Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Midlands from Ronse, company number BE0423999074, closed financial year 2025 with a result of € -10,621 after tax. For that financial year Midlands recorded a gross margin of € -623 and equity of € 84,147. Compared with financial year 2024, the result moved from € -14,296 to € -10,621. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 84,147
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,621
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,333
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -39,853.
People and assets in 2025
€ 6,941
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,322
▲ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,952 | € 4,259 | € -3,178 | € -623 | ▲ € 2,555 |
| Profit after taxes | € -14,675 | € -7,268 | € -14,296 | € -10,621 | ▲ € 3,675 |
| Equity | € 116,333 | € 109,065 | € 94,769 | € 84,147 | ▼ 11% |
| Total debts | € 24,902 | € 25,421 | € 45,325 | € 62,000 | ▲ 37% |
| Cash | € 4,898 | € 2,553 | € 3,170 | € 2,333 | ▼ 26% |
| Land & buildings | € 125,915 | € 120,313 | € 114,739 | € 109,231 | ▼ 5% |
| Retained profit | € -7,667 | € -14,935 | € -29,231 | € -39,853 | ▼ € 10,621 |
| Balance sheet total | € 141,236 | € 134,486 | € 140,094 | € 146,147 | ▲ 4% |
Key figures of Midlands, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Midlands?
What happened at Midlands in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jacques Crucke stepped down as director. NBB
- Joelle Plouvier stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,621. filed late Source: NBB ↗
- Jacques Crucke became a director. NBB
- Joelle Plouvier became a director. NBB
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,675 loss in 2022 to € 10,621 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Jacques Crucke
Director
Also active at: CRUTEX, J.P. CRUCKE, N.J.C., SOCIETE LOGISTIQUE CRUCKE, LH Underwear, FENICE, DTS & CO
since 2023 · until 2029
Joelle Plouvier
Managing director
Also active at: CRUTEX, J.P. CRUCKE, SOCIETE LOGISTIQUE CRUCKE, FENICE, DTS & CO
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Ommegangstraat 51
9600 Ronse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.999.074
- VAT number
- BE 0423.999.074
- Registered office
- Ommegangstraat 51, 9600 Ronse
- Names & denominations
- Midlands
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 1983
- Peppol
- Not registered