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 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
MILMAN from Zemst, company number BE0446827035, closed financial year 2025 with a result of € -18,593 after tax. For that financial year MILMAN recorded a gross margin of € -15,972 and equity of € -44,208. Compared with financial year 2024, the result moved from € -8,172 to € -18,593. 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 26, 2026.
€ -44,208
▼ € 18,593 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,593
▼ 128 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,624
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -106,208.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 54,846
Loans from banks and other lenders, long and short.
€ 4,962
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,956 | € -4,328 | € -5,937 | € -15,972 | ▼ € 10,035 |
| Profit after taxes | € 15,921 | € -5,686 | € -8,172 | € -18,593 | ▼ € 10,421 |
| Equity | € -11,758 | € -17,444 | € -25,615 | € -44,208 | ▼ € 18,593 |
| Total debts | € 156,055 | € 161,741 | € 170,369 | € 190,338 | ▲ 12% |
| Cash | € 1,791 | € 1,791 | € 1,791 | € 3,624 | ▲ 102% |
| Land & buildings | € 160,000 | € 160,000 | € 160,000 | € 160,000 | |
| Retained profit | € -73,758 | € -79,444 | € -87,615 | € -106,208 | ▼ € 18,593 |
| Bank debt | € 54,846 | € 54,846 | € 54,846 | € 54,846 | |
| Balance sheet total | € 161,791 | € 161,791 | € 162,248 | € 163,624 | ▲ 1% |
Key figures of MILMAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MILMAN?
What happened at MILMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MILMAN is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 18,593. filed late Source: NBB ↗
- Nicole Rummens became a director. NBB
- New establishment in Zemst. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,921 profit in 2022 to € 18,593 loss in 2025.
Best year ever: 2022, with € 15,921 profit.
Management
Behind MILMAN is Nicole Rummens.
Directors
According to the 2025 annual accounts
Nicole Rummens
Liquidator
since 2018
Establishments
Establishment units
Physical locations of this company
Kampenhoutsebaan 23
1982 Zemst
Jagers-te-Voetlaan 60
1980 Zemst
Active since 28 May 1998
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.827.035
- VAT number
- BE 0446.827.035
- Registered office
- Kampenhoutsebaan 23, 1982 Zemst
- Names & denominations
- MILMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 12 March 1992
- Peppol
- Not registered