MALACORP

Active

Private limited companyfounded 20206 yrs activeKrijgsbaan 63, 2640 Mortsel, BelgiumKBO/BCE: BE 0750.745.950

The computed 12-month bankruptcy probability of MALACORP is 2.5% (moderate). The 2024 annual accounts show equity of €28k and a net result of €-16k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 65% of 9623 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

38 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-81

Solvency77▲+11

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 1.88 against 1.54 in 2023; short-term debt: 47.7% and cash: 0.8% of total assets), and 47.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

52.3%

Return on assets

-29.7%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

11 d late

2023

22 d late

2022

7 d late

2021

22 d late

2020

19 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€28k▼ 36.2%

2023 · €44k

2020: €10k 2021: €7k 2022: €34k 2023: €44k

2020 → 2024

Total assets

€54k▼ 50.5%

2023 · €109k

2020: €37k 2021: €33k 2022: €51k 2023: €109k

2020 → 2024

Net result

€-16k

2023 · €11k

2020: €5k 2021: €-2k 2022: €26k 2023: €11k

2020 → 2024

Working capital

€22k▼ 35.9%

2023 · €35k

2020: €7k 2021: €-2k 2022: €24k 2023: €35k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€7k▼ 22.4%€34k▲ 353%€44k▲ 31.5%€28k▼ 36.2%

Operating result€6k-€-2k€35k€15k▼ 56.6%€-15k

Net result€5k-€-2k€26k€11k▼ 59.6%€-16k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €15k after €15k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €54k

11%

89.4%

Fixed assets €6k▼ 37.5%

Current assets €48k▼ 51.7%

Equity and liabilities €54k

52.3%

47.7%

Equity €28k▼ 36.2%

Debt €26k▼ 60.3%

The debt ratio falls from 59.4% to 47.7%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-11k▼

2023 · €18k

Cash flow

€-13k▼

2023 · €14k

Solvency

52.3%▲

2023 · 40.6%

Current ratio

1.88▲

2023 · 1.54

Quick ratio

1.05▲

2023 · 0.23

Debt / equity

0.91▼

2023 · 1.46

ROE

-56.8%▼

2023 · 23.9%

ROA

-29.7%▼

2023 · 9.7%

Interest coverage

-8.88▼

2023 · 47.50

Debt

€26k▼

2023 · €65k

Debt ≤ 1 year

€26k▼

2023 · €65k

Staff costs

€676▲

2023 · €80

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€109k€54k▼

Fixed assets21/28€9k€6k▼

Tangible fixed assets22/27€9k€6k▼

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€6k€3k▼

Current assets29/58€100k€48k▼

Stocks and contracts in progress3€85k€21k▼

Stocks30/36€85k€21k▼

Amounts receivable within one year40/41€6k€27k▲

Trade receivables40€3k€26k▲

Other amounts receivable41€3k€175▼

Cash at bank and in hand54/58€2k€407▼

Deferred charges and accrued income490/1€7k-

Equity and liabilities

Total equity and liabilities10/49€109k€54k▼

Equity10/15€44k€28k▼

Contributions10/11€5k€5k=

Reserves13€29k€39k▲

Distributable reserves133€29k€39k▲

Profit (loss) carried forward14€11k€-16k▼

Amounts payable17/49€65k€26k▼

Amounts payable within one year42/48€65k€26k▼

Trade debts44€879€5k▲

Suppliers440/4€879€5k▲

Advances received on contracts in progress46€18k-

Taxes, remuneration and social security45€16k€5k▼

Taxes450/3€15k€5k▼

Remuneration and social security454/9€830-

Other amounts payable47/48€30k€16k▼

Income statement Code20232024

Remuneration, social security and pensions62€80€676▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€3k€3k▲

Non-recurring operating charges66A€8k€604▼

Gross operating margin9900€29k€-7k▼

Operating profit (loss)9901€15k€-15k▼

Financial income75/76B€4-

Recurring financial income75€4-

Financial charges65/66B€384€1k▲

Recurring financial charges65€384€1k▲

Profit (loss) for the period before taxes9903€15k€-16k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€11k€-16k▼

Profit (loss) for the period to be appropriated9905€11k€-16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€35k€-5k▼

Profit (loss) brought forward from the previous period14P€24k€11k▼

Transfer to equity691/2€24k€11k▼

To other reserves6921€24k€11k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

11-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 11 days late

2024

31-12

Financial Weakest financial yearnet €-16k ▼251%

Net result drops to €-16k, the lowest in the series.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 22 days late

2023

07-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 7 days late

2022

31-12

Financial Back to profitnet €26k

Net result €26k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 2.35

Current ratio from 0.91 to 2.35; short-term debt falls from €25k to €18k.

22-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 22 days late

2021

19-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 19 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

22-01-2025 Resigned as Director

Location & real-estate footprint

Registered office, Mortsel · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Krijgsbaan 632640 Mortsel

Ground area

399 m²

Building footprint

141 m²

Volume, LiDAR