MIDDELHOF
ActiveMIDDELHOF has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €-142k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 91% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-78
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 13.21 against 15.92 in 2024; short-term debt: 4.9% and cash: 62.2% of total assets), and 8.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
91.3%
Return on assets
-8.9%
Age of the figures
9 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
42 d early
2023
26 d late
2022
28 d late
2021
67 d late
2020
26 d late
2019
54 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.46M▼ 8.9%
2024 · €1.60M
2018: €2.03M
2019: €1.46M
2020: €1.60M
2021: €890k
2022: €1.06M
2023: €1.30M
2024: €1.60M
2018 → 2025
Total assets
€1.60M▼ 8.1%
2024 · €1.74M
2018: €2.40M
2019: €1.72M
2020: €2.01M
2021: €1.08M
2022: €1.21M
2023: €1.42M
2024: €1.74M
2018 → 2025
Net result
€-142k
2024 · €295k
2018: €91k
2019: €-592k
2020: €745k
2021: €-414k
2022: €174k
2023: €240k
2024: €295k
2018 → 2025
Working capital
€953k▼ 11.1%
2024 · €1.07M
2018: €1.16M
2019: €588k
2020: €989k
2021: €284k
2022: €452k
2023: €720k
2024: €1.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€890k-€1.06M▲ 19.6%€1.30M▲ 22.6%€1.60M▲ 22.6%€1.46M▼ 8.9%
Operating result€-434k-€152k€211k▲ 38.6%€369k▲ 75.5%€136k▼ 63.3%
Net result€-414k-€174k€240k▲ 38.0%€295k▲ 22.6%€-142k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€565k▼ 4.7%
Current assets
€1.03M▼ 9.9%
Equity and liabilities €1.60M
Equity
€1.46M▼ 8.9%
Provisions
€61k▼ 4.7%
Debt
€78k▲ 5.4%
The debt ratio rises from 4.3% to 4.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€146k▼
2024 · €380k
Cash flow
€-131k▼
2024 · €305k
Solvency
91.3%▼
2024 · 92.1%
Current ratio
13.21▼
2024 · 15.92
Quick ratio
13.21▼
2024 · 15.92
Debt / equity
0.05▲
2024 · 0.05
ROE
-9.7%▼
2024 · 18.4%
ROA
-8.9%▼
2024 · 17.0%
Interest coverage
0.50▼
2024 · 13336.47
Debt
€78k▲
2024 · €74k
Debt ≤ 1 year
€78k▲
2024 · €72k
Income taxes
€0▼
2024 · €85k
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€1.74M€1.60M▼
Fixed assets21/28€593k€565k▼
Tangible fixed assets22/27€593k€565k▼
Land and buildings22€593k€565k▼
Current assets29/58€1.14M€1.03M▼
Amounts receivable within one year40/41€333k€35k▼
Trade receivables40€27k€0▼
Other amounts receivable41€306k€35k▼
Current investments50/53€650k€0▼
Cash at bank and in hand54/58€157k€992k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.60M▼
Equity10/15€1.60M€1.46M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.54M€1.40M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€96k€88k▼
Distributable reserves133€1.44M€1.30M▼
Provisions and deferred taxes16€64k€61k▼
Provisions for liabilities and charges160/5€31k€31k=
Major repairs and maintenance162€31k€31k=
Deferred taxes168€32k€29k▼
Amounts payable17/49€74k€78k▲
Amounts payable within one year42/48€72k€78k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€47k€46k▼
Taxes450/3€47k€46k▼
Other amounts payable47/48€23k€23k=
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A€207k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€27k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5k€0▲
Other operating charges640/8€96k€99k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€474k€272k▼
Operating profit (loss)9901€369k€136k▼
Financial income75/76B€7k€14k▲
Recurring financial income75€7k€14k▲
Financial charges65/66B€29€294k▲
Recurring financial charges65€29€294k▲
Profit (loss) for the period before taxes9903€377k€-145k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€85k€0▼
Profit (loss) for the period9904€295k€-142k▼
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€304k€-133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€304k€-133k▼
Transfer from equity791/2-€133k
Transfer to equity691/2€304k€0▼
To the legal reserve6920€304k€0▼
To other reserves6921€0-
The notes to these accounts (6 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 21.25
Current ratio from 8.39 to 21.25; short-term debt falls from €61k to €36k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €174k
Net result €174k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.39
Current ratio from 4.08 to 8.39; short-term debt falls from €92k to €61k.
31-12
Financial
Equity above €1MEq €1.06M ▲19.6%
Equity rises from €890k to €1.06M.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €745k
Net result €745k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €-592k ▼752%
Net result drops to €-592k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Deerlijk · 1 establishment unit since 1987
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.
Vichtesteenweg 2008540 DeerlijkGround area
2.8 ha
Building footprint
2.3 ha
Parcel 34009B0766/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
MIDDELHOF NV
since 19872.029.706.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B0766/00L000 | Flanders | 2.8 ha | 1 · 2.3 ha | - |
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 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-02-1985
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.