MIDCORP
ActiveSummary
For MIDCORP, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €133,397 and a net result of €21,691. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 30357 sector peers (fiscal year 2022). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability81▼-19
Solvency86▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
61.3%
Return on assets
10%
Age of the figures
45 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-10-2023, 85 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
not filed
2023
not filed
2022
85 d late
2021
30 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€133,397▲ 19.4%
2021 · €111,705
Total assets
€217,778▲ 44.1%
2021 · €151,180
Net result
€21,691▼ 59.0%
2021 · €52,924
Working capital
€71,956▼ 23.0%
2021 · €93,451
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Operating result€75,379-€65,890▼ 12.6%€27,603▼ 58.1%
Net result€58,782-€52,924▼ 10.0%€21,691▼ 59.0%
Equity€58,782-€111,705▲ 90.0%€133,397▲ 19.4%
Total assets€88,753-€151,180▲ 70.3%€217,778▲ 44.1%
Debt€29,971-€39,475▲ 31.7%€84,381▲ 114%
Working capital€43,912-€93,451▲ 113%€71,956▼ 23.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 58% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €217,778
Fixed assets
€61,441 ▲ 237%
Current assets
€156,337 ▲ 17.6%
Equity and liabilities €217,778
Equity
€133,397 ▲ 19.4%
Debt
€84,381 ▲ 114%
Debt's share of the balance-sheet total rises from 26.1% to 38.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,376▼
2021 · €69,736
Cash flow
€35,464▼
2021 · €56,769
Current ratio
1.85▼
2021 · 3.37
Debt to equity
0.63▲
2021 · 0.35
ROE
16.3%▼
2021 · 47.4%
ROA
10.0%▼
2021 · 35.0%
Interest coverage
157.05▼
2021 · 385.88
Debt ≤ 1 year
€84,381▲
2021 · €39,475
Income taxes
€6,738▼
2021 · €13,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,267 | €3,845 | €13,773 | ▲ 258% |
| Other operating charges640/8 | - | - | €4,503 | - |
| Gross operating margin9900 | €78,646 | €69,736 | €45,878 | ▼ 34.2% |
| Operating profit (loss)9901 | €75,379 | €65,890 | €27,603 | ▼ 58.1% |
| Financial income75/76B | - | €892 | €1,090 | ▲ 22.1% |
| Recurring financial income75 | €222 | €892 | €1,090 | ▲ 22.1% |
| Financial charges65/66B | - | €181 | €263 | ▲ 45.8% |
| Recurring financial charges65 | €499 | €181 | €263 | ▲ 45.8% |
| Profit (loss) for the period before taxes9903 | €75,102 | €66,602 | €28,429 | ▼ 57.3% |
| Income taxes67/77 | €16,320 | €13,678 | €6,738 | ▼ 50.7% |
| Profit (loss) for the period9904 | €58,782 | €52,924 | €21,691 | ▼ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €58,782 | €52,924 | €21,691 | ▼ 59.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €88,753 | €151,180 | €217,778 | ▲ 44.1% |
| Fixed assets21/28 | €14,870 | €18,254 | €61,441 | ▲ 237% |
| Tangible fixed assets22/27 | €14,870 | €18,254 | €61,441 | ▲ 237% |
| Furniture and vehicles24 | - | €7,419 | €54,036 | ▲ 628% |
| Other tangible fixed assets26 | - | €10,835 | €7,405 | ▼ 31.7% |
| Current assets29/58 | €73,883 | €132,926 | €156,337 | ▲ 17.6% |
| Amounts receivable after more than one year29 | - | €22,128 | €17,328 | ▼ 21.7% |
| Other amounts receivable291 | - | €22,128 | €17,328 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €39,136 | €71,816 | €121,423 | ▲ 69.1% |
| Trade receivables40 | - | €34,852 | €66,295 | ▲ 90.2% |
| Other amounts receivable41 | - | €36,964 | €55,128 | ▲ 49.1% |
| Cash at bank and in hand54/58 | €34,747 | €38,982 | €16,173 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | - | €1,413 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €88,753 | €151,180 | €217,778 | ▲ 44.1% |
| Equity10/15 | €58,782 | €111,705 | €133,397 | ▲ 19.4% |
| Profit (loss) carried forward14 | €58,782 | €111,705 | €133,397 | ▲ 19.4% |
| Amounts payable17/49 | €29,971 | €39,475 | €84,381 | ▲ 114% |
| Amounts payable within one year42/48 | €29,971 | €39,475 | €84,381 | ▲ 114% |
| Trade debts44 | €5,098 | €965 | €5,882 | ▲ 509% |
| Suppliers440/4 | - | €965 | €5,882 | ▲ 509% |
| Taxes, remuneration and social security45 | - | €38,509 | €26,336 | ▼ 31.6% |
| Taxes450/3 | - | €38,509 | €26,336 | ▼ 31.6% |
| Other amounts payable47/48 | - | - | €52,163 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,782 | €52,924 | €21,691 | ▼ 59.0% |
| + Depreciation and write-downs630 | €3,267 | €3,845 | €13,773 | ▲ 258% |
| Operating cash flow (approximation) | €62,049 | €56,769 | €35,464 | ▼ 37.5% |
| Investment in fixed assets (approximation) | - | -€7,230 | -€56,959 | ▼ 688% |
| Change in cash | - | €4,235 | -€22,809 | ▼ 639% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Weakest financial yearnet €21,691 ▼59%
Net result drops to €21,691, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €111,705 ▲90%
2 profitable years in a row build equity to €111,705.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Grez-Doiceau · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
337 m²
Volume, LiDAR
1,267 m³
Parcel 25008A0333/00F000, Wallonia · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Chavée de la Sarte 14, 1390 Grez-Doiceau
since 20192.292.827.305
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25008A0333/00F000 | Wallonia | 1.1 ha | 1 · 337 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
MAKSIM GORKY
BE 0834.415.972
Antwerpen · Eq €133,388
E&V PROJECTS
BE 0653.923.916
Anzegem · Eq €133,388
PS-CvdH
BE 0839.866.679
Waasmunster · Eq €133,406
CCS Creditmanagement Solutions
BE 0886.788.747
Zoersel · Eq €133,387
3DH
BE 0690.742.641
Sint-Gillis-Waas · Eq €133,412
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,881 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded20-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732696626
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.