Skip to content
Checked.be
Complete company report
Generated 04-09-2026
Active BE 0707.851.560Private limited company

MIDANE

Picardstraat 198 ·1080 Sint-Jans-Molenbeek, Belgium· 7 yrs active
Sector: Retail trade (47712)
Conclusion Checked

The computed 12-month bankruptcy probability of MIDANE is 3.0% (moderate). The 2024 annual accounts show equity of €65k and a net result of €61k. Equity is growing by ~437.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 873 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €65k
Net result €61k
Staff (FTE) 12.5
Better than sector 45%
Financial profile 5 of 5 axes measured · computed by Checked
Health76Profitability100Solvency23Growth78Stability100
75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 76
Profitability 100
Solvency 23
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2024 · computed
76 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
51 2023
76 2024
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 1.13 (≥ 1.0) +5
Quick ratio Quick ratio 1.13 (≥ 1.0) +5
Leverage Debt/equity 6.12 (> 3.0) -10
Profitability ROE 93% (≥ 10%) +10
Interest coverage Interest coverage 77.0× (≥ 3×) +8
Profit trend Net profit up YoY +5
Equity growth Equity growing YoY +3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · full schema
€0€20k€40k€60kOperating result 2023: €13k€13kNet result 2023: €13k€13kOperating result 2024: €61k€61kNet result 2024: €61k€61k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~437.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-50k€0€50k€100k€150k€200k2025: €102k (€97k - €107k)2026: €139k (€134k - €144k)2027: €176k (€171k - €181k)2022: €-8k2023: €4k2024: €65k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 14.0% 17.2%
better than 45% of 873 sector peers
Net result €61k €14k
better than 69% of 874 sector peers
Equity €65k €99k
better than 43% of 875 sector peers
Gross operating margin €350k €213k
better than 65% of 801 sector peers
Staff costs €255k €221k
higher than 55% of 721 sector peers
EBITDA
€78k
+318.0% 22-24
Net profit
€61k
+376.9% 22-24
Cash flow
€78k
+313.9% 22-24
Total assets
€465k
+62.4% 22-24
Equity
€65k
+1400.3% 22-24
Working capital
€47k
- 22-24
Employees (FTE)
13
- 22-24
Staff costs
€255k
+282.1% 22-24
Debt
€400k
+41.7% 22-24
Debt ≤ 1y
€369k
+50.4% 22-24
Debt > 1y
€31k
-16.1% 22-24
Current ratio
1.13
+28.1% 22-24
Quick ratio
1.13
+29.8% 22-24
Solvency
14.0%
+824.0% 22-24
Debt / equity
6.12
-90.6% 22-24
ROE
93.3%
-68.2% 22-24
ROA
13.1%
+193.7% 22-24
Interest coverage
76.96
-67.5% 22-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
Fiscal year2024 Δ2023 Δ2022 Δ
Depositfull schemamicro schemamicro schema
Revenue---
EBITDA+318.0%--
Net profit+376.9%--
Cash flow+313.9%--
Staff costs+282.1%--
Income taxes---
Dividends---
Total assets+62.4%+92355.8%-
Equity+1400.3%--
Debt+41.7%+3128.0%-
of which ≤ 1y+50.4%+2705.2%-
of which > 1y-16.1%--
Working capital--246.8%-
Employees (FTE)---
Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
202420232022
Current ratio1.130.880.04
Quick ratio1.130.870.04
Working capital ratio10.1%-10.2%-2720.6%
Solvency14.0%1.5%-2720.6%
Debt / equity6.1264.80-1.04
Long-term debt ratio0.478.49-
Interest coverage76.96236.54-
Gross margin---
Net margin---
ROA13.1%4.5%-
ROE93.3%293.6%-
EBITDA margin---
Days sales outstanding---
Days payable outstanding---
Inventory turnover---
Days inventory (DSI)---
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code202420232022
Balance sheet, Assets
TOTAL ASSETS 20/58€465k€287k€310
Fixed assets 21/28€49k€71k-
Tangible fixed assets 22/27€48k€70k-
Financial fixed assets 28€1k€450-
Current assets 29/58€416k€216k€310
Stocks & contracts in progress 3-€3k-
Amounts receivable within one year 40/41€414k€191k€310
Cash & bank 54/58€380€3k-
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€465k€287k€310
Equity 10/15€65k€4k€-8k
Contributions / capital 10/11€6k€6k€6k
Accumulated profits (losses) 14€59k€-2k€-15k
Amounts payable 17/49€400k€282k€9k
Amounts payable after one year 17€31k€37k-
Amounts payable within one year 42/48€369k€245k€9k
Trade debts payable within one year 44€266k€194k-
Income statement
Gross operating margin 9900€350k€85k-
Operating result 9901€61k€13k-
Financial income 75€933€244-
Financial charges 65€1k€79-
Result before taxes 9903€61k€13k-
Net result for the period 9904€61k€13k-
Result to be appropriated 9905€61k€13k-
Legal Structure
NACE primary Retail trade(47712)
Legal form Private limited company(610)
Incorporation05-10-2018
StatusActive
Postal code1080
Establishment units 1 location
MIDANE SOLUTIONS
Picardstraat 198, 1080 Sint-Jans-MolenbeekConstruction of roads and motorways
since 20232.344.328.563
Real-estate footprint Source: CBE × cadastre
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21012A0055/00C002 Brussels 107 m² 1 · 100 m² 15.2 m · 5 fl.
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.
Updates 7 events
2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
09-06
State Gazette act Capital & shares
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
Capital history · 1
09-06-2023
Capital change
All acts · 1 updated 3 years ago
2023
09-06-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "POPA Niculita",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_buyback",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-06-09",
    "filing_date": "2023-06-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-06-01",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-04-22"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0707.851.560",
    "name_full": "MIDANE",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "POPA Niculita",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
General electrical installation work43211Retail trade47712
Names & trade names
Legal nameFR MIDANE
Similar companies Comparable size · 239 of 451 companies in this sector with filed accounts
BRITISH HOUSE BE 0463.527.267 · Liège
PINNOO FASHION BE 0478.700.740 · Kortrijk
ARFOTEX BE 0735.670.764 · Liège
CASACO BE 0563.953.743 · Brussel
OSKA ANTWERPEN BE 0842.929.208 · Antwerpen
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative