ACTIVE

MIDELCO

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Financial year 2025 · closed on 30/06/2025

Net result

51,5 M €

+143.2% YoY

Revenue

1,2 M €

+38.7% YoY

Equity

238,3 M €

+27.6% YoY

Workforce

1,5 ETP

0.0% YoY

What does MIDELCO do?

MIDELCO is a Public limited company incorporated in 1987. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.555.581

Incorporation

25/02/1987

Legal form

Public limited company

Registered office

Doorniksewijk(Kor) 49
8500 Kortrijk · FlandreSee on map

Contributed capital

1 500 000,00 €

Latest accounts

30/06/2025

Average workforce

1,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007
Income statement
Revenue	1,2 M €	+38.7%	877 k €	+0.2%	875,2 k €	+13.9%	768,6 k €	-13.8%	891,8 k €	+2.8%	867,4 k €	+14.9%	755 k €	+8.6%	695,4 k €	+6.1%	655,6 k €	-46.2%	1,2 M €	+0.1%	1,2 M €	+5.1%	1,2 M €	+14.5%	1 M €	-21.9%	1,3 M €	-2.0%	1,3 M €	+3.9%	1,3 M €	-9.8%	1,4 M €	+3.6%	1,4 M €
EBITDA	462,3 k €	+691%	-78,2 k €	-131%	251,5 k €	-35.4%	389,6 k €	-28.6%	545,7 k €	+244%	-378,9 k €	-158%	649 k €	+7.0%	606,4 k €	-86.4%	4,4 M €	-58.2%	10,7 M €	+295%	-5,5 M €	+11.5%	-6,2 M €	-838%	839,2 k €	-26.5%	1,1 M €	-3.5%	1,2 M €	+4.9%	1,1 M €	-9.2%	1,2 M €	+34.5%	924,3 k €
Operating result	366,6 k €	+331%	-158,8 k €	-185%	186,9 k €	-44.6%	337,1 k €	-30.4%	484,4 k €	+215%	-421,3 k €	-171%	596,4 k €	+1.9%	585,3 k €	-86.8%	4,4 M €	-58.4%	10,6 M €	+293%	-5,5 M €	+11.5%	-6,2 M €	-859%	817,9 k €	-27.0%	1,1 M €	-3.5%	1,2 M €	+5.0%	1,1 M €	-9.4%	1,2 M €	+37.1%	890,6 k €
Net result	51,5 M €	+143%	21,2 M €	+73.3%	12,2 M €	+131%	5,3 M €	-31.5%	7,7 M €	+187%	2,7 M €	-92.7%	36,8 M €	+382%	7,6 M €	+223%	2,4 M €	-15.7%	2,8 M €	+145%	-6,2 M €	+3.4%	-6,4 M €	-129%	22,3 M €	-48.8%	43,5 M €	+5556%	768,8 k €	+126%	340 k €	+149%	-693 k €	-103%	22,6 M €
Balance sheet
Equity	238,3 M €	+27.6%	186,7 M €	+12.8%	165,6 M €	+8.0%	153,3 M €	+3.6%	148 M €	+5.5%	140,3 M €	+2.0%	137,5 M €	+36.5%	100,7 M €	+8.2%	93,1 M €	+2.6%	90,7 M €	+3.2%	87,9 M €	-6.6%	94,1 M €	-9.9%	104,5 M €	+27.1%	82,2 M €	+112%	38,8 M €	+2.0%	38 M €	+0.9%	37,6 M €	-38.7%	61,4 M €
Total assets	370 M €	+26.1%	293,3 M €	+11.1%	264,1 M €	+6.6%	247,6 M €	+13.4%	218,4 M €	+1.6%	214,9 M €	+5.7%	203,4 M €	+17.6%	172,9 M €	+10.3%	156,8 M €	+3.3%	151,8 M €	-3.5%	157,3 M €	+3.2%	152,4 M €	+0.8%	151,3 M €	+3.6%	146 M €	+77.1%	82,4 M €	-1.6%	83,7 M €	-5.4%	88,5 M €	-15.4%	104,6 M €
Cash	2,2 M €	+2076%	100,5 k €	-94.5%	1,8 M €	-75.9%	7,6 M €	+164%	2,9 M €	+265%	784,6 k €	+90.9%	411 k €	+121%	186,2 k €	-62.5%	497 k €	-69.8%	1,6 M €	+1644%	94,4 k €	+234%	28,3 k €	-88.7%	251,2 k €	+10865%	2,3 k €	-97.9%	107,5 k €	+1382%	7,3 k €	-22.4%	9,4 k €	-92.2%	119,8 k €
Debts	130,8 M €	+23.2%	106,2 M €	+7.9%	98,4 M €	+4.8%	93,9 M €	+33.7%	70,2 M €	-5.5%	74,3 M €	+13.2%	65,6 M €	-8.9%	72 M €	+13.1%	63,7 M €	+11.5%	57,1 M €	+2.5%	55,7 M €	+9.3%	51 M €	+9.3%	46,7 M €	-26.8%	63,7 M €	+49.0%	42,8 M €	-5.3%	45,2 M €	-8.4%	49,4 M €	+15.2%	42,8 M €
Other
Workforce	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+36.4%	1,1 ETP	+120%	0,5 ETP		–		0,3 ETP	-70.0%	1,0 ETP	+25.0%	0,8 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 8 active · 31 ended

Active mandates

Barbara VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

David VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Elisa VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Michäel VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Patricia VLERICK - BOUCKAERT

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Philippe VLERICK

Managing director · since 29 novembre 2024 · until 30 novembre 2030

Active

ARLIMA

Director · since 30 novembre 2023 · until 27 novembre 2025 · 1003.029.290

Represented by Wouter Gabriëls

Active

D.A.S.T.

Director · since 30 novembre 2022 · until 27 novembre 2025 · 0449.523.932

Represented by Willem Dejonghe

Active

Ended mandates

Wim DEJONGHE

Director · since 30 novembre 2022 · until 27 novembre 2025

Ended

WOUTER GABRIELS

Director · since 30 novembre 2022 · until 27 novembre 2025

Ended

Wim DEJONGHE

Director · since 29 novembre 2019 · until 30 novembre 2022

Ended

WOUTER GABRIELS

Director · since 29 novembre 2019 · until 30 novembre 2020

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/12/2025	19/12/2024	19/12/2023	22/12/2022	31/03/2022	18/05/2021
General meeting	28/11/2025	29/11/2024	30/11/2023	30/11/2022	01/01/9999	22/02/2021
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

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	28/11/2025	15/12/2025	Dutch	PDF
Full model	30/06/2024	29/11/2024	19/12/2024	Dutch	PDF
Full model	30/06/2023	30/11/2023	19/12/2023	Dutch	PDF
Full model	30/06/2022	30/11/2022	22/12/2022	Dutch	PDF
Consolidated accounts	30/06/2022	31/03/2023	31/03/2023	Dutch	PDF
Full model	30/06/2021	30/11/2021	24/01/2022	Dutch	PDF
Consolidated accounts	30/06/2021	01/01/9999	31/03/2022	Dutch	PDF
Full model	30/06/2020	30/11/2020	15/12/2020	Dutch	PDF
Consolidated accounts	30/06/2020	22/02/2021	18/05/2021	Dutch	PDF
Full model	30/06/2019	29/11/2019	07/01/2020	Dutch	PDF
Consolidated accounts	30/06/2019	29/11/2019	20/01/2020	Dutch	PDF
Full model	30/06/2018	30/11/2018	17/12/2018	Dutch	PDF
Consolidated accounts	30/06/2018	07/12/2018	31/01/2019	Dutch	PDF
Full model	30/06/2017	30/11/2017	19/12/2017	Dutch	PDF
Consolidated accounts	30/06/2017	15/12/2017	18/01/2018	Dutch	PDF
Full model	30/06/2016	30/11/2016	15/12/2016	Dutch	PDF
Consolidated accounts	30/06/2016	26/12/2016	04/01/2017	Dutch	PDF
Full model	30/06/2015	30/11/2015	07/01/2016	Dutch	PDF
Consolidated accounts	30/06/2015	23/12/2015	24/02/2016	Dutch	PDF
Full model	30/06/2014	28/11/2014	23/12/2014	Dutch	PDF
Consolidated accounts	30/06/2014	23/12/2014	27/01/2015	Dutch	PDF
Full model	30/06/2013	29/11/2013	20/12/2013	Dutch	PDF
Consolidated accounts	30/06/2013	29/11/2013	20/12/2013	Dutch	PDF
Full model	30/06/2012	30/11/2012	03/01/2013	Dutch	PDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2025 · 8 active · 31 ended

