IMMO MID-WEST
ActiveIMMO MID-WEST has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €268k. Equity is shrinking by ~47.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+39
Solvency33▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.15 in 2024; short-term debt: 78% and cash: 8.1% of total assets), and 91.9% 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
8.1%
Return on assets
12.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
21 d early
2023
15 d early
2022
7 d early
2021
2 d early
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€175k
2024 · €-93k
2018: €37k
2019: €14k
2020: €-7k
2021: €-30k
2022: €-47k
2023: €-55k
2024: €-93k
2018 → 2025
Total assets
€2.16M▲ 49.1%
2024 · €1.45M
2018: €510k
2019: €487k
2020: €495k
2021: €454k
2022: €433k
2023: €475k
2024: €1.45M
2018 → 2025
Net result
€268k
2024 · €-38k
2018: €-14k
2019: €-23k
2020: €-22k
2021: €-23k
2022: €-17k
2023: €-8k
2024: €-38k
2018 → 2025
Working capital
€50k▼ 73.5%
2024 · €188k
2018: €-431k
2019: €-443k
2020: €-453k
2021: €-181k
2022: €-184k
2023: €228k
2024: €188k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€-47k▼ 57.2%€-55k▼ 16.2%€-93k▼ 69.2%€175k
Operating result€-12k-€-10k▲ 20.7%€238€2k▲ 540%€339k▲ 22,221%
Net result€-23k-€-17k▲ 23.8%€-8k▲ 55.5%€-38k▼ 396%€268k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 22,221% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.16M
Fixed assets
€424k▲ 4,137%
Current assets
€1.73M▲ 20.6%
Equity and liabilities €2.16M
Equity
€175k
Debt
€1.98M
Debt finances 91.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€367k
Cash flow
€296k
Solvency
8.1%▲
2024 · -6.4%
Current ratio
1.03▼
2024 · 1.15
Quick ratio
0.11▼
2024 · 0.14
Debt / equity
11.29▲
2024 · -16.54
ROE
153.1%
ROA
12.5%▲
2024 · -2.6%
Interest coverage
4.33
Debt
€1.98M▲
2024 · €1.54M
Debt ≤ 1 year
€1.68M▲
2024 · €1.25M
Debt > 1 year
€280k=
2024 · €280k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.45M€2.16M▲
Fixed assets21/28€10k€424k▲
Tangible fixed assets22/27-€340k
Land and buildings22-€340k
Financial fixed assets28€10k€84k▲
Current assets29/58€1.44M€1.73M▲
Stocks and contracts in progress3€1.26M€1.55M▲
Stocks30/36€984k€912k▼
Contracts in progress37€273k€637k▲
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€11k€9k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€167k€174k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€2.16M▲
Equity10/15€-93k€175k▲
Contributions10/11€19k€19k=
Reserves13-€157k
Distributable reserves133-€157k
Profit (loss) carried forward14€-112k€0▲
Amounts payable17/49€1.54M€1.98M▲
Amounts payable after more than one year17€280k€280k=
Financial debts170/4€280k€280k=
Amounts payable within one year42/48€1.25M€1.68M▲
Financial debts43€730k€1.14M▲
Credit institutions430/8€730k€1.14M▲
Trade debts44€0€95k▲
Suppliers440/4€0€95k▲
Advances received on contracts in progress46€387k€108k▼
Taxes, remuneration and social security45€7k€97k▲
Taxes450/3€7k€97k▲
Other amounts payable47/48€124k€246k▲
Accrued charges and deferred income492/3€11k€18k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€28k
Other operating charges640/8€19k€11k▼
Gross operating margin9900€20k€378k▲
Operating profit (loss)9901€2k€339k▲
Financial income75/76B€8k€14k▲
Recurring financial income75€8k€14k▲
Financial charges65/66B€48k€85k▲
Recurring financial charges65€48k€85k▲
Profit (loss) for the period before taxes9903€-38k€268k▲
Profit (loss) for the period9904€-38k€268k▲
Profit (loss) for the period to be appropriated9905€-38k€268k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€157k▲
Profit (loss) brought forward from the previous period14P€-74k€-112k▼
Transfer to equity691/2-€157k
To other reserves6921-€157k
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €268k
Net result €268k after 7 loss-making years.
31-12
Financial
Equity above €150kEq €175k
Equity rises from €-93k to €175k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 37current ratio 1.92
Current ratio from 0.05 to 1.92.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Middelkerke · 1 establishment unit since 2006
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.
Zeedijk 1278430 MiddelkerkeGround area
121 m²
Building footprint
135 m²
Volume, LiDAR
3,371 m³
Parcel 35011B0180/00F065, Flanders · tallest building 37.0 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Immo Mid-West
since 20062.153.882.624
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00F065 | Flanders | 121 m² | 1 · 135 m² | 37.0 m · 10 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.
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Algemene Bouwwerken Martin Devolder
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D & D DOMUS CONSTRUCT
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51 NOORD
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2006
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
70111
70112
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.