MIDEL
ActiveSummary
MIDEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.14M and a net result of €1.92M. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 31% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+27
Solvency44▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 0.08 in 2024; short-term debt: 7.8% and cash: 0.3% of total assets), but 81.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
18.6%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €8.14M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
29 d late
2022
92 d late
2021
47 d late
2020
30 d late
2019
60 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.92M
2024 · €-850k
2018: €612k
2019: €250k
2020: €-11k
2021: €-421k
2022: €-290k
2023: €-67k
2024: €-850k
2018 → 2025
Working capital
€2.24M
2024 · €-4.37M
2018: €-4.93M
2019: €-4.39M
2020: €-2.43M
2021: €-11.04M
2022: €-7.59M
2023: €-5.07M
2024: €-4.37M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.47M-€7.17M▼ 4.0%€7.09M▼ 1.1%€6.23M▼ 12.1%€8.14M▲ 30.7%
Operating result€556k-€818k▲ 47.0%€1.32M▲ 61.1%€579k▼ 56.1%€3.84M▲ 563%
Net result€-421k-€-290k▲ 31.2%€-67k▲ 77.0%€-850k▼ 1,173%€1.92M
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 563% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.65M
Fixed assets
€37.99M ▼ 8.6%
Current assets
€5.66M ▲ 1,378%
Equity and liabilities €43.65M
Equity
€8.14M ▲ 30.7%
Provisions
€530k
Debt
€34.98M ▼ 2.0%
Debt's share of the balance-sheet total falls from 85.1% to 80.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.73M▲
2024 · €2.54M
Cash flow
€3.81M▲
2024 · €1.11M
Current ratio
1.65▲
2024 · 0.08
Debt to equity
4.30▼
2024 · 5.73
ROE
23.6%▲
2024 · -13.6%
ROA
4.4%▲
2024 · -2.0%
Interest coverage
4.00▲
2024 · 1.76
Debt ≤ 1 year
€3.42M▼
2024 · €4.75M
Debt > 1 year
€31.52M▲
2024 · €30.91M
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€41.94M€43.65M▲
Fixed assets21/28€41.55M€37.99M▼
Tangible fixed assets22/27€41.55M€37.99M▼
Land and buildings22€41.34M€37.81M▼
Plant, machinery and equipment23€204k€180k▼
Furniture and vehicles24€992€418▼
Financial fixed assets28€3k€3k=
Current assets29/58€383k€5.66M▲
Amounts receivable within one year40/41€353k€1.52M▲
Trade receivables40€324k€583k▲
Other amounts receivable41€30k€934k▲
Current investments50/53-€4.00M
Cash at bank and in hand54/58€28k€134k▲
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€41.94M€43.65M▲
Equity10/15€6.23M€8.14M▲
Contributions10/11€1.95M€1.95M=
Capital10€1.95M€1.95M=
Issued capital100€1.95M€1.95M=
Reserves13€4.26M€6.18M▲
Non-distributable reserves130/1€195k€195k=
Legal reserve130€195k€195k=
Tax-exempt reserves132-€1.59M
Distributable reserves133€4.06M€4.39M▲
Investment grants15€28k€17k▼
Provisions and deferred taxes16-€530k
Deferred taxes168-€530k
Amounts payable17/49€35.71M€34.98M▼
Amounts payable after more than one year17€30.91M€31.52M▲
Financial debts170/4€30.91M€31.52M▲
Amounts payable within one year42/48€4.75M€3.42M▼
Current portion of amounts payable after more than one year42€2.02M€2.02M▲
Financial debts43€2.50M€1.00M▼
Credit institutions430/8€2.50M€1.00M▼
Trade debts44€139k€246k▲
Suppliers440/4€139k€246k▲
Taxes, remuneration and social security45€23k€24k▲
Taxes450/3€23k€24k▲
Other amounts payable47/48€71k€128k▲
Accrued charges and deferred income492/3€46k€42k▼
Income statement
Code20242025
Non-recurring operating income76A€0€2.38M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.96M€1.89M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€23k€9k▼
Other operating charges640/8€283k€356k▲
Non-recurring operating charges66A€674k€0▼
Gross operating margin9900€3.52M€6.09M▲
Operating profit (loss)9901€579k€3.84M▲
Financial income75/76B€17k€43k▲
Recurring financial income75€17k€43k▲
Financial charges65/66B€1.45M€1.43M▼
Recurring financial charges65€1.45M€1.43M▼
Profit (loss) for the period before taxes9903€-850k€2.45M▲
Transfer to deferred taxes680-€530k
Profit (loss) for the period9904€-850k€1.92M▲
Transfer to tax-exempt reserves689-€1.59M
Profit (loss) for the period to be appropriated9905€-850k€332k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-850k€332k▲
Transfer from equity791/2€850k€0▼
Transfer to equity691/2-€332k
To other reserves6921-€332k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Back to profitnet €1.92M
Net result €1.92M after 5 loss-making years.
31-12
Financial
Liquidity times 21current ratio 1.65
Current ratio from 0.08 to 1.65; short-term debt falls from €4.75M to €3.42M.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-850k
Net result drops to €-850k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Zottegem · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langestraat 539620 ZottegemGround area
1.1 ha
Building footprint
4,695 m²
Volume, LiDAR
31,112 m³
Parcel 41020A0706/00S000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Langestraat 53, 9620 Zottegem
since 19982.088.872.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41020A0706/00S000 | Flanders | 1.1 ha | 1 · 4,695 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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TACK IMMOBILIEN
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Zwalm · Eq €8.05M
ADEL YAHIA CONSULT
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Immo - PDG
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Gent · Eq €8.00M
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 1,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.