Financials
Financial year 2025
MILANDEV from Zulte, company number BE0543911464, closed financial year 2025 with a result of € 37,767 after tax. For that financial year MILANDEV recorded a gross margin of € 82,715 and equity of € 149,096. Compared with financial year 2024, the result moved from € 29,039 to € 37,767. 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 January 31, 2026.
€ 149,096
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,767
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 24,690
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13,600 paid out
36 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 385
▼ 42% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 21,485
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 71,636
▼ 16% vs 2024
€ 11,098 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2,573
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,132
▲ 130% 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 | € 42,795 | € 123,333 | € 63,469 | € 82,715 | ▲ 30% |
| Profit after taxes | € 26,258 | € 81,121 | € 29,039 | € 37,767 | ▲ 30% |
| Equity | € 64,413 | € 115,873 | € 124,929 | € 149,096 | ▲ 19% |
| Total debts | € 140,202 | € 250,587 | € 116,556 | € 114,544 | ▼ 2% |
| Cash | € 7,073 | € 27,785 | € 10,707 | € 24,690 | ▲ 131% |
| Land & buildings | € 126,963 | € 129,486 | € 135,400 | € 148,531 | ▲ 10% |
| Retained profit | € 52,013 | € 103,473 | € 112,529 | € 136,696 | ▲ 21% |
| Dividend | € 0 | € 29,662 | € 19,983 | € 13,600 | ▼ 32% |
| Bank debt | € 116,598 | € 107,537 | € 85,690 | € 71,636 | ▼ 16% |
| Balance sheet total | € 204,615 | € 366,460 | € 241,485 | € 263,640 | ▲ 9% |
Key figures of MILANDEV, 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 MILANDEV?
What happened at MILANDEV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,767 (▲ 30% vs 2024). filed late Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,258 profit in 2022 to € 37,767 profit in 2025.
Paid € 38,779 in corporate taxes since 2022.
Best year ever: 2023, with € 81,121 profit.
Paid out € 63,244 in dividends to the owners in total.
Management
Behind MILANDEV is Thibault Michels.
Directors
According to the 2025 annual accounts
Thibault Michels
Andere functie
Establishments
Establishment units
Physical locations of this company
Heirweg 72 box A
9870 Zulte
Heirweg 72
9870 Zulte
Active since 2 January 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.911.464
- VAT number
- BE 0543.911.464
- Registered office
- Heirweg 72 bus A, 9870 Zulte
- Names & denominations
- MILANDEV
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2013
- Peppol
- Active · Active since 28 Jul 2024
- Contact
- [email protected]
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis