Malamat
ActiveSummary
Malamat has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-25
Solvency42▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 1.39 in 2024; short-term debt: 35% and cash: 2.4% of total assets), but 83.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
7.9%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €36k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
43 d early
2022
48 d early
2021
3 d early
2020
1 d early
2019
34 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 88.4%
2024 · €19k
2019: €-18klowest in 7 years
2020: €9k▲ +149% vs 2019
2021: €19k▲ +122% vs 2020
2022: €364▼ -98.1% vs 2021
2023: €395▲ +8.5% vs 2022
2024: €19k▲ +4753% vs 2023
2025: €36k▲ +88.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€214k▲ 263%
2024 · €59k
2019: €33klowest in 7 years
2020: €62k▲ +85.7% vs 2019
2021: €84k▲ +35.8% vs 2020
2022: €68k▼ -19.3% vs 2021
2023: €87k▲ +27.5% vs 2022
2024: €59k▼ -31.8% vs 2023
2025: €214k▲ +263% vs 2024highest in 7 years
2019 → 2025
Net result
€17k▼ 9.8%
2024 · €19k
2019: €-24klowest in 7 years
2020: €14k▲ +158% vs 2019
2021: €-4k▼ -127% vs 2020
2022: €-19k▼ -410% vs 2021
2023: €31▲ +100% vs 2022
2024: €19k▲ +60458% vs 2023highest in 7 years
2025: €17k▼ -9.8% vs 2024
2019 → 2025
Working capital
€123k▲ 699%
2024 · €15k
2019: €-29klowest in 7 years
2020: €10k▲ +135% vs 2019
2021: €-16k▼ -252% vs 2020
2022: €-9k▲ +44.6% vs 2021
2023: €-9k▼ -6.0% vs 2022
2024: €15k▲ +269% vs 2023
2025: €123k▲ +699% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€364▼ 98.1%€395▲ 8.5%€19k▲ 4,753%€36k▲ 88.4%
2021: €19k
2022: €364▼ -98.1% vs 2021lowest in 5 years
2023: €395▲ +8.5% vs 2022
2024: €19k▲ +4753% vs 2023
2025: €36k▲ +88.4% vs 2024highest in 5 years
Operating result€-3k-€-9k▼ 240%€2k€22k▲ 856%€27k▲ 22.1%
2021: €-3k
2022: €-9k▼ -240% vs 2021lowest in 5 years
2023: €2k▲ +126% vs 2022
2024: €22k▲ +856% vs 2023
2025: €27k▲ +22.1% vs 2024highest in 5 years
Net result€-4k-€-19k▼ 410%€31€19k▲ 60,458%€17k▼ 9.8%
2021: €-4k
2022: €-19k▼ -410% vs 2021lowest in 5 years
2023: €31▲ +100% vs 2022
2024: €19k▲ +60458% vs 2023highest in 5 years
2025: €17k▼ -9.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€16k ▲ 333%
Current assets
€198k ▲ 258%
Equity and liabilities €214k
Equity
€36k ▲ 88.4%
Debt
€178k ▲ 347%
Debt's share of the balance-sheet total rises from 67.5% to 83.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €36k
Cash flow
€20k▼
2024 · €33k
Current ratio
2.64▲
2024 · 1.39
Debt to equity
4.93▲
2024 · 2.08
ROE
46.9%▼
2024 · 97.9%
ROA
7.9%▼
2024 · 31.8%
Interest coverage
5.53▲
2024 · -17.94
Debt ≤ 1 year
€75k▲
2024 · €40k
Debt > 1 year
€103k
Income taxes
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€214k▲
Fixed assets21/28€4k€16k▲
Tangible fixed assets22/27€4k€1k▼
Furniture and vehicles24€4k€1k▼
Financial fixed assets28-€15k
Current assets29/58€55k€198k▲
Amounts receivable after more than one year29€20k€20k=
Other amounts receivable291€20k€20k=
Amounts receivable within one year40/41€15k€146k▲
Trade receivables40€15k-
Other amounts receivable41-€146k
Current investments50/53€20k€27k▲
Cash at bank and in hand54/58€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€59k€214k▲
Equity10/15€19k€36k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€569€18k▲
Amounts payable17/49€40k€178k▲
Amounts payable after more than one year17-€103k
Financial debts170/4-€103k
Amounts payable within one year42/48€40k€75k▲
Current portion of amounts payable after more than one year42€6k€19k▲
Trade debts44€22k€33k▲
Suppliers440/4€22k€4k▼
Bills of exchange payable441-€29k
Taxes, remuneration and social security45€6k-
Taxes450/3€6k-
Other amounts payable47/48€6k€24k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€3k▼
Other operating charges640/8€872€1k▲
Gross operating margin9900€37k€31k▼
Operating profit (loss)9901€22k€27k▲
Financial income75/76B€258€134▼
Recurring financial income75€258€134▼
Financial charges65/66B€-2k€5k▲
Recurring financial charges65€-2k€5k▲
Profit (loss) for the period before taxes9903€24k€21k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€19k€17k▼
Profit (loss) for the period to be appropriated9905€19k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€569€18k▲
Profit (loss) brought forward from the previous period14P€-18k€569▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €18k | €18k | €14k | €3k | ▼ 77.7% |
| Other operating charges640/8 | €4k | €765 | €419 | €872 | €1k | ▲ 33.7% |
