Midas Meesterschilders
ActiveThe computed 12-month bankruptcy probability of Midas Meesterschilders is 2.5% (moderate). The 2024 annual accounts show equity of €111k and a net result of €46k. Equity is growing by ~82.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency88▼-12
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 3.9 in 2023; short-term debt: 36.6% and cash: 9.3% of total assets), and 36.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
10 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€111k▲ 70.4%
2023 · €65k
2022: €4k
2023: €65k
2022 → 2024
Total assets
€176k▲ 102%
2023 · €87k
2022: €16k
2023: €87k
2022 → 2024
Net result
€46k▼ 25.2%
2023 · €62k
2022: €801
2023: €62k
2022 → 2024
Working capital
€90k▲ 42.1%
2023 · €63k
2022: €4k
2023: €63k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€4k-€65k▲ 1,619%€111k▲ 70.4%
Operating result€1k-€78k▲ 6,689%€60k▼ 23.6%
Net result€801-€62k▲ 7,583%€46k▼ 25.2%
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 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €176k
Fixed assets
€22k▲ 836%
Current assets
€154k▲ 81.4%
Equity and liabilities €176k
Equity
€111k▲ 70.4%
Debt
€64k▲ 195%
The debt ratio rises from 25.0% to 36.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64k▼
2023 · €78k
Cash flow
€50k▼
2023 · €62k
Solvency
63.4%▼
2023 · 75.0%
Current ratio
2.39▼
2023 · 3.90
Quick ratio
2.39▼
2023 · 3.90
Debt / equity
0.58▲
2023 · 0.33
ROE
41.3%▼
2023 · 94.2%
ROA
26.2%▼
2023 · 70.7%
Interest coverage
233.89▲
2023 · 89.46
Debt
€64k▲
2023 · €22k
Debt ≤ 1 year
€64k▲
2023 · €22k
Income taxes
€13k▼
2023 · €16k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€87k€176k▲
Fixed assets21/28€2k€22k▲
Tangible fixed assets22/27€2k€22k▲
Furniture and vehicles24€2k€22k▲
Current assets29/58€85k€154k▲
Amounts receivable within one year40/41€78k€137k▲
Trade receivables40€56k€109k▲
Other amounts receivable41€22k€28k▲
Cash at bank and in hand54/58€4k€16k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€87k€176k▲
Equity10/15€65k€111k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€62k€108k▲
Amounts payable17/49€22k€64k▲
Amounts payable within one year42/48€22k€64k▲
Trade debts44€613€32k▲
Suppliers440/4€613€32k▲
Taxes, remuneration and social security45€21k€32k▲
Taxes450/3€21k€32k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266€4k▲
Other operating charges640/8€972€364▼
Gross operating margin9900€79k€64k▼
Operating profit (loss)9901€78k€60k▼
Financial income75/76B€590€2k▲
Recurring financial income75€590€2k▲
Non-recurring financial income76B-€883
Financial charges65/66B€875€3k▲
Recurring financial charges65€875€272▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€78k€59k▼
Income taxes67/77€16k€13k▼
Profit (loss) for the period9904€62k€46k▼
Profit (loss) for the period to be appropriated9905€62k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€108k▲
Profit (loss) brought forward from the previous period14P€801€62k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100kEq €111k ▲70.4%
3 profitable years in a row build equity to €111k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2022net €62k ▲7583%
Operating result €78k, net result €62k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.90
Current ratio from 1.30 to 3.90.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
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.
Zoutestraat 1052040 AntwerpenGround area
1,609 m²
Building footprint
147 m²
Volume, LiDAR
557 m³
Parcel 11820C0398/00G002, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Midas Meesterschilders
since 20222.333.327.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820C0398/00G002 | Flanders | 1,609 m² | 1 · 147 m² | 7.5 m · 1 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.
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,664. 2,240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.