MIDILUC
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 28-01-2026 PDF all 29 filings
Turnover
€2.8m▼ 34.6%
2024 · €4.3m
EBIT margin
-2.2%▼ 0.5pp
2024 · -1.7%
Net result
-€3.1m▼ 4,197%
2024 · -€72,565
Working capital
€519,154▲ 25.0%
2024 · €415,195
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€2.8m
▼ 34.6%
2025
20192025
Operating result
-€61,522
▲ 13.4%
2025
20192025
Net result
-€3.1m
▼ 4,197%
2025
lowest quarter of the sector
20192025
EBIT margin
-2.2%
▼ 0.5pp
2025
20192025
Equity
€10.7m
▼ 22.5%
2025
highest quarter of the sector
20192025
Total assets
€10.8m
▼ 23.9%
2025
middle half of the sector
20192025
Debt
€46,229
▼ 84.6%
2025
20192025
Working capital
€519,154
▲ 25.0%
2025
middle half of the sector
20192025
Solvency
99.6%
▲ 1.7pp
2025
highest quarter of the sector
20192025
Current ratio
12.23
▲ 9.84
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-29.0%
▼ 28.5pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€2.4m-€2.8m▲ 20.3%€2.4m▼ 17.0%€2.8m▲ 19.3%€3.6m▲ 28.6%€4.3m▲ 18.2%€2.8m▼ 34.6%
Operating result€0.02m-€0.04m▲ 50.3%-€0.3m-€0.3m▲ 10.3%-€0.2m▲ 7.9%-€0.07m▲ 70.4%-€0.06m▲ 13.4%
Net result-€0.001m-€0.01mwithin the sector's middle half€4.7mabove the sector's middle half▲ 493×-€0.3mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 8.6%-€0.07mbelow the sector's middle half▲ 69.8%-€3.1mbelow the sector's middle half▼ 4,197%
EBIT margin1.0%-1.3%▲ 0.3pp-12.4%▼ 13.6pp-9.3%▲ 3.1pp-6.7%▲ 2.6pp-1.7%▲ 5.0pp-2.2%▼ 0.5pp
Equity€13.7m-€13.7mabove the sector's middle half▲ 0.1%€14.4mabove the sector's middle half▲ 5.1%€14.1mabove the sector's middle half▼ 1.8%€13.9mabove the sector's middle half▼ 1.7%€13.8mabove the sector's middle half▼ 0.5%€10.7mabove the sector's middle half▼ 22.5%
Total assets€16.4m-€16.4mabove the sector's middle half▼ 0.4%€18.6mabove the sector's middle half▲ 13.8%€14.4mabove the sector's middle half▼ 22.8%€14.3mabove the sector's middle half▼ 0.5%€14.1mabove the sector's middle half▼ 1.1%€10.8mwithin the sector's middle half▼ 23.9%
Debt€2.7m-€2.6m▼ 2.8%€4.2m▲ 59.0%€0.2m▼ 94.8%€0.4m▲ 80.4%€0.3m▼ 23.1%€0.05m▼ 84.6%
Working capital-€2.2m--€2.2mbelow the sector's middle half▲ 0.7%€1.0mwithin the sector's middle half€0.7mwithin the sector's middle half▼ 26.7%€0.5mwithin the sector's middle half▼ 32.4%€0.4mwithin the sector's middle half▼ 14.8%€0.5mwithin the sector's middle half▲ 25.0%
Solvency83.4%-83.8%above the sector's middle half▲ 0.4pp77.4%above the sector's middle half▼ 6.4pp98.5%above the sector's middle half▲ 21.1pp97.3%above the sector's middle half▼ 1.2pp97.9%above the sector's middle half▲ 0.6pp99.6%above the sector's middle half▲ 1.7pp
Current ratio0.17-0.16below the sector's middle half▼ 0.021.23within the sector's middle half▲ 1.084.37above the sector's middle half▲ 3.142.26within the sector's middle half▼ 2.122.39within the sector's middle half▲ 0.1412.23above the sector's middle half▲ 9.84
Return on assets (ROA)0.0%-0.1%below the sector's middle half▲ 0.1pp25.2%above the sector's middle half▲ 25.2pp-1.8%below the sector's middle half▼ 27.1pp-1.7%below the sector's middle half▲ 0.1pp-0.5%below the sector's middle half▲ 1.2pp-29.0%below the sector's middle half▼ 28.5pp
Staff (FTE)2.8-
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €61,522, smaller than the loss of €71,070 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.8m
Fixed assets
€10.2m ▼ 24.0%
Current assets
€565,383 ▼ 20.7%
Equity and liabilities €10.8m
Equity
€10.7m ▼ 22.5%
Debt
€46,229 ▼ 84.6%
Debt's share of the balance-sheet total falls from 2.1% to 0.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€61,128▲
2024 · -€70,676
Cash flow
-€3.1m▼
2024 · -€72,172
Quick ratio
2.55▲
2024 · 0.89
Debt to equity
0.00▼
2024 · 0.02
ROE
-29.1%▼
2024 · -0.5%
Interest coverage
-37.73
Debt ≤ 1 year
€46,229▼
2024 · €297,843
Debt > 1 year
€0▼
2024 · €3,000
Income taxes
€0▲
2024 · -€1
Customer credit
4 days▼
2024 · 20 days
Supplier credit
6 days▼
2024 · 15 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €9,979 |
| Depreciation and write-downs of the year | €7,131 | €394 | €394 | €394 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €410 awarded · €536 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €248 | €248 |
| 2023 | 1 | €0 | €126 |
| 2022 | 1 | €162 | €162 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.8m | €3.6m | €4.3m | €2.8m | ▼ 34.7% |
| Turnover70 | €2.4m | €2.8m | €2.4m | €2.8m | €3.6m | €4.3m | €2.8m | ▼ 34.6% |
| Other operating income74 | - | - | - | €0.001m | €0.008m | €0.007m | €0.001m | ▼ 84.7% |
| Non-recurring operating income76A | - | - | - | €0.002m | €0 | - | - | - |
| Operating charges60/66A | - | - | - | €3.1m | €3.9m | €4.3m | €2.9m | ▼ 34.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.9m | €3.7m | €4.2m | €2.7m | ▼ 35.3% |
| Purchases600/8 | - | - | - | €3.1m | €3.8m | €4.0m | €2.7m | ▼ 32.2% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.2m | -€0.1m | €0.2m | €116 | ▼ 99.9% |
| Services and other goods61 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 9.5% |
| Remuneration, social security and pensions62 | - | - | - | -€0.001m | -€65 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.007m | €0.007m | €0.007m | €394 | €394 | €394 | = |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.001m | €0.001m | ▲ 10.9% |
| Non-recurring operating charges66A | - | - | - | - | €0.002m | €0 | - | - |
| Operating profit (loss)9901 | €0.02m | €0.04m | -€0.3m | -€0.3m | -€0.2m | -€0.07m | -€0.06m | ▲ 13.4% |
| Financial income75/76B | - | - | - | €203 | €0.002m | €0 | €0.08m | - |
| Recurring financial income75 | - | - | €0.4m | €203 | €0.002m | €0 | €0 | - |
| Income from current assets751 | - | - | - | €202 | €0 | - | - | - |
| Other financial income752/9 | - | - | - | €1 | €0.002m | €0 | €0 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.08m | - |
| Financial charges65/66B | - | - | - | €0.002m | €0.001m | €0.001m | €3.1m | ▲ 2,096× |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 8.3% |
| Debt charges650 | €0.02m | €0.02m | €0.01m | - | €283 | €0 | - | - |
| Other financial charges652/9 | - | - | - | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 8.3% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €3.1m | - |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.02m | €4.7m | -€0.3m | -€0.2m | -€0.07m | -€3.1m | ▼ 4,197% |
| Income taxes67/77 | €0.005m | €0.009m | €92 | €360 | €475 | -€1 | €0 | - |
| Taxes670/3 | - | - | - | €360 | €475 | €234 | €0 | ▼ 100% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €235 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€0.001m | €0.01m | €4.7m | -€0.3m | -€0.2m | -€0.07m | -€3.1m | ▼ 4,197% |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | €0.01m | €4.7m | -€0.3m | -€0.2m | -€0.07m | -€3.1m | ▼ 4,197% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €16.4m | €16.4m | €18.6m | €14.4m | €14.3m | €14.1m | €10.8m | ▼ 23.9% |
| Fixed assets21/28 | €16.0m | €15.9m | €13.4m | €13.4m | €13.4m | €13.4m | €10.2m | ▼ 24.0% |
| Tangible fixed assets22/27 | €0.09m | €0.08m | €0.07m | €0.07m | €0.06m | €0.06m | €0.06m | ▼ 0.7% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 0.7% |
