MILOLY
Open bankruptcySummary
A bankruptcy procedure is open for MILOLY according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisation notices. The 2023 annual accounts show negative equity (€-58k) and a net result of €-111k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-09-2024, 54 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
54 d late
2022
115 d late
2021
228 d late
2020
122 d late
2019
243 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-111k▼ 11.4%
2022 · €-99k
Working capital
€-121k▼ 1,532%
2022 · €-7k
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
Line20192020202120222023
Operating result€147k▲ 316%€121k▼ 17.6%€-17k€-91k▼ 430%€-116k▼ 27.7%
Net result€130k▲ 240%€129k▼ 0.9%€-55k€-99k▼ 79.9%€-111k▼ 11.4%
Equity€79k€207k▲ 163%€152k▼ 26.6%€53k▼ 65.2%€-58k
Total assets€631k▲ 192%€770k▲ 21.9%€330k▼ 57.2%€387k▲ 17.4%€141k▼ 63.5%
Debt€552k▲ 107%€562k▲ 1.8%€177k▼ 68.5%€334k▲ 88.4%€199k▼ 40.5%
Working capital€18k€135k▲ 645%€93k▼ 31.1%€-7k€-121k▼ 1,532%
Staff (FTE)8.6▼ 12.2%12.9▲ 50.0%7.8▼ 39.5%16.2▲ 108%16.4▲ 1.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116k in 2023 against €91k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €141k
Fixed assets
€64k ▲ 5.2%
Current assets
€78k ▼ 76.3%
Key figures and ratios
EBITDA
€-96k▼
2022 · €-70k
Cash flow
€-90k▼
2022 · €-79k
Solvency
-40.8%▼
2022 · 13.7%
Current ratio
0.39▼
2022 · 0.98
Quick ratio
0.37▼
2022 · 0.97
Debt to equity
-3.45▼
2022 · 6.30
ROA
-78.4%▼
2022 · -25.7%
Interest coverage
-31.89▼
2022 · -8.27
Debt ≤ 1 year
€199k▼
2022 · €334k
Income taxes
€164▲
2022 · €10
Staff costs
€538k▲
2022 · €475k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | €5k | - | - |
| Remuneration, social security and pensions62 | - | - | €259k | €475k | €538k | ▲ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €16k | €19k | €21k | €21k | ▼ 0.9% |
| Other operating charges640/8 | - | - | €15k | €14k | €28k | ▲ 107% |
| Non-recurring operating charges66A | - | - | €24k | - | - | - |
| Gross operating margin9900 | €431k | €382k | €300k | €418k | €470k | ▲ 12.5% |
| Operating profit (loss)9901 | €147k | €121k | €-17k | €-91k | €-116k | ▼ 27.7% |
| Financial income75/76B | - | - | €4k | €179 | €9k | ▲ 4,779% |
| Recurring financial income75 | €5k | €13k | €4k | €179 | €9k | ▲ 4,779% |
| Financial charges65/66B | - | - | €13k | €8k | €3k | ▼ 64.7% |
| Recurring financial charges65 | €1k | €3k | €13k | €8k | €3k | ▼ 64.7% |
| Profit (loss) for the period before taxes9903 | €151k | €131k | €-26k | €-99k | €-110k | ▼ 11.2% |
| Income taxes67/77 | €21k | €3k | €30k | €10 | €164 | ▲ 1,520% |
| Profit (loss) for the period9904 | €130k | €129k | €-55k | €-99k | €-111k | ▼ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €130k | €129k | €-55k | €-99k | €-111k | ▼ 11.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €631k | €770k | €330k | €387k | €141k | ▼ 63.5% |
| Fixed assets21/28 | €61k | €73k | €62k | €60k | €64k | ▲ 5.2% |
| Tangible fixed assets22/27 | €50k | €62k | €52k | €50k | €38k | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | €27k | €30k | €24k | ▼ 19.4% |
| Furniture and vehicles24 | - | - | €24k | €20k | €14k | ▼ 29.1% |
| Assets under construction and advance payments27 | - | - | €440 | - | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €25k | ▲ 143% |
| Current assets29/58 | €571k | €697k | €267k | €327k | €78k | ▼ 76.3% |
| Amounts receivable after more than one year29 | - | - | €180k | €180k | €17k | ▼ 90.3% |
| Trade receivables290 | - | - | €180k | €180k | €17k | ▼ 90.3% |
| Stocks and contracts in progress3 | €8k | €4k | €4k | €4k | €3k | ▼ 17.1% |
| Stocks30/36 | - | - | €4k | €4k | €3k | ▼ 17.1% |
| Amounts receivable within one year40/41 | €523k | €674k | €46k | €122k | €44k | ▼ 64.2% |
| Trade receivables40 | - | - | €36k | €113k | €30k | ▼ 73.3% |
| Other amounts receivable41 | - | - | €10k | €9k | €14k | ▲ 44.1% |
| Cash at bank and in hand54/58 | €39k | €19k | €37k | €20k | €11k | ▼ 45.2% |
| Deferred charges and accrued income490/1 | - | - | - | €611 | €2k | ▲ 260% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €631k | €770k | €330k | €387k | €141k | ▼ 63.5% |
| Equity10/15 | €79k | €207k | €152k | €53k | €-58k | ▼ 209% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €71k | €199k | €144k | €45k | €-66k | ▼ 246% |
| Amounts payable17/49 | €552k | €562k | €177k | €334k | €199k | ▼ 40.5% |
| Amounts payable within one year42/48 | €552k | €562k | €175k | €334k | €199k | ▼ 40.5% |
| Trade debts44 | €259k | €287k | €33k | €61k | €66k | ▲ 9.5% |
| Suppliers440/4 | - | - | €33k | €61k | €66k | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | - | €139k | €253k | €132k | ▼ 47.7% |
| Taxes450/3 | - | - | €139k | €221k | €81k | ▼ 63.3% |
| Remuneration and social security454/9 | - | - | - | €31k | €51k | ▲ 63.2% |
| Other amounts payable47/48 | - | - | €2k | €21k | - | - |
| Accrued charges and deferred income492/3 | - | - | €3k | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €129k | €-55k | €-99k | €-111k | ▼ 11.4% |
| + Depreciation and write-downs630 | €14k | €16k | €19k | €21k | €21k | ▼ 0.9% |
| Operating cash flow (approximation) | €144k | €144k | €-36k | €-79k | €-90k | ▼ 14.6% |
| Investment in fixed assets (approximation) | - | €-28k | €-8k | €-19k | €-24k | ▼ 24.2% |
| Change in cash | - | €-20k | €19k | €-17k | €-9k | ▲ 46.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 08-12-2025
20-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 12-02-2025
2024
06-11
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 23-10-2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
21-08
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 12-07-2024
12-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-03-2024
2023
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 115 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 228 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 122 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 243 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 574 days late
Show earlier events
2020
31-12
Financial
Equity above €200kEq €207k ▲163%
3 profitable years in a row build equity to €207k.
2019
31-12
Financial
Highest result since 2018net €130k ▲240%
Operating result €147k, net result €130k, both a record.
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 52 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Elsene · 2 establishment units since 2008
Ground area
7,532 m²
Building footprint
2,500 m²
Volume, LiDAR
63,031 m³
2 parcels, Brussels · tallest building 51.3 m, ±11 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Super filles du tram @Wolf
since 20082.175.235.391
LES SUPER FILLES DU TRAM
since 20092.183.089.819
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0872/00P000 | Brussels | 7,386 m² | 1 · 2,401 m² | 51.3 m · 11 fl. |
| 21444B0021/00M004 | Brussels | 146 m² | 1 · 99 m² | 19.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Bernard VANHAM Rue de Charleroi 2, 1400 NIVELLES- |
08-12-2025 → present |
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
29-03-2024 → 12-07-2024 |
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,832 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
Founded30-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.