Midyat

Open bankruptcy

Private limited company (pre-2019)founded 2015Naamsevest 4, 3000 Leuven, BelgiumKBO/BCE: BE 0599.950.641

A bankruptcy procedure is open for Midyat according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €52k and a net result of €26k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-07-2022, 14 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

14 d early

2020

25 d late

2019

37 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2021, micro schema

Equity

€52k▲ 100.0%

2020 · €26k

2018: €15k 2019: €30k 2020: €26k

2018 → 2021

Total assets

€285k▲ 223%

2020 · €88k

2018: €54k 2019: €70k 2020: €88k

2018 → 2021

Net result

€26k

2020 · €-4k

2018: €4k 2019: €15k 2020: €-4k

2018 → 2021

Working capital

€-13k

2020 · €9k

2018: €-4k 2019: €12k 2020: €9k

2018 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2018201920202021Trend

Equity€15k-€30k▲ 99.8%€26k▼ 13.4%€52k▲ 100.0%

Operating result€7k-€25k▲ 239%€-4k€45k

Net result€4k-€15k▲ 278%€-4k€26k

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 returns to profit in 2021: €45k after a loss of €4k in 2020, the highest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €285k

53.4%

46.6%

Fixed assets €152k▲ 818%

Current assets €133k▲ 85.1%

Equity and liabilities €285k

18.2%

81.8%

Equity €52k▲ 100.0%

Debt €233k▲ 273%

The debt ratio rises from 70.6% to 81.8%. Equity and debt are higher.

Key figures and ratios

2021 value · change against 2020

EBITDA

€64k▲

2020 · €2k

Cash flow

€46k▲

2020 · €1k

Solvency

18.2%▼

2020 · 29.4%

Current ratio

0.91▼

2020 · 1.15

Quick ratio

0.91▼

2020 · 1.07

Debt / equity

4.49

ROE

50.0%▲

2020 · -15.4%

ROA

9.1%▲

2020 · -4.5%

Interest coverage

6.27

Debt

€233k▲

2020 · €62k

Debt ≤ 1 year

€146k▲

2020 · €62k

Debt > 1 year

€88k

Income taxes

€13k

Staff costs

€217k

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 · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€88k€285k▲

Fixed assets21/28€17k€152k▲

Tangible fixed assets22/27€17k€152k▲

Plant, machinery and equipment23-€20k

Furniture and vehicles24-€5k

Other tangible fixed assets26-€128k

Current assets29/58€72k€133k▲

Stocks and contracts in progress3€5k€1k▼

Stocks30/36-€1k

Amounts receivable within one year40/41€35k€106k▲

Trade receivables40-€26k

Other amounts receivable41-€80k

Cash at bank and in hand54/58€27k€26k▼

Equity and liabilities

Total equity and liabilities10/49€88k€285k▲

Equity10/15€26k€52k▲

Contributions10/11-€7k

Reserves13€2k€2k=

Non-distributable reserves130/1-€2k

Reserves not available under the articles1311-€2k

Profit (loss) carried forward14€17k€43k▲

Amounts payable17/49€62k€233k▲

Amounts payable after more than one year17-€88k

Financial debts170/4-€88k

Amounts payable within one year42/48€62k€146k▲

Current portion of amounts payable after more than one year42-€29k

Trade debts44€48k€85k▲

Suppliers440/4-€85k

Taxes, remuneration and social security45-€31k

Taxes450/3-€23k

Remuneration and social security454/9-€8k

Income statement Code20202021

Remuneration, social security and pensions62-€217k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€20k▲

Other operating charges640/8-€13k

Gross operating margin9900€37k€295k▲

Operating profit (loss)9901€-4k€45k▲

Financial income75/76B-€6k

Recurring financial income75€782€3k▲

Non-recurring financial income76B-€3k

Financial charges65/66B-€11k

Recurring financial charges65€1k€10k▲

Non-recurring financial charges66B-€1k

Profit (loss) for the period before taxes9903€-4k€39k▲

Income taxes67/77-€13k

Profit (loss) for the period9904€-4k€26k▲

Profit (loss) for the period to be appropriated9905€-4k€26k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€43k

Profit (loss) brought forward from the previous period14P-€17k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Signals 1Financial 2Filings 6

2023

29-08

Bankruptcy Opening

Ondernemingsrechtbank Leuven · MIDYAT BV NAAMSEVEST 4, 3000 LEUVEN · event 22-08-2023

2022

17-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €26k

Net result €26k after one loss-making year.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 25 days late

2020

31-12

Financial Weakest financial yearnet €-4k ▼127%

Net result drops to €-4k, the lowest in the series.

24-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

26-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

29-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 29 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Leuven · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Naamsevest 43000 Leuven

Ground area

143 m²

Building footprint

143 m²

Volume, LiDAR

830 m³

Parcel 24502C0475/00V000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

New York Pizza

Naamsevest 4, 3000 LeuvenLimited-service restaurants

since 20152.239.893.613

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24502C0475/00V000	Flanders	143 m²	1 · 143 m²	11.6 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61, 3290 DIEST ↔ Also on 260 other cases	22-08-2023 → present
Curator	ELS VAN ERUM ENGELAND- STRAAT 61, 3290 DIEST	22-08-2023 → present