector's middle half▼ 4.7%
Equity€164,627within the sector's middle half▲ 0.5%€114,454within the sector's middle half▼ 30.5%-€74,898below the sector's middle half-€214,047below the sector's middle half▼ 186%-€359,884below the sector's middle half▼ 68.1%
Total assets€1.2mwithin the sector's middle half▲ 74.3%€1.1mwithin the sector's middle half▼ 8.6%€896,194within the sector's middle half▼ 19.1%€648,296within the sector's middle half▼ 27.7%€677,745within the sector's middle half▲ 4.5%
Debt€1.0m▲ 97.1%€993,607▼ 5.2%€971,093▼ 2.3%€862,343▼ 11.2%€1.0m▲ 20.3%
Working capital-€25,182-€80,739▼ 221%-€268,833▼ 233%-€443,943▼ 65.1%-€567,281▼ 27.8%
Solvency13.6%within the sector's middle half▼ 10.0pp10.3%below the sector's middle half▼ 3.2pp-8.4%below the sector's middle half▼ 18.7pp-33.0%below the sector's middle half▼ 24.7pp-53.1%below the sector's middle half▼ 20.1pp
Staff (FTE)4within the sector's middle half▼ 25.9%4.5within the sector's middle half▲ 12.5%4.5within the sector's middle half=5.2within the sector's middle half▲ 15.6%5.2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €139,681 in 2024 against €106,320 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €677,745
Fixed assets
€211,414 ▼ 14.8%
Current assets
€466,331 ▲ 16.5%
Key figures and ratios
EBITDA
-€103,086▼
2023 · -€67,656
Cash flow
-€109,077▼
2023 · -€100,485
Current ratio
0.45▼
2023 · 0.47
Quick ratio
0.19▲
2023 · 0.11
Debt to equity
-2.88▲
2023 · -4.03
ROA
-21.5%▼
2023 · -21.5%
Interest coverage
-16.82▼
2023 · -2.06
Debt ≤ 1 year
€1.0m▲
2023 · €844,230
Debt > 1 year
€4,018▼
2023 · €18,114
Income taxes
€132=
2023 · €132
Staff costs
€182,248▼
2023 · €188,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 6,943 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €102,379 | €168,488 | €188,713 | €182,248 | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,618 | €42,911 | €38,007 | €38,664 | €36,595 | ▼ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€53,432 | - | - | - | - |
| Other operating charges640/8 | - | €70,749 | €46,487 | €8,616 | €11,409 | ▲ 32.4% |
| Non-recurring operating charges66A | - | €2,550 | - | - | - | - |
| Gross operating margin9900 | €209,414 | €126,058 | €83,722 | €129,673 | €90,571 | ▼ 30.2% |
| Operating profit (loss)9901 | €3,654 | -€39,099 | -€169,260 | -€106,320 | -€139,681 | ▼ 31.4% |
| Financial income75/76B | - | €14,366 | €14,872 | €133 | €268 | ▲ 102% |
| Recurring financial income75 | €18,325 | €14,366 | €14,872 | €133 | €268 | ▲ 102% |
| Financial charges65/66B | - | €25,139 | €33,511 | €32,829 | €6,128 | ▼ 81.3% |
| Recurring financial charges65 | €20,933 | €25,139 | €33,511 | €32,829 | €6,128 | ▼ 81.3% |
| Profit (loss) for the period before taxes9903 | €1,046 | -€49,873 | -€187,899 | -€139,017 | -€145,540 | ▼ 4.7% |
| Income taxes67/77 | €264 | €301 | €1,453 | €132 | €132 | = |
| Profit (loss) for the period9904 | €781 | -€50,174 | -€189,352 | -€139,149 | -€145,672 | ▼ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €781 | -€50,174 | -€189,352 | -€139,149 | -€145,672 | ▼ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €896,194 | €648,296 | €677,745 | ▲ 4.5% |
| Fixed assets21/28 | €360,342 | €320,191 | €282,993 | €248,009 | €211,414 | ▼ 14.8% |
| Intangible fixed assets21 | €3,408 | €712 | €185 | - | - | - |
| Tangible fixed assets22/27 | €276,339 | €238,885 | €202,214 | €167,499 | €130,904 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €116,446 | €95,588 | €77,741 | €57,916 | ▼ 25.5% |
| Furniture and vehicles24 | - | €4,613 | €3,944 | €2,219 | €593 | ▼ 73.3% |
| Other tangible fixed assets26 | - | €117,826 | €102,682 | €87,539 | €72,395 | ▼ 17.3% |
| Financial fixed assets28 | €80,594 | €80,594 | €80,594 | €80,510 | €80,510 | = |
| Current assets29/58 | €852,127 | €787,870 | €613,201 | €400,287 | €466,331 | ▲ 16.5% |
| Amounts receivable after more than one year29 | - | €54,000 | €54,000 | €45,000 | €45,000 | = |
