MIDESCO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MIDESCO is 0.2% (very low). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. No processed annual-account figures are available; this conclusion rests on registry and State Gazette data only.

Based on State Gazette and CBE data.

Signals

Insufficient current data: the most recent filed accounts (financial year 2008) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-10-2009 was due at the National Bank by 31-05-2010. Nothing is on record today, 5922 days later. 17 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 31-10-2008 was due by 31-05-2009 and was filed on 29-05-2009, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 7 filed financial years, each closing on 31-10. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-10-2008, that is 31-05-2009.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-10-2025	31-05-2026	nothing on record	not filed	-
31-10-2024	31-05-2025	nothing on record	not filed	-
31-10-2023	31-05-2024	nothing on record	not filed	-
31-10-2022	31-05-2023	nothing on record	not filed	-
31-10-2021	31-05-2022	nothing on record	not filed	-
31-10-2020	31-05-2021	nothing on record	not filed	-
31-10-2019	31-05-2020	nothing on record	not filed	-
31-10-2018	31-05-2019	nothing on record	not filed	-
31-10-2017	31-05-2018	nothing on record	not filed	-
31-10-2016	31-05-2017	nothing on record	not filed	-
31-10-2015	31-05-2016	nothing on record	not filed	-
31-10-2014	31-05-2015	nothing on record	not filed	-

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2002, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Annual accounts & ratios

Source: NBB

Financials being processed

NBB has 7 filing(s) on record for this company, latest fiscal year 2008 (volledig). The annual accounts are being processed.

Filings on record

Fiscal year	Type	Filed	Reference
31-10-2008	volledig	29-05-2009	2009-16800171
31-10-2007	volledig	22-05-2008	2008-14800331
31-10-2006	volledig	30-04-2007	2007-13000111
31-10-2005	volledig	25-04-2006	2006-11400240
31-10-2004	volledig	28-04-2005	2005-12900227
31-12-2003	volledig	27-04-2004	2004-11800242
31-10-2002	volledig	08-05-2003	2003-13100195