MIDO CONSTRUCT
ActiveSummary
MIDO CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €47k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 12% of 1208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency31▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.05 in 2024; short-term debt: 93.6% and cash: 1.3% of total assets), and 93.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.4%
Return on assets
14.9%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1208 sector peers (2025).
NBB · sector comparisonPosition among 1208 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
1 d early
2022
6 d early
2021
2 d early
2020
11 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k=
2024 · €20k
2018: €19k
2019: €20k▲ +6.8% vs 2018
2020: €20k● +0.0% vs 2019
2021: €20k● +0.0% vs 2020
2022: €20k● +0.0% vs 2021highest in 8 years
2023: €-93k▼ -563% vs 2022lowest in 8 years
2024: €20k▲ +122% vs 2023highest in 8 years
2025: €20k● 0.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€314k▼ 26.5%
2024 · €427k
2018: €20klowest in 8 years
2019: €108k▲ +435% vs 2018
2020: €317k▲ +194% vs 2019
2021: €365k▲ +14.8% vs 2020
2022: €348k▼ -4.6% vs 2021
2023: €330k▼ -5.1% vs 2022
2024: €427k▲ +29.4% vs 2023highest in 8 years
2025: €314k▼ -26.5% vs 2024
2018 → 2025
Net result
€47k▼ 67.0%
2024 · €142k
2018: €-1k
2019: €21k▲ +1772% vs 2018
2020: €14k▼ -32.9% vs 2019
2021: €51k▲ +255% vs 2020
2022: €115k▲ +128% vs 2021
2023: €-113k▼ -198% vs 2022lowest in 8 years
2024: €142k▲ +226% vs 2023highest in 8 years
2025: €47k▼ -67.0% vs 2024
2018 → 2025
Working capital
€18k▼ 12.2%
2024 · €20k
2018: €19k
2019: €16k▼ -12.0% vs 2018
2020: €18k▲ +10.6% vs 2019
2021: €20k▲ +9.6% vs 2020
2022: €20k● +0.0% vs 2021highest in 8 years
2023: €-93k▼ -563% vs 2022lowest in 8 years
2024: €20k▲ +122% vs 2023highest in 8 years
2025: €18k▼ -12.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€20k=€-93k€20k€20k=
2021: €20k
2022: €20k● +0.0% vs 2021highest in 5 years
2023: €-93k▼ -563% vs 2022lowest in 5 years
2024: €20k▲ +122% vs 2023highest in 5 years
2025: €20k● 0.0% vs 2024highest in 5 years
Operating result€65k-€118k▲ 82.2%€-112k€141k€43k▼ 69.6%
2021: €65k
2022: €118k▲ +82.2% vs 2021
2023: €-112k▼ -194% vs 2022lowest in 5 years
2024: €141k▲ +226% vs 2023highest in 5 years
2025: €43k▼ -69.6% vs 2024
Net result€51k-€115k▲ 128%€-113k€142k€47k▼ 67.0%
2021: €51k
2022: €115k▲ +128% vs 2021
2023: €-113k▼ -198% vs 2022lowest in 5 years
2024: €142k▲ +226% vs 2023highest in 5 years
2025: €47k▼ -67.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €314k
Fixed assets
€2k
Current assets
€311k
Equity and liabilities €314k
Equity
€20k =
Debt
€294k ▼ 27.8%
Debt's share of the balance-sheet total falls from 95.3% to 93.6%. Debt is lower.
