MALIMAT
ActiveSummary
MALIMAT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €827,663 and a net result of -€18,290. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.8 against 4.49 in 2024; short-term debt: 3% and cash: 9.4% of total assets), and 8.9% of the assets are financed with debt.
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Signals
Four 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
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
91.1%
Return on assets
-2%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
11 d early
2023
36 d early
2022
40 d early
2021
32 d early
2020
33 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€827,663▼ 4.8%
2024 · €869,642
Total assets
€908,474▼ 5.1%
2024 · €957,079
Net result
-€18,290
2024 · €4,844
Working capital
€76,626▲ 14.9%
2024 · €66,688
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,673▲ 108%€18,540▲ 58.8%€3,653▼ 80.3%€8,254▲ 126%-€16,350
Net result€6,894▲ 130%€11,563▲ 67.7%€1,721▼ 85.1%€4,844▲ 181%-€18,290
Equity€897,693▲ 0.8%€863,059▼ 3.9%€864,798▲ 0.2%€869,642▲ 0.6%€827,663▼ 4.8%
Total assets€1.0m▼ 0.5%€1.0m▼ 0.3%€964,597▼ 6.3%€957,079▼ 0.8%€908,474▼ 5.1%
Debt€134,604▼ 8.1%€166,117▲ 23.4%€99,798▼ 39.9%€87,437▼ 12.4%€80,810▼ 7.6%
Working capital€106,835▼ 13.3%€40,334▼ 62.2%€54,097▲ 34.1%€66,688▲ 23.3%€76,626▲ 14.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,350 after €8,254 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908,474
Fixed assets
€804,446 ▼ 7.7%
Current assets
€104,028 ▲ 21.3%
Equity and liabilities €908,474
Equity
€827,663 ▼ 4.8%
Debt
€80,810 ▼ 7.6%
Debt's share of the balance-sheet total falls from 9.1% to 8.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,945▼
2024 · €41,364
Cash flow
€15,005▼
2024 · €37,954
Current ratio
3.80▼
2024 · 4.49
Debt to equity
0.10▼
2024 · 0.10
ROE
-2.2%▼
2024 · 0.6%
ROA
-2.0%▼
2024 · 0.5%
Interest coverage
21.32▼
2024 · 44.45
Debt ≤ 1 year
€27,402▲
2024 · €19,093
Debt > 1 year
€53,408▼
2024 · €68,344
Income taxes
€1,145▼
2024 · €2,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,202 | €32,157 | €32,611 | €33,110 | €33,294 | ▲ 0.6% |
| Other operating charges640/8 | €30,198 | €8,740 | €9,166 | €9,326 | €31,107 | ▲ 234% |
| Gross operating margin9900 | €72,073 | €59,437 | €45,430 | €50,690 | €48,051 | ▼ 5.2% |
| Operating profit (loss)9901 | €11,673 | €18,540 | €3,653 | €8,254 | -€16,350 | ▼ 298% |
| Financial charges65/66B | €1,337 | €1,201 | €1,070 | €931 | €795 | ▼ 14.6% |
| Recurring financial charges65 | €1,337 | €1,201 | €1,070 | €931 | €795 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €10,336 | €17,339 | €2,583 | €7,323 | -€17,145 | ▼ 334% |
| Income taxes67/77 | €3,442 | €5,776 | €861 | €2,480 | €1,145 | ▼ 53.8% |
| Profit (loss) for the period9904 | €6,894 | €11,563 | €1,721 | €4,844 | -€18,290 | ▼ 478% |
| Profit (loss) for the period to be appropriated9905 | €6,894 | €11,563 | €1,721 | €4,844 | -€18,290 | ▼ 478% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €964,597 | €957,079 | €908,474 | ▼ 5.1% |
| Fixed assets21/28 | €903,530 | €920,518 | €893,840 | €871,298 | €804,446 | ▼ 7.7% |
| Tangible fixed assets22/27 | €903,530 | €920,518 | €893,840 | €871,298 | €804,446 | ▼ 7.7% |
| Land and buildings22 | €808,115 | €795,528 | €770,231 | €744,934 | €719,637 | ▼ 3.4% |
