Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 13.9 to 10.7.
-
Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MIDAS from Anderlecht, company number BE0412711244, closed financial year 2025 with a result of € 140,689 after tax. For that financial year MIDAS recorded revenue of € 1 million and equity of € 206,830. Compared with financial year 2024, the result moved from € -93,759 to € 140,689. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 10, 2026.
€ 206,830
▲ € 512,689 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,689
▲ still € 93,759 loss in 2024
Profit after tax over the fiscal year.
€ 610,333
▲ € 486,174 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3.8 million.
People and assets in 2025
10.7
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 956,766
▼ 14% vs 2024
€ 89,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,715
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 515,434
▼ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 1.2 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 120 days on average.
€ 305,411
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,255,329 | € 919,952 | € 981,449 | € 1,008,744 | ▲ 3% |
| Profit after taxes | € -225,182 | € -50,402 | € -93,759 | € 140,689 | ▲ € 234,448 |
| Equity | € -161,697 | € -212,100 | € -305,859 | € 206,830 | ▲ € 512,689 |
| Total debts | € 2,770,476 | € 3,043,456 | € 3,332,051 | € 2,446,411 | ▼ 27% |
| Cash | € 627,514 | € 525,103 | € 124,158 | € 610,333 | ▲ € 486,174 |
| Land & buildings | € 133,750 | € 87,815 | € 69,257 | € 30,591 | ▼ 56% |
| Retained profit | € -4,161,697 | € -4,212,100 | € -4,305,859 | € -3,793,170 | ▲ € 512,689 |
| Bank debt | € 1,045,400 | € 1,079,028 | € 821,659 | € 515,434 | ▼ 37% |
| Balance sheet total | € 2,688,351 | € 2,894,375 | € 3,031,192 | € 2,657,242 | ▼ 12% |
| Employees (FTE) | 16.8 | 13.9 | 11.9 | 10.7 | ▼ 1.2 |
Key figures of MIDAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MIDAS?
What happened at MIDAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MESA S.P.A. stepped down as director. NBB
- Francois-Xavier Navarro stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 140,689. Source: NBB ↗
- Cédric Harivel stepped down as director. NBB
- Francois-Xavier Navarro became a director. NBB
- MESA S.P.A. became a director. NBB
- Cédric Harivel became a director. NBB
- New establishment in Hove. KBO
In short
From € 225,182 loss in 2022 to € 140,689 profit in 2025.
Paid € 2,319 in corporate taxes since 2022.
Best year ever: 2025, with € 140,689 profit.
Pays suppliers within 120 days on average.
Management
Directors
According to the 2025 annual accounts
Cédric Harivel
Managing director
since 2023 · until 2025
Director · represented by Alain Flipo
since 2023 · until 2030
Francois-Xavier Navarro
Managing director
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Paapsemlaan 20
1070 Anderlecht
Torhoutsesteenweg 485-487
8400 Oostende
Active since 12 May 1984
Mechelsesteenweg 205
2540 Hove
Active since 1 February 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
All companies at this address →Ixina Belgium
€ 14.7 million revenue · 2025
KEYSOURCE
€ 305,000 gross margin · 2025
BRUDEX
€ 2.9 million revenue · 2025
AUTO 5
€ 107.9 million revenue · 2025
HAPPY LOG
€ -27,403 gross margin · 2026
+75 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0412.711.244
- VAT number
- BE 0412.711.244
- Registered office
- Paapsemlaan 20, 1070 Anderlecht
- Names & denominations
- MIDAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 1972
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- midas.be [email protected]
- Activities · NACE
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