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Mils Group

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Financial year 2025 · closed on 31/12/2025

Net result

731,4 k €

+5.3% YoY

Gross margin

1,5 M €

+11.4% YoY

Equity

770,8 k €

-23.4% YoY

Workforce

7,1 ETP

+42.0% YoY

What does Mils Group do?

Mils Group is a Public limited company incorporated in 1992. Its registered office is in Haacht. It employs on average 7,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.136.031

Incorporation

29/12/1992

Legal form

Public limited company

Registered office

Kapelleweg(TIL) 3B
3150 Haacht · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

7,1 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+11.4%	1,3 M €	+26.7%	1 M €	-0.4%	1,1 M €	-27.1%	1,4 M €	+106%	699,7 k €	-14.7%	820,5 k €	+16.1%	706,5 k €	+27.3%	554,9 k €	-30.6%	799,3 k €	+0.0%	799 k €	+35.8%	588,4 k €	+21.0%	486,2 k €	+39.6%	348,2 k €	+3.3%	337 k €	+0.9%	334,1 k €	-3.6%	346,6 k €	+22.1%	284 k €	+8.1%	262,6 k €	+16.5%	225,4 k €
EBITDA	1,1 M €	+7.8%	1 M €	+40.4%	735 k €	-4.7%	771,1 k €	-30.3%	1,1 M €	+219%	347,1 k €	-13.1%	399,5 k €	+27.6%	313,1 k €	+95.6%	160,1 k €	-51.5%	329,8 k €	+7.1%	308 k €	+44.7%	212,9 k €	+25.7%	169,4 k €	+55.6%	108,9 k €	-10.8%	122,1 k €	-28.5%	170,6 k €	-13.8%	198,1 k €	+19.6%	165,6 k €	+15.8%	142,9 k €	+43.9%	99,4 k €
Operating result	984,4 k €	+7.3%	917,1 k €	+39.1%	659,3 k €	-2.6%	676,6 k €	-31.6%	989,1 k €	+355%	217,5 k €	+0.0%	217,5 k €	+68.2%	129,3 k €	+485%	-33,6 k €	-132%	103,4 k €	-1.7%	105,2 k €	+19.4%	88,1 k €	+62.6%	54,2 k €	+211%	17,4 k €	+446%	-5 k €	-145%	11,2 k €	-69.6%	37 k €	+6.4%	34,8 k €	+14.9%	30,3 k €	-16.5%	36,2 k €
Net result	731,4 k €	+5.3%	694,4 k €	+41.8%	489,9 k €	-2.7%	503,5 k €	-31.6%	736,1 k €	+356%	161,6 k €	-11.1%	181,7 k €	+100%	90,7 k €	+329%	-39,5 k €	-166%	60,2 k €	-14.7%	70,6 k €	+46.9%	48 k €	+29.3%	37,2 k €	+623%	5,1 k €	+119%	-26,8 k €	-2591%	-995,9 €	-107%	13,6 k €	+16.4%	11,7 k €	+6.3%	11 k €	-34.8%	16,8 k €
Balance sheet
Equity	770,8 k €	-23.4%	1 M €	+108%	483,3 k €	+1.0%	478,5 k €	+4.0%	460,1 k €	-36.5%	724,2 k €	+28.7%	562,7 k €	+47.7%	381 k €	+31.2%	290,4 k €	-12.0%	330 k €	+22.3%	269,9 k €	+35.3%	199,4 k €	+31.7%	151,5 k €	+32.4%	114,4 k €	+4.6%	109,3 k €	-19.7%	136,2 k €	-0.8%	137,3 k €	+10.9%	123,7 k €	+10.3%	112,2 k €	+10.8%	101,3 k €
Total assets	1,8 M €	-8.5%	1,9 M €	+71.3%	1,1 M €	-33.0%	1,7 M €	-16.8%	2 M €	+69.2%	1,2 M €	+10.6%	1,1 M €	+9.7%	982,4 k €	+21.9%	805,9 k €	-28.5%	1,1 M €	+18.0%	954,9 k €	+20.3%	794 k €	+10.9%	716 k €	+16.1%	616,5 k €	+6.1%	580,9 k €	-13.7%	673,3 k €	-8.2%	733,5 k €	+5.7%	694 k €	+9.9%	631,4 k €	+24.4%	507,5 k €
Cash	646,2 k €	-2.9%	665,2 k €	+565%	100 k €	-80.9%	523,6 k €	+35.9%	385,3 k €	+18.9%	323,9 k €	+37.7%	235,2 k €	+44.8%	162,4 k €	+289%	41,8 k €	-68.7%	133,6 k €	-13.0%	153,7 k €	+24.7%	123,3 k €	+1398%	8,2 k €	+234%	2,5 k €	+58.7%	1,6 k €	+54.2%	1 k €	+15.4%	873 €	-98.9%	82,4 k €	+427%	15,7 k €	-19.9%	19,5 k €
Debts	990,9 k €	+16.5%	850,4 k €	+37.3%	619,4 k €	-43.2%	1,1 M €	-30.0%	1,6 M €	+237%	461,6 k €	-10.3%	514,4 k €	-14.0%	598,4 k €	+20.0%	498,5 k €	-35.5%	773,5 k €	+17.3%	659,3 k €	+12.9%	583,8 k €	+5.0%	555,9 k €	+12.2%	495,4 k €	+6.1%	466,9 k €	-12.6%	534,3 k €	-10.2%	595,2 k €	+10.9%	536,9 k €	+3.6%	518,2 k €	+27.9%	405,1 k €
Other
Workforce	7,1 ETP	+42.0%	5,0 ETP	-5.7%	5,3 ETP	-14.5%	6,2 ETP	-12.7%	7,1 ETP	+6.0%	6,7 ETP	-6.9%	7,2 ETP	-19.1%	8,9 ETP	+6.0%	8,4 ETP	+10.5%	7,6 ETP	+1.3%	7,5 ETP	+15.4%	6,5 ETP	0.0%	6,5 ETP	+20.4%	5,4 ETP	0.0%	5,4 ETP	+3.8%	5,2 ETP	+30.0%	4,0 ETP	+25.0%	3,2 ETP	0.0%	3,2 ETP	+3.2%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas Olyslaegers

