Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MILMAS from Bornem, company number BE0650768050, closed financial year 2025 with a result of € 171,755 after tax. For that financial year MILMAS recorded a gross margin of € 4.9 million and equity of € 739,528. Compared with financial year 2024, the result moved from € -49,139 to € 171,755. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 739,528
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 171,755
▲ still € 49,139 loss in 2024
Profit after tax over the fiscal year.
€ 174,890
▲ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
70 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
57.8
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 2% vs 2024
€ 44,900 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.
€ 3.1 million
▼ 2% vs 2024
Of which on lease € 3 million.
Debts at end 2025
€ 3.2 million
▲ 6% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 682,664
▲ € 585,329 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 519,052
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,032,665 | € 3,691,342 | € 4,268,314 | € 4,873,224 | ▲ 14% |
| Profit after taxes | € 20,838 | € 508,482 | € -49,139 | € 171,755 | ▲ € 220,894 |
| Equity | € 228,429 | € 736,911 | € 687,773 | € 739,528 | ▲ 8% |
| Total debts | € 2,625,214 | € 2,782,400 | € 4,091,637 | € 4,442,224 | ▲ 9% |
| Cash | € 147,271 | € 108,513 | € 165,933 | € 174,890 | ▲ 5% |
| Retained profit | € 209,829 | € 718,311 | € 669,173 | € 720,928 | ▲ 8% |
| Dividend | € 0 | € 0 | € 0 | € 120,000 | |
| Bank debt | € 1,984,613 | € 2,415,737 | € 3,032,455 | € 3,222,597 | ▲ 6% |
| Balance sheet total | € 2,853,642 | € 3,519,311 | € 4,779,410 | € 5,181,752 | ▲ 8% |
| Employees (FTE) | - | 44.3 | 56.5 | 57.8 | ▲ 1.3 |
Key figures of MILMAS, 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 MILMAS?
What happened at MILMAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 171,755. filed late Source: NBB ↗
- Milad Amini became a director. NBB
- Masih Amini became a director. NBB
- New establishment in Bornem. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,838 profit in 2022 to € 171,755 profit in 2025.
Paid € 82,382 in corporate taxes since 2022.
Best year ever: 2023, with € 508,482 profit.
On average € 84,300 of value added per employee in 2025.
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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
Behind MILMAS are Milad Amini and Masih Amini.
Directors
According to the 2025 annual accounts
Milad Amini
Director
since 2020
Masih Amini
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Woestijnstraat(BOR) 13
2880 Bornem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0650.768.050
- VAT number
- BE 0650.768.050
- Registered office
- Woestijnstraat(BOR) 13, 2880 Bornem
- Names & denominations
- MILMAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2016
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- milmas.be +3235013830
- Activities · NACE
Goederenvervoer over de weg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Groothandel in aanhangwagens, opleggers en caravans
Overige posterijen en koeriers
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Handel in aanhangwagens, opleggers en caravans