MILOT Construct
ActiveSummary
MILOT Construct has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,803 and a net result of -€24,957. Equity has been growing by about 9.2% per year since 2018. Its solvency ranks better than 80% of 9,394 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-09-2010 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2022
- Establishment unit
- 2.199.599.912 1040 Etterbeek, since 22-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €121,365
- ▼ 31.3%
- Turnover
- ≈ €400,000
- estimated
- Loss
- €24,957
- Equity
- €149,803
- ▼ 14.3%
- Total assets
- €208,561
- ▼ 20.8%
- Employees on 31-12-2025
- 3
- =
- 2025 accounts filed 51 days after the deadline
Score breakdownraises riskLast filed accounts filed 51 days late; 1 of the last 3 accounts lateLoss of €24,957 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 2.62, cash €127,957Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 81% of them on solvency, 90% on liquidity, 11% on profitability and 22% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 51 days after the deadline Filed on 20 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517111.
Annual accounts 2025 filed on 20-09-2026 at the NBB all 15 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €23,660, after a profit of €50,402 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 3 | 3 | 3 |
| full-time | 4 | 4 | 3 | 3 | 3 |
| in full-time equivalents | 4 | 4 | 3 | 3 | 3 |
| Average over the year, in full-time equivalents | 3.9 | 4 | 3.2 | 3.2 | 3.2 |
| On a permanent contract | 4 | 4 | 3 | 3 | 3 |
| Joined | 1 | - | 1 | 1 | 1 |
| Left | 0 | - | 2 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €97,662 | - | - | €1,942 | - |
| Financial fixed assets | - | €74 | €243 | - | - |
| Depreciation and write-downs of the year | €13,538 | €22,249 | €14,949 | €15,363 | €10,756 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as MILOT Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €192,000 and €244,000, founded between 2009 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| MILOT Construct Etterbeek | 2010 | €208,561 | €149,803 | €121,365 | -€24,957 | 2025 |
| L.E. CONSTRUCT Ukkel | 2012 | €243,850 | €60,832 | €121,585 | €15,462 | 2025 |
| KDC BOUWWERKEN Maarkedal | 2011 | €200,461 | €149,874 | €116,015 | €44,110 | 2025 |
| DEMEERSSEMAN NOËL Roeselare | 2009 | €207,819 | €92,048 | €116,740 | €3,748 | 2025 |
| ALGEMENE BOUWONDERNEMING DE BRABANTER Roosdaal | 2011 | €206,249 | €135,357 | €117,469 | €10,232 | 2025 |
| IFRIM RENOVATIEWERKEN Wommelgem | 2011 | €192,184 | €23,220 | €134,384 | €378 | 2025 |
| AGR-Group Beringen | 2011 | €203,288 | €88,776 | €112,088 | €29,700 | 2025 |
They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 4,805 companies had the same profile as MILOT Construct has now. Two years later, 2.0% had gone bankrupt and 88.2% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MILOT Construct itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 companies, not a prediction for MILOT Construct. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €15,638 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €150,461 | €157,335 | €113,115 | €110,467 | €131,293 | ▲ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,125 | €8,431 | €8,232 | €13,538 | €22,249 | €14,949 | €15,363 | €10,756 | ▼ 30.0% |
| Other operating charges640/8 | - | - | - | €862 | €574 | €1,356 | €499 | €1,166 | ▲ 134% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €1,810 | - |
| Gross operating margin9900 | €180,963 | €180,877 | €179,123 | €210,185 | €176,197 | €162,841 | €176,731 | €121,365 | ▼ 31.3% |
| Operating profit (loss)9901 | €41,869 | €48,687 | €63,698 | €45,324 | -€3,960 | €33,422 | €50,402 | -€23,660 | - |
| Financial income75/76B | - | - | - | €4,452 | €4,815 | €4,822 | €642 | €29 | ▼ 95.4% |
| Recurring financial income75 | €1,110 | €1,747 | €4,522 | €4,452 | €4,815 | €4,822 | €642 | €29 | ▼ 95.4% |
| Financial charges65/66B | - | - | - | €10,404 | €9,281 | €5,801 | €1,035 | €1,327 | ▲ 28.1% |
| Recurring financial charges65 | €8,538 | €9,947 | €10,897 | €10,404 | €9,281 | €5,801 | €1,035 | €1,327 | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | €34,441 | €40,488 | €57,323 | €39,373 | -€8,427 | €32,443 | €50,009 | -€24,957 | - |
