miDiagnostics
ActiveSummary
The annual accounts of miDiagnostics for fiscal year 2024 show a net loss of 68% of total assets and of 3,276% of the equity at the start of that year. The 2024 annual accounts show equity of €1.99M and a net result of €-18.57M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 243 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▲+47
Solvency32▲+5
Growth22=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.44 against 1.73 in 2023; short-term debt: 13.8% and cash: 32.6% of total assets), but 92.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 72
Relative position
BE, all sectors
reference
Sector 72
lower
← 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
7.3%
Return on assets
-68.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 243 sector peers (2024).
NBB · sector comparisonPosition among 243 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
20 d early
2022
38 d early
2021
30 d early
2020
23 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€14k▲ 118%
2023 · €7k
2021: €25k
2022: €253k
2023: €7k
2021 → 2024
EBIT margin
-128570.8%▲ 236960.6pp
2023 · -365531.4%
2021: -74965.8%
2022: -11088.2%
2023: -365531.4%
2021 → 2024
Net result
€-18.57M▲ 21.4%
2023 · €-23.62M
2018: €-11.35M
2019: €-11.18M
2020: €-13.65M
2021: €-17.70M
2022: €-27.53M
2023: €-23.62M
2018 → 2024
Working capital
€12.86M▲ 176%
2023 · €4.65M
2018: €12.19M
2019: €2.79M
2020: €7.17M
2021: €14.00M
2022: €8.27M
2023: €4.65M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€25k€253k▲ 919%€7k▼ 97.4%€14k▲ 118%
Equity€9.29M-€16.61M▲ 78.7%€14.06M▼ 15.3%€567k▼ 96.0%€1.99M▲ 252%
Operating result€-14.09M-€-18.60M▼ 32.0%€-28.02M▼ 50.7%€-24.23M▲ 13.5%€-18.60M▲ 23.2%
Net result€-13.65M-€-17.70M▼ 29.7%€-27.53M▼ 55.5%€-23.62M▲ 14.2%€-18.57M▲ 21.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18.60M in 2024 against €24.23M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27.18M
Fixed assets
€10.58M ▼ 26.1%
Current assets
€16.60M ▲ 50.6%
Equity and liabilities €27.18M
Equity
€1.99M ▲ 252%
Debt
€25.19M ▲ 1.7%
Debt's share of the balance-sheet total falls from 97.8% to 92.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.61M▲
2023 · €-5.73M
Cash flow
€1.63M▲
2023 · €-5.12M
Current ratio
4.44▲
2023 · 1.73
Quick ratio
3.96▲
2023 · 1.36
Debt to equity
12.63▼
2023 · 43.68
ROE
-931.2%
ROA
-68.3%▲
2023 · -93.2%
Interest coverage
2.43▲
2023 · -19.50
Debt ≤ 1 year
€3.74M▼
2023 · €6.37M
Debt > 1 year
€16.00M=
2023 · €16.00M
Income taxes
€-785k▲
2023 · €-951k
Staff costs
€6.46M▼
2023 · €7.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 80 lines
Balance sheet
Code20232024
Assets
Total assets20/58€25.33M€27.18M▲
Fixed assets21/28€14.31M€10.58M▼
Intangible fixed assets21€10.06M€6.64M▼
Tangible fixed assets22/27€4.24M€3.93M▼
Plant, machinery and equipment23€2.03M€3.26M▲
Furniture and vehicles24€148k€53k▼
Leasing and similar rights25€102k€55k▼
Other tangible fixed assets26€557k€477k▼
Assets under construction and advance payments27€1.40M€87k▼
Financial fixed assets28€7k€7k=
Other financial fixed assets284/8€7k€7k=
Amounts receivable and cash guarantees285/8€7k€7k=
Current assets29/58€11.02M€16.60M▲
Amounts receivable after more than one year29€3.79M€3.90M▲
Other amounts receivable291€3.79M€3.90M▲
Stocks and contracts in progress3€2.39M€1.78M▼
Stocks30/36€2.39M€1.78M▼
Raw materials and consumables30/31€1.47M€1.15M▼
Work in progress32€213k€155k▼
Finished goods33€707k€472k▼
Goods purchased for resale34€0-
Amounts receivable within one year40/41€4.05M€1.84M▼
Trade receivables40€2.20M€1.13M▼
Other amounts receivable41€1.85M€707k▼
Cash at bank and in hand54/58€537k€8.87M▲
Deferred charges and accrued income490/1€246k€219k▼
Equity and liabilities
Total equity and liabilities10/49€25.33M€27.18M▲
Equity10/15€567k€1.99M▲
Contributions10/11€24.18M€20.57M▼
Capital10€24.18M€20.57M▼
