MALACORD GUY
ActiveSummary
The computed 12-month bankruptcy probability of MALACORD GUY is 1.5% (moderate). The 2025 annual accounts show negative equity (-€12,273) and a net result of -€9,538. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 7598 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+25
Solvency12▼-11
Growth33▼-21
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.52 in 2024; short-term debt: 112.7% and cash: 15.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.7%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12,273
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
65 d early
2023
65 d early
2022
56 d early
2021
82 d early
2020
75 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€300,267▼ 17.0%
2024 · €361,960
EBIT margin
10.2%▲ 9.5pp
2024 · 0.7%
Net result
-€9,538
2024 · €485
Working capital
-€39,651▲ 41.4%
2024 · -€67,636
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€393,968▼ 16.4%€440,303▲ 11.8%€333,009▼ 24.4%€361,960▲ 8.7%€300,267▼ 17.0%
Operating result€2,099▼ 88.7%-€33,831-€17,600▲ 48.0%€2,414€30,670▲ 1,171%
Net result-€2,426below the sector's middle half-€37,930below the sector's middle half▼ 1,463%-€22,198below the sector's middle half▲ 41.5%€485within the sector's middle half-€9,538below the sector's middle half
EBIT margin0.5%▼ 3.4pp-7.7%▼ 8.2pp-5.3%▲ 2.4pp0.7%▲ 6.0pp10.2%▲ 9.5pp
Equity€56,908within the sector's middle half▼ 4.1%€18,978within the sector's middle half▼ 66.7%-€3,220below the sector's middle half-€2,735below the sector's middle half▲ 15.1%-€12,273below the sector's middle half▼ 349%
Total assets€240,128within the sector's middle half▲ 3.5%€173,211within the sector's middle half▼ 27.9%€155,650within the sector's middle half▼ 10.1%€141,674within the sector's middle half▼ 9.0%€96,561within the sector's middle half▼ 31.8%
Debt€183,220▲ 6.0%€154,233▼ 15.8%€158,870▲ 3.0%€144,409▼ 9.1%€108,833▼ 24.6%
Working capital-€58,050below the sector's middle half▼ 7.6%-€81,150below the sector's middle half▼ 39.8%-€83,914below the sector's middle half▼ 3.4%-€67,636below the sector's middle half▲ 19.4%-€39,651below the sector's middle half▲ 41.4%
Solvency23.7%within the sector's middle half▼ 1.9pp11.0%below the sector's middle half▼ 12.7pp-2.1%below the sector's middle half▼ 13.0pp-1.9%below the sector's middle half▲ 0.1pp-12.7%below the sector's middle half▼ 10.8pp
Current ratio0.63below the sector's middle half▼ 0.030.41below the sector's middle half▼ 0.210.44below the sector's middle half▲ 0.020.52below the sector's middle half▲ 0.090.64below the sector's middle half▲ 0.11
Return on assets (ROA)-1.0%below the sector's middle half▼ 6.4pp-21.9%below the sector's middle half▼ 20.9pp-14.3%below the sector's middle half▲ 7.6pp0.3%within the sector's middle half▲ 14.6pp-9.9%below the sector's middle half▼ 10.2pp
Staff (FTE)3=3=21.5▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,171% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,561
Fixed assets
€27,378 ▼ 59.3%
Current assets
€69,182 ▼ 6.9%
Key figures and ratios
EBITDA
€38,967▲
2024 · €10,925
Cash flow
-€1,241▼
2024 · €8,996
Quick ratio
0.40▲
2024 · 0.17
Debt to equity
-8.87▲
2024 · -52.81
Interest coverage
9.55▲
2024 · 2.46
Debt ≤ 1 year
€108,833▼
2024 · €141,962
Income taxes
€3,328
Staff costs
€78,929▼
2024 · €95,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €393,968 | €440,303 | €333,009 | €361,960 | €300,267 | ▼ 17.0% |
| Non-recurring operating income76A | €300 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €231,076 | €298,297 | €203,441 | €236,946 | €179,939 | ▼ 24.1% |
| Remuneration, social security and pensions62 | €147,149 | €143,816 | €119,997 | €95,541 | €78,929 | ▼ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,565 | €30,010 | €8,473 | €8,511 | €8,297 | ▼ 2.5% |
| Other operating charges640/8 | €2,379 | €2,011 | €18,698 | €18,548 | €2,432 | ▼ 86.9% |
| Gross operating margin9900 | €163,192 | €142,006 | €129,567 | €125,014 | €120,328 | ▼ 3.7% |
| Operating profit (loss)9901 | €2,099 | -€33,831 | -€17,600 | €2,414 | €30,670 | ▲ 1,171% |
| Financial income75/76B | - | €1 | €109 | €2,521 | - | - |
| Recurring financial income75 | - | €1 | €109 | €2,521 | - | - |
| Financial charges65/66B | €4,525 | €4,100 | €4,706 | €4,450 | €36,880 | ▲ 729% |
| Recurring financial charges65 | €4,525 | €4,100 | €4,706 | €4,450 | €4,080 | ▼ 8.3% |
| Non-recurring financial charges66B | - | - | - | - | €32,800 | - |
| Profit (loss) for the period before taxes9903 | -€2,426 | -€37,930 | -€22,198 | €485 | -€6,210 | ▼ 1,379% |
| Income taxes67/77 | - | - | - | - | €3,328 | - |
| Profit (loss) for the period9904 | -€2,426 | -€37,930 | -€22,198 | €485 | -€9,538 | ▼ 2,065% |
