MIDICON
MIDICON has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-30k. Equity is shrinking by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 10963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €39k |
| Net result | €-30k |
| Better than sector | 57% |
| Active | 19 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.9% | 42.5% | |
| Net result | €-30k | €6k | |
| Equity | €39k | €60k | |
| Gross operating margin | €-19k | €29k | |
| Total assets | €76k | €175k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-20k | €78k | €10k | €34k | €59k |
| Net profit | €-30k | €44k | €5k | €23k | €40k |
| Cash flow | €-21k | €53k | €8k | €25k | €47k |
| Staff costs | - | - | - | - | - |
| Income taxes | €120 | €23k | €3k | €7k | €12k |
| Dividends | - | €37k | €39k | €38k | €40k |
| Total assets | €76k | €192k | €305k | €283k | €410k |
| Equity | €39k | €69k | €62k | €97k | €112k |
| Debt | €37k | €123k | €243k | €187k | €298k |
| of which ≤ 1y | €24k | €104k | €219k | €187k | €298k |
| of which > 1y | €13k | €19k | €24k | - | - |
| Working capital | €29k | €58k | €51k | €93k | €107k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.22 | 1.56 | 1.23 | 1.50 | 1.36 |
| Quick ratio | 2.22 | 1.56 | 1.23 | 1.43 | 1.12 |
| Working capital ratio | 37.8% | 30.2% | 16.7% | 33.0% | 26.1% |
| Solvency | 50.9% | 36.0% | 20.4% | 34.1% | 27.3% |
| Debt / equity | 0.97 | 1.78 | 3.91 | 1.93 | 2.67 |
| Long-term debt ratio | 0.34 | 0.27 | 0.39 | - | - |
| Interest coverage | -14.58 | 38.09 | 11.61 | 14.94 | 32.18 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -40.0% | 22.8% | 1.5% | 8.2% | 9.9% |
| ROE | -78.6% | 63.5% | 7.6% | 24.0% | 36.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €76k | €192k | €305k | €283k | €410k |
| Fixed assets | 21/28 | €24k | €30k | €35k | €3k | €5k |
| Tangible fixed assets | 22/27 | €24k | €30k | €35k | €3k | €5k |
| Current assets | 29/58 | €52k | €162k | €270k | €280k | €405k |
| Stocks & contracts in progress | 3 | - | - | - | €13k | €72k |
| Amounts receivable within one year | 40/41 | €36k | €135k | €232k | €264k | €323k |
| Cash & bank | 54/58 | €4k | €24k | €34k | €1 | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €76k | €192k | €305k | €283k | €410k |
| Equity | 10/15 | €39k | €69k | €62k | €97k | €112k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €50k | €50k | €44k | €78k | €93k |
| Accumulated profits (losses) | 14 | €-30k | €66 | €56 | €55 | €362 |
| Amounts payable | 17/49 | €37k | €123k | €243k | €187k | €298k |
| Amounts payable after one year | 17 | €13k | €19k | €24k | - | - |
| Amounts payable within one year | 42/48 | €24k | €104k | €219k | €187k | €298k |
| Trade debts payable within one year | 44 | €18k | €35k | €146k | €155k | €245k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-19k | €79k | €13k | €35k | €60k |
| Operating result | 9901 | €-30k | €69k | €7k | €33k | €53k |
| Financial income | 75 | €675 | €150 | €981 | €112 | €2k |
| Financial charges | 65 | €1k | €2k | €873 | €2k | €2k |
| Result before taxes | 9903 | €-30k | €67k | €7k | €31k | €53k |
| Income taxes | 67/77 | €120 | €23k | €3k | €7k | €12k |
| Net result for the period | 9904 | €-30k | €44k | €5k | €23k | €40k |
| Result to be appropriated | 9905 | €-30k | €44k | €5k | €23k | €40k |
Former directors (1)
-
Brouwers CharlotteDirectorState Gazette act 24080738 (28-05-2024)Former11-04-2024 → 30-06-2025
2 events
- 30-06-2025 Resigned· Director
- 11-04-2024 Appointed· Director
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 26-07-2007 |
| Status | Active |
| Postal code | 2980 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017C0088/00N000 | Flanders | 299 m² | 1 · 122 m² | 10.7 m · 2 fl. |
| 13014D0132/00T000 | Flanders | 272 m² | 1 · 158 m² | 10.6 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-07-2025 Brouwers Charlotte resigns as director
- Brouwers Charlotte, Bestuurder
Technical details
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},
"reason": "de_plein_droit_dissolution",
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"effective_date": "2025-06-30",
"evidence_quote": "Bij beslissing van de buitengewone algemene vergadering van 30 juni 2025 werd op verzoek van mevrouw Brouwers Charlotte wonende te 2990 Wuustwezel Populierendreef 2 vanaf 30 juni 2025 een einde gemaakt aan haar mandaat van bestuurster in de BV Midicon.",
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"act_meta": {
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"filing_date": "2025-07-22",
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},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
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}
],
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}28-05-2024 Brouwers Charlotte appointed as director
- Brouwers Charlotte, Bestuurder
Technical details
{
"events": [
{
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"role": "bestuurder",
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},
"reason": null,
"subkind": "additional",
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"compensated": true,
"effective_date": "2024-04-11",
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"mandate_duration": {
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},
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],
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},
"act_meta": {
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"filing_date": "2024-04-29",
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},
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{
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}
],
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}| Legal nameNL | MIDICON |