MIDOX
ActiveSummary
MIDOX has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €96,027. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 84% of 5,025 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €1.2m
- Profit
- €96,027
- Parent
- IMMO SUR · 100%
- GEERAERTS IvanDirector
- SOYDEMIR MusaDirector
Why 90raises riskLast filed accounts filed 29 days late; 2 of the last 3 lateLiquidity: current ratio 5.18, cash €50,886lowers riskFounded in 2001Size: total assets €1.7mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 82% on solvency, 49% on liquidity, 63% on profitability and 58% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 43 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Liquidity more than doubledcurrent ratio 8.03
Financials · financial year 2025, full format
2025 annual accounts filed late (29 days) Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451320.
2020 to 2025, 5 financial years 2018 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.3m | €0.04m | - | €0.001m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.2m | €0.02m | €0.002m | €0.002m | €0.002m | = |
| Other operating charges640/8 | - | - | €0.09m | €0.04m | €0.02m | €0.02m | ▲ 32.6% |
| Non-recurring operating charges66A | - | - | €0.03m | - | - | - | - |
| Gross operating margin9900 | €0.3m | €0.8m | €0.4m | €0.2m | €0.2m | €0.2m | ▼ 3.1% |
| Operating profit (loss)9901 | €0.04m | €0.3m | -€0.04m | €0.1m | €0.1m | €0.1m | ▼ 7.9% |
| Financial income75/76B | - | - | €2.1m | - | - | €0.001m | - |
| Recurring financial income75 | €2 | €33 | €101 | - | - | €0.001m | - |
| Non-recurring financial income76B | - | - | €2.1m | - | - | - | - |
| Financial charges65/66B | - | - | €0.05m | €0.09m | €0.07m | €0.007m | ▼ 89.3% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.05m | €0.09m | €0.07m | €0.007m | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.3m | €2.0m | €0.02m | €0.08m | €0.1m | ▲ 63.3% |
| Transfer from deferred taxes780 | - | - | €0.09m | - | - | - | - |
| Income taxes67/77 | €291 | €0.02m | €0.08m | €0.007m | €0.02m | €0.03m | ▲ 66.1% |
| Profit (loss) for the period9904 | €0.02m | €0.2m | €2.0m | €0.01m | €0.06m | €0.1m | ▲ 62.3% |
| Transfer from tax-exempt reserves789 | - | - | €0.3m | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.2m | €2.3m | €0.01m | €0.06m | €0.1m | ▲ 62.3% |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.1m | €2.6m | €4.4m | €4.0m | €3.5m | €1.7m | ▼ 51.3% |
| Fixed assets21/28 | €0.6m | €1.4m | €2.0m | €2.0m | €2.0m | €0.2m | ▼ 92.3% |
| Tangible fixed assets22/27 | €0.6m | €1.4m | €2.0m | €2.0m | €2.0m | €0.2m | ▼ 92.3% |
| Land and buildings22 | - | - | €2.0m | €2.0m | €2.0m | €0.2m | ▼ 92.3% |
| Current assets29/58 | €1.5m | €1.2m | €2.4m | €2.1m | €1.6m | €1.6m | ▼ 1.1% |
| Stocks and contracts in progress3 | €0.006m | €0.3m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €0.3m | €0.5m | €0.5m | €0.03m | €0.002m | ▼ 93.6% |
| Trade receivables40 | - | - | €0.001m | - | €0.02m | - | - |
| Other amounts receivable41 | - | - | €0.5m | €0.5m | €0.001m | €0.002m | ▲ 10.1% |
| Current investments50/53 | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.3m | €0.03m | €0.05m | €0.05m | ▲ 11.6% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.1m | €2.6m | €4.4m | €4.0m | €3.5m | €1.7m | ▼ 51.3% |
| Equity10/15 | €0.3m | €0.3m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 8.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.2m | €0.1m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 10.0% |
| Non-distributable reserves130/1 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 10.2% |
| Amounts payable17/49 | €1.7m | €2.3m | €3.3m | €2.9m | €2.4m | €0.5m | ▼ 79.8% |
| Amounts payable after more than one year17 | €1.2m | €1.0m | €0.2m | €2.2m | €2.2m | €0.2m | ▼ 91.8% |
| Financial debts170/4 | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 13.6% |
| Other amounts payable178/9 | - | - | - | €2.0m | €2.1m | €0.05m | ▼ 97.4% |
| Amounts payable within one year42/48 | €0.3m | €1.1m | €3.1m | €0.7m | €0.2m | €0.3m | ▲ 53.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 7.6% |
| Financial debts43 | - | - | €1.0m | €0.6m | - | - | - |
| Credit institutions430/8 | - | - | €1.0m | €0.6m | - | - | - |
| Trade debts44 | €0.2m | €0.6m | €0.004m | €0.01m | €0.02m | €0.2m | ▲ 976% |
| Suppliers440/4 | - | - | €0.004m | €0.01m | €0.02m | €0.2m | ▲ 976% |
| Taxes, remuneration and social security45 | - | - | €0.09m | €0.09m | €0.03m | €0.05m | ▲ 59.3% |
| Taxes450/3 | - | - | €0.08m | €0.09m | €0.03m | €0.05m | ▲ 59.3% |
| Remuneration and social security454/9 | - | - | €0.006m | - | - | - | - |
| Other amounts payable47/48 | - | - | €2.0m | €75 | €0.1m | €0.02m | ▼ 80.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.002m | - | - |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.2m | €2.0m | €0.01m | €0.06m | €0.1m | ▲ 62.3% |
| + Depreciation and write-downs630 | €0.04m | €0.2m | €0.02m | €0.002m | €0.002m | €0.002m | = |
| Operating cash flow (approximation) | €0.06m | €0.4m | €2.0m | €0.01m | €0.06m | €0.1m | ▲ 60.4% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€1 | €1.8m | - |
| Change in cash | - | - | - | -€0.3m | €0.01m | €0.005m | ▼ 58.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 29-08-2026 | 2026-00451320 |
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00453534 |
| 31-12-2023 | abbreviated format | 08-11-2024 | 2024-00531207 |
| 31-12-2022 | abbreviated format | 11-11-2023 | 2023-00510282 |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-04600096 |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48700148 |
| 31-12-2017 | abbreviated format | 17-08-2018 | 2018-47200054 |
| 31-12-2016 | abbreviated format | 22-08-2017 | 2017-46600005 |
| 31-12-2015 | abbreviated format | 21-09-2016 | 2016-60700243 |
| 31-12-2014 | abbreviated format | 28-09-2015 | 2015-61300596 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GEERAERTS Ivan |
|
| SOYDEMIR Musa |
|
Owners and capital
Owners
1 ownerChain of control
- IMMO SUR
- MIDOX
Highest known parent: IMMO SUR. The sources do not say who stands above it.
Owners 1
- IMMO SURparentSourceaccounts IMMO SUR 2021100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-11
Gazette deed
Capital & shares · Purpose · Resignations & appointments · RestructuringResignations: GEERAERTS Ivan (director) and SOYDEMIR Musa (director) · Reappointments: GEERAERTS Ivan (director) and SOYDEMIR Musa (director) · Auditor report19 facts ▸
- General meeting, 19-09-2022 (2 times)
- Other provision, “Eerste besluit, voorstel en stukken artikel 12:28 minstens één maand vóór vergadering ter inzage zetel” (deed in Dutch)
- Auditor report, EUR, “Norm bedrijfsrevisor inbreng in natura en quasi-inbreng 2021-02-05” (deed in Dutch)
- Auditor report, “uitgifte van aandelen, gegevens verantwoording uitgifteprijs en gevolgen vermogens-en lidmaatschapsrechten getrouw en voldoende” (deed in Dutch)
- Other provision, 15-07-2022
- Other provision, “verzaken aan recht aandeelhouders kennisneming tussentijdse cijfers, uiterlijk een maand voor vergadering in zetel kennisnemen tussentijdse cijfers stand vermog…” (deed in Dutch)
- Merger, “gehele vermogen rechten verplichtingen ten algemene titel”, 380 (deed in Dutch)
- Accounting effect, 01-01-2022
- Capital increase, €62,500
- Share cancellation, “n.a.v. fusie”, 575 (deed in Dutch)
- Purpose change
- Amendment of the articles
- +7 further facts in this act
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11312A0873/00L000 | Flanders | 866 m² | 1 · 352 m² | 17.8 m · 3 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “4520001 - Het optrekken van de ruwbouw van gebouwen en de structuur van civieltechnische werken,inclusief het gieten van gewapend beton en…” (deed in Dutch)
68 activities (deed in Dutch)
- 4520001 - Het optrekken van de ruwbouw van gebouwen en de structuur van civieltechnische werken,inclusief het gieten van gewapend beton en het uitvoeren van metselwerken.