| Income taxes67/77 | €9,411 | €11,229 | €15,635 | €6,453 | - | €7,583 | €13,696 | - | - |
| Profit (loss) for the period9904 | €25,030 | €29,259 | €41,687 | €32,921 | -€8,427 | €24,861 | €36,313 | -€24,957 | - |
| Profit (loss) for the period to be appropriated9905 | €25,030 | €29,259 | €41,687 | €32,921 | -€8,427 | €24,861 | €36,313 | -€24,957 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €125,582 | €139,250 | €180,768 | €341,954 | €289,991 | €260,000 | €263,363 | €208,561 | ▼ 20.8% |
| Fixed assets21/28 | €45,161 | €37,929 | €52,465 | €136,590 | €114,416 | €85,710 | €72,154 | €57,108 | ▼ 20.9% |
| Tangible fixed assets22/27 | €45,026 | €37,794 | €52,330 | €136,455 | €114,206 | €85,258 | €71,836 | €56,791 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | - | €5,107 | €3,591 | €2,374 | €2,022 | €886 | ▼ 56.2% |
| Furniture and vehicles24 | - | - | - | €38,554 | €27,132 | €8,710 | €4,951 | €351 | ▼ 92.9% |
| Leasing and similar rights25 | - | - | - | €92,794 | €83,484 | €74,174 | €64,864 | €55,554 | ▼ 14.4% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €209 | €452 | €317 | €317 | = |
| Current assets29/58 | €80,421 | €101,320 | €128,303 | €205,364 | €175,576 | €174,289 | €191,210 | €151,453 | ▼ 20.8% |
| Stocks and contracts in progress3 | €2,032 | €2,056 | €4,622 | €12,433 | €17,258 | - | - | - | - |
| Stocks30/36 | - | - | - | €8,940 | €9,497 | - | - | - | - |
| Contracts in progress37 | - | - | - | €3,492 | €7,760 | - | - | - | - |
| Amounts receivable within one year40/41 | €43,616 | €25,435 | €23,799 | €32,071 | €83,688 | €43,078 | €19,964 | €15,999 | ▼ 19.9% |
| Trade receivables40 | - | - | - | €8,128 | €47,044 | €27,000 | €2,396 | €2,500 | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | €23,943 | €36,643 | €16,078 | €17,568 | €13,499 | ▼ 23.2% |
| Cash at bank and in hand54/58 | €33,989 | €65,984 | €90,212 | €159,246 | €72,935 | €118,208 | €159,876 | €127,957 | ▼ 20.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,614 | €1,696 | €13,003 | €11,369 | €7,496 | ▼ 34.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €125,582 | €139,250 | €180,768 | €341,954 | €289,991 | €260,000 | €263,363 | €208,561 | ▼ 20.8% |
| Equity10/15 | €53,847 | €83,106 | €124,793 | €157,714 | €149,287 | €138,447 | €174,761 | €149,803 | ▼ 14.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €37,560 | €66,560 | €107,560 | €140,460 | €140,460 | €129,560 | €165,860 | €165,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €138,600 | €138,600 | €129,560 | €165,860 | €165,860 | = |
| Profit (loss) carried forward14 | €10,087 | €10,346 | €11,033 | €11,054 | €2,627 | €2,687 | €2,701 | -€22,257 | - |
| Amounts payable17/49 | €71,735 | €56,144 | €55,975 | €184,240 | €140,704 | €121,552 | €88,603 | €58,758 | ▼ 33.7% |
| Amounts payable after more than one year17 | €11,740 | - | €14,873 | €80,871 | €54,939 | €36,304 | €17,460 | - | - |
| Financial debts170/4 | - | - | - | €80,871 | €54,939 | €36,304 | €17,460 | - | - |
| Amounts payable within one year42/48 | €58,315 | €53,624 | €38,583 | €100,814 | €82,813 | €85,235 | €71,143 | €57,874 | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,101 | €25,932 | €18,635 | €18,844 | €17,460 | ▼ 7.3% |
| Trade debts44 | €21,252 | €17,543 | €9,183 | €50,750 | €40,418 | €19,557 | €18,241 | €17,929 | ▼ 1.7% |
| Suppliers440/4 | - | - | - | €50,750 | €40,418 | €19,557 | €18,241 | €17,929 | ▼ 1.7% |
| Taxes, remuneration and social security45 | - | - | - | €17,863 | €11,352 | €3,606 | €23,333 | €15,763 | ▼ 32.4% |
| Taxes450/3 | - | - | - | €2,065 | €2,041 | €2,214 | €12,013 | €7,700 | ▼ 35.9% |
| Remuneration and social security454/9 | - | - | - | €15,798 | €9,311 | €1,392 | €11,319 | €8,063 | ▼ 28.8% |
| Other amounts payable47/48 | - | - | - | €5,100 | €5,112 | €43,437 | €10,725 | €6,723 | ▼ 37.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,555 | €2,952 | €13 | - | €883 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,030 | €29,259 | €41,687 | €32,921 | -€8,427 | €24,861 | €36,313 | -€24,957 | - |
| + Depreciation and write-downs630 | €8,125 | €8,431 | €8,232 | €13,538 | €22,249 | €14,949 | €15,363 | €10,756 | ▼ 30.0% |
| Operating cash flow (approximation) | €33,155 | €37,690 | €49,919 | €46,458 | €13,822 | €39,809 | €51,677 | -€14,201 | - |
| Investment in fixed assets (approximation) | - | -€1,200 | -€22,768 | -€97,662 | -€74 | €13,757 | -€1,807 | €4,289 | - |
| Change in cash | - | €31,995 | €24,228 | €69,033 | -€86,311 | €45,273 | €41,669 | -€31,919 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-09-2026 | 2026-00517111 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00448367 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00421124 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00373575 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20109390 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61900178 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20500030 | |
| 31-12-2018 | micro format | 03-07-2019 | 2019-28400222 | |
| 31-12-2017 | micro format | 26-06-2018 | 2018-22700314 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-26900383 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Converted to unavailable equity · €8,060
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arslani Mirzan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Rémunération administrateurs, assemblée générale décide si mandat exercé gratuitement”
Articles of association, deed of 20-12-2023 (in French)
Network & group
MILOT Construct shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MILOT Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-12
Gazette deed
Change of role: Arslani Mirzan, from manager to directorCapital conversion · Reserve release · Purpose change14 points ▸
- General meeting, 12-12-2023
- Other provision, “adaptation statuts CSA et maintien SRL, adapter les statuts aux dispositions du Code des sociétés et des associations et conserver la forme légale de société à…” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “conformément aux formes et majorités de la modification des statuts, suppression compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “information procédure distribution double test, conseillé de faire appel à un professionnel du chiffre pour réaliser ce double test” (deed in French)
- Other provision, “rapport spécial organe de gestion sur proposition modification objet social” (deed in French)
- Purpose change
- Amendment of the articles
- Capital contribution
- Director resignation, Arslani Mirzan (manager)
- Director appointment, Arslani Mirzan (director (not named in the articles))
- Other provision, “décharge aux gérants démissionnaires, prochaine assemblée générale annuelle décidera” (deed in French)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
14 activities
- La réalisation de tous travaux de couverture et de charpenterie
- Tous travaux d’étanchéité de bâtiments,d’isolation thermique et acoustique
- Tous travaux de menuiserie intérieure et extérieure en bois,PVC,acier,aluminium ou autres matériaux
- Les travaux de bardage de bâtiment
- La fabrication et la pose de revêtements de sol et de murs,faux-plafonds,cloisons,escaliers,volets,éléments de ferronnerie…
- Les travaux de terrassement et d’égouttage,d’asphaltage,de bétonnage et revêtements de toute nature
- Les travaux de nettoyage,plafonnage,ravalement,restauration de façade,rejointoyage
- Les travaux de placement d’échafaudages ainsi que leur vente et leur location
- L’étude et la réalisation de tous travaux de construction,publics et privés,en qualité d’entrepreneur général ou en sous-traitance,la conception et la construction de tous bâtiments et édifices,l’étude et la réalisation de décorations tant intérieures qu’extérieures
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment et notamment le placement,la réparation et le remplacement de toitures ainsi que les travaux de plafonnage
- La prestation de conseils et d’assistance tant au point de vue technique qu’administratif et commercial à toutes sociétés et entreprises,pour tout ce qui concerne le secteur des biens immobiliers
- L’acquisition de tous terrains,la construction de tous bâtiments publics et particuliers,l’achat,la vente,la location,la division et le lotissement de tous immeubles
- L’achat,la vente,la location,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et bâtiments
- La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0828.915.478
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0404/00T011 | Brussels | 154 m² | 1 · 94 m² | 15.2 m · 4 |