| Financial fixed assets28 | €15.9m | €15.9m | €13.4m | €13.4m | €13.4m | €13.4m | €10.1m | ▼ 24.1% |
| Affiliated companies280/1 | - | - | - | €13.4m | €13.4m | €13.4m | €10.1m | ▼ 24.1% |
| Participating interests280 | - | - | - | €13.4m | €13.4m | €13.4m | €10.1m | ▼ 24.1% |
| Current assets29/58 | €0.5m | €0.4m | €5.2m | €0.9m | €0.9m | €0.7m | €0.6m | ▼ 20.7% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.3m | €0.5m | €0.6m | €0.4m | €0.4m | = |
| Stocks30/36 | - | - | - | €0.5m | €0.6m | €0.4m | €0.4m | = |
| Goods purchased for resale34 | - | - | - | €0.5m | €0.6m | €0.4m | €0.4m | = |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €1.0m | €0.4m | €0.2m | €0.3m | €0.04m | ▼ 85.3% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.2m | €0.03m | ▼ 88.6% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.03m | €0.03m | €0.01m | ▼ 55.2% |
| Cash at bank and in hand54/58 | €0.05m | €0.01m | €3.9m | €0.03m | €0.006m | €462 | €0.08m | ▲ 169× |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.001m | €0.001m | €0.001m | ▼ 4.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €16.4m | €16.4m | €18.6m | €14.4m | €14.3m | €14.1m | €10.8m | ▼ 23.9% |
| Equity10/15 | €13.7m | €13.7m | €14.4m | €14.1m | €13.9m | €13.8m | €10.7m | ▼ 22.5% |
| Contributions10/11 | €12.8m | €12.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Capital10 | - | - | - | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Issued capital100 | - | - | - | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Reserves13 | €0.9m | €0.9m | €5.5m | €5.4m | €5.1m | €5.0m | €1.9m | ▼ 61.9% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €5.3m | €5.1m | €5.0m | €1.9m | ▼ 62.3% |
| Profit (loss) carried forward14 | - | - | €0.08m | - | - | - | - | - |
| Amounts payable17/49 | €2.7m | €2.6m | €4.2m | €0.2m | €0.4m | €0.3m | €0.05m | ▼ 84.6% |
| Amounts payable after more than one year17 | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | €0.003m | €0.003m | €0.003m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €2.7m | €2.6m | €4.2m | €0.2m | €0.4m | €0.3m | €0.05m | ▼ 84.5% |
| Trade debts44 | €0.2m | €0.2m | €0.1m | €0.06m | €0.2m | €0.2m | €0.05m | ▼ 73.7% |
| Suppliers440/4 | - | - | - | €0.06m | €0.2m | €0.2m | €0.05m | ▼ 73.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €235 | €0 | - | - |
| Taxes450/3 | - | - | - | - | €235 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.1m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €381 | €283 | €283 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.001m | €0.01m | €4.7m | -€0.3m | -€0.2m | -€0.07m | -€3.1m | ▼ 4,197% |
| + Depreciation and write-downs630 | €0.02m | €0.007m | €0.007m | €0.007m | €394 | €394 | €394 | = |
| Operating cash flow (approximation) | €0.02m | €0.02m | €4.7m | -€0.3m | -€0.2m | -€0.07m | -€3.1m | ▼ 4,220% |
| Investment in fixed assets (approximation) | - | €0 | €2.5m | €0 | €0.007m | €0 | €3.2m | - |
| Change in cash | - | -€0.04m | €3.8m | -€3.8m | -€0.02m | -€0.005m | €0.08m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 28-01-2026 | 2026-00015767 | |
| 30-06-2024 | full format | 30-12-2024 | 2024-00626686 | |
| 30-06-2023 | full format | 29-01-2024 | 2024-00009227 | |
| 30-06-2022 | full format | 20-12-2022 | 2022-20540598 | |
| 30-06-2021 | full format | 25-01-2022 | 2022-01600210 | |
| 30-06-2020 | full format | 15-12-2020 | 2020-75500030 | |
| 30-06-2019 | full format | 29-01-2020 | 2020-02500021 | |
| 30-06-2018 | full format | 28-01-2019 | 2019-02300231 | |
| 30-06-2017 | full format | 30-01-2018 | 2018-03000449 | |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70300395 |