MALAU
ActiveSummary
MALAU has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 10% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency30=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.09 in 2024; short-term debt: 76% and cash: 6.6% of total assets), and 94.9% 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
5.1%
Return on assets
0.3%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 10%
← 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
1819202122232425
2018 to 2025 · latest year €57k
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
31 d early
2023
29 d early
2022
30 d late
2021
2 d late
2020
30 d late
2019
75 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 5.7%
2024 · €54k
2018: €72khighest in 8 years
2019: €61k▼ -15.3% vs 2018
2020: €50k▼ -18.9% vs 2019
2021: €40k▼ -18.7% vs 2020lowest in 8 years
2022: €41k▲ +1.8% vs 2021
2023: €51k▲ +24.2% vs 2022
2024: €54k▲ +6.0% vs 2023
2025: €57k▲ +5.7% vs 2024
2018 → 2025
Total assets
€1.12M▼ 3.2%
2024 · €1.16M
2018: €550klowest in 8 years
2019: €809k▲ +47.0% vs 2018
2020: €796k▼ -1.6% vs 2019
2021: €774k▼ -2.8% vs 2020
2022: €1.18M▲ +52.3% vs 2021
2023: €1.20M▲ +2.0% vs 2022highest in 8 years
2024: €1.16M▼ -3.7% vs 2023
2025: €1.12M▼ -3.2% vs 2024
2018 → 2025
Net result
€3k▲ 1.7%
2024 · €3k
2018: €-5k
2019: €-11k▼ -105% vs 2018
2020: €-12k▼ -5.0% vs 2019lowest in 8 years
2021: €-9k▲ +20.1% vs 2020
2022: €707▲ +108% vs 2021
2023: €10k▲ +1305% vs 2022highest in 8 years
2024: €3k▼ -69.2% vs 2023
2025: €3k▲ +1.7% vs 2024
2018 → 2025
Working capital
€-771k▲ 3.3%
2024 · €-797k
2018: €-345k
2019: €-289k▲ +16.1% vs 2018highest in 8 years
2020: €-334k▼ -15.6% vs 2019
2021: €-342k▼ -2.3% vs 2020
2022: €-463k▼ -35.4% vs 2021
2023: €-534k▼ -15.3% vs 2022
2024: €-797k▼ -49.3% vs 2023lowest in 8 years
2025: €-771k▲ +3.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€41k▲ 1.8%€51k▲ 24.2%€54k▲ 6.0%€57k▲ 5.7%
2021: €40klowest in 5 years
2022: €41k▲ +1.8% vs 2021
2023: €51k▲ +24.2% vs 2022
2024: €54k▲ +6.0% vs 2023
2025: €57k▲ +5.7% vs 2024highest in 5 years
Operating result€-3k-€8k€21k▲ 172%€8k▼ 59.5%€8k▼ 2.7%
2021: €-3klowest in 5 years
2022: €8k▲ +389% vs 2021
2023: €21k▲ +172% vs 2022highest in 5 years
2024: €8k▼ -59.5% vs 2023
2025: €8k▼ -2.7% vs 2024
Net result€-9k-€707€10k▲ 1,305%€3k▼ 69.2%€3k▲ 1.7%
2021: €-9klowest in 5 years
2022: €707▲ +108% vs 2021
2023: €10k▲ +1305% vs 2022highest in 5 years
2024: €3k▼ -69.2% vs 2023
2025: €3k▲ +1.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€1.04M ▼ 3.3%
Current assets
€81k ▼ 0.9%
Equity and liabilities €1.12M
Equity
€57k ▲ 5.7%
Debt
€1.06M ▼ 3.6%
Debt's share of the balance-sheet total falls from 95.3% to 94.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €38k
Cash flow
€39k▲
2024 · €33k
Current ratio
0.10▲
2024 · 0.09
Debt to equity
18.61▼
2024 · 20.41
ROE
5.4%▼
2024 · 5.7%
ROA
0.3%▲
2024 · 0.3%
Interest coverage
8.78▲
2024 · 7.21
Debt ≤ 1 year
€852k▼
2024 · €879k
Debt > 1 year
€211k▼
2024 · €225k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.12M▼
Fixed assets21/28€1.08M€1.04M▼
Tangible fixed assets22/27€1.08M€1.04M▼
Land and buildings22€1.08M€1.04M▼
Assets under construction and advance payments27€0-
Current assets29/58€82k€81k▼
Amounts receivable within one year40/41€5k€6k▲
Trade receivables40€5k€6k▲
Cash at bank and in hand54/58€77k€74k▼
Deferred charges and accrued income490/1€659€693▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.12M▼
Equity10/15€54k€57k▲
Contributions10/11€120k€120k=
Profit (loss) carried forward14€-66k€-63k▲
Amounts payable17/49€1.10M€1.06M▼
Amounts payable after more than one year17€225k€211k▼
Financial debts170/4€225k€211k▼
Amounts payable within one year42/48€879k€852k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€857k€830k▼
Accrued charges and deferred income492/3-€998
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€36k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€42k€48k▲
Operating profit (loss)9901€8k€8k▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€3k€3k▲
Profit (loss) for the period9904€3k€3k▲
Profit (loss) for the period to be appropriated9905€3k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-63k▲
