MIDMHA
ActiveSummary
The computed 12-month bankruptcy probability of MIDMHA is 1.6% (moderate). The 2024 annual accounts show equity of €64,977 and a net result of €34,977. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 3542 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+3
Solvency43▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.9 in 2023; short-term debt: 56.6% and cash: 36% of total assets), and 82% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← 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
18%
Return on assets
9.7%
Age of the figures
21 mo
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 13-06-2025, 48 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
49 d early
2022
28 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,977▲ 29.4%
2023 · €27,028
Working capital
-€12,393▲ 39.6%
2023 · -€20,507
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
Line2021202220232024
Operating result€18,945--€9,218€40,206€49,457▲ 23.0%
Net result€4,631--€14,279€27,028€34,977▲ 29.4%
Equity€34,631-€20,352▼ 41.2%€47,380▲ 133%€64,977▲ 37.1%
Total assets€393,069-€343,823▼ 12.5%€365,469▲ 6.3%€361,303▼ 1.1%
Debt€358,438-€323,471▼ 9.8%€318,088▼ 1.7%€296,326▼ 6.8%
Working capital-€13,845--€48,464▼ 250%-€20,507▲ 57.7%-€12,393▲ 39.6%
Staff (FTE)6.4-6.5▲ 1.6%7.8▲ 20.0%7.6▼ 2.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €361,303
Fixed assets
€169,267 ▼ 10.0%
Current assets
€192,036 ▲ 8.2%
Equity and liabilities €361,303
Equity
€64,977 ▲ 37.1%
Debt
€296,326 ▼ 6.8%
Debt's share of the balance-sheet total falls from 87.0% to 82.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,904▲
2023 · €76,301
Cash flow
€75,424▲
2023 · €63,123
Current ratio
0.94▲
2023 · 0.90
Quick ratio
0.70▼
2023 · 0.71
Debt to equity
4.56▼
2023 · 6.71
ROE
53.8%▼
2023 · 57.0%
ROA
9.7%▲
2023 · 7.4%
Interest coverage
15.95▼
2023 · 17.18
Debt ≤ 1 year
€204,429▲
2023 · €197,933
Debt > 1 year
€89,636▼
2023 · €118,648
Income taxes
€8,842▲
2023 · €8,735
Staff costs
€410,226▲
2023 · €398,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €545,601 | €318,771 | €398,584 | €410,226 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,250 | €32,036 | €36,095 | €40,447 | ▲ 12.1% |
| Other operating charges640/8 | €4,420 | €2,214 | €2,201 | €2,566 | ▲ 16.6% |
| Gross operating margin9900 | €615,216 | €343,803 | €477,085 | €502,695 | ▲ 5.4% |
| Operating profit (loss)9901 | €18,945 | -€9,218 | €40,206 | €49,457 | ▲ 23.0% |
| Financial income75/76B | €3 | €2 | €0 | - | - |
| Recurring financial income75 | €3 | €2 | €0 | - | - |
| Financial charges65/66B | €10,330 | €5,063 | €4,442 | €5,638 | ▲ 26.9% |
| Recurring financial charges65 | €10,330 | €5,063 | €4,442 | €5,638 | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | €8,618 | -€14,279 | €35,763 | €43,819 | ▲ 22.5% |
| Income taxes67/77 | €3,987 | - | €8,735 | €8,842 | ▲ 1.2% |
| Profit (loss) for the period9904 | €4,631 | -€14,279 | €27,028 | €34,977 | ▲ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €4,631 | -€14,279 | €27,028 | €34,977 | ▲ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €393,069 | €343,823 | €365,469 | €361,303 | ▼ 1.1% |
| Fixed assets21/28 | €237,456 | €217,695 | €188,043 | €169,267 | ▼ 10.0% |
| Intangible fixed assets21 | €229,737 | €202,438 | €175,138 | €147,838 | ▼ 15.6% |
| Tangible fixed assets22/27 | €7,719 | €15,257 | €12,905 | €21,429 | ▲ 66.0% |
