Equity
Midmid paid out €282,982 in dividends. That is 228% of the 2025 profit.
Midmid paid out €282,982 in dividends. That is 228% of the 2025 profit.
The micro format states no turnover.
Debts rose by €130,866 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €186,723 to €317,589.
The last five annual accounts were filed 41 to 106 days before the end of the period.
Higher net result than 95% of companies in specialised construction. Sector median €10,189 · 35,107 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 23% of them on solvency, 54% on liquidity, 92% on profitability and 7% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,053 companies had the same profile as Midmid has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Midmid itself is lower: 0.2% within 12 months. It rests on far more data about Midmid than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for Midmid. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.26 (2.28 in 2024), below the usual 1.5. Short-term debt is 78.2% and cash 65.7% of total assets. 78.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Midmid Destelbergen | €406,189 | €160,781 | 21.8% | - |
| KS SANITAIR-VERWARMING-KLIMATISATIE Zelzate | €347,483 | €161,171 | 72.6% | - |
| DEMEYER STEVEN Lievegem | €368,086 | €199,308 | 11.6% | - |
| KENZY DE CABOOTER Anzegem | €441,817 | €154,581 | 43.4% | - |
| Dewyn Harelbeke | €400,697 | €164,572 | 56.0% | - |
| Bourgois-D'hulster De Panne | €451,206 | €141,087 | 29.4% | - |
| DE NEEF BART Brussels | €383,541 | €130,027 | 84.2% | - |
These companies have the same main activity as Midmid: plumbing work (NACE 43221). They are comparable in size and age: total assets between €347,000 and €451,000, founded between 2014 and 2015.
Midmid files the micro format. That format states no turnover. The gross margin rose from €57,958 in 2017 to €160,781 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €500,000. Estimated: probably between €400,000 and €610,000.
Higher than 24% of 35,119 companies in 2025.
Higher than 31% of 34,493 companies in 2025.
Higher than 87% of 34,694 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
406,189 | 434,323 | 368,375 | 327,422 | 269,490 | 191,474 | 154,764 | 116,148 | 95,991 | |
21/28 |
6,685 | 7,887 | 8,456 | 0 | 1,825 | 4,795 | 9,251 | 13,706 | 8,020 | |
22/27 |
6,685 | 7,887 | 8,456 | 0 | 1,825 | 4,795 | 9,251 | 13,706 | 8,020 | |
22 |
6,149 | 6,985 | 7,822 | - | - | - | - | - | - | |
24 |
537 | 901 | 634 | - | - | 0 | 339 | 678 | - | |
26 |
- | - | - | 0 | 1,825 | 4,795 | 8,911 | 13,028 | 8,020 | |
29/58 |
399,504 | 426,437 | 359,919 | 327,422 | 267,665 | 186,679 | 145,514 | 102,442 | 87,970 | |
29 |
- | - | - | - | 0 | 35,000 | 70,000 | 70,000 | - | |
291 |
- | - | - | - | 0 | 35,000 | 70,000 | 70,000 | - | |
40/41 |
126,179 | 169,400 | 133,100 | 112,352 | 67,760 | 103,927 | 73,510 | 27,931 | 59,290 | |
40 |
125,840 | 169,400 | 133,100 | 107,258 | 67,760 | 101,640 | 70,360 | 26,881 | 59,290 | |
41 |
339 | - | 0 | 5,094 | 0 | 2,287 | 3,150 | 1,050 | - | |
54/58 |
266,921 | 256,594 | 225,328 | 213,680 | 198,296 | 47,753 | 2,004 | 4,511 | 28,680 | |
490/1 |
6,404 | 443 | 1,491 | 1,390 | 1,609 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
406,189 | 434,323 | 368,375 | 327,422 | 269,490 | 191,474 | 154,764 | 116,148 | 95,991 | |
10/15 |
88,600 | 247,600 | 301,214 | 301,381 | 231,372 | 172,849 | 138,375 | 95,419 | 53,713 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
70,000 | 229,000 | 280,860 | 278,860 | 208,860 | 153,860 | 115,860 | 75,860 | 34,860 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
133 |
70,000 | 229,000 | 279,000 | 277,000 | 207,000 | 152,000 | 114,000 | 74,000 | 33,000 | |
14 |
0 | 0 | 1,754 | 3,921 | 3,912 | 389 | 3,915 | 959 | 253 | |
17/49 |
317,589 | 186,723 | 67,161 | 26,041 | 38,118 | 18,625 | 16,389 | 20,729 | 42,278 | |
42/48 |
317,589 | 186,723 | 67,161 | 26,041 | 38,118 | 18,625 | 16,389 | 20,729 | 42,278 | |
44 |
545 | 470 | 132 | 1,015 | 86 | 2,148 | 133 | 934 | 12,625 | |
440/4 |
545 | 470 | 132 | 1,015 | 86 | 2,148 | 133 | 934 | 12,625 | |
45 |
24,188 | 15,608 | 19,689 | 18,475 | 24,265 | 9,244 | 10,529 | 19,564 | 19,835 | |
