Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MI-LENN from Gent, company number BE0426517215, closed financial year 2024 with a result of € -38,622 after tax. For that financial year MI-LENN recorded a gross margin of € 153,521 and equity of € -82,169. Compared with financial year 2023, the result moved from € -66,972 to € -38,622. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2025.
€ -82,169
▼ € 38,622 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,622
▲ 42 % less loss than in 2023
Profit after tax over the fiscal year.
€ 48,916
▲ 132% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -100,769.
People and assets in 2024
3.6
▲ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 156,897
▲ 74% vs 2023
€ 43,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 613
▼ 55% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 11,166
▼ 96% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 63,398
▲ 64% vs 2023
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 81,921 | € 38,117 | € 35,240 | € 153,521 | ▲ € 118,280 |
| Profit after taxes | € 27,896 | € -29,931 | € -66,972 | € -38,622 | ▲ € 28,350 |
| Equity | € 53,356 | € 23,425 | € -43,547 | € -82,169 | ▼ € 38,622 |
| Total debts | € 11,806 | € 62,376 | € 431,461 | € 647,488 | ▲ 50% |
| Cash | € 11,341 | € 19,476 | € 21,072 | € 48,916 | ▲ 132% |
| Land & buildings | € 43,138 | € 55,935 | € 257,574 | € 403,780 | ▲ 57% |
| Retained profit | € 34,756 | € 4,825 | € -62,147 | € -100,769 | ▼ € 38,622 |
| Dividend | € 43,660 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 65,163 | € 85,801 | € 387,915 | € 565,319 | ▲ 46% |
| Employees (FTE) | - | - | 2.2 | 3.6 | ▲ 1.4 |
Key figures of MI-LENN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MI-LENN?
What happened at MI-LENN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 38,622. filed late Source: NBB ↗
- New establishment in Gent. KBO
- GROUP UCS became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,896 profit in 2021 to € 38,622 loss in 2024.
Paid € 998 in corporate taxes since 2021.
Best year ever: 2021, with € 27,896 profit.
On average € 42,600 of value added per employee in 2024.
A new publication or filing at MI-LENN? We notify you, reason included.
Follow MI-LENNDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind MI-LENN are Arzu Akbulut, GROUP UCS, Neslihan Mutlu, Ayhan Mutlu and Faruk Mutlu. The shares are held by GROUP UCS.
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 210
9000 Gent
Botestraat 1 box Hi
9032 Gent
Active since 1 March 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0426.517.215
- VAT number
- BE 0426.517.215
- Registered office
- Brugsesteenweg 210, 9000 Gent
- Names & denominations
- MI-LENN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1984
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening