MALCOURANT
InactiveMALCOURANT was declared bankrupt on 17-10-2024 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 18-02-2026, published in the Belgian State Gazette on 24-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2023.
Overview
What they do
Activity not known
How big
€26,497total assets 2023
- Equity
- -€4,774
- Loss
- -€7,224
Turnover not published (abridged schema)
Financially healthy?
Inactive: no score
Who decides
Accounts 427 d overdue0 of 3 deeds read
Signals- Two or more financial years not filed- Administrative warnings in the KBO publicationsPrior bankruptcyFiled after the deadlineShow the evidence
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 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 · 9 filingsDeviation from the deadline
2023
29 d late
2022
273 d late
2021
590 d late
2020
61 d late
2019
31 d late
2018
27 d late
2017
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 149 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
- Bankruptcy closure (insufficient assets)Tribunal de l’entreprise de Liège…
- OpeningTribunal de l’entreprise de Liège…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2023Total assets €26,497Loss -€7,224Solvency -18.0%Liquidity 0.74
Total assets
€26,497▼ 25.8%
2018 - 2023
Net result
-€7,224
2018 - 2023
Equity
-€4,774
2018 - 2023
Staff (FTE)
1.1▲ 10.0%
2019 - 2020
Financials · fiscal year 2023, micro schema
Trend over the years
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€16,510▼ 17.0%-€3,833-€22,945▼ 499%€8,243-€6,726
Net result€13,756▲ 8.0%-€8,672-€30,482▼ 251%€3,351-€7,224
Equity€38,253▲ 56.2%€29,581▼ 22.7%-€901€2,451-€4,774
Total assets€249,827▲ 173%€193,188▼ 22.7%€136,077▼ 29.6%€35,699▼ 73.8%€26,497▼ 25.8%
Debt€211,574▲ 215%€163,607▼ 22.7%€136,978▼ 16.3%€33,248▼ 75.7%€31,271▼ 5.9%
Working capital-€26,447€17,744-€28,823-€3,973▲ 86.2%-€8,088▼ 104%
Staff (FTE)11.1▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6,726 after €8,243 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €26,497
Fixed assets
€3,314 ▼ 48.4%
Current assets
€23,183 ▼ 20.8%
Equity and liabilities
Equity-€4,774
Debt€31,271
Equity is negative: debt (€31,271) exceeds the balance-sheet total (€26,497).
Key figures and ratios
Key figures and ratios
EBITDA
-€3,616▼
2022 · €11,353
Cash flow
-€4,114▼
2022 · €6,461
Solvency
-18.0%▼
2022 · 6.9%
Current ratio
0.74▼
2022 · 0.88
ROA
-27.3%▼
2022 · 9.4%
Interest coverage
-7.25▼
2022 · 2.32
Debt ≤ 1 year
€31,271▼
2022 · €33,248
Staff costs
€3,211▲
2022 · €2,134
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,625 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €2,662 | €2,134 | €3,211 | ▲ 50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €36,064 | €33,722 | €3,110 | €3,110 | = |
| Other operating charges640/8 | - | - | €3,727 | €2,893 | €765 | ▼ 73.6% |
| Gross operating margin9900 | €58,412 | €74,883 | €17,167 | €16,380 | €359 | ▼ 97.8% |
| Operating profit (loss)9901 | €16,510 | -€3,833 | -€22,945 | €8,243 | -€6,726 | ▼ 182% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | €4,537 | €4,892 | €498 | ▼ 89.8% |
| Recurring financial charges65 | €3,593 | €4,839 | €4,537 | €4,892 | €498 | ▼ 89.8% |
| Profit (loss) for the period before taxes9903 | €12,918 | -€8,672 | -€27,482 | €3,351 | -€7,224 | ▼ 316% |
| Income taxes67/77 | -€839 | - | €3,000 | - | - | - |
| Profit (loss) for the period9904 | €13,756 | -€8,672 | -€30,482 | €3,351 | -€7,224 | ▼ 316% |
| Profit (loss) for the period to be appropriated9905 | €13,756 | -€8,672 | -€30,482 | €3,351 | -€7,224 | ▼ 316% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €249,827 | €193,188 | €136,077 | €35,699 | €26,497 | ▼ 25.8% |
| Fixed assets21/28 | €183,438 | €130,574 | €96,852 | €6,424 | €3,314 | ▼ 48.4% |
| Tangible fixed assets22/27 | €183,234 | €130,370 | €96,648 | €6,220 | €3,110 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | €1,530 | €1,020 | €510 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €7,800 | €5,200 | €2,600 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | €87,318 | - | - | - |
| Financial fixed assets28 | €204 | €204 | €204 | €204 | €204 | = |
| Current assets29/58 | €66,389 | €62,614 | €39,225 | €29,275 | €23,183 | ▼ 20.8% |
| Stocks and contracts in progress3 | €25 | €25 | - | - | - | - |
| Amounts receivable within one year40/41 | €66,304 | €32,850 | €39,225 | €28,893 | €23,183 | ▼ 19.8% |
| Trade receivables40 | - | - | €39,200 | €28,868 | €23,183 | ▼ 19.7% |
| Other amounts receivable41 | - | - | €25 | €25 | - | - |
| Cash at bank and in hand54/58 | - | €29,329 | - | €382 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €249,827 | €193,188 | €136,077 | €35,699 | €26,497 | ▼ 25.8% |
| Equity10/15 | €38,253 | €29,581 | -€901 | €2,451 | -€4,774 | ▼ 295% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,700 | €12,700 | €12,700 | €12,700 | €12,700 | = |
| Distributable reserves133 | - | - | €12,700 | €12,700 | €12,700 | = |
| Profit (loss) carried forward14 | €6,953 | -€1,719 | -€32,201 | -€28,849 | -€36,074 | ▼ 25.0% |
| Amounts payable17/49 | €211,574 | €163,607 | €136,978 | €33,248 | €31,271 | ▼ 5.9% |
| Amounts payable after more than one year17 | €118,737 | €118,737 | €68,929 | - | - | - |
| Financial debts170/4 | - | - | €68,929 | - | - | - |
| Amounts payable within one year42/48 | €92,837 | €44,870 | €68,048 | €33,248 | €31,271 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | - | - | €40,339 | - | - | - |
| Financial debts43 | - | - | €7,376 | - | - | - |
| Credit institutions430/8 | - | - | €7,376 | - | - | - |
| Trade debts44 | €36,474 | €5,160 | €7,428 | €6,839 | €3,178 | ▼ 53.5% |
| Suppliers440/4 | - | - | €7,428 | €6,839 | €3,178 | ▼ 53.5% |
| Advances received on contracts in progress46 | - | - | €421 | €421 | €421 | = |
| Taxes, remuneration and social security45 | - | - | €6,052 | €2,305 | €2,300 | ▼ 0.2% |
| Taxes450/3 | - | - | €6,052 | €2,305 | €2,300 | ▼ 0.2% |
| Other amounts payable47/48 | - | - | €6,432 | €23,683 | €25,372 | ▲ 7.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,756 | -€8,672 | -€30,482 | €3,351 | -€7,224 | ▼ 316% |
| + Depreciation and write-downs630 | - | €36,064 | €33,722 | €3,110 | €3,110 | = |
| Operating cash flow (approximation) | €13,756 | €27,392 | €3,241 | €6,461 | -€4,114 | ▼ 164% |
| Investment in fixed assets (approximation) | - | €16,800 | €0 | €87,318 | €0 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JESSICA DALLAPICCOLA Avenue Des Francais 12, 5060 09 Sambreville-Tamines |
17-10-2024 → 18-02-2026 |
Timeline
15 eventsLatest 24-02-2026
History
Acts, filings and financial milestones
2026
24-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 18-02-2026
2024
23-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 17-10-2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
21-05
KBO administration
UBO non-compliance
event 06-05-2024
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 273 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 590 days late
2022
31-12
Financial
Back to profitnet €3,351
Net result €3,351 after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet -€30,482
Net result drops to -€30,482, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €13,756 ▲8%
Net result €13,756, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Year ends 31-12Peppol not found
Register details
Identification
Legal formSPRL
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.