Checked.be
Active
BE 0846.342.420Private limited company
MIDAS TECH
Steenboklaan 7 ·1200 Sint-Lambrechts-Woluwe, Belgium· 14 yrs active
Sector: Computer consultancy and computer facilities management
(62200)
Conclusion
MIDAS TECH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €339k and a net result of €-51k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 20795 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €339k |
| Net result | €-51k |
| Better than sector | 95% |
| Active | 14 yrs |
Financial profile
57
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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
52
/ 100
Fair
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
€18k
estimate, not credit advice
Score history
93
2022
70
2023
52
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 16.44 (≥ 1.5)
+10
Quick ratio
Quick ratio 16.44 (≥ 1.0)
+5
Leverage
Debt/equity 0.04 (< 1.0)
+10
Profitability
Negatieve ROE -15%
-10
Interest coverage
Interest coverage -43.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-07-2026 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.9%/year over 3 fiscal years, indicative, assuming unchanged policy.
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 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 96.3% | 62.9% | |
| Net result | €-51k | €27k | |
| Equity | €339k | €74k | |
| Gross operating margin | €-21k | €53k | |
| Total assets | €352k | €136k |
€-23k
-
22-24
€-51k
-184.3%
22-24
€-20k
-
22-24
€352k
-14.1%
22-24
€339k
-13.1%
22-24
€201k
-12.0%
22-24
€791
-98.3%
22-24
€13k
-33.0%
22-24
€13k
+10.2%
22-24
€8k
-49.6%
22-24
16.44
-19.1%
22-24
16.44
-19.1%
22-24
96.3%
+1.1%
22-24
0.04
-22.9%
22-24
-15.1%
-227.2%
22-24
-14.5%
-230.8%
22-24
-43.14
-
22-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | - | -92.9% | - |
| Net profit | -184.3% | - | - |
| Cash flow | - | -91.8% | - |
| Staff costs | - | - | - |
| Income taxes | - | -98.3% | - |
| Dividends | - | - | - |
| Total assets | -14.1% | -9.6% | - |
| Equity | -13.1% | -4.4% | - |
| Debt | -33.0% | -56.8% | - |
| of which ≤ 1y | +10.2% | -60.4% | - |
| of which > 1y | - | -49.6% | - |
| Working capital | -12.0% | +2.9% | - |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 16.44 | 20.34 | 8.45 |
| Quick ratio | 16.44 | 20.34 | 8.45 |
| Working capital ratio | 57.1% | 55.7% | 49.0% |
| Solvency | 96.3% | 95.3% | 90.1% |
| Debt / equity | 0.04 | 0.05 | 0.11 |
| Long-term debt ratio | - | 0.02 | 0.04 |
| Interest coverage | -43.14 | 22.37 | 230.53 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -14.5% | -4.4% | 30.3% |
| ROE | -15.1% | -4.6% | 33.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €352k | €410k | €453k |
| Fixed assets | 21/28 | €138k | €170k | €202k |
| Tangible fixed assets | 22/27 | €138k | €170k | €202k |
| Financial fixed assets | 28 | €25 | €25 | €25 |
| Current assets | 29/58 | €214k | €240k | €252k |
| Amounts receivable within one year | 40/41 | €60k | €14k | - |
| Investments | 50/53 | €2k | €2k | €2k |
| Cash & bank | 54/58 | €152k | €225k | €250k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €352k | €410k | €453k |
| Equity | 10/15 | €339k | €391k | €409k |
| Contributions / capital | 10/11 | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €331k | €382k | €400k |
| Amounts payable | 17/49 | €13k | €19k | €45k |
| Amounts payable after one year | 17 | - | €8k | €15k |
| Amounts payable within one year | 42/48 | €13k | €12k | €30k |
| Trade debts payable within one year | 44 | €4k | €4k | €7k |
| Income statement | ||||
| Gross operating margin | 9900 | €-21k | €17k | €219k |
| Operating result | 9901 | €-54k | €-17k | €186k |
| Financial income | 75 | €3k | - | - |
| Financial charges | 65 | €522 | €688 | €943 |
| Result before taxes | 9903 | €-51k | €-17k | €185k |
| Income taxes | 67/77 | - | €791 | €47k |
| Net result for the period | 9904 | €-51k | €-18k | €137k |
| Result to be appropriated | 9905 | €-51k | €-18k | €137k |
Legal Structure
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 05-06-2012 |
| Status | Active |
| Postal code | 1200 |
Establishment units
Steenboklaan 7, 1200 Sint-Lambrechts-Woluwe
since 20122.241.018.219
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0230/00A002 | Brussels | 183 m² | 1 · 52 m² | 8.7 m · 2 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
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 449 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 814 days late
2024
30-09
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
2023
30-09
Financial
Liquidity doublescurrent ratio 20.34
Current ratio from 8.45 to 20.34; short-term debt falls from €30k to €12k.
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
03-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
IT consultancy62020Computer consultancy and computer facilities management62200Computer programming, consultancy and related activities62010Computer programming, consultancy and related activities62030Computer programming62100
Names & trade names
| Legal nameFR | MIDAS TECH |
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