Milaneau Group
ActiveSummary
Milaneau Group has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €35k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-8
Solvency37▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.51 in 2024; short-term debt: 77.7% and cash: 1.9% of total assets), and 88% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
12%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 14%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
29 d early
2023
20 d early
2022
18 d early
2021
17 d early
2020
52 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€181k▲ 23.9%
2024 · €146k
2018: €55k
2019: €57k
2020: €72k
2021: €90k
2022: €86k
2023: €75k
2024: €146k
2018 → 2025
Total assets
€1.51M▲ 85.7%
2024 · €814k
2018: €139k
2019: €153k
2020: €128k
2021: €242k
2022: €797k
2023: €637k
2024: €814k
2018 → 2025
Net result
€35k▼ 50.8%
2024 · €71k
2018: €6k
2019: €2k
2020: €14k
2021: €19k
2022: €3k
2023: €-11k
2024: €71k
2018 → 2025
Working capital
€157k▼ 22.8%
2024 · €203k
2018: €-67k
2019: €-68k
2020: €-51k
2021: €-23k
2022: €54k
2023: €25k
2024: €203k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90k-€86k▼ 5.2%€75k▼ 12.3%€146k▲ 94.5%€181k▲ 23.9%
Operating result€35k-€11k▼ 69.8%€14k▲ 31.1%€113k▲ 706%€72k▼ 36.3%
Net result€19k-€3k▼ 82.7%€-11k€71k€35k▼ 50.8%
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 falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€180k ▼ 14.7%
Current assets
€1.33M ▲ 121%
Equity and liabilities €1.51M
Equity
€181k ▲ 23.9%
Debt
€1.33M ▲ 99.3%
Debt's share of the balance-sheet total rises from 82.0% to 88.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▼
2024 · €181k
Cash flow
€102k▼
2024 · €139k
Current ratio
1.13▼
2024 · 1.51
Quick ratio
0.83▲
2024 · 0.76
Debt to equity
7.34▲
2024 · 4.56
ROE
19.3%▼
2024 · 48.6%
ROA
2.3%▼
2024 · 8.7%
Interest coverage
8.24▼
2024 · 12.30
Debt ≤ 1 year
€1.18M▲
2024 · €400k
Debt > 1 year
€94k▼
2024 · €205k
Income taxes
€20k▼
2024 · €27k
Staff costs
€467k▼
2024 · €468k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€814k€1.51M▲
Fixed assets21/28€211k€180k▼
Intangible fixed assets21€65k€49k▼
Tangible fixed assets22/27€146k€131k▼
Plant, machinery and equipment23€21k€21k▼
Furniture and vehicles24€85k€72k▼
Other tangible fixed assets26€40k€38k▼
Financial fixed assets28€150€150=
Current assets29/58€603k€1.33M▲
Stocks and contracts in progress3€300k€351k▲
Stocks30/36€234k€266k▲
Contracts in progress37€66k€85k▲
Amounts receivable within one year40/41€287k€909k▲
Trade receivables40€279k€880k▲
Other amounts receivable41€9k€29k▲
Cash at bank and in hand54/58€2k€28k▲
Deferred charges and accrued income490/1€13k€43k▲
Equity and liabilities
Total equity and liabilities10/49€814k€1.51M▲
Equity10/15€146k€181k▲
Contributions10/11€12k€12k=
Reserves13€134k€169k▲
Distributable reserves133€134k€169k▲
Amounts payable17/49€668k€1.33M▲
Amounts payable after more than one year17€205k€94k▼
Financial debts170/4€205k€94k▼
Amounts payable within one year42/48€400k€1.18M▲
Current portion of amounts payable after more than one year42€18k€311k▲
Trade debts44€93k€676k▲
Suppliers440/4€93k€676k▲
Advances received on contracts in progress46€160k€160k=
Taxes, remuneration and social security45€130k€29k▼
Taxes450/3€101k€5k▼
Remuneration and social security454/9€29k€24k▼
Accrued charges and deferred income492/3€62k€62k▼
Income statement
Code20242025
Non-recurring operating income76A€523€0▼
Remuneration, social security and pensions62€468k€467k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€67k▼
Other operating charges640/8€15k€8k▼
Non-recurring operating charges66A€0€390▲
Gross operating margin9900€664k€615k▼
Operating profit (loss)9901€113k€72k▼
Financial income75/76B€1€416▲
Recurring financial income75€1€416▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€98k€55k▼
Income taxes67/77€27k€20k▼
Profit (loss) for the period9904€71k€35k▼
Profit (loss) for the period to be appropriated9905€71k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€35k▼
Transfer from equity791/2€0-
Transfer to equity691/2€71k€35k▼
To other reserves6921€71k€35k▼
Social balance
Average headcount (FTE)90876.96.4▼
The notes to these accounts (25 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €181k ▲23.9%
2 profitable years in a row build equity to €181k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
31-12
Financial
Equity above €100kEq €146k ▲94.5%
Equity rises from €75k to €146k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼423%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2014
08-12
State Gazette act
Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Boom · 1 establishment unit since 2007
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.
Neteweg 112850 BoomGround area
3,504 m²
Building footprint
1,195 m²
Volume, LiDAR
7,024 m³
Parcel 11005A0039/00G002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Milaneau Group
since 20072.162.111.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005A0039/00G002 | Flanders | 3,504 m² | 1 · 1,195 m² | 6.9 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,295 EUR awarded · 1,295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 183 EUR | 425 EUR |
| 2024 | 1 | 242 EUR | 0 EUR |
| 2023 | 1 | 870 EUR | 870 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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CONCEPT-R
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Waremme · Eq €180,876
M.I.- construct
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Nijlen · Eq €181,664
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,940 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
Founded06-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
68122Development of non-residential building projects
42110Construction of roads and motorways
43320Joinery installation
46140Agents in the wholesale of industrial machinery, ships and aircraft
46630Wholesale trade
70200Business and other management consultancy
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.