MALISA CONSTRUCT
ActiveSummary
MALISA CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €8k. Equity is shrinking by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+73
Solvency58▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.12 against 2.08 in 2024; short-term debt: 24% and cash: 0% of total assets), but 66.8% of the assets are financed with debt.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
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
33.2%
Return on assets
11.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €24k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
251 d late
2023
237 d late
2022
121 d late
2021
79 d late
2020
257 d late
2019
92 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 51.2%
2024 · €16k
Total assets
€72k▲ 147%
2024 · €29k
Net result
€8k
2024 · €-2k
Working capital
€54k▲ 274%
2024 · €14k
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€-19k▼ 109%€-8k▲ 55.8%€15k€-1k€12k
Net result€-26k▼ 195%€-9k▲ 65.4%€16k€-2k€8k
Equity€11k▼ 70.3%€2k▼ 82.0%€18k▲ 790%€16k▼ 11.9%€24k▲ 51.2%
Total assets€114k▲ 56.2%€100k▼ 11.9%€28k▼ 72.1%€29k▲ 4.1%€72k▲ 147%
Debt€102k▲ 192%€98k▼ 4.3%€10k▼ 89.8%€13k▲ 32.7%€48k▲ 261%
Working capital€5k▼ 86.9%€-5k€18k€14k▼ 18.0%€54k▲ 274%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€744 ▼ 44.6%
Current assets
€71k ▲ 157%
Equity and liabilities €72k
Equity
€24k ▲ 51.2%
Debt
€48k ▲ 261%
Debt's share of the balance-sheet total rises from 45.8% to 66.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▲
2024 · €-468
Cash flow
€9k▲
2024 · €-2k
Current ratio
4.12▲
2024 · 2.08
Quick ratio
3.54▲
2024 · 1.33
Debt to equity
2.02▲
2024 · 0.84
ROE
33.9%▲
2024 · -13.5%
ROA
11.2%▲
2024 · -7.3%
Interest coverage
9.48▲
2024 · -0.57
Debt ≤ 1 year
€17k▲
2024 · €13k
Debt > 1 year
€31k
Income taxes
€3k▲
2024 · €241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €7k | €1k | €594 | €600 | ▲ 1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1k | - |
| Other operating charges640/8 | €1k | €2k | €2k | €703 | €1k | ▲ 51.4% |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €-16k | €86 | €21k | €235 | €15k | ▲ 6,383% |
| Operating profit (loss)9901 | €-19k | €-8k | €15k | €-1k | €12k | ▲ 1,264% |
| Financial income75/76B | €722 | €1k | €1k | - | €21 | - |
| Recurring financial income75 | €722 | €1k | €1k | - | €21 | - |
| Financial charges65/66B | €2k | €2k | €2k | €827 | €1k | ▲ 65.1% |
| Recurring financial charges65 | €2k | €2k | €2k | €827 | €1k | ▲ 65.1% |
| Profit (loss) for the period before taxes9903 | €-20k | €-9k | €15k | €-2k | €11k | ▲ 683% |
| Income taxes67/77 | €6k | €588 | €-654 | €241 | €3k | ▲ 1,123% |
| Profit (loss) for the period9904 | €-26k | €-9k | €16k | €-2k | €8k | ▲ 478% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-9k | €16k | €-2k | €8k | ▲ 478% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €100k | €28k | €29k | €72k | ▲ 147% |
| Fixed assets21/28 | €18k | €13k | €311 | €1k | €744 | ▼ 44.6% |
| Tangible fixed assets22/27 | €18k | €12k | €257 | €1k | €690 | ▼ 46.5% |
| Plant, machinery and equipment23 | €1k | €741 | €173 | - | - | - |
| Furniture and vehicles24 | €16k | €12k | €84 | €1k | €690 | ▼ 46.5% |
| Financial fixed assets28 | €54 | €54 | €54 | €54 | €54 | = |
| Current assets29/58 | €96k | €88k | €28k | €28k | €71k | ▲ 157% |
| Amounts receivable after more than one year29 | - | - | - | - | €40k | - |
| Other amounts receivable291 | - | - | - | - | €40k | - |
| Stocks and contracts in progress3 | €25k | €25k | €10k | €10k | €10k | = |
| Stocks30/36 | €25k | €25k | €10k | €10k | €10k | = |
| Amounts receivable within one year40/41 | €68k | €61k | €16k | €18k | €21k | ▲ 21.4% |
| Trade receivables40 | €48k | €33k | €16k | €2k | €20k | ▲ 1,225% |
| Other amounts receivable41 | €19k | €28k | €732 | €16k | €1k | ▼ 90.8% |
| Cash at bank and in hand54/58 | €1k | €454 | €358 | - | €11 | - |
| Deferred charges and accrued income490/1 | €2k | €2k | €718 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €100k | €28k | €29k | €72k | ▲ 147% |
| Equity10/15 | €11k | €2k | €18k | €16k | €24k | ▲ 51.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-9k | €-18k | €-3k | €-5k | €3k | ▲ 171% |
| Amounts payable17/49 | €102k | €98k | €10k | €13k | €48k | ▲ 261% |
| Amounts payable after more than one year17 | €11k | €6k | - | - | €31k | - |
| Financial debts170/4 | €11k | €6k | - | - | €31k | - |
| Amounts payable within one year42/48 | €91k | €92k | €10k | €13k | €17k | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | €742 | €12k | ▲ 1,494% |
| Financial debts43 | - | €3k | - | €3k | - | - |
| Credit institutions430/8 | - | €3k | - | €3k | - | - |
| Trade debts44 | €78k | €79k | €2k | €7k | €2k | ▼ 67.8% |
| Suppliers440/4 | €78k | €79k | €2k | €7k | €2k | ▼ 67.8% |
| Taxes, remuneration and social security45 | €2k | €654 | - | €3k | €3k | ▲ 3.9% |
| Taxes450/3 | €2k | €654 | - | €3k | €3k | ▲ 3.9% |
| Other amounts payable47/48 | €5k | €5k | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-26k | €-9k | €16k | €-2k | €8k | ▲ 478% |
| + Depreciation and write-downs630 | €1k | €7k | €1k | €594 | €600 | ▲ 1.0% |
| Operating cash flow (approximation) | €-25k | €-2k | €17k | €-2k | €9k | ▲ 664% |
| Investment in fixed assets (approximation) | - | €-1k | €11k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-816 | €-97 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 251 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 237 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.76
Current ratio from 0.95 to 2.76; short-term debt falls from €92k to €10k.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 257 days late
2021
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 145 days late
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 111 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Nivelles · 1 establishment unit since 2011
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.
Avenue Jean Monnet 11401 NivellesGround area
1,087 m²
Building footprint
121 m²
Volume, LiDAR
688 m³
Parcel 92135G0330/00E000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20112.202.533.270
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135G0330/00E000 | Wallonia | 1,086 m² | 1 · 121 m² | 8.3 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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 11,959 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
Founded22-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Phone
0488560580
Scores and ratios are computed by Checked and are not a credit decision.