Millésime
ActiveSummary
The computed 12-month bankruptcy probability of Millésime is 12.0% (high). The 2024 annual accounts show equity of €9,325 and a net result of -€452. Equity is shrinking by about 9.4% per year across the filed financial years. Its solvency ranks better than 85% of 2,050 sector peers (NACE 10, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €9,325
- Loss
- -€452
- FORNIERI CarolineDirector
- FORNIERI KatiaDirector
Why 32raises riskFigures for financial year 2024 (filed 10-11-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 1 of the last 3 lateLiquidity: current ratio 5.70Show the evidence
Checked score
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro): better than 83% on solvency, 92% on liquidity, 21% on profitability and 32% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 5 accounts on average 40 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: FORNIERI Francesco (director)Appointments: FORNIERI Katia (director) and…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €993 in 2024 against €1,444 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90.0% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 12.0% 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 497,445 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% | 0.9% |
| 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 74.5% 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 3,440 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €788 | €568 | €604 | €220 | ▼ 63.6% |
| Gross operating margin9900 | -€2,352 | -€2,255 | -€836 | -€839 | -€773 | ▲ 7.9% |
| Operating profit (loss)9901 | -€3,058 | -€3,043 | -€1,403 | -€1,444 | -€993 | ▲ 31.2% |
| Financial income75/76B | - | - | €571 | €546 | €651 | ▲ 19.2% |
| Recurring financial income75 | - | - | €571 | €546 | €651 | ▲ 19.2% |
| Financial charges65/66B | - | €106 | €128 | €137 | €110 | ▼ 19.7% |
| Recurring financial charges65 | €22 | €106 | €128 | €137 | €110 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | -€3,080 | -€3,148 | -€960 | -€1,035 | -€452 | ▲ 56.3% |
| Profit (loss) for the period9904 | -€3,080 | -€3,148 | -€960 | -€1,035 | -€452 | ▲ 56.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,080 | -€3,148 | -€960 | -€1,035 | -€452 | ▲ 56.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,005 | €13,462 | €12,573 | €12,413 | €13,064 | ▲ 5.2% |
| Current assets29/58 | €16,005 | €13,462 | €12,573 | €12,413 | €13,064 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €2,000 | €10,000 | €10,571 | €12,413 | €13,064 | ▲ 5.2% |
| Other amounts receivable41 | - | €10,000 | €10,571 | €12,413 | €13,064 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €14,005 | €3,462 | €2,002 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,005 | €13,462 | €12,573 | €12,413 | €13,064 | ▲ 5.2% |
| Equity10/15 | €14,920 | €11,772 | €10,811 | €9,777 | €9,325 | ▼ 4.6% |
| Contributions10/11 | - | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Profit (loss) carried forward14 | -€3,080 | -€6,228 | -€7,189 | -€8,223 | -€8,675 | ▼ 5.5% |
| Amounts payable17/49 | €1,084 | €1,690 | €1,762 | €2,636 | €3,739 | ▲ 41.8% |
| Amounts payable within one year42/48 | €1,084 | €1,690 | €1,762 | €2,636 | €2,291 | ▼ 13.1% |
| Financial debts43 | - | - | - | €10 | €119 | ▲ 12× |
| Credit institutions430/8 | - | - | - | €10 | €119 | ▲ 12× |
| Trade debts44 | €726 | €1,332 | €568 | €1,407 | €953 | ▼ 32.3% |
| Suppliers440/4 | - | €1,332 | €568 | €1,407 | €733 | ▼ 47.9% |
| Bills of exchange payable441 | - | - | - | - | €220 | - |
| Other amounts payable47/48 | - | €358 | €1,194 | €1,219 | €1,219 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,448 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,080 | -€3,148 | -€960 | -€1,035 | -€452 | ▲ 56.3% |
| Operating cash flow (approximation) | -€3,080 | -€3,148 | -€960 | -€1,035 | -€452 | ▲ 56.3% |
| Change in cash | - | -€10,543 | -€1,460 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-10-2025 | 2025-00564739 |
| 31-12-2023 | full format | 09-07-2024 | 2024-00230955 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00402789 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20358085 |
| 31-12-2020 | micro format | 11-10-2021 | 2021-71800011 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FORNIERI Caroline |
|
| FORNIERI Katia |
|
| François FORNIERI |
|
Owners and capital
Capital and shareholders
- FORNIERI Francesco all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-10-2025 Converted to unavailable equity · €18,000
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-10
Gazette deed
Resignation: FORNIERI Francesco (director)Appointments: FORNIERI Katia (director) and FORNIERI Caroline (director) · Permanent representative: FORNIERI Katia · Shareholding16 facts ▸
- Director in office, FORNIERI Francesco (sole director)
- Shareholding, 22-10-2025
- Declaration, “registre des parts égaré, création d’un nouveau registre des parts” (deed in French)
- Name change, Millésime
