M.AL EXPORT
ActiveM.AL EXPORT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €18k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 30% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+2
Solvency38▼-6
Growth67▲+42
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.23 in 2023; short-term debt: 86.8% and cash: 0% of total assets), and 86.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €127k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
50 d late
2022
240 d late
2021
131 d late
2020
92 d late
2019
78 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€829k▲ 82.2%
2023 · €455k
2018: €653k
2019: €497k
2020: €509k
2021: €997k
2022: €113k
2023: €455k
2018 → 2024
EBIT margin
3.0%▲ 0.2pp
2023 · 2.8%
2018: 0.7%
2019: 1.3%
2020: 1.8%
2021: 1.2%
2022: -30.5%
2023: 2.8%
2018 → 2024
Net result
€18k▲ 184%
2023 · €6k
2018: €7k
2019: €4k
2020: €8k
2021: €9k
2022: €-36k
2023: €6k
2018 → 2024
Working capital
€127k▲ 16.8%
2023 · €108k
2018: €118k
2019: €122k
2020: €130k
2021: €138k
2022: €102k
2023: €108k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€509k-€997k▲ 95.7%€113k▼ 88.7%€455k▲ 304%€829k▲ 82.2%
Equity€131k-€139k▲ 6.6%€103k▼ 26.2%€109k▲ 6.3%€127k▲ 16.7%
Operating result€9k-€12k▲ 35.8%€-34k€13k€25k▲ 95.2%
Net result€8k-€9k▲ 9.6%€-36k€6k€18k▲ 184%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 95% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €965k
Fixed assets
€744=
Current assets
€965k▲ 66.4%
Equity and liabilities €965k
Equity
€127k▲ 16.7%
Debt
€838k▲ 77.8%
The debt ratio rises from 81.2% to 86.8%. Equity and debt are higher.
Key figures and ratios
Solvency
13.2%▼
2023 · 18.8%
Current ratio
1.15▼
2023 · 1.23
Quick ratio
1.15▼
2023 · 1.23
Debt / equity
6.58▲
2023 · 4.32
ROE
14.3%▲
2023 · 5.9%
ROA
1.9%▲
2023 · 1.1%
Debt
€838k▲
2023 · €471k
Debt ≤ 1 year
€838k▲
2023 · €471k
Income taxes
€5k
Staff costs
€8k▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€580k€965k▲
Fixed assets21/28€744€744=
Financial fixed assets28€744€744=
Current assets29/58€580k€965k▲
Amounts receivable within one year40/41€574k€964k▲
Trade receivables40€526k€922k▲
Other amounts receivable41€49k€42k▼
Cash at bank and in hand54/58€28€326▲
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€580k€965k▲
Equity10/15€109k€127k▲
Contributions10/11€50k€50k=
Capital10€50k€50k=
Issued capital100€50k€50k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Profit (loss) carried forward14€54k€72k▲
Amounts payable17/49€471k€838k▲
Amounts payable within one year42/48€471k€838k▲
Trade debts44€471k€832k▲
Suppliers440/4€471k€832k▲
Taxes, remuneration and social security45€498€6k▲
Taxes450/3-€5k
Remuneration and social security454/9€498€1k▲
Income statement
Code20232024
Turnover70€455k€829k▲
Goods, raw materials, services and sundry goods60/61€417k€757k▲
Remuneration, social security and pensions62€21k€8k▼
Other operating charges640/8€4k€36k▲
Gross operating margin9900€38k€70k▲
Operating profit (loss)9901€13k€25k▲
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€6k€23k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€6k€18k▲
Profit (loss) for the period to be appropriated9905€6k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€72k▲
Profit (loss) brought forward from the previous period14P€48k€54k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Highest result since 2018net €18k ▲184%
Operating result €25k, net result €18k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 240 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-36k ▼524%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 78 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Emile Bockstaellaan 1851020 BrusselGround area
149 m²
Building footprint
94 m²
Volume, LiDAR
1,242 m³
Parcel 21815D0104/00E002, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M.AL EXPORT
since 20112.196.274.592
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0104/00E002 | Brussels | 149 m² | 1 · 94 m² | 18.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
STARTH
BE 0816.969.929
Fontaine-l'Evêque · Eq €127k
PLP COATINGS
BE 0820.950.194
Tessenderlo-Ham · Eq €128k
GOODWOODZ
BE 0803.249.575
Brugge · Eq €130k
LEUZE MATERIAUX
BE 0738.471.193
Leuze-en-Hainaut · Eq €131k
INRANO INVEST
BE 0865.663.830
Turnhout · Eq €123k
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-02-2011
Fiscal year end31-12
Activities, NACEBEL
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
46140Agents in the wholesale of industrial machinery, ships and aircraft
46831Wholesale of construction materials, general range
46839Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.