MIDA
ActiveSummary
MIDA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441k and a net result of €77k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-11
Solvency72▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.84 in 2024; short-term debt: 52.6% and cash: 32.7% of total assets), and 53.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.6%
Return on assets
8.1%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
on the day
2023
on the day
2022
on the day
2021
71 d early
2019
49 d late
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€441k▲ 0.4%
2024 · €439k
2018: €88klowest value
2019: €143k▲ +63.0% vs 2018
2021: €232k
2022: €384k▲ +65.3% vs 2021
2023: €418k▲ +8.9% vs 2022
2024: €439k▲ +5.1% vs 2023
2025: €441k▲ +0.4% vs 2024highest value
2018 → 2025
Total assets
€946k▲ 10.5%
2024 · €856k
2018: €139klowest value
2019: €219k▲ +57.4% vs 2018
2021: €240k
2022: €694k▲ +189% vs 2021
2023: €829k▲ +19.5% vs 2022
2024: €856k▲ +3.3% vs 2023
2025: €946k▲ +10.5% vs 2024highest value
2018 → 2025
Net result
€77k▼ 47.5%
2024 · €146k
2018: €9klowest value
2019: €55k▲ +548% vs 2018
2021: €89k
2022: €252k▲ +182% vs 2021highest value
2023: €34k▼ -86.5% vs 2022
2024: €146k▲ +330% vs 2023
2025: €77k▼ -47.5% vs 2024
2018 → 2025
Working capital
€-143k▼ 110%
2024 · €-68k
2018: €35k
2019: €55k▲ +59.3% vs 2018
2021: €137khighest value
2022: €18k▼ -87.1% vs 2021
2023: €-114k▼ -750% vs 2022
2024: €-68k▲ +40.5% vs 2023
2025: €-143k▼ -110% vs 2024lowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€384k▲ 65.3%€418k▲ 8.9%€439k▲ 5.1%€441k▲ 0.4%
2021: €232klowest in 5 years
2022: €384k▲ +65.3% vs 2021
2023: €418k▲ +8.9% vs 2022
2024: €439k▲ +5.1% vs 2023
2025: €441k▲ +0.4% vs 2024highest in 5 years
Operating result€95k-€318k▲ 233%€43k▼ 86.5%€152k▲ 254%€87k▼ 43.0%
2021: €95k
2022: €318k▲ +233% vs 2021highest in 5 years
2023: €43k▼ -86.5% vs 2022lowest in 5 years
2024: €152k▲ +254% vs 2023
2025: €87k▼ -43.0% vs 2024
Net result€89k-€252k▲ 182%€34k▼ 86.5%€146k▲ 330%€77k▼ 47.5%
2021: €89k
2022: €252k▲ +182% vs 2021highest in 5 years
2023: €34k▼ -86.5% vs 2022lowest in 5 years
2024: €146k▲ +330% vs 2023
2025: €77k▼ -47.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €946k
Fixed assets
€591k ▲ 16.6%
Current assets
€354k ▲ 1.5%
Equity and liabilities €946k
Equity
€441k ▲ 0.4%
Debt
€505k ▲ 21.0%
Debt's share of the balance-sheet total rises from 48.7% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173k▼
2024 · €231k
Cash flow
€163k▼
2024 · €225k
Current ratio
0.71▼
2024 · 0.84
Quick ratio
0.68▼
2024 · 0.80
Debt to equity
1.14▲
2024 · 0.95
ROE
17.4%▼
2024 · 33.3%
ROA
8.1%▼
2024 · 17.1%
Interest coverage
21.96▼
2024 · 26.26
Debt ≤ 1 year
€497k▲
2024 · €417k
Income taxes
€2k▲
2024 · €-3k
Staff costs
€540k▼
2024 · €624k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€856k€946k▲
Fixed assets21/28€507k€591k▲
Intangible fixed assets21€205k€184k▼
Tangible fixed assets22/27€302k€408k▲
Plant, machinery and equipment23€259k€355k▲
Furniture and vehicles24€43k€53k▲
Current assets29/58€349k€354k▲
Stocks and contracts in progress3€17k€17k=
Stocks30/36€17k€17k=
Amounts receivable within one year40/41€43k€21k▼
Trade receivables40€43k€21k▼
Cash at bank and in hand54/58€283k€310k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€856k€946k▲
Equity10/15€439k€441k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€24k€24k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€397k€399k▲
Amounts payable17/49€417k€505k▲
Amounts payable within one year42/48€417k€497k▲
Current portion of amounts payable after more than one year42-€30k
Trade debts44€50k€26k▼
Suppliers440/4€50k€26k▼
Taxes, remuneration and social security45€82k€81k▼
Taxes450/3€24k€22k▼
Remuneration and social security454/9€58k€59k▲
Other amounts payable47/48€285k€360k▲
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Non-recurring operating income76A-€716
Remuneration, social security and pensions62€624k€540k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€86k▲
Other operating charges640/8€124€133▲
Gross operating margin9900€854k€713k▼
Operating profit (loss)9901€152k€87k▼
Financial income75/76B€208€45▼
Recurring financial income75€208€45▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€143k€79k▼
Income taxes67/77€-3k€2k▲
Profit (loss) for the period9904€146k€77k▼
Profit (loss) for the period to be appropriated9905€146k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€522k€474k▼
Profit (loss) brought forward from the previous period14P€375k€397k▲
Profit to be distributed694/7€125k€75k▼
Directors or managers695€125k€75k▼
Social balance
Average headcount (FTE)908712.512.5=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €716 | - |
| Remuneration, social security and pensions62 | - | €307k | €509k | €624k | €540k | ▼ 13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €40k | €73k | €79k | €86k | ▲ 9.6% |
| Other operating charges640/8 | - | €1k | - | €124 | €133 | ▲ 7.3% |
