VM-Milktrans
ActiveThe computed 12-month bankruptcy probability of VM-Milktrans is 1.7% (moderate). The 2024 annual accounts show equity of €685k and a net result of €804k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 1846 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
75
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency54▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.42 in 2023), and 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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 2024Solvency, return and age of the figures
Solvency
29.6%
Return on assets
34.8%
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 08-05-2025, 84 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
84 d early
2023
22 d early
2022
25 d early
2021
23 d early
2020
35 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€685k▼ 3.5%
2023 · €710k
2018: €411k
2019: €495k
2020: €574k
2021: €653k
2022: €730k
2023: €710k
2018 → 2024
Total assets
€2.31M▲ 2.4%
2023 · €2.26M
2018: €864k
2019: €935k
2020: €1.70M
2021: €1.47M
2022: €2.72M
2023: €2.26M
2018 → 2024
Net result
€804k▼ 25.9%
2023 · €1.08M
2018: €393k
2019: €334k
2020: €574k
2021: €309k
2022: €1.22M
2023: €1.08M
2018 → 2024
Working capital
€605k▼ 7.0%
2023 · €650k
2018: €411k
2019: €492k
2020: €567k
2021: €631k
2022: €693k
2023: €650k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€574k-€653k▲ 13.8%€730k▲ 11.9%€710k▼ 2.8%€685k▼ 3.5%
Operating result€615k-€344k▼ 44.2%€1.25M▲ 263%€1.12M▼ 10.1%€836k▼ 25.4%
Net result€574k-€309k▼ 46.1%€1.22M▲ 294%€1.08M▼ 11.0%€804k▼ 25.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.31M
Fixed assets
€80k▲ 34.9%
Current assets
€2.23M▲ 1.5%
Equity and liabilities €2.31M
Equity
€685k▼ 3.5%
Debt
€1.63M▲ 5.0%
The debt ratio rises from 68.6% to 70.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€856k▼
2023 · €1.14M
Cash flow
€824k▼
2023 · €1.10M
Solvency
29.6%▼
2023 · 31.4%
Current ratio
1.37▼
2023 · 1.42
Quick ratio
1.37▼
2023 · 1.42
Debt / equity
2.38▲
2023 · 2.18
ROE
117.3%▼
2023 · 152.7%
ROA
34.8%▼
2023 · 48.0%
Interest coverage
105.91▲
2023 · 103.09
Debt
€1.63M▲
2023 · €1.55M
Debt ≤ 1 year
€1.63M▲
2023 · €1.55M
Income taxes
€31k▲
2023 · €30k
Staff costs
€1.64M▲
2023 · €1.35M
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€2.26M€2.31M▲
Fixed assets21/28€59k€80k▲
Tangible fixed assets22/27€59k€80k▲
Plant, machinery and equipment23€5k€28k▲
Furniture and vehicles24€20k€17k▼
Other tangible fixed assets26€35k€35k▼
Current assets29/58€2.20M€2.23M▲
Amounts receivable after more than one year29€198k€198k=
Other amounts receivable291€198k€198k=
Amounts receivable within one year40/41€939k€1.09M▲
Trade receivables40€779k€763k▼
Other amounts receivable41€160k€330k▲
Cash at bank and in hand54/58€1.05M€913k▼
Deferred charges and accrued income490/1€17k€29k▲
Equity and liabilities
Total equity and liabilities10/49€2.26M€2.31M▲
Equity10/15€710k€685k▼
Contributions10/11€19k€19k=
Reserves13€472k€447k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€472k€447k▼
Profit (loss) carried forward14€219k€219k=
Amounts payable17/49€1.55M€1.63M▲
Amounts payable within one year42/48€1.55M€1.63M▲
Trade debts44€387k€489k▲
Suppliers440/4€387k€489k▲
Taxes, remuneration and social security45€145k€204k▲
Taxes450/3€23k€8k▼
Remuneration and social security454/9€122k€197k▲
Other amounts payable47/48€1.02M€934k▼
Income statement
Code20232024
Non-recurring operating income76A-€491
Remuneration, social security and pensions62€1.35M€1.64M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-9k
Other operating charges640/8€11k€21k▲
Gross operating margin9900€2.50M€2.50M▲
Operating profit (loss)9901€1.12M€836k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€1.11M€834k▼
Income taxes67/77€30k€31k▲
Profit (loss) for the period9904€1.08M€804k▼
Profit (loss) for the period to be appropriated9905€1.08M€804k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.30M€1.02M▼
Profit (loss) brought forward from the previous period14P€218k€219k▲
Transfer from equity791/2€91k€83k▼
Transfer to equity691/2€69k€59k▼
To other reserves6921€69k€59k▼
Profit to be distributed694/7€1.10M€828k▼
Return on contributions (dividend)694€90k€83k▼
Directors or managers695€1.02M€745k▼
Social balance
Average headcount (FTE)908719.724.3▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.22M ▲294%
Operating result €1.25M, net result €1.22M, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €309k ▼46.1%
Net result drops to €309k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €574k ▲15.9%
3 profitable years in a row build equity to €574k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-03-2025
Resigned as Director
Location & real-estate footprint
Registered office, Ieper · 2 establishment units since 2015
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.
Galgestraat 118908 IeperGround area
5,002 m²
Building footprint
176 m²
Volume, LiDAR
815 m³
Parcel 33026A0533/00D000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VM-MILKTRANS BVBA
since 20152.242.272.784
LAR blok K 3, 8930 Menen
since 20232.340.456.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026A0533/00D000 | Flanders | 5,002 m² | 1 · 176 m² | 9.4 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
2022 to 2025 · 10 entries · 254,711 EUR awarded · 29,112 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,818 EUR | 5,818 EUR |
| 2024 | 3 | 236,910 EUR | 11,363 EUR |
| 2023 | 2 | 9,693 EUR | 9,698 EUR |
| 2022 | 2 | 2,290 EUR | 2,233 EUR |
Schemes
Ecologiepremie+
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.242.272.784
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BE 0430.725.629
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DELANNAY SAMUEL
BE 0697.654.286
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HANSBEEKS SNELVERVOER
BE 0433.813.395
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TORNADOTRANS
BE 0480.032.313
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TRANSPORTBEDRIJF BIESEMANS
BE 0423.481.412
Asse · Eq €686k
Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 4,708 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-05-2015
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.