MALENA
ActiveMALENA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-45k) and a net result of €471. Equity is shrinking by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-56
Solvency53▲+9
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.39 against 0.98 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-20.4%
Return on assets
0.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 17964 sector peers (2025).
NBB · sector comparisonPosition among 17964 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 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 · 10 filingsDeviation from the deadline
2025
9 d late
2024
7 d late
2023
20 d early
2022
83 d early
2021
40 d early
2020
62 d late
2019
65 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-45k▲ 1.0%
2024 · €-45k
2018: €62k
2019: €72k
2020: €-5k
2021: €-2k
2022: €10k
2023: €-40k
2024: €-45k
2018 → 2025
Total assets
€220k▼ 14.2%
2024 · €256k
2018: €330k
2019: €418k
2020: €267k
2021: €182k
2022: €185k
2023: €278k
2024: €256k
2018 → 2025
Net result
€471
2024 · €-5k
2018: €5k
2019: €10k
2020: €-77k
2021: €4k
2022: €12k
2023: €-50k
2024: €-5k
2018 → 2025
Working capital
€36k
2024 · €-3k
2018: €-739
2019: €33k
2020: €-28k
2021: €91k
2022: €7k
2023: €-12k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€10k€-40k€-45k▼ 12.6%€-45k▲ 1.0%
Operating result€12k-€18k▲ 47.7%€-45k€5k€10k▲ 103%
Net result€4k-€12k▲ 237%€-50k€-5k▲ 90.0%€471
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 103% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€93k▼ 12.4%
Current assets
€126k▼ 15.4%
Key figures and ratios
EBITDA
€23k▲
2024 · €19k
Cash flow
€14k▲
2024 · €9k
Solvency
-20.4%▼
2024 · -17.7%
Current ratio
1.39▲
2024 · 0.98
Quick ratio
0.16▲
2024 · 0.05
Debt / equity
-5.91▲
2024 · -6.66
ROE
-1.1%▼
2024 · 11.2%
ROA
0.2%▲
2024 · -2.0%
Interest coverage
2.43▲
2024 · 1.89
Debt
€264k▼
2024 · €301k
Debt ≤ 1 year
€91k▼
2024 · €152k
Debt > 1 year
€174k▲
2024 · €149k
Staff costs
€24k▼
2024 · €34k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€256k€220k▼
Fixed assets21/28€106k€93k▼
Tangible fixed assets22/27€106k€93k▼
Land and buildings22€28k€23k▼
Plant, machinery and equipment23€77k€69k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€99€99=
Current assets29/58€149k€126k▼
Stocks and contracts in progress3€142k€112k▼
Stocks30/36€142k€112k▼
Amounts receivable within one year40/41€667€2k▲
Trade receivables40€667€2k▲
Cash at bank and in hand54/58€7k€12k▲
Deferred charges and accrued income490/1€152€155▲
Equity and liabilities
Total equity and liabilities10/49€256k€220k▼
Equity10/15€-45k€-45k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-64k€-63k▲
Amounts payable17/49€301k€264k▼
Amounts payable after more than one year17€149k€174k▲
Financial debts170/4€149k€174k▲
Amounts payable within one year42/48€152k€91k▼
Current portion of amounts payable after more than one year42€25k-
Financial debts43€64k€60k▼
Credit institutions430/8€64k€60k▼
Trade debts44€41k€16k▼
Suppliers440/4€41k€16k▼
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Other amounts payable47/48€12k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€34k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€56k€50k▼
Operating profit (loss)9901€5k€10k▲
Financial income75/76B€136€71▼
Recurring financial income75€136€71▼
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€-5k€471▲
Income taxes67/77€126-
Profit (loss) for the period9904€-5k€471▲
Profit (loss) for the period to be appropriated9905€-5k€471▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-63k▲
Profit (loss) brought forward from the previous period14P€-59k€-64k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
31-12
Financial
Back to profitnet €471
Net result €471 after 2 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €12k ▲237%
Net result €12k, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.18
Current ratio from 0.90 to 2.18; short-term debt falls from €272k to €77k.
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
2020
31-12
Financial
Weakest financial yearnet €-77k ▼864%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2002
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.
Mechelsestraat 383000 LeuvenGround area
201 m²
Building footprint
199 m²
Volume, LiDAR
1,666 m³
2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
JONAS
since 20022.095.918.491
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0572/00C000 | Flanders | 120 m² | 1 · 120 m² | 14.5 m · 3 fl. |
| 24062A0570/00B000 | Flanders | 81 m² | 1 · 79 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
GOUDENNAALD
BE 0456.056.584
Antwerpen · Eq €11k
FAUSTO'S
BE 0761.494.936
Roeselare · Eq €11k
Scapa Retail
BE 0411.987.506
Brasschaat · Eq €12k
IDEB3C
BE 0734.693.044
Brussel · Eq €12k
MBA CONCEPT
BE 0753.443.639
Vilvoorde · Eq €12k
Of 453 companies in sector 47712 we hold annual accounts for 265. 115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2002
Fiscal year end31-12
Activities, NACEBEL
47712Retail trade
52422
47120Other non-specialised retail sale
47721Retail sale of footwear
47722Retail trade
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.