ACTIVE

MIDDELHOF

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Financial year 2025 · closed on 31/12/2025

Net result

-141,6 k €

-148.1% YoY

Gross margin

272 k €

-42.6% YoY

Equity

1,5 M €

-8.9% YoY

What does MIDDELHOF do?

MIDDELHOF is a Public limited company incorporated in 1985. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Deerlijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.065.849

Incorporation

20/02/1985

Legal form

Public limited company

Registered office

Vichtesteenweg 200
8540 Deerlijk · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	272 k €	-42.6%	473,7 k €	+52.0%	311,6 k €	+27.6%	244,3 k €	-1.9%	249 k €	+19.1%	209,1 k €	-5.0%	220 k €	-5.7%	233,4 k €	+0.9%	231,2 k €	-9.1%	254,5 k €	-4.7%	267 k €	+4.1%	256,6 k €	+6.7%	240,5 k €	-1.8%	244,9 k €	-22.1%	314,5 k €	-13.1%	361,8 k €	+27.5%	283,7 k €	+10.1%	257,6 k €
EBITDA	172,8 k €	-53.9%	375,2 k €	+78.1%	210,7 k €	+31.5%	160,2 k €	-6.0%	170,5 k €	+24.7%	136,7 k €	-7.8%	148,2 k €	-5.3%	156,4 k €	+1.4%	154,3 k €	-10.9%	173,2 k €	-10.4%	193,2 k €	+4.0%	185,8 k €	+16.9%	159 k €	-4.9%	167,2 k €	-29.4%	236,7 k €	-16.1%	282,1 k €	+36.0%	207,4 k €	+16.7%	177,8 k €
Operating result	135,6 k €	-63.3%	369,4 k €	+75.5%	210,5 k €	+38.6%	151,8 k €	+135%	-433,9 k €	-10.7%	-392,1 k €	-440%	115,2 k €	+12.8%	102,1 k €	+5.1%	97,1 k €	-13.7%	112,5 k €	-15.1%	132,5 k €	+5.9%	125,2 k €	+26.9%	98,7 k €	-7.7%	106,9 k €	-38.4%	173,6 k €	-16.1%	207 k €	+58.9%	130,3 k €	+29.7%	100,4 k €
Net result	-141,6 k €	-148%	294,7 k €	+22.6%	240,4 k €	+38.0%	174,3 k €	+142%	-414 k €	+30.1%	-592,2 k €	-752%	90,8 k €	+1.9%	89,1 k €	-61.5%	231,4 k €	+171%	85,4 k €	-11.8%	96,8 k €	+5.3%	91,9 k €	+24.4%	73,9 k €	-65.8%	216,2 k €	+80.2%	119,9 k €	-14.4%	140,1 k €	+52.1%	92,1 k €	-66.5%	275 k €
Balance sheet
Equity	1,5 M €	-8.9%	1,6 M €	+22.6%	1,3 M €	+22.6%	1,1 M €	+19.6%	890,1 k €	-39.0%	1,5 M €	-28.3%	2 M €	-16.4%	2,4 M €	+3.8%	2,3 M €	-5.2%	2,5 M €	+3.6%	2,4 M €	+4.2%	2,3 M €	+4.2%	2,2 M €	+3.5%	2,1 M €	+11.3%	1,9 M €	+6.7%	1,8 M €	+8.1%	1,7 M €	+5.9%	1,6 M €
Total assets	1,6 M €	-8.1%	1,7 M €	+22.1%	1,4 M €	+17.6%	1,2 M €	+11.7%	1,1 M €	-37.1%	1,7 M €	-28.2%	2,4 M €	-9.7%	2,7 M €	-13.2%	3,1 M €	-0.9%	3,1 M €	+1.3%	3 M €	+2.4%	3 M €	+3.2%	2,9 M €	-4.3%	3 M €	+6.0%	2,8 M €	-2.7%	2,9 M €	+12.0%	2,6 M €	-7.5%	2,8 M €
Cash	992,4 k €	+534%	156,5 k €	-63.6%	430,1 k €	+268%	116,8 k €	+356%	25,6 k €	+42.8%	17,9 k €	-86.8%	135,3 k €	-6.2%	144,2 k €	-80.6%	741,8 k €	+2832%	25,3 k €	+156%	9,9 k €	+4.4%	9,5 k €	-21.3%	12 k €	+252%	3,4 k €	-95.8%	82,1 k €		–		51,2 k €		–
Debts	78 k €	+8.6%	71,9 k €	+102%	35,6 k €	-41.9%	61,2 k €	-33.6%	92,2 k €	-44.4%	165,9 k €	-32.6%	245,9 k €	+69.7%	144,9 k €	-76.9%	627,3 k €	+22.6%	511,9 k €	-7.2%	551,8 k €	-3.4%	571,3 k €	-1.5%	579,7 k €	-7.2%	624,7 k €	-7.4%	674,7 k €	-22.5%	870,9 k €	+26.8%	686,6 k €	-30.6%	989,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 33 ended

