MILLUX
Annual accounts 2025
abbreviated format, filed on 30-06-2026, 31 days before the deadline€245,037
▼ 74.8%
€83,318
▼ 88.3%
€2.1m
▲ 175%
€1.5m
▲ 146×
66.4%
▲ 9.3 percentage points
2.16
▲ 1.14
The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €320,000 and €510,000.
Balance sheet
balance sheet total €5.6m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
66.4%
Higher than 63% of 10,847 companies in 2025.
2.16
Higher than 60% of 10,470 companies in 2025.
38.3%
Higher than 92% of 10,717 companies in 2025.
MILLUX
Middle half of the sector
80% of the sector
Abbreviated accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€154,129
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
5.6m | 4.0m | 3.8m | 3.6m | 3.7m | 3.7m | 2.0m | 1.5m | 1.3m | 1.6m | 1.6m | 1.1m | 1.0m | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
21/28 |
2.8m | 3.0m | 3.1m | 3.0m | 3.1m | 3.2m | 1.5m | 1.2m | 1.2m | 1.3m | 1.3m | 849,433 | 907,104 | |
21 |
0 | 45,461 | 123,576 | 205,692 | 287,807 | 369,923 | 16,000 | 0 | 2,000 | 4,000 | 450 | 900 | 1,350 | |
22/27 |
985,879 | 1.0m | 1.1m | 859,265 | 924,240 | 974,587 | 969,815 | 719,555 | 722,152 | 793,365 | 802,800 | 848,483 | 905,704 | |
22 |
947,487 | 984,155 | 1.0m | 822,621 | 872,487 | 941,704 | 931,108 | 679,850 | 679,293 | 731,772 | 788,198 | 844,623 | 901,049 | |
23 |
- | - | 0 | 1,964 | 4,511 | 7,394 | 671 | 1,007 | 1,342 | 1,164 | 2,328 | 3,491 | 4,655 | |
24 |
38,393 | 60,518 | 21,209 | 34,680 | 47,242 | 25,489 | 38,036 | 38,698 | 41,516 | 60,429 | 12,274 | 369 | - | |
26 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
28 |
1.8m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 478,545 | 478,520 | 475,745 | 505,745 | 509,551 | 50 | 50 | |
29/58 |
2.8m | 940,891 | 708,332 | 572,149 | 580,193 | 450,051 | 567,011 | 257,434 | 146,016 | 267,433 | 254,592 | 265,599 | 137,219 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
40/41 |
544,865 | 487,954 | 346,883 | 470,206 | 251,638 | 243,383 | 144,594 | 165,542 | 121,983 | 139,617 | 64,465 | 204,262 | 104,217 | |
40 |
48,071 | 39,981 | 36,252 | 109,945 | 54,169 | 17,362 | 7,000 | 64,649 | 26,789 | 43,487 | 27,877 | 7,256 | 12,920 | |
41 |
496,794 | 447,973 | 310,631 | 360,262 | 197,469 | 226,021 | 137,594 | 100,894 | 95,194 | 96,130 | 36,588 | 197,007 | 91,297 | |
50/53 |
2.2m | 298,897 | - | - | - | - | - | 0 | - | - | - | - | - | |
54/58 |
29,449 | 128,952 | 345,460 | 79,049 | 313,882 | 203,097 | 404,004 | 86,277 | 18,202 | 120,569 | 180,073 | 54,089 | 30,710 | |
490/1 |
4,630 | 25,088 | 15,989 | 22,893 | 14,673 | 3,571 | 18,414 | 5,615 | 5,831 | 7,246 | 10,054 | 7,248 | 2,292 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
5.6m | 4.0m | 3.8m | 3.6m | 3.7m | 3.7m | 2.0m | 1.5m | 1.3m | 1.6m | 1.6m | 1.1m | 1.0m | |
10/15 |
3.7m | 2.3m | 1.9m | 1.3m | 1.1m | 1.1m | 731,180 | 345,953 | 234,699 | 233,704 | 185,883 | 192,113 | -21,886 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
13 |
3.6m | 2.2m | 1.8m | 1.2m | 958,519 | 911,082 | 642,500 | 251,623 | 134,741 | 125,331 | 69,146 | 66,384 | - | |
