Financials
- Financial year
- 2025
- Total assets
- €37,303
- Loss
- -€20,627
- Solvency
- 25.1%
MIDA FOOD
ActiveSummary
The computed 12-month bankruptcy probability of MIDA FOOD is 7.6% (elevated). The annual accounts of MIDA FOOD for financial year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €9,373 and a net result of -€20,627. Its solvency ranks better than 45% of 4,702 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Full-service restaurants
NACE 56111
1 site
Size
€37,303total assets 2025
- Equity
- €9,373
- Loss
- -€20,627
Turnover not published (abbreviated format)
Why 33raises riskSector: Food and beverage service activities (NACE 56)Founded in 2024Latest accounts 49 days late; 1 of the last 3 lateSize: total assets €37,303Show the evidence
Checked score
Score 2025
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 21% of its sector peers (NACE 56, micro)
Financial strength
Weak
Solvency
50
equity 25.1% of total assets
Liquidity
10
short-term debt 74.9% · cash 0.6%
Profitability
0
return on assets -55.3%
Bankruptcy probability, 12 months
7.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 4.1%lowest value
10-2025: 4.1%● unchanged vs 09-2025lowest value
11-2025: 4.2%▲ +0.1 percentage points vs 10-2025
12-2025: 4.6%▲ +0.4 percentage points vs 11-2025
01-2026: 4.7%▲ +0.1 percentage points vs 12-2025
02-2026: 5.0%▲ +0.3 percentage points vs 01-2026
03-2026: 5.0%● unchanged vs 02-2026
04-2026: 5.5%▲ +0.5 percentage points vs 03-2026
05-2026: 5.5%● unchanged vs 04-2026
06-2026: 5.3%▼ -0.2 percentage points vs 05-2026
07-2026: 5.3%● unchanged vs 06-2026
08-2026: 5.8%▲ +0.5 percentage points vs 07-2026
09-2026: 5.8%● unchanged vs 08-2026
10-2026: 7.6%▲ +1.8 percentage points vs 09-2026highest value
No publishable credit limit; credit 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 insufficient (current ratio 0.53, below 1; short-term debt: 74.9% and cash: 0.6% of total assets), and 74.9% of the assets are financed with debt and provisions.
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 56, micro): better than 46% on solvency, 10% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 19-10-2026 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
Five signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
49 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: EL QACEM EL OUALLADI MOHAMMED…Appointment: LAASSAL ADIL (director) ·…
- Resignation: LABROUSSE YOUSSEF (director)Appointment: EL QACEM EL OUALLADI…
Key points
By topic
Board & ownership
- Board
- 1 member
- LAASSAL ADILDirector
Timeline
- Events
- 4
- Since
- 2024
- 03-09-2024Incorporation
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 30-08-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 36
- Annual meeting
- Last Friday of June at 18:00
- Purpose
- “L’exploitation d’établissements de restauration rapide tels que: sandwicheries, pizzérias…” (deed in French)
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