MALINDA
ActiveSummary
MALINDA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,031 and a net result of €6,491. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-6
Solvency41▼-4
Growth66=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 5.58 in 2023; short-term debt: 41% and cash: 0.6% of total assets), but 84.2% 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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 · 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
15.8%
Return on assets
4.7%
Age of the figures
21 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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
73 d early
2023
26 d late
2022
30 d late
2021
23 d late
2020
89 d late
2019
43 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed 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. Usually files around 23 August (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
€285,778▼ 9.9%
2020 · €317,211
EBIT margin
-1.3%▼ 0.8pp
2020 · -0.4%
Net result
€6,491▼ 16.5%
2023 · €7,771
Working capital
€31,592▼ 36.4%
2023 · €49,694
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€317,211▲ 38.1%€285,778▼ 9.9%
Operating result-€1,411-€3,676▼ 161%€1,193€8,753▲ 634%€6,680▼ 23.7%
Net result-€1,499within the sector's middle half-€3,808below the sector's middle half▼ 154%€755within the sector's middle half€7,771within the sector's middle half▲ 929%€6,491within the sector's middle half▼ 16.5%
EBIT margin-0.4%▼ 2.3pp-1.3%▼ 0.8pp
Equity€10,822within the sector's middle half▼ 12.2%€7,014within the sector's middle half▼ 35.2%€7,770within the sector's middle half▲ 10.8%€15,541within the sector's middle half▲ 100%€22,031within the sector's middle half▲ 41.8%
Total assets€41,328below the sector's middle half▼ 7.7%€49,355below the sector's middle half▲ 19.4%€67,411within the sector's middle half▲ 36.6%€79,401within the sector's middle half▲ 17.8%€139,113within the sector's middle half▲ 75.2%
Debt€30,506▼ 6.1%€42,340▲ 38.8%€59,641▲ 40.9%€63,860▲ 7.1%€117,081▲ 83.3%
Working capital€22,977within the sector's middle half▲ 26.6%€38,661within the sector's middle half▲ 68.3%€41,231within the sector's middle half▲ 6.6%€49,694within the sector's middle half▲ 20.5%€31,592within the sector's middle half▼ 36.4%
Solvency26.2%within the sector's middle half▼ 1.3pp14.2%within the sector's middle half▼ 12.0pp11.5%within the sector's middle half▼ 2.7pp19.6%within the sector's middle half▲ 8.0pp15.8%within the sector's middle half▼ 3.7pp
Current ratio6.10above the sector's middle half▲ 3.1812.57above the sector's middle half▲ 6.487.21above the sector's middle half▼ 5.375.58above the sector's middle half▼ 1.631.55within the sector's middle half▼ 4.02
Return on assets (ROA)-3.6%below the sector's middle half▼ 5.7pp-7.7%below the sector's middle half▼ 4.1pp1.1%within the sector's middle half▲ 8.8pp9.8%within the sector's middle half▲ 8.7pp4.7%within the sector's middle half▼ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138,147
Fixed assets
€49,548 ▲ 163%
Current assets
€88,599 ▲ 46.3%
Equity and liabilities €139,113
Equity
€22,031 ▲ 41.8%
Debt
€117,081 ▲ 83.3%
Debt's share of the balance-sheet total rises from 80.4% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,845▼
2023 · €11,014
Cash flow
€8,656▼
2023 · €10,033
Quick ratio
0.02▼
2023 · 0.20
Debt to equity
5.31▲
2023 · 4.11
ROE
29.5%▼
2023 · 50.0%
Interest coverage
45.89▲
2023 · 11.23
Debt ≤ 1 year
€57,007▲
2023 · €10,860
Debt > 1 year
€60,000▲
2023 · €53,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,508 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €317,211 | €285,778 | - | - | - | - |
| Non-recurring operating income76A | - | €7,701 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €292,438 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,344 | €2,491 | €2,008 | €2,262 | €2,165 | ▼ 4.3% |
| Other operating charges640/8 | - | €396 | €1,720 | €1,941 | €1,580 | ▼ 18.6% |
| Non-recurring operating charges66A | - | €1,830 | - | - | - | - |
| Gross operating margin9900 | €6,414 | €1,040 | €4,921 | €12,955 | €10,425 | ▼ 19.5% |
| Operating profit (loss)9901 | -€1,411 | -€3,676 | €1,193 | €8,753 | €6,680 | ▼ 23.7% |
| Financial income75/76B | - | €0 | €0 | - | €3 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | €3 | - |
| Financial charges65/66B | - | €132 | €438 | €981 | €193 | ▼ 80.4% |
| Recurring financial charges65 | €89 | €132 | €438 | €981 | €193 | ▼ 80.4% |
| Profit (loss) for the period before taxes9903 | -€1,499 | -€3,808 | €755 | €7,771 | €6,491 | ▼ 16.5% |
