MALECOM
ActiveSummary
MALECOM has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €99,987. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 39,312 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-01-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.327.602.397 9880 Aalter, since 05-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 06-07-2025
Board and ownership
- BUSSCHAERT Jeroen Antoine LievenDirector · since 05-01-2022
- BUSSCHAERT Jeroen Antoine Lieven100 sharesdeed of 07-01-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €130,187
- ▲ 9.2%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €99,987
- ▲ 9.1%
- Equity
- €5,000
- ▼ 98.0%
- Total assets
- €316,669
- ▲ 2.5%
Score breakdownraises riskEquity €5,000 (1.6% of total assets)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €316,669Liquidity: current ratio 0.88, cash €271,183Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 10% of them on solvency, 33% on liquidity, 84% on profitability and 4% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 45 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 14-04-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 1% higher than in 2024 and the highest since 2022. It is the third rise 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.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €499 | €5,698 | €45,296 | €6,583 |
| Financial fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | €70 | €1,213 | €1,826 | €11,227 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70 | €1,213 | €1,826 | €11,227 | ▲ 515% |
| Other operating charges640/8 | €342 | €64 | €210 | €615 | ▲ 193% |
| Gross operating margin9900 | €88,476 | €114,559 | €119,186 | €130,187 | ▲ 9.2% |
| Operating profit (loss)9901 | €88,064 | €113,283 | €117,151 | €118,345 | ▲ 1.0% |
| Financial income75/76B | - | €0 | €0 | €9,318 | - |
| Recurring financial income75 | - | €0 | €0 | €9,318 | - |
| Financial charges65/66B | €54 | €45 | €362 | €218 | ▼ 39.9% |
| Recurring financial charges65 | €54 | €45 | €362 | €218 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €88,011 | €113,238 | €116,789 | €127,445 | ▲ 9.1% |
| Income taxes67/77 | €18,127 | €23,935 | €25,139 | €27,458 | ▲ 9.2% |
| Profit (loss) for the period9904 | €69,884 | €89,302 | €91,649 | €99,987 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €69,884 | €89,302 | €91,649 | €99,987 | ▲ 9.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €99,781 | €195,254 | €308,828 | €316,669 | ▲ 2.5% |
| Fixed assets21/28 | €429 | €4,915 | €48,385 | €43,741 | ▼ 9.6% |
| Tangible fixed assets22/27 | €429 | €4,915 | €48,385 | €43,741 | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | - | €1,978 | - |
| Furniture and vehicles24 | €429 | €4,915 | €48,385 | €41,762 | ▼ 13.7% |
| Current assets29/58 | €99,352 | €190,340 | €260,443 | €272,928 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €12,580 | €13,386 | €17,323 | €1,444 | ▼ 91.7% |
| Trade receivables40 | €12,100 | €13,386 | €17,048 | €1,000 | ▼ 94.1% |
| Other amounts receivable41 | €480 | €0 | €275 | €443 | ▲ 61.3% |
| Cash at bank and in hand54/58 | €86,772 | €176,953 | €242,796 | €271,183 | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | - | €323 | €302 | ▼ 6.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €99,781 | €195,254 | €308,828 | €316,669 | ▲ 2.5% |
| Equity10/15 | €74,884 | €164,186 | €255,835 | €5,000 | ▼ 98.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €69,884 | €159,186 | €250,835 | €0 | ▼ 100% |
| Distributable reserves133 | €69,884 | €159,186 | €250,835 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €24,897 | €31,068 | €52,992 | €311,669 | ▲ 488% |
| Amounts payable within one year42/48 | €24,897 | €31,068 | €52,992 | €311,669 | ▲ 488% |
| Trade debts44 | €649 | €174 | €556 | €2,054 | ▲ 270% |
| Suppliers440/4 | €649 | €174 | €556 | €2,054 | ▲ 270% |
| Taxes, remuneration and social security45 | €24,248 | €30,705 | €52,437 | €16,417 | ▼ 68.7% |
| Taxes450/3 | €24,248 | €30,705 | €52,367 | €16,177 | ▼ 69.1% |
| Remuneration and social security454/9 | - | - | €70 | €240 | ▲ 241% |
| Other amounts payable47/48 | - | €189 | €0 | €293,197 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,884 | €89,302 | €91,649 | €99,987 | ▲ 9.1% |
| + Depreciation and write-downs630 | €70 | €1,213 | €1,826 | €11,227 | ▲ 515% |
| Operating cash flow (approximation) | €69,953 | €90,515 | €93,475 | €111,214 | ▲ 19.0% |
| Investment in fixed assets (approximation) | - | -€5,698 | -€45,296 | -€6,583 | ▲ 85.5% |
| Change in cash | - | €90,181 | €65,843 | €28,386 | ▼ 56.9% |
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, 2,157 companies had the same profile as MALECOM has now. Two years later, 94.1% were still going and 3.0% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MALECOM itself is lower: < 0.1% within 12 months. It rests on far more data about MALECOM than the profile alone.
