MIDI SILVER
ActiveSummary
The computed 12-month bankruptcy probability of MIDI SILVER is 3.6% (moderate). The 2024 annual accounts show equity of €8,508 and a net result of €14,488. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+16
Solvency33▲+17
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05 against 0.86 in 2023; short-term debt: 92.3% and cash: 13.7% of total assets), and 92.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2024Solvency, return and age of the figures
Solvency
7.7%
Return on assets
13%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
38 d early
2024
30 d early
2023
26 d early
2022
27 d early
2021
29 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€8,508
2023 · -€5,980
Total assets
€111,107▲ 76.1%
2023 · €63,099
Net result
€14,488▲ 9,875%
2023 · €145
Working capital
€5,508
2023 · -€9,980
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,755-€1,486-€9,381€286€14,840▲ 5,087%
Net result€727within the sector's middle half-€214within the sector's middle half▼ 70.5%-€10,067below the sector's middle half€145within the sector's middle half€14,488within the sector's middle half▲ 9,875%
Equity€3,727below the sector's middle half-€3,942below the sector's middle half▲ 5.8%-€6,125below the sector's middle half-€5,980below the sector's middle half▲ 2.4%€8,508within the sector's middle half
Total assets€26,047below the sector's middle half-€34,700below the sector's middle half▲ 33.2%€38,169below the sector's middle half▲ 10.0%€63,099within the sector's middle half▲ 65.3%€111,107within the sector's middle half▲ 76.1%
Debt€22,319-€30,759▲ 37.8%€44,294▲ 44.0%€69,078▲ 56.0%€102,599▲ 48.5%
Working capital€3,727within the sector's middle half-€3,942within the sector's middle half▲ 5.8%-€6,125within the sector's middle half-€9,980within the sector's middle half▼ 62.9%€5,508within the sector's middle half
Solvency14.3%within the sector's middle half-11.4%within the sector's middle half▼ 3.0pp-16.0%below the sector's middle half▼ 27.4pp-9.5%below the sector's middle half▲ 6.6pp7.7%within the sector's middle half▲ 17.1pp
Current ratio1.17within the sector's middle half-1.13within the sector's middle half▼ 0.040.86within the sector's middle half▼ 0.270.86within the sector's middle half▼ 0.011.05within the sector's middle half▲ 0.20
Return on assets (ROA)2.8%within the sector's middle half-0.6%within the sector's middle half▼ 2.2pp-26.4%below the sector's middle half▼ 27.0pp0.2%within the sector's middle half▲ 26.6pp13.0%above the sector's middle half▲ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5,087% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €111,107
Fixed assets
€3,000 ▼ 25.0%
Current assets
€108,107 ▲ 82.9%
Equity and liabilities €111,107
Equity
€8,508
Debt
€102,599
Debt finances 92.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€15,840▲
2023 · €1,286
Cash flow
€15,488▲
2023 · €1,145
Quick ratio
0.15▲
2023 · 0.14
Debt to equity
12.06▲
2023 · -11.55
ROE
170.3%
Interest coverage
50.59▲
2023 · 9.13
Debt ≤ 1 year
€102,599▲
2023 · €69,078
Income taxes
€39
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,153 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,085 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €9 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,000 | €1,000 | = |
| Other operating charges640/8 | - | - | - | - | €780 | - |
| Gross operating margin9900 | -€1,490 | €1,486 | -€9,373 | €1,286 | €16,620 | ▲ 1,192% |
| Operating profit (loss)9901 | -€2,755 | €1,486 | -€9,381 | €286 | €14,840 | ▲ 5,087% |
| Financial charges65/66B | - | €1,078 | €593 | €141 | €313 | ▲ 122% |
| Recurring financial charges65 | €518 | €1,078 | €593 | €141 | €313 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €727 | €409 | -€9,974 | €145 | €14,527 | ▲ 9,902% |
| Income taxes67/77 | - | €194 | €93 | - | €39 | - |
| Profit (loss) for the period9904 | €727 | €214 | -€10,067 | €145 | €14,488 | ▲ 9,875% |
| Profit (loss) for the period to be appropriated9905 | €727 | €214 | -€10,067 | €145 | €14,488 | ▲ 9,875% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,047 | €34,700 | €38,169 | €63,099 | €111,107 | ▲ 76.1% |
| Fixed assets21/28 | - | - | - | €4,000 | €3,000 | ▼ 25.0% |
| Intangible fixed assets21 | - | - | - | €4,000 | €3,000 | ▼ 25.0% |
| Current assets29/58 | €26,047 | €34,700 | €38,169 | €59,099 | €108,107 | ▲ 82.9% |
| Stocks and contracts in progress3 | €21,455 | €32,455 | €32,455 | €49,455 | €92,905 | ▲ 87.9% |
| Stocks30/36 | - | €32,455 | €32,455 | €49,455 | €92,905 | ▲ 87.9% |
| Cash at bank and in hand54/58 | €4,592 | €2,245 | €5,714 | €9,643 | €15,202 | ▲ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,047 | €34,700 | €38,169 | €63,099 | €111,107 | ▲ 76.1% |
| Equity10/15 | €3,727 | €3,942 | -€6,125 | -€5,980 | €8,508 | ▲ 242% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €150 | €150 | €150 | €150 | €150 | = |
| Non-distributable reserves130/1 | - | €150 | €150 | €150 | €150 | = |
| Legal reserve130 | - | €150 | €150 | €150 | €150 | = |
| Profit (loss) carried forward14 | €577 | €792 | -€9,275 | -€9,130 | €5,358 | ▲ 159% |
| Amounts payable17/49 | €22,319 | €30,759 | €44,294 | €69,078 | €102,599 | ▲ 48.5% |
| Amounts payable within one year42/48 | €22,319 | €30,759 | €44,294 | €69,078 | €102,599 | ▲ 48.5% |
| Trade debts44 | €22,083 | €29,471 | €42,223 | €56,567 | €6,203 | ▼ 89.0% |
| Suppliers440/4 | - | €29,471 | €42,223 | €56,567 | €6,203 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | €1,287 | €2,071 | €749 | €3,704 | ▲ 395% |
| Taxes450/3 | - | €1,287 | €2,071 | €749 | €3,704 | ▲ 395% |
| Other amounts payable47/48 | - | - | - | €11,763 | €92,692 | ▲ 688% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €727 | €214 | -€10,067 | €145 | €14,488 | ▲ 9,875% |
| + Depreciation and write-downs630 | - | - | - | €1,000 | €1,000 | = |
| Operating cash flow (approximation) | €727 | €214 | -€10,067 | €1,145 | €15,488 | ▲ 1,252% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€2,346 | €3,469 | €3,929 | €5,558 | ▲ 41.5% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €14,488 ▲9,875%
Operating result €14,840, net result €14,488, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €145
Net result €145 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€10,067
Net result drops to -€10,067, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
Ground area
97 m²
Building footprint
97 m²
Volume, LiDAR
995 m³
Parcel 21562A0141/00K000, Brussels · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MIDI SILVER
since 20202.301.394.383
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0141/00K000 | Brussels | 97 m² | 1 · 97 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,017 companies in sector 47770 we hold annual accounts for 899. 331 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
46480Wholesale trade
46861Wholesale of diamonds and other precious stones
47784Retail sale of souvenirs and religious articles
Contact
E-mail
ghabrorami2022@gmail.com
Phone
+32498133988
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741788692
Also
9925:BE0741788692
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.