Losses
-€76,460 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
MIDA
Lifetime
18 annual accounts with figures on one time axis, 38 filings since 1986peak €1.9m (2008)
€20,861▲ 185%
lowest -€635,438 (2013)
-€10,260▲ €23,193
peak €1.7m (2019)
€1.6m▼ 0.7%
€1.0m▼ 1.8%
Board3 names since 2018
3 directors and 2 others
Owners
Documentsfilings and deeds
31-07-20261 day late
2025micro format
Gross margin from €7,316 to €20,861Loss of €10,260
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,613 companies had the same profile as MIDA has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,613 companies, not a prediction for MIDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428498587
Registered office moved from Jabbeke to Stalhille
New registered office: Vaartdijknoord 13 8490 Stalhille · Previous registered office: Gistelsteenweg 373, 8490 Jabbeke · Gazette deed
New managing director and chair of the board
appointed, resigned · General meeting of 08-04-2022 · Gazette deed
1 director appointed, 2 reappointments
Reappointments: and · Permanent representatives: and · Appointment: (managing director and chair of the board) · Gazette deed
Official details
Source: KBO- Status
- Active since 30-01-1986Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.034.393.3718490 Jabbeke, registered on 05-12-1986
- Financial year end
- 30 December
- Peppol
- Reachable since 02-01-2026
Insights on MIDA
MIDA files the micro format. That format states no turnover. The gross margin fell from €168,475 in 2006 to €20,861 in 2025.
In July 2022, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MIDA
- What is the company number of MIDA?
- The company number of MIDA is 0428.498.587. The VAT number is the same number with BE in front: BE 0428.498.587.
- Where is MIDA based?
- The registered office is at Vaartdijk-Noord 13, 8490 Jabbeke.Company details
- What is the legal form of MIDA?
- MIDA is a public limited company (NV).
- When was MIDA founded?
- MIDA was founded on 30-01-1986.
- Is MIDA still active?
- Yes, MIDA is an active enterprise in the KBO register.
- What is the turnover of MIDA?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €20,861 and 7,098 comparable companies of the same size. It probably lies between €71,000 and €370,000. It is a rough estimate.Financials
- Is MIDA profitable?
- In financial year 2025, MIDA made a loss of €10,260.
- Where can I find the annual accounts of MIDA?
- MIDA filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIDA due?
- MIDA must file the annual accounts for financial year 2026 by 30-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.