MILTON
ActiveMILTON has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €30k. Equity is growing by ~39.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+2
Solvency95▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 2.09 in 2024; short-term debt: 28.9% and cash: 24.2% of total assets), and 30.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
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
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
69.6%
Return on assets
18.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
28 d late
2023
5 d early
2022
33 d early
2021
41 d early
2020
17 d late
2019
38 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▲ 35.1%
2024 · €87k
2018: €23k
2019: €33k
2020: €10k
2021: €18k
2022: €35k
2023: €61k
2024: €87k
2018 → 2025
Total assets
€169k▲ 5.6%
2024 · €160k
2018: €118k
2019: €142k
2020: €150k
2021: €141k
2022: €125k
2023: €141k
2024: €160k
2018 → 2025
Net result
€30k▲ 16.5%
2024 · €26k
2018: €-2k
2019: €9k
2020: €-23k
2021: €2k
2022: €17k
2023: €26k
2024: €26k
2018 → 2025
Working capital
€92k▲ 35.1%
2024 · €68k
2018: €1k
2019: €10k
2020: €-22k
2021: €-16k
2022: €20k
2023: €40k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€35k▲ 91.8%€61k▲ 73.0%€87k▲ 43.1%€117k▲ 35.1%
Operating result€4k-€16k▲ 335%€30k▲ 87.3%€39k▲ 31.6%€53k▲ 35.1%
Net result€2k-€17k▲ 698%€26k▲ 52.5%€26k▲ 2.1%€30k▲ 16.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169k
Fixed assets
€28k▼ 4.5%
Current assets
€141k▲ 7.9%
Equity and liabilities €169k
Equity
€117k▲ 35.1%
Debt
€51k▼ 29.5%
The debt ratio falls from 45.6% to 30.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €55k
Cash flow
€40k▼
2024 · €42k
Solvency
69.6%▲
2024 · 54.4%
Current ratio
2.88▲
2024 · 2.09
Quick ratio
1.79▲
2024 · 1.11
Debt / equity
0.44▼
2024 · 0.84
ROE
26.0%▼
2024 · 30.1%
ROA
18.1%▲
2024 · 16.4%
Interest coverage
6.03▼
2024 · 6.65
Debt
€51k▼
2024 · €73k
Debt ≤ 1 year
€49k▼
2024 · €62k
Debt > 1 year
€3k▼
2024 · €7k
Income taxes
€16k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€160k€169k▲
Fixed assets21/28€30k€28k▼
Tangible fixed assets22/27€30k€28k▼
Plant, machinery and equipment23€25k€28k▲
Furniture and vehicles24€5k-
Current assets29/58€130k€141k▲
Stocks and contracts in progress3€61k€53k▼
Stocks30/36€61k€53k▼
Amounts receivable within one year40/41€65k€47k▼
Trade receivables40€56k€20k▼
Other amounts receivable41€10k€27k▲
Cash at bank and in hand54/58€562€41k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€160k€169k▲
Equity10/15€87k€117k▲
Contributions10/11€12k€12k=
Reserves13€13k€43k▲
Tax-exempt reserves132€1k€1k=
Distributable reserves133€12k€42k▲
Profit (loss) carried forward14€61k€62k▲
Amounts payable17/49€73k€51k▼
Amounts payable after more than one year17€7k€3k▼
Financial debts170/4€7k€3k▼
Amounts payable within one year42/48€62k€49k▼
Current portion of amounts payable after more than one year42€6k€4k▼
Financial debts43€8k-
Credit institutions430/8€8k-
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Taxes, remuneration and social security45€27k€34k▲
Taxes450/3€27k€34k▲
Other amounts payable47/48€10k-
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€9k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€391▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€61k€66k▲
Operating profit (loss)9901€39k€53k▲
Financial income75/76B€8k€4k▼
Recurring financial income75€8k€4k▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€39k€46k▲
Income taxes67/77€13k€16k▲
Profit (loss) for the period9904€26k€30k▲
Profit (loss) for the period to be appropriated9905€26k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€92k▲
Profit (loss) brought forward from the previous period14P€45k€61k▲
Transfer to equity691/2€10k€30k▲
To other reserves6921€10k€30k▲
The notes to these accounts (6 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €30k ▲16.5%
Operating result €53k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲35.1%
5 profitable years in a row build equity to €117k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-23k ▼345%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ternat · 1 establishment unit since 1993
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.
Spiegelstraat 221741 TernatGround area
4,159 m²
Building footprint
164 m²
Volume, LiDAR
840 m³
Parcel 23091B0260/00R000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MILTON
since 19932.061.833.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23091B0260/00R000 | Flanders | 4,159 m² | 1 · 164 m² | 7.2 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.
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Eventication
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Of 1,257 companies in sector 90399 we hold annual accounts for 200. 157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-1992
Fiscal year end31-12
Activities, NACEBEL
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
15120Manufacture of leather and related products
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.