- 4521101 - Het optrekken van de ruwbouw van individuele huizen.
- 4521201 - Het optrekken van de ruwbouw van gebouwen met celstructuur,appartementsgebouwen,kantoorgebouwen,enzovoort.
- 4522001 - De bouw van daken.
- 4522002 - Het plaatsen van dakbedekking van ongeacht welk materiaal.
- 4522003 - Het plaatsen van dakgoten en regenafvoerbuizen
- 4525001 - Onderneming voor het bouwen van funderingen,inclusief heien.
- 4525004 - Onderneming voor het uitvoeren van metselwerk.
- 4525005 - Onderneming voor het plaatsen van chape.
- 4525011 - Onderneming voor het uitvoeren van voegwerken.
- 4531001 - Onderneming voor de installatie van elektrische bedrading en toebehoren
- 4531004 - Onderneming voor de installatie van elektrische verwarmingsinstallaties.
- 4532001 - Het aanbrengen in gebouwen en andere bouwwerken van:- thermische isolatiemateriaal;- isolatiemateriaal tegen geluid en trillingen.
- 4533101 - De installatie in gebouwen en andere bouwwerken van apparatuur(inclusief regelapparatuur)en leidingen voor verwarming,ventilatie,koeling en klimaatregeling
- 4533201 - De installatie in gebouwen en andere bouwwerken van waterleidingen,artikelen en apparaten voor sanitair gebruik,sprinklerinstallaties,gasaansluitingen,leidingen voor diverse gassen.
- 4541001 - Het aanbrengen van pleister- en stukadoorswerk(inclusief het aanbrengen van een hechtgrond)aan de binnen- of buitenzijde van gebouwen en andere bouwwerken.
- 4541002 - Het aanbrengen van tussenwanden van gipsplaten.
- 4543101 - Het aanbrengen in gebouwen en andere bouwwerken van vloer- of wandtegels van keramische stoffen,beton of gehouwen steen,vloerbedekking en wandbekleding van terrazzo,marmer,graniet of lei.
- 4543201 - Het aanbrengen in gebouwen en andere bouwwerken van parket en andere houten vloerbedekking,tapijt en vloerbedekking van linoleum,rubber of kunststof
- 4543301 - Het plaatsen van behang.
- 4544101 - Het schilderen van het binnen- en buitenwerk van gebouwen.
- 4544102 - Het behandelen van muren met vochtwerende en waterafstotende producten.
- 4544103 - het schilderen van metalen constructies
- 4544202 - De installatie van binnendeuren,scheidingswanden enzovoort van glas.
- 4545003 - Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden.
- 7011101 - Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken.
- 7011201 - Projectontwikkeling voor kantoorbouw.
- 7012001 - De handel in eigen onroerend goed:flatgebouwen,woningen,niet voor bewoning bestemde gebouwen,grond.
- 7020101 - De verhuur van al dan niet gemeubelde appartementen en huizen.
- 7020301 - De verhuur van niet residentiele gebouwen zoals kantoorgebouwen,handelspanden,tentoonstellingsruimten,enzovoort.
- 7020302 - De verhuur per jaar van garageboxen en staanplaatsen voor auto's.
