Mils Group
ActiveMils Group has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.01M and a net result of €694k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 55% of 66 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency91▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.23 in 2023), and 47.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.2%
Return on assets
36%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
30 d early
2022
26 d early
2021
13 d early
2020
8 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.01M▲ 108%
2023 · €483k
2018: €381k
2019: €563k
2020: €724k
2021: €460k
2022: €479k
2023: €483k
2018 → 2024
Total assets
€1.93M▲ 71.3%
2023 · €1.12M
2018: €982k
2019: €1.08M
2020: €1.19M
2021: €2.02M
2022: €1.68M
2023: €1.12M
2018 → 2024
Net result
€694k▲ 41.8%
2023 · €490k
2018: €91k
2019: €182k
2020: €162k
2021: €736k
2022: €503k
2023: €490k
2018 → 2024
Working capital
€535k▲ 5.7%
2023 · €506k
2018: €-104k
2019: €81k
2020: €308k
2021: €396k
2022: €563k
2023: €506k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€724k-€460k▼ 36.5%€479k▲ 4.0%€483k▲ 1.0%€1.01M▲ 108%
Operating result€218k-€989k▲ 355%€677k▼ 31.6%€659k▼ 2.6%€917k▲ 39.1%
Net result€162k-€736k▲ 356%€503k▼ 31.6%€490k▼ 2.7%€694k▲ 41.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 39% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.93M
Fixed assets
€717k▲ 250%
Current assets
€1.21M▲ 31.5%
Equity and liabilities €1.93M
Equity
€1.01M▲ 108%
Provisions
€0▼ 100%
Debt
€920k▲ 43.7%
The debt ratio falls from 56.9% to 47.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.03M▲
2023 · €735k
Cash flow
€809k▲
2023 · €566k
Solvency
52.2%▲
2023 · 43.0%
Current ratio
1.79▼
2023 · 2.23
Quick ratio
1.79▼
2023 · 2.23
Debt / equity
0.91▼
2023 · 1.32
ROE
69.0%▼
2023 · 101.4%
ROA
36.0%▼
2023 · 43.6%
Interest coverage
255.49▲
2023 · 169.56
Debt
€920k▲
2023 · €640k
Debt ≤ 1 year
€674k▲
2023 · €413k
Debt > 1 year
€177k▼
2023 · €206k
Income taxes
€221k▲
2023 · €165k
Staff costs
€289k▼
2023 · €305k
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€1.12M€1.93M▲
Fixed assets21/28€205k€717k▲
Tangible fixed assets22/27€205k€717k▲
Land and buildings22€145k€143k▼
Plant, machinery and equipment23€29k€463k▲
Furniture and vehicles24€28k€102k▲
Other tangible fixed assets26€3k€9k▲
Financial fixed assets28€270€270=
Current assets29/58€919k€1.21M▲
Amounts receivable within one year40/41€612k€535k▼
Trade receivables40€516k€492k▼
Other amounts receivable41€96k€42k▼
Cash at bank and in hand54/58€100k€665k▲
Deferred charges and accrued income490/1€208k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.93M▲
Equity10/15€483k€1.01M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€420k€944k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€267€267=
Distributable reserves133€413k€937k▲
Profit (loss) carried forward14€0€0=
Investment grants15€2k€0▼
Provisions and deferred taxes16€739€0▼
Deferred taxes168€739€0▼
Amounts payable17/49€640k€920k▲
Amounts payable after more than one year17€206k€177k▼
Financial debts170/4€206k€177k▼
Amounts payable within one year42/48€413k€674k▲
Current portion of amounts payable after more than one year42€32k€32k▲
Trade debts44€311k€566k▲
Suppliers440/4€311k€566k▲
Taxes, remuneration and social security45€27k€32k▲
Taxes450/3€813€711▼
Remuneration and social security454/9€26k€31k▲
Other amounts payable47/48€43k€44k▲
Accrued charges and deferred income492/3€21k€70k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€305k€289k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€115k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€1.05M€1.33M▲
Operating profit (loss)9901€659k€917k▲
Financial income75/76B€166€2k▲
Recurring financial income75€166€2k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€655k€915k▲
Transfer from deferred taxes780€22€739▲
Income taxes67/77€165k€221k▲
Profit (loss) for the period9904€490k€694k▲
Profit (loss) for the period to be appropriated9905€490k€694k▲
Appropriation of the result
Profit (loss) to be appropriated9906€490k€694k▲
Transfer to equity691/2€5k€524k▲
To other reserves6921€5k€524k▲
Profit to be distributed694/7€485k€170k▼
Return on contributions (dividend)694€485k€170k▼
Social balance
Average headcount (FTE)90875.35.0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-03
State Gazette act
Capital & shares · Resignations & appointments · RestructuringGeneral meeting · Demerger · Real estate11 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring
General meeting · Demerger · Real estate11 facts ▸
- General meeting, 2025-12-22
- Demerger, 2025-12-22
- Real estate, Een eigendom, met aanhorigheden, op en met grond gestaan en gelegen te Tildonk, Kapelleweg, ten kadaster nog gekend onder nummer 7, actueel inzake huisnummering…
- Capital decrease, €6.583,3
- Capital increase, €6.109,92
- Capital, €61.500
- Director reappointment, OTHO Advisory (enige bestuurder)
- Permanent representative, OLYSLAEGERS Thomas Jozef Anna
- Power of attorney, RACINE
- One person declaration, artikel 2:8 §4 WVV
- Statutory amendment, Met uitzondering van de enige bestuurder die voor onbepaalde termijn wordt benoemd behoudens andersluidende beslissing bij diens benoeming, worden de bestuurder…
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲108%
7 profitable years in a row build equity to €1.01M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €736k ▲356%
Operating result €989k, net result €736k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €563k ▲47.7%
2 profitable years in a row build equity to €563k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 directors, no change since 2020
OTHO Advisory
CurrentEnige bestuurder · Public limited company · perm. rep.: OLYSLAEGERS Thomas Jozef Anna
22-12-2020
OTHO Advisory: Resigned as Director
22-12-2020
THIJS Christiane Josée Maria: Resigned as Director
06-06-2020
Mils Marc: Resigned as Director
06-06-2020
Schauvaerts Christiane: Resigned as Director
29-02-2020
Mils Carmen: Resigned as Director
30-06-2018
Mils Lars: Resigned as Director
Location & real-estate footprint
Registered office, Haacht · 1 establishment unit since 1997
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.
Kapelleweg(TIL) 3B3150 HaachtGround area
6,645 m²
Building footprint
799 m²
Volume, LiDAR
3,613 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MILS GROUP
since 19972.060.538.534
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24108B0395/00B000 | Flanders | 5,693 m² | 1 · 395 m² | 6.8 m · 2 fl. |
| 24108B0398/00D000 | Flanders | 951 m² | 1 · 405 m² | 4.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared corporate director
→
Acquisitions and mergers
1 transactionReceived a contribution from:MILS MOUNTING
Capital and shareholders
Capital increase of 6,109.92 EUR
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,545 EUR awarded · 2,707 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 0 EUR |
| 2024 | 1 | 2,173 EUR | 2,173 EUR |
| 2023 | 1 | 0 EUR | 372 EUR |
| 2022 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesMils Group NV#10424
Mils Group NV46458
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Of 1,551 companies in sector 02200 we hold annual accounts for 448. 288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-12-1992
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.