Equity
€5.3m ▲ 4.3%
MALAGA has made a profit in every financial year since 2018.
MALAGA
Lifetime
8 annual accounts with figures on one time axis, 9 filings since 2017peak €316,124 (2023)
€311,943▲ 0.1%
peak €350,031 (2018)
€217,592▲ 9.0%
peak €5.3m (2025)
€5.3m▲ 4.3%
€72,011▼ 9.2%
peak 0 FTE (2018)
-not published
Board15 names since 2017all names
6 directorsCOK Cornelia Renata and 5 others
Owners4 names in the annual accounts
100%SUMMA
Documentsfilings and deeds
09-06-202652 days before the deadline
2025abbreviated format
Reappointment: Deloitte Bedrijfrevisoren BV (statutory auditor) 07-07
Key points
from the 2025 annual accountsTurnover
≈ €730,000 estimated
The accounts state no turnover.
Liquidity
82.44 was 61.06 in 2024
Short-term debts fell from €43,154 to €35,309.
Filings
9 annual accounts since 2017
The last five annual accounts were filed 43 to 54 days before the end of the period.
At the same address
68 companies
Position in the sector
98.7%
Higher solvency than 95% of companies in warehousing and transport support. Sector median 36.7% · 890 companies.
Checked score
94
Excellent
Financially stronger than 69% of small companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 82.44, cash €78,552
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Size: total assets €5.3m
Figures for financial year 2025 (filed on 11-06-2026)
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 52, small). It does better than 94% of them on solvency, 66% on liquidity, 65% on profitability and 50% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,639 companies had the same profile as MALAGA has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MALAGA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,639 companies, not a prediction for MALAGA. 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.
Credit verdict
Credit of up to €490,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 82.44 (61.06 in 2024), above the usual 1.5. Short-term debt is 0.7% and cash 1.5% of total assets. 1.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 days early
2024
50 days early
2023
43 days early
2022
54 days early
2021
52 days early
2020
23 days early
2019
147 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- SUMMA 100%score 81equity €199.3m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0674953417
Reappointment: Deloitte Bedrijfrevisoren BV (statutory auditor)
Permanent representative: Kurt Dehoorne · General meeting of 06-06-2025 · Gazette deed
2 directors appointed
Changes of role: COK Cornelia Renata (class A director) and COK Hubrecht Jan (class B director) · Appointments: COK Erwin Benjamin (class A director) and FORTITUDE (class B director) · Permanent representative: DEVLIEGER Evelien Paula · Gazette deed
Appointment: DELOITTE BEDRIJSFREVISOREN (statutory auditor)
General meeting of 15-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MALAGA Antwerp | €5.3m | €311,943 | 98.7% | - |
| BCTN Beringen Meerhout | €6.6m | €213,133 | -8.6% | 2 |
| THE AGENCY Brasschaat | €3.6m | €275,710 | 9.4% | 5 |
| Global Container Lines Antwerp | €4.0m | €221,511 | 3.3% | - |
| SKY SERVICE Bruges | €5.7m | €370,263 | 51.8% | 1 |
| HAMBOS LOGISTICS Lubbeek | €8.8m | €521,619 | 19.0% | 14.5 |
| Barging Solutions Antwerp | €3.3m | €699,903 | 58.1% | 2.2 |
These companies have the same main activity as MALAGA: logistics services (NACE 52250). They are comparable in size and age: total assets between €3.3m and €8.8m, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 28-04-2017Normal situation
- Registered office
- 70 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Logistics servicesNACE 52250
- Establishment unit
- 2.264.586.6452030 Antwerp, since 28-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €5.3m▲ 4.1%
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Insights on MALAGA
MALAGA files the abbreviated format. That format states no turnover. The gross margin rose from €257,174 in 2020 to €311,943 in 2025.
SUMMA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MALAGA
- What is the company number of MALAGA?
- The company number of MALAGA is 0674.953.417. The VAT number is the same number with BE in front: BE 0674.953.417.
- Where is MALAGA based?
- The registered office is at Noorderlaan 139, 2030 Antwerp.Company details
- What does MALAGA do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of MALAGA?
- MALAGA is a public limited company (NV).
- When was MALAGA founded?
- MALAGA was founded on 28-04-2017.
- Is MALAGA still active?
- Yes, MALAGA is an active enterprise in the KBO register.
- What is the turnover of MALAGA?
- The turnover in financial year 2025 is ≈ €730,000. This figure is estimated from the gross margin of €311,943 and 2,275 comparable companies of the same size. It probably lies between €440,000 and €1.2m. It is a rough estimate. In financial year 2020 turnover was €334,012.Financials
- Is MALAGA profitable?
- In financial year 2025, MALAGA made a profit of €217,592.
- Where can I find the annual accounts of MALAGA?
- MALAGA filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MALAGA due?
- MALAGA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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