| Profit (loss) for the period9904 | -€1,499 | -€3,808 | €755 | €7,771 | €6,491 | ▼ 16.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,499 | -€3,808 | €755 | €7,771 | €6,491 | ▼ 16.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,328 | €49,355 | €67,411 | €79,401 | €139,113 | ▲ 75.2% |
| Formation expenses20 | - | - | - | - | €965 | - |
| Fixed assets21/28 | €13,846 | €7,354 | €19,538 | €18,847 | €49,548 | ▲ 163% |
| Intangible fixed assets21 | - | - | €14,250 | €12,750 | €11,250 | ▼ 11.8% |
| Tangible fixed assets22/27 | €10,621 | €4,129 | €2,063 | €1,302 | €33,503 | ▲ 2,474% |
| Plant, machinery and equipment23 | - | €3,798 | €1,347 | €747 | €147 | ▼ 80.4% |
| Furniture and vehicles24 | - | €331 | €717 | €555 | €33,357 | ▲ 5,911% |
| Financial fixed assets28 | €3,225 | €3,225 | €3,225 | €4,795 | €4,795 | = |
| Current assets29/58 | €27,482 | €42,001 | €47,872 | €60,555 | €88,599 | ▲ 46.3% |
| Stocks and contracts in progress3 | €26,890 | €35,207 | €47,872 | €58,337 | €87,180 | ▲ 49.4% |
| Stocks30/36 | - | €35,207 | €47,872 | €58,337 | €87,180 | ▲ 49.4% |
| Amounts receivable within one year40/41 | - | €6,793 | - | €2,217 | - | - |
| Trade receivables40 | - | €5,649 | - | - | - | - |
| Other amounts receivable41 | - | €1,145 | - | €2,217 | - | - |
| Cash at bank and in hand54/58 | €593 | - | - | - | €767 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €652 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,328 | €49,355 | €67,411 | €79,401 | €139,113 | ▲ 75.2% |
| Equity10/15 | €10,822 | €7,014 | €7,770 | €15,541 | €22,031 | ▲ 41.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,778 | -€11,586 | -€10,830 | -€3,059 | €3,431 | ▲ 212% |
| Amounts payable17/49 | €30,506 | €42,340 | €59,641 | €63,860 | €117,081 | ▲ 83.3% |
| Amounts payable after more than one year17 | €26,000 | €39,000 | €53,000 | €53,000 | €60,000 | ▲ 13.2% |
| Other amounts payable178/9 | - | €39,000 | €53,000 | €53,000 | €60,000 | ▲ 13.2% |
| Amounts payable within one year42/48 | €4,506 | €3,340 | €6,641 | €10,860 | €57,007 | ▲ 425% |
| Financial debts43 | - | €1,953 | €5,100 | €144 | - | - |
| Credit institutions430/8 | - | €1,953 | €5,100 | €144 | - | - |
| Trade debts44 | €2,356 | - | - | €8,195 | €55,046 | ▲ 572% |
| Suppliers440/4 | - | - | - | €8,195 | €55,046 | ▲ 572% |
| Taxes, remuneration and social security45 | - | €653 | €1,515 | €2,402 | €1,961 | ▼ 18.4% |
| Taxes450/3 | - | €653 | €1,515 | €2,402 | €1,961 | ▼ 18.4% |
| Other amounts payable47/48 | - | €734 | €27 | €119 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €74 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,499 | -€3,808 | €755 | €7,771 | €6,491 | ▼ 16.5% |
| + Depreciation and write-downs630 | €6,344 | €2,491 | €2,008 | €2,262 | €2,165 | ▼ 4.3% |
| Operating cash flow (approximation) | €4,844 | -€1,317 | €2,763 | €10,033 | €8,656 | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | €4,001 | -€14,193 | -€1,570 | -€32,867 | ▼ 1,993% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €7,771 ▲929%
Operating result €8,753, net result €7,771, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €755
Net result €755 after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€3,808
Net result drops to -€3,808, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 12.57
Current ratio from 6.10 to 12.57; short-term debt falls from €4,506 to €3,340.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 6.10
Current ratio from 2.92 to 6.10; short-term debt falls from €9,454 to €4,506.
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 2.92
Current ratio from 1.18 to 2.92; short-term debt falls from €12,871 to €9,454.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Asse · 1 establishment unit since 2009
Ground area
1,173 m²
Building footprint
223 m²
Volume, LiDAR
1,198 m³
Parcel 23095B0062/00A002, Flanders · tallest building 23.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Malinda
since 20092.187.399.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095B0062/00A002 | Flanders | 1,173 m² | 1 · 223 m² | 23.5 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.
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Of 504 companies in sector 47713 we hold annual accounts for 195. 133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
47640Retail sale of games and toys
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811700255
Also
9925:BE0811700255
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.