ACTIVE

MIDDLEGATE EUROPE

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Financial year 2025 · closed on 31/12/2025
Net result
567,6 k €
+12.2% YoY
Gross margin
3,5 M €
+11.3% YoY
Equity
1,2 M €
+15.6% YoY
Workforce
37,1 ETP
+8.8% YoY

What does MIDDLEGATE EUROPE do?

MIDDLEGATE EUROPE is a Public limited company incorporated in 2007. Its main activity is: Freight transport by road. Its registered office is in Grâce-Hollogne. It employs on average 37,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0890.026.468
Incorporation
12/06/2007
Legal form
Public limited company
Registered office
Rue Blériot(Louis) 7B
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
37,1 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road52100Warehousing and storage60242Television programming and broadcasting activities52250Support activities for transportation52290Other transportation support activities+1
Joint committees (4)
  • 140
  • 14003
  • 226
  • 22600
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120182017
Income statement
Gross margin3,5 M €3,2 M €2,6 M €2,4 M €2,4 M €2,7 M €2,7 M €
EBITDA1,1 M €999,8 k €729,7 k €693,3 k €697,5 k €1 M €1,1 M €
Operating result788,3 k €703,2 k €428 k €453,9 k €412,9 k €663,5 k €657,6 k €
Net result567,6 k €506 k €306,5 k €326,5 k €297,6 k €468,2 k €433,5 k €
Balance sheet
Equity1,2 M €1,1 M €971,2 k €1,1 M €1,1 M €1,2 M €947,3 k €
Total assets4,8 M €3 M €3 M €3 M €2,8 M €2,6 M €3,1 M €
Cash711 k €703,8 k €556,7 k €909,8 k €1 M €839,9 k €808 k €
Debts3,5 M €1,7 M €1,9 M €1,8 M €1,6 M €1,4 M €2,1 M €
Other
Workforce37,1 ETP34,1 ETP30,9 ETP30,9 ETP30,1 ETP29,2 ETP29,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Kim NOTMAN

Managing director · since 20 octobre 2023 · until 20 octobre 2029

Active
Sandro CATALE

Managing director · since 20 octobre 2023 · until 20 octobre 2029

Active

Ended mandates

Kim Notman

Managing director · since 18 juin 2018 · until 16 juin 2024

Ended
Sandro Catale

Managing director · since 18 juin 2018 · until 16 juin 2024

Ended
Kim Notman

Managing director · since 23 mai 2013 · until 18 juin 2018

Ended
Sandro Catale

Managing director · since 23 mai 2013 · until 18 juin 2018

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged 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 date15/06/202606/05/202503/06/202409/06/202321/06/202222/07/2021
General meeting15/06/202630/04/202516/05/202431/05/202320/06/202221/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202615/06/2026FrenchPDF
Abridged model31/12/202430/04/202506/05/2025FrenchPDF
Abridged model31/12/202316/05/202403/06/2024FrenchPDF
Abridged model31/12/202231/05/202309/06/2023FrenchPDF
Abridged model31/12/202120/06/202221/06/2022FrenchPDF
Abridged model31/12/202021/06/202122/07/2021FrenchPDF
Abridged model31/12/201915/06/202017/07/2020FrenchPDF
Abridged model31/12/201830/04/201920/05/2019FrenchPDF
Abridged model31/12/201724/05/201810/07/2018FrenchPDF
Abridged model31/12/201617/05/201712/06/2017FrenchPDF
Full model31/12/201527/05/201631/05/2016FrenchPDF
Full model31/12/201428/05/201501/06/2015FrenchPDF
Abridged model31/12/201330/05/201412/06/2014FrenchPDF
Abridged model31/12/201223/05/201320/06/2013FrenchPDF
Full model31/03/201130/09/201127/10/2011FrenchPDF
Abridged model31/03/201016/09/201022/11/2010FrenchPDF
Abridged model31/03/200930/09/200929/10/2009FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 10 ended

Active mandates

Kim NOTMAN

Managing director · since 20 octobre 2023 · until 20 octobre 2029

Active
Sandro CATALE

Managing director · since 20 octobre 2023 · until 20 octobre 2029

Active

Ended mandates

Kim Notman

Managing director · since 18 juin 2018 · until 16 juin 2024

Ended
Sandro Catale

Managing director · since 18 juin 2018 · until 16 juin 2024

Ended
Kim Notman

Managing director · since 23 mai 2013 · until 18 juin 2018

Ended
Sandro Catale

Managing director · since 23 mai 2013 · until 18 juin 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring09/02/2026
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Restructuring09/10/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates03/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/06/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring23/08/2012
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS
    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 2025567,6 k €↑
  2. 2024
    Annual accounts 2024506 k €↑
  3. 2023
    Annual accounts 2023306,5 k €↓
  4. 2022
    Annual accounts 2022326,5 k €↑
  5. 2021
    Annual accounts 2021297,6 k €↓
  6. 2018
    Annual accounts 2018468,2 k €↑
  7. 2017
    Annual accounts 2017433,5 k €
  8. 12/06/2007
    IncorporationPublic limited company