MILNAS

Active

Private limited companyfounded 20242 yrs activeBeemdstraat 27, 1601 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 1013.660.193

Summary

The computed 12-month bankruptcy probability of MILNAS is 11.1% (high). The 2025 annual accounts show equity of €13,482 and a net result of €8,482. Its solvency ranks better than 34% of 5080 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MILNASActiveChecked score 32/100

Risk analysis Report Compare

Activity

On-demand passenger transport by chauffeured vehicle

NACE 49330

1 site

Size

€59,640total assets 2025

Equity: €13,482
Profit: €8,482

Turnover not published (abridged schema)

Financial health

32 Weak Checked score 2025

Bankruptcy chance 12 m: 11.1%

Structure

Board: 2 members

Accounts filed 31 d late1 of 4 deeds read

Why 32- 2 changes of registered office in 24 months- Founded in 2024- Sector Land transport and transport via pipelines (NACE 49)- Size: total assets €59,640Show the evidence

Checked score

Score 2025

32 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 43% of its sector peers (NACE 49, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Average

Solvency 48

equity 22.6% of total assets

Liquidity 22

short-term debt 77.4% · cash 11.0%

Profitability 87

return on assets 14.2%

Bankruptcy probability, 12 months

11.1% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.0% (8,980 companies)

Last 23 months 10-2025: 10.9%lowest value 11-2025: 10.9%● 0.0% vs 10-2025lowest value 12-2025: 11.2%▲ +2.9% vs 11-2025 01-2026: 11.3%▲ +0.9% vs 12-2025 02-2026: 11.6%▲ +2.0% vs 01-2026 03-2026: 12.0%▲ +3.6% vs 02-2026 04-2026: 12.3%▲ +2.7% vs 03-2026 05-2026: 12.3%● 0.0% vs 04-2026 06-2026: 12.1%▼ -2.0% vs 05-2026 07-2026: 12.1%● 0.0% vs 06-2026 08-2026: 12.5%▲ +3.5% vs 07-2026highest value 09-2026: 11.1%▼ -10.7% vs 08-2026 10-2026: 11.1%● 0.0% vs 09-2026

2 changes of registered office in 24 months raises the probability
Founded in 2024 raises the probability for this profile
Sector Land transport and transport via pipelines (NACE 49) raises the probability
Size: total assets €59,640 raises the probability for this profile

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.38; short-term debt: 77.4% and cash: 11% of total assets), and 77.4% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 34%, liquidity 18%, profitability 76%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

2 changes of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Size: total assets €59,640

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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