MIDDLE CORNER
Open bankruptcyA bankruptcy procedure is open for MIDDLE CORNER according to publications in the Belgian State Gazette; curator: LUCILLE BERMOND.
Summary
The 2024 annual accounts show negative equity (€-102k) and a net result of €-19k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-102k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
27 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-102k▼ 22.5%
2023 · €-83k
2019: €-27khighest in 6 years
2020: €-30k▼ -11.1% vs 2019
2021: €-47k▼ -54.0% vs 2020
2022: €-59k▼ -27.7% vs 2021
2023: €-83k▼ -39.9% vs 2022
2024: €-102k▼ -22.5% vs 2023lowest in 6 years
2019 → 2024
Total assets
€17k▼ 59.6%
2023 · €42k
2019: €72k
2020: €88k▲ +22.1% vs 2019highest in 6 years
2021: €64k▼ -27.2% vs 2020
2022: €76k▲ +18.3% vs 2021
2023: €42k▼ -44.1% vs 2022
2024: €17k▼ -59.6% vs 2023lowest in 6 years
2019 → 2024
Net result
€-19k▲ 21.1%
2023 · €-24k
2019: €-37klowest in 6 years
2020: €-3k▲ +91.9% vs 2019highest in 6 years
2021: €-16k▼ -441% vs 2020
2022: €-13k▲ +20.9% vs 2021
2023: €-24k▼ -83.9% vs 2022
2024: €-19k▲ +21.1% vs 2023
2019 → 2024
Working capital
€-105k▼ 19.1%
2023 · €-88k
2019: €-45khighest in 6 years
2020: €-46k▼ -2.2% vs 2019
2021: €-59k▼ -28.2% vs 2020
2022: €-68k▼ -14.4% vs 2021
2023: €-88k▼ -29.6% vs 2022
2024: €-105k▼ -19.1% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-30k-€-47k▼ 54.0%€-59k▼ 27.7%€-83k▼ 39.9%€-102k▼ 22.5%
2020: €-30khighest in 5 years
2021: €-47k▼ -54.0% vs 2020
2022: €-59k▼ -27.7% vs 2021
2023: €-83k▼ -39.9% vs 2022
2024: €-102k▼ -22.5% vs 2023lowest in 5 years
Operating result€-8k-€-15k▼ 88.0%€-11k▲ 25.7%€-23k▼ 111%€-18k▲ 22.0%
2020: €-8khighest in 5 years
2021: €-15k▼ -88.0% vs 2020
2022: €-11k▲ +25.7% vs 2021
2023: €-23k▼ -111% vs 2022lowest in 5 years
2024: €-18k▲ +22.0% vs 2023
Net result€-3k-€-16k▼ 441%€-13k▲ 20.9%€-24k▼ 83.9%€-19k▲ 21.1%
2020: €-3khighest in 5 years
2021: €-16k▼ -441% vs 2020
2022: €-13k▲ +20.9% vs 2021
2023: €-24k▼ -83.9% vs 2022lowest in 5 years
2024: €-19k▲ +21.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2024 against €23k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€3k ▼ 30.5%
Current assets
€14k ▼ 63.1%
Key figures and ratios
EBITDA
€-17k▲
2023 · €-20k
Cash flow
€-17k▲
2023 · €-20k
Solvency
-597.2%▼
2023 · -197.1%
Current ratio
0.12▼
2023 · 0.30
Quick ratio
0.10▼
2023 · 0.20
Debt to equity
-1.17▲
2023 · -1.51
ROA
-109.8%▼
2023 · -56.2%
Interest coverage
-26.51▲
2023 · -31.73
Debt
€119k▼
2023 · €125k
Debt ≤ 1 year
€118k▼
2023 · €125k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€42k€17k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€164-
Other tangible fixed assets26€4k€3k▼
Current assets29/58€38k€14k▼
Stocks and contracts in progress3€13k€2k▼
Stocks30/36€13k€2k▼
Amounts receivable within one year40/41€21k€11k▼
Trade receivables40€9k€9k▲
Other amounts receivable41€12k€2k▼
Cash at bank and in hand54/58€3k€327▼
Deferred charges and accrued income490/1€1k€280▼
Equity and liabilities
Total equity and liabilities10/49€42k€17k▼
Equity10/15€-83k€-102k▼
Contributions10/11€10k€10k=
Capital10€10k-
Issued capital100€19k-
Uncalled capital101€9k-
Outside capital11-€10k
Share premium1100/10-€10k
Profit (loss) carried forward14€-93k€-112k▼
Amounts payable17/49€125k€119k▼
Amounts payable within one year42/48€125k€118k▼
Financial debts43€1k€1k▼
Credit institutions430/8€1k€1k▼
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€1k€1▼
Taxes450/3€1k€1▼
Other amounts payable47/48€105k€109k▲
Accrued charges and deferred income492/3-€552
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Other operating charges640/8€1k€231▼
Gross operating margin9900€-19k€-16k▲
Operating profit (loss)9901€-23k€-18k▲
Financial income75/76B€87-
Recurring financial income75€87-
Financial charges65/66B€615€630▲
Recurring financial charges65€615€630▲
Profit (loss) for the period before taxes9903€-24k€-19k▲
Profit (loss) for the period9904€-24k€-19k▲
Profit (loss) for the period to be appropriated9905€-24k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-112k▼
Profit (loss) brought forward from the previous period14P€-69k€-93k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €1k | ▼ 61.7% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €231 | ▼ 77.1% |
| Gross operating margin9900 | €-3k | €-9k | €-5k | €-19k | €-16k | ▲ 11.0% |