450/3 |
24,188 | 15,608 | 19,689 | 18,475 | 24,265 | 9,244 | 10,529 | 19,564 | 19,835 | |
47/48 |
292,857 | 170,645 | 47,340 | 6,551 | 13,767 | 7,233 | 5,727 | 230 | 9,818 | |
| Income statement | ||||||||||
9900 |
160,781 | 147,242 | 103,198 | 98,939 | 83,360 | 54,727 | 63,627 | 68,976 | 57,958 | |
630 |
1,201 | 1,029 | 592 | 1,825 | 2,970 | 4,456 | 4,455 | 4,455 | 3,437 | |
640/8 |
681 | 930 | 1,323 | 1,064 | 112 | 2,961 | 2,119 | 1,049 | 822 | |
66A |
0 | 634 | - | - | - | - | - | - | - | |
9901 |
158,898 | 144,648 | 101,283 | 96,051 | 80,278 | 47,311 | 57,053 | 63,471 | 53,698 | |
75/76B |
- | - | 0 | 1,144 | 831 | 1,881 | 2,101 | 1,050 | - | |
75 |
- | - | 0 | 1,144 | 831 | 1,881 | 2,101 | 1,050 | - | |
65/66B |
255 | 182 | 138 | 138 | 58 | 124 | 200 | 114 | 0 | |
65 |
255 | 182 | 138 | 138 | 58 | 124 | 200 | 114 | 0 | |
9903 |
158,643 | 144,466 | 101,145 | 97,056 | 81,051 | 49,068 | 58,954 | 64,407 | 53,698 | |
67/77 |
34,661 | 31,536 | 28,312 | 27,047 | 22,529 | 14,594 | 15,998 | 22,701 | 18,585 | |
9904 |
123,982 | 112,930 | 72,833 | 70,009 | 58,523 | 34,474 | 42,956 | 41,706 | 35,113 | |
9905 |
123,982 | 112,930 | 72,833 | 70,009 | 58,523 | 34,474 | 42,956 | 41,706 | 35,113 | |
| Appropriation of the result | ||||||||||
9906 |
123,982 | 114,684 | 76,754 | 73,921 | 58,912 | 38,389 | 43,915 | 41,959 | 35,113 | |
14P |
0 | 1,754 | 3,921 | 3,912 | - | - | - | - | - | |
791/2 |
159,000 | 51,860 | 73,000 | - | - | - | - | - | - | |
691/2 |
- | 0 | 75,000 | 70,000 | 55,000 | 38,000 | 40,000 | 41,000 | 34,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 0 | 75,000 | 70,000 | 55,000 | 38,000 | 40,000 | 41,000 | 33,000 | |
694/7 |
282,982 | 166,544 | 73,000 | - | - | - | - | - | - | |
694 |
282,982 | 166,544 | 73,000 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-10-2025 | 2025-00544298 | |
| 30-06-2024 | micro format | 13-11-2024 | 2024-00532989 | |
| 30-06-2023 | micro format | 19-12-2023 | 2023-00530646 | |
| 30-06-2022 | micro format | 19-12-2022 | 2022-20539581 | |
| 30-06-2021 | micro format | 21-12-2021 | 2021-81000102 | |
| 30-06-2020 | micro format | 05-01-2021 | 2021-00200315 | |
| 30-06-2019 | micro format | 09-01-2020 | 2020-00600370 | |
| 30-06-2018 | micro format | 11-01-2019 | 2019-01100176 | |
| 30-06-2017 | micro format | 19-12-2017 | 2017-72500087 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 160,100 | 145,678 | 101,875 | 97,875 | 83,248 | 51,766 | 61,508 | 67,927 | 57,135 | ||
| 125,184 | 113,959 | 73,425 | 71,834 | 61,493 | 38,930 | 47,412 | 46,162 | 38,550 | ||
| 0 | 1,094 | 9,048 | 0 | 0 | 0 | 0 | 10,141 | 11,458 | ||
| 10,327 | 31,265 | 11,649 | 15,383 | 150,544 | 45,749 | -2,507 | -24,170 | - | ||
| 81,915 | 239,713 | 292,758 | 301,381 | 229,547 | 168,054 | 129,125 | 81,713 | 45,692 | ||
| 21.8% | 57.0% | 81.8% | 92.0% | 85.9% | 90.3% | 89.4% | 82.2% | 56.0% | ||
| 1.26 | 2.28 | 5.36 | 12.57 | 7.02 | 10.02 | 8.88 | 4.94 | 2.08 | ||
| 3.58 | 0.75 | 0.22 | 0.09 | 0.16 | 0.11 | 0.12 | 0.22 | 0.79 | ||
| 139.9% | 45.6% | 24.2% | 23.2% | 25.3% | 19.9% | 31.0% | 43.7% | 65.4% | ||
| 30.5% | 26.0% | 19.8% | 21.4% | 21.7% | 18.0% | 27.8% | 35.9% | 36.6% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,094 | €9,048 | - |
| €1,201 | €1,029 | €592 | €1,825 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 10% higher than in 2024 and the highest since 2017. It is the fifth rise in a row, after the fall in 2020.
Debt's share of the balance-sheet total rises from 43.0% to 78.2%. Equity is lower and debt is higher.
Midmid has no parent and no holdings in its annual accounts. Cock,Bruno Hubert Marie Colette is the only director.
| HVINCK
registered office since 08-08-2024 · founded in 2024 |
total assets €85,796 (2025) 1012.311.992 |
The network starts from the directors of Midmid. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Midmid BVBA registered office Vossenberglaan 18, 9070 Destelbergen | 20-01-2016 | 2.249.707.637 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44013B0100/00D000 | 180 m² | 1 · 180 m² | 8.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0646.805.797
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