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MIDREAM

Active
Private limited companyfounded 20233 yrs activeKaasmarkt 10, 1000 Brussel, BelgiumKBO/BCE: BE 0804.878.185
Summary

The computed 12-month bankruptcy probability of MIDREAM is 2.7% (moderate). The 2024 annual accounts show negative equity (-€314,827) and a net result of -€393,877. Its solvency ranks better than 6% of 2467 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record79
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19; short-term debt: 274% and cash: 10.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-174%
Return on assets
-217.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 1 filing
Deviation from the deadline
2024
53 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 53 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MIDREAM was incorporated on 17 August 2023 as a Private limited company.1 The registered office was moved to Bruxelles in 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 24-06-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€314,827
Total assets
€180,920
Net result
-€393,877
Working capital
-€403,047

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €180,920
Fixed assets €88,220
Current assets €92,700
Key figures and ratios
2024 value
EBITDA
-€466,779
Cash flow
-€358,380
Solvency
-174.0%
Current ratio
0.19
Quick ratio
0.16
Debt to equity
-1.57
ROA
-217.7%
Interest coverage
-91.62
Debt
€495,746
Debt ≤ 1 year
€495,746
Staff costs
€405,313

Peer companies

Historical observation

Of the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.1% went bankrupt
3.5% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 490 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 38 lines
Balance sheet Code2024
Assets
Total assets20/58€180,920
Fixed assets21/28€88,220
Intangible fixed assets21€1,040
Tangible fixed assets22/27€87,180
Furniture and vehicles24€79,663
Other tangible fixed assets26€7,517
Current assets29/58€92,700
Stocks and contracts in progress3€13,508
Stocks30/36€13,508
Amounts receivable within one year40/41€60,364
Trade receivables40€60,364
Cash at bank and in hand54/58€18,808
Deferred charges and accrued income490/1€21
Equity and liabilities
Total equity and liabilities10/49€180,920
Equity10/15-€314,827
Contributions10/11€79,050
Profit (loss) carried forward14-€393,877
Amounts payable17/49€495,746
Amounts payable within one year42/48€495,746
Trade debts44€97,919
Suppliers440/4€97,919
Taxes, remuneration and social security45€67,750
Taxes450/3€24,764
Remuneration and social security454/9€42,986
Other amounts payable47/48€330,078
Income statement Code2024
Remuneration, social security and pensions62€405,313
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,497
Other operating charges640/8€3,690
Gross operating margin9900-€57,776
Operating profit (loss)9901-€502,276
Financial income75/76B€113,494
Recurring financial income75€113,494
Financial charges65/66B€5,095
Recurring financial charges65€5,095
Profit (loss) for the period before taxes9903-€393,877
Profit (loss) for the period9904-€393,877
Profit (loss) for the period to be appropriated9905-€393,877
Appropriation of the result
Profit (loss) to be appropriated9906-€393,877

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€405,313
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,497
Other operating charges640/8€3,690
Gross operating margin9900-€57,776
Operating profit (loss)9901-€502,276
Financial income75/76B€113,494
Recurring financial income75€113,494
Financial charges65/66B€5,095
Recurring financial charges65€5,095
Profit (loss) for the period before taxes9903-€393,877
Profit (loss) for the period9904-€393,877
Profit (loss) for the period to be appropriated9905-€393,877
Line2024
Assets
Total assets20/58€180,920
Fixed assets21/28€88,220
Intangible fixed assets21€1,040
Tangible fixed assets22/27€87,180
Furniture and vehicles24€79,663
Other tangible fixed assets26€7,517
Current assets29/58€92,700
Stocks and contracts in progress3€13,508
Stocks30/36€13,508
Amounts receivable within one year40/41€60,364
Trade receivables40€60,364
Cash at bank and in hand54/58€18,808
Deferred charges and accrued income490/1€21
Equity and liabilities
Total equity and liabilities10/49€180,920
Equity10/15-€314,827
Contributions10/11€79,050
Profit (loss) carried forward14-€393,877
Amounts payable17/49€495,746
Amounts payable within one year42/48€495,746
Trade debts44€97,919
Suppliers440/4€97,919
Taxes, remuneration and social security45€67,750
Taxes450/3€24,764
Remuneration and social security454/9€42,986
Other amounts payable47/48€330,078
Line2024
Profit (loss) for the period9904-€393,877
+ Depreciation and write-downs630€35,497
Operating cash flow (approximation)-€358,380

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-06
State Gazette act Resignation: Daria de TROOSTEMBERGH (director)
Registered-office move3 facts ▸
  • Board meeting, 12-06-2026
  • Director resignation, Daria de TROOSTEMBERGH (director)
  • Registered-office move, Rue du Marché aux Fromages 10 - 1000 Bruxelles
2025
22-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
214 m²
Building footprint
232 m²
Volume, LiDAR
2,777 m³
Parcel 21004A1136/00D000, Brussels · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
MIDREAM
Kaasmarkt 10, 1000 BrusselOther amusement and recreation activities
since 20232.349.383.649
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21004A1136/00D000
ProtectedArchitectural ensemble · MonumentDe Goede Naam - uitbreiding van de bescherming met bepaalde delenSource ↗
Brussels 214 m² 1 · 232 m² 14.5 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

1 person since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Daria de TROOSTEMBERGH
  • Director, until 26-04-2026
See the board, name and seat on a given date →

Recognitions · licences · registrations

Food safety, FASFC

1 site
Brussel2.349.383.649
1 permission
Drankgelegenheid · since 20-10-2023

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,530 companies in sector 90391 we hold annual accounts for 684. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56302Nightclubs
90391Promotion and organisation of arts and performing arts events
82300Organisation of conventions and trade shows
90201Performing arts by independent artists
90311Arts creation and performing arts activities
90392Design and construction of stages and sets
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804878185
Registered 28-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.