MILHO
ActiveSummary
MILHO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €-14k. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
short-term debt: 0% and cash: 24.7% of total assets, and 0% 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
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 · 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
9 d early
2023
28 d early
2022
20 d early
2021
24 d early
2020
22 d early
2019
11 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 1.8%
2024 · €-14k
2018: €20k
2019: €67k
2020: €13k
2021: €18k
2022: €11k
2023: €-16k
2024: €-14k
2018 → 2025
Working capital
€192k▼ 6.7%
2024 · €206k
2018: €1.14M
2019: €455k
2020: €268k
2021: €229k
2022: €237k
2023: €220k
2024: €206k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€237k▲ 4.7%€220k▼ 6.9%€206k▼ 6.4%€192k▼ 6.7%
Operating result€24k-€10k▼ 56.7%€-20k€-18k▲ 12.8%€-16k▲ 7.9%
Net result€18k-€11k▼ 39.2%€-16k€-14k▲ 14.0%€-14k▲ 1.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €192k
Equity
€192k ▼ 6.7%
Debt
€36 ▼ 98.6%
Debt's share of the balance-sheet total falls from 1.2% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.01
ROE
-7.2%▼
2024 · -6.8%
ROA
-7.2%▼
2024 · -6.7%
Debt ≤ 1 year
€36▼
2024 · €3k
A ratio outside any meaningful range has been withheld (balance sheet total €192k, equity €192k).
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€209k€192k▼
Current assets29/58€209k€192k▼
Amounts receivable within one year40/41€147k€145k▼
Other amounts receivable41€147k€145k▼
Cash at bank and in hand54/58€61k€47k▼
Equity and liabilities
Total equity and liabilities10/49€209k€192k▼
Equity10/15€206k€192k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€0-
Profit (loss) carried forward14€-14k€-28k▼
Amounts payable17/49€3k€36▼
Amounts payable within one year42/48€3k€36▼
Trade debts44€3k€36▼
Suppliers440/4€3k€36▼
Accrued charges and deferred income492/3€58€0▼
Income statement
Code20242025
Other operating charges640/8€644€612▼
Gross operating margin9900€-17k€-16k▲
Operating profit (loss)9901€-18k€-16k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€497€446▼
Recurring financial charges65€497€446▼
Profit (loss) for the period before taxes9903€-14k€-14k▲
Profit (loss) for the period9904€-14k€-14k▲
Profit (loss) for the period to be appropriated9905€-14k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-28k▼
Profit (loss) brought forward from the previous period14P-€-14k
Transfer from equity791/2€242€0▼
Social balance
Average headcount (FTE)90870.00.0=
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 64current ratio 5305.83
Current ratio from 83.49 to 5305.83; short-term debt falls from €3k to €36.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-16k ▼254%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 56.92
Current ratio from 18.98 to 56.92; short-term debt falls from €13k to €4k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 5current ratio 18.98
Current ratio from 4.06 to 18.98; short-term debt falls from €75k to €13k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €67k ▲228%
Operating result €97k, net result €67k, both a record.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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
9 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, Torhout · 1 establishment unit since 2006
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.
Oude Gentweg 818820 TorhoutGround area
1.4 ha
Building footprint
6,894 m²
Volume, LiDAR
57,611 m³
Parcel 31522B0318/00P000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Milho
since 20062.151.431.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0318/00P000 | Flanders | 1.4 ha | 1 · 6,893 m² | 10.6 m · 3 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.
Similar companies · same sector, comparable size
IMMO-MAR
BE 0479.223.154
Houthalen-Helchteren · Eq €192,156
Lambertus Invest
BE 0670.631.769
Oostrozebeke · Eq €192,550
E.S.R. IMMO
BE 0843.334.628
Sprimont · Eq €192,612
LAGROBO
BE 0723.726.502
Zwevegem · Eq €192,632
BORDET OFFICE
BE 0885.818.450
Zaventem · Eq €192,069
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,341 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 formPublic limited company
Founded26-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.