Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Millstone from Gedinne, company number BE0692513088, closed financial year 2024 with a result of € -6,113 after tax. For that financial year Millstone recorded a gross margin of € -4,846 and equity of € -43,373. Compared with financial year 2021, the result moved from € 53,505 to € -6,113. 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 January 26, 2026.
€ -43,373
▼ € 38,462 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,113
▼ still € 53,505 profit in 2021
Profit after tax over the fiscal year.
€ 2,943
▼ 91% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -73,373.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 7,629
▲ 186% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 1,284
▼ 76% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2024 | Change 2021 → 2024 | |
|---|---|---|---|
| Gross margin | € 60,468 | € -4,846 | ▼ € 65,315 |
| Profit after taxes | € 53,505 | € -6,113 | ▼ € 59,618 |
| Equity | € -4,912 | € -43,373 | ▼ € 38,462 |
| Total debts | € 76,967 | € 50,088 | ▼ 35% |
| Cash | € 31,878 | € 2,943 | ▼ 91% |
| Retained profit | € -34,912 | € -73,373 | ▼ € 38,462 |
| Bank debt | € 7,971 | € 0 | ▼ 100% |
| Balance sheet total | € 72,055 | € 6,714 | ▼ 91% |
Key figures of Millstone, 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 Millstone?
What happened at Millstone in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 6,113 (▼ € 59,618 vs 2021). filed late Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,505 profit in 2021 to € 6,113 loss in 2024.
Paid € 371 in corporate taxes since 2021.
Best year ever: 2021, with € 53,505 profit.
Management
Behind Millstone is Mallory Frere.
Directors
According to the 2024 annual accounts
Mallory Frere
Director
Establishments
Establishment units
Physical locations of this company
Rue des Roches, L.-S.-D. 33
5575 Gedinne
Waterloosesteenweg 1038
1180 Ukkel
Active since 13 March 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0692.513.088
- VAT number
- BE 0692.513.088
- Registered office
- Rue des Roches, L.-S.-D. 33, 5575 Gedinne
- Names & denominations
- Millstone
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 March 2018
- Peppol
- Not registered
- Activities · NACE
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