MIDO EXPRESS
InactiveMIDO EXPRESS was declared bankrupt on 03-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 11-10-2022, published in the Belgian State Gazette on 19-10-2022.
No longer registered with the KBO; last annual accounts for fiscal year 2017.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 26-09-2018, 57 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Equity
€39k▼ 0.4%
2016 · €39k
2013: €28k
2015: €29k
2016: €39k
2013 → 2017
Total assets
€77k▼ 24.1%
2016 · €102k
2013: €146k
2015: €122k
2016: €102k
2013 → 2017
Net result
€-174
2016 · €10k
2013: €1k
2015: €1k
2016: €10k
2013 → 2017
Working capital
€30k▼ 28.8%
2016 · €42k
2013: €95k
2015: €45k
2016: €42k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2013201520162017Trend
Equity€28k-€29k▲ 3.0%€39k▲ 36.2%€39k▼ 0.4%
Operating result€9k-€4k▼ 60.5%€15k▲ 301%€2k▼ 86.2%
Net result€1k-€1k▲ 38.6%€10k▲ 628%€-174
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 2017; 2017 is 86% below 2016 and is the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €77k
Fixed assets
€22k▼ 23.4%
Current assets
€56k▼ 24.3%
Equity and liabilities €77k
Equity
€39k▼ 0.4%
Debt
€38k▼ 38.8%
The debt ratio falls from 61.6% to 49.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2016 · €21k
Cash flow
€6k▼
2016 · €17k
Solvency
50.3%▲
2016 · 38.4%
Current ratio
2.15▼
2016 · 2.31
Quick ratio
1.36▲
2016 · 0.32
Debt / equity
0.32▼
2016 · 0.79
ROE
-0.4%▼
2016 · 26.6%
ROA
-0.2%▼
2016 · 10.2%
Debt
€38k▼
2016 · €63k
Debt ≤ 1 year
€26k▼
2016 · €32k
Debt > 1 year
€12k▼
2016 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€102k€77k▼
Fixed assets21/28€28k€22k▼
Tangible fixed assets22/27€20k€13k▼
Financial fixed assets28€8k€8k▲
Current assets29/58€74k€56k▼
Stocks and contracts in progress3€64k€20k▼
Amounts receivable within one year40/41-€1k
Cash at bank and in hand54/58€10k€34k▲
Equity and liabilities
Total equity and liabilities10/49€102k€77k▼
Equity10/15€39k€39k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Profit (loss) carried forward14€17k€17k▼
Amounts payable17/49€63k€38k▼
Amounts payable after more than one year17€31k€12k▼
Amounts payable within one year42/48€32k€26k▼
Trade debts44€10k€6k▼
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Gross operating margin9900€24k€13k▼
Operating profit (loss)9901€15k€2k▼
Recurring financial income75€922€231▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€11k€-174▼
Income taxes67/77€378-
Profit (loss) for the period9904€10k€-174▼
Profit (loss) for the period to be appropriated9905€10k€-174▼
Timeline · acts, filings and financial milestones
2022
19-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MIDO EXPRESS BV PROVINCIESTRAAT 279, 2018 ANTWERPEN 1 · event 11-10-2022
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MIDO EXPRESS BV PROVINCIE- STRAAT 279, 2018 ANTWERPEN 1 · event 03-02-2022
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-12
Financial
Weakest financial yearnet €-174 ▼102%
Net result drops to €-174, the lowest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
31-12
Financial
Highest result since 2013net €10k ▲628%
Operating result €15k, net result €10k, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 79 days late
2014
14-11
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 106 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 218 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 583 days late
2012
20-01
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 173 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VALèRE VEREECKE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
03-02-2022 → present |