VAN MIDDELEM & PARTNERS
ActiveVAN MIDDELEM & PARTNERS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.16M and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 85% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency82▼-14
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.81 in 2024), and 12.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.3%
Return on assets
-0.3%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
7 d early
2022
40 d early
2021
19 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.16M▼ 0.3%
2024 · €1.17M
2018: €1.29M
2019: €1.26M
2020: €1.25M
2021: €1.21M
2022: €1.19M
2023: €1.19M
2024: €1.17M
2018 → 2025
Total assets
€1.33M▼ 0.1%
2024 · €1.33M
2018: €1.75M
2019: €1.62M
2020: €1.57M
2021: €1.52M
2022: €1.42M
2023: €1.39M
2024: €1.33M
2018 → 2025
Net result
€-3k▲ 81.9%
2024 · €-19k
2018: €-50k
2019: €-29k
2020: €-13k
2021: €-40k
2022: €-22k
2023: €-5k
2024: €-19k
2018 → 2025
Working capital
€18k▼ 61.4%
2024 · €47k
2018: €-25k
2019: €-33k
2020: €-27k
2021: €43k
2022: €52k
2023: €70k
2024: €47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.19M▼ 1.8%€1.19M▼ 0.4%€1.17M▼ 1.6%€1.16M▼ 0.3%
Operating result€-35k-€-19k▲ 45.3%€-5k▲ 74.6%€-19k▼ 301%€-4k▲ 78.0%
Net result€-40k-€-22k▲ 45.9%€-5k▲ 78.0%€-19k▼ 301%€-3k▲ 81.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€1.22M▼ 0.3%
Current assets
€107k▲ 2.4%
Equity and liabilities €1.33M
Equity
€1.16M▼ 0.3%
Provisions
€35k▼ 4.1%
Debt
€133k▲ 3.1%
The debt ratio rises from 9.7% to 10.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€51k▲
2024 · €38k
Cash flow
€52k▲
2024 · €38k
Solvency
87.3%▼
2024 · 87.5%
Current ratio
1.20▼
2024 · 1.81
Quick ratio
1.20▼
2024 · 1.81
Debt / equity
0.11▲
2024 · 0.11
ROE
-0.3%▲
2024 · -1.6%
ROA
-0.3%▲
2024 · -1.4%
Interest coverage
37.92▲
2024 · 18.24
Debt
€133k▲
2024 · €129k
Debt ≤ 1 year
€89k▲
2024 · €58k
Debt > 1 year
€44k▼
2024 · €72k
Income taxes
€280▼
2024 · €406
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.33M€1.33M▼
Fixed assets21/28€1.23M€1.22M▼
Tangible fixed assets22/27€1.23M€1.22M▼
Land and buildings22€1.21M€1.18M▼
Plant, machinery and equipment23€479€240▼
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26€13k€31k▲
Financial fixed assets28€2k€2k=
Current assets29/58€105k€107k▲
Amounts receivable within one year40/41€5k€1k▼
Trade receivables40€5k€1k▼
Current investments50/53€80k€80k=
Cash at bank and in hand54/58€7k€23k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.33M▼
Equity10/15€1.17M€1.16M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.24M€1.24M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€87k€83k▼
Distributable reserves133€1.15M€1.15M=
Profit (loss) carried forward14€-140k€-140k▲
Provisions and deferred taxes16€36k€35k▼
Deferred taxes168€36k€35k▼
Amounts payable17/49€129k€133k▲
Amounts payable after more than one year17€72k€44k▼
Financial debts170/4€72k€44k▼
Amounts payable within one year42/48€58k€89k▲
Current portion of amounts payable after more than one year42€36k€27k▼
Trade debts44€11k€17k▲
Suppliers440/4€11k€17k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€9k€41k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€55k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-13k
Other operating charges640/8€2k€18k▲
Gross operating margin9900€40k€56k▲
Operating profit (loss)9901€-19k€-4k▲
Financial income75/76B€1k€923▼
Recurring financial income75€1k€923▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-20k€-5k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€406€280▼
Profit (loss) for the period9904€-19k€-3k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-15k€127▲
Appropriation of the result
Profit (loss) to be appropriated9906€-140k€-140k▲
Profit (loss) brought forward from the previous period14P€-125k€-140k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
2 directors, no change since 2023
Didier Van Middelem
CurrentDirector · since 25-02-2023
09-06-2023
MOUCHART Guy Henri Nicolas: Resigned as Director
25-02-2023
Didier Van Middelem: Appointed as Director
Location & real-estate footprint
Registered office, Ternat · 2 establishment units since 1994
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.
Assesteenweg 2281742 TernatGround area
966 m²
Building footprint
298 m²
Volume, LiDAR
2,676 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Van Middelem & Partners
since 19942.069.236.167
Van Middelem & Partners
since 20102.205.666.073
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071C0935/00B002 | Flanders | 799 m² | 1 · 180 m² | 13.0 m · 3 fl. |
| 23044A1061/00H006 | Flanders | 167 m² | 1 · 118 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500ARQH8N1PTUVA23
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 26,074 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-11-1994
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475774345