Issued capital100€24.18M€20.57M▼
Profit (loss) carried forward14€-23.62M€-18.57M▲
Amounts payable17/49€24.76M€25.19M▲
Amounts payable after more than one year17€16.00M€16.00M=
Financial debts170/4€16.00M€16.00M=
Leasing and similar obligations172€0-
Credit institutions173€16.00M€16.00M=
Amounts payable within one year42/48€6.37M€3.74M▼
Current portion of amounts payable after more than one year42€25k€0▼
Financial debts43€3.00M€0▼
Credit institutions430/8€3.00M€0▼
Trade debts44€2.41M€2.20M▼
Suppliers440/4€2.41M€2.20M▼
Taxes, remuneration and social security45€935k€1.55M▲
Taxes450/3€163k€831k▲
Remuneration and social security454/9€772k€716k▼
Accrued charges and deferred income492/3€2.39M€5.44M▲
Income statement
Code20232024
Operating income70/76A€19.28M€25.77M▲
Turnover70€7k€14k▲
Own construction capitalised72€14.87M€15.52M▲
Other operating income74€4.40M€10.24M▲
Operating charges60/66A€43.51M€44.37M▲
Goods for resale, raw materials and consumables60€4.64M€6.44M▲
Purchases600/8€4.69M€4.62M▼
Change in stocks: decrease (increase)609€-52k€1.82M▲
Services and other goods61€10.92M€12.46M▲
Remuneration, social security and pensions62€7.42M€6.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18.50M€20.21M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.57M€-1.20M▼
Other operating charges640/8€17k€16k▼
Non-recurring operating charges66A€437k€0▼
Operating profit (loss)9901€-24.23M€-18.60M▲
Financial income75/76B€48k€8k▼
Recurring financial income75€48k€8k▼
Other financial income752/9€48k€8k▼
Financial charges65/66B€384k€765k▲
Recurring financial charges65€384k€765k▲
Debt charges650€294k€660k▲
Other financial charges652/9€90k€105k▲
Profit (loss) for the period before taxes9903€-24.57M€-19.36M▲
Income taxes67/77€-951k€-785k▲
Taxes670/3€5k€29k▲
Tax adjustments and reversals of tax provisions77€955k€814k▼
Profit (loss) for the period9904€-23.62M€-18.57M▲
Profit (loss) for the period to be appropriated9905€-23.62M€-18.57M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68.85M€-42.19M▲
Profit (loss) brought forward from the previous period14P€-45.23M€-23.62M▲
Transfer from equity791/2€45.23M€23.62M▼
From contributions791€45.23M€23.62M▼
Social balance
Average headcount (FTE)908773.968.6▼
The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.44
Current ratio from 1.73 to 4.44; short-term debt falls from €6.37M to €3.74M.
31-12
Financial
Equity above €1MEq €1.99M ▲252%
Equity rises from €567k to €1.99M.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-27.53M
Net result drops to €-27.53M, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €16.61M ▲78.7%
Equity rises from €9.29M to €16.61M.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €5MEq €9.29M
Equity rises from €-4.49M to €9.29M.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
33 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, Leuven · 2 establishment units since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gaston Geenslaan 13001 LeuvenGround area
2.2 ha
Building footprint
4,188 m²
Volume, LiDAR
35,558 m³
2 parcels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Gaston Geenslaan 1, 3001 Leuven
since 20152.251.236.970
Vaartdijk 59, 3018 Leuven
since 20222.331.872.872
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038C0158/00C000 | Flanders | 1.5 ha | 1 · 3,050 m² | 8.8 m · 2 fl. |
| 24040B0201/00H002 | Flanders | 7,000 m² | 1 · 1,139 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 52,778 EUR awarded · 52,778 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 107 EUR | 107 EUR |
| 2024 | 1 | 11,417 EUR | 11,417 EUR |
| 2023 | 1 | 35,024 EUR | 35,024 EUR |
| 2022 | 1 | 6,230 EUR | 6,230 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 1,177 companies in sector 72109 we hold annual accounts for 715. 391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.