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MIDELCO

Active Risk: not assessed
Public limited companyfounded 1987active for 39 yearsDoorniksewijk(Kor) 49, 8500 Kortrijk, Belgium19 active companies are registered at this addressKBO/BCE: BE 0430.555.581
Summary

MIDELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €238.3m and a net result of €51.5m, of which €27.1m non-recurring income. Equity is growing by about 7.4% per year across the filed financial years. Its solvency ranks better than 53% of 3,027 sector peers (NACE 64, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.

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MIDELCOActive
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Overview

Activity
Activities of holding companies
NACE 64210
3rd largest company by equity in Kortrijk, Finance and insurance sector2 sites
Size
€1.2mturnover 2025
Staff
1.5 FTE
Equity
€238.3m
Profit
€51.5m
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Board
9 members
Holdings
15
Auditor: BOES & VERRUE BEDRIJFSREVISOREN2025 accounts 47 days early4 of 21 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
47 days early
2024
43 days early
2023
43 days early
2022
40 days early
2021
7 days early
2020
47 days early
2019
11 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end31-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: D.A.S.T. (director) and ARLIMA (director)Permanent representative: Wouter Gabriëls
  2. Annual accounts filedfinancial year 2025 · full…
  3. Highest result from 2019 to 2025net €51.5m ▲143%

Key points

  • Result rose in 2025mostly a one-off income of €27.1m ▲ 143% View
  • Positive: Among the best 5% on net resultsector median €104,664 · 3,029 companies €51.5m View
  • Heads a groupcompanies controlled 9 View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 7 profitable years in a rowprofit 2025: €51.5m, mostly one-off 7 years View

By topic

Financials

Financial year
2025
Turnover
€1.2m
Profit
€51.5m
Solvency
64.4%
Turnover▲ 38.7%
Net result
20192025
Go to Financials

Board & ownership

Board
9 members
Auditor
BOES & VERRUE BEDRIJFSREVISOREN
  • Philippe VlerickChair
  • D.A.S.T.Director
  • GABRIËLS WouterDirector
  • BV ARLIMADirector
  • Barbara VlerickDirector

and 4 other directors

Go to Board & ownership

Network & group

Subsidiaries, all levels
9
Direct holdings
15
Connected companies
21

15 holdings

Go to Network & group

Timeline

Events
57
Since
1988
Next accounts
by 31-01-2027
  1. 11-02-2025Reappointments: Philippe Vlerick, Patricia Bouckaert and 5…
  2. 19-12-2024Annual accounts filed
  3. 28-05-2024Resignation: Wouter Garbriëls (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Activities of holding companiesNACE 64210
Founded
25-02-1987
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MIDELCO

What is the company number of MIDELCO?
0430.555.581. In Belgium the VAT number is the company number with BE in front: BE 0430.555.581.
Where is MIDELCO based?
The registered office is at Doorniksewijk(Kor) 49, 8500 Kortrijk.Company details
What does MIDELCO do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of MIDELCO?
Public limited company (NV).
When was MIDELCO founded?
On 25-02-1987.
Is MIDELCO still active?
Yes, MIDELCO is an active enterprise in the KBO register.
How many employees does MIDELCO have?
On average 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MIDELCO?
€1.2m in financial year 2025, according to the filed annual accounts.
Is MIDELCO profitable?
In financial year 2025, MIDELCO made a profit of €51.5m.
Where can I find the annual accounts of MIDELCO?
MIDELCO filed 51 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MIDELCO due?
By 31-01-2027, for financial year 2026.Timeline

Companies related to MIDELCO

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies Which other companies belong to the same group?MIDELCO · 9 companies

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