Financials
- Fiscal year
- 2025
- Total assets
- €1.5m
- Loss
- -€22,073
- Solvency
- 81.3%
Total assets▼ 5.6%
Net result
20192025
MALAMA
ActiveSummary
MALAMA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€22,073. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Agents specialised in the wholesale of other particular products
NACE 46180NACE 51180
1 site
Size
€1.5mtotal assets 2025
- Equity
- €1.2m
- Loss
- -€22,073
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts filed 29 d late0 of 4 deeds read
Why 94- Liquidity: current ratio 37.73, cash €45,519, halved+ Founded in 1987+ Size: total assets €1.5m+ Equity €1.2m (81.3% of total assets)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Better than 52% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 81.3% of total assets
Liquidity
54-5
short-term debt 1.1% · cash 3.0%
Profitability
28-39
return on assets -1.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 0.1%highest value
08-2026: 0.1%● 0.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%▼ -3.1% vs 09-2026lowest value
- Founded in 1987 lowers the probability for this profile
- Size: total assets €1.5m lowers the probability for this profile
- Liquidity: current ratio 37.73, cash €45,519, halved raises the probability
- Equity €1.2m (81.3% of total assets) lowers the probability
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 37.73 against 9.34 in 2024; short-term debt: 1.1% and cash: 3% of total assets), and 18.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 90%, liquidity 59%, profitability 25%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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
29 d late
2024
15 d late
2023
22 d late
2022
23 d early
2021
177 d late
2020
12 d late
2019
2 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 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 May (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity quadruplescurrent ratio 37.73
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 30-04-2027
- 29-05-2026Annual accounts filed
- 30-09-2025Liquidity quadruples
- 15-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Agents specialised in the wholesale of other particular…NACE 46180
- Founded
- 28-12-1987
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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