MICLEDI MICRODISPLAYS

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for MICLEDI MICRODISPLAYS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €5.07M and a net result of €-4.94M.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events

24-04-2026

Bankruptcy Opening

Date: 16-04-2026 · Ondernemingsrechtbank Leuven · MICLEDI MICRODISPLAYS BV SLUISSTRAAT 79/3.01, 3000 LEUVEN · Publications in State Gazette ↗

Full timeline and publications

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

Filing behaviour not assessed

The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	04-07-2025	27 d early	2025-00232890
31-12-2023	31-07-2024	21-06-2024	40 d early	2024-00150490
31-12-2022	31-07-2023	03-07-2023	28 d early	2023-00198615
31-12-2021	31-07-2022	29-06-2022	32 d early	2022-20106891
31-12-2020	31-07-2021	25-06-2021	36 d early	2021-25200148

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

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-4.94M

Working capital€3.87M

Directors2

CSV export

Annual accounts & ratios

Source: NBB · 2021

Annual accounts filed on 04-07-2025 with the NBB · fiscal year 2024 · verkort

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€232k
Net profit	€-4.94M
Cash flow	€579k
Staff costs	€285k
Income taxes	€-351k
Dividends	-
Total assets	€5.98M
Equity	€5.07M
Debt	€913k
of which ≤ 1y	€913k
of which > 1y	-
Working capital	€3.87M
Employees (FTE)	2.9

Ratios (computed)

	2021
Current ratio	5.24
Quick ratio	5.24
Working capital ratio	64.7%
Solvency	84.7%
Debt / equity	0.18
Long-term debt ratio	-
Interest coverage	63.22
Gross margin	-
Net margin	-
ROA	-82.6%
ROE	-97.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €1.20M · 20.0% Current assets €4.78M · 80.0%

Equity & liabilities

Equity €5.07M · 84.7% Debt €913k · 15.3%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€5.98M
Fixed assets	21/28	€1.20M
Intangible fixed assets	21	€1.15M
Tangible fixed assets	22/27	€39k
Financial fixed assets	28	€8k
Current assets	29/58	€4.78M
Amounts receivable within one year	40/41	€173k
Cash & bank	54/58	€3.84M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5.98M
Equity	10/15	€5.07M
Contributions / capital	10/11	€13.30M
Accumulated profits (losses)	14	€-8.23M
Amounts payable	17/49	€913k
Amounts payable within one year	42/48	€913k
Trade debts payable within one year	44	€882k
Income statement
Gross operating margin	9900	€518k
Operating result	9901	€-5.29M
Financial income	75	€1
Financial charges	65	€4k
Result before taxes	9903	€-5.29M
Income taxes	67/77	€-351k
Net result for the period	9904	€-4.94M
Result to be appropriated	9905	€-4.94M

Ratios computed by Checked.

Health barometer

FY 2021 · computed

13 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

15 directors

16 of this company's 16 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Marc Wachsmuth
Ceo ad interim
State Gazette act 25046736 (09-04-2025)

Current
09-04-2025 → present
Olivier Rousseaux
Director
State Gazette act 24150132 (21-10-2024)

Current
21-10-2024 → present
HEBBELYNCK Vincent Luc
Pmv bestuurder
State Gazette act 24376460 (14-03-2024)

Current
14-03-2024 → present
2 events
- 14-03-2024 Appointed· Pmv bestuurder
- 08-03-2021 Resigned· Fpim bestuurder
CEURREMANS Marc Jaak
Fpim bestuurder
State Gazette act 21314820 (08-03-2021)

Current
08-03-2021 → present
LORD Sean Barry
Ceo
State Gazette act 21314820 (08-03-2021)

Current
08-03-2021 → present
3 events
- 08-03-2021 Resigned· Ceo
- 08-03-2021 Appointed· Ceo
- 10-01-2020 Appointed· Ceo
SCHREVER Koen Julius
Kbc focus fund bestuurder
State Gazette act 21314820 (08-03-2021)

Current
08-03-2021 → present

Show 3 more sitting directors

VANCURA Cyril Jan
Imec.xpand bestuurder
State Gazette act 24376460 (14-03-2024)

Current
08-03-2021 → present
3 events
- 14-03-2024 Appointed· Imec.xpand bestuurder
- 08-03-2021 Resigned· Imec.xpand bestuurder
- 08-03-2021 Appointed· Imec.xpand bestuurder
VANDENAMEELE-LEPLA Patrick Pierre
Imec bestuurder
State Gazette act 21314820 (08-03-2021)

Current
08-03-2021 → present
3 events
- 08-03-2021 Resigned· Imec bestuurder
- 08-03-2021 Appointed· Imec bestuurder
- 10-01-2020 Appointed· Imec bestuurder
STEUDEL Sören
Founder bestuurder
State Gazette act 21314820 (08-03-2021)

Current
10-01-2020 → present
5 events
- 17-05-2023 Resigned· Director
- 08-03-2021 Resigned· Founder bestuurder
- 08-03-2021 Appointed· Founder bestuurder
- 10-01-2020 Resigned· Director
- 10-01-2020 Appointed· Founder bestuurder

Historic, not recently confirmed (1)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

Participatiemaatschappij Vlaanderen
Investeerder bestuurder
State Gazette act 20302431 (10-01-2020)

Not recently confirmed
last confirmed in an act from 2020

Permanent representatives (2)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

Vincent Hebbelynck
Vaste vertegenwoordiger
State Gazette act 20132452 (10-11-2020)

Permanent representative
10-11-2020 → present
Bertoud Coose
Vaste vertegenwoordiger
State Gazette act 20132452 (10-11-2020)

Permanent representative
- → 10-11-2020

Former directors (5)

John Seonaidh MacDonald
Onafhankelijke bestuurder
State Gazette act 20054401 (30-04-2020)

Former
30-04-2020 → 09-04-2025
2 events
- 09-04-2025 Resigned· Director
- 30-04-2020 Appointed· Onafhankelijke bestuurder
Sean Lord
Ceo
State Gazette act 22077740 (30-06-2022)

Former
30-06-2022 → 09-04-2025
2 events
- 09-04-2025 Resigned· Ceo
- 30-06-2022 Appointed· Ceo
Patrick Vandenameele
Director
State Gazette act 24150132 (21-10-2024)

Former
- → 21-10-2024
IMEC.XPAND
Investeerder bestuurder
State Gazette act 20302431 (10-01-2020)

Former
10-01-2020 → 14-03-2024
2 events
- 14-03-2024 Resigned· Imec.xpand bestuurder
- 10-01-2020 Appointed· Investeerder bestuurder
MITYASHIN Alexander Vladimirovich
Director
State Gazette act 20302431 (10-01-2020)

Former
- → 10-01-2020

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

1 auditor

Statutory auditor	IRE/IBR number	Tenure
BDO Bedrijfsrevisoren-BDO Reviseurs d'Entreprises BVCurrent Statutory auditor	-	02-10-2025 → present

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

2 mandates

Role	Name	Tenure	Source
Curator	JACQUES ARNAUTS-SMEETS HERSELTSE- STEENWEG 5, 3200 AARSCHOT	16-04-2026 → present	Belgian State Gazette
Curator	GUNTHER PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT-	16-04-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	Overige diensten op het gebied van informatietechnologie en computer(62900)
Legal form	Private limited company(610)
Incorporation	09-10-2019
Status	Active
Postal code	3000
First BS signal	24-04-2026
Latest BS signal	24-04-2026

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

82 companies at this address See who is registered here

Establishment units

1 location

MICLEDI MICRODISPLAYS

Sluisstraat 79, 3000 LeuvenVervaardiging van elektronische onderdelen

since 20192.295.215.681

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,959 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24062A0176/00P000	Flanders	1,959 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette

24-04-2026

Bankruptcy Opening

Date: 16-04-2026 · Ondernemingsrechtbank Leuven · MICLEDI MICRODISPLAYS BV SLUISSTRAAT 79/3.01, 3000 LEUVEN · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad · acts

16 acts

Capital history · 1

12-09-2024

v3.2

Address history · 1

07-06-2021

Registered-office move

All acts · 16 updated 10 months ago

2025

02-10-2025 BDO Bedrijfsrevisoren-BDO Reviseurs d'Entreprises BV appointed as statutory auditor Director changes

BDO Bedrijfsrevisoren-BDO Reviseurs d'Entreprises BV, Commissaris

Summary: v3.2