Summary
The computed 12-month bankruptcy probability of MIDESCO is 3.5% (moderate). The 2008 annual accounts show equity of €140,574 and a net result of €80,689. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2008, full schema
2007 to 2008, 2 fiscal years 2007 to 2008, 2 fiscal years
The operating result rises in 2008; 2008 is 243% above 2007.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Turnover70 | - | €533,152 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,404 | €54,752 | ▲ 13.1% |
| Gross operating margin9900 | €95,982 | €201,792 | ▲ 110% |
| Operating profit (loss)9901 | €40,872 | €140,030 | ▲ 243% |
| Recurring financial income75 | €4,735 | €7,143 | ▲ 50.9% |
| Recurring financial charges65 | €14,935 | €15,178 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €30,672 | €131,995 | ▲ 330% |
| Income taxes67/77 | €13,288 | €51,306 | ▲ 286% |
| Profit (loss) for the period9904 | €17,384 | €80,689 | ▲ 364% |
| Profit (loss) for the period to be appropriated9905 | €17,384 | €80,689 | ▲ 364% |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €502,845 | €656,577 | ▲ 30.6% |
| Fixed assets21/28 | €453,080 | €422,630 | ▼ 6.7% |
| Tangible fixed assets22/27 | €383,080 | €352,630 | ▼ 7.9% |
| Financial fixed assets28 | €70,000 | €70,000 | = |
| Current assets29/58 | €49,765 | €233,947 | ▲ 370% |
| Amounts receivable within one year40/41 | €104 | €53,616 | ▲ 51,454% |
| Current investments50/53 | - | €70,000 | - |
| Cash at bank and in hand54/58 | €22,121 | €67,778 | ▲ 206% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €502,845 | €656,577 | ▲ 30.6% |
| Equity10/15 | €140,385 | €140,574 | ▲ 0.1% |
| Contributions10/11 | €6,500 | €20,000 | ▲ 208% |
| Reserves13 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €131,885 | €118,574 | ▼ 10.1% |
| Amounts payable17/49 | €362,460 | €516,003 | ▲ 42.4% |
| Amounts payable after more than one year17 | €267,793 | €255,647 | ▼ 4.5% |
| Amounts payable within one year42/48 | €94,667 | €190,356 | ▲ 101% |
| Trade debts44 | €5,956 | €22,263 | ▲ 274% |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,384 | €80,689 | ▲ 364% |
| + Depreciation and write-downs630 | €48,404 | €54,752 | ▲ 13.1% |
| Operating cash flow (approximation) | €65,788 | €135,441 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€24,302 | - |
| Change in cash | - | €45,657 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.