Mali
ActiveThe computed 12-month bankruptcy probability of Mali is 1.7% (moderate). The 2025 annual accounts show equity of €143k and a net result of €55k. Equity is growing by ~53.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 10345 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+10
Solvency41▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.77 in 2024; short-term debt: 30.2% and cash: 10.1% of total assets), but 83.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.4%
Return on assets
6.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 3 filingsDeviation from the deadline
2025
25 d late
2024
12 d late
2023
28 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€143k▲ 61.8%
2024 · €88k
2023: €48k
2024: €88k
2023 → 2025
Total assets
€873k▼ 3.0%
2024 · €900k
2023: €917k
2024: €900k
2023 → 2025
Net result
€55k▲ 35.9%
2024 · €40k
2023: €-52k
2024: €40k
2023 → 2025
Working capital
€249k▲ 14.1%
2024 · €218k
2023: €30k
2024: €218k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€48k-€88k▲ 83.5%€143k▲ 61.8%
Operating result€-47k-€46k€65k▲ 40.5%
Net result€-52k-€40k€55k▲ 35.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €873k
Fixed assets
€360k▼ 9.6%
Current assets
€513k▲ 2.2%
Equity and liabilities €873k
Equity
€143k▲ 61.8%
Debt
€730k▼ 10.0%
The debt ratio falls from 90.2% to 83.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€103k▲
2024 · €84k
Cash flow
€93k▲
2024 · €78k
Solvency
16.4%▲
2024 · 9.8%
Current ratio
1.94▲
2024 · 1.77
Quick ratio
0.56▲
2024 · 0.47
Debt / equity
5.11▼
2024 · 9.20
ROE
38.2%▼
2024 · 45.5%
ROA
6.2%▲
2024 · 4.5%
Interest coverage
3.63▲
2024 · 2.74
Debt
€730k▼
2024 · €812k
Debt ≤ 1 year
€264k▼
2024 · €284k
Debt > 1 year
€464k▼
2024 · €528k
Income taxes
€6k▲
2024 · €216
Staff costs
€115k▲
2024 · €104k
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€900k€873k▼
Fixed assets21/28€399k€360k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€391k€356k▼
Plant, machinery and equipment23€14k€9k▼
Other tangible fixed assets26€377k€347k▼
Financial fixed assets28€450€450=
Current assets29/58€501k€513k▲
Stocks and contracts in progress3€369k€364k▼
Stocks30/36€369k€364k▼
Amounts receivable within one year40/41€11k€14k▲
Trade receivables40€4k€7k▲
Other amounts receivable41€8k€7k▼
Current investments50/53€38k€38k=
Cash at bank and in hand54/58€76k€88k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€900k€873k▼
Equity10/15€88k€143k▲
Contributions10/11€100k€100k=
Reserves13-€43k
Distributable reserves133-€43k
Profit (loss) carried forward14€-12k-
Amounts payable17/49€812k€730k▼
Amounts payable after more than one year17€528k€464k▼
Financial debts170/4€528k€464k▼
Amounts payable within one year42/48€284k€264k▼
Current portion of amounts payable after more than one year42€61k€64k▲
Trade debts44€47k€27k▼
Suppliers440/4€47k€27k▼
Advances received on contracts in progress46€577€8k▲
Taxes, remuneration and social security45€32k€40k▲
Taxes450/3€3k€19k▲
Remuneration and social security454/9€29k€21k▼
Other amounts payable47/48€143k€125k▼
Accrued charges and deferred income492/3€24€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€104k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k▲
Other operating charges640/8€528€1k▲
Gross operating margin9900€189k€219k▲
Operating profit (loss)9901€46k€65k▲
Financial income75/76B€25k€24k▼
Recurring financial income75€12k€13k▲
Non-recurring financial income76B€13k€10k▼
Financial charges65/66B€31k€28k▼
Recurring financial charges65€31k€28k▼
Profit (loss) for the period before taxes9903€40k€60k▲
Income taxes67/77€216€6k▲
Profit (loss) for the period9904€40k€55k▲
Profit (loss) for the period to be appropriated9905€40k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€43k▲
Profit (loss) brought forward from the previous period14P€-52k€-12k▲
Transfer to equity691/2-€43k
To other reserves6921-€43k
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (17 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Highest result since 2023net €55k ▲35.9%
Operating result €65k, net result €55k, both a record.
31-12
Financial
Equity above €100kEq €143k ▲61.8%
2 profitable years in a row build equity to €143k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 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, Maldegem · 1 establishment unit since 2022
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.
Koning Leopoldlaan 20F9990 MaldegemGround area
1,843 m²
Building footprint
943 m²
Volume, LiDAR
5,164 m³
Parcel 43010C0029/00C000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mali
since 20222.331.682.139
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0029/00C000 | Flanders | 1,843 m² | 1 · 943 m² | 6.9 m · 2 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
GROUPE REGNIER
BE 0466.711.045
Gesves · Eq €143k
PROZIZO
BE 0885.990.674
Herk-de-Stad · Eq €142k
MARTIN SERVICE
BE 0479.215.731
Dalhem · Eq €142k
GREGOIR LIFESTYLE
BE 0437.043.101
Zemst · Eq €143k
CUISIDREAM
BE 0808.270.613
Waremme · Eq €142k
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,340 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2022
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
46150Agents in the wholesale of furniture, household goods and hardware
46471Wholesale trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.