| Profit (loss) for the period to be appropriated9905 | -€2,426 | -€37,930 | -€22,198 | €485 | -€9,538 | ▼ 2,065% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240,128 | €173,211 | €155,650 | €141,674 | €96,561 | ▼ 31.8% |
| Fixed assets21/28 | €142,968 | €115,735 | €90,862 | €67,349 | €27,378 | ▼ 59.3% |
| Intangible fixed assets21 | - | €65,600 | €49,200 | €32,800 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €60,968 | €50,135 | €41,662 | €34,549 | €27,378 | ▼ 20.8% |
| Land and buildings22 | €31,752 | €29,647 | €27,541 | €26,765 | €25,608 | ▼ 4.3% |
| Plant, machinery and equipment23 | €1,111 | €2,481 | €1,526 | €601 | - | - |
| Furniture and vehicles24 | €28,106 | €18,007 | €12,595 | €7,182 | €1,770 | ▼ 75.4% |
| Financial fixed assets28 | €82,000 | - | - | - | - | - |
| Current assets29/58 | €97,160 | €57,476 | €64,787 | €74,326 | €69,182 | ▼ 6.9% |
| Stocks and contracts in progress3 | €44,840 | €25,395 | €25,195 | €50,555 | €25,980 | ▼ 48.6% |
| Stocks30/36 | €44,840 | €25,395 | €25,195 | €50,555 | €25,980 | ▼ 48.6% |
| Amounts receivable within one year40/41 | €47,919 | €31,013 | €36,064 | €23,770 | €28,425 | ▲ 19.6% |
| Trade receivables40 | €39,031 | €19,399 | €30,527 | €13,828 | €17,034 | ▲ 23.2% |
| Other amounts receivable41 | €8,888 | €11,614 | €5,537 | €9,942 | €11,391 | ▲ 14.6% |
| Cash at bank and in hand54/58 | - | - | - | - | €14,777 | - |
| Deferred charges and accrued income490/1 | €4,400 | €1,068 | €3,529 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240,128 | €173,211 | €155,650 | €141,674 | €96,561 | ▼ 31.8% |
| Equity10/15 | €56,908 | €18,978 | -€3,220 | -€2,735 | -€12,273 | ▼ 349% |
| Contributions10/11 | €27,700 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - |
| Reserves13 | €1,751 | €397 | €397 | €397 | €397 | = |
| Non-distributable reserves130/1 | €1,751 | €397 | €397 | €397 | €397 | = |
| Reserves not available under the articles1311 | €1,751 | €397 | €397 | €397 | €397 | = |
| Profit (loss) carried forward14 | €27,457 | €12,381 | -€9,817 | -€9,332 | -€18,870 | ▼ 102% |
| Amounts payable17/49 | €183,220 | €154,233 | €158,870 | €144,409 | €108,833 | ▼ 24.6% |
| Amounts payable after more than one year17 | €28,010 | €15,607 | €10,168 | €2,447 | - | - |
| Financial debts170/4 | €28,010 | €15,607 | €10,168 | €2,447 | - | - |
| Amounts payable within one year42/48 | €155,210 | €138,626 | €148,702 | €141,962 | €108,833 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | €10,206 | €10,138 | €5,456 | €5,456 | €2,405 | ▼ 55.9% |
| Financial debts43 | €20,458 | €27,131 | €28,364 | €24,415 | €16,265 | ▼ 33.4% |
| Credit institutions430/8 | €20,458 | €27,131 | €28,364 | €24,415 | €16,265 | ▼ 33.4% |
| Trade debts44 | €41,803 | €22,324 | €23,907 | €24,890 | €3,886 | ▼ 84.4% |
| Suppliers440/4 | €41,803 | €22,324 | €23,907 | €24,890 | €3,886 | ▼ 84.4% |
| Taxes, remuneration and social security45 | €8,798 | €5,032 | €9,582 | €9,850 | €11,928 | ▲ 21.1% |
| Taxes450/3 | €2,959 | €1,504 | €6,235 | €4,716 | €8,044 | ▲ 70.6% |
| Remuneration and social security454/9 | €5,838 | €3,529 | €3,347 | €5,134 | €3,884 | ▼ 24.4% |
| Other amounts payable47/48 | €73,944 | €74,000 | €81,393 | €77,351 | €74,351 | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,426 | -€37,930 | -€22,198 | €485 | -€9,538 | ▼ 2,065% |
| + Depreciation and write-downs630 | €11,565 | €30,010 | €8,473 | €8,511 | €8,297 | ▼ 2.5% |
| Operating cash flow (approximation) | €9,138 | -€7,920 | -€13,725 | €8,996 | -€1,241 | ▼ 114% |
| Investment in fixed assets (approximation) | - | -€2,777 | €16,400 | €15,003 | €31,673 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €485
Net result €485 after 3 loss-making years.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€37,930
Net result drops to -€37,930, the lowest in the series; recovery starts the following year.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €12,458 ▲498%
Net result €12,458, the highest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2,083
Net result €2,083 after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Momignies · 1 establishment unit since 2016
Ground area
2,067 m²
Building footprint
246 m²
Volume, LiDAR
1,133 m³
Parcel 56051B0173/00K000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MALACORD GUY
since 20162.253.939.807
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56051B0173/00K000 | Wallonia | 2,067 m² | 1 · 246 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 11,419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
Contact
E-mail
malacordsprl@hotmail.comMomignies
Phone
0479/28.82.36Momignies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0652817918
Also
9925:BE0652817918
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.