ACTIVE

MILCOM

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Financial year 2024 · closed on 31/12/2024

Net result

22,1 k €

+502.6% YoY

Gross margin

30,8 k €

+492.3% YoY

Equity

121,4 k €

+22.3% YoY

What does MILCOM do?

MILCOM is a Public limited company incorporated in 2002. Its main activity is: Market research and public opinion polling. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.547.727

Incorporation

17/05/2002

Legal form

Public limited company

Registered office

Clos de Wagram 11
1180 Uccle · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 70210Public relations and communication activities 73300Advertising and market research 74141Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	30,8 k €	+492%	5,2 k €	-82.9%	30,4 k €	+473%	5,3 k €	-89.2%	49 k €	-39.0%	80,3 k €	-23.8%	105,4 k €	-40.3%	176,7 k €	-51.1%	361,1 k €	-16.0%	430,1 k €	+23.5%	348,2 k €	-20.0%	435,1 k €	-9.6%	481,5 k €	+1.8%	472,9 k €	+36.2%	347,3 k €	-4.8%	364,6 k €	-2.1%	372,6 k €	+146%	151,7 k €
EBITDA	30 k €	+523%	4,8 k €	-83.8%	29,8 k €	+557%	4,5 k €	-90.4%	47,4 k €	+96.9%	24,1 k €	+164%	-37,6 k €	-229%	-11,4 k €	-1044%	-1 k €	+51.6%	-2,1 k €	-121%	9,8 k €	-79.5%	47,8 k €	-4.7%	50,2 k €	-32.1%	73,8 k €	+138%	31 k €	-63.4%	84,7 k €	+246%	24,5 k €	+328%	-10,7 k €
Operating result	30 k €	+523%	4,8 k €	-83.8%	29,8 k €	+557%	4,5 k €	-89.4%	42,9 k €	+123%	19,2 k €	+137%	-51,4 k €	-97.7%	-26 k €	-29.7%	-20,1 k €	-17.0%	-17,1 k €	+9.9%	-19 k €	-167%	28,3 k €	-5.1%	29,8 k €	-37.0%	47,2 k €	+759%	5,5 k €	-91.9%	67,6 k €	+1001%	6,1 k €	+128%	-22,2 k €
Net result	22,1 k €	+503%	3,7 k €	-83.0%	21,7 k €	+709%	2,7 k €	-90.5%	28,2 k €	+37.0%	20,6 k €	+142%	-49,5 k €	-99.0%	-24,9 k €	-588%	5,1 k €	-65.1%	14,6 k €	-8.4%	15,9 k €	+34.8%	11,8 k €	-51.3%	24,3 k €	-44.9%	44,1 k €	+270%	11,9 k €	-66.9%	36 k €	+42.0%	25,4 k €	+213%	-22,4 k €
Balance sheet
Equity	121,4 k €	+22.3%	99,2 k €	+3.8%	95,6 k €	+29.3%	73,9 k €	+3.8%	71,2 k €	+58.0%	45,1 k €	+69.8%	26,6 k €	-66.0%	78,1 k €	-65.6%	226,8 k €	+2.3%	221,7 k €	+7.0%	207,1 k €	+8.3%	191,2 k €	+6.6%	179,4 k €	+15.7%	155,1 k €	+39.7%	111 k €	+12.0%	99,1 k €	+57.0%	63,1 k €	+67.2%	37,8 k €
Total assets	219,6 k €	+26.3%	173,9 k €	+4.6%	166,2 k €	-9.3%	183,3 k €	-13.5%	212 k €	+28.3%	165,3 k €	-10.9%	185,4 k €	-60.6%	470,8 k €	+3.1%	456,6 k €	-26.3%	619,4 k €	-35.2%	955,4 k €	+55.4%	614,7 k €	+32.4%	464,4 k €	-15.8%	551,8 k €	+9.2%	505,3 k €	-2.1%	516,1 k €	-18.9%	636,1 k €	+209%	205,9 k €
Cash	38 k €	+33.3%	28,5 k €	-29.8%	40,6 k €	-24.2%	53,5 k €	+12.2%	47,7 k €	-29.6%	67,8 k €	-21.2%	85,9 k €	+26.6%	67,9 k €	-25.7%	91,4 k €	-56.2%	208,6 k €	-55.9%	473 k €	+160%	182,1 k €	+69.8%	107,3 k €	+165%	40,5 k €	-17.0%	48,8 k €	-41.5%	83,3 k €	+206%	27,3 k €	-69.7%	89,9 k €
Debts	98,2 k €	+31.6%	74,6 k €	+5.7%	70,6 k €	-35.4%	109,4 k €	-22.3%	140,8 k €	+17.1%	120,2 k €	-24.4%	158,9 k €	-59.5%	392,7 k €	+70.9%	229,8 k €	+1.5%	226,4 k €	+102%	112,1 k €	-63.9%	310,4 k €	+9.0%	284,7 k €	-28.2%	396,7 k €	+0.6%	394,2 k €	-5.5%	417 k €	-27.2%	573 k €	+241%	168,1 k €
Other
Workforce	–		–		–		–		–		–		3,0 ETP	-28.6%	4,2 ETP	-31.1%	6,1 ETP	-20.8%	7,7 ETP	+10.0%	7,0 ETP	-13.6%	8,1 ETP	-8.0%	8,8 ETP	+20.5%	7,3 ETP	+32.7%	5,5 ETP	+5.8%	5,2 ETP	-7.1%	5,6 ETP	+19.1%	4,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 11 ended