130/1 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | 0 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
132 |
1,932 | 1,932 | 1,932 | 1,932 | 1,932 | 1,932 | 10,503 | 10,263 | 9,381 | 8,571 | 7,386 | 4,624 | - | |
133 |
3.6m | 2.1m | 1.8m | 1.2m | 951,587 | 904,150 | 630,137 | 239,500 | 123,500 | 114,900 | 59,900 | 59,900 | - | |
14 |
21,452 | 21,452 | 21,452 | 21,452 | 21,452 | 21,452 | 356 | 356 | 296 | 214 | -46 | 108 | -28,086 | |
15 |
77,561 | 85,734 | 93,914 | 103,299 | 114,309 | 126,446 | 82,124 | 87,773 | 93,463 | 101,958 | 110,583 | 119,421 | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
16 |
- | - | - | - | 0 | 140 | - | 0 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
168 |
- | - | - | - | 0 | 140 | - | 0 | - | - | - | - | - | |
17/49 |
1.9m | 1.7m | 2.0m | 2.2m | 2.6m | 2.6m | 1.3m | 1.1m | 1.1m | 1.3m | 1.4m | 922,919 | 1.1m | |
17 |
593,530 | 774,263 | 954,155 | 1.1m | 1.3m | 1.9m | 530,524 | 488,702 | 564,139 | 670,650 | 744,512 | 530,833 | 577,778 | |
170/4 |
593,530 | 774,263 | 954,155 | 1.1m | 1.3m | 1.5m | 530,524 | 488,702 | 564,139 | 670,650 | 744,512 | 530,833 | 577,778 | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
178/9 |
- | - | - | - | 0 | 357,895 | - | 0 | - | - | - | - | - | |
42/48 |
1.3m | 930,684 | 997,650 | 1.1m | 1.2m | 706,632 | 761,167 | 618,432 | 547,075 | 659,289 | 636,973 | 392,044 | 488,431 | |
42 |
180,733 | 179,892 | 183,678 | 189,281 | 224,204 | 225,843 | 116,294 | 96,220 | 106,512 | 110,553 | 90,144 | 43,333 | 43,333 | |
43 |
- | - | - | - | 0 | 21,735 | 8,353 | 4,164 | 24,978 | - | 26,450 | - | - | |
430/8 |
- | - | - | - | 0 | 21,735 | 8,353 | 4,164 | 24,978 | - | 26,450 | - | - | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
44 |
4,517 | 14,650 | 12,378 | 7,564 | 8,788 | 20,173 | 1,248 | 87,133 | 22,920 | 4,939 | 18,995 | 13,720 | 13,356 | |
440/4 |
4,517 | 14,650 | 6,813 | 7,564 | 8,788 | 20,173 | 1,248 | 87,133 | 22,920 | 4,939 | 18,995 | 13,720 | 13,356 | |
441 |
- | 0 | 5,565 | - | - | - | - | 0 | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
45 |
288,485 | 139,832 | 103,205 | 51,422 | 67,463 | 91,344 | 64,994 | 52,341 | 27,584 | 45,450 | 25,784 | 39,285 | 1,147 | |
450/3 |
288,485 | 124,734 | 87,774 | 35,157 | 53,702 | 72,090 | 37,591 | 27,922 | 5,381 | 24,979 | 986 | 27,986 | 126 | |
454/9 |
0 | 15,098 | 15,431 | 16,265 | 13,760 | 19,254 | 27,403 | 24,419 | 22,203 | 20,471 | 24,797 | 11,299 | 1,021 | |
47/48 |
813,135 | 596,310 | 698,389 | 846,174 | 933,159 | 347,537 | 570,278 | 378,574 | 365,082 | 498,347 | 475,600 | 295,706 | 430,595 | |
492/3 |
1,759 | 3 | - | - | 0 | 9,000 | 8,500 | 2,421 | - | 6,900 | 25 | 42 | - | |
| Income statement | ||||||||||||||
76A |
0 | 2,878 | 127 | - | - | - | - | - | - | - | - | - | - | |
9900 |
245,037 | 970,591 | 1.0m | 415,766 | 463,711 | 480,404 | 407,259 | 366,209 | 253,208 | 357,594 | 232,758 | 239,842 | 72,711 | |
62 |
15,413 | 95,264 | 90,121 | 80,958 | 116,791 | 124,676 | 132,669 | 122,095 | 134,058 | 172,277 | 149,524 | 53,338 | 2,146 | |
630 |
136,334 | 164,326 | 163,120 | 172,687 | 174,295 | 124,858 | 87,501 | 60,716 | 81,952 | 80,920 | 64,233 | 58,224 | 79,683 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
640/8 |
9,972 | 1,450 | 2,400 | 10,585 | 13,136 | 11,968 | 13,342 | 864 | 3,193 | 12,743 | 8,465 | 9,963 | 6,866 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | 83 | - | - | - | |
9901 |
83,318 | 709,551 | 770,552 | 151,536 | 159,488 | 218,902 | 173,747 | 182,534 | 34,005 | 91,571 | 10,536 | 118,317 | -15,984 | |
75/76B |
2.5m | 351,266 | 218,561 | 215,589 | 34,136 | 228,696 | 308,819 | 5,926 | 10,099 | 25,215 | 9,550 | 21,256 | - | |
75 |
2.5m | 351,266 | 218,561 | 215,589 | 34,136 | 228,696 | 308,819 | 5,926 | 10,099 | 25,215 | 9,550 | 21,256 | - | |
76B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
65/66B |
146,663 | 11,326 | 41,281 | 44,504 | 32,064 | 26,961 | 30,336 | 23,558 | 30,502 | 35,362 | 16,947 | 18,541 | 12,099 | |
65 |
146,663 | 11,326 | 41,281 | 44,504 | 32,064 | 26,961 | 30,336 | 23,558 | 30,502 | 35,362 | 16,947 | 18,541 | 12,099 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
9903 |
2.4m | 1.0m | 947,833 | 322,621 | 161,560 | 420,637 | 452,231 | 164,902 | 13,602 | 81,424 | 3,139 | 121,032 | -28,083 | |
780 |
- | - | - | 0 | 140 | 184 | - | - | - | - | - | - | - | |
67/77 |
269,300 | 268,011 | 273,868 | 68,482 | 59,263 | 95,478 | 61,354 | 47,960 | 4,111 | 24,978 | 532 | 26,454 | 3 | |
9904 |
2.1m | 781,480 | 673,965 | 254,139 | 102,437 | 325,343 | 390,877 | 116,943 | 9,491 | 56,446 | 2,607 | 94,578 | -28,086 | |
789 |
- | - | - | - | 0 | 8,571 | - | 0 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 240 | 883 | 809 | 1,186 | 2,762 | 4,624 | - | |
9905 |
2.1m | 781,480 | 673,965 | 254,139 | 102,437 | 333,914 | 390,637 | 116,060 | 8,682 | 55,260 | -155 | 89,954 | -28,086 | |
| Appropriation of the result | ||||||||||||||
9906 |
2.2m | 802,933 | 695,417 | 275,591 | 123,889 | 355,366 | 390,993 | 116,356 | 8,896 | 55,214 | -46 | 61,868 | -28,086 | |
14P |
21,452 | 21,452 | 21,452 | 21,452 | 21,452 | 21,452 | - | - | - | - | - | - | - | |
791/2 |
690,489 | 390,637 | 116,000 | 8,600 | 55,000 | 59,900 | - | 0 | - | - | - | - | - | |
691/2 |
2.1m | 781,480 | 673,965 | 254,139 | 102,437 | 333,913 | 390,637 | 116,000 | 8,600 | 55,000 | - | 61,760 | - | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | - | 1,860 | - | |
6921 |
2.1m | 781,480 | 673,965 | 254,139 | 102,437 | 333,913 | 390,637 | 116,000 | 8,600 | 55,000 | - | 59,900 | - | |
694/7 |
690,489 | 390,637 | 116,000 | 8,600 | 55,000 | 59,900 | - | 0 | - | - | - | - | - | |
694 |
690,489 | 390,637 | 116,000 | 8,600 | 55,000 | 59,900 | - | 0 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
0.1 | 1 | 1 | 1 | 1.1 | 2 | 2 | 2 | 2.2 | 3 | 2.7 | 1 | 0.2 | |
Hours worked1013 |
274 | 1,762 | 1,746 | 1,748 | 1,804 | - | 3,232 | 3,392 | 3,586 | 5,265 | 4,646 | 1,762 | 288 | |
| Document | ||||||||||||||
The notes to these accounts have 27 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00221485 | |
| 31-12-2024 | full format | 25-06-2025 | 2025-00173902 | |
