MIDI
ActiveSummary
MIDI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€51,710) and a net result of €6,754. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 934 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+24
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.49 in 2024; short-term debt: 188.7% and cash: 2.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-88.7%
Return on assets
11.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 934 sector peers (2025).
NBB · sector comparisonPosition among 934 sector peers
Solvency
better than 5%
← 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. 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
28 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
111 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€21,900
EBIT margin
60.2%
Net result
€6,754▲ 527%
2024 · €1,077
Working capital
-€51,710▲ 11.6%
2024 · -€58,464
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€21,900
Operating result€5,049▼ 28.0%€13,177▲ 161%-€1,542€1,151€6,754▲ 487%
Net result€4,967▼ 28.5%€13,096▲ 164%-€1,611€1,077€6,754▲ 527%
EBIT margin60.2%
Equity-€71,027▲ 6.5%-€57,931▲ 18.4%-€59,542▼ 2.8%-€58,464▲ 1.8%-€51,710▲ 11.6%
Total assets€24,863▼ 19.6%€40,801▲ 64.1%€54,400▲ 33.3%€55,405▲ 1.8%€58,294▲ 5.2%
Debt€95,890▼ 10.3%€98,731▲ 3.0%€113,942▲ 15.4%€113,870▼ 0.1%€110,005▼ 3.4%
Working capital-€71,027▲ 6.5%-€57,931▲ 18.4%-€59,542▼ 2.8%-€58,464▲ 1.8%-€51,710▲ 11.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 487% above 2024.
Key figures and ratios
Solvency
-88.7%▲
2024 · -105.5%
Current ratio
0.53▲
2024 · 0.49
Debt to equity
-2.13▼
2024 · -1.95
ROA
11.6%▲
2024 · 1.9%
Debt ≤ 1 year
€110,005▼
2024 · €113,870
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €21,900 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €8,300 | - | - | - | - |
| Other operating charges640/8 | €348 | €423 | €384 | €384 | €400 | ▲ 4.0% |
| Gross operating margin9900 | €5,397 | €13,600 | -€1,157 | €1,536 | €7,154 | ▲ 366% |
| Operating profit (loss)9901 | €5,049 | €13,177 | -€1,542 | €1,151 | €6,754 | ▲ 487% |
| Financial income75/76B | - | - | - | €2 | - | - |
| Recurring financial income75 | - | - | - | €2 | - | - |
| Financial charges65/66B | €82 | €81 | €69 | €76 | - | - |
| Recurring financial charges65 | €82 | €81 | €69 | €76 | - | - |
| Profit (loss) for the period before taxes9903 | €4,967 | €13,096 | -€1,611 | €1,077 | €6,754 | ▲ 527% |
| Profit (loss) for the period9904 | €4,967 | €13,096 | -€1,611 | €1,077 | €6,754 | ▲ 527% |
| Profit (loss) for the period to be appropriated9905 | €4,967 | €13,096 | -€1,611 | €1,077 | €6,754 | ▲ 527% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,863 | €40,801 | €54,400 | €55,405 | €58,294 | ▲ 5.2% |
| Current assets29/58 | €24,863 | €40,801 | €54,400 | €55,405 | €58,294 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €18,237 | €33,407 | €53,466 | €54,055 | €56,990 | ▲ 5.4% |
| Trade receivables40 | €16,940 | €33,407 | €41,786 | €44,055 | €46,990 | ▲ 6.7% |
| Other amounts receivable41 | €1,297 | - | €11,680 | €10,000 | €10,000 | = |
| Cash at bank and in hand54/58 | €6,626 | €7,394 | €934 | €1,350 | €1,304 | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,863 | €40,801 | €54,400 | €55,405 | €58,294 | ▲ 5.2% |
| Equity10/15 | -€71,027 | -€57,931 | -€59,542 | -€58,464 | -€51,710 | ▲ 11.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€89,627 | -€76,531 | -€78,142 | -€77,064 | -€70,310 | ▲ 8.8% |
| Amounts payable17/49 | €95,890 | €98,731 | €113,942 | €113,870 | €110,005 | ▼ 3.4% |
| Amounts payable within one year42/48 | €95,890 | €98,731 | €113,942 | €113,870 | €110,005 | ▼ 3.4% |
| Trade debts44 | €10,516 | €14,571 | €5,804 | €11,680 | €24,429 | ▲ 109% |
| Suppliers440/4 | €10,516 | €14,571 | €5,804 | €11,680 | €24,429 | ▲ 109% |
| Taxes, remuneration and social security45 | €3,635 | €2,423 | €3,877 | €2,352 | €1,573 | ▼ 33.1% |
| Taxes450/3 | €3,635 | €2,423 | €3,877 | €2,352 | €1,573 | ▼ 33.1% |
| Other amounts payable47/48 | €81,738 | €81,738 | €104,261 | €99,837 | €84,002 | ▼ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,967 | €13,096 | -€1,611 | €1,077 | €6,754 | ▲ 527% |
| Operating cash flow (approximation) | €4,967 | €13,096 | -€1,611 | €1,077 | €6,754 | ▲ 527% |
| Change in cash | - | €768 | -€6,459 | €416 | -€46 | ▼ 111% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €1,077
Net result €1,077 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€1,611
Net result drops to -€1,611, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €13,096 ▲164%
Operating result €13,177, net result €13,096, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €6,950
Net result €6,950 after one loss-making year.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 111 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Namur · 2 establishment units since 2007
Ground area
6,380 m²
Building footprint
476 m²
Volume, LiDAR
5,321 m³
3 parcels, Brussels, Wallonia · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
MIDI
since 20072.167.671.668
MIDI
since 20082.170.025.404
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92043A0019/02W000 | Wallonia | 5,790 m² | 1 · 138 m² | 8.2 m · 2 fl. |
| 21447B0384/00A007indicative | Brussels | 466 m² | 1 · 233 m² | 21.8 m · 6 fl. |
| 21806F0292/00T009 | Brussels | 124 m² | 1 · 104 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Andenne
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 11,219 companies in sector 82100 we hold annual accounts for 3,509. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893777202
Also
9925:BE0893777202
Registered
13-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.