MILLPLEDGE EUROPE
ActiveMILLPLEDGE EUROPE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-560k) and a net result of €67k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 749 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+76
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.45 in 2023; short-term debt: 149.2% and cash: 10.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
-49.2%
Return on assets
5.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 749 sector peers (2024).
NBB · sector comparisonPosition among 749 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
19 d late
2022
100 d late
2021
9 d late
2020
138 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-560k▲ 10.7%
2023 · €-628k
2018: €11k
2019: €2k
2020: €-17k
2021: €26k
2022: €-219k
2023: €-628k
2018 → 2024
Total assets
€1.14M▲ 37.4%
2023 · €830k
2018: €32k
2019: €24k
2020: €303k
2021: €1.10M
2022: €833k
2023: €830k
2018 → 2024
Net result
€67k
2023 · €-409k
2018: €-8k
2019: €-9k
2020: €-20k
2021: €43k
2022: €-308k
2023: €-409k
2018 → 2024
Working capital
€-827k▼ 3.2%
2023 · €-802k
2018: €-9k
2019: €-14k
2020: €36k
2021: €-15k
2022: €-362k
2023: €-802k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-17k-€26k€-219k€-628k▼ 187%€-560k▲ 10.7%
Operating result€-19k-€72k€-254k€-411k▼ 62.0%€70k
Net result€-20k-€43k€-308k€-409k▼ 32.7%€67k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €70k after a loss of €411k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€267k▲ 53.1%
Current assets
€874k▲ 33.3%
Key figures and ratios
EBITDA
€82k▲
2023 · €-382k
Cash flow
€80k▲
2023 · €-380k
Solvency
-49.2%▲
2023 · -75.7%
Current ratio
0.51▲
2023 · 0.45
Quick ratio
0.32▲
2023 · 0.25
Debt / equity
-3.03▼
2023 · -2.32
ROA
5.9%▲
2023 · -49.3%
Interest coverage
49.76▲
2023 · -272.13
Debt
€1.70M▲
2023 · €1.46M
Debt ≤ 1 year
€1.70M▲
2023 · €1.46M
Income taxes
€778▲
2023 · €532
Staff costs
€388k▲
2023 · €313k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€830k€1.14M▲
Fixed assets21/28€174k€267k▲
Intangible fixed assets21€140k€244k▲
Tangible fixed assets22/27€34k€23k▼
Plant, machinery and equipment23€34k€23k▼
Current assets29/58€655k€874k▲
Stocks and contracts in progress3€286k€332k▲
Stocks30/36€286k€332k▲
Amounts receivable within one year40/41€232k€417k▲
Trade receivables40€196k€390k▲
Other amounts receivable41€36k€27k▼
Cash at bank and in hand54/58€135k€119k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€830k€1.14M▲
Equity10/15€-628k€-560k▲
Contributions10/11€83k€83k=
Profit (loss) carried forward14€-710k€-643k▲
Amounts payable17/49€1.46M€1.70M▲
Amounts payable within one year42/48€1.46M€1.70M▲
Trade debts44€180k€145k▼
Suppliers440/4€180k€145k▼
Taxes, remuneration and social security45€73k€57k▼
Taxes450/3€9k€13k▲
Remuneration and social security454/9€64k€44k▼
Other amounts payable47/48€1.20M€1.50M▲
Income statement
Code20232024
Non-recurring operating income76A-€31k
Remuneration, social security and pensions62€313k€388k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€12k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€5k€4k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-62k€475k▲
Operating profit (loss)9901€-411k€70k▲
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-408k€68k▲
Income taxes67/77€532€778▲
Profit (loss) for the period9904€-409k€67k▲
Profit (loss) for the period to be appropriated9905€-409k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-710k€-643k▲
Profit (loss) brought forward from the previous period14P€-301k€-710k▼
Social balance
Average headcount (FTE)90875.55.4▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet €-409k
Net result drops to €-409k, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 100 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-12
Financial
Back to profitnet €43k
Net result €43k after 3 loss-making years.
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 138 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.16
Current ratio from 0.36 to 1.16.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Wingene · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Verrekijker 388750 WingeneGround area
1,740 m²
Building footprint
610 m²
Volume, LiDAR
2,838 m³
Parcel 37018F1180/00P000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Millpledge Europe
since 20172.264.493.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018F1180/00P000 | Flanders | 1,740 m² | 1 · 610 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWingene2.264.493.803
Wingene
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Of 3,793 companies in sector 96993 we hold annual accounts for 143. 107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2017
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.