ACTIVE

BODEN-MILBOU

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Financial year 2025 · closed on 31/12/2025

Net result

85,4 k €

-2.7% YoY

Gross margin

138,2 k €

+12.9% YoY

Equity

622,8 k €

+15.9% YoY

What does BODEN-MILBOU do?

BODEN-MILBOU is a Private limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Essen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.123.037

Incorporation

02/02/1994

Legal form

Private limited company

Registered office

Steenovenstraat 84
2910 Essen · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	138,2 k €	+12.9%	122,4 k €	-16.4%	146,4 k €	-24.5%	194 k €	-0.4%	194,8 k €	+38.0%	141,2 k €	+48.3%	95,2 k €	+21.3%	78,5 k €	-47.2%	148,6 k €	+165%	56 k €	-57.5%	131,8 k €	+5.1%	125,3 k €	+15.9%	108,1 k €	-35.1%	166,7 k €	-77.8%	750 k €	+141%	310,7 k €	+1.9%	304,7 k €	+15.7%	263,5 k €	+5.1%	250,8 k €	+15.4%	217,4 k €
EBITDA	136,1 k €	+13.7%	119,7 k €	-16.4%	143,1 k €	-25.4%	191,8 k €	-0.5%	192,8 k €	+38.6%	139,1 k €	+49.1%	93,3 k €	+21.9%	76,5 k €	-47.8%	146,7 k €	+171%	54,1 k €	-58.4%	129,9 k €	+5.6%	123 k €	+16.3%	105,7 k €	-35.8%	164,7 k €	-75.0%	657,9 k €	+354%	145 k €	-16.2%	173,1 k €	+8.5%	159,5 k €	-1.3%	161,7 k €	+35.2%	119,6 k €
Operating result	117,9 k €	+10.5%	106,6 k €	-18.2%	130,4 k €	-23.3%	170,1 k €	+0.8%	168,8 k €	+46.5%	115,2 k €	+64.5%	70 k €	+52.3%	46 k €	-60.4%	116 k €	+379%	24,2 k €	-75.5%	99 k €	+22.3%	80,9 k €	+16.7%	69,3 k €	-46.1%	128,6 k €	-79.6%	631,9 k €	+511%	103,4 k €	-25.2%	138,2 k €	+12.3%	123,1 k €	-1.7%	125,3 k €	+45.1%	86,4 k €
Net result	85,4 k €	-2.7%	87,8 k €	-17.3%	106,2 k €	+16.0%	91,6 k €	-34.7%	140,2 k €	+132%	60,4 k €	+1.5%	59,5 k €	+142%	24,6 k €	-70.0%	81,9 k €	+228%	24,9 k €	-56.8%	57,8 k €	-17.2%	69,8 k €	+2.6%	68 k €	-40.1%	113,6 k €	-73.7%	431,1 k €	+408%	84,8 k €	-20.7%	106,9 k €	+12.9%	94,6 k €	+5.5%	89,7 k €	+45.7%	61,5 k €
Balance sheet
Equity	622,8 k €	+15.9%	537,4 k €	+2.1%	526,2 k €	+17.9%	446,4 k €	-41.6%	764,8 k €	+22.5%	624,5 k €	+10.6%	564,7 k €	+11.4%	506,8 k €	-59.1%	1,2 M €	+7.0%	1,2 M €	+2.2%	1,1 M €	+5.4%	1,1 M €	+6.9%	1 M €	-1.8%	1 M €	+12.2%	913,8 k €	+33.9%	682,7 k €	+13.7%	600,3 k €	+21.1%	495,8 k €	+22.8%	403,6 k €	+27.6%	316,4 k €
Total assets	635,8 k €	+4.3%	609,7 k €	+7.4%	567,6 k €	-34.7%	869,2 k €	+10.8%	784,1 k €	+21.7%	644,2 k €	+11.7%	576,4 k €	+12.2%	513,9 k €	-59.0%	1,3 M €	+7.4%	1,2 M €	+1.9%	1,1 M €	+5.0%	1,1 M €	+7.3%	1 M €	-5.3%	1,1 M €	-18.0%	1,3 M €	+83.7%	712,4 k €	+13.4%	628,2 k €	+20.8%	520,2 k €	+21.9%	426,6 k €	+26.3%	337,8 k €
Cash	54,3 k €	+32.6%	41 k €	-84.5%	263,9 k €	-53.2%	563,9 k €	+31.7%	428,3 k €	+50.3%	285,1 k €	+93.0%	147,7 k €	+102%	73,2 k €	-83.1%	432,9 k €	+1987%	20,7 k €	-84.9%	137,6 k €	+26.5%	108,8 k €	-84.0%	679,2 k €	+6411%	10,4 k €	-98.4%	650,5 k €	+1417%	42,9 k €	-45.1%	78,1 k €	+176%	28,3 k €	-83.9%	175,5 k €	+182%	62,3 k €
Debts	10,1 k €	-85.3%	68,6 k €	+78.7%	38,4 k €	-90.9%	419,8 k €	+2417%	16,7 k €	-3.2%	17,2 k €	+86.9%	9,2 k €	+91.3%	4,8 k €	-55.4%	10,8 k €	+120%	4,9 k €	-41.6%	8,4 k €	-29.7%	12 k €	+56.3%	7,6 k €	-83.6%	46,5 k €	-88.1%	392,1 k €	+1426%	25,7 k €	+17.5%	21,9 k €	-1.4%	22,2 k €	+8.4%	20,4 k €	+4.8%	19,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		2,0 ETP	-42.9%	3,5 ETP	+25.0%	2,8 ETP	+16.7%	2,4 ETP	+9.1%	2,2 ETP	-12.0%	2,5 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 31/12/2025 · 2 active · 3 ended