| Gross operating margin9900 | €19k | €10k | €20k | €37k | €31k | ▼ 15.9% |
| Operating profit (loss)9901 | €-3k | €-9k | €2k | €22k | €27k | ▲ 22.1% |
| Financial income75/76B | €30 | €89 | €222 | €258 | €134 | ▼ 48.0% |
| Recurring financial income75 | €30 | €89 | €222 | €258 | €134 | ▼ 48.0% |
| Financial charges65/66B | €423 | €7k | €2k | €-2k | €5k | ▲ 369% |
| Recurring financial charges65 | €423 | €7k | €2k | €-2k | €5k | ▲ 369% |
| Profit (loss) for the period before taxes9903 | €-3k | €-16k | €270 | €24k | €21k | ▼ 11.2% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €745 | €3k | €239 | €5k | €4k | ▼ 16.3% |
| Profit (loss) for the period9904 | €-4k | €-19k | €31 | €19k | €17k | ▼ 9.8% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-19k | €31 | €19k | €17k | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84k | €68k | €87k | €59k | €214k | ▲ 263% |
| Fixed assets21/28 | €56k | €34k | €16k | €4k | €16k | ▲ 333% |
| Tangible fixed assets22/27 | €56k | €34k | €16k | €4k | €1k | ▼ 60.7% |
| Furniture and vehicles24 | €56k | €34k | €16k | €4k | €1k | ▼ 60.7% |
| Financial fixed assets28 | - | - | - | - | €15k | - |
| Current assets29/58 | €28k | €34k | €70k | €55k | €198k | ▲ 258% |
| Amounts receivable after more than one year29 | - | - | - | €20k | €20k | = |
| Other amounts receivable291 | - | - | - | €20k | €20k | = |
| Amounts receivable within one year40/41 | €25k | €15k | €30k | €15k | €146k | ▲ 888% |
| Trade receivables40 | €13k | €12k | €30k | €15k | - | - |
| Other amounts receivable41 | €12k | €3k | €250 | - | €146k | - |
| Current investments50/53 | €3k | €18k | €17k | €20k | €27k | ▲ 39.0% |
| Cash at bank and in hand54/58 | €764 | €1k | €23k | €1k | €5k | ▲ 401% |
| Deferred charges and accrued income490/1 | €149 | €99 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84k | €68k | €87k | €59k | €214k | ▲ 263% |
| Equity10/15 | €19k | €364 | €395 | €19k | €36k | ▲ 88.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €515 | €-18k | €-18k | €569 | €18k | ▲ 2,977% |
| Amounts payable17/49 | €65k | €68k | €86k | €40k | €178k | ▲ 347% |
| Amounts payable after more than one year17 | €20k | €24k | €7k | - | €103k | - |
| Financial debts170/4 | €20k | €24k | €7k | - | €103k | - |
| Amounts payable within one year42/48 | €44k | €42k | €79k | €40k | €75k | ▲ 88.0% |
| Current portion of amounts payable after more than one year42 | €6k | €16k | €17k | €6k | €19k | ▲ 225% |
| Trade debts44 | €3k | €8k | €2k | €22k | €33k | ▲ 52.4% |
| Suppliers440/4 | €3k | €8k | €2k | €22k | €4k | ▼ 81.2% |
| Bills of exchange payable441 | - | - | - | - | €29k | - |
| Taxes, remuneration and social security45 | €6k | €4k | €10k | €6k | - | - |
| Taxes450/3 | €6k | €4k | €10k | €6k | - | - |
| Other amounts payable47/48 | €29k | €14k | €50k | €6k | €24k | ▲ 272% |
| Accrued charges and deferred income492/3 | €910 | €550 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-19k | €31 | €19k | €17k | ▼ 9.8% |
| + Depreciation and write-downs630 | €18k | €18k | €18k | €14k | €3k | ▼ 77.7% |
| Operating cash flow (approximation) | €14k | €-734 | €18k | €33k | €20k | ▼ 38.8% |
| Investment in fixed assets (approximation) | - | €4k | €0 | €-1k | €-16k | ▼ 1,060% |
| Change in cash | - | €605 | €21k | €-22k | €4k | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €19k ▲60,458%
Net result €19k, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €31
Net result €31 after 2 loss-making years.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.43 to 1.39; short-term debt falls from €51k to €26k.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Wemmel · 1 establishment unit since 2018
Ground area
1,148 m²
Building footprint
258 m²
Volume, LiDAR
1,565 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Malamat
since 20182.275.580.111
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0744/02A002 | Flanders | 1,061 m² | 1 · 170 m² | 8.7 m · 2 fl. |
| 23084A0466/00C002 | Flanders | 87 m² | 1 · 88 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 443 EUR awarded · 441 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 225 EUR | 225 EUR |
| 2023 | 1 | 218 EUR | 216 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500CZDTYX5X2JEA14
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,909 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2018
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.