ACTIVE

MIDAGEM

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Financial year 2025 · closed on 31/12/2025
Net result
-753,7 k €
-443.5% YoY
Gross margin
-683 k €
-327.8% YoY
Equity
316,9 k €
-70.4% YoY

What does MIDAGEM do?

MIDAGEM is a Private limited company incorporated in 1994. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0453.928.425
Incorporation
02/12/1994
Legal form
Private limited company
Registered office
Hoveniersstraat 30 box 151
2018 Antwerpen · FlandreSee on map
Contributed capital
633 600,00 €
Latest accounts
31/12/2025
Joint committees (5)
  • 102
  • 200
  • 218
  • 324
  • 32402
Signals
Good liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin-683 k €299,9 k €-55,9 k €226,4 k €293,7 k €-1 M €29 k €–––––––––––159,1 k €
EBITDA-736,1 k €236,9 k €-130,9 k €171,4 k €242,1 k €-1,1 M €-49,2 k €17,3 k €488,6 k €657,8 k €142,5 k €138 k €119,6 k €109,2 k €112,8 k €85,3 k €86,5 k €93 k €103,4 k €
Operating result-748,6 k €228,9 k €-148,9 k €163,8 k €234,5 k €-1,1 M €-56,8 k €9,7 k €480,8 k €645,9 k €129,8 k €123,4 k €102,9 k €104,8 k €108,5 k €81 k €74,1 k €89,8 k €85,6 k €
Net result-753,7 k €219,4 k €-157,8 k €155,8 k €227,4 k €-1,1 M €-59,9 k €538,9 €443,8 k €527,9 k €18,8 k €17,6 k €206,4 €5,6 k €14,1 k €6,4 k €5,9 k €11,3 k €17 k €
Balance sheet
Equity316,9 k €1,1 M €851,2 k €1 M €853,1 k €625,7 k €1,7 M €1,8 M €1,8 M €1,3 M €779,3 k €760,5 k €742,8 k €367,6 k €362,1 k €348 k €101,6 k €95,7 k €84,4 k €
Total assets7,3 M €8,2 M €7,7 M €7,6 M €7,1 M €5,6 M €6,5 M €6,1 M €5,9 M €6,7 M €7,7 M €4,6 M €4,5 M €5,6 M €6,2 M €5,1 M €3,5 M €4,4 M €5 M €
Cash4,1 k €4,4 k €2,3 k €23,7 k €4,5 k €17,4 k €2,3 k €8,8 k €7,8 k €215,3 k €7,4 k €273,3 k €178,6 k €280,7 k €176 k €80,5 k €4,7 k €4,7 k €5,3 k €
Debts7 M €7,1 M €6,9 M €6,6 M €6,2 M €4,9 M €4,8 M €4,3 M €4,1 M €5,4 M €6,9 M €3,8 M €3,7 M €5,2 M €5,8 M €4,8 M €3,4 M €4,3 M €4,9 M €
Other
Workforce––––1,2 ETP1,8 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Oliver Tenenbaum

Director · since 01 avril 2026

Active
EFRAIM DANIELE TENENBAUM

Director

Active

Ended mandates

EFRAIM DANIELE TENENBAUM

Manager

Ended
ERMANNO TENENBAUM

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202627/06/202526/07/202427/06/202328/06/202228/06/2021
General meeting25/06/202625/06/202525/06/202426/06/202325/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202629/06/2026DutchPDF
Micro model31/12/202425/06/202527/06/2025DutchPDF
Micro model31/12/202325/06/202426/07/2024DutchPDF
Micro model31/12/202226/06/202327/06/2023DutchPDF
Abridged model31/12/202125/06/202228/06/2022DutchPDF
Abridged model31/12/202025/06/202128/06/2021DutchPDF
Abridged model31/12/201925/06/202031/08/2020DutchPDF
Full model31/12/201825/06/201903/07/2019DutchPDF
Full model31/12/201725/06/201831/08/2018DutchPDF
Full model31/12/201626/06/201720/07/2017DutchPDF
Full model31/12/201528/07/201630/08/2016DutchPDF
Full model31/12/201425/06/201530/07/2015DutchPDF
Full model31/12/201328/08/201430/09/2014DutchPDF
Full model31/12/201225/06/201331/07/2013DutchPDF
Full model31/12/201125/06/201227/07/2012DutchPDF
Full model31/12/201025/06/201127/07/2011DutchPDF
Full model31/12/200923/08/201031/08/2010DutchPDF
Full model31/12/200825/06/200928/08/2009DutchPDF
Abridged model31/12/200725/06/200831/07/2008DutchPDF
Abridged model31/12/200625/06/200702/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 2 ended

Active mandates

Oliver Tenenbaum

Director · since 01 avril 2026

Active
EFRAIM DANIELE TENENBAUM

Director

Active

Ended mandates

EFRAIM DANIELE TENENBAUM

Manager

Ended
ERMANNO TENENBAUM

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates28/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/02/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/03/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/10/2010
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates03/06/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/03/2004
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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

Timeline

  1. 2025
    Annual accounts 2025-753,7 k €↓
  2. 2024
    Annual accounts 2024219,4 k €↑
  3. 2023
    Annual accounts 2023-157,8 k €↓
  4. 2022
    Annual accounts 2022155,8 k €↓
  5. 2021
    Annual accounts 2021227,4 k €↑
  6. 2020
    Annual accounts 2020-1,1 M €↓
  7. 2019
    Annual accounts 2019-59,9 k €↓
  8. 2018
    Annual accounts 2018538,9 €↓
  9. 2017
    Annual accounts 2017443,8 k €↓
  10. 2016
    Annual accounts 2016527,9 k €↑
  11. 2015
    Annual accounts 201518,8 k €↑
  12. 2014
    Annual accounts 201417,6 k €↑
  13. 2013
    Annual accounts 2013206,4 €↓
  14. 2012
    Annual accounts 20125,6 k €↓
  15. 2011
    Annual accounts 201114,1 k €↑
  16. 2010
    Annual accounts 20106,4 k €↑
  17. 2009
    Annual accounts 20095,9 k €↓
  18. 2008
    Annual accounts 200811,3 k €↓
  19. 2007
    Annual accounts 200717 k €
  20. 02/12/1994
    IncorporationPrivate limited company