- Registered-office move, 4000 Liège, La Batte, 22
- Other provision, “dispense de lecture du rapport, article 7:154 du Code des sociétés et associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible”, 18000 (deed in French)
- Capital
- Other provision, “modification de l'affectation du bénéfice, ajout d'un paragraphe pour prévoir la possibilité d'un acompte sur dividende” (deed in French)
- Amendment of the articles
- Director resignation, FORNIERI Francesco (director)
- +4 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62087A0746/00A000 | Wallonia | 2,588 m² | 1 · 485 m² | 7.6 m · 2 |
| 62810C0883/00A000 | Wallonia | 67 m² | 1 · 66 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La fabrication, la transformation, l’achat, la vente, l’importation, l’exportation, en gros ou au détail, de produits de confiserie…” (deed in French)
9 activities (deed in French)
- La fabrication, la transformation, l’achat, la vente, l’importation, l’exportation, en gros ou au détail, de produits de confiserie, chocolaterie, glacerie, boulangerie, pâtisserie, crêperie, ainsi que de tous produits alimentaires ou non alimentaires connexes (y compris paniers garnis, cadeaux d’entreprise et articles d’épicerie fine).
- Le commerce de toutes boissons, alcoolisées ou non, y compris vins, champagnes, spiritueux, et produits de terroir.
- L’exploitation, la gestion et le développement de tout établissement ou activité relevant de la petite restauration, des services de cuisine rapide, de la restauration à emporter ou sur place, de la vente ambulante, du catering/traiteur, des salons de thé, de dégustation, de consommation, des brasseries, snacks, hôtels, restaurants, ainsi que la mise à disposition de salles pour événements (réunions, séminaires, conférences, banquets, réceptions…).
- L’organisation d’événements, d’activités culturelles, touristiques et récréatives, y compris concerts, spectacles, soirées privées, dégustations, séminaires, foires, marchés et toute forme d’animation en lien avec les produits alimentaires ou viticoles.
- L’organisation et la dispense de formations, ateliers, cours ou stages dans le domaine de la gastronomie, de la restauration, de l’œnologie et, plus largement, dans le secteur Horeca, à destination de professionnels ou du grand public.
- L’acquisition, la gestion, l’administration, la location, la mise en valeur et l’exploitation de tous biens et droits immobiliers, bâtis ou non, en rapport direct ou indirect avec l’objet social.
- L’exercice de toutes prestations de services, y compris en tant qu’intermédiaire commercial, en rapport avec les activités ci-dessus.
- L’accomplissement de toutes opérations commerciales, industrielles, mobilières, immobilières ou financières, ainsi que la conclusion de tous contrats utiles à la réalisation ou au développement de l’ objet social.
- La prise d’intérêts ou de participations, sous quelque forme que ce soit, dans toutes entreprises ou sociétés ayant un objet similaire ou connexe.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Millésime
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut être transféré en tout endroit de la région de langue française de Belgique ou de la Région de Bruxelles-Capitale…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, organe d'administration” (deed in French)“Rémunération fixe ou proportionnelle, rémunération des administrateurs” (deed in French)“Organe d'administration détermine s'ils agissent seul ou conjointement, gestion journalière” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Papier ou dématérialisée, nominatives” (deed in French)“Indivisibilité des titres, droits exercés par l'usufruitier sauf disposition contraire” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Effet des cessions, inscription dans le registre des actions” (deed in French)“Cessions entre vifs à titre onéreux ou gratuit, volontaires ou forcées, en usufruit, nue-propriété ou pleine propriété, cession d'actions” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission, l'administrateur unique détermine librement les versements ultérieurs sur les actions non entièrement libérées” (deed in French)“Droit de préférence, 15” (deed in French)1 more provision on this in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Option de rachat d'actions propres, autorisation d'acquérir des actions propres” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Admission conditions, les droits afférents aux titres ne peuvent pas être suspendus” (deed in French)1 more provision on this in the deed
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Prorogation, ne n'annule pas les autres décisions prises sauf si l'assemblée générale en décide autrement” (deed in French)2 more provisions on this in the deed
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…” (deed in French)
- Remote participationWhether shareholders may take part in the meeting remotely.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, dissolution” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed