MILLBECK
ActiveSummary
MILLBECK has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,090 and a net result of €10,267. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+94
Solvency63▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 5.23 against 2.52 in 2024; short-term debt: 16.8% and cash: 22.8% of total assets), but 61.8% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
20.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
61 d late
2023
48 d early
2022
57 d late
2021
41 d early
2020
23 d late
2019
24 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 6 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,090▲ 116%
2024 · €8,823
Total assets
€49,989▲ 62.8%
2024 · €30,708
Net result
€10,267
2024 · -€35,190
Working capital
€35,559▲ 170%
2024 · €13,193
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,659▼ 52.4%€10,961▼ 65.4%-€48,257-€33,421▲ 30.7%€12,328
Net result€22,782▼ 53.2%€6,759▼ 70.3%-€49,064-€35,190▲ 28.3%€10,267
Equity€110,319▲ 19.6%€93,077▼ 15.6%€44,013▼ 52.7%€8,823▼ 80.0%€19,090▲ 116%
Total assets€114,762▲ 4.5%€122,650▲ 6.9%€56,981▼ 53.5%€30,708▼ 46.1%€49,989▲ 62.8%
Debt€4,443▼ 74.8%€29,573▲ 566%€12,969▼ 56.1%€21,886▲ 68.8%€30,899▲ 41.2%
Working capital€87,507▲ 5.3%€75,618▼ 13.6%€30,468▼ 59.7%€13,193▼ 56.7%€35,559▲ 170%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12,328 after a loss of €33,421 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,989
Fixed assets
€6,029 ▼ 31.7%
Current assets
€43,960 ▲ 101%
Equity and liabilities €49,989
Equity
€19,090 ▲ 116%
Debt
€30,899 ▲ 41.2%
Debt's share of the balance-sheet total falls from 71.3% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,926▲
2024 · -€28,702
Cash flow
€13,865▲
2024 · -€30,471
Current ratio
5.23▲
2024 · 2.52
Debt to equity
1.62▼
2024 · 2.48
ROE
53.8%▲
2024 · -398.8%
ROA
20.5%▲
2024 · -114.6%
Interest coverage
9.01▲
2024 · -18.58
Debt ≤ 1 year
€8,401▼
2024 · €8,690
Income taxes
€292▼
2024 · €305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,652 | €7,990 | €5,732 | €4,719 | €3,598 | ▼ 23.8% |
| Other operating charges640/8 | €60 | €66 | €69 | €72 | €170 | ▲ 138% |
| Gross operating margin9900 | €36,371 | €19,017 | -€42,456 | -€28,631 | €16,096 | ▲ 156% |
| Operating profit (loss)9901 | €31,659 | €10,961 | -€48,257 | -€33,421 | €12,328 | ▲ 137% |
| Financial income75/76B | €589 | €1,511 | €919 | €81 | €0 | ▼ 100.0% |
| Recurring financial income75 | €589 | €1,511 | €919 | €81 | €0 | ▼ 100.0% |
| Financial charges65/66B | €1,265 | €1,340 | €1,418 | €1,545 | €1,768 | ▲ 14.5% |
| Recurring financial charges65 | €1,265 | €1,340 | €1,418 | €1,545 | €1,768 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €30,983 | €11,132 | -€48,756 | -€34,885 | €10,559 | ▲ 130% |
| Income taxes67/77 | €8,201 | €4,373 | €308 | €305 | €292 | ▼ 4.3% |
| Profit (loss) for the period9904 | €22,782 | €6,759 | -€49,064 | -€35,190 | €10,267 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €22,782 | €6,759 | -€49,064 | -€35,190 | €10,267 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,762 | €122,650 | €56,981 | €30,708 | €49,989 | ▲ 62.8% |
| Fixed assets21/28 | €22,812 | €17,459 | €13,545 | €8,826 | €6,029 | ▼ 31.7% |
| Tangible fixed assets22/27 | €20,207 | €14,854 | €10,940 | €6,221 | €3,424 | ▼ 45.0% |
| Furniture and vehicles24 | €16,448 | €11,870 | €8,730 | €4,786 | €2,764 | ▼ 42.3% |
| Other tangible fixed assets26 | €3,759 | €2,984 | €2,210 | €1,435 | €660 | ▼ 54.0% |
| Financial fixed assets28 | €2,605 | €2,605 | €2,605 | €2,605 | €2,605 | = |
| Current assets29/58 | €91,950 | €105,191 | €43,436 | €21,882 | €43,960 | ▲ 101% |
| Amounts receivable within one year40/41 | €53,947 | €46,047 | €18,276 | €21,000 | €32,442 | ▲ 54.5% |
| Trade receivables40 | €35,181 | €17,360 | €11,601 | €20,485 | €31,701 | ▲ 54.8% |
| Other amounts receivable41 | €18,766 | €28,686 | €6,675 | €515 | €742 | ▲ 43.9% |
| Cash at bank and in hand54/58 | €37,197 | €58,330 | €25,072 | €679 | €11,394 | ▲ 1,578% |
| Deferred charges and accrued income490/1 | €806 | €814 | €88 | €203 | €123 | ▼ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,762 | €122,650 | €56,981 | €30,708 | €49,989 | ▲ 62.8% |
| Equity10/15 | €110,319 | €93,077 | €44,013 | €8,823 | €19,090 | ▲ 116% |
| Contributions10/11 | €11,100 | €11,100 | €11,100 | €11,100 | €11,100 | = |
| Outside capital11 | €11,100 | - | - | - | - | - |
| Other1109/19 | €11,100 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €97,359 | €80,117 | €31,053 | -€4,137 | €6,130 | ▲ 248% |
| Amounts payable17/49 | €4,443 | €29,573 | €12,969 | €21,886 | €30,899 | ▲ 41.2% |
| Amounts payable within one year42/48 | €4,443 | €29,573 | €12,969 | €8,690 | €8,401 | ▼ 3.3% |
| Financial debts43 | - | - | - | €7,672 | €7,672 | = |
| Credit institutions430/8 | - | - | - | €7,672 | €7,672 | = |
| Trade debts44 | €2,177 | €161 | €9,040 | €737 | €435 | ▼ 41.0% |
| Suppliers440/4 | €2,177 | €161 | €9,040 | €737 | €435 | ▼ 41.0% |
| Taxes, remuneration and social security45 | €2,266 | €5,412 | €3,929 | €281 | €294 | ▲ 4.8% |
| Taxes450/3 | €2,266 | €5,412 | €3,929 | €281 | €294 | ▲ 4.8% |
| Other amounts payable47/48 | - | €24,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €13,196 | €22,498 | ▲ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,782 | €6,759 | -€49,064 | -€35,190 | €10,267 | ▲ 129% |
| + Depreciation and write-downs630 | €4,652 | €7,990 | €5,732 | €4,719 | €3,598 | ▼ 23.8% |
| Operating cash flow (approximation) | €27,434 | €14,748 | -€43,333 | -€30,471 | €13,865 | ▲ 146% |
| Investment in fixed assets (approximation) | - | -€2,637 | -€1,818 | €0 | -€801 | - |
| Change in cash | - | €21,133 | -€33,258 | -€24,394 | €10,715 | ▲ 144% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €10,267
Net result €10,267 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.23
Current ratio from 2.52 to 5.23; short-term debt falls from €8,690 to €8,401.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€49,064
Net result drops to -€49,064, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 20.69
Current ratio from 5.71 to 20.69; short-term debt falls from €17,660 to €4,443.
31-12
Financial
Equity above €100,000Eq €110,319 ▲19.6%
4 profitable years in a row build equity to €110,319.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €48,692 ▲44.4%
Operating result €66,527, net result €48,692, both a record.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 5.71
Current ratio from 1.92 to 5.71; short-term debt falls from €33,108 to €17,660.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2013
Ground area
778 m²
Building footprint
544 m²
Volume, LiDAR
10,471 m³
Parcel 21362B0249/00L010, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MILLBECK
since 20132.223.162.992
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0249/00L010 | Brussels | 778 m² | 1 · 544 m² | 22.6 m · 6 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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,660 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 (pre-2019)
Founded14-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
46190Agents in non-specialised wholesale trade
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
info@millbeck.beEtterbeek
Phone
+32498069437Etterbeek
Scores and ratios are computed by Checked and are not a credit decision.