- 3663013 - De vervaardiging van fop- en schertsartikelen en benodigdheden voor het
- 5530202 - De verkoop aan de toog van eetwaren en dranken die ter plaatse verbruikt worden en,in het algemeen in een wegwerpverpakking worden aangeboden in frietkramen,hotdogstalletjes,enzovoort.
- 6220003 - De exploitatie van luchttaxi's.
- 6220004 - Het uitvoeren van rondvluchten,luchtdopen,enzovoort.
- 6330101 - Het verschaffen van informatie en advies over reizen.
- 6330102 - Het organiseren van reizen en excursies van kortere duur,regelen van 'reizen op maat,onderdak en vervoer van reizigers en toensten.
- 6330103 - De verkoop aan de hand van brochures en catalogi van door touroperators georganiseerde reizen.
- 6330104 - De verkoop van entreekaarten.
- 6330201 - De reisorganisatoren,die,in het algemeen,een uitgebreid assortiment van reizen aanbieden,waarbij de cliënt aan de hand van brochures en catalogi kan kiezen tussen diverse formules en bestemmingen.
- 6330202 - De organisatoren die gespecialiseerd zijn in een bepaalde vakantieformule en daarin diverse bestemmingen aanbieden.
- 6330301 - Reisbegeleiders en gidsen,toeristische informatiediensten en dergelijke.
- 7140801 - De verhuur van decors.
- 7414101 - Het verlenen van adviezen praktische hulp aan de bedrijven in verband met public-relations en communicatie.
- 7440101 - Het ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media.
- 7440102 - Het ontwerpen en plaatsen van buitenreclame:reclameborden en -panelen,lichtkranten en neonreclame,aanbrengen van reclame op bussen,enzovoort.
- 7440103 - Het ontwerpen van publicitaire teksten en slogans(copywnters).
- 7440104 - Het ontwerpen van publicitaire films.
- 7440105 - Het ontwerpen van publicitaire artikelen.
- 7484201 - De organisatie van salons,tentoonstellingen en vakbeurzen.
- 7484202 - De organisatie van modeshows.
- 7484203 - De organisatie van congressen,semenaries,enzovoort.
- 7484204 - De organisatie van dierententoonstellingen en dierenshows.
- 8484205 - Het ontwerpen,leveren en installeren van tentoonstellingsstands.
- 9213001 - De vertoning van bioscoopfilms en videobanden in bioscopen,in de open lucht of op andere plaatsen waar filmvoorstellingen mogelijk zijn.
- 92311 - Zelfstandig werkende kunstenaars en artiesten.
- 92312 - Productie van kunstmanifestaties en voorstellingen door artistieke ensembles.
- 92313 - Diensten verwant aan de scheppende en uitvoerende kunst.
- 9232101 - De exploitatie van schouwbruggen,theaters,concertzalen,music-halls,cabarets,en andere accommodaties voor podiumkunst.
- 9232102 - De kaartverkoop en plaatsbesprekingen.
- 9234002 - Het bieden van overig amusement,onder meer circussen,poppentheaters,rodeo's,klank- en lichtspelen,enzovoort.
- 9262101 - Organisatie en uitvoering van sportevenementen:voetbal,wielrennen,bowling,zwemmen,golf,boksen,worstelen,en andere vechtsporten,atletiek,schieten,roeien,enzovoort.
- 9262102 - De activiteiten in verband met sportwedstrijden met dieren
- 9262103 - De activiteiten in verband met mechanische sporten(auto's,motorrijwielen,karts,enzovoort).
- 9262104 - De jacht en de visvangst als sport of recreatie
- 9262105 - De activiteiten in verband met zeilwedstrijden,waterski,jetski,deltavliegen,zweefvliegen,vliegen met ULM's met sport- of toerismevliegtuigen.
- 9262301 - De promotie en organisatie van sportevenementen,als zelfstandig activiteit of voor rekening van derden.
- 9262302 - De ondersteunende diensten in verband met sportbeoefening.
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verantwoordelijkheid bestuursorgaan” (deed in Dutch)
Read from the deeds: 2 provisions, deed of 08-11-2022