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Milloen

Active
Private limited companyfounded 198442 yrs activeHeistseweg 8, 2221 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0425.504.356
Summary

Milloen has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €129k and a net result of €7k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability74▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.96 against 4.43 in 2023; short-term debt: 15.8% and cash: 49.9% of total assets), and 15.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
26 d early
2022
33 d early
2021
33 d early
2020
31 d early
2019
38 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 February 1984, Milloen was incorporated.1 Total assets went from EUR 153,049 in 2018 to EUR 153,263 in 2024 and headcount from 3.7 to 2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Financials · fiscal year 2024, micro schema

Equity
€129k▲ 5.3%
2023 · €122k
Total assets
€153k▲ 3.8%
2023 · €148k
Net result
€7k▼ 31.7%
2023 · €10k
Working capital
€72k▼ 16.7%
2023 · €86k
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
Line20202021202220232024
Operating result€11k▼ 31.9%€2k▼ 79.5%€3k▲ 16.7%€12k▲ 373%€9k▼ 25.9%
Net result€7k▼ 40.4%€17▼ 99.7%€493▲ 2,749%€10k▲ 1,836%€7k▼ 31.7%
Equity€112k▲ 6.3%€112k=€113k▲ 0.4%€122k▲ 8.5%€129k▲ 5.3%
Total assets€157k▼ 2.6%€158k▲ 0.6%€139k▼ 12.4%€148k▲ 6.4%€153k▲ 3.8%
Debt€45k▼ 19.4%€46k▲ 2.2%€26k▼ 43.7%€25k▼ 2.6%€24k▼ 3.7%
Working capital€75k▲ 28.8%€75k▼ 0.1%€77k▲ 2.9%€86k▲ 12.5%€72k▼ 16.7%
Staff (FTE)3.4▼ 8.1%2.8▼ 17.6%2.1▼ 25.0%2▼ 4.8%2=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5k€10kOperating result 2020: €11k€11kNet result 2020: €7k€7kOperating result 2021: €2k€2kNet result 2021: €17€17Operating result 2022: €3k€3kNet result 2022: €493€493Operating result 2023: €12k€12kNet result 2023: €10k€10kOperating result 2024: €9k€9kNet result 2024: €7k€7k20202021202220232024€0€5k€10kOperating result 2022: €3k€2.6kNet result 2022: €493€493Operating result 2023: €12k€12kNet result 2023: €10k€9.5kOperating result 2024: €9k€9.1kNet result 2024: €7k€6.5k202220232024
The operating result falls in 2024; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153k
Fixed assets €57k ▲ 58.1%
Current assets €96k ▼ 13.8%
Equity and liabilities €153k
Equity €129k ▲ 5.3%
Debt €24k ▼ 3.7%
Debt's share of the balance-sheet total falls from 17.1% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€22k▼
2023 · €26k
Cash flow
€20k▼
2023 · €23k
Current ratio
3.96▼
2023 · 4.43
Quick ratio
3.64▼
2023 · 4.05
Debt to equity
0.19▼
2023 · 0.21
ROE
5.1%▼
2023 · 7.8%
ROA
4.3%▼
2023 · 6.5%
Interest coverage
15.24▼
2023 · 17.44
Debt ≤ 1 year
€24k▼
2023 · €25k
Income taxes
€1k▼
2023 · €2k
Staff costs
€62k▼
2023 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€148k€153k▲
Fixed assets21/28€36k€57k▲
Tangible fixed assets22/27€36k€57k▲
Plant, machinery and equipment23€36k€40k▲
Furniture and vehicles24-€18k
Current assets29/58€112k€96k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€6k€12k▲
Trade receivables40€4k€4k▼
Other amounts receivable41€1k€8k▲
Cash at bank and in hand54/58€96k€76k▼
Equity and liabilities
Total equity and liabilities10/49€148k€153k▲
Equity10/15€122k€129k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€102k€109k▲
Amounts payable17/49€25k€24k▼
Amounts payable within one year42/48€25k€24k▼
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€19k€16k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€13k€11k▼
Income statement Code20232024
Non-recurring operating income76A€8k€8k▲
Remuneration, social security and pensions62€73k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€481€476▼
Gross operating margin9900€99k€85k▼
Operating profit (loss)9901€12k€9k▼
Financial income75/76B€374€64▼
Recurring financial income75€374€64▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€11k€8k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€109k▲
Profit (loss) brought forward from the previous period14P€92k€102k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€250-€8k€8k▲ 0.2%
