MALAVIOLLE
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 18-08-2026 at the NBB all 17 filings
Turnover
≈ €620,000
Estimated: probably between €410,000 and €950,000
Total assets
€817,793▼ 29.4%
2025 · €1.2m
Net result
€150,353▼ 11.6%
2025 · €170,013
Working capital
€465,692▼ 40.7%
2025 · €785,869
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€209,856
▼ 8.8%
2026
20192026
Net result
€150,353
▼ 11.6%
2026
20192026
Equity
€536,256
▼ 36.8%
2026
20192026
Total assets
€817,793
▼ 29.4%
2026
20192026
Debt
€281,538
▼ 9.2%
2026
20192026
Working capital
€465,692
▼ 40.7%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m-€0.2m▼ 16.0%€0.1m▼ 12.6%€0.3m▲ 106%€0.2m▼ 14.0%€0.3m▲ 26.8%€0.2m▼ 25.5%€0.2m▼ 8.8%
Net result€0.1m-€0.1m▼ 14.7%€0.1m▼ 10.9%€0.2m▲ 102%€0.2m▼ 13.7%€0.2m▲ 27.6%€0.2m▼ 21.2%€0.2m▼ 11.6%
Equity€0.5m-€0.6m▲ 23.7%€0.4m▼ 25.2%€0.6m▲ 42.1%€0.7m▲ 16.1%€0.8m▲ 12.7%€0.8m▲ 7.9%€0.5m▼ 36.8%
Total assets€0.5m-€0.6m▲ 18.8%€0.8m▲ 45.6%€1.0m▲ 20.4%€1.1m▲ 11.5%€1.1m▲ 0.5%€1.2m▲ 3.9%€0.8m▼ 29.4%
Debt€0.02m-€0.003m▼ 86.3%€0.4m▲ 137×€0.4m▼ 2.4%€0.4m▲ 4.4%€0.3m▼ 20.1%€0.3m▼ 5.7%€0.3m▼ 9.2%
Working capital€0.4m-€0.6m▲ 48.9%€0.4m▼ 29.1%€0.6m▲ 40.1%€0.7m▲ 17.4%€0.8m▲ 14.2%€0.8m▲ 4.4%€0.5m▼ 40.7%
The operating result for 2026 is 9% lower than in 2025 and the lowest since 2022. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €817,793
Fixed assets
€310,807 ▼ 5.8%
Current assets
€506,987 ▼ 38.8%
Equity and liabilities €817,793
Equity
€536,256 ▼ 36.8%
Debt
€281,538 ▼ 9.2%
Debt's share of the balance-sheet total rises from 26.8% to 34.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€242,565▼
2025 · €262,945
Cash flow
€183,063▼
2025 · €202,767
Current ratio
12.28▼
2025 · 19.48
Debt to equity
0.53▲
2025 · 0.37
ROE
28.0%▲
2025 · 20.0%
ROA
18.4%▲
2025 · 14.7%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€41,294▼
2025 · €42,536
Debt > 1 year
€240,228▼
2025 · €267,215
Income taxes
€63,031▼
2025 · €71,828
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,719 | €2,999 | - | €33,262 | €13,442 |
| Depreciation and write-downs of the year | €27,914 | €31,189 | €31,189 | €32,754 | €32,709 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,465 | - | €65,798 | €27,914 | €31,189 | €31,189 | €32,754 | €32,709 | ▼ 0.1% |
| Other operating charges640/8 | - | - | - | €1,859 | €2,963 | €3,243 | €2,831 | €3,565 | ▲ 25.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €18,929 | - | - | - |
| Gross operating margin9900 | €191,752 | €157,983 | €208,282 | €313,079 | €277,883 | €362,395 | €265,776 | €246,130 | ▼ 7.4% |
| Operating profit (loss)9901 | €187,394 | €157,400 | €137,581 | €283,306 | €243,732 | €309,034 | €230,191 | €209,856 | ▼ 8.8% |
| Financial income75/76B | - | - | - | €1,632 | €2,033 | €4,484 | €13,767 | €5,504 | ▼ 60.0% |
| Recurring financial income75 | - | - | - | €1,632 | €2,033 | €4,484 | €13,767 | €5,504 | ▼ 60.0% |
| Financial charges65/66B | - | - | - | €2,697 | €3,256 | €2,495 | €2,117 | €1,975 | ▼ 6.7% |
| Recurring financial charges65 | €97 | €95 | €1,583 | €2,697 | €3,256 | €2,495 | €2,117 | €1,975 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €187,297 | €157,305 | €135,999 | €282,242 | €242,509 | €311,022 | €241,841 | €213,384 | ▼ 11.8% |
| Income taxes67/77 | €59,426 | €48,271 | €38,868 | €86,132 | €73,304 | €95,137 | €71,828 | €63,031 | ▼ 12.2% |
| Profit (loss) for the period9904 | €127,871 | €109,033 | €97,130 | €196,110 | €169,205 | €215,885 | €170,013 | €150,353 | ▼ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €127,871 | €109,033 | €97,130 | €196,110 | €169,205 | €215,885 | €170,013 | €150,353 | ▼ 11.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.6m | €0.8m | €1.0m | €1.1m | €1.1m | €1.2m | €0.8m | ▼ 29.4% |
| Fixed assets21/28 | €0.08m | €0.001m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 5.8% |