Active mandates

Ann Devos

Managing director · since 14 juin 2025 · until 14 juin 2031

Active

Petra Devos

Managing director · since 14 juin 2025 · until 14 juin 2031

Active

Vevi Devos

Director · since 14 juin 2025 · until 14 juin 2031

Active

Koen Devos

Director · since 09 juillet 2021 · until 14 juin 2026

Active

Ended mandates

Petra Devos

Managing director · since 17 juin 2024 · until 14 juin 2025

Ended

Ann Devos

Chairman of the board of directors · since 09 juillet 2021 · until 14 juin 2025

Ended

Ann Devos

Chairman of the board of directors · since 09 juillet 2021

Ended

Ann Devos

Managing director · since 09 juillet 2021 · until 14 juillet 2025

Ended

At this address

Other companies at this address

Company	CBE no.
D.C. HOLDING● Active	0817.714.354
Devos-Caby● Bankrupt	0451.862.919

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	19/06/2025	26/08/2024	28/08/2023	06/10/2022	26/08/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/06/2026	10/07/2026	Dutch	PDF
Micro model	31/12/2024	14/06/2025	19/06/2025	Dutch	PDF
Micro model	31/12/2023	08/06/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	10/06/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	11/06/2022	06/10/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	26/08/2021	Dutch	PDF
Micro model	31/12/2019	07/09/2020	23/09/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	26/09/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	13/11/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	09/12/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	27/09/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	16/10/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 33 ended

Active mandates

Ann Devos

Managing director · since 14 juin 2025 · until 14 juin 2031

Active

Petra Devos

Managing director · since 14 juin 2025 · until 14 juin 2031

Active

Vevi Devos

Director · since 14 juin 2025 · until 14 juin 2031

Active

Koen Devos

Director · since 09 juillet 2021 · until 14 juin 2026

Active

Ended mandates

Petra Devos

Managing director · since 17 juin 2024 · until 14 juin 2025

Ended

Ann Devos

Chairman of the board of directors · since 09 juillet 2021 · until 14 juin 2025

Ended

Ann Devos

Chairman of the board of directors · since 09 juillet 2021

Ended

Ann Devos

Managing director · since 09 juillet 2021 · until 14 juillet 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/06/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares10/12/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-141,6 k €↓
2024
Annual accounts 2024294,7 k €↑
2023
Annual accounts 2023240,4 k €↑
2022
Annual accounts 2022174,3 k €↑
2021
Annual accounts 2021-414 k €↑
2019
Annual accounts 2019-592,2 k €↓
2018
Annual accounts 201890,8 k €↑
2016
Annual accounts 201689,1 k €↓
2015
Annual accounts 2015231,4 k €↑
2014
Annual accounts 201485,4 k €↓
2013
Annual accounts 201396,8 k €↑
2012
Annual accounts 201291,9 k €↑
2011
Annual accounts 201173,9 k €↓
2010
Annual accounts 2010216,2 k €↑
2009
Annual accounts 2009119,9 k €↓
2008
Annual accounts 2008140,1 k €↑
2007
Annual accounts 200792,1 k €↓
2006
Annual accounts 2006275 k €
20/02/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MIDDELHOF

Overview

What does MIDDELHOF do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline