Summary
Malisa is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.5m and a net result of €24,454. Equity remains stable across the filed financial years (±1% per year). Its solvency ranks better than 78% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
8th largest company by equity in Kortenaken1 site
Size
≈ €240,000turnover 2025, estimated
- Staff
- 1 FTE
- Equity
- €2.5m
- Profit
- €24,454
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
9 days early
2023
12 days early
2022
13 days early
2021
27 days early
2020
2 days early
2019
7 days early
← 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 10 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end31-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
Equity
€2.5m▲ 1.0%
2024 · €2.5m
Net result
€24,454▼ 23.2%
2024 · €31,827
Total assets
€3.1m▼ 11.4%
2024 · €3.5m
Solvency
79.8%▲ 9.8pp
2024 · 70.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €851 in 2025 against €817 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.001m
2025
Net result€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.1m
2025
Equity€2.5m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.21
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.06m▼ 51.8%€0.02m▼ 57.8%€0.04m▲ 67.5%€0.03m▼ 27.0%-€0.001m-€0.001m▼ 4.1%
Net result€0.1m-€0.9mabove the sector's middle half▲ 686%€0.007mwithin the sector's middle half▼ 99.2%€0.04mwithin the sector's middle half▲ 541%€0.04mwithin the sector's middle half▲ 0.3%€0.03mwithin the sector's middle half▼ 27.1%€0.02mwithin the sector's middle half▼ 23.2%
Equity€1.6m-€2.4mabove the sector's middle half▲ 56.1%€2.5mabove the sector's middle half▲ 0.3%€2.5mabove the sector's middle half▲ 1.8%€2.5mabove the sector's middle half▲ 1.7%€2.5mabove the sector's middle half▼ 2.7%€2.5mabove the sector's middle half▲ 1.0%
Total assets€3.8m-€4.5mabove the sector's middle half▲ 18.3%€3.2mabove the sector's middle half▼ 27.8%€4.2mabove the sector's middle half▲ 27.8%€4.2mabove the sector's middle half▲ 0.2%€3.5mabove the sector's middle half▼ 15.1%€3.1mabove the sector's middle half▼ 11.4%
Debt€2.2m-€2.1m▼ 8.3%€0.8m▼ 61.4%€1.7m▲ 109%€1.6m▼ 2.1%€1.1m▼ 34.7%€0.6m▼ 40.3%
Working capital€0.2m-€2.6mabove the sector's middle half▲ 15×€1.4mabove the sector's middle half▼ 47.0%€1.3mabove the sector's middle half▼ 3.9%€1.6mabove the sector's middle half▲ 21.0%€1.3mabove the sector's middle half▼ 22.6%€1.3mabove the sector's middle half▼ 0.3%
Solvency41.2%-54.4%within the sector's middle half▲ 13.2pp75.6%within the sector's middle half▲ 21.2pp60.2%within the sector's middle half▼ 15.4pp61.1%within the sector's middle half▲ 0.9pp70.1%within the sector's middle half▲ 9.0pp79.8%above the sector's middle half▲ 9.8pp
Current ratio2.61-5.78above the sector's middle half▲ 3.175.81above the sector's middle half▲ 0.032.08within the sector's middle half▼ 3.732.33within the sector's middle half▲ 0.252.31within the sector's middle half▼ 0.023.21within the sector's middle half▲ 0.91
Return on assets (ROA)2.9%-19.6%within the sector's middle half▲ 16.6pp0.2%below the sector's middle half▼ 19.3pp1.0%below the sector's middle half▲ 0.8pp1.0%below the sector's middle half=0.9%below the sector's middle half▼ 0.1pp0.8%below the sector's middle half▼ 0.1pp
Staff (FTE)3.8-3.8above the sector's middle half=1.3▼ 65.8%2▲ 53.8%1.3▼ 35.0%1▼ 23.1%1=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €3.1m
Fixed assets
€1.3m =
Current assets
€1.8m ▼ 18.0%
Equity and liabilities €3.1m
Equity
€2.5m ▲ 1.0%
Debt
€632,244 ▼ 40.3%
Debt's share of the balance-sheet total falls from 29.9% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.0%▼
2024 · 1.3%
Debt ≤ 1 year
€568,472▼
2024 · €966,215
Debt > 1 year
€62,012▼
2024 · €78,925
Income taxes
€8,278▼
2024 · €13,342
Staff costs
€96,804▲
2024 · €94,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €130,878 | €106,000 | €94,167 | €96,804 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €794 | €794 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €868 | €868 | €1,010 | €968 | ▼ 4.2% |
| Gross operating margin9900 | €379,078 | €301,597 | €112,775 | €171,534 | €135,924 | €94,360 | €96,921 | ▲ 2.7% |
