Malghem Consulting

Active

Private limited companyfounded 20233 yrs activeSquare de la Philharmonique 9, 7800 Ath, BelgiumKBO/BCE: BE 0801.146.358

Malghem Consulting has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €5k. Its solvency ranks better than 17% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

48 / 100

Fair▲ +5 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency15▲+6

Growth52

Stability94

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.61 against 0.29 in 2023), and 80.7% 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

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

−lowers risk+raises risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

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

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 2024

Solvency, return and age of the figures

Solvency

19.3%

Return on assets

4.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 20787 sector peers (2024).

NBB · sector comparison

Position among 20787 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

56 d late

2023

16 d late

← 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

€19k▲ 30.6%

2023 · €15k

2023: €15k

2023 → 2024

Total assets

€101k▼ 6.3%

2023 · €108k

2023: €108k

2023 → 2024

Net result

€5k▼ 69.2%

2023 · €15k

2023: €15k

2023 → 2024

Working capital

€-13k▲ 80.2%

2023 · €-66k

2023: €-66k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€15k-€19k▲ 30.6%

Operating result€19k-€5k▼ 72.8%

Net result€15k-€5k▼ 69.2%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 73% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €101k

79.8%

20.2%

Fixed assets €80k▼ 0.5%

Current assets €20k▼ 22.8%

Equity and liabilities €101k

19.3%

80.7%

Equity €19k▲ 30.6%

Debt €81k▼ 12.2%

The debt ratio falls from 86.2% to 80.7%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▼

2023 · €20k

Cash flow

€5k▼

2023 · €16k

Solvency

19.3%▲

2023 · 13.8%

Current ratio

0.61▲

2023 · 0.29

Quick ratio

0.61▲

2023 · 0.29

Debt / equity

4.19▼

2023 · 6.23

ROE

23.4%▼

2023 · 99.3%

ROA

4.5%▼

2023 · 13.7%

Interest coverage

49.69▼

2023 · 136.86

Debt

€81k▼

2023 · €93k

Debt ≤ 1 year

€33k▼

2023 · €92k

Debt > 1 year

€48k

Income taxes

€2k▼

2023 · €4k

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€108k€101k▼

Formation expenses20€330-

Fixed assets21/28€81k€80k▼

Tangible fixed assets22/27€866€492▼

Furniture and vehicles24€866€492▼

Financial fixed assets28€80k€80k=

Current assets29/58€26k€20k▼

Amounts receivable within one year40/41€18k€20k▲

Trade receivables40-€288

Other amounts receivable41€18k€20k▲

Cash at bank and in hand54/58€8k€0▼

Equity and liabilities

Total equity and liabilities10/49€108k€101k▼

Equity10/15€15k€19k▲

Contributions10/11€100€100=

Profit (loss) carried forward14€15k€19k▲

Amounts payable17/49€93k€81k▼

Amounts payable after more than one year17-€48k

Financial debts170/4-€48k

Amounts payable within one year42/48€92k€33k▼

Current portion of amounts payable after more than one year42€80k€16k▼

Financial debts43-€3k

Credit institutions430/8-€3k

Trade debts44€1k-

Suppliers440/4€1k-

Taxes, remuneration and social security45€11k€14k▲

Taxes450/3€11k€14k▲

Accrued charges and deferred income492/3€250-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€977€704▼

Other operating charges640/8€351€64▼

Gross operating margin9900€20k€6k▼

Operating profit (loss)9901€19k€5k▼

Financial income75/76B-€1k

Recurring financial income75-€1k

Financial charges65/66B€144€117▼

Recurring financial charges65€144€117▼

Profit (loss) for the period before taxes9903€19k€6k▼

Income taxes67/77€4k€2k▼

Profit (loss) for the period9904€15k€5k▼

Profit (loss) for the period to be appropriated9905€15k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€15k€19k▲

Profit (loss) brought forward from the previous period14P-€15k

The notes to these accounts (6 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 2Filings 2

2025

25-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 56 days late

2024

16-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 16 days late

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

20-11-2025 Resigned as Director

Location & real-estate footprint

Registered office, Ath · 1 establishment unit since 2023

establishment The establishment unit 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.

Square de la Philharmonique 97800 Ath

Ground area

916 m²

Building footprint

229 m²

Parcel 51004B0299/00V000, Wallonia. Linked by address, not a title deed.