MALIPE
Dissolved and wound upFinancials · financial year 2025, micro format
2025 annual accounts filed 4 days after the deadline Filed on 4 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00031915.
Annual accounts 2025 filed on 04-02-2026 PDF all 27 filings
Turnover
≈ €500,000
Estimated: probably between €350,000 and €730,000
Total assets
€294,898▲ 190%
2024 · €101,527
Net result
€169,233▲ 24×
2024 · €6,964
Working capital
€258,456▲ 585%
2024 · €37,725
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€249,114
▲ 23×
2025
20192025
Net result
€169,233
▲ 24×
2025
20192025
Equity
€264,044
▲ 178%
2025
20192025
Total assets
€294,898
▲ 190%
2025
20192025
Debt
€30,854
▲ 359%
2025
20192025
Working capital
€258,456
▲ 585%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€2,794-€3,637▲ 30.2%€4,372▲ 20.2%€3,504▼ 19.9%€4,617▲ 31.8%€10,853▲ 135%€249,114▲ 23×
Net result€1,280-€739▼ 42.3%€2,372▲ 221%€2,918▲ 23.0%€3,286▲ 12.6%€6,964▲ 112%€169,233▲ 24×
Equity€78,531-€79,270▲ 0.9%€81,642▲ 3.0%€84,560▲ 3.6%€87,846▲ 3.9%€94,810▲ 7.9%€264,044▲ 178%
Total assets€82,049-€83,797▲ 2.1%€84,230▲ 0.5%€87,526▲ 3.9%€92,492▲ 5.7%€101,527▲ 9.8%€294,898▲ 190%
Debt€3,518-€4,527▲ 28.7%€2,587▼ 42.8%€2,966▲ 14.6%€4,646▲ 56.6%€6,716▲ 44.6%€30,854▲ 359%
Working capital€28,179-€12,001▼ 57.4%€20,125▲ 67.7%€23,148▲ 15.0%€31,765▲ 37.2%€37,725▲ 18.8%€258,456▲ 585%
The operating result for 2025 is 23 times that of 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Large changes and their cause
- 2025 Net result +2,330% on 2024. The 2025 profit included a one-off income of €216,314.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,898
Fixed assets
€5,588 ▼ 90.2%
Current assets
€289,311 ▲ 551%
Equity and liabilities €294,898
Equity
€264,044 ▲ 178%
Debt
€30,854 ▲ 359%
Debt's share of the balance-sheet total rises from 6.6% to 10.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€251,421▲
2024 · €15,801
Cash flow
€171,540▲
2024 · €11,912
Current ratio
9.38▲
2024 · 6.62
Debt to equity
0.12▲
2024 · 0.07
ROE
64.1%▲
2024 · 7.3%
ROA
57.4%▲
2024 · 6.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€30,854▲
2024 · €6,716
Income taxes
€80,069▲
2024 · €3,508
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,565 | €499 | €5,952 | - |
| Depreciation and write-downs of the year | €5,671 | €5,830 | €4,948 | €2,307 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,653 | - | - | €215,809 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,729 | €4,979 | €5,753 | €5,671 | €5,830 | €4,948 | €2,307 | ▼ 53.4% |
| Other operating charges640/8 | - | - | - | €1,107 | €964 | €1,203 | €1,190 | ▼ 1.1% |
| Gross operating margin9900 | €9,210 | €9,318 | €11,214 | €10,281 | €11,411 | €17,004 | €252,611 | ▲ 15× |
| Operating profit (loss)9901 | €2,794 | €3,637 | €4,372 | €3,504 | €4,617 | €10,853 | €249,114 | ▲ 23× |
| Financial income75/76B | - | - | - | €0 | €325 | €108 | €893 | ▲ 725% |
| Recurring financial income75 | €33 | €38 | €4 | €0 | €108 | €108 | €388 | ▲ 258% |
| Non-recurring financial income76B | - | - | - | - | €217 | - | €505 | - |
| Financial charges65/66B | - | - | - | €43 | €57 | €489 | €705 | ▲ 44.1% |
| Recurring financial charges65 | €41 | €41 | €41 | €43 | €57 | €83 | €557 | ▲ 574% |
| Non-recurring financial charges66B | - | - | - | - | - | €407 | €148 | ▼ 63.6% |
| Profit (loss) for the period before taxes9903 | €2,121 | €942 | €3,761 | €3,461 | €4,885 | €10,472 | €249,302 | ▲ 24× |
| Income taxes67/77 | €841 | €203 | €1,389 | €543 | €1,599 | €3,508 | €80,069 | ▲ 23× |
| Profit (loss) for the period9904 | €1,280 | €739 | €2,372 | €2,918 | €3,286 | €6,964 | €169,233 | ▲ 24× |
| Profit (loss) for the period to be appropriated9905 | €1,280 | €739 | €2,372 | €2,918 | €3,286 | €6,964 | €169,233 | ▲ 24× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €82,049 | €83,797 | €84,230 | €87,526 | €92,492 | €101,527 | €294,898 | ▲ 190% |
| Fixed assets21/28 | €50,352 | €67,270 | €61,517 | €61,412 | €56,081 | €57,085 | €5,588 | ▼ 90.2% |
| Tangible fixed assets22/27 | €50,352 | €67,270 | €61,517 | €61,412 | €56,081 | €57,085 | €5,588 | ▼ 90.2% |
| Land and buildings22 | - | - | - | €40,563 | €38,210 | €37,537 | - | - |
| Plant, machinery and equipment23 | - | - | - | €15,964 | €13,809 | €13,304 | €1,484 | ▼ 88.8% |
| Furniture and vehicles24 | - | - | - | €4,885 | €4,062 | €6,245 | €4,104 | ▼ 34.3% |
| Current assets29/58 | €31,696 | €16,528 | €22,713 | €26,114 | €36,410 | €44,441 | €289,311 | ▲ 551% |
| Amounts receivable within one year40/41 | €3,700 | €3,987 | €2,165 | €3,208 | €2,450 | €9,592 | €6,291 | ▼ 34.4% |
| Trade receivables40 | - | - | - | €1,745 | €932 | €6,916 | €4,591 | ▼ 33.6% |
| Other amounts receivable41 | - | - | - | €1,463 | €1,518 | €2,676 | €1,700 | ▼ 36.5% |
| Current investments50/53 | €10,075 | €10,083 | €10,086 | €10,086 | €10,088 | €10,106 | €250,138 | ▲ 25× |
| Cash at bank and in hand54/58 | €16,586 | €1,148 | €9,171 | €12,820 | €23,768 | €22,951 | €30,508 | ▲ 32.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €104 | €1,792 | €2,373 | ▲ 32.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €82,049 | €83,797 | €84,230 | €87,526 | €92,492 | €101,527 | €294,898 | ▲ 190% |
| Equity10/15 | €78,531 | €79,270 | €81,642 | €84,560 | €87,846 | €94,810 | €264,044 | ▲ 178% |
| Contributions10/11 | €14,874 | - | - | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Reserves13 | €25,014 | €25,014 | €27,386 | €30,303 | €33,590 | €40,554 | €209,787 | ▲ 417% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €28,443 | €31,730 | €40,554 | €209,787 | ▲ 417% |
| Profit (loss) carried forward14 | €38,644 | €39,383 | €39,383 | €39,383 | €39,383 | €39,383 | €39,383 | = |
| Amounts payable17/49 | €3,518 | €4,527 | €2,587 | €2,966 | €4,646 | €6,716 | €30,854 | ▲ 359% |
| Amounts payable within one year42/48 | €3,518 | €4,527 | €2,587 | €2,966 | €4,646 | €6,716 | €30,854 | ▲ 359% |
| Trade debts44 | €2,690 | €1,450 | €627 | €1,988 | €2,873 | €2,875 | €504 | ▼ 82.5% |
| Suppliers440/4 | - | - | - | €1,988 | €2,873 | €2,875 | €504 | ▼ 82.5% |
| Taxes, remuneration and social security45 | - | - | - | €978 | €1,772 | €3,842 | €30,350 | ▲ 690% |
| Taxes450/3 | - | - | - | €978 | €1,772 | €3,842 | €30,350 | ▲ 690% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,280 | €739 | €2,372 | €2,918 | €3,286 | €6,964 | €169,233 | ▲ 24× |
| + Depreciation and write-downs630 | €3,729 | €4,979 | €5,753 | €5,671 | €5,830 | €4,948 | €2,307 | ▼ 53.4% |
| Operating cash flow (approximation) | €5,009 | €5,719 | €8,125 | €8,588 | €9,116 | €11,912 | €171,540 | ▲ 14× |
| Investment in fixed assets (approximation) | - | -€21,897 | €0 | -€5,565 | -€499 | -€5,952 | €49,191 | - |
| Change in cash | - | -€15,438 | €8,023 | €3,649 | €10,947 | -€817 | €7,558 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 04-02-2026 | 2026-00031915 | |
| 30-06-2024 | micro format | 28-02-2025 | 2025-00040929 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012606 | |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00007855 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02400065 | |
| 30-06-2020 | micro format | 26-01-2021 | 2021-01900495 | |
| 30-06-2019 | micro format | 27-11-2019 | 2019-74300583 | |
| 30-06-2018 | micro format | 27-11-2018 | 2018-72800327 | |
| 30-06-2017 | micro format | 30-11-2017 | 2017-70400553 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-70700085 |