ACTIVE

MILL42

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Financial year 2025 · closed on 30/06/2025
Net result
239 k €
+18.6% YoY
Gross margin
280,5 k €
+15.0% YoY
Equity
1,1 M €
+0.3% YoY

What does MILL42 do?

MILL42 is a Public limited company incorporated in 1981. Its main activity is: Manufacture of carpets and rugs. Its registered office is in Kortrijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0421.888.236
Incorporation
24/09/1981
Legal form
Public limited company
Registered office
Moorseelsestraat(Heu) 113
8501 Kortrijk · FlandreSee on map
Contributed capital
63 000,00 €
Latest accounts
30/06/2025
Activities (NACE)
13930Manufacture of carpets and rugs· main13930Manufacture of carpets and rugs17510Manufacture of paper and paper products74201Photographic activities74201Photographic activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222006
Income statement
Gross margin280,5 k €243,9 k €-21,1 k €46,6 k €1,5 M €
EBITDA269,6 k €234,2 k €-29,7 k €38,1 k €174,5 k €
Operating result241,7 k €206,2 k €-57,1 k €10,9 k €115,5 k €
Net result239 k €201,4 k €159,8 k €12,7 k €-2,4 k €
Balance sheet
Equity1,1 M €1,1 M €1,1 M €1,1 M €1,2 M €
Total assets1,4 M €1,4 M €1,4 M €1,5 M €3,4 M €
Cash169,1 k €265,2 k €6,9 k €37,9 k €115,8 k €
Debts291,8 k €315,4 k €254,4 k €141,2 k €2,2 M €
Other
Workforce––––46,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 19 ended

Active mandates

Charbel Abou Zeidan

Director · since 12 décembre 2022 · until 12 décembre 2027

Active
PANIMA

Managing director · since 12 décembre 2022 · until 12 décembre 2027 · 0457.238.895

Represented by Pascal Meersschaert

Active

Ended mandates

Charbel Abou Zeidan

Director · since 12 décembre 2022 · until 21 décembre 2027

Ended
PANIMA

Managing director · since 12 décembre 2022 · until 21 décembre 2027 · 0457.238.895

Represented by Pascal MEERSSCHAERT

Ended
Charbel Abou Zeidan

Director · since 19 décembre 2017 · until 20 décembre 2022

Ended
PANIMA

Managing director · since 19 décembre 2017 · until 20 décembre 2022 · 0457.238.895

Represented by Meersschaert Pascal

Ended
At this address

Other companies at this address

CompanyCBE no.
MEEVEST● Active
0456.811.897
PANIMA● Active
0457.238.895
PANIMILL● Active
0753.879.545
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/02/202617/04/202519/12/202311/01/202328/01/202218/12/2020
General meeting16/12/202517/12/202414/11/202312/12/202228/10/202110/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202516/12/202526/02/2026DutchPDF
Abridged model30/06/202417/12/202417/04/2025DutchPDF
Abridged model30/06/202314/11/202319/12/2023DutchPDF
Abridged model30/06/202212/12/202211/01/2023DutchPDF
Abridged model30/06/202128/10/202128/01/2022DutchPDF
Abridged model30/06/202010/12/202018/12/2020DutchPDF
Abridged model30/06/201930/12/201930/01/2020DutchPDF
Abridged model30/06/201830/12/201831/01/2019DutchPDF
Abridged model30/06/201719/12/201712/01/2018DutchPDF
Abridged model31/12/201520/07/201626/07/2016DutchPDF
Abridged model31/12/201410/09/201509/10/2015DutchPDF
Abridged model31/12/201324/06/201428/08/2014DutchPDF
Abridged model31/12/201218/06/201330/08/2013DutchPDF
Abridged model31/12/201130/08/201231/08/2012DutchPDF
Abridged model31/12/201011/02/201106/05/2011DutchPDF
Abridged model31/12/200915/06/201018/06/2010DutchPDF
Abridged model31/12/200824/04/200915/05/2009DutchPDF
Abridged model31/12/200717/06/200814/07/2008DutchPDF
Abridged model31/12/200610/07/200727/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 19 ended

Active mandates

Charbel Abou Zeidan

Director · since 12 décembre 2022 · until 12 décembre 2027

Active
PANIMA

Managing director · since 12 décembre 2022 · until 12 décembre 2027 · 0457.238.895

Represented by Pascal Meersschaert

Active

Ended mandates

Charbel Abou Zeidan

Director · since 12 décembre 2022 · until 21 décembre 2027

Ended
PANIMA

Managing director · since 12 décembre 2022 · until 21 décembre 2027 · 0457.238.895

Represented by Pascal MEERSSCHAERT

Ended
Charbel Abou Zeidan

Director · since 19 décembre 2017 · until 20 décembre 2022

Ended
PANIMA

Managing director · since 19 décembre 2017 · until 20 décembre 2022 · 0457.238.895

Represented by Meersschaert Pascal

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other04/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates06/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/01/2017
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other13/11/2012
    BENAMING - DOEL
    PDF
  • Mandates08/10/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/09/2007
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2005
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025239 k €↑
  2. 2024
    Annual accounts 2024201,4 k €↑
  3. 2023
    Annual accounts 2023159,8 k €↑
  4. 2022
    Annual accounts 202212,7 k €↑
  5. 2006
    Annual accounts 2006-2,4 k €
  6. 24/09/1981
    IncorporationPublic limited company