Active

Ended mandates

Christiane Thijs

Director · since 16 octobre 2020

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas OLYSLAEGERS

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas Olyslaegers

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · 0719.294.788

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	25/06/2025	01/07/2024	05/07/2023	18/07/2022	23/07/2021
General meeting	04/03/2026	23/06/2025	20/06/2024	12/06/2023	24/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/03/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 16 ended

Active mandates

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas Olyslaegers

Active

Ended mandates

Christiane Thijs

Director · since 16 octobre 2020

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas OLYSLAEGERS

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · until 06 mars 2026 · 0719.294.788

Represented by Thomas Olyslaegers

Ended

OTHO Advisory

Managing director · since 16 octobre 2020 · 0719.294.788

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/03/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/12/2020
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/11/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2014
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025731,4 k €↑
2024
Annual accounts 2024694,4 k €↑
2023
Annual accounts 2023489,9 k €↓
2022
Annual accounts 2022503,5 k €↓
2021
Annual accounts 2021736,1 k €↑
2020
Annual accounts 2020161,6 k €↓
2020
Name changeMils Group
2019
Annual accounts 2019181,7 k €↑
2018
Annual accounts 201890,7 k €↑
2017
Annual accounts 2017-39,5 k €↓
2016
Annual accounts 201660,2 k €↓
2015
Annual accounts 201570,6 k €↑
2014
Annual accounts 201448 k €↑
2013
Annual accounts 201337,2 k €↑
2012
Annual accounts 20125,1 k €↑
2011
Annual accounts 2011-26,8 k €↓
2010
Annual accounts 2010-995,9 €↓
2009
Annual accounts 200913,6 k €↑
2008
Annual accounts 200811,7 k €↑
2007
Annual accounts 200711 k €↓
2006
Annual accounts 200616,8 k €
2006
Name changeMILS
29/12/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Mils Group

Overview

What does Mils Group do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline