MIDACO
ActiveMIDACO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247k and a net result of €89k. Equity is growing by ~59.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth85=
Stability94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 6.55 against 8.08 in 2024), and 15.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.7%
Return on assets
30.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-07-2026, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
6 d early
2024
4 d early
2023
10 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€261k▲ 12.4%
2024 · €232k
2023: €140k
2024: €232k
2023 → 2025
EBIT margin
48.8%▼ 10.5pp
2024 · 59.2%
2023: 49.5%
2024: 59.2%
2023 → 2025
Net result
€89k▼ 13.1%
2024 · €102k
2023: €48k
2024: €102k
2023 → 2025
Working capital
€247k▲ 38.9%
2024 · €178k
2023: €61k
2024: €178k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€140k-€232k▲ 66.3%€261k▲ 12.4%
Equity€57k-€159k▲ 177%€247k▲ 55.4%
Operating result€69k-€138k▲ 98.9%€127k▼ 7.5%
Net result€48k-€102k▲ 112%€89k▼ 13.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €292k
Equity
€247k▲ 55.4%
Provisions
€0▼ 100%
Debt
€45k▲ 77.1%
The debt ratio rises from 12.4% to 15.3%: debt grows faster than equity.
Key figures and ratios
Solvency
84.7%▲
2024 · 78.3%
Current ratio
6.55▼
2024 · 8.08
Quick ratio
6.55▼
2024 · 8.08
Debt / equity
0.18▲
2024 · 0.16
ROE
36.0%▼
2024 · 64.4%
ROA
30.5%▼
2024 · 50.4%
Debt
€45k▲
2024 · €25k
Debt ≤ 1 year
€45k▲
2024 · €25k
Income taxes
€41k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€203k€292k▲
Current assets29/58€203k€292k▲
Amounts receivable within one year40/41€875€35k▲
Trade receivables40-€33k
Other amounts receivable41€875€2k▲
Current investments50/53€175k€200k▲
Cash at bank and in hand54/58€26k€56k▲
Deferred charges and accrued income490/1€825€893▲
Equity and liabilities
Total equity and liabilities10/49€203k€292k▲
Equity10/15€159k€247k▲
Contributions10/11€10k€10k=
Reserves13€149k€237k▲
Distributable reserves133€149k€237k▲
Profit (loss) carried forward14€111€275▲
Provisions and deferred taxes16€19k-
Provisions for liabilities and charges160/5€19k-
Major repairs and maintenance162€19k-
Amounts payable17/49€25k€45k▲
Amounts payable within one year42/48€25k€45k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€18k€34k▲
Taxes450/3€18k€34k▲
Other amounts payable47/48€4k€7k▲
Income statement
Code20242025
Turnover70€232k€261k▲
Goods, raw materials, services and sundry goods60/61€75k€134k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€19k-
Other operating charges640/8€475€1k▲
Gross operating margin9900€157k€128k▼
Operating profit (loss)9901€138k€127k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€139k€130k▼
Income taxes67/77€36k€41k▲
Profit (loss) for the period9904€102k€89k▼
Profit (loss) for the period to be appropriated9905€102k€89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€89k▼
Profit (loss) brought forward from the previous period14P€22€111▲
Transfer to equity691/2€102k€88k▼
To other reserves6921€102k€88k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €247k ▲55.4%
3 profitable years in a row build equity to €247k.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €102k ▲112%
Operating result €138k, net result €102k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲177%
2 profitable years in a row build equity to €159k.
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waasmunster · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidslaan 579250 WaasmunsterGround area
2,021 m²
Building footprint
244 m²
Volume, LiDAR
1,405 m³
Parcel 42023B0946/00K000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIDACO
since 20232.344.237.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0946/00K000 | Flanders | 2,021 m² | 1 · 244 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
BLUEICE
BE 0869.872.838
Alken · Eq €247k
RESOLIA
BE 0774.851.440
Ottignies-Louvain-la-Neuve · Eq €247k
BVN Engineering
BE 0718.935.591
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INGENIERIE ET SERVICES
BE 0474.857.461
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PHéNX
BE 0653.751.888
Merelbeke-Melle · Eq €247k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,522. 4,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2023
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
70220Business consulting
71209Other technical testing and analysis
74104Other professional, scientific and technical activities
74130Interior design
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.