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 2,157 companies, not a prediction for MALECOM. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- BUSSCHAERT Jeroen Antoine Lieven 100 shares (100%) · €5,000 in cash
Capital transactions
- 07-01-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Geheel van bevoegdheden toegekend met mogelijkheid deel te delegeren, iedere bestuurder alleen optredend mag alle handelingen stellen nodig…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 07-01-2022 (in Dutch)
Network & group
Connections & network
0 connected companies, 1 earlier tieThe connected companies are in the list below.
Timeline
Deeds, filings and financial milestones
07-01
Gazette deed
IncorporationFounding capital of €5,000, 100 shares · Founder: BUSSCHAERT Jeroen Antoine Lieven · Appointment: BUSSCHAERT Jeroen Antoine Lieven (director)6 points ▸
- Incorporation, 05-01-2022
- Founder, BUSSCHAERT Jeroen Antoine Lieven
- Founding capital, €5,000, 100 shares
- Registered office clause, Stratem 77, 9880 Aalter
- Board rule, 1
- Director appointment, BUSSCHAERT Jeroen Antoine Lieven
- The deed holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
18 activities
- Management en consultancy in de afvalsector,op het vlak van ophaling,sortering,preventie,innovatie,ontwikkeling en verwerking
- Management en consultancy op het vlak van verkopen en verzorgen van diensten met betrekking tot groenafvalrecyclage en techniek
- Management en consultancy op het vlak van milieutechniek,bodemsaneringen,waterzuivering en cleaningsactiviteiten
- Onderzoek en ontwikkeling in de brede cleaning- en recycling sector
- Management en consultancy van logistieke processen
- Adviesbureau op het gebied van milieu,energie,veiligheid,circulaire economie en duurzame processen
- Het verlenen van bijstand,advies,commerciële ondersteuning en leiding aan bedrijven,prive-personen en instellingen
- Uitvoeren van afbraak,grond- en landbouwwerken,de aanneming en de uitvoering ervan,zowel voor de openbare als voor de private sector
- Het verlenen van horecadiensten in de meest ruime zin van het woord
- De aan- en verkoop,evenals de in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen
- Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen,het management en het bestuur van om het even welke onderneming en vennootschap alsook het optreden als vereffenaar
- Het verwerven van aandelen en participaties in vennootschappen van welke aard van ook
- De vennootschap kan leningen,van gelijk welke vorm,bedrag en duur toestaan;kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden zekerheden stellen,onder meer door haar goederen,met inbegrip van haar eigen handelszaak,in hypotheek of in pand geven
- Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering
- Het nemen van belangen bij middel van inbreng,fusie,opslorping,inschrijving op aandelen,deelneming of op gelijk welke andere wijze in alle ondernemingen,verenigingen of vennootschappen,Belgische of buitenlandse;mag aldus alle overeenkomsten afsluiten strekkende tot rationalisering,samenwerking of associatie of andere
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals huurfinanciering aan derden,aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten;aan- en verkoop,huur en verhuur van roerende goederen en alle handelingen daarmee verband houdend en bevorderend voor opbrengst,alsmede borgstelling voor verbintenissen van derden met genot van goederen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals verwerven door inschrijving of aankoop en beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen
- Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant zijn of de verwezenlijking ervan kunnen bevorderen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44503E0188/00Y000 | Flanders | 531 m² | 1 · 210 m² | 17.3 m · 2 |