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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MILES IMMO from Waterloo, company number BE0797108683, closed financial year 2025 with a result of € -13,409 after tax. For that financial year MILES IMMO recorded a gross margin of € 67,934 and equity of € -120,964. Compared with financial year 2024, the result moved from € -9,363 to € -13,409. 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 June 12, 2026.
€ -120,964
▼ € 13,409 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,409
▼ 43 % more loss than in 2024
Profit after tax over the fiscal year.
€ 7,133
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -130,964.
Debts at end 2025
€ 675,845
▼ 34% vs 2024
€ 25,725 is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 14,809 | € 65,014 | € 67,934 | ▲ 4% |
| Profit after taxes | € -108,192 | € -9,363 | € -13,409 | ▼ € 4,045 |
| Equity | € -98,192 | € -107,556 | € -120,964 | ▼ € 13,409 |
| Total debts | € 1,170,783 | € 1,118,227 | € 1,092,232 | ▼ 2% |
| Cash | € 5,582 | € 8,673 | € 7,133 | ▼ 18% |
| Land & buildings | € 794,581 | € 773,103 | € 751,626 | ▼ 3% |
| Retained profit | € -108,192 | € -117,556 | € -130,964 | ▼ € 13,409 |
| Bank debt | € 736,238 | € 1,024,277 | € 675,845 | ▼ 34% |
| Balance sheet total | € 1,072,591 | € 1,010,671 | € 971,268 | ▼ 4% |
Key figures of MILES IMMO, fiscal years 2023 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 MILES IMMO?
What happened at MILES IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,409. Source: NBB ↗
- New establishment in Waterloo. KBO
- Michael Ergen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 108,192 loss in 2023 to € 13,409 loss in 2025.
Management
Behind MILES IMMO is Michael Ergen.
Directors
According to the 2025 annual accounts
Michael Ergen
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Avenue Marengo 5 box 3
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.108.683
- VAT number
- BE 0797.108.683
- Registered office
- Avenue Marengo 5 bus 3, 1410 Waterloo
- Names & denominations
- MILES IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2023
- Peppol
- Active · Active since 16 Jan 2025