Equity
-€43,373
Debts exceed assets in financial year 2024.
Millstone
Lifetime
5 annual accounts with figures on one time axispeak €60,468 (2021)
-€4,846
lowest -€49,066 (2019)
-€6,113
peak €4,161 (2018)
-€43,373
€50,088
Board1 name since 2018
1 director
Documentsfilings and deeds
26-01-2026179 days late
2024micro format
Loss of €6,113No annual accounts filed for 2022 and 2023
Key points
from the 2024 annual accountsDebts
€50,088 746% of the balance sheet
Suppliers 15%Taxes and wages 3%Other 82%
Filings
5 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,007 companies had the same profile as Millstone has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,007 companies, not a prediction for Millstone. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered office moved from Uccle to Louette-St-Denis
New registered office: Rue des Roches, 33 à 5575 Louette-St-Denis · Previous registered office: Chaussée de Waterloo, 1038 à 1180 Uccle · Board meeting of 13-11-2024 · Gazette deed
Registered office moved from Ixelles to Uccle
New registered office: chaussée de Waterloo 1038 à 1180 Uccle · Previous registered office: AvenueLouise 268 à 1050 Ixelles · Board meeting of 21-02-2020 · Gazette deed
Incorporation
Founding capital of €30,000, 30,000 shares · Founder: · Appointment: (manager) · published on 15-03-2018 · Gazette deed
First establishment
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Millstone Gedinne | €6,714 | -€4,846 | -646.0% | - |
| ORPIX Uccle | €6,817 | -€3,623 | -9.0% | - |
| PELTHEIDE Antwerp | €6,292 | €0 | 100.0% | - |
| ZENITH PROPERTIES Philippeville | €8,427 | -€22,910 | -973.6% | - |
| REALTY BELGIUM Uccle | €5,066 | -€3,039 | 1.9% | - |
| IMMO CASTELEYN Izegem | €10,021 | -€1,349 | 87.5% | - |
| MFirma Avelgem | €5,359 | €1,327 | 44.0% | - |
These companies have the same main activity as Millstone: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €5,070 and €10,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 13-03-2018Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Establishment unit
- 2.277.349.865since 13-03-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on Millstone
Millstone files the micro format. That format states no turnover. The gross margin rose from -€18,023 in 2018 to -€4,846 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Millstone
- What is the company number of Millstone?
- The company number of Millstone is 0692.513.088. The VAT number is the same number with BE in front: BE 0692.513.088.
- Where is Millstone based?
- The registered office is at Rue des Roches, L.-S.-D. 33, 5575 Gedinne.Company details
- What does Millstone do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of Millstone?
- Millstone is a private limited company (pre-2019) (BVBA).
- When was Millstone founded?
- Millstone was founded on 13-03-2018.
- Is Millstone still active?
- Yes, Millstone is an active enterprise in the KBO register.
- What is the turnover of Millstone?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is Millstone profitable?
- In financial year 2024, Millstone made a loss of €6,113.
- Where can I find the annual accounts of Millstone?
- Millstone filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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