ACTIVE

MIDHAN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

229,8 k €

+16.9% YoY

Gross margin

387,2 k €

+9.9% YoY

Equity

932,2 k €

+16.9% YoY

What does MIDHAN do?

MIDHAN is a Private limited company incorporated in 2008. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.698.871

Incorporation

29/04/2008

Legal form

Private limited company

Registered office

Sint-Thomasstraat 42
2018 Antwerpen · FlandreSee on map

Contributed capital

31 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	387,2 k €	+9.9%	352,3 k €	+19.1%	295,8 k €	+42.7%	207,3 k €	+90.0%	109,1 k €	-44.8%	197,5 k €	-4.2%	206,2 k €	-4.8%	216,6 k €	+7.6%	201,3 k €	+15.7%	174 k €	+23.8%	140,5 k €	+6.1%	132,5 k €	-36.6%	209 k €	-4.9%	219,6 k €	+35.5%	162,1 k €	+5.1%	154,2 k €	-34.6%	235,7 k €
EBITDA	383,1 k €	+10.1%	348,1 k €	+22.1%	285,1 k €	+40.0%	203,6 k €	+95.5%	104,2 k €	-46.1%	193,1 k €	-3.4%	199,9 k €	-6.6%	213,9 k €	+8.4%	197,4 k €	+22.3%	161,4 k €	+17.4%	137,6 k €	+6.3%	129,4 k €	-37.4%	206,7 k €	-4.8%	217 k €	+36.3%	159,2 k €	+7.7%	147,8 k €	-37.0%	234,7 k €
Operating result	339,4 k €	+11.2%	305,2 k €	+22.5%	249,1 k €	+45.6%	171,1 k €	+140%	71,3 k €	-50.6%	144,2 k €	-6.1%	153,6 k €	-10.7%	172 k €	+17.8%	145,9 k €	+19.5%	122,1 k €	+15.8%	105,5 k €	+8.7%	97 k €	-42.2%	167,8 k €	+16.2%	144,3 k €	+17.4%	122,9 k €	+4.6%	117,5 k €	-23.2%	153 k €
Net result	229,8 k €	+16.9%	196,6 k €	+24.3%	158,2 k €	+38.9%	113,9 k €	+154%	44,9 k €	-48.3%	86,8 k €	-8.8%	95,2 k €	-17.6%	115,5 k €	+56.7%	73,7 k €	+7.8%	68,4 k €	+50.3%	45,5 k €	-10.9%	51,1 k €	-32.7%	75,9 k €	-11.5%	85,7 k €	+20.2%	71,3 k €	+9.9%	64,9 k €	-35.1%	100 k €
Balance sheet
Equity	932,2 k €	+16.9%	797,6 k €	+13.0%	706 k €	+13.6%	621,6 k €	-23.0%	807,4 k €	+5.9%	762,5 k €	+12.7%	676,5 k €	+16.4%	581,3 k €	-11.5%	656,9 k €	+16.4%	564,4 k €	+13.8%	496,1 k €	+10.1%	450,6 k €	+12.8%	399,5 k €	+19.3%	334,9 k €	+33.1%	251,6 k €	+39.6%	180,2 k €	+53.1%	117,8 k €
Total assets	1,2 M €	+11.1%	1,1 M €	+10.5%	999,2 k €	+16.8%	855,7 k €	-18.6%	1,1 M €	+0.6%	1 M €	+3.0%	1 M €	+7.7%	942,3 k €	-8.5%	1 M €	+22.0%	844,4 k €	+7.2%	787,8 k €	+0.0%	787,5 k €	-2.7%	809,7 k €	-19.2%	1 M €	+38.0%	726,4 k €	-3.5%	752,9 k €	+13.9%	661,3 k €
Cash	316,3 k €	-42.5%	550,3 k €	-6.9%	591,3 k €	+50.1%	393,8 k €	+11.6%	352,8 k €	+17.4%	300,5 k €	-36.5%	472,9 k €	+35.5%	348,9 k €	+54.5%	225,9 k €	-22.2%	290,5 k €	+158%	112,7 k €	-4.2%	117,7 k €	+22.5%	96,1 k €	+2035%	4,5 k €	+336%	1 k €	-94.3%	18,2 k €	-76.3%	76,8 k €
Debts	294,6 k €	-4.0%	306,7 k €	+4.6%	293,2 k €	+25.2%	234,1 k €	-4.0%	243,7 k €	-13.8%	282,7 k €	-16.5%	338,6 k €	-6.2%	361 k €	-3.3%	373,2 k €	+33.3%	279,9 k €	-4.0%	291,7 k €	-13.4%	337 k €	-17.5%	408,4 k €	-38.2%	661,4 k €	+39.4%	474,5 k €	-14.7%	556 k €	+2.5%	542,6 k €

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 · 1 active · 3 ended

Active mandates

Michel Van Geyte

Director · since 29 avril 2008

Active

Ended mandates

ANNE LOUWAGIE

Manager

Ended

Michel Van Geyte

Director

Ended

MICHEL VAN GEYTE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
C-LINE Consulting● Active	0842.987.804

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	24/07/2026	24/07/2025	29/08/2024	30/08/2023	28/11/2022	27/08/2021
General meeting	26/06/2026	27/06/2025	30/06/2024	30/06/2023	18/11/2022	28/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	18/11/2022	28/11/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	21/08/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	17/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	15/07/2010	Dutch	PDF

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 · 1 active · 3 ended

Active mandates

Michel Van Geyte

Director · since 29 avril 2008

Active

Ended mandates

ANNE LOUWAGIE

Manager

Ended

Michel Van Geyte

Director

Ended

MICHEL VAN GEYTE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2018
KAPITAAL - AANDELEN
PDF
Mandates29/07/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/05/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025229,8 k €↑
2024
Annual accounts 2024196,6 k €↑
2023
Annual accounts 2023158,2 k €↑
2022
Annual accounts 2022113,9 k €↑
2021
Annual accounts 202144,9 k €↓
2020
Annual accounts 202086,8 k €↓
2019
Annual accounts 201995,2 k €↓
2018
Annual accounts 2018115,5 k €↑
2017
Annual accounts 201773,7 k €↑
2016
Annual accounts 201668,4 k €↑
2015
Annual accounts 201545,5 k €↓
2014
Annual accounts 201451,1 k €↓
2013
Annual accounts 201375,9 k €↓
2012
Annual accounts 201285,7 k €↑
2011
Annual accounts 201171,3 k €↑
2010
Annual accounts 201064,9 k €↓
2009
Annual accounts 2009100 k €
29/04/2008
IncorporationPrivate 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

MIDHAN

Overview

What does MIDHAN do?

Trend over 17 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