MALEMPRE
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 31-10-2025 PDF all 36 filings
Turnover
≈ €300,000
Estimated: probably between €200,000 and €460,000
EBIT margin
Not included in this filing
Net result
€56,401▲ 14.7%
2023 · €49,183
Working capital
€526,662▲ 8.1%
2023 · €486,990
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€60,078
▲ 0.3%
2024
20182024
Net result
€56,401
▲ 14.7%
2024
20182024
Equity
€840,932
▲ 2.0%
2024
20182024
Total assets
€883,215
▲ 1.1%
2024
20182024
Debt
€42,283
▼ 13.6%
2024
20182024
Working capital
€526,662
▲ 8.1%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€220,582-€169,087▼ 23.3%€79,518▼ 53.0%€30,427▼ 61.7%-€45,440€59,914€60,078▲ 0.3%
Net result€176,784-€109,074▼ 38.3%€37,833▼ 65.3%€8,963▼ 76.3%-€46,002€49,183€56,401▲ 14.7%
Equity€851,482-€920,556▲ 8.1%€952,389▲ 3.5%€961,351▲ 0.9%€860,349▼ 10.5%€824,531▼ 4.2%€840,932▲ 2.0%
Total assets€911,091-€971,473▲ 6.6%€961,104▼ 1.1%€969,784▲ 0.9%€889,376▼ 8.3%€873,475▼ 1.8%€883,215▲ 1.1%
Debt€59,609-€50,917▼ 14.6%€8,715▼ 82.9%€8,433▼ 3.2%€29,027▲ 244%€48,944▲ 68.6%€42,283▼ 13.6%
Working capital€568,843-€664,798▲ 16.9%€666,026▲ 0.2%€657,793▼ 1.2%€507,619▼ 22.8%€486,990▼ 4.1%€526,662▲ 8.1%
The operating result for 2024 is 0% higher than in 2023. It is the second rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €883,215
Fixed assets
€314,270 ▼ 6.9%
Current assets
€568,945 ▲ 6.2%
Equity and liabilities €883,215
Equity
€840,932 ▲ 2.0%
Debt
€42,283 ▼ 13.6%
Debt's share of the balance-sheet total falls from 5.6% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,896▼
2023 · €124,580
Cash flow
€111,219▼
2023 · €113,849
Current ratio
13.46▲
2023 · 10.95
Debt to equity
0.05▼
2023 · 0.06
ROE
6.7%▲
2023 · 6.0%
ROA
6.4%▲
2023 · 5.6%
Interest coverage
43.99▼
2023 · over 100
Debt ≤ 1 year
€42,283▼
2023 · €48,944
Income taxes
€1,186▼
2023 · €10,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €74,161 | €112,712 | €60,197 | €50,802 |
| Depreciation and write-downs of the year | €55,387 | €63,540 | €64,666 | €54,818 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,420 | - | €4,280 | €13,368 | ▲ 212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,766 | €45,686 | €51,929 | €55,387 | €63,540 | €64,666 | €54,818 | ▼ 15.2% |
| Other operating charges640/8 | - | - | - | €681 | €1,723 | €2,449 | €5,013 | ▲ 105% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €84 | - |
| Gross operating margin9900 | €265,523 | €215,005 | €132,786 | €86,495 | €19,823 | €127,029 | €119,993 | ▼ 5.5% |
| Operating profit (loss)9901 | €220,582 | €169,087 | €79,518 | €30,427 | -€45,440 | €59,914 | €60,078 | ▲ 0.3% |
| Financial income75/76B | - | - | - | - | €44 | - | €121 | - |
| Recurring financial income75 | €8 | €1 | - | - | €44 | - | €121 | - |
| Financial charges65/66B | - | - | - | €852 | €606 | €731 | €2,612 | ▲ 257% |
| Recurring financial charges65 | €671 | €699 | €742 | €852 | €606 | €731 | €2,612 | ▲ 257% |
| Profit (loss) for the period before taxes9903 | €219,919 | €168,389 | €78,776 | €29,575 | -€46,002 | €59,183 | €57,587 | ▼ 2.7% |
| Income taxes67/77 | €43,135 | €59,315 | €40,943 | €20,612 | - | €10,000 | €1,186 | ▼ 88.1% |
| Profit (loss) for the period9904 | €176,784 | €109,074 | €37,833 | €8,963 | -€46,002 | €49,183 | €56,401 | ▲ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €176,784 | €109,074 | €37,833 | €8,963 | -€46,002 | €49,183 | €56,401 | ▲ 14.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €911,091 | €971,473 | €961,104 | €969,784 | €889,376 | €873,475 | €883,215 | ▲ 1.1% |
| Fixed assets21/28 | €282,639 | €257,432 | €286,363 | €303,558 | €352,730 | €337,541 | €314,270 | ▼ 6.9% |
| Tangible fixed assets22/27 | €282,639 | €257,432 | €286,363 | €303,558 | €352,730 | €337,541 | €314,270 | ▼ 6.9% |
| Land and buildings22 | - | - | - | €59,188 | €58,739 | €58,291 | €57,843 | ▼ 0.8% |
| Plant, machinery and equipment23 | - | - | - | €212,616 | €197,355 | €169,615 | €137,999 | ▼ 18.6% |
| Furniture and vehicles24 | - | - | - | €31,754 | €96,636 | €46,942 | €52,902 | ▲ 12.7% |