| 31-12-2023 | full format | 26-06-2024 | 2024-00164459 | |
| 31-12-2022 | full format | 05-07-2023 | 2023-00202501 | |
| 31-12-2021 | full format | 18-07-2022 | 2022-20194273 | |
| 31-12-2020 | full format | 09-07-2021 | 2021-34300188 | |
| 31-12-2019 | full format | 16-07-2020 | 2020-31900111 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-33600281 | |
| 31-12-2017 | full format | 12-07-2018 | 2018-33400540 | |
| 31-12-2016 | full format | 13-07-2017 | 2017-30300025 | |
| 31-12-2015 | full format | 20-07-2016 | 2016-33100353 | |
| 31-12-2014 | full format | 07-07-2015 | 2015-27100359 | |
| 31-12-2013 | full format | 13-08-2014 | 2014-42200008 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 219,652 | 873,877 | 933,672 | 324,223 | 333,783 | 343,760 | 261,249 | 243,250 | 115,957 | 172,491 | 74,769 | 176,541 | 63,699 | ||
| 2.3m | 945,806 | 837,084 | 426,826 | 276,732 | 450,201 | 478,378 | 177,658 | 91,443 | 137,366 | 66,840 | 152,801 | 51,597 | ||
| 64,983 | 71,146 | 295,046 | 86,807 | 54,965 | 2.5m | 353,836 | 96,354 | 16,207 | 93,471 | 536,740 | 553 | 986,787 | ||
| -99,502 | -216,508 | 266,411 | -234,832 | 110,785 | -200,907 | 317,727 | 68,074 | -102,367 | -59,504 | 125,985 | 23,378 | - | ||
| 1.5m | 10,207 | -289,318 | -522,293 | -653,421 | -256,581 | -194,156 | -360,998 | -401,059 | -391,856 | -382,381 | -126,445 | -351,212 | ||
| 66.4% | 57.1% | 49.1% | 37.4% | 30.1% | 29.1% | 36.0% | 23.8% | 17.4% | 14.9% | 11.9% | 17.2% | -2.1% | ||
| 2.16 | 1.01 | 0.71 | 0.52 | 0.47 | 0.64 | 0.74 | 0.42 | 0.27 | 0.41 | 0.40 | 0.68 | 0.28 | ||
| 0.51 | 0.75 | 1.04 | 1.67 | 2.33 | 2.44 | 1.78 | 3.21 | 4.73 | 5.72 | 7.43 | 4.80 | - | ||
| 57.8% | 34.5% | 35.8% | 19.0% | 9.3% | 30.5% | 53.5% | 33.8% | 4.0% | 24.2% | 1.4% | 49.2% | - | ||
| 38.3% | 19.7% | 17.6% | 7.1% | 2.8% | 8.9% | 19.2% | 8.0% | 0.7% | 3.6% | 0.2% | 8.5% | -2.7% | ||
| 1.50 | 77.15 | 22.62 | 7.29 | 10.41 | 12.75 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 | 1 |
| full-time | - | 1 | 1 | 1 | 1 |
| part-time | - | 0 | 0 | 0 | 0 |
| in full-time equivalents | - | 1 | 1 | 1 | 1 |
| 0.1 | 1 | 1 | 1 | 1.1 | |
| On a permanent contract | - | 1 | 1 | 1 | 1 |
| Joined | 0 | - | - | - | 0 |
| Left | 1 | - | - | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €270,832 |
| Mortgages, amount registered | €715,000 | €715,000 | €715,000 | €715,000 | €715,000 |
| Carrying value of the mortgaged assets | €611,402 | €645,027 | €705,726 | €753,073 | €801,556 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,983 | €61,146 | €291,476 | €25,597 | €54,965 |
| Financial fixed assets | €23,000 | €10,000 | €3,570 | €61,210 | - |
| €136,334 | €164,326 | €163,120 | €172,687 | €174,295 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MILLUX
The operating result for 2025 is 88% lower than in 2024 and the lowest since 2017. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 42.9% to 33.6%. Equity and debt are higher.
Large changes and their cause
- 2025 Net result +175% on 2024. The accounts now follow the abbreviated format, last year the full format.