Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Miller Europe from Elsene, company number BE0708954984, closed financial year 2025 with a result of € 10.3 million after tax. For that financial year Miller Europe recorded revenue of € 44.3 million and equity of € 74 million. Compared with financial year 2024, the result moved from € 15.2 million to € 10.3 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 74 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10.3 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 27.9 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 46 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
8.5
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 25 million
▲ 17% vs 2024
€ 2.9 million 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.
€ 178,382
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 42.5 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1205 days on average.
€ 2.4 million
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 36,080,364 | € 40,651,386 | € 44,306,840 | ▲ 9% |
| Gross margin | € 34,547,514 | - | - | - | |
| Profit after taxes | € 16,055,574 | € 14,712,199 | € 15,246,279 | € 10,262,580 | ▼ 33% |
| Equity | € 79,775,658 | € 94,487,856 | € 109,734,135 | € 73,996,716 | ▼ 33% |
| Total debts | € 53,284,858 | € 63,270,370 | € 50,182,392 | € 93,106,717 | ▲ 86% |
| Cash | € 51,279,241 | € 61,490,908 | € 31,174,140 | € 27,911,942 | ▼ 10% |
| Retained profit | € 19,457,108 | € 34,169,306 | € 49,415,585 | € 13,678,166 | ▼ 72% |
| Dividend | € 0 | € 0 | € 0 | € 46,000,000 | |
| Bank debt | € 88,380 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 133,060,516 | € 157,758,226 | € 160,465,069 | € 167,223,863 | ▲ 4% |
| Employees (FTE) | 4.9 | 5.1 | 7.4 | 8.5 | ▲ 1.1 |
Key figures of Miller Europe, 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 Miller Europe?
What happened at Miller Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10.3 million (▼ 33% vs 2024). Source: NBB ↗
- Timothy Nagle became a director. NBB
- William Arminjon became a director. NBB
- Mirco Ceron became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- Benjamin Speers became a director. NBB
- Arnaud Froideval became a director. NBB
In short
From € 16.1 million profit in 2022 to € 10.3 million profit in 2025.
Paid € 3.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 16.1 million profit.
On average € 7.1 million of value added per employee in 2022.
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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 Miller Europe are Benjamin Speers, William Arminjon, Arnaud Froideval, Mirco Ceron and Timothy Nagle. The shares are held by Miller Insurance Holdings Limited. It owns 100% of Miller Sports & Entertainment SAS itself.
Directors
According to the 2025 annual accounts
Benjamin Speers
Director
since 2018
William Arminjon
Director
since 2024
Arnaud Froideval
Director
since 2018
Mirco Ceron
Director
since 2024
Timothy Nagle
Director
since 2024
Shareholders
Miller Insurance Holdings Limited
Participations
Establishments
Establishment units
Physical locations of this company
Louizalaan 480
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0708.954.984
- VAT number
- BE 0708.954.984
- Registered office
- Louizalaan 480, 1050 Elsene
- Names & denominations
- Miller Europe · AHJ Miller
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2018
- Peppol
- Not registered
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars