Miltech Belgium
ActiveSummary
The computed 12-month bankruptcy probability of Miltech Belgium is 2.7% (moderate). The 2024 annual accounts show equity of €36k and a net result of €10k. Equity is shrinking by ~43.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 35% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+81
Solvency58▲+9
Growth32=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.2 in 2023; short-term debt: 57.6% and cash: 0% of total assets), but 66.8% of the assets are financed with debt.
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
33.2%
Return on assets
9.5%
Age of the figures
21 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 08-07-2025, 23 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
35 d early
2022
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 40.2%
2023 · €26k
2022: €68k
2023: €26k
2022 → 2024
Total assets
€109k▲ 0.1%
2023 · €109k
2022: €122k
2023: €109k
2022 → 2024
Net result
€10k
2023 · €-42k
2022: €63k
2023: €-42k
2022 → 2024
Working capital
€37k▲ 127%
2023 · €16k
2022: €62k
2023: €16k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€68k-€26k▼ 61.9%€36k▲ 40.2%
Operating result€80k-€-42k€11k
Net result€63k-€-42k€10k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €42k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109k
Fixed assets
€9k ▼ 4.6%
Current assets
€100k ▲ 0.5%
Equity and liabilities €109k
Equity
€36k ▲ 40.2%
Debt
€73k ▼ 12.4%
Debt's share of the balance-sheet total falls from 76.3% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2023 · €-40k
Cash flow
€13k▲
2023 · €-40k
Current ratio
1.59▲
2023 · 1.20
Quick ratio
1.52▲
2023 · 1.15
Debt to equity
2.01▼
2023 · 3.21
ROE
28.7%▲
2023 · -162.4%
ROA
9.5%▲
2023 · -38.5%
Interest coverage
7.98▲
2023 · -45.38
Debt ≤ 1 year
€63k▼
2023 · €83k
Debt > 1 year
€10k
Income taxes
€259
Staff costs
€155k▲
2023 · €93k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€109k€109k▲
Fixed assets21/28€9k€9k▼
Tangible fixed assets22/27€9k€9k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€7k€7k▲
Current assets29/58€100k€100k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€72k€89k▲
Trade receivables40€62k€82k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€16k€26▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€109k€109k▲
Equity10/15€26k€36k▲
Contributions10/11€5k€5k=
Reserves13€63k€31k▼
Distributable reserves133€63k€31k▼
Profit (loss) carried forward14€-42k€0▲
Amounts payable17/49€83k€73k▼
Amounts payable after more than one year17-€10k
Other amounts payable178/9-€10k
Amounts payable within one year42/48€83k€63k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€83k€48k▼
Suppliers440/4€83k€48k▼
Taxes, remuneration and social security45-€9k
Taxes450/3-€296
Remuneration and social security454/9-€9k
Income statement
Code20232024
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€93k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€0
Gross operating margin9900€55k€171k▲
Operating profit (loss)9901€-42k€11k▲
Financial income75/76B€976€2k▲
Recurring financial income75€103€2k▲
Non-recurring financial income76B€872-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€878€2k▲
Non-recurring financial charges66B€258-
Profit (loss) for the period before taxes9903€-42k€11k▲
Income taxes67/77-€259
Profit (loss) for the period9904€-42k€10k▲
Profit (loss) for the period to be appropriated9905€-42k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-32k▲
Profit (loss) brought forward from the previous period14P-€-42k
Transfer from equity791/2-€32k
Social balance
Average headcount (FTE)90871.4-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-42k ▼167%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lommel · 1 establishment unit since 2021
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.
Lodewijk De Raetstraat 533920 LommelGround area
2,826 m²
Building footprint
1,621 m²
Volume, LiDAR
8,607 m³
Parcel 72020C1399/00B011, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Miltech Belgium
since 20212.325.190.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1399/00B011 | Flanders | 2,826 m² | 1 · 1,621 m² | 6.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 123 EUR awarded · 123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 123 EUR | 123 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
28250Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
43221Plumbing work
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.