Profit (loss) brought forward from the previous period14P€-69k€-66k▲
The notes to these accounts (9 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 | €23k | €23k | €23k | €30k | €36k | ▲ 20.4% |
| Other operating charges640/8 | €4k | €4k | €3k | €4k | €4k | ▲ 18.2% |
| Gross operating margin9900 | €25k | €35k | €47k | €42k | €48k | ▲ 15.6% |
| Operating profit (loss)9901 | €-3k | €8k | €21k | €8k | €8k | ▼ 2.7% |
| Financial charges65/66B | €7k | €7k | €11k | €5k | €5k | ▼ 5.2% |
| Recurring financial charges65 | €7k | €7k | €11k | €5k | €5k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €-9k | €707 | €10k | €3k | €3k | ▲ 1.7% |
| Profit (loss) for the period9904 | €-9k | €707 | €10k | €3k | €3k | ▲ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €707 | €10k | €3k | €3k | ▲ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €774k | €1.18M | €1.20M | €1.16M | €1.12M | ▼ 3.2% |
| Fixed assets21/28 | €746k | €846k | €823k | €1.08M | €1.04M | ▼ 3.3% |
| Tangible fixed assets22/27 | €746k | €846k | €823k | €1.08M | €1.04M | ▼ 3.3% |
| Land and buildings22 | €746k | €723k | €700k | €1.08M | €1.04M | ▼ 3.3% |
| Assets under construction and advance payments27 | - | €123k | €123k | €0 | - | - |
| Current assets29/58 | €28k | €333k | €380k | €82k | €81k | ▼ 0.9% |
| Amounts receivable within one year40/41 | - | €5k | €4k | €5k | €6k | ▲ 40.3% |
| Trade receivables40 | - | €5k | €4k | €5k | €6k | ▲ 40.3% |
| Cash at bank and in hand54/58 | €28k | €328k | €376k | €77k | €74k | ▼ 3.4% |
| Deferred charges and accrued income490/1 | - | €50 | €0 | €659 | €693 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €774k | €1.18M | €1.20M | €1.16M | €1.12M | ▼ 3.2% |
| Equity10/15 | €40k | €41k | €51k | €54k | €57k | ▲ 5.7% |
| Contributions10/11 | €120k | €120k | €120k | €120k | €120k | = |
| Profit (loss) carried forward14 | €-80k | €-79k | €-69k | €-66k | €-63k | ▲ 4.7% |
| Amounts payable17/49 | €734k | €1.14M | €1.15M | €1.10M | €1.06M | ▼ 3.6% |
| Amounts payable after more than one year17 | €364k | €342k | €238k | €225k | €211k | ▼ 6.2% |
| Financial debts170/4 | €364k | €342k | €238k | €225k | €211k | ▼ 6.2% |
| Amounts payable within one year42/48 | €369k | €796k | €914k | €879k | €852k | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €22k | €22k | €13k | €14k | €14k | ▲ 2.0% |
| Trade debts44 | €3k | €640 | €741 | €2k | €2k | ▼ 3.8% |
| Suppliers440/4 | €3k | €640 | €741 | €2k | €2k | ▼ 3.8% |
| Taxes, remuneration and social security45 | - | - | €7k | €7k | €6k | ▼ 1.9% |
| Taxes450/3 | - | - | €4k | €4k | €4k | ▼ 3.1% |
| Remuneration and social security454/9 | - | - | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €345k | €773k | €893k | €857k | €830k | ▼ 3.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €998 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €707 | €10k | €3k | €3k | ▲ 1.7% |
| + Depreciation and write-downs630 | €23k | €23k | €23k | €30k | €36k | ▲ 20.4% |
| Operating cash flow (approximation) | €14k | €24k | €33k | €33k | €39k | ▲ 18.7% |
| Investment in fixed assets (approximation) | - | €-123k | €0 | €-282k | €0 | ▲ 100% |
| Change in cash | - | €300k | €48k | €-299k | €-3k | ▲ 99.1% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €10k ▲1,305%
Operating result €21k, net result €10k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €707
Net result €707 after 4 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
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, Genk · 1 establishment unit since 2013
Ground area
1,964 m²
Building footprint
325 m²
Volume, LiDAR
1,704 m³
Parcel 71302A0410/00N000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO-MALAU
since 20132.223.514.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0410/00N000 | Flanders | 1,964 m² | 1 · 325 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,439 companies in sector 86995 we hold annual accounts for 886. 685 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
Founded09-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
86995Nutrition and dietetics services
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.