| Tangible fixed assets22/27 | €0.08m | €0.001m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 8.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.005m | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.009m | €0.003m | €0.003m | ▼ 12.1% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.03m | €0.03m | ▲ 4.6% |
| Current assets29/58 | €0.4m | €0.6m | €0.4m | €0.6m | €0.7m | €0.8m | €0.8m | €0.5m | ▼ 38.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.05m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.05m | - |
| Amounts receivable within one year40/41 | - | €0.01m | €0.01m | - | €0.002m | €0.2m | €0.1m | €0.007m | ▼ 94.1% |
| Other amounts receivable41 | - | - | - | - | €0.002m | €0.2m | €0.1m | €0.007m | ▼ 94.1% |
| Current investments50/53 | - | - | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 8.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.5m | €0.3m | €0.5m | €0.5m | €0.2m | €0.5m | €0.2m | ▼ 53.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.06m | €0.09m | €0.03m | €0.03m | ▼ 21.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.8m | €1.0m | €1.1m | €1.1m | €1.2m | €0.8m | ▼ 29.4% |
| Equity10/15 | €0.5m | €0.6m | €0.4m | €0.6m | €0.7m | €0.8m | €0.8m | €0.5m | ▼ 36.8% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | - | - | - | - | - |
| Reserves13 | €0.2m | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | €0.8m | €0.5m | ▼ 36.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.6m | €0.7m | €0.8m | €0.8m | €0.5m | ▼ 36.8% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €31 | €31 | €5 | €10 | €22 | €26 | ▲ 15.4% |
| Amounts payable17/49 | €0.02m | €0.003m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 9.2% |
| Amounts payable after more than one year17 | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 10.1% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 10.2% |
| Other amounts payable178/9 | - | - | - | €0.004m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Amounts payable within one year42/48 | €0.02m | €0.001m | €0.03m | €0.04m | €0.09m | €0.03m | €0.04m | €0.04m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.5% |
| Trade debts44 | €263 | €348 | €348 | €0.01m | €0.002m | €0.002m | €0.006m | €0.004m | ▼ 30.9% |
| Suppliers440/4 | - | - | - | €0.01m | €0.002m | €0.002m | €0.006m | €0.004m | ▼ 30.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.006m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.06m | €0.004m | €0.01m | €0.01m | ▲ 3.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.002m | €415 | €16 | ▼ 96.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €127,871 | €109,033 | €97,130 | €196,110 | €169,205 | €215,885 | €170,013 | €150,353 | ▼ 11.6% |
| + Depreciation and write-downs630 | €3,465 | - | €65,798 | €27,914 | €31,189 | €31,189 | €32,754 | €32,709 | ▼ 0.1% |
| Operating cash flow (approximation) | €131,336 | €109,033 | €162,928 | €224,024 | €200,394 | €247,074 | €202,767 | €183,063 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | €77,394 | -€462,591 | -€18,719 | -€2,999 | €0 | -€33,262 | -€13,442 | ▲ 59.6% |
| Change in cash | - | €171,970 | -€276,913 | €204,327 | €78,647 | -€304,029 | €254,824 | -€265,676 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as MALAVIOLLE has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of MALAVIOLLE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,811 companies, not a prediction for MALAVIOLLE. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 18-08-2026 | 2026-00403464 | |
| 30-06-2025 | micro format | 16-09-2025 | 2025-00493117 | |
| 30-06-2024 | micro format | 12-09-2024 | 2024-00461448 | |
| 30-06-2023 | micro format | 26-10-2023 | 2023-00492777 | |
| 30-06-2022 | micro format | 19-09-2022 | 2022-20433942 | |
| 30-06-2021 | micro format | 04-11-2021 | 2021-76900562 | |
| 30-06-2020 | micro format | 06-11-2020 | 2020-69000431 | |
| 30-06-2019 | micro format | 25-11-2019 | 2019-74400226 | |
| 30-06-2018 | micro format | 08-01-2019 | 2019-00700239 | |
| 30-06-2017 | micro format | 25-01-2018 | 2018-02500261 |