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 Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of company auditors
NACE 69203
Size
€533,152turnover 2008
- Equity
- €140,574
- Profit
- €80,689
Financial health
- Bankruptcy probabilitywithin 12 months
- 3.5%
2008 figures too old to score
Signalsraises riskFigures for financial year 2008 (filed 09-06-2009)3 financial years not filed after the legal deadlineNo registered site in the KBOlowers riskSector: Legal and accounting activities (NACE 69)neutralNo filing for yearsLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2008 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2008 · tick = 2007
Strong
Solvency
46-7
equity 21.4% of total assets
Liquidity
51+1
short-term debt 29.0% · cash 10.3%
Profitability
84+38
return on assets 12.3%
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.6%highest value
12-2024: 3.6%● unchanged vs 11-2024highest value
01-2025: 3.6%● unchanged vs 12-2024highest value
02-2025: 3.6%● unchanged vs 01-2025highest value
03-2025: 3.5%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 3.5%● unchanged vs 03-2025lowest value
05-2025: 3.5%● unchanged vs 04-2025lowest value
06-2025: 3.5%● unchanged vs 05-2025lowest value
07-2025: 3.5%● unchanged vs 06-2025lowest value
08-2025: 3.5%● unchanged vs 07-2025lowest value
09-2025: 3.5%● unchanged vs 08-2025lowest value
10-2025: 3.5%● unchanged vs 09-2025lowest value
11-2025: 3.5%● unchanged vs 10-2025lowest value
12-2025: 3.5%● unchanged vs 11-2025lowest value
01-2026: 3.5%● unchanged vs 12-2025lowest value
02-2026: 3.5%● unchanged vs 01-2026lowest value
03-2026: 3.5%● unchanged vs 02-2026lowest value
04-2026: 3.5%● unchanged vs 03-2026lowest value
05-2026: 3.5%● unchanged vs 04-2026lowest value
06-2026: 3.5%● unchanged vs 05-2026lowest value
07-2026: 3.5%● unchanged vs 06-2026lowest value
08-2026: 3.5%● unchanged vs 07-2026lowest value
09-2026: 3.5%● unchanged vs 08-2026lowest value
10-2026: 3.5%● unchanged vs 09-2026lowest value
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Signals
Six signals.
lowers riskraises riskneutral
neutral · No filing for years
The last filed financial year closed on 31-10-2008. Since then, 17 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-10-2009 year end31-05-2010 deadline12-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2008 was due by 31-05-2009 and was filed on 29-05-2009, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- Appointment: DESAIVE Michel (director)Purpose change · Auditor report…
- Annual accounts filedfinancial year 2008 · full…
- Liquidity more than doubledcurrent ratio 1.23
Financials · financial year 2008, full format
Turnover
€533,152
EBIT margin
26.3%
Net result
€80,689▲ 364%
2007 · €17,384
Working capital
€43,591
2007 · -€44,902
Trend over the years
2007 to 2008, 2 financial years 2007 to 2008, 2 financial years
The operating result rises in 2008; 2008 is 243% above 2007.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€140,030
2008
Net result€80,689
2008
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€656,577
2008
Equity€140,574
2008
Debt€516,003
2008
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€43,591
2008
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20072008
Turnover€533,152
Operating result€40,872-€140,030▲ 243%
Net result€17,384-€80,689▲ 364%
EBIT margin26.3%
Equity€140,385-€140,574▲ 0.1%
Total assets€502,845-€656,577▲ 30.6%
Debt€362,460-€516,003▲ 42.4%
Working capital-€44,902-€43,591
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €656,577
Fixed assets
€422,630 ▼ 6.7%
Current assets
€233,947 ▲ 370%
Equity and liabilities €656,577
Equity
€140,574 ▲ 0.1%
Debt
€516,003 ▲ 42.4%
Debt's share of the balance-sheet total rises from 72.1% to 78.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€194,782▲
2007 · €89,276
Cash flow
€135,441▲
2007 · €65,788
Current ratio
1.23▲
2007 · 0.53
Debt to equity
1.82▼
2007 · 1.91
ROE
57.4%▲
2007 · 12.4%
ROA
12.3%▲
2007 · 3.5%
Debt ≤ 1 year
€190,356▲
2007 · €94,667
Debt > 1 year
€255,647▼
2007 · €267,793
Income taxes
€51,306▲
2007 · €13,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| 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.
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Of the 935 companies in this sector, figures are known for 656. 521 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2025
DESAIVE Michel
CurrentDirector (not named in the articles) · since 10-12-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| DESAIVE Michel |
|
Owners and capital
Capital and shareholders
Capital over the years
- 10-12-2025 Converted to unavailable equity · €130,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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History
Acts, filings and financial milestones
2025
10-12
Gazette deed
Appointment: DESAIVE Michel (director)Purpose change · Auditor report · Legal-form conversion15 facts ▸
Gazette deed
Appointment: DESAIVE Michel (director)
Purpose change · Auditor report · Legal-form conversion15 facts ▸
- General meeting, 28-11-2025
- Purpose change
- Auditor report, “rapport sur état résumant la situation active et passive arrêtée au 2025-10-31, pas de surévaluation de l’actif net” (deed in French)
- Other provision, “rapport justificatif de l’organe d’administration relatif à la transformation, article 14:5 du Code des sociétés et des associations” (deed in French)
- Other provision, “responsabilités à l’occasion de la transformation, articles 14:12 et 14:13 du Code des sociétés et des associations” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Accounting effect, 31-10-2025
- Other provision, “situation active et passive arrêtée au 2025-10-31, continuité lors de la transformation” (deed in French)
- Other provision, 1000, “répartition des parts lors de la transformation” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “unanimité, rendre disponible pour distribution” (deed in French)
- Director appointment, DESAIVE Michel (director (not named in the articles))
- +3 further facts in this act
2009
29-05
NBB filing
Annual accounts filed
financial year 2008 · full format
2008
31-10
Financial
Liquidity more than doubledcurrent ratio 1.23
Current ratio from 0.53 to 1.23.
22-05
NBB filing
Annual accounts filed
financial year 2007 · full format
2007
30-04
NBB filing
Annual accounts filed
financial year 2006 · full format
2006
25-04
NBB filing
Annual accounts filed
financial year 2005 · full format
2005
28-04
NBB filing
Annual accounts filed
financial year 2004 · full format
2004
27-04
NBB filing
Annual accounts filed
financial year 2003 · full format
2003
08-05
NBB filing
Annual accounts filed
financial year 2002 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded21-01-2002
Financial year end31-10
Activities, NACEBEL 2025
69203Activities of company auditors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476728868
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 12 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion et l’administration, notamment la gestion de domaines privés, la gestion de copropriété, la tenue de la comptabilité des…” (deed in French)
7 activities (deed in French)
- La gestion et l’administration, notamment la gestion de domaines privés, la gestion de copropriété, la tenue de la comptabilité des copropriétés, l’organisation et la convocation des assemblées générales, ainsi que toutes prestations de services, conseils et assistance liés à ces activités
- La gestion, l’entretien et la maintenance des voiries et des infrastructures associées, ainsi que la gestion administrative et la coordination de travaux confiés à des sous-traitants pour l’asphaltage, le nettoyage des avaloirs, l’entretien des abords, le jardinage, la plantation et toutes prestations connexes relatives à la gestion des espaces privés extérieurs
- La gestion, l’entretien, la réfection, la réparation, la coordination et la supervision des équipements et services communs de lotissements ou copropriétés, ainsi que l’exécution des décisions des organes de gestion et de contrôle. Elle assurera également la gestion administrative, financière, et technique liée aux parties communes, y compris l’établissement des comptes et la répartition des charges entre les propriétaires
- L’organisation de séminaires et d’évènements d’entreprise, fourniture et préparation de repas et prestations de services traiteur à destination des participants, tant sur site qu’en itinérance, ainsi que toutes activités connexes ou complémentaires liées à l’événementiel et à la restauration
- Toutes activités de consultance, étude, gestion, coordination, mise en œuvre et suivi de tous services et prestations relatifs au conseil en gestion, organisation, stratégie d’entreprise, optimisation des processus et développement commercial, pour elle-même ou pour le compte de tiers, seule ou en association avec d’autres partenaires
- La gestion, l’administration, la coordination et l’exécution de toutes missions de syndic d’immeubles, de copropriété ou de biens immobiliers, ainsi que la prestation de tous services immobiliers, administratifs et financiers liés à cette fonction
- La constitution et la gestion d’un patrimoine mobilier et immobilier et la location financement de biens immeubles aux tiers, l’acquisition par l’achat ou autrement, la vente, l’échange, la construction, la transformation, l’amélioration, l’équipement, l’aménagement, l’embellissement, l’entretien, la location, la prise en location, le lotissement, la prospection et l’exploitation de biens immobiliers, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier, de même que se porter caution pour la bonne fin d’engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Midesco
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, cabinets,sièges administratifs,agences,ateliers,dépôts et succursales,Belgique et étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée fixe nombre,durée et en cas de pluralité pouvoirs, règles désignation et cessation applicables au représentant” (deed in French)“Unanimité, 1” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “1000, égal” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prix offert par candidat original pour préempteurs et candidat proposé, cédant notifie dans trente jours de l'envoi du refus s'il renonce ou…” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Démission à charge du patrimoine, dernier jour du sixième mois de l'exercice” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of December at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Comme en matière de modification des statuts, assemblée générale” (deed in French)“En tout temps par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pour quelque cause et à quelque moment que ce soit, faculté de l'assemblée générale de désigner un ou plusieurs liquidateurs et déterminer…” (deed in French)