Active mandates

Barbara VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

David VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Elisa VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Michäel VLERICK

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Patricia VLERICK - BOUCKAERT

Director · since 29 novembre 2024 · until 30 novembre 2030

Active

Philippe VLERICK

Managing director · since 29 novembre 2024 · until 30 novembre 2030

Active

ARLIMA

Director · since 30 novembre 2023 · until 27 novembre 2025 · 1003.029.290

Represented by Wouter Gabriëls

Active

D.A.S.T.

Director · since 30 novembre 2022 · until 27 novembre 2025 · 0449.523.932

Represented by Willem Dejonghe

Active

Ended mandates

Wim DEJONGHE

Director · since 30 novembre 2022 · until 27 novembre 2025

Ended

WOUTER GABRIELS

Director · since 30 novembre 2022 · until 27 novembre 2025

Ended

Wim DEJONGHE

Director · since 29 novembre 2019 · until 30 novembre 2022

Ended

WOUTER GABRIELS

Director · since 29 novembre 2019 · until 30 novembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2022
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Restructuring10/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/03/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/01/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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

28/11/2025
reconductionNV D.A.S.T. — bestuurder
28/11/2025
reconductionBV ARLIMA — bestuurder
2025
Annual accounts 202551,5 M €↑
29/11/2024
reconductionPhilippe Vlerick — bestuurder
29/11/2024
reconductionPatricia Bouckaert — bestuurder
29/11/2024
reconductionMichael Vlerick — bestuurder
29/11/2024
reconductionDavid Vlerick — bestuurder
29/11/2024
reconductionElisa Vlerick — bestuurder
29/11/2024
reconductionBarbara Vlerick — bestuurder
29/11/2024
reconductionBOES JOSEPH-MICHEL BEDRIJFSREVISOR — commissaris
2024
Annual accounts 202421,2 M €↑
30/11/2023
nominationBV ARLIMA — bestuurder
2023
Annual accounts 202312,2 M €↑
30/11/2022
reconductionWouter Gabriëls — bestuurder
30/11/2022
nominationNV D.A.S.T. — bestuurder
2022
Annual accounts 20225,3 M €↓
2021
Annual accounts 20217,7 M €↑
2020
Annual accounts 20202,7 M €↓
2019
Annual accounts 201936,8 M €↑
2018
Annual accounts 20187,6 M €↑
2017
Annual accounts 20172,4 M €↓
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 2015-6,2 M €↑
2014
Annual accounts 2014-6,4 M €↓
2013
Annual accounts 201322,3 M €↓
2012
Annual accounts 201243,5 M €↑
2011
Annual accounts 2011768,8 k €↑
2010
Annual accounts 2010340 k €↑
2009
Annual accounts 2009-693 k €↓
2007
Annual accounts 200722,6 M €
25/02/1987
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

MIDELCO

Overview

What does MIDELCO 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