Financials
Financial year 2025
MILDEVAN from Ichtegem, company number BE0881011507, closed financial year 2025 with a result of € 2 million after tax. For that financial year MILDEVAN recorded a gross margin of € 3.3 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € 1.4 million to € 2 million. 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 October 31, 2025.
€ 10.2 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 43% vs 2024
Profit after tax over the fiscal year.
€ 124,275
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 202,526
▲ € 155,739 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 340,473
▼ 13% vs 2024
€ 39,667 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 491,359
▲ € 466,624 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 420,350
▲ 223% 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 | € 3,135,904 | € 3,773,632 | € 2,683,422 | € 3,281,486 | ▲ 22% |
| Profit after taxes | € 1,809,447 | € 2,205,377 | € 1,387,677 | € 1,988,618 | ▲ 43% |
| Equity | € 4,628,078 | € 6,833,455 | € 8,221,132 | € 10,209,750 | ▲ 24% |
| Total debts | € 2,608,084 | € 2,770,778 | € 1,072,417 | € 1,993,321 | ▲ 86% |
| Cash | € 3,175,777 | € 513,167 | € 654,746 | € 124,275 | ▼ 81% |
| Land & buildings | € 1,232,442 | € 2,670,979 | € 2,660,146 | € 2,620,932 | ▼ 1% |
| Retained profit | € 4,609,478 | € 6,814,855 | € 8,202,532 | € 10,191,150 | ▲ 24% |
| Bank debt | € 958,949 | € 1,633,080 | € 393,473 | € 340,473 | ▼ 13% |
| Balance sheet total | € 7,236,161 | € 9,604,233 | € 9,293,549 | € 12,203,070 | ▲ 31% |
By gross margin, MILDEVAN ranks 2nd of 9 companies with main activity “Productie en distributie van stoom en gekoelde lucht” in West Flanders that publish figures (fiscal year 2025).
Key figures of MILDEVAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
Ask about MILDEVAN the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MILDEVAN?
What happened at MILDEVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2 million (▲ 43% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Ichtegem. KBO
- Els Desmet became a director. NBB
In short
From € 1.8 million profit in 2022 to € 2 million profit in 2025.
Paid € 3.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.2 million profit.
Management
Behind MILDEVAN is Els Desmet.
Directors
According to the 2025 annual accounts
Els Desmet
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Meersenstraat(EER) 3
8480 Ichtegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Similar companies in West Flanders
Same main activity (Productie en distributie van stoom en gekoelde lucht), 13 active companies in West Flanders, largest first.
€ 36 million revenue · 2025 · Oostkamp
€ 3.3 million gross margin · 2024 · Wevelgem
€ 3.2 million gross margin · 2025 · Waregem
€ 1.2 million gross margin · 2025 · Ieper
€ 701,163 gross margin · 2025 · Wevelgem
€ 531,585 gross margin · 2025 · Ingelmunster
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Els Ann Anja DESMET(vennoot) 51.1%
- Wim Odiel VANDEPUTTE(vennoot) 48.9%
Details
- Company number
- 0881.011.507
- VAT number
- BE 0881.011.507
- Registered office
- Meersenstraat(EER) 3, 8480 Ichtegem
- Names & denominations
- MILDEVAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2006
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Productie en distributie van stoom en gekoelde lucht
Distributie van stoom en warm water; vervaardiging van ijs, niet bestemd voor consumptie