MALEGI

Active

Private limited companyfounded 20188 yrs activeNeerhofstraat 63, 8870 Izegem, BelgiumKBO/BCE: BE 0698.889.255

The computed 12-month bankruptcy probability of MALEGI is 3.1% (moderate). The 2024 annual accounts show equity of €147k and a net result of €59k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 18942 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+4

Solvency100▲+11

Growth78=

Track record100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 4.11 against 2.56 in 2023; short-term debt: 23.6% and cash: 81.2% of total assets), and 25.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

8 d late

2023

21 d late

2022

28 d early

2021

31 d late

2020

4 d early

2019

7 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€147k▲ 62.9%

2023 · €90k

2019: €31k 2020: €43k 2021: €61k 2022: €62k 2023: €90k

2019 → 2024

Total assets

€197k▲ 39.1%

2023 · €142k

2019: €42k 2020: €46k 2021: €73k 2022: €79k 2023: €142k

2019 → 2024

Net result

€59k▲ 86.2%

2023 · €31k

2019: €27k 2020: €13k 2021: €20k 2022: €851 2023: €31k

2019 → 2024

Working capital

€145k▲ 81.1%

2023 · €80k

2019: €24k 2020: €39k 2021: €61k 2022: €54k 2023: €80k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€43k-€61k▲ 43.2%€62k▲ 1.4%€90k▲ 45.1%€147k▲ 62.9%

Operating result€13k-€23k▲ 69.5%€2k▼ 90.6%€44k▲ 1,981%€86k▲ 94.4%

Net result€13k-€20k▲ 52.9%€851▼ 95.8%€31k▲ 3,596%€59k▲ 86.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 94% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €197k

97.1%

Fixed assets €6k▼ 45.2%

Current assets €192k▲ 45.9%

Equity and liabilities €197k

74.7%

25.3%

Equity €147k▲ 62.9%

Debt €50k▼ 2.7%

The debt ratio falls from 36.2% to 25.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€89k▲

2023 · €47k

Cash flow

€62k▲

2023 · €34k

Solvency

74.7%▲

2023 · 63.8%

Current ratio

4.11▲

2023 · 2.56

Quick ratio

4.00▲

2023 · 2.46

Debt / equity

0.34▼

2023 · 0.57

ROE

39.8%▲

2023 · 34.8%

ROA

29.7%▲

2023 · 22.2%

Interest coverage

28.46▲

2023 · 26.42

Debt

€50k▼

2023 · €51k

Debt ≤ 1 year

€47k▼

2023 · €51k

Income taxes

€24k▲

2023 · €11k

Staff costs

€208k▲

2023 · €143k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€142k€197k▲

Fixed assets21/28€10k€6k▼

Tangible fixed assets22/27€10k€6k▼

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€7k€4k▼

Current assets29/58€131k€192k▲

Stocks and contracts in progress3€5k€5k=

Stocks30/36€5k€5k=

Amounts receivable within one year40/41€13k€22k▲

Trade receivables40€4k€12k▲

Other amounts receivable41€9k€10k▲

Cash at bank and in hand54/58€112k€160k▲

Deferred charges and accrued income490/1€1k€5k▲

Equity and liabilities

Total equity and liabilities10/49€142k€197k▲

Equity10/15€90k€147k▲

Contributions10/11€6k€6k=

Reserves13€84k€141k▲

Distributable reserves133€84k€141k▲

Amounts payable17/49€51k€50k▼

Amounts payable within one year42/48€51k€47k▼

Trade debts44€20k€28k▲

Suppliers440/4€20k€28k▲

Taxes, remuneration and social security45€28k€17k▼

Taxes450/3€16k€13k▼

Remuneration and social security454/9€12k€4k▼

Other amounts payable47/48€3k€2k▼

Accrued charges and deferred income492/3€115€3k▲

Income statement Code20232024

Non-recurring operating income76A€1k€8k▲

Remuneration, social security and pensions62€143k€208k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€3k€2k▼

Gross operating margin9900€192k€300k▲

Operating profit (loss)9901€44k€86k▲

Financial income75/76B€10€0▼

Recurring financial income75€10€0▼

Financial charges65/66B€2k€3k▲

Recurring financial charges65€2k€3k▲

Profit (loss) for the period before taxes9903€42k€83k▲

Income taxes67/77€11k€24k▲

Profit (loss) for the period9904€31k€59k▲

Profit (loss) for the period to be appropriated9905€31k€59k▲

Appropriation of the result

Profit (loss) to be appropriated9906€31k€59k▲

Transfer to equity691/2€28k€57k▲

To other reserves6921€28k€57k▲

Profit to be distributed694/7€3k€2k▼

Return on contributions (dividend)694€2k€2k▲

Directors or managers695€2k-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

08-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 8 days late

2024

31-12

Financial Highest result since 2019net €59k ▲86.2%

Operating result €86k, net result €59k, both a record.

31-12

Financial Equity above €100kEq €147k ▲62.9%

6 profitable years in a row build equity to €147k.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €851 ▼95.8%

Net result drops to €851, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Liquidity quadruplescurrent ratio 13.46

Current ratio from 3.16 to 13.46; short-term debt falls from €11k to €3k.

24-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Izegem · 3 establishment units since 2018

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Neerhofstraat 638870 Izegem

Ground area

2.5 ha

Building footprint

6,551 m²

Volume, LiDAR

46,341 m³

4 parcels, Flanders · tallest building 18.4 m, ±3 floors. Linked by address, not a title deed.

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4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36494D1192/00C002	Flanders	2.0 ha	1 · 3,045 m²	16.0 m · 3 fl.
36007A0996/00M002	Flanders	2,686 m²	1 · 1,075 m²	13.7 m · 3 fl.
36494D1184/00W000	Flanders	1,972 m²	1 · 2,332 m²	18.4 m · 2 fl.
36493B0454/00K002	Flanders	321 m²	1 · 99 m²	10.7 m · 3 fl.