Summary
MIDELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €238.3m and a net result of €51.5m. Equity is growing by about 7.4% per year across the filed financial years. Its solvency ranks better than 53% of 2,981 sector peers (NACE 64, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Dit mandaat is onbezoldigd. De vennootschap zal overeenkomstig artikel 20 van de statuten in en buiten rechte vertegenwoordigd worden door…”
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verbonden door de gedelegeerde voor dit bestuur indien er slechts één benoemd werd en door ieder gedelegeerde indien er meerdere zijn…” (deed in Dutch)Other provision: “Geldig vertegenwoordigd door de bijzondere gevolmachtigden binnen de grenzen van hun volmacht, bijzondere gevolmachtigden” (deed in Dutch)
Read from the deeds: 3 provisions, deed of 11-02-2025