MID'IMMO
ActiveSummary
MID'IMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,749 and a net result of -€20,615. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 39% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €164,749
- Loss
- -€20,615
- DENIS MichaëlManaging director
- LALLEMAND Caroline Christiane JoséeManaging director
- MASSUIR Didier André GermainManaging director
Why 68raises riskLiquidity: current ratio 1.19, cash €1,458, halvedFounded in 2023lowers riskSector: Real estate activities (NACE 68)Size: total assets €1.0mShow the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 37% on solvency, 7% on liquidity, 18% on profitability and 27% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 28 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · full…
- Weakest financial yearnet -€27,561
Financials · financial year 2025, micro format
2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00455837.
2023 to 2025, 3 financial years
The operating result turns negative in 2025: a loss of €2,175 after €3,100 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.5% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €2,801 | €1,047 | ▼ 62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €230 | €294 | €294 | = |
| Other operating charges640/8 | €185 | €950 | €834 | ▼ 12.2% |
| Gross operating margin9900 | -€151 | €4,344 | -€1,047 | - |
| Operating profit (loss)9901 | -€566 | €3,100 | -€2,175 | - |
| Financial charges65/66B | €4,010 | €30,661 | €18,440 | ▼ 39.9% |
| Recurring financial charges65 | €4,010 | €30,661 | €18,440 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | -€4,575 | -€27,561 | -€20,615 | ▲ 25.2% |
| Profit (loss) for the period9904 | -€4,575 | -€27,561 | -€20,615 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,575 | -€27,561 | -€20,615 | ▲ 25.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.1m | €1.0m | ▼ 7.3% |
| Formation expenses20 | €0.001m | €0.001m | €0.001m | ▼ 31.1% |
| Fixed assets21/28 | - | €0 | - | - |
| Tangible fixed assets22/27 | - | €0 | - | - |
| Land and buildings22 | - | €0 | - | - |
| Current assets29/58 | €1.2m | €1.1m | €1.0m | ▼ 7.3% |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.8m | = |
| Stocks30/36 | €0.7m | €0.8m | €0.8m | = |
| Amounts receivable within one year40/41 | €0.5m | €0.2m | €0.2m | ▼ 17.8% |
| Trade receivables40 | €0.5m | €0.04m | €363 | ▼ 99.0% |
| Other amounts receivable41 | €0.001m | €0.2m | €0.2m | = |
| Cash at bank and in hand54/58 | €0.003m | €0.05m | €0.001m | ▼ 96.8% |
| Deferred charges and accrued income490/1 | €146 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.0m | ▼ 7.3% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | ▼ 11.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | = |
| Contributions outside capital11 | - | €0.2m | - | - |
| Other1109/19 | - | €0.2m | - | - |
| Profit (loss) carried forward14 | -€0.005m | -€0.03m | -€0.05m | ▼ 64.1% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.8m | ▼ 6.6% |
| Amounts payable within one year42/48 | €1.0m | €0.9m | €0.8m | ▼ 6.6% |
| Financial debts43 | €0.5m | €0.5m | €0.5m | = |
| Credit institutions430/8 | €0.5m | €0.5m | €0.5m | = |
| Trade debts44 | €0.5m | €0 | €0.001m | - |
| Suppliers440/4 | €0.5m | €0 | €0.001m | - |
| Taxes, remuneration and social security45 | - | €0 | - | - |
| Taxes450/3 | - | €0 | - | - |
| Other amounts payable47/48 | €0.004m | €0.4m | €0.4m | ▼ 13.4% |
| Accrued charges and deferred income492/3 | €185 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,575 | -€27,561 | -€20,615 | ▲ 25.2% |
| + Depreciation and write-downs630 | €230 | €294 | €294 | = |
| Operating cash flow (approximation) | -€4,346 | -€27,267 | -€20,321 | ▲ 25.5% |
| Change in cash | - | €42,817 | -€43,951 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00455837 |
| 31-12-2024 | full format | 27-08-2025 | 2025-00412488 |
| 31-12-2023 | full format | 27-08-2024 | 2024-00376157 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 3
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| DENIS Michaël |
|
| LALLEMAND Caroline Christiane Josée |
|
| MASSUIR Didier André Germain |
|
Owners and capital
Owners
3 ownersOwners 3
- Didier MASSUIRnatural personSourceown accounts 202450%
- Caroline LALLEMANDnatural personSourceown accounts 202425%
- Michael DENISnatural personSourceown accounts 202425%
According to the 2024 annual accounts of MID'IMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- DENIS Michaël Christophe Jean Luc Liliane 75 shares (25%) · €54,375
- LALLEMAND Caroline Christiane Josée 75 shares (25%) · €54,375
- MASSUIR Didier André Germain 150 shares (50%) · €108,750
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-03-2023 Incorporation · €217,500 · 300 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
27-03
Gazette deed
IncorporationAppointments: DENIS Michaël Christophe Jean Luc Liliane, LALLEMAND Caroline Christiane Josée and MASSUIR Didier André Germain · Founder · Founding capital23 facts ▸
- Founder, DENIS Michaël Christophe Jean Luc Liliane
- Incorporation, “MID’IMMO” (deed in French)
- Founder, LALLEMAND Caroline Christiane Josée
- Founder, MASSUIR Didier André Germain
- Founding capital, €217,500
- Other provision, “plan financier préalable, ensemble des éléments prévus à l’article 5:4.CSA” (deed in French)
- Other provision, “conservation du plan financier, daté et paraphé par les fondateurs” (deed in French)
- Other provision, “avantages particuliers attribués à un fondateur ou participant à la constitution” (deed in French)
- Bank account, 217500, “compte spécial ouvert au nom de la société en formation” (deed in French)
- Other provision, “mise à disposition des fonds”, 217500 (deed in French)
- Other provision, “II.STATUTS, arrêt des statuts” (deed in French)
- Capital
- +11 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61322A0323/00S002 | Wallonia | 825 m² | 1 · 824 m² | 12.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MID’IMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, sans_limitation_durée” (deed in French)“Frais_généraux_indépendamment_frais_représentation_voyages_déplacements, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre_actions_nominatives_avec_mentions_CSA” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié_cédant_moitié_acquéreurs_proportionnellement_si_plusieurs…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport_en_numéraire_avec_émission_actions_nouvelles, émission_entièrement_souscrite_ou_plus_aucun_actionnaire_ne_se_prévaut” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of March at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, si aucun autre liquidateur désigné” (deed in French)