MILTON
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year -€3,115
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 29-07-2025, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€8,628▼ 26.5%
2023 · €11,743
Total assets
€362,013▼ 8.6%
2023 · €396,161
Net result
-€3,115▲ 85.9%
2023 · -€22,072
Working capital
€18,943▼ 43.4%
2023 · €33,442
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result-€21,543--€3,026▲ 86.0%
Net result-€22,072--€3,115▲ 85.9%
Equity€11,743-€8,628▼ 26.5%
Total assets€396,161-€362,013▼ 8.6%
Debt€384,419-€353,385▼ 8.1%
Working capital€33,442-€18,943▼ 43.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,026 in 2024 against €21,543 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €362,013
Fixed assets
€341,575 ▲ 3.4%
Current assets
€20,439 ▼ 69.0%
Equity and liabilities €362,013
Equity
€8,628 ▼ 26.5%
Debt
€353,385 ▼ 8.1%
Debt's share of the balance-sheet total rises from 97.0% to 97.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,361▲
2023 · -€16,341
Cash flow
€2,272▲
2023 · -€16,870
Current ratio
13.67▲
2023 · 2.03
Debt to equity
40.96▲
2023 · 32.74
ROE
-36.1%▲
2023 · -188.0%
ROA
-0.9%▲
2023 · -5.6%
Interest coverage
26.67▲
2023 · -26.03
Debt ≤ 1 year
€1,496▼
2023 · €32,443
Debt > 1 year
€351,703=
2023 · €351,703
Staff costs
€371▼
2023 · €13,352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €126 | - |
| Remuneration, social security and pensions62 | €13,352 | €371 | ▼ 97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,202 | €5,387 | ▲ 3.6% |
| Other operating charges640/8 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | -€2,880 | €2,850 | ▲ 199% |
| Operating profit (loss)9901 | -€21,543 | -€3,026 | ▲ 86.0% |
| Financial income75/76B | €98 | - | - |
| Recurring financial income75 | €98 | - | - |
| Financial charges65/66B | €628 | €89 | ▼ 85.9% |
| Recurring financial charges65 | €628 | €89 | ▼ 85.9% |
| Profit (loss) for the period before taxes9903 | -€22,072 | -€3,115 | ▲ 85.9% |
| Profit (loss) for the period9904 | -€22,072 | -€3,115 | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | -€22,072 | -€3,115 | ▲ 85.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €396,161 | €362,013 | ▼ 8.6% |
| Fixed assets21/28 | €330,276 | €341,575 | ▲ 3.4% |
| Intangible fixed assets21 | €310,617 | €327,302 | ▲ 5.4% |
| Tangible fixed assets22/27 | €19,659 | €14,272 | ▼ 27.4% |
| Plant, machinery and equipment23 | €19,659 | €14,272 | ▼ 27.4% |
| Current assets29/58 | €65,885 | €20,439 | ▼ 69.0% |
| Amounts receivable after more than one year29 | - | €2,899 | - |
| Other amounts receivable291 | - | €2,899 | - |
| Amounts receivable within one year40/41 | €50,984 | €6,664 | ▼ 86.9% |
| Trade receivables40 | - | €6,664 | - |
| Other amounts receivable41 | €50,984 | - | - |
| Cash at bank and in hand54/58 | €14,853 | €9,907 | ▼ 33.3% |
| Deferred charges and accrued income490/1 | €47 | €968 | ▲ 1,951% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €396,161 | €362,013 | ▼ 8.6% |
| Equity10/15 | €11,743 | €8,628 | ▼ 26.5% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €6,743 | €6,743 | = |
| Distributable reserves133 | €6,743 | €6,743 | = |
| Profit (loss) carried forward14 | - | -€3,115 | - |
| Amounts payable17/49 | €384,419 | €353,385 | ▼ 8.1% |
| Amounts payable after more than one year17 | €351,703 | €351,703 | = |
| Financial debts170/4 | €351,703 | €351,703 | = |
| Amounts payable within one year42/48 | €32,443 | €1,496 | ▼ 95.4% |
| Trade debts44 | €827 | - | - |
| Suppliers440/4 | €827 | - | - |
| Taxes, remuneration and social security45 | €166 | €722 | ▲ 335% |
| Taxes450/3 | €40 | €722 | ▲ 1,708% |
| Remuneration and social security454/9 | €126 | - | - |
| Other amounts payable47/48 | €31,451 | €774 | ▼ 97.5% |
| Accrued charges and deferred income492/3 | €272 | €186 | ▼ 31.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€22,072 | -€3,115 | ▲ 85.9% |
| + Depreciation and write-downs630 | €5,202 | €5,387 | ▲ 3.6% |
| Operating cash flow (approximation) | -€16,870 | €2,272 | ▲ 113% |
| Investment in fixed assets (approximation) | - | -€16,685 | - |
| Change in cash | - | -€4,946 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 13.67
Current ratio from 2.03 to 13.67; short-term debt falls from €32,443 to €1,496.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 ownersOwners 2
-
15%
- Sourceaccounts PC14 202215%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.