Active mandates

DANIEL HERMAN

Director · since 14 mai 2008

Active

IDIT NEVO

Managing director · since 14 mai 2008

Active

NATRA-HUDSON (EUROPE)

Director · 0426.819.004

Represented by Barbara Weisser

Active

Ended mandates

DANIEL HERMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

IDIT NEVO

Managing director · since 05 juin 2014 · until 04 juin 2020

Ended

DANIEL HERMAN

Director · since 14 mai 2008 · until 14 mai 2014

Ended

IDIT NEVO

Managing director · since 14 mai 2008 · until 14 mai 2014

Ended

At this address

Other companies at this address

Company	CBE no.
MARBECK (BENELUX)● Liquidation	0439.349.424
NATRA-HUDSON (EUROPE)● Active	0426.819.004

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/12/2025	09/10/2024	10/10/2024	25/01/2023	27/10/2021	17/12/2020
General meeting	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021	04/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	05/06/2025	26/12/2025	French	PDF
Micro model	31/12/2023	06/06/2024	09/10/2024	French	PDF
Micro model	31/12/2022	01/06/2023	10/10/2024	French	PDF
Micro model	31/12/2021	02/06/2022	25/01/2023	French	PDF
Micro model	31/12/2020	03/06/2021	27/10/2021	French	PDF
Micro model	31/12/2019	04/06/2020	17/12/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	04/06/2009	20/08/2009	French	PDF
Abridged model	30/06/2007	14/12/2007	21/01/2008	French	PDF
Abridged model	30/06/2006	15/12/2006	01/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2024 · 3 active · 11 ended

Active mandates

DANIEL HERMAN

Director · since 14 mai 2008

Active

IDIT NEVO

Managing director · since 14 mai 2008

Active

NATRA-HUDSON (EUROPE)

Director · 0426.819.004

Represented by Barbara Weisser

Active

Ended mandates

DANIEL HERMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

IDIT NEVO

Managing director · since 05 juin 2014 · until 04 juin 2020

Ended

DANIEL HERMAN

Director · since 14 mai 2008 · until 14 mai 2014

Ended

IDIT NEVO

Managing director · since 14 mai 2008 · until 14 mai 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/05/2024
SIEGE SOCIAL
PDF
Mandates17/01/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office30/08/2010
SIEGE SOCIAL
PDF
Mandates27/10/2008
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/12/2007
ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other10/09/2002
DIVERS
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

2024
Annual accounts 202422,1 k €↑
2023
Annual accounts 20233,7 k €↓
2022
Annual accounts 202221,7 k €↑
2021
Annual accounts 20212,7 k €↓
2020
Annual accounts 202028,2 k €↑
2019
Annual accounts 201920,6 k €↑
2018
Annual accounts 2018-49,5 k €↓
2017
Annual accounts 2017-24,9 k €↓
2016
Annual accounts 20165,1 k €↓
2015
Annual accounts 201514,6 k €↓
2014
Annual accounts 201415,9 k €↑
2013
Annual accounts 201311,8 k €↓
2012
Annual accounts 201224,3 k €↓
2011
Annual accounts 201144,1 k €↑
2010
Annual accounts 201011,9 k €↓
2009
Annual accounts 200936 k €↑
2008
Annual accounts 200825,4 k €↑
2007
Annual accounts 2007-22,4 k €
17/05/2002
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

MILCOM

Overview

What does MILCOM do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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