MIDICONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MIDICONSTRUCT is 8.4% (elevated). For MIDICONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€94,983) and a net result of -€9,672. Equity is growing by ~3.4% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-100
Solvency0=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
8.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Age of the figures
Age of the figures
45 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 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
not confirmed
2024
not filed
2023
not filed
2022
60 d late
2021
2 d early
2020
48 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 49 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€24,746▼ 13.4%
2018 · €28,561
EBIT margin
-33.4%▼ 31.5pp
2018 · -1.9%
Net result
-€9,672
2021 · €20,283
Working capital
-€96,494▼ 11.1%
2021 · -€86,823
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
Line20182019202020212022
Turnover€28,561-€24,746▼ 13.4%
Operating result-€534--€8,259▼ 1,448%€2,567€20,283▲ 690%-€9,626
Net result-€615--€8,162▼ 1,226%€2,504€20,283▲ 710%-€9,672
EBIT margin-1.9%--33.4%▼ 31.5pp
Equity-€99,936--€108,098▼ 8.2%-€105,595▲ 2.3%-€85,311▲ 19.2%-€94,983▼ 11.3%
Total assets€12,655-€1,719▼ 86.4%€13,029▲ 658%€3,558▼ 72.7%€4,757▲ 33.7%
Debt€112,591-€109,818▼ 2.5%€118,624▲ 8.0%€88,869▼ 25.1%€99,740▲ 12.2%
Working capital-€101,447--€109,610▼ 8.0%-€107,106▲ 2.3%-€86,823▲ 18.9%-€96,494▼ 11.1%
Staff (FTE)1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €9,626 after €20,283 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4,757
Fixed assets
€1,511 =
Current assets
€3,245 ▲ 58.6%
Key figures and ratios
Debt ≤ 1 year
€99,740▲
2021 · €88,869
Staff costs
€895▼
2021 · €1,666
Ratios withheld: a balance sheet total of €4,757 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €28,561 | €24,746 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1,666 | €895 | ▼ 46.3% |
| Gross operating margin9900 | €5,070 | -€6,473 | €2,743 | €21,950 | -€8,731 | ▼ 140% |
| Operating profit (loss)9901 | -€534 | -€8,259 | €2,567 | €20,283 | -€9,626 | ▼ 147% |
| Recurring financial income75 | - | €200 | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €46 | - |
| Recurring financial charges65 | €82 | €104 | €64 | - | €46 | - |
| Profit (loss) for the period before taxes9903 | -€615 | -€8,162 | €2,504 | €20,283 | -€9,672 | ▼ 148% |
| Profit (loss) for the period9904 | -€615 | -€8,162 | €2,504 | €20,283 | -€9,672 | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | -€615 | -€8,162 | €2,504 | €20,283 | -€9,672 | ▼ 148% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,655 | €1,719 | €13,029 | €3,558 | €4,757 | ▲ 33.7% |
| Fixed assets21/28 | €1,511 | €1,511 | €1,511 | €1,511 | €1,511 | = |
| Financial fixed assets28 | €1,511 | €1,511 | €1,511 | €1,511 | €1,511 | = |
| Current assets29/58 | €11,144 | €208 | €11,518 | €2,046 | €3,245 | ▲ 58.6% |
| Stocks and contracts in progress3 | - | - | €1,650 | - | - | - |
| Amounts receivable within one year40/41 | €7,029 | - | €304 | - | €1,252 | - |
| Other amounts receivable41 | - | - | - | - | €1,252 | - |
| Cash at bank and in hand54/58 | €4,115 | €208 | €9,564 | €2,046 | €1,994 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,655 | €1,719 | €13,029 | €3,558 | €4,757 | ▲ 33.7% |
| Equity10/15 | -€99,936 | -€108,098 | -€105,595 | -€85,311 | -€94,983 | ▼ 11.3% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Outside capital11 | - | - | - | €19,000 | €19,000 | = |
| Other1109/19 | - | - | - | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€118,936 | -€127,098 | -€124,595 | -€104,311 | -€113,983 | ▼ 9.3% |
| Amounts payable17/49 | €112,591 | €109,818 | €118,624 | €88,869 | €99,740 | ▲ 12.2% |
| Amounts payable within one year42/48 | €112,591 | €109,818 | €118,624 | €88,869 | €99,740 | ▲ 12.2% |
| Trade debts44 | €4,241 | €2,989 | €6,427 | €1,029 | €1,187 | ▲ 15.3% |
| Suppliers440/4 | - | - | - | €1,029 | €1,187 | ▲ 15.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,619 | €6,364 | ▲ 293% |
| Taxes450/3 | - | - | - | €1,319 | €600 | ▼ 54.5% |
| Remuneration and social security454/9 | - | - | - | €300 | €5,764 | ▲ 1,819% |
| Other amounts payable47/48 | - | - | - | €86,221 | €92,188 | ▲ 6.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€615 | -€8,162 | €2,504 | €20,283 | -€9,672 | ▼ 148% |
| Operating cash flow (approximation) | -€615 | -€8,162 | €2,504 | €20,283 | -€9,672 | ▼ 148% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,907 | €9,356 | -€7,517 | -€53 | ▲ 99.3% |
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
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€9,672
Net result drops to -€9,672, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20,283 ▲710%
Operating result €20,283, net result €20,283, both a record.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
31-12
Financial
Back to profitnet €2,504
Net result €2,504 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 380 days late
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 745 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
18-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 110 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 2010
Ground area
9,765 m²
Building footprint
8,769 m²
Volume, LiDAR
140,538 m³
Parcel 21809K0187/02A006, Brussels · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
AL HOCEIMA
since 20102.191.563.758
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0187/02A006 | Brussels | 9,765 m² | 1 · 8,769 m² | 22.2 m · 6 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.