| Operating profit (loss)9901 | €116,878 | €56,299 | €23,755 | €39,788 | €29,055 | -€817 | -€851 | ▼ 4.1% |
| Financial income75/76B | - | - | - | €44,818 | €74,425 | €107,737 | €76,721 | ▼ 28.8% |
| Recurring financial income75 | €105,604 | €901,291 | €27,489 | €44,818 | €74,425 | €107,737 | €76,721 | ▼ 28.8% |
| Financial charges65/66B | - | - | - | €34,606 | €47,717 | €61,751 | €43,139 | ▼ 30.1% |
| Recurring financial charges65 | €93,368 | €77,040 | €44,461 | €34,606 | €47,717 | €61,751 | €43,139 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €129,113 | €880,550 | €6,783 | €49,999 | €55,763 | €45,169 | €32,731 | ▼ 27.5% |
| Income taxes67/77 | €17,143 | -€2 | - | €6,508 | €12,130 | €13,342 | €8,278 | ▼ 38.0% |
| Profit (loss) for the period9904 | €111,970 | €880,551 | €6,783 | €43,491 | €43,633 | €31,827 | €24,454 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €111,970 | €880,551 | €6,783 | €43,491 | €43,633 | €31,827 | €24,454 | ▼ 23.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.8m | €4.5m | €3.2m | €4.2m | €4.2m | €3.5m | €3.1m | ▼ 11.4% |
| Fixed assets21/28 | €3.5m | €1.3m | €1.6m | €1.6m | €1.3m | €1.3m | €1.3m | = |
| Tangible fixed assets22/27 | €0.001m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €3.5m | €1.3m | €1.6m | €1.6m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.3m | €3.2m | €1.7m | €2.6m | €2.9m | €2.2m | €1.8m | ▼ 18.0% |
| Amounts receivable within one year40/41 | €0.2m | €1.5m | €1.2m | €2.2m | €2.3m | €1.8m | €1.4m | ▼ 24.8% |
| Trade receivables40 | - | - | - | €0.06m | €0.02m | €0.02m | €0.02m | ▲ 13.8% |
| Other amounts receivable41 | - | - | - | €2.1m | €2.2m | €1.8m | €1.4m | ▼ 25.3% |
| Current investments50/53 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Cash at bank and in hand54/58 | €0.07m | €1.7m | €0.2m | €0.1m | €0.3m | €0.09m | €0.1m | ▲ 65.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.8m | €4.5m | €3.2m | €4.2m | €4.2m | €3.5m | €3.1m | ▼ 11.4% |
| Equity10/15 | €1.6m | €2.4m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▲ 1.0% |
| Contributions10/11 | €0.6m | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €1.0m | €1.9m | €1.9m | €2.0m | €2.0m | €1.9m | €2.0m | ▲ 1.3% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | - | - | - |
| Distributable reserves133 | - | - | - | €1.7m | €1.8m | €1.9m | €2.0m | ▲ 1.3% |
| Amounts payable17/49 | €2.2m | €2.1m | €0.8m | €1.7m | €1.6m | €1.1m | €0.6m | ▼ 40.3% |
| Amounts payable after more than one year17 | €2.1m | €1.5m | €0.5m | €0.4m | €0.4m | €0.08m | €0.06m | ▼ 21.4% |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.4m | €0.08m | €0.06m | ▼ 21.4% |
| Amounts payable within one year42/48 | €0.1m | €0.6m | €0.3m | €1.3m | €1.2m | €1.0m | €0.6m | ▼ 41.2% |
| Financial debts43 | - | - | - | €1.2m | €1.2m | €0.9m | €0.5m | ▼ 44.4% |
| Credit institutions430/8 | - | - | - | €1.2m | €1.2m | €0.9m | €0.5m | ▼ 44.4% |
| Trade debts44 | €0.01m | €0.05m | €0.004m | €0.004m | €0.005m | €0.005m | €0.005m | ▲ 4.4% |
| Suppliers440/4 | - | - | - | €0.004m | €0.005m | €0.005m | €0.005m | ▲ 4.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.02m | €0.02m | €0.02m | ▲ 2.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.005m | €0.005m | ▲ 2.3% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.2% |
| Other amounts payable47/48 | - | - | - | - | - | €0.04m | €0.04m | ▲ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | - | €0.01m | €0.002m | ▼ 86.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.9m | €0.007m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 23.2% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.1m | €0.9m | €0.007m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 23.2% |
| Investment in fixed assets (approximation) | - | €2.2m | -€0.3m | €0 | €0.3m | €0 | €0 | - |
| Change in cash | - | €1.7m | -€1.5m | -€0.1m | €0.2m | -€0.2m | €0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00018817 |
| 30-06-2024 | micro format | 22-01-2025 | 2025-00008926 |
| 30-06-2023 | micro format | 19-01-2024 | 2024-00005703 |
| 30-06-2022 | micro format | 18-01-2023 | 2023-00001161 |