Active mandates

Alois Boden

Director

Active

Greta Milbou

Director

Active

Ended mandates

Greta Milbou

Manager · since 27 juillet 2011

Ended

Alois Boden

Manager

Ended

Greta Milbou

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	23/06/2026	09/07/2025	24/06/2024	14/07/2023	05/07/2022	27/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	07/07/2023	17/06/2022	09/07/2021
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
Micro model	31/12/2025	19/06/2026	23/06/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	09/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	07/07/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	09/07/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	05/09/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	06/07/2007	26/07/2007	Dutch	PDF

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 31/12/2025 · 2 active · 3 ended

Active mandates

Alois Boden

Director

Active

Greta Milbou

Director

Active

Ended mandates

Greta Milbou

Manager · since 27 juillet 2011

Ended

Alois Boden

Manager

Ended

Greta Milbou

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/03/2018
KAPITAAL - AANDELEN
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Registered office18/08/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - 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

2025
Annual accounts 202585,4 k €↓
2024
Annual accounts 202487,8 k €↓
2023
Annual accounts 2023106,2 k €↑
2022
Annual accounts 202291,6 k €↓
2021
Annual accounts 2021140,2 k €↑
2020
Annual accounts 202060,4 k €↑
2019
Annual accounts 201959,5 k €↑
2018
Annual accounts 201824,6 k €↓
2017
Annual accounts 201781,9 k €↑
2016
Annual accounts 201624,9 k €↓
2015
Annual accounts 201557,8 k €↓
2014
Annual accounts 201469,8 k €↑
2013
Annual accounts 201368 k €↓
2012
Annual accounts 2012113,6 k €↓
2011
Annual accounts 2011431,1 k €↑
2011
Name changeBoden-Milbou
2010
Annual accounts 201084,8 k €↓
2009
Annual accounts 2009106,9 k €↑
2008
Annual accounts 200894,6 k €↑
2007
Annual accounts 200789,7 k €↑
2006
Annual accounts 200661,5 k €
2006
Name changeVERZEKERINGEN ALOIS BODEN
02/02/1994
IncorporationPrivate 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

BODEN-MILBOU

Overview

What does BODEN-MILBOU 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