MID CONSTRUCT
ActiveSummary
The annual accounts of MID CONSTRUCT for fiscal year 2025 show a net loss of 64% of total assets. The 2025 annual accounts show equity of €18,691 and a net result of -€12,502. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 28051 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth60=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 22.77 against 22.01 in 2024; short-term debt: 4.4% and cash: 17.2% of total assets), and 4.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.6%
Return on assets
-63.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,502
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
12 d early
2022
31 d late
2021
20 d early
2020
25 d early
2019
117 d late
← 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 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€113,058▼ 39.3%
2023 · €186,165
EBIT margin
-7.4%▼ 7.9pp
2023 · 0.5%
Net result
-€12,502▲ 5.6%
2024 · -€13,237
Working capital
€18,691▼ 40.1%
2024 · €31,193
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€90,037€182,470▲ 103%€186,165▲ 2.0%€113,058▼ 39.3%
Operating result€10,278€52,745▲ 413%€987▼ 98.1%-€8,361-€12,644▼ 51.2%
Net result€7,027€33,838▲ 382%-€837-€13,237▼ 1,481%-€12,502▲ 5.6%
EBIT margin11.4%28.9%▲ 17.5pp0.5%▼ 28.4pp-7.4%▼ 7.9pp
Equity€11,429▲ 160%€45,268▲ 296%€44,430▼ 1.9%€31,193▼ 29.8%€18,691▼ 40.1%
Total assets€14,396▼ 36.0%€56,318▲ 291%€65,456▲ 16.2%€32,678▼ 50.1%€19,550▼ 40.2%
Debt€2,967▼ 83.6%€11,050▲ 272%€21,026▲ 90.3%€1,485▼ 92.9%€859▼ 42.2%
Working capital€11,429▲ 160%€44,357▲ 288%€44,430▲ 0.2%€31,193▼ 29.8%€18,691▼ 40.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,644 in 2025 against €8,361 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19,550
Equity
€18,691 ▼ 40.1%
Debt
€859 ▼ 42.2%
Debt's share of the balance-sheet total falls from 4.5% to 4.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
22.77▲
2024 · 22.01
Debt to equity
0.05▼
2024 · 0.05
ROE
-66.9%▼
2024 · -42.4%
ROA
-63.9%▼
2024 · -40.5%
Debt ≤ 1 year
€859▼
2024 · €1,485
Income taxes
€0▼
2024 · €4,623
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €90,037 | €182,470 | €186,165 | €113,058 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €79,263 | €128,226 | €180,881 | €120,489 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €911 | €911 | - | - | - |
| Other operating charges640/8 | €496 | €588 | €3,386 | €930 | €757 | ▼ 18.6% |
| Gross operating margin9900 | €10,775 | €54,244 | €5,284 | -€7,430 | -€11,887 | ▼ 60.0% |
| Operating profit (loss)9901 | €10,278 | €52,745 | €987 | -€8,361 | -€12,644 | ▼ 51.2% |
| Financial income75/76B | €7 | €1 | €183 | - | €321 | - |
| Recurring financial income75 | €7 | €1 | €183 | - | €321 | - |
| Financial charges65/66B | €2,665 | €155 | €159 | €253 | €179 | ▼ 29.2% |
| Recurring financial charges65 | €2,665 | €155 | €159 | €253 | €179 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €7,620 | €52,590 | €1,011 | -€8,613 | -€12,502 | ▼ 45.1% |
| Income taxes67/77 | €593 | €18,752 | €1,848 | €4,623 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,027 | €33,838 | -€837 | -€13,237 | -€12,502 | ▲ 5.6% |
| Profit (loss) for the period to be appropriated9905 | €7,027 | €33,838 | -€837 | -€13,237 | -€12,502 | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,396 | €56,318 | €65,456 | €32,678 | €19,550 | ▼ 40.2% |
| Fixed assets21/28 | - | €911 | - | - | - | - |
| Tangible fixed assets22/27 | - | €911 | - | - | - | - |
| Leasing and similar rights25 | - | €911 | - | - | - | - |
| Current assets29/58 | €14,396 | €55,407 | €65,456 | €32,678 | €19,550 | ▼ 40.2% |
| Amounts receivable within one year40/41 | €6,443 | €7,262 | €41,462 | €25,487 | €15,995 | ▼ 37.2% |
| Trade receivables40 | €5,223 | - | €33,543 | €18,712 | €20 | ▼ 99.9% |
| Other amounts receivable41 | €1,220 | €7,262 | €7,919 | €6,775 | €15,975 | ▲ 136% |
| Cash at bank and in hand54/58 | €7,953 | €48,145 | €23,994 | €6,812 | €3,364 | ▼ 50.6% |
| Deferred charges and accrued income490/1 | - | - | - | €379 | €191 | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,396 | €56,318 | €65,456 | €32,678 | €19,550 | ▼ 40.2% |
| Equity10/15 | €11,429 | €45,268 | €44,430 | €31,193 | €18,691 | ▼ 40.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | €18,650 | €18,650 | €18,650 | €18,650 | - | - |
| Uncalled capital101 | €12,450 | €12,450 | €12,450 | €12,450 | - | - |
| Reserves13 | €1,865 | €1,865 | €1,865 | €1,865 | €1,865 | = |
| Non-distributable reserves130/1 | €1,865 | €1,865 | €1,865 | €1,865 | €1,865 | = |
| Legal reserve130 | €1,865 | €1,865 | €1,865 | €1,865 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,865 | - |
| Profit (loss) carried forward14 | €3,364 | €37,203 | €36,365 | €23,128 | €10,626 | ▼ 54.1% |
| Amounts payable17/49 | €2,967 | €11,050 | €21,026 | €1,485 | €859 | ▼ 42.2% |
| Amounts payable within one year42/48 | €2,967 | €11,050 | €21,026 | €1,485 | €859 | ▼ 42.2% |
| Trade debts44 | €392 | €40 | €21,026 | €1,469 | €859 | ▼ 41.5% |
| Suppliers440/4 | €392 | €40 | €21,026 | €1,469 | €859 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €593 | €11,011 | - | €16 | €0 | ▼ 100% |
| Taxes450/3 | €593 | €11,011 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €16 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1,982 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,027 | €33,838 | -€837 | -€13,237 | -€12,502 | ▲ 5.6% |
| + Depreciation and write-downs630 | - | €911 | €911 | - | - | - |
| Operating cash flow (approximation) | €7,027 | €34,749 | €74 | -€13,237 | -€12,502 | ▲ 5.6% |
| Change in cash | - | €40,192 | -€24,151 | -€17,182 | -€3,448 | ▲ 79.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet -€13,237
Net result drops to -€13,237, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 22.01
Current ratio from 3.11 to 22.01; short-term debt falls from €21,026 to €1,485.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €33,838 ▲382%
Operating result €52,745, net result €33,838, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,027
Net result €7,027 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.85
Current ratio from 1.24 to 4.85; short-term debt falls from €18,086 to €2,967.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Asse · 1 establishment unit since 2018
Ground area
1,004 m²
Building footprint
253 m²
Volume, LiDAR
3,267 m³
2 parcels, Brussels, Flanders · tallest building 18.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MID CONSTRUCT
since 20182.278.605.125
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0567/00Y000 | Flanders | 596 m² | 1 · 84 m² | 10.3 m · 2 fl. |
| 21523B0858/00D000 | Brussels | 408 m² | 1 · 169 m² | 18.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.