Key figures and ratios
EBITDA
€44k
Cash flow
€48k
Current ratio
1.06▲
2024 · 1.05
Debt to equity
14.70▼
2024 · 20.36
ROE
234.0%▼
2024 · 708.9%
ROA
14.9%▼
2024 · 33.2%
Interest coverage
5.64
Debt ≤ 1 year
€294k▼
2024 · €407k
Income taxes
€56▼
2024 · €180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€427k€314k▼
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€427k€311k▼
Amounts receivable within one year40/41€410k€307k▼
Trade receivables40€335k€229k▼
Other amounts receivable41€75k€78k▲
Cash at bank and in hand54/58€15k€4k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€427k€314k▼
Equity10/15€20k€20k=
Contributions10/11€20k€20k=
Reserves13€0€0=
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Distributable reserves133€0€0=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€407k€294k▼
Amounts payable within one year42/48€407k€294k▼
Financial debts43€0€0=
Credit institutions430/8€0€0=
Trade debts44€369k€216k▼
Suppliers440/4€369k€216k▼
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€180€56▼
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€31k€70k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€814
Other operating charges640/8€1k€4k▲
Gross operating margin9900€142k€47k▼
Operating profit (loss)9901€141k€43k▼
Financial income75/76B€5k€12k▲
Recurring financial income75€5k€12k▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€142k€47k▼
Income taxes67/77€180€56▼
Profit (loss) for the period9904€142k€47k▼
Profit (loss) for the period to be appropriated9905€142k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€47k▲
Profit (loss) brought forward from the previous period14P€-113k€0▲
Profit to be distributed694/7€29k€47k▲
Directors or managers695€29k€47k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €0 | - | - | €814 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €49k | €2k | €1k | €1k | €4k | ▲ 216% |
| Gross operating margin9900 | €116k | €121k | €-111k | €142k | €47k | ▼ 66.8% |
| Operating profit (loss)9901 | €65k | €118k | €-112k | €141k | €43k | ▼ 69.6% |
| Financial income75/76B | €2k | €660 | €2k | €5k | €12k | ▲ 122% |
| Recurring financial income75 | €2k | €660 | €2k | €5k | €12k | ▲ 122% |
| Financial charges65/66B | €4k | €3k | €3k | €5k | €8k | ▲ 69.6% |
| Recurring financial charges65 | €4k | €3k | €3k | €5k | €8k | ▲ 69.6% |
| Profit (loss) for the period before taxes9903 | €64k | €116k | €-113k | €142k | €47k | ▼ 67.0% |
| Income taxes67/77 | €13k | €1k | €0 | €180 | €56 | ▼ 69.1% |
| Profit (loss) for the period9904 | €51k | €115k | €-113k | €142k | €47k | ▼ 67.0% |
| Profit (loss) for the period to be appropriated9905 | €51k | €115k | €-113k | €142k | €47k | ▼ 67.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365k | €348k | €330k | €427k | €314k | ▼ 26.5% |
| Fixed assets21/28 | €0 | - | - | - | €2k | - |
| Tangible fixed assets22/27 | €0 | - | - | - | €2k | - |
| Furniture and vehicles24 | €0 | - | - | - | €2k | - |
| Current assets29/58 | €365k | €348k | €330k | €427k | €311k | ▼ 27.1% |
| Amounts receivable within one year40/41 | €357k | €332k | €311k | €410k | €307k | ▼ 25.0% |
| Trade receivables40 | €279k | €252k | €200k | €335k | €229k | ▼ 31.5% |
| Other amounts receivable41 | €78k | €80k | €111k | €75k | €78k | ▲ 3.8% |
| Cash at bank and in hand54/58 | €1k | €9k | €15k | €15k | €4k | ▼ 73.9% |
| Deferred charges and accrued income490/1 | €6k | €7k | €5k | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365k | €348k | €330k | €427k | €314k | ▼ 26.5% |
| Equity10/15 | €20k | €20k | €-93k | €20k | €20k | = |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €0 | €0 | €0 | €0 | €0 | = |
| Non-distributable reserves130/1 | €0 | €0 | €0 | €0 | €0 | = |
| Reserves not available under the articles1311 | €0 | €0 | €0 | €0 | €0 | = |
| Distributable reserves133 | €0 | €0 | €0 | €0 | €0 | = |
| Profit (loss) carried forward14 | €0 | €0 | €-113k | €0 | €0 | - |
| Amounts payable17/49 | €345k | €328k | €423k | €407k | €294k | ▼ 27.8% |
| Amounts payable within one year42/48 | €345k | €328k | €423k | €407k | €294k | ▼ 27.8% |
| Financial debts43 | €0 | €0 | €0 | €0 | €0 | = |
| Credit institutions430/8 | €0 | €0 | €0 | €0 | €0 | = |
| Trade debts44 | €242k | €188k | €413k | €369k | €216k | ▼ 41.4% |
| Suppliers440/4 | €242k | €188k | €413k | €369k | €216k | ▼ 41.4% |
| Taxes, remuneration and social security45 | €25k | €23k | €8k | €7k | €7k | ▼ 1.2% |
| Taxes450/3 | €13k | €14k | €1k | €180 | €56 | ▼ 69.1% |
| Remuneration and social security454/9 | €11k | €9k | €7k | €7k | €7k | ▲ 0.5% |
| Other amounts payable47/48 | €78k | €117k | €2k | €31k | €70k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €115k | €-113k | €142k | €47k | ▼ 67.0% |
| + Depreciation and write-downs630 | €2k | €0 | - | - | €814 | - |
| Operating cash flow (approximation) | €52k | €115k | €-113k | €142k | €48k | ▼ 66.4% |
| Change in cash | - | €8k | €5k | €397 | €-11k | ▼ 2,943% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €142k
Net result €142k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lille · 1 establishment unit since 2018
Ground area
588 m²
Building footprint
152 m²
Volume, LiDAR
993 m³
Parcel 13009C0717/00W005, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MIDO CONSTRUCT
since 20182.279.455.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0717/00W005 | Flanders | 588 m² | 1 · 152 m² | 10.1 m · 2 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.
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Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 1,799 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
Founded10-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
43310Plastering work
43910Bricklaying and masonry work
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.