Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Milicom from Brasschaat, company number BE1012254089, closed financial year 2025 with a result of € -28,949 after tax. For that financial year Milicom recorded a gross margin of € -25,831 and equity of € -25,442. Compared with financial year 2024, the result moved from € 4,007 to € -28,949. 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 August 31, 2026.
€ -25,442
▼ € 28,949 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,949
▼ still € 4,007 profit in 2024
Profit after tax over the fiscal year.
€ 6,363
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27,942.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 645
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,147
▼ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 4,353 | € -25,831 | ▼ € 30,184 |
| Profit after taxes | € 4,007 | € -28,949 | ▼ € 32,957 |
| Equity | € 3,507 | € -25,442 | ▼ € 28,949 |
| Total debts | € 23,898 | € 47,393 | ▲ 98% |
| Cash | € 8,021 | € 6,363 | ▼ 21% |
| Retained profit | € 1,007 | € -27,942 | ▼ € 28,949 |
| Dividend | € 3,000 | € 0 | ▼ 100% |
| Balance sheet total | € 27,406 | € 21,951 | ▼ 20% |
Key figures of Milicom, fiscal years 2024 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 Milicom?
What happened at Milicom in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,949 (▼ € 32,957 vs 2024). filed late Source: NBB ↗
- New establishment in Brasschaat. KBO
- Michel Elyakim became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,007 profit in 2024 to € 28,949 loss in 2025.
Paid € 572 in corporate taxes since 2024.
Best year ever: 2024, with € 4,007 profit.
Paid out € 3,000 in dividends to the owners in total.
Management
Behind Milicom is Michel Elyakim. Michel Elyakim is also behind SMART DOCUMENT SOLUTIONS.
Directors
According to the 2025 annual accounts
since 2024
Establishments
Establishment units
Physical locations of this company
Miksebeekstraat 68
2930 Brasschaat
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1012.254.089
- VAT number
- BE 1012.254.089
- Registered office
- Miksebeekstraat 68, 2930 Brasschaat
- Names & denominations
- Milicom
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2024
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
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