MALENGREAUX DECOR
ActiveMALENGREAUX DECOR has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €-31k. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 27% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+9
Solvency37▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 5.46 against 4.49 in 2024; short-term debt: 18.3% and cash: 6.7% of total assets), but 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
12.1%
Return on assets
-7.5%
Age of the figures
13 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-31k
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 31-03-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
2 d early
2022
1 d early
2021
1 d early
2020
34 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close21-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 38.4%
2024 · €81k
2019: €-57k
2020: €140k
2021: €123k
2022: €135k
2023: €107k
2024: €81k
2019 → 2025
Total assets
€412k▲ 4.9%
2024 · €392k
2019: €407k
2020: €400k
2021: €341k
2022: €358k
2023: €377k
2024: €392k
2019 → 2025
Net result
€-31k▼ 19.7%
2024 · €-26k
2019: €-19k
2020: €-13k
2021: €-17k
2022: €12k
2023: €-28k
2024: €-26k
2019 → 2025
Working capital
€336k▲ 10.3%
2024 · €305k
2019: €342k
2020: €347k
2021: €322k
2022: €330k
2023: €310k
2024: €305k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€135k▲ 9.8%€107k▼ 20.6%€81k▼ 24.3%€50k▼ 38.4%
Operating result€-27k-€17k€-21k€-17k▲ 16.9%€-23k▼ 30.8%
Net result€-17k-€12k€-28k€-26k▲ 6.6%€-31k▼ 19.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €17k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €412k
Fixed assets
€134=
Current assets
€411k▲ 4.9%
Equity and liabilities €412k
Equity
€50k▼ 38.4%
Debt
€362k▲ 16.2%
The debt ratio rises from 79.4% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
12.1%▼
2024 · 20.6%
Current ratio
5.46▲
2024 · 4.49
Quick ratio
1.45▲
2024 · 0.99
Debt / equity
7.25▲
2024 · 3.84
ROE
-62.3%▼
2024 · -32.1%
ROA
-7.5%▼
2024 · -6.6%
Debt
€362k▲
2024 · €311k
Debt ≤ 1 year
€75k▼
2024 · €87k
Debt > 1 year
€286k▲
2024 · €224k
Staff costs
€5k▼
2024 · €6k
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€392k€412k▲
Fixed assets21/28€134€134=
Financial fixed assets28€134€134=
Current assets29/58€392k€411k▲
Stocks and contracts in progress3€305k€302k▼
Stocks30/36€305k€302k▼
Amounts receivable within one year40/41€39k€48k▲
Trade receivables40€39k€40k▲
Other amounts receivable41€122€8k▲
Cash at bank and in hand54/58€46k€28k▼
Deferred charges and accrued income490/1€2k€33k▲
Equity and liabilities
Total equity and liabilities10/49€392k€412k▲
Equity10/15€81k€50k▼
Contributions10/11€247k€247k=
Capital10€247k€247k=
Issued capital100€247k€247k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-172k€-203k▼
Amounts payable17/49€311k€362k▲
Amounts payable after more than one year17€224k€286k▲
Financial debts170/4€224k€286k▲
Amounts payable within one year42/48€87k€75k▼
Trade debts44€43k€53k▲
Suppliers440/4€43k€53k▲
Taxes, remuneration and social security45€9k€22k▲
Taxes450/3€8k€21k▲
Remuneration and social security454/9€900€1k▲
Other amounts payable47/48€35k-
Income statement
Code20242025
Remuneration, social security and pensions62€6k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-10k€-16k▼
Operating profit (loss)9901€-17k€-23k▼
Financial income75/76B€9€1▼
Recurring financial income75€9€1▼
Non-recurring financial income76B€9€1▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€7k€6k▼
Non-recurring financial charges66B€2k€2k▲
Profit (loss) for the period before taxes9903€-26k€-31k▼
Income taxes67/77€67-
Profit (loss) for the period9904€-26k€-31k▼
Profit (loss) for the period to be appropriated9905€-26k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-172k€-203k▼
Profit (loss) brought forward from the previous period14P€-146k€-172k▼
The notes to these accounts (5 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Liquidity doublescurrent ratio 18.70
Current ratio from 7.86 to 18.70; short-term debt falls from €51k to €18k.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Equity above €100kEq €140k
Equity rises from €-57k to €140k.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Blankenberge · 2 establishment units since 2004
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.
Zeedijk 898370 BlankenbergeGround area
989 m²
Building footprint
1,099 m²
Volume, LiDAR
23,117 m³
Parcel 31004A0405/00F003, Flanders · tallest building 34.3 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Malengreaux Decor
since 20042.172.490.291
MANOUCHE
since 20232.348.840.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0405/00F003 | Flanders | 989 m² | 1 · 1,099 m² | 34.3 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ELHE GLOBE
BE 0795.240.345
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WE ARE KAMELOT
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Hulshout · Eq €50k
Fitness Installations
BE 0761.711.603
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MOBICOM
BE 0864.769.351
Kortrijk · Eq €51k
Sonron
BE 0766.444.114
Brecht · Eq €52k
Of 1,745 companies in sector 46150 we hold annual accounts for 757. 577 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-05-2004
Fiscal year end31-08
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
47530Retail trade
51150
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
47791Retail sale of antiques
51471
52441
52442
52486
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.