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Midesti

Active
Private limited companyfounded 2022active for 4 yearsDiepenbekerweg 8, 3500 Hasselt, BelgiumKBO/BCE: BE 0785.310.713
Summary

The computed 12-month bankruptcy probability of Midesti is 9.8% (elevated). The 2025 annual accounts show equity of €42,685 and a net result of €15,615. Equity is growing by about 92% per year across the filed financial years. Its solvency ranks better than 17% of 34,052 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€291,010total assets 2025
Equity
€42,685
Profit
€15,615
Turnover not published (micro format)
Financial health
32 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
9.8%
Structure
  • NEXAR HoldingDirector · permanent representative Arif YÜCEL
Accounts filed 31 days late2 of 4 deeds read
Why 32raises risk2 changes of registered office in 24 monthsFounded in 2022Latest accounts 31 days late; 2 of the last 3 lateLiquidity: current ratio 1.10, cash €8,961Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 40% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 40+7
equity 14.7% of total assets
Liquidity 16+14
short-term debt 69.8% · cash 3.1%
Profitability 75-2
return on assets 5.4%
Bankruptcy probability, 12 months
9.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,540 companies, NACE 43, micro)
Last 24 months 11-2024: 4.0% 12-2024: 3.8%▼ -0.2 percentage points vs 11-2024 01-2025: 3.8%● unchanged vs 12-2024 02-2025: 3.8%● unchanged vs 01-2025 03-2025: 3.8%● unchanged vs 02-2025 04-2025: 4.3%▲ +0.5 percentage points vs 03-2025 05-2025: 4.8%▲ +0.5 percentage points vs 04-2025 06-2025: 4.7%▼ -0.1 percentage points vs 05-2025 07-2025: 9.4%▲ +4.7 percentage points vs 06-2025 08-2025: 9.4%● unchanged vs 07-2025 09-2025: 4.0%▼ -5.4 percentage points vs 08-2025 10-2025: 4.0%● unchanged vs 09-2025 11-2025: 4.0%● unchanged vs 10-2025 12-2025: 4.0%● unchanged vs 11-2025 01-2026: 3.6%▼ -0.4 percentage points vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.6%● unchanged vs 02-2026lowest value 04-2026: 4.2%▲ +0.6 percentage points vs 03-2026 05-2026: 5.1%▲ +0.9 percentage points vs 04-2026 06-2026: 5.3%▲ +0.2 percentage points vs 05-2026 07-2026: 5.3%● unchanged vs 06-2026 08-2026: 5.9%▲ +0.6 percentage points vs 07-2026 09-2026: 4.1%▼ -1.8 percentage points vs 08-2026 10-2026: 9.8%▲ +5.7 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.1, compared with 0.94 in 2024, below the usual 1.5; short-term debt: 69.8% and cash: 3.1% of total assets), and 85.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 17% on solvency, 9% on liquidity, 50% on profitability and 85% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2022
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Latest accounts 31 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.10, cash €8,961
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 34052 sector peers (2025).
NBB · sector comparison
Position among 34052 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
31 days late
2024
35 days early
2023
56 days late
2022
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 21 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Resignation: Esad Imran USTA (director)Appointment: NEXAR Holding (director) ·…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Registered officeRegistered-office move

Key points

  • Caution: Among the weakest 18% on solvencysector median 46.9% · 34,052 companies 14.7% View
  • Caution: Board changedlatest change 02-09-2026 · 1 in office 1 joined · 1 left View
  • Total assets 20254 financial years filed €291,010 View

By topic

Financials

Financial year
2025
Total assets
€291,010
Profit
€15,615
Solvency
14.7%
Total assets▼ 8.7%
Net result
20222025
Go to Financials

Timeline

Events
8
Since
2023
Next accounts
by 31-07-2027
  1. 26-06-2025Annual accounts filed
  2. 31-12-2024Highest result from 2022 to 2025
  3. 25-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
22-04-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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