| Other tangible fixed assets26 | - | - | - | - | - | €62,693 | €54,856 | ▼ 12.5% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €10,670 | - |
| Current assets29/58 | €628,452 | €714,041 | €674,741 | €666,226 | €536,646 | €535,934 | €568,945 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €106,282 | €125,025 | €113,722 | €76,070 | €75,506 | €117,597 | €121,239 | ▲ 3.1% |
| Trade receivables40 | - | - | - | €29,071 | €11,151 | €10,126 | €317 | ▼ 96.9% |
| Other amounts receivable41 | - | - | - | €46,999 | €64,355 | €107,471 | €120,922 | ▲ 12.5% |
| Current investments50/53 | - | - | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €522,170 | €587,829 | €561,019 | €587,131 | €456,654 | €416,198 | €345,386 | ▼ 17.0% |
| Deferred charges and accrued income490/1 | - | - | - | €3,025 | €4,486 | €2,139 | €2,320 | ▲ 8.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €911,091 | €971,473 | €961,104 | €969,784 | €889,376 | €873,475 | €883,215 | ▲ 1.1% |
| Equity10/15 | €851,482 | €920,556 | €952,389 | €961,351 | €860,349 | €824,531 | €840,932 | ▲ 2.0% |
| Contributions10/11 | €393,200 | €393,200 | €393,200 | €393,200 | €352,766 | €352,766 | €352,766 | = |
| Capital10 | - | - | - | €393,200 | - | - | - | - |
| Issued capital100 | - | - | - | €393,200 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €352,766 | €352,766 | - | - |
| Other1109/19 | - | - | - | - | €352,766 | €352,766 | - | - |
| Reserves13 | €148,788 | €213,788 | €238,788 | €238,787 | €224,221 | €184,221 | €184,221 | = |
| Non-distributable reserves130/1 | - | - | - | €14,566 | - | - | - | - |
| Legal reserve130 | - | - | - | €14,566 | - | - | - | - |
| Distributable reserves133 | - | - | - | €224,221 | €224,221 | €184,221 | €184,221 | = |
| Profit (loss) carried forward14 | €309,494 | €313,568 | €320,401 | €329,364 | €283,362 | €287,544 | €303,945 | ▲ 5.7% |
| Amounts payable17/49 | €59,609 | €50,917 | €8,715 | €8,433 | €29,027 | €48,944 | €42,283 | ▼ 13.6% |
| Amounts payable within one year42/48 | €59,609 | €49,243 | €8,715 | €8,433 | €29,027 | €48,944 | €42,283 | ▼ 13.6% |
| Trade debts44 | €33,365 | €4,747 | €7,115 | €7,408 | €25,534 | €1,944 | €283 | ▼ 85.4% |
| Suppliers440/4 | - | - | - | €7,408 | €25,534 | €1,944 | €283 | ▼ 85.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,025 | - | €2,000 | €42,000 | ▲ 21× |
| Taxes450/3 | - | - | - | €1,025 | - | €2,000 | €42,000 | ▲ 21× |
| Other amounts payable47/48 | - | - | - | - | €3,493 | €45,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €176,784 | €109,074 | €37,833 | €8,963 | -€46,002 | €49,183 | €56,401 | ▲ 14.7% |
| + Depreciation and write-downs630 | €44,766 | €45,686 | €51,929 | €55,387 | €63,540 | €64,666 | €54,818 | ▼ 15.2% |
| Operating cash flow (approximation) | €221,550 | €154,760 | €89,762 | €64,350 | €17,538 | €113,849 | €111,219 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€20,479 | -€80,860 | -€72,582 | -€112,712 | -€49,477 | -€31,547 | ▲ 36.2% |
| Change in cash | - | €65,659 | -€26,810 | €26,112 | -€130,477 | -€40,456 | -€70,812 | ▼ 75.0% |
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, 20,136 companies had the same profile as MALEMPRE has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of MALEMPRE itself: 0.3% 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 20,136 companies, not a prediction for MALEMPRE. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-10-2025 | 2025-00561696 | |
| 31-12-2023 | micro format | 30-10-2024 | 2024-00531830 | |
| 31-12-2022 | micro format | 28-11-2023 | 2023-00522664 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20450539 | |
| 31-12-2020 | micro format | 28-09-2021 | 2021-69000174 | |
| 31-12-2019 | micro format | 04-09-2020 | 2020-52600093 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-61500160 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-57900456 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-66100484 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-58100488 |