| Gross operating margin9900 | €366k | €666k | €624k | €854k | €713k | ▼ 16.6% |
| Operating profit (loss)9901 | €95k | €318k | €43k | €152k | €87k | ▼ 43.0% |
| Financial income75/76B | - | €237 | €241 | €208 | €45 | ▼ 78.6% |
| Recurring financial income75 | €77 | €237 | €241 | €208 | €45 | ▼ 78.6% |
| Financial charges65/66B | - | €10k | €9k | €9k | €8k | ▼ 10.4% |
| Recurring financial charges65 | €7k | €10k | €9k | €9k | €8k | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €89k | €307k | €34k | €143k | €79k | ▼ 45.1% |
| Income taxes67/77 | €-382 | €56k | - | €-3k | €2k | ▲ 161% |
| Profit (loss) for the period9904 | €89k | €252k | €34k | €146k | €77k | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €89k | €252k | €34k | €146k | €77k | ▼ 47.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240k | €694k | €829k | €856k | €946k | ▲ 10.5% |
| Fixed assets21/28 | €96k | €366k | €534k | €507k | €591k | ▲ 16.6% |
| Intangible fixed assets21 | - | €247k | €226k | €205k | €184k | ▼ 10.3% |
| Tangible fixed assets22/27 | €96k | €119k | €308k | €302k | €408k | ▲ 34.8% |
| Plant, machinery and equipment23 | - | €112k | €259k | €259k | €355k | ▲ 36.8% |
| Furniture and vehicles24 | - | €8k | €48k | €43k | €53k | ▲ 23.1% |
| Current assets29/58 | €145k | €327k | €295k | €349k | €354k | ▲ 1.5% |
| Stocks and contracts in progress3 | €15k | €17k | €17k | €17k | €17k | = |
| Stocks30/36 | - | €17k | €17k | €17k | €17k | = |
| Amounts receivable within one year40/41 | €15k | €22k | €63k | €43k | €21k | ▼ 51.4% |
| Trade receivables40 | - | €22k | €63k | €43k | €21k | ▼ 51.4% |
| Cash at bank and in hand54/58 | €103k | €279k | €211k | €283k | €310k | ▲ 9.3% |
| Deferred charges and accrued income490/1 | - | €10k | €4k | €5k | €7k | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240k | €694k | €829k | €856k | €946k | ▲ 10.5% |
| Equity10/15 | €232k | €384k | €418k | €439k | €441k | ▲ 0.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | - | - |
| Other1109/19 | - | €19k | €19k | €19k | - | - |
| Reserves13 | €24k | €24k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €11k | €11k | €11k | €11k | = |
| Distributable reserves133 | - | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €190k | €341k | €375k | €397k | €399k | ▲ 0.5% |
| Amounts payable17/49 | €8k | €310k | €411k | €417k | €505k | ▲ 21.0% |
| Amounts payable within one year42/48 | €8k | €310k | €409k | €417k | €497k | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €30k | - |
| Trade debts44 | €8k | €59k | €41k | €50k | €26k | ▼ 47.9% |
| Suppliers440/4 | - | €59k | €41k | €50k | €26k | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | €101k | €139k | €82k | €81k | ▼ 1.2% |
| Taxes450/3 | - | €64k | €56k | €24k | €22k | ▼ 9.7% |
| Remuneration and social security454/9 | - | €37k | €83k | €58k | €59k | ▲ 2.3% |
| Other amounts payable47/48 | - | €150k | €230k | €285k | €360k | ▲ 26.3% |
| Accrued charges and deferred income492/3 | - | - | €2k | - | €7k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89k | €252k | €34k | €146k | €77k | ▼ 47.5% |
| + Depreciation and write-downs630 | €36k | €40k | €73k | €79k | €86k | ▲ 9.6% |
| Operating cash flow (approximation) | €125k | €291k | €107k | €225k | €163k | ▼ 27.6% |
| Investment in fixed assets (approximation) | - | €-310k | €-240k | €-52k | €-170k | ▼ 225% |
| Change in cash | - | €176k | €-68k | €72k | €26k | ▼ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2018net €252k ▲182%
Operating result €318k, net result €252k, both a record.
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Liquidity times 10current ratio 18.06
Current ratio from 1.73 to 18.06; short-term debt falls from €76k to €8k.
31-03
Financial
Equity above €200kEq €232k ▲62.5%
3 profitable years in a row build equity to €232k.
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Equity above €100kEq €143k ▲63%
2 profitable years in a row build equity to €143k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 83 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 2 establishment units since 1992
Ground area
9,154 m²
Building footprint
4,886 m²
Volume, LiDAR
10,471 m³
2 parcels, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
ROYAL NORTH SEA YACHT CLUB
since 19922.056.626.860
Venetiaanse Gaanderijen
since 20222.328.850.927
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0106/00K000 | Flanders | 8,698 m² | 1 · 4,459 m² | 13.7 m |
| 35382D0869/00A000 | Flanders | 456 m² | 1 · 426 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOostende2.056.626.860
Oostende2.328.850.927
Dual-learning approval
5 live approvalsHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Restaurant en keuken duaal (so)
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 6,659 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-1992
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.