| Other amounts receivable291 | - | €54,000 | €54,000 | €45,000 | €45,000 | = |
| Stocks and contracts in progress3 | €127,694 | €118,253 | €239,000 | €308,482 | €267,769 | ▼ 13.2% |
| Stocks30/36 | - | €118,253 | €239,000 | €308,482 | €267,769 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €602,575 | €589,024 | €315,701 | €24,550 | €148,454 | ▲ 505% |
| Trade receivables40 | - | €305,788 | €67,239 | €10,401 | €135,043 | ▲ 1,198% |
| Other amounts receivable41 | - | €283,235 | €248,462 | €14,149 | €13,412 | ▼ 5.2% |
| Cash at bank and in hand54/58 | €46,003 | €26,594 | €4,500 | €21,962 | €4,793 | ▼ 78.2% |
| Deferred charges and accrued income490/1 | - | - | - | €292 | €315 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €896,194 | €648,296 | €677,745 | ▲ 4.5% |
| Equity10/15 | €164,627 | €114,454 | -€74,898 | -€214,047 | -€359,884 | ▼ 68.1% |
| Contributions10/11 | - | €220,460 | €220,460 | €220,460 | €220,460 | = |
| Reserves13 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Profit (loss) carried forward14 | -€74,583 | -€124,756 | -€314,108 | -€453,257 | -€599,094 | ▼ 32.2% |
| Amounts payable17/49 | €1.0m | €993,607 | €971,093 | €862,343 | €1.0m | ▲ 20.3% |
| Amounts payable after more than one year17 | €170,532 | €124,998 | €89,058 | €18,114 | €4,018 | ▼ 77.8% |
| Financial debts170/4 | - | €124,998 | €89,058 | €18,114 | €4,018 | ▼ 77.8% |
| Amounts payable within one year42/48 | €877,309 | €868,609 | €882,034 | €844,230 | €1.0m | ▲ 22.4% |
| Current portion of amounts payable after more than one year42 | - | €51,892 | €35,158 | €18,242 | €14,877 | ▼ 18.4% |
| Financial debts43 | - | €247 | €9,035 | - | €17,134 | - |
| Credit institutions430/8 | - | €247 | €9,035 | - | €17,134 | - |
| Trade debts44 | €380,189 | €252,706 | €81,081 | €49,639 | €133,337 | ▲ 169% |
| Suppliers440/4 | - | €252,706 | €81,081 | €49,639 | €133,337 | ▲ 169% |
| Taxes, remuneration and social security45 | - | €56,377 | €57,170 | €25,499 | €62,861 | ▲ 147% |
| Taxes450/3 | - | €39,676 | €22,090 | €15,828 | €49,332 | ▲ 212% |
| Remuneration and social security454/9 | - | €16,701 | €35,080 | €9,671 | €13,530 | ▲ 39.9% |
| Other amounts payable47/48 | - | €507,388 | €699,591 | €750,849 | €805,401 | ▲ 7.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €781 | -€50,174 | -€189,352 | -€139,149 | -€145,672 | ▼ 4.7% |
| + Depreciation and write-downs630 | €45,618 | €42,911 | €38,007 | €38,664 | €36,595 | ▼ 5.4% |
| Operating cash flow (approximation) | €46,399 | -€7,263 | -€151,345 | -€100,485 | -€109,077 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€2,760 | -€809 | -€3,680 | €0 | ▲ 100% |
| Change in cash | - | -€19,410 | -€22,094 | €17,463 | -€17,170 | ▼ 198% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€189,352
Net result drops to -€189,352, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 158 days late
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 266 days late
2020
31-12
Financial
Back to profitnet €781
Net result €781 after 2 loss-making years.
2019
31-12
Financial
Equity above €150,000Eq €163,873 ▲205%
Equity rises from €53,665 to €163,873.
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 77 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Liège · 1 establishment unit since 2010
Ground area
301 m²
Building footprint
91 m²
Volume, LiDAR
1,386 m³
Parcel 62803A1101/00P000, Wallonia · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MILK
since 20102.202.741.524
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1101/00P000 | Wallonia | 301 m² | 1 · 90 m² | 16.6 m · 5 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 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,896 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
Founded02-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Contact
Website
www.milkshop.be
E-mail
info@milkshop.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830791736
Also
9925:BE0830791736
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.