Financials
Financial year 2025
MILL42 from Kortrijk, company number BE0421888236, closed financial year 2025 with a result of € 238,954 after tax. For that financial year MILL42 recorded a gross margin of € 280,496 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 201,438 to € 238,954. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 26, 2026.
€ 1.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 238,954
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 169,138
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 235,000 paid out
98 % of the profit went to the shareholders, mostly to PANIMA (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 12,997
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 48,926
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,747
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 46,597 | € -21,054 | € 243,940 | € 280,496 | ▲ 15% |
| Profit after taxes | € 12,746 | € 159,772 | € 201,438 | € 238,954 | ▲ 19% |
| Equity | € 1,137,175 | € 1,120,876 | € 1,132,314 | € 1,136,268 | |
| Total debts | € 143,296 | € 256,679 | € 316,734 | € 291,753 | ▼ 8% |
| Cash | € 37,933 | € 6,854 | € 265,183 | € 169,138 | ▼ 36% |
| Land & buildings | € 988,604 | € 961,186 | € 935,898 | € 914,571 | ▼ 2% |
| Retained profit | € 1,074,175 | € 1,057,876 | € 1,069,314 | € 1,073,268 | |
| Dividend | € 26,000 | € 176,071 | € 190,000 | € 235,000 | ▲ 24% |
| Bank debt | € 50,000 | € 40,000 | € 0 | € 0 | |
| Balance sheet total | € 1,499,903 | € 1,377,554 | € 1,449,048 | € 1,428,021 | ▼ 1% |
Key figures of MILL42, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MILL42?
What happened at MILL42 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Panima NV stepped down as director. NBB
- Charbel Abou Zeidan stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 238,954 (▲ 19% vs 2024). filed late Source: NBB ↗
- Panima NV became a director. NBB
- Charbel Abou Zeidan became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,746 profit in 2022 to € 238,954 profit in 2025.
Paid € 8,896 in corporate taxes since 2022.
Best year ever: 2025, with € 238,954 profit.
Paid out € 627,071 in dividends to the owners in total.
A new publication or filing at MILL42? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of PANIMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MILL42The shares are held by PANIMA (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Moorseelsestraat(Heu) 113
8501 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.888.236
- VAT number
- BE 0421.888.236
- Registered office
- Moorseelsestraat(Heu) 113, 8501 Kortrijk
- Names & denominations
- MILL42
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1981
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
Vervaardiging van vloerkleden en tapijt
Activiteiten van fotografen, met uitzondering van persfotografen