The Old Mill
ActiveThe Old Mill has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €210k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+38
Solvency55▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.01 in 2024; short-term debt: 52.3% and cash: 0.9% of total assets), and 70.5% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.5%
Return on assets
4.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
16 d early
2023
on the day
2022
12 d early
2021
3 d early
2020
50 d early
2019
56 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.27M▲ 19.8%
2024 · €1.06M
2018: €767k
2019: €976k
2020: €1.14M
2021: €1.15M
2022: €1.15M
2023: €1.15M
2024: €1.06M
2018 → 2025
Total assets
€4.29M▲ 12.4%
2024 · €3.82M
2018: €2.13M
2019: €2.73M
2020: €2.84M
2021: €3.33M
2022: €3.23M
2023: €3.14M
2024: €3.82M
2018 → 2025
Net result
€210k
2024 · €-94k
2018: €12k
2019: €208k
2020: €168k
2021: €1k
2022: €7k
2023: €-1k
2024: €-94k
2018 → 2025
Working capital
€-1.55M▲ 28.6%
2024 · €-2.17M
2018: €-122k
2019: €71k
2020: €130k
2021: €-87k
2022: €-150k
2023: €-180k
2024: €-2.17M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.15M-€1.15M▲ 0.6%€1.15M▼ 0.1%€1.06M▼ 8.2%€1.27M▲ 19.8%
Operating result€17k-€45k▲ 167%€32k▼ 29.2%€-50k€375k
Net result€1k-€7k▲ 424%€-1k€-94k▼ 8,097%€210k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €375k after a loss of €50k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.29M
Fixed assets
€3.60M▼ 5.1%
Current assets
€694k▲ 2,379%
Equity and liabilities €4.29M
Equity
€1.27M▲ 19.8%
Provisions
€95k
Debt
€2.93M▲ 6.2%
The debt ratio falls from 72.3% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€460k▲
2024 · €113k
Cash flow
€295k▲
2024 · €69k
Solvency
29.5%▲
2024 · 27.7%
Current ratio
0.31▲
2024 · 0.01
Quick ratio
0.31▲
2024 · 0.01
Debt / equity
2.32▼
2024 · 2.61
ROE
16.6%▲
2024 · -8.9%
ROA
4.9%▲
2024 · -2.5%
Interest coverage
6.46▲
2024 · 2.55
Debt
€2.93M▲
2024 · €2.76M
Debt ≤ 1 year
€2.24M▲
2024 · €2.20M
Debt > 1 year
€689k▲
2024 · €564k
Income taxes
€0▼
2024 · €2
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.82M€4.29M▲
Fixed assets21/28€3.79M€3.60M▼
Tangible fixed assets22/27€3.79M€3.60M▼
Land and buildings22€3.79M€3.60M▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€418€0▼
Current assets29/58€28k€694k▲
Amounts receivable within one year40/41€3k€653k▲
Other amounts receivable41€3k€653k▲
Cash at bank and in hand54/58€24k€40k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.82M€4.29M▲
Equity10/15€1.06M€1.27M▲
Contributions10/11€756k€756k=
Reserves13€396k€669k▲
Tax-exempt reserves132-€284k
Distributable reserves133€396k€385k▼
Profit (loss) carried forward14€-95k€-158k▼
Provisions and deferred taxes16-€95k
Deferred taxes168-€95k
Amounts payable17/49€2.76M€2.93M▲
Amounts payable after more than one year17€564k€689k▲
Financial debts170/4€564k€689k▲
Amounts payable within one year42/48€2.20M€2.24M▲
Current portion of amounts payable after more than one year42€50k€58k▲
Trade debts44€3k€812▼
Suppliers440/4€3k€812▼
Taxes, remuneration and social security45€115€544▲
Taxes450/3€115€544▲
Other amounts payable47/48€2.15M€2.18M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€163k€85k▼
Other operating charges640/8€10k€12k▲
Gross operating margin9900€123k€472k▲
Operating profit (loss)9901€-50k€375k▲
Financial income75/76B€13€581▲
Recurring financial income75€13€581▲
Financial charges65/66B€44k€71k▲
Recurring financial charges65€44k€71k▲
Profit (loss) for the period before taxes9903€-94k€304k▲
Transfer from deferred taxes780-€876
Transfer to deferred taxes680-€95k
Income taxes67/77€2€0▼
Profit (loss) for the period9904€-94k€210k▲
Transfer from tax-exempt reserves789-€3k
Transfer to tax-exempt reserves689-€286k
Profit (loss) for the period to be appropriated9905€-94k€-74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-169k▼
Profit (loss) brought forward from the previous period14P€-1k€-95k▼
Transfer from equity791/2-€11k
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Restructuring · End & cessationGeneral meeting · Merger · Share issue21 facts ▸
State Gazette act
Restructuring · End & cessation
General meeting · Merger · Share issue21 facts ▸
- General meeting, 23/07/2026
- Merger, 23/07/2026
- Share issue, nieuwe gewone aandelen
- Share transfer, Van der Auwermeulen Bernard → The Old Mill
- Share transfer, Van der Auwermeulen Valentine → The Old Mill
- Share transfer, Van der Auwermeulen Marie → The Old Mill
- Share transfer, Van der Auwermeulen Julie → The Old Mill
- Share transfer, Van der Auwermeulen Bernard → The Old Mill
- Share transfer, Van der Auwermeulen Valentine → The Old Mill
- Share transfer, Van der Auwermeulen Marie → The Old Mill
- Share transfer, Van der Auwermeulen Julie → The Old Mill
- Accounting effect, 01/01/2026
- +9 further facts in this act
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €210k
Net result €210k after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.14M ▲17.2%
3 profitable years in a row build equity to €1.14M.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 9current ratio 1.31
Current ratio from 0.15 to 1.31.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2009
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.
Zomerlaan 299930 LievegemGround area
838 m²
Building footprint
307 m²
Volume, LiDAR
1,850 m³
Parcel 44080D1075/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Old Mill
since 20092.211.775.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080D1075/00G000 | Flanders | 838 m² | 1 · 307 m² | 8.9 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Acquisitions and mergers
1 transactionTook over:B Invest
Capital and shareholders
Transfer of 27 shares from Van der Auwermeulen Bernard to The Old Mill
Transfer of 9 shares from Van der Auwermeulen Valentine to The Old Mill
Transfer of 9 shares from Van der Auwermeulen Marie to The Old Mill
Transfer of 9 shares from Van der Auwermeulen Julie to The Old Mill
Transfer of 810 shares from Van der Auwermeulen Bernard to The Old Mill
Transfer of 270 shares from Van der Auwermeulen Valentine to The Old Mill
Transfer of 270 shares from Van der Auwermeulen Marie to The Old Mill
Transfer of 270 shares from Van der Auwermeulen Julie to The Old Mill
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,070 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2009
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.