MALAM
ActiveThe computed 12-month bankruptcy probability of MALAM is 4.8% (elevated). The 2025 annual accounts show negative equity (€-237k) and a net result of €-46k. Equity is shrinking by ~44.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 13009 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.04 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
Return on assets
-304.3%
Age of the figures
8 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€237k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
32 d late
2023
28 d early
2022
20 d early
2021
2 d late
2020
3 d late
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-237k▼ 24.3%
2024 · €-191k
2018: €30k
2019: €61
2020: €-29k
2021: €-52k
2022: €-120k
2023: €-143k
2024: €-191k
2018 → 2025
Total assets
€15k▼ 27.0%
2024 · €21k
2018: €54k
2019: €39k
2020: €27k
2021: €37k
2022: €30k
2023: €24k
2024: €21k
2018 → 2025
Net result
€-46k▲ 2.8%
2024 · €-48k
2018: €56
2019: €-30k
2020: €-29k
2021: €-23k
2022: €-68k
2023: €-23k
2024: €-48k
2018 → 2025
Working capital
€-246k▼ 21.0%
2024 · €-203k
2018: €21k
2019: €-15k
2020: €-44k
2021: €-80k
2022: €-141k
2023: €-159k
2024: €-203k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-52k-€-120k▼ 130%€-143k▼ 19.2%€-191k▼ 33.4%€-237k▼ 24.3%
Operating result€-22k-€-66k▼ 201%€-20k▲ 69.8%€-46k▼ 131%€-41k▲ 10.4%
Net result€-23k-€-68k▼ 195%€-23k▲ 66.1%€-48k▼ 108%€-46k▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€9k▼ 29.3%
Current assets
€6k▼ 23.5%
Key figures and ratios
EBITDA
€-38k▲
2024 · €-41k
Cash flow
€-43k▲
2024 · €-43k
Current ratio
0.03▼
2024 · 0.04
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
-1.06▲
2024 · -1.11
ROE
19.6%▼
2024 · 25.0%
ROA
-304.3%▼
2024 · -228.7%
Interest coverage
-7.14▲
2024 · -22.72
Debt
€252k▲
2024 · €212k
Debt ≤ 1 year
€252k▲
2024 · €212k
Income taxes
€0
Staff costs
€106k▼
2024 · €109k
A ratio outside any meaningful range has been withheld (balance sheet total €15k, equity €-237k).
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21k€15k▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€12k€9k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€176€176=
Current assets29/58€8k€6k▼
Stocks and contracts in progress3€2k€786▼
Stocks30/36€2k€786▼
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€2k€2k▲
Cash at bank and in hand54/58€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€21k€15k▼
Equity10/15€-191k€-237k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-199k€-245k▼
Amounts payable17/49€212k€252k▲
Amounts payable within one year42/48€212k€252k▲
Trade debts44€52k€38k▼
Suppliers440/4€52k€38k▼
Taxes, remuneration and social security45€15k€22k▲
Taxes450/3€13k€13k▲
Remuneration and social security454/9€2k€9k▲
Other amounts payable47/48€145k€192k▲
Income statement
Code20242025
Remuneration, social security and pensions62€109k€106k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€75k€73k▼
Operating profit (loss)9901€-46k€-41k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€-48k€-46k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-48k€-46k▲
Profit (loss) for the period to be appropriated9905€-48k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-199k€-245k▼
Profit (loss) brought forward from the previous period14P€-151k€-199k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2004
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.
Almawandeling 471200 Sint-Lambrechts-WoluweGround area
2,191 m²
Building footprint
479 m²
Volume, LiDAR
2,381 m³
Parcel 21018B0078/00F002, Brussels · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le d'Ici et d'Ailleurs
since 20042.138.782.593
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0078/00F002 | Brussels | 2,191 m² | 1 · 479 m² | 9.6 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2004
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.