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MALECON

Active
Public limited companyfounded 2003active for 23 yearsZeedijk 26, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0859.605.981
Summary

MALECON has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €1.3m. Equity is shrinking by about 8.9% per year across the filed financial years. Its solvency ranks better than 70% of 11,063 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€2.5mtotal assets 2025
Equity
€1.4m
Profit
€1.3m
Turnover not published (abbreviated format)
Financial health
99 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
MANCA · 100%
Accounts 15 days early0 of 7 deeds read
Why 99lowers riskLiquidity: current ratio 2.17, cash €1.7m, halvedSize: total assets €2.5mEquity €1.4m (57.2% of total assets)Founded in 2003Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 92% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Strong
Solvency 82+55
equity 57.2% of total assets
Liquidity 80+30
short-term debt 42.6% · cash 67.1%
Profitability 100+63
return on assets 50.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,969 companies, NACE 68, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: 0.1%▲ +0.1 percentage points vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025highest value 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.17, compared with 1.0 in 2024; short-term debt: 42.6% and cash: 67.1% of total assets), and 42.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 73% on solvency, 96% on liquidity, 99% on profitability and 99% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 2.17, cash €1.7m, halved
NBB · annual accounts
lowers risk · Size: total assets €2.5m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €1.4m (57.2% of total assets)
NBB · annual accounts
lowers risk · Founded in 2003
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €1.4m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
106 days early
2023
63 days early
2022
1 day late
2021
125 days early
2020
124 days early
2019
93 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 75 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 November (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2019 to 2025net €1.3m ▲3,669%
  3. Liquidity more than doublescurrent ratio 2.17

Key points

  • Positive: Result rose in 2025from €33,274 to €1.3m ▲ 3,669% View
  • Positive: Among the best 5% on net resultsector median €10,146 · 11,052 companies €1.3m View
  • Controlled by MANCA 100% View

By topic

Financials

Financial year
2025
Total assets
€2.5m
Profit
€1.3m
Solvency
57.2%
Total assets▼ 72.3%
Net result
20192025
Go to Financials

Timeline

Events
27
Since
2006
Next accounts
by 31-01-2027
  1. 30-06-2025Equity above €1m
  2. 17-10-2024Annual accounts filed
  3. 30-06-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
09-07-2003
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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