| Operating profit (loss)9901 | €-8k | €-15k | €-11k | €-23k | €-18k | ▲ 22.0% |
| Financial income75/76B | - | €1 | €141 | €87 | - | - |
| Recurring financial income75 | €2k | €1 | €141 | €87 | - | - |
| Financial charges65/66B | - | €2k | €2k | €615 | €630 | ▲ 2.4% |
| Recurring financial charges65 | €1k | €1k | €2k | €615 | €630 | ▲ 2.4% |
| Non-recurring financial charges66B | - | €108 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-3k | €-16k | €-13k | €-24k | €-19k | ▲ 21.1% |
| Profit (loss) for the period9904 | €-3k | €-16k | €-13k | €-24k | €-19k | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-16k | €-13k | €-24k | €-19k | ▲ 21.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88k | €64k | €76k | €42k | €17k | ▼ 59.6% |
| Fixed assets21/28 | €16k | €13k | €8k | €5k | €3k | ▼ 30.5% |
| Tangible fixed assets22/27 | €16k | €13k | €8k | €5k | €3k | ▼ 30.5% |
| Furniture and vehicles24 | - | €6k | €3k | €164 | - | - |
| Other tangible fixed assets26 | - | €7k | €6k | €4k | €3k | ▼ 28.0% |
| Current assets29/58 | €72k | €51k | €67k | €38k | €14k | ▼ 63.1% |
| Stocks and contracts in progress3 | €28k | €25k | €12k | €13k | €2k | ▼ 85.7% |
| Stocks30/36 | - | €25k | €12k | €13k | €2k | ▼ 85.7% |
| Amounts receivable within one year40/41 | €19k | €19k | €44k | €21k | €11k | ▼ 45.7% |
| Trade receivables40 | - | €11k | €34k | €9k | €9k | ▲ 0.3% |
| Other amounts receivable41 | - | €8k | €10k | €12k | €2k | ▼ 82.9% |
| Cash at bank and in hand54/58 | €25k | €6k | €11k | €3k | €327 | ▼ 87.5% |
| Deferred charges and accrued income490/1 | - | €956 | €1k | €1k | €280 | ▼ 74.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88k | €64k | €76k | €42k | €17k | ▼ 59.6% |
| Equity10/15 | €-30k | €-47k | €-59k | €-83k | €-102k | ▼ 22.5% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Capital10 | - | €10k | €10k | €10k | - | - |
| Issued capital100 | - | €19k | €19k | €19k | - | - |
| Uncalled capital101 | - | €9k | €9k | €9k | - | - |
| Outside capital11 | - | - | - | - | €10k | - |
| Share premium1100/10 | - | - | - | - | €10k | - |
| Profit (loss) carried forward14 | €-40k | €-57k | €-69k | €-93k | €-112k | ▼ 20.1% |
| Amounts payable17/49 | €118k | €110k | €135k | €125k | €119k | ▼ 5.1% |
| Amounts payable within one year42/48 | €118k | €110k | €135k | €125k | €118k | ▼ 5.5% |
| Financial debts43 | - | €2k | €948 | €1k | €1k | ▼ 1.0% |
| Credit institutions430/8 | - | €2k | €948 | €1k | €1k | ▼ 1.0% |
| Trade debts44 | €18k | €10k | €33k | €17k | €8k | ▼ 52.2% |
| Suppliers440/4 | - | €10k | €33k | €17k | €8k | ▼ 52.2% |
| Taxes, remuneration and social security45 | - | €8k | €7k | €1k | €1 | ▼ 99.9% |
| Taxes450/3 | - | €8k | €7k | €1k | €1 | ▼ 99.9% |
| Other amounts payable47/48 | - | €91k | €94k | €105k | €109k | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €552 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-16k | €-13k | €-24k | €-19k | ▲ 21.1% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €1k | ▼ 61.7% |
| Operating cash flow (approximation) | €1k | €-12k | €-9k | €-20k | €-17k | ▲ 13.6% |
| Investment in fixed assets (approximation) | - | €-983 | €0 | €0 | €0 | - |
| Change in cash | - | €-19k | €5k | €-8k | €-2k | ▲ 71.2% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
14-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 04-07-2025
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
SignalNBB filing
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.
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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, Oudergem · 1 establishment unit since 2018
Ground area
148 m²
Building footprint
111 m²
Volume, LiDAR
738 m³
Parcel 21332E0033/00G041, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MIDDLE CORNER
since 20182.282.799.384
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0033/00G041 | Brussels | 148 m² | 1 · 111 m² | 12.5 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
04-07-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,544 companies in sector 95290 we hold annual accounts for 418. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
95290Repair and maintenance of other personal and household goods
47632Retail sale of bicycles
Scores and ratios are computed by Checked and are not a credit decision.