| 30-06-2021 | micro format | 04-01-2022 | 2022-00200469 |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03500190 |
| 30-06-2019 | micro format | 24-01-2020 | 2020-02200231 |
| 30-06-2018 | micro format | 29-01-2019 | 2019-03300135 |
| 30-06-2017 | micro format | 11-01-2018 | 2018-01000440 |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-02100118 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,128. 10,306 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
GOVAERTS Peter
CurrentDirector · since 08-01-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GOVAERTS Peter |
|
Owners and capital
Capital and shareholders
Capital over the years
- 08-01-2024 Converted to unavailable equity
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 30-06-2025
- Govaerts HalensubsidiaryEquity €689,738Result €326,022100%
- Govaerts Sint-TruidensubsidiaryEquity €342,958Result €97,30599.93%
- GovimosubsidiaryEquity €1.3mResult €44,80999.88%
According to the annual accounts to 30-06-2025 of Malisa and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
22-01
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
19-01
NBB filing
Annual accounts filed
financial year 2023 · micro format
08-01
Gazette deed
Resignation: GOVAERTS Peter (manager)Appointment: GOVAERTS Peter (director) · Permanent representative: GOVAERTS Peter · Capital conversion12 facts ▸
Gazette deed
Resignation: GOVAERTS Peter (manager)
Appointment: GOVAERTS Peter (director) · Permanent representative: GOVAERTS Peter · Capital conversion12 facts ▸
- General meeting, 08-11-2023
- Other provision, “aanpassing statuten aan Wetboek van vennootschappen en verenigingen met behoud rechtsvorm, artikel 39,§1,eerste en derde lid van wet van 2019-03-23” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “middelen beschikbaar maken voor uitkering, onmiddellijk” (deed in Dutch)
- Amendment of the articles
- Capital
- Registered office clause, “Blijstraat 4,3473 Kortenaken, niet opgenomen in statuten” (deed in Dutch)
- Director resignation, GOVAERTS Peter (manager)
- Director discharge, GOVAERTS Peter (manager)
- Director appointment, GOVAERTS Peter (director)
- Power of attorney, Joséfine VANUYTRECHT
- Permanent representative, GOVAERTS Peter
2023
18-01
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
04-01
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
30-06
Financial
Weakest financial yearnet €6,783 ▼99.2%
Net result drops to €6,783, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
30-06
Financial
Highest result from 2019 to 2025net €880,551 ▲686%
Net result €880,551, the highest in the series.
30-06
Financial
Liquidity more than doubledcurrent ratio 5.78
Current ratio from 2.61 to 5.78.
30-06
Financial
Equity above €2mequity €2.4m ▲56.1%
A profit in every financial year since 2019 builds equity to €2.4m.
24-01
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2019
29-01
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
11-01
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
25-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded09-10-2008
Financial year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806998725
Also
9925:BE0806998725
Registered
08-10-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortenaken · 1 establishment unit since 2008
Ground area
1,411 m²
Building footprint
158 m²
Building volume
838 m³
Parcel 24115B0002/00E002, Flanders · tallest building 7.6 m. Linked by address, not a title deed.
1 establishment unit
Malisa
since 2008unit no. 2.174.074.064
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24115B0002/00E002 | Flanders | 1,411 m² | 1 · 158 m² | 7.6 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Malisa
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bekend te maken in bijlagen bij Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Nietigheid, andere personen onder levenden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 27 December at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Door algemene vergadering, wettelijk voorziene machten tenzij algemene vergadering anders beslist met gewone meerderheid” (deed in Dutch)