Remuneration, social security and pensions62-€93k€68k€73k€62k▼ 15.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€13k€15k€14k€13k▼ 3.6%
Other operating charges640/8-€558€576€481€476▼ 1.1%
Gross operating margin9900€134k€108k€87k€99k€85k▼ 15.0%
Operating profit (loss)9901€11k€2k€3k€12k€9k▼ 25.9%
Financial income75/76B-€156-€374€64▼ 83.0%
Recurring financial income75€91€156-€374€64▼ 83.0%
Financial charges65/66B-€2k€2k€2k€1k▼ 1.6%
Recurring financial charges65€2k€2k€2k€2k€1k▼ 1.6%
Profit (loss) for the period before taxes9903€8k€17€493€11k€8k▼ 31.1%
Income taxes67/77€2k--€2k€1k▼ 27.4%
Profit (loss) for the period9904€7k€17€493€10k€7k▼ 31.7%
Profit (loss) for the period to be appropriated9905€7k€17€493€10k€7k▼ 31.7%
Line20202021202220232024Change
Assets
Total assets20/58€157k€158k€139k€148k€153k▲ 3.8%
Fixed assets21/28€38k€38k€36k€36k€57k▲ 58.1%
Tangible fixed assets22/27€38k€38k€36k€36k€57k▲ 58.1%
Plant, machinery and equipment23-€37k€36k€36k€40k▲ 9.6%
Furniture and vehicles24-€2k--€18k-
Current assets29/58€120k€120k€103k€112k€96k▼ 13.8%
Stocks and contracts in progress3€5k€10k€14k€10k€8k▼ 18.6%
Stocks30/36-€10k€14k€10k€8k▼ 18.6%
Amounts receivable within one year40/41€3k€5k€7k€6k€12k▲ 114%
Trade receivables40-€3k€4k€4k€4k▼ 3.5%
Other amounts receivable41-€2k€3k€1k€8k▲ 444%
Cash at bank and in hand54/58€110k€105k€82k€96k€76k▼ 20.7%
Equity and liabilities
Total equity and liabilities10/49€157k€158k€139k€148k€153k▲ 3.8%
Equity10/15€112k€112k€113k€122k€129k▲ 5.3%
Contributions10/11-€19k€19k€19k€19k=
Reserves13€2k€2k€2k€2k€2k=
Non-distributable reserves130/1-€2k€2k---
Reserves not available under the articles1311-€2k€2k---
Distributable reserves133---€2k€2k=
Profit (loss) carried forward14€92k€92k€92k€102k€109k▲ 6.4%
Amounts payable17/49€45k€46k€26k€25k€24k▼ 3.7%
Amounts payable within one year42/48€45k€45k€26k€25k€24k▼ 3.7%
Trade debts44€5k€6k€5k€6k€8k▲ 29.7%
Suppliers440/4-€6k€5k€6k€8k▲ 29.7%
Taxes, remuneration and social security45-€21k€20k€19k€16k▼ 15.0%
Taxes450/3-€7k€5k€6k€5k▼ 12.6%
Remuneration and social security454/9-€14k€15k€13k€11k▼ 16.1%
Other amounts payable47/48-€18k----
Accrued charges and deferred income492/3-€735----
Line20202021202220232024Change
Profit (loss) for the period9904€7k€17€493€10k€7k▼ 31.7%
+ Depreciation and write-downs630€16k€13k€15k€14k€13k▼ 3.6%
Operating cash flow (approximation)€22k€13k€16k€23k€20k▼ 15.1%
Investment in fixed assets (approximation)-€-13k€-13k€-14k€-34k▼ 148%
Change in cash-€-5k€-24k€15k€-20k▼ 234%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
05-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet €17 ▼99.7%
Net result drops to €17, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €11k ▲309%
Operating result €16k, net result €11k, both a record.
31-12
Financial Equity above €100kEq €106k ▲11.8%
2 profitable years in a row build equity to €106k.
20-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
08-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 1984
seat establishment The establishment unit on the map
Ground area
1,654 m²
Building footprint
413 m²
Volume, LiDAR
1,691 m³
Parcel 12006C1160/00B002, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
David Meys
Heistseweg 8, 2221 Heist-op-den-BergWarehousing and support activities for transportation
since 19842.024.359.316
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12006C1160/00B002 Flanders 1,654 m² 1 · 413 m² 8.9 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Heist-op-den-Berg2.024.359.316
1 permission
Toelating · Vleeswinkel · since 01-01-2006

Similar companies · same sector, comparable size

Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-02-1984
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
46322Wholesale trade
46331Wholesale trade
46392Non-specialised wholesale
47110Non-specialised retail sale with food, beverages or tobacco predominating

Scores and ratios are computed by Checked and are not a credit decision.