Result
€360,445 €360,445
Back in profit in 2025, after a loss of €10,302 in 2024.
MIDRAS PROJECTS
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €1.9m (2025)
€1.9m▲ 325%
lowest -€73,301 (2009)
€360,445▲ €370,748
peak €910,441 (2025)
€910,441▲ 65.5%
€11.3m▲ 78.2%
peak 0 FTE (2020)
-not published
Board3 names since 2018
2 directors and 1 other
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €450,888 to €1.9mBack to profit: €360,445Appointment: (director) 14-02Equity from €549,996 to €910,441Debts from €6.3m to €11.3mInvestments €6.6m
Key points
from the 2025 annual accountsTurnover
≈ €3.6m estimated
The accounts state no turnover.
Debts
€11.3m 90% of the balance sheet
Financial debts 89%Suppliers 2%Taxes and wages 0%Other 9%
Of this, €1.2m falls due within a year.
Investments
€6.9m 6.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 81.3% higher than in 2024.
Filings
26 annual accounts since 2000
Five of the last ten came late. The 2017 accounts came latest: 29 days after the end of the period.
Position in the sector
€360,445
Higher net result than 95% of companies in construction of buildings. Sector median €8,508 · 10,137 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 207 companies had the same profile as MIDRAS PROJECTS has now. Each dot is one company, two years later.
99.0%
were still trading
0.0%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 207 companies, not a prediction for MIDRAS PROJECTS. 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.
Credit verdict
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Signals
Board and ownership
Director, since 16-05-2023
Director, since 19-12-2024
- deed of 03-11-2016
- deed of 03-11-2016
Recent changes
Registered office moved within Destelbergen
New registered office: Dendermondesteenweg 531, 9070 Destelbergen · Previous registered office: Vossenberglaan 9 A, 9070 Destelbergen · Board meeting of 13-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471681603
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Functiewijziging · Lokeren
Appointment: (director)
General meeting of 19-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MIDRAS PROJECTS Destelbergen | €12.5m | €1.9m | 7.3% | - |
| INDACO CONSTRUCTIE Oudenaarde | €10.1m | €1.9m | 64.0% | 10.6 |
| FRP EUROPE Oudenaarde | €9.6m | €2.4m | 30.9% | 2.2 |
| ECO INVEST FINANCE Berlare | €12.7m | €1.2m | 67.3% | 13.6 |
| BOUWPARTNERS Temse | €10.5m | €1.2m | 26.0% | 12 |
| IMMO RETRABOUW Zandhoven | €16.4m | €2.0m | 58.2% | 0 |
| J.B. CONSTRUCT BETONBOUW Lier | €9.2m | €2.3m | 34.8% | 15.6 |
These companies have the same main activity as MIDRAS PROJECTS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €9.2m and €16m, founded between 1996 and 2005.
Official details
Source: KBO- Status
- Active since 13-04-2000Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.095.945.9109070 Destelbergen, since 02-05-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 01-02-2026
Insights on MIDRAS PROJECTS
MIDRAS PROJECTS files the micro format. That format states no turnover. The gross margin rose from €2,682 in 2006 to €1.9m in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MIDRAS PROJECTS
- What is the company number of MIDRAS PROJECTS?
- The company number of MIDRAS PROJECTS is 0471.681.603. The VAT number is the same number with BE in front: BE 0471.681.603.
- Where is MIDRAS PROJECTS based?
- The registered office is at Dendermondesteenweg 531, 9070 Destelbergen.Company details
- What does MIDRAS PROJECTS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MIDRAS PROJECTS?
- MIDRAS PROJECTS is a private limited company (BV).
- When was MIDRAS PROJECTS founded?
- MIDRAS PROJECTS was founded on 13-04-2000.
- Is MIDRAS PROJECTS still active?
- Yes, MIDRAS PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MIDRAS PROJECTS?
- The turnover in financial year 2025 is ≈ €3.6m. This figure is estimated from the gross margin of €1.9m and 55 comparable companies of the same size. It probably lies between €2.2m and €4.6m. It is a rough estimate. In financial year 2023 turnover was €0.Financials
- Is MIDRAS PROJECTS profitable?
- In financial year 2025, MIDRAS PROJECTS made a profit of €360,445.
- Where can I find the annual accounts of MIDRAS PROJECTS?
- MIDRAS PROJECTS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIDRAS PROJECTS due?
- MIDRAS PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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