MILKBARN
ActiveSummary
MILKBARN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €637,865 and a net result of €156,997. Equity is growing by ~50.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+34
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 9.48 against 2.01 in 2023; short-term debt: 10.6% and cash: 7.1% of total assets), and 10.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.4%
Return on assets
22%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 d early
2024
7 d early
2023
19 d late
2022
10 d late
2021
2 d early
2020
23 d late
2019
95 d late
← 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 after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€637,865▲ 32.6%
2023 · €480,869
Total assets
€713,126▼ 25.6%
2023 · €959,005
Net result
€156,997▲ 87.6%
2023 · €83,693
Working capital
€637,865▲ 32.6%
2023 · €480,869
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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€3,685▼ 79.5%€51,925▲ 1,309%€425,594▲ 720%€112,055▼ 73.7%€210,109▲ 87.5%
Net result€3,234within the sector's middle half▼ 77.2%€41,502above the sector's middle half▲ 1,183%€318,231above the sector's middle half▲ 667%€83,693above the sector's middle half▼ 73.7%€156,997above the sector's middle half▲ 87.6%
Equity€37,443within the sector's middle half▲ 9.5%€78,945within the sector's middle half▲ 111%€397,175above the sector's middle half▲ 403%€480,869above the sector's middle half▲ 21.1%€637,865above the sector's middle half▲ 32.6%
Total assets€920,684above the sector's middle half▼ 7.7%€980,267above the sector's middle half▲ 6.5%€1.4mabove the sector's middle half▲ 42.5%€959,005above the sector's middle half▼ 31.4%€713,126above the sector's middle half▼ 25.6%
Debt€883,241▼ 8.3%€901,323▲ 2.0%€999,801▲ 10.9%€478,136▼ 52.2%€75,261▼ 84.3%
Working capital€37,443within the sector's middle half▼ 36.7%€86,813above the sector's middle half▲ 132%€397,175above the sector's middle half▲ 358%€480,869above the sector's middle half▲ 21.1%€637,865above the sector's middle half▲ 32.6%
Solvency4.1%within the sector's middle half▲ 0.6pp8.1%within the sector's middle half▲ 4.0pp28.4%within the sector's middle half▲ 20.4pp50.1%within the sector's middle half▲ 21.7pp89.4%above the sector's middle half▲ 39.3pp
Current ratio1.04within the sector's middle half▼ 0.021.10within the sector's middle half▲ 0.051.40within the sector's middle half▲ 0.302.01within the sector's middle half▲ 0.619.48above the sector's middle half▲ 7.47
Return on assets (ROA)0.4%within the sector's middle half▼ 1.1pp4.2%within the sector's middle half▲ 3.9pp22.8%above the sector's middle half▲ 18.5pp8.7%within the sector's middle half▼ 14.1pp22.0%above the sector's middle half▲ 13.3pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 88% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €713,126
Equity
€637,865 ▲ 32.6%
Debt
€75,261 ▼ 84.3%
Debt's share of the balance-sheet total falls from 49.9% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
4.67▲
2023 · 1.20
Debt to equity
0.12▼
2023 · 0.99
ROE
24.6%▲
2023 · 17.4%
Debt ≤ 1 year
€75,261▼
2023 · €478,136
Income taxes
€53,033▲
2023 · €28,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,781 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €2,881 | €1,027 | €1,380 | €1,809 | ▲ 31.2% |
| Gross operating margin9900 | €4,132 | €54,805 | €426,621 | €113,435 | €211,919 | ▲ 86.8% |
| Operating profit (loss)9901 | €3,685 | €51,925 | €425,594 | €112,055 | €210,109 | ▲ 87.5% |
| Financial income75/76B | - | €0 | - | €331 | €0 | ▼ 100% |
| Recurring financial income75 | €407 | €0 | - | €331 | €0 | ▼ 100% |
| Financial charges65/66B | - | €54 | €360 | €67 | €80 | ▲ 18.8% |
| Recurring financial charges65 | €56 | €54 | €360 | €67 | €80 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | €4,035 | €51,871 | €425,234 | €112,318 | €210,030 | ▲ 87.0% |
| Income taxes67/77 | €802 | €10,369 | €107,003 | €28,625 | €53,033 | ▲ 85.3% |
| Profit (loss) for the period9904 | €3,234 | €41,502 | €318,231 | €83,693 | €156,997 | ▲ 87.6% |
| Profit (loss) for the period to be appropriated9905 | €3,234 | €41,502 | €318,231 | €83,693 | €156,997 | ▲ 87.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €920,684 | €980,267 | €1.4m | €959,005 | €713,126 | ▼ 25.6% |
| Current assets29/58 | €920,684 | €980,267 | €1.4m | €959,005 | €713,126 | ▼ 25.6% |
| Stocks and contracts in progress3 | €425,720 | €429,580 | €416,750 | €386,890 | €361,530 | ▼ 6.6% |
| Stocks30/36 | - | €429,580 | €416,750 | €386,890 | €361,530 | ▼ 6.6% |
| Amounts receivable within one year40/41 | €473,964 | €535,815 | €873,423 | €529,865 | €300,839 | ▼ 43.2% |
| Trade receivables40 | - | €533,190 | €873,423 | €516,381 | €108,452 | ▼ 79.0% |
| Other amounts receivable41 | - | €2,625 | €0 | €13,484 | €192,387 | ▲ 1,327% |
| Cash at bank and in hand54/58 | €21,000 | €14,873 | €106,803 | €42,250 | €50,757 | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €920,684 | €980,267 | €1.4m | €959,005 | €713,126 | ▼ 25.6% |
| Equity10/15 | €37,443 | €78,945 | €397,175 | €480,869 | €637,865 | ▲ 32.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €710 | €710 | €710 | €460,869 | €617,865 | ▲ 34.1% |
| Non-distributable reserves130/1 | - | €710 | €710 | €0 | - | - |
| Reserves not available under the articles1311 | - | €710 | €710 | €0 | - | - |
| Distributable reserves133 | - | - | - | €460,869 | €617,865 | ▲ 34.1% |
| Profit (loss) carried forward14 | €16,732 | €58,234 | €376,465 | €0 | - | - |
| Amounts payable17/49 | €883,241 | €901,323 | €999,801 | €478,136 | €75,261 | ▼ 84.3% |
| Amounts payable within one year42/48 | €883,241 | €893,455 | €999,801 | €478,136 | €75,261 | ▼ 84.3% |
| Trade debts44 | €516,343 | €535,256 | €556,389 | €58,496 | €44,168 | ▼ 24.5% |
| Suppliers440/4 | - | €535,256 | €556,389 | €58,496 | €44,168 | ▼ 24.5% |
| Taxes, remuneration and social security45 | - | €3,369 | €88,621 | €13,717 | €16,689 | ▲ 21.7% |
| Taxes450/3 | - | €3,369 | €88,621 | €13,717 | €16,689 | ▲ 21.7% |
| Other amounts payable47/48 | - | €354,830 | €354,791 | €405,924 | €14,403 | ▼ 96.5% |
| Accrued charges and deferred income492/3 | - | €7,868 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,234 | €41,502 | €318,231 | €83,693 | €156,997 | ▲ 87.6% |
| Operating cash flow (approximation) | €3,234 | €41,502 | €318,231 | €83,693 | €156,997 | ▲ 87.6% |
| Change in cash | - | -€6,127 | €91,931 | -€64,554 | €8,507 | ▲ 113% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 9.48
Current ratio from 2.01 to 9.48; short-term debt falls from €478,136 to €75,261.
31-12
Financial
Equity above €500,000Eq €637,865 ▲32.6%
6 profitable years in a row build equity to €637,865.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2019net €318,231 ▲667%
Operating result €425,594, net result €318,231, both a record.
31-12
Financial
Equity above €200,000Eq €397,175 ▲403%
4 profitable years in a row build equity to €397,175.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €3,234 ▼77.2%
Net result drops to €3,234, the lowest in the series; recovery starts the following year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kasterlee · 1 establishment unit since 2019
Ground area
2,345 m²
Building footprint
293 m²
Volume, LiDAR
1,634 m³
Parcel 13017B0015/00Z000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MILKBARN
since 20192.285.373.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017B0015/00Z000 | Flanders | 2,345 m² | 1 · 293 m² | 9.5 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 1,188 companies in sector 77399 we hold annual accounts for 711. 492 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
Founded11-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720581128
Also
9925:BE0720581128
Registered
08-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.