Payment terms
198 days from customers
Customers pay 94 days later.
MIDIA CONCEPT
Lifetime
5 annual accounts with figures on one time axispeak €48,281 (2020)
€24,779▲ 176%
lowest -€4,949 (2022)
€17,631▲ 188%
peak €51,092 (2024)
€51,092▲ 52.7%
€15,878▲ 392%
Board4 names since 2019
1 directorGheorghe Fratila
Documentsfilings and deeds
01-10-202562 days late
2024micro format
Turnover from €124,295 to €86,026Gross margin from €8,966 to €24,779Result from €6,119 to €17,631Equity from €33,461 to €51,092Debts from €3,229 to €15,878Cash from €659 to €62
Key points
from the 2024 annual accountsChecked score
33
Weak
Financially stronger than 68% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
13.2% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.3%
01-2025: 6.4%▼ -3.9 percentage points vs 12-2024lowest value
02-2025: 6.5%▲ +0.1 percentage points vs 01-2025
03-2025: 6.6%▲ +0.1 percentage points vs 02-2025
04-2025: 7.1%▲ +0.5 percentage points vs 03-2025
05-2025: 12.3%▲ +5.2 percentage points vs 04-2025
06-2025: 11.7%▼ -0.6 percentage points vs 05-2025
07-2025: 6.9%▼ -4.8 percentage points vs 06-2025
08-2025: 7.2%▲ +0.3 percentage points vs 07-2025
09-2025: 8.0%▲ +0.8 percentage points vs 08-2025
10-2025: 10.7%▲ +2.7 percentage points vs 09-2025
11-2025: 7.4%▼ -3.3 percentage points vs 10-2025
12-2025: 7.4%● unchanged vs 11-2025
01-2026: 7.5%▲ +0.1 percentage points vs 12-2025
02-2026: 7.5%● unchanged vs 01-2026
03-2026: 7.5%● unchanged vs 02-2026
04-2026: 7.9%▲ +0.4 percentage points vs 03-2026
05-2026: 8.1%▲ +0.2 percentage points vs 04-2026
06-2026: 7.7%▼ -0.4 percentage points vs 05-2026
07-2026: 7.6%▼ -0.1 percentage points vs 06-2026
08-2026: 8.5%▲ +0.9 percentage points vs 07-2026
09-2026: 9.3%▲ +0.8 percentage points vs 08-2026
10-2026: 13.2%▲ +3.9 percentage points vs 09-2026highest value
11-2026: 13.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
1 financial year not filed after the legal deadline; last filed accounts filed 62 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 03-10-2025)
Liquidity: current ratio 4.22, cash €62, halved
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 92% of them on solvency, 40% on liquidity, 94% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as MIDIA CONCEPT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MIDIA CONCEPT itself is higher: 13.2% within 12 months. It rests on far more data about MIDIA CONCEPT than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for MIDIA CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 4.22 (23.24 in 2023), above the usual 1.5. Short-term debt is 23.7% and cash 0.1% of total assets. 23.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 62 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 · 5 filingsDeviation from the deadline
2025
not filed
2024
62 days late
2023
148 days late
2022
88 days early
2021
16 days late
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 27 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered office moved from Mechelen to Ixelles
Transfer of 100 shares from Gheorghe Fratila to Rodica Fratila · New registered office: Emile Clausstraat 17 1050 Elsene · Previous registered office: Hendrik Consciencestraat 30 2800 Mechelen · General meeting of 13-02-2025 · Gazette deed
Registered office moved within Mechelen
Transfer of 100 shares from Andrei Neagu to Gheorghe Fratila · New registered office: Hendrik Consciencestraat 30 2800 Mechelen · Previous registered office: Rozendaal 12 2800 Mechelen · General meeting of 08-05-2023 · Gazette deed
Transfer of 100 shares from TALANGA Mihai to NEAGU Andrei Luize
Resignation: TALANGA Mihai (manager) · Appointment: NEAGU Andrei Luize (director) · General meeting of 24-03-2022 · Gazette deed
Incorporation
Founding capital of €1,000, 100 shares · Founder: TALANGA Mihai · Appointment: TALANGA Mihai (director) · published on 23-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIDIA CONCEPT Ixelles | €86,026 | 28.2% | 76.3% | - |
| TechTransit Solutions Evere | - | - | 68.9% | - |
| COLIS-ONE Molenbeek-Saint-Jean | €209,368 | 6.2% | 71.5% | - |
| BALCOM Koekelberg | - | - | 25.3% | - |
| BELGO WAYS Schaerbeek | - | - | 10.9% | - |
| DEVELI TRANS Schaerbeek | - | - | 81.9% | - |
| BHE GROUP Schaerbeek | - | - | 41.1% | - |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MIDIA CONCEPT: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €55,700 and €81,600, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 19-07-2019Normal situation
- Activity
- Freight transport by roadNACE 49410and 5 others
- Establishment unit
- 2.293.924.9872800 Mechelen, since 19-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on MIDIA CONCEPT
MIDIA CONCEPT files the micro format. That format states no turnover. The gross margin fell from €48,281 in 2020 to €24,779 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MIDIA CONCEPT
- What is the company number of MIDIA CONCEPT?
- The company number of MIDIA CONCEPT is 0730.860.752. The VAT number is the same number with BE in front: BE 0730.860.752.
- Where is MIDIA CONCEPT based?
- The registered office is at Emile Clausstraat 17, 1050 Ixelles.Company details
- What does MIDIA CONCEPT do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MIDIA CONCEPT?
- MIDIA CONCEPT is a private limited company (BV).
- When was MIDIA CONCEPT founded?
- MIDIA CONCEPT was founded on 19-07-2019.
- Is MIDIA CONCEPT still active?
- Yes, MIDIA CONCEPT is an active enterprise in the KBO register.
- What is the turnover of MIDIA CONCEPT?
- The turnover of MIDIA CONCEPT was €86,026 in financial year 2024, according to the filed annual accounts.Financials
- Is MIDIA CONCEPT profitable?
- In financial year 2024, MIDIA CONCEPT made a profit of €17,631.
- Where can I find the annual accounts of MIDIA CONCEPT?
- MIDIA CONCEPT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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