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.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M&H Millings from Ronse, company number BE0459673793, closed financial year 2025 with a result of € -35,609 after tax. For that financial year M&H Millings recorded a gross margin of € 11,862 and equity of € -134,448. Compared with financial year 2024, the result moved from € 1,259 to € -35,609. 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 December 18, 2025.
€ -134,448
▼ € 35,609 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,609
▼ still € 1,259 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -153,048.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 4,422
▲ 196% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29,536
▼ 62% vs 2024
Loans from banks and other lenders, long and short.
€ 22,491
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 244
▼ 63% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 44,215 | € 29,781 | € 52,122 | € 11,862 | ▼ 77% |
| Profit after taxes | € -14,352 | € -22,428 | € 1,259 | € -35,609 | ▼ € 36,868 |
| Equity | € -77,671 | € -100,099 | € -98,840 | € -134,448 | ▼ € 35,609 |
| Total debts | € 245,986 | € 279,593 | € 213,164 | € 178,710 | ▼ 16% |
| Retained profit | € -96,271 | € -118,699 | € -117,440 | € -153,048 | ▼ € 35,609 |
| Bank debt | € 172,360 | € 122,753 | € 76,941 | € 29,536 | ▼ 62% |
| Balance sheet total | € 168,315 | € 179,494 | € 114,324 | € 44,261 | ▼ 61% |
Key figures of M&H Millings, 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 M&H Millings?
What happened at M&H Millings in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 35,609 (▼ € 36,868 vs 2024). Source: NBB ↗
- Marnic MARCOU became a director. NBB
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,352 loss in 2022 to € 35,609 loss in 2025.
Paid € 3,722 in corporate taxes since 2022.
Best year ever: 2024, with € 1,259 profit.
Management
Behind M&H Millings is Marnic MARCOU.
Directors
According to the 2025 annual accounts
Marnic MARCOU
Administrator-manager
since 2016
Establishments
Establishment units
Physical locations of this company
Stijn Streuvelsstraat 27
9600 Ronse
Weverijstraat 2 box 3
9600 Ronse
Active since 13 January 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.673.793
- VAT number
- BE 0459.673.793
- Registered office
- Stijn Streuvelsstraat 27, 9600 Ronse
- Names & denominations
- M&H Millings
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1996
- Peppol
- Active · Active since 4 Jul 2025
- Activities · NACE
Verspanend bewerken van metalen
Speur- en ontwikkelingswerk op biotechnologisch gebied
Overige technische testen en toetsen