MALI
ActiveMALI has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €-138k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+7
Solvency31▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.28 in 2024; short-term debt: 58% and cash: 3.2% of total assets), and 93.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · 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
1819202122232425
2018 to 2025 · latest year €-138k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4501 sector peers (2025).
NBB · sector comparisonPosition among 4501 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
8 d late
2023
26 d late
2022
11 d early
2021
2 d early
2020
31 d late
2019
36 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-138k▲ 34.8%
2024 · €-212k
2018: €-39k
2019: €-86k
2020: €731k
2021: €2k
2022: €-46k
2023: €-164k
2024: €-212k
2018 → 2025
Working capital
€-1.18M▼ 38.2%
2024 · €-856k
2018: €-100k
2019: €-439k
2020: €175k
2021: €-363k
2022: €-734k
2023: €-679k
2024: €-856k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€739k-€693k▼ 6.3%€529k▼ 23.7%€316k▼ 40.1%€178k▼ 43.7%
Operating result€4k-€-9k€-138k▼ 1,483%€-198k▼ 43.8%€-95k▲ 52.1%
Net result€2k-€-46k€-164k▼ 253%€-212k▼ 29.3%€-138k▲ 34.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95k in 2025 against €198k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.83M
Fixed assets
€2.37M▲ 26.8%
Current assets
€455k▲ 39.9%
Equity and liabilities €2.83M
Equity
€178k▼ 43.7%
Provisions
€184k▼ 4.2%
Debt
€2.46M▲ 46.1%
The debt ratio rises from 76.8% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▲
2024 · €-123k
Cash flow
€-32k▲
2024 · €-137k
Solvency
6.3%▼
2024 · 14.4%
Current ratio
0.28▲
2024 · 0.28
Quick ratio
0.11▲
2024 · 0.04
Debt / equity
13.83▲
2024 · 5.33
ROE
-77.6%▼
2024 · -67.1%
ROA
-4.9%▲
2024 · -9.7%
Interest coverage
0.21▲
2024 · -5.48
Debt
€2.46M▲
2024 · €1.69M
Debt ≤ 1 year
€1.64M▲
2024 · €1.18M
Debt > 1 year
€826k▲
2024 · €505k
Income taxes
€8▲
2024 · €0
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€2.20M€2.83M▲
Fixed assets21/28€1.87M€2.37M▲
Tangible fixed assets22/27€1.87M€2.37M▲
Land and buildings22€1.86M€2.36M▲
Plant, machinery and equipment23€11k€8k▼
Current assets29/58€325k€455k▲
Stocks and contracts in progress3€275k€275k=
Stocks30/36€275k€275k=
Amounts receivable within one year40/41€42k€52k▲
Trade receivables40€40k€50k▲
Other amounts receivable41€3k€2k▼
Current investments50/53€1k€0▼
Cash at bank and in hand54/58€883€92k▲
Deferred charges and accrued income490/1€6k€37k▲
Equity and liabilities
Total equity and liabilities10/49€2.20M€2.83M▲
Equity10/15€316k€178k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€627k€603k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€577k€553k▼
Distributable reserves133€44k€44k=
Profit (loss) carried forward14€-373k€-487k▼
Provisions and deferred taxes16€192k€184k▼
Deferred taxes168€192k€184k▼
Amounts payable17/49€1.69M€2.46M▲
Amounts payable after more than one year17€505k€826k▲
Financial debts170/4€505k€826k▲
Amounts payable within one year42/48€1.18M€1.64M▲
Current portion of amounts payable after more than one year42€32k€34k▲
Trade debts44€310k€443k▲
Suppliers440/4€310k€443k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€839k€1.16M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€106k▲
Other operating charges640/8€7k€12k▲
Gross operating margin9900€-116k€23k▲
Operating profit (loss)9901€-198k€-95k▲
Financial income75/76B€39€386▲
Recurring financial income75€39€386▲
Financial charges65/66B€22k€52k▲
Recurring financial charges65€22k€52k▲
Profit (loss) for the period before taxes9903€-220k€-146k▲
Transfer from deferred taxes780€8k€8k=
Income taxes67/77€0€8▲
Profit (loss) for the period9904€-212k€-138k▲
Transfer from tax-exempt reserves789€24k€24k=
Profit (loss) for the period to be appropriated9905€-188k€-114k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-373k€-487k▼
Profit (loss) brought forward from the previous period14P€-185k€-373k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet €-212k
Net result drops to €-212k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €731k
Net result €731k after 2 loss-making years.
31-12
Financial
Liquidity times 10current ratio 1.23
Current ratio from 0.12 to 1.23.
31-12
Financial
Equity above €500kEq €737k ▲13209%
Equity rises from €6k to €737k.
05-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 36 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 1998
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.
Miraeusstraat 472018 AntwerpenGround area
1,185 m²
Building footprint
153 m²
Volume, LiDAR
1,596 m³
2 parcels, Flanders · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kloosterstraat 22, 2660 Antwerpen
since 19982.085.346.580
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1701/00Z000 | Flanders | 723 m² | 1 · 90 m² | 18.7 m · 4 fl. |
| 11383B0488/00S000 | Flanders | 462 m² | 1 · 62 m² | 7.5 m · 2 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
CLASSIC PERFORMANCE MOTORS
BE 0819.140.947
Genk · Eq €179k
IMMO LORCY
BE 0808.805.301
Bastogne · Eq €178k
DOMAINE SAINT ROCH
BE 0898.154.672
Couvin · Eq €178k
HERMAN - LEPLA
BE 0412.851.497
Menen · Eq €179k
MANO GIUSTI
BE 0434.061.538
Nandrin · Eq €179k
Of 12,012 companies in sector 68203 we hold annual accounts for 5,979. 4,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1998
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.