MALACORP
ActiveSummary
The computed 12-month bankruptcy probability of MALACORP is 8.2% (elevated). The 2024 annual accounts show equity of €28,150 and a net result of -€15,980. Equity has been growing by about 31% per year since 2020. Its solvency ranks better than 66% of 9,537 sector peers (NACE 47, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-07-2020 Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811and 2 others
- Establishment unit
- 2.305.148.679 2640 Mortsel, since 16-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.2%
- Gross margin
- -€6,695
- Loss
- €15,980
- Equity
- €28,150
- ▼ 36.2%
- Total assets
- €53,802
- ▼ 50.5%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 12-08-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 11 days lateFounded in 2020Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 66% of them on solvency, 25% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 16 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 11-08-2025 PDF all 5 filings
Every figure per financial year
The operating result for 2024 is a loss of €14,707, after a profit of €15,234 in 2023. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €8,546 | €2,200 | €2,658 | - |
| Depreciation and write-downs of the year | €1,841 | €2,325 | €3,024 | €3,406 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €430 | €618 | €80 | €676 | ▲ 745% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €453 | €1,841 | €2,325 | €3,024 | €3,406 | ▲ 12.7% |
| Other operating charges640/8 | - | €921 | €899 | €2,815 | €3,326 | ▲ 18.2% |
| Non-recurring operating charges66A | - | €1,437 | - | €7,848 | €604 | ▼ 92.3% |
| Gross operating margin9900 | €7,679 | €2,589 | €38,972 | €29,001 | -€6,695 | - |
| Operating profit (loss)9901 | €6,322 | -€2,040 | €35,130 | €15,234 | -€14,707 | - |
| Financial income75/76B | - | €0 | - | €4 | - | - |
| Recurring financial income75 | €84 | €0 | - | €4 | - | - |
| Financial charges65/66B | - | €58 | €55 | €384 | €1,273 | ▲ 231% |
| Recurring financial charges65 | €330 | €58 | €55 | €384 | €1,273 | ▲ 231% |
| Profit (loss) for the period before taxes9903 | €6,075 | -€2,098 | €35,075 | €14,854 | -€15,980 | - |
| Income taxes67/77 | €1,522 | €46 | €8,918 | €4,289 | - | - |
| Profit (loss) for the period9904 | €4,553 | -€2,145 | €26,157 | €10,565 | -€15,980 | - |
| Profit (loss) for the period to be appropriated9905 | €4,553 | -€2,145 | €26,157 | €10,565 | -€15,980 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,376 | €32,792 | €51,456 | €108,746 | €53,802 | ▼ 50.5% |
| Fixed assets21/28 | €2,868 | €9,574 | €9,449 | €9,083 | €5,677 | ▼ 37.5% |
| Intangible fixed assets21 | €211 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,657 | €9,574 | €9,449 | €9,083 | €5,677 | ▼ 37.5% |
| Plant, machinery and equipment23 | - | - | €2,168 | €3,083 | €2,324 | ▼ 24.6% |
| Furniture and vehicles24 | - | €9,574 | €7,281 | €6,000 | €3,353 | ▼ 44.1% |
| Current assets29/58 | €34,507 | €23,219 | €42,007 | €99,663 | €48,125 | ▼ 51.7% |
| Stocks and contracts in progress3 | - | - | €21,150 | €85,100 | €21,150 | ▼ 75.1% |
| Stocks30/36 | - | - | €21,150 | €85,100 | €21,150 | ▼ 75.1% |
| Amounts receivable within one year40/41 | €12,385 | €19,278 | €18,133 | €5,954 | €26,568 | ▲ 346% |
| Trade receivables40 | - | €9,674 | €497 | €2,777 | €26,393 | ▲ 850% |
| Other amounts receivable41 | - | €9,604 | €17,636 | €3,177 | €175 | ▼ 94.5% |
| Cash at bank and in hand54/58 | €22,122 | €3,940 | €2,724 | €1,800 | €407 | ▼ 77.4% |
| Deferred charges and accrued income490/1 | - | - | - | €6,808 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,376 | €32,792 | €51,456 | €108,746 | €53,802 | ▼ 50.5% |
| Equity10/15 | €9,553 | €7,408 | €33,565 | €44,130 | €28,150 | ▼ 36.2% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | €4,553 | €4,553 | €28,565 | €39,130 | ▲ 37.0% |
| Distributable reserves133 | - | €4,553 | €4,553 | €28,565 | €39,130 | ▲ 37.0% |
| Profit (loss) carried forward14 | €4,553 | -€2,145 | €24,012 | €10,565 | -€15,980 | - |
| Amounts payable17/49 | €27,823 | €25,384 | €17,891 | €64,616 | €25,652 | ▼ 60.3% |
| Amounts payable within one year42/48 | €27,823 | €25,384 | €17,891 | €64,616 | €25,652 | ▼ 60.3% |
| Trade debts44 | €25,086 | €23,815 | €8,074 | €879 | €4,748 | ▲ 440% |
| Suppliers440/4 | - | €23,815 | €8,074 | €879 | €4,748 | ▲ 440% |
| Advances received on contracts in progress46 | - | - | - | €17,525 | - | - |
| Taxes, remuneration and social security45 | - | €1,569 | €9,816 | €15,871 | €5,174 | ▼ 67.4% |
| Taxes450/3 | - | €1,569 | €8,986 | €15,041 | €5,174 | ▼ 65.6% |
| Remuneration and social security454/9 | - | - | €830 | €830 | - | - |
| Other amounts payable47/48 | - | - | - | €30,340 | €15,729 | ▼ 48.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,553 | -€2,145 | €26,157 | €10,565 | -€15,980 | - |
| + Depreciation and write-downs630 | €453 | €1,841 | €2,325 | €3,024 | €3,406 | ▲ 12.7% |
| Operating cash flow (approximation) | €5,006 | -€304 | €28,482 | €13,589 | -€12,574 | - |
| Investment in fixed assets (approximation) | - | -€8,546 | -€2,200 | -€2,658 | €0 | - |
| Change in cash | - | -€18,182 | -€1,217 | -€924 | -€1,393 | ▼ 50.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as MALACORP has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MALACORP itself is higher: 8.2% within 12 months. It rests on far more data about MALACORP than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for MALACORP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 11-08-2025 | 2025-00372031 | |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00370442 | |
| 31-12-2022 | abbreviated format | 07-08-2023 | 2023-00321979 | |
| 31-12-2021 | abbreviated format | 22-08-2022 | 2022-20313837 | |
| 31-12-2020 | abbreviated format | 19-08-2021 | 2021-50600205 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Klaessen Bart |
|
| Malacor Luc |
|
Network & group
MALACORP shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of MALACORP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-11
Gazette deed
Registered office moved from Schilde to MortselNew seat: Krijgsbaan 63, 2640 Mortsel · Previous seat: Turnhoutsebaan 18/4, 2970 Schilde · Resignation: Malacor Luc (director)6 points ▸
- General meeting, 22-01-2025
- Registered-office move, Krijgsbaan 63, 2640 Mortsel
- Director resignation, Malacor Luc (director)
- Director discharge, Malacor Luc
- Director appointment, Klaessen Bart (director)
- Other provision, “bekend te maken kopie, bijlagen bij het Belgisch Staatsblad” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Turnhoutsebaan 18/4, 2970 Schilde until 22-01-2025 · act of 21-11-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11512B0127/00E010 | Flanders | 399 m² | 1 · 141 m² | 10.5 m · 3 |