| Plant, machinery and equipment23 | €5,532 | €14,199 | €12,905 | €21,429 | ▲ 66.0% |
| Furniture and vehicles24 | €2,187 | €1,058 | €0 | - | - |
| Current assets29/58 | €155,613 | €126,128 | €177,426 | €192,036 | ▲ 8.2% |
| Stocks and contracts in progress3 | €39,554 | €44,933 | €37,411 | €47,988 | ▲ 28.3% |
| Stocks30/36 | €39,554 | €44,933 | €37,411 | €47,988 | ▲ 28.3% |
| Amounts receivable within one year40/41 | €8,702 | €19,296 | €10,348 | €10,922 | ▲ 5.5% |
| Trade receivables40 | €8,702 | €19,296 | €10,348 | €10,922 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €104,268 | €58,071 | €125,296 | €130,072 | ▲ 3.8% |
| Deferred charges and accrued income490/1 | €3,089 | €3,828 | €4,371 | €3,054 | ▼ 30.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €393,069 | €343,823 | €365,469 | €361,303 | ▼ 1.1% |
| Equity10/15 | €34,631 | €20,352 | €47,380 | €64,977 | ▲ 37.1% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €4,631 | -€9,648 | €17,380 | €34,977 | ▲ 101% |
| Amounts payable17/49 | €358,438 | €323,471 | €318,088 | €296,326 | ▼ 6.8% |
| Amounts payable after more than one year17 | €188,226 | €148,125 | €118,648 | €89,636 | ▼ 24.5% |
| Financial debts170/4 | €188,226 | €148,125 | €118,648 | €89,636 | ▼ 24.5% |
| Amounts payable within one year42/48 | €169,458 | €174,592 | €197,933 | €204,429 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €39,336 | €43,428 | €33,409 | €41,795 | ▲ 25.1% |
| Trade debts44 | €81,341 | €69,050 | €93,882 | €85,583 | ▼ 8.8% |
| Suppliers440/4 | €81,341 | €69,050 | €93,882 | €85,583 | ▼ 8.8% |
| Advances received on contracts in progress46 | €1,454 | €2,665 | €2,675 | €4,474 | ▲ 67.3% |
| Taxes, remuneration and social security45 | €47,327 | €59,449 | €67,967 | €72,577 | ▲ 6.8% |
| Taxes450/3 | €28,667 | €33,601 | €41,478 | €49,753 | ▲ 20.0% |
| Remuneration and social security454/9 | €18,660 | €25,848 | €26,489 | €22,825 | ▼ 13.8% |
| Accrued charges and deferred income492/3 | €754 | €754 | €1,507 | €2,260 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,631 | -€14,279 | €27,028 | €34,977 | ▲ 29.4% |
| + Depreciation and write-downs630 | €46,250 | €32,036 | €36,095 | €40,447 | ▲ 12.1% |
| Operating cash flow (approximation) | €50,881 | €17,757 | €63,123 | €75,424 | ▲ 19.5% |
| Investment in fixed assets (approximation) | - | -€12,275 | -€6,443 | -€21,671 | ▼ 236% |
| Change in cash | - | -€46,197 | €67,225 | €4,777 | ▼ 92.9% |
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
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €34,977 ▲29.4%
Operating result €49,457, net result €34,977, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €27,028
Net result €27,028 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€14,279
Net result drops to -€14,279, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Chaumont-Gistoux · 2 establishment units since 2020
Ground area
2,837 m²
Building footprint
523 m²
Volume, LiDAR
2,801 m³
2 parcels, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MIDMHA
since 20202.302.503.747
MIDMHA
since 20202.302.503.846
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25058C0134/00V000 | Wallonia | 1,576 m² | 1 · 113 m² | 7.0 m · 2 fl. |
| 25112L0282/00E000 | Wallonia | 1,261 m² | 1 · 409 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,961. 2,203 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746611968
Also
9925:BE0746611968
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.