| Plant, machinery and equipment23 | €95,415 | €88,555 | €87,174 | €89,929 | €84,809 | ▼ 5.7% |
| Furniture and vehicles24 | - | €36,435 | €36,435 | €36,435 | - | - |
| Current assets29/58 | €128,767 | €108,658 | €70,757 | €85,782 | €104,028 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €5,581 | €5,404 | €3,000 | €5,247 | €18,520 | ▲ 253% |
| Trade receivables40 | €5,581 | €5,404 | €3,000 | €5,247 | €3,680 | ▼ 29.9% |
| Other amounts receivable41 | - | - | - | - | €14,840 | - |
| Cash at bank and in hand54/58 | €123,186 | €102,334 | €66,780 | €80,535 | €85,508 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | €921 | €977 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €964,597 | €957,079 | €908,474 | ▼ 5.1% |
| Equity10/15 | €897,693 | €863,059 | €864,798 | €869,642 | €827,663 | ▼ 4.8% |
| Contributions10/11 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Reserves13 | €97,693 | €63,059 | €64,798 | €69,642 | €27,663 | ▼ 60.3% |
| Non-distributable reserves130/1 | €20,931 | €20,931 | - | - | - | - |
| Reserves not available under the articles1311 | €20,931 | €20,931 | - | - | - | - |
| Distributable reserves133 | €76,762 | €42,128 | €64,798 | €69,642 | €27,663 | ▼ 60.3% |
| Amounts payable17/49 | €134,604 | €166,117 | €99,798 | €87,437 | €80,810 | ▼ 7.6% |
| Amounts payable after more than one year17 | €112,309 | €97,793 | €83,138 | €68,344 | €53,408 | ▼ 21.9% |
| Financial debts170/4 | €112,309 | €97,793 | €83,138 | €68,344 | €53,408 | ▼ 21.9% |
| Amounts payable within one year42/48 | €21,932 | €68,324 | €16,660 | €19,093 | €27,402 | ▲ 43.5% |
| Current portion of amounts payable after more than one year42 | €14,378 | €14,516 | €14,654 | €14,794 | €14,936 | ▲ 1.0% |
| Trade debts44 | €61 | €691 | - | €371 | €4,137 | ▲ 1,014% |
| Suppliers440/4 | €61 | €691 | - | €371 | €4,137 | ▲ 1,014% |
| Taxes, remuneration and social security45 | €6,712 | €8,085 | €861 | €2,480 | €3,774 | ▲ 52.2% |
| Taxes450/3 | €6,712 | €8,085 | €861 | €2,480 | €3,774 | ▲ 52.2% |
| Other amounts payable47/48 | €781 | €45,032 | €1,144 | €1,448 | €4,555 | ▲ 215% |
| Accrued charges and deferred income492/3 | €363 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,894 | €11,563 | €1,721 | €4,844 | -€18,290 | ▼ 478% |
| + Depreciation and write-downs630 | €30,202 | €32,157 | €32,611 | €33,110 | €33,294 | ▲ 0.6% |
| Operating cash flow (approximation) | €37,096 | €43,720 | €34,332 | €37,954 | €15,005 | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | -€49,145 | -€5,933 | -€10,568 | €33,557 | ▲ 418% |
| Change in cash | - | -€20,853 | -€35,554 | €13,755 | €4,973 | ▼ 63.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€18,290
Net result drops to -€18,290, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.25
Current ratio from 1.59 to 4.25; short-term debt falls from €68,324 to €16,660.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €13,110 ▲63.4%
Net result €13,110, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Veurne
Ground area
422 m²
Building footprint
195 m²
Volume, LiDAR
1,203 m³
Parcel 38025A0086/00W000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025A0086/00W000 | Flanders | 422 m² | 1 · 195 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2004
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862492425
Also
9925:BE0862492425
Registered
04-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.