MALHA RENOV
ActiveThe computed 12-month bankruptcy probability of MALHA RENOV is 2.9% (moderate). The 2024 annual accounts show equity of €7k and a net result of €2k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 21% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+26
Solvency44▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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 2024Solvency, return and age of the figures
Solvency
19%
Return on assets
5.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
89 d late
2022
119 d late
2021
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k
2023 · €-6k
2021: €-7k
2022: €7k
2023: €-6k
2021 → 2024
Working capital
€-23k▼ 126%
2023 · €-10k
2021: €-4k
2022: €6k
2023: €-10k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€11k▲ 195%€5k▼ 55.5%€7k▲ 36.8%
Operating result€-7k-€8k€-6k€5k
Net result€-7k-€7k€-6k€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€30k▲ 96.4%
Current assets
€7k▼ 91.0%
Equity and liabilities €36k
Equity
€7k▲ 36.8%
Debt
€29k▼ 64.4%
The debt ratio falls from 94.2% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2023 · €2k
Cash flow
€15k▲
2023 · €1k
Solvency
19.0%▲
2023 · 5.8%
Current ratio
0.22▼
2023 · 0.88
Quick ratio
0.22▼
2023 · 0.88
Debt / equity
4.26▼
2023 · 16.38
ROE
26.9%▲
2023 · -124.5%
ROA
5.1%▲
2023 · -7.2%
Interest coverage
53.28▲
2023 · 4.65
Debt
€29k▼
2023 · €83k
Debt ≤ 1 year
€29k▼
2023 · €83k
Income taxes
€3k
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€88k€36k▼
Fixed assets21/28€15k€30k▲
Tangible fixed assets22/27€15k€30k▲
Land and buildings22-€4k
Furniture and vehicles24€15k€26k▲
Current assets29/58€73k€7k▼
Amounts receivable within one year40/41€66k€4k▼
Trade receivables40€64k€4k▼
Other amounts receivable41€2k€24▼
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1€62€635▲
Equity and liabilities
Total equity and liabilities10/49€88k€36k▼
Equity10/15€5k€7k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-5k€-3k▲
Amounts payable17/49€83k€29k▼
Amounts payable within one year42/48€83k€29k▼
Current portion of amounts payable after more than one year42€10k-
Trade debts44€56k€22▼
Suppliers440/4€56k€22▼
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€16k€7k▼
Income statement
Code20232024
Non-recurring operating income76A-€120
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€6k€9k▲
Gross operating margin9900€7k€27k▲
Operating profit (loss)9901€-6k€5k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€354€333▼
Recurring financial charges65€354€333▼
Profit (loss) for the period before taxes9903€-6k€4k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-6k€2k▲
Profit (loss) for the period to be appropriated9905€-6k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P€1k€-5k▼
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 119 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 119 days late
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, Boussu · 1 establishment unit since 2020
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.
Place de l'Escouffiaux(H) 87301 BoussuGround area
707 m²
Building footprint
238 m²
Volume, LiDAR
314 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Malha renov
since 20202.299.975.809
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041C0518/00P003 | Wallonia | 492 m² | 1 · 200 m² | - |
| 53041C0518/00V002 | Wallonia | 215 m² | 1 · 37 m² | 9.3 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.
Similar companies · same sector, comparable size
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BE 0419.322.585
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Maximiliaan Verrelst
BE 1017.204.950
Lier · Eq €7k
HF BATI
BE 0696.903.626
Namur · Eq €7k
House Concept Cleaning
BE 0766.637.322
Sint-Genesius-Rode · Eq €7k
OOMS
BE 1030.903.033
Essen · Eq €7k
Of 1,364 companies in sector 43110 we hold annual accounts for 632. 239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.