Turnover
The micro format states no turnover.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 40% of them on solvency, 38% on liquidity, 65% on profitability and 80% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as MALISA CONSTRUCT has now. Each dot stands for 87 companies, two years later.
The bankruptcy probability of MALISA CONSTRUCT itself is higher: 7.2% within 12 months. It rests on far more data about MALISA CONSTRUCT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MALISA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.12 (2.08 in 2024), above the usual 1.5. Short-term debt is 24% and cash 0% of total assets. However, 66.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 153 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MALISA CONSTRUCT Nivelles | €71,745 | €15,224 | 33.2% | - |
| A CARRODECOR Ottignies-Louvain-la-Neuve | €70,658 | €14,984 | 51.9% | - |
| BOUWONDERNEMING YTC Oostkamp | €65,235 | €15,901 | 77.7% | - |
| K.O. CONSTRUCT Zandhoven | €74,963 | €14,085 | 85.2% | - |
| EnerSys Construction Léglise | €77,340 | €17,297 | 66.9% | - |
| LG SOLUTIONS Grimbergen | €74,805 | €17,930 | 81.8% | - |
| BAGNO HOME CONSTRUCT Walcourt | €81,185 | €13,418 | 56.7% | - |
These companies have the same main activity as MALISA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €65,200 and €81,200, founded between 2010 and 2014.
MALISA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €7,750 in 2012 to €15,224 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €95,000 and €330,000.
Higher than 39% of 9,462 companies in 2025.
Higher than 83% of 9,210 companies in 2025.
Higher than 60% of 9,282 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
71,745 | 29,006 | 27,863 | 100,019 | 113,547 | 72,703 | 58,960 | 63,925 | 29,907 | 30,498 | 18,392 | 29,998 | 44,847 | 28,427 | |
21/28 |
744 | 1,344 | 311 | 12,501 | 17,839 | 2,438 | 2,492 | 54 | 119 | 1,794 | 718 | 2,951 | 13,999 | 7,008 | |
22/27 |
690 | 1,290 | 257 | 12,447 | 17,785 | 2,384 | 2,438 | - | 65 | 1,740 | 664 | 2,897 | 13,945 | 6,954 | |
23 |
- | - | 173 | 741 | 1,309 | 1,877 | 1,763 | - | 65 | 129 | 317 | 544 | 2,871 | 612 | |
24 |
690 | 1,290 | 84 | 11,706 | 16,476 | 506 | 675 | - | - | 1,610 | 347 | 2,353 | 11,074 | 6,342 | |
28 |
54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | |
29/58 |
71,001 | 27,662 | 27,552 | 87,518 | 95,708 | 70,265 | 56,468 | 63,871 | 29,788 | 28,704 | 17,674 | 27,047 | 30,848 | 21,419 | |
29 |
39,542 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
39,542 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
10,000 | 10,000 | 10,000 | 24,702 | 24,702 | 24,702 | 15,176 | - | - | - | - | - | - | - | |
30/36 |
10,000 | 10,000 | 10,000 | 24,702 | 24,702 | 24,702 | 15,176 | - | - | - | - | - | - | - | |
40/41 |
21,448 | 17,662 | 16,477 | 60,661 | 67,561 | 44,748 | 31,091 | 40,366 | 27,361 | 28,181 | 16,778 | 26,718 | 26,637 | 19,939 | |
40 |
19,957 | 1,507 | 15,745 | 32,911 | 48,381 | 37,960 | 11,927 | 32,278 | 12,336 | 23,917 | 15,750 | 25,117 | 24,149 | 16,194 | |
41 |
1,491 | 16,155 | 732 | 27,750 | 19,180 | 6,788 | 19,165 | 8,089 | 15,025 | 4,264 | 1,028 | 1,600 | 2,488 | 3,745 | |
54/58 |
11 | - | 358 | 454 | 1,271 | 34 | 9,602 | 22,141 | 2,427 | 342 | 541 | 4 | 3,184 | 157 | |
490/1 |
- | - | 718 | 1,700 | 2,174 | 780 | 598 | 1,364 | - | 181 | 356 | 325 | 1,027 | 1,323 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
71,745 | 29,006 | 27,863 | 100,019 | 113,547 | 72,703 | 58,960 | 63,925 | 29,907 | 30,498 | 18,392 | 29,998 | 44,847 | 28,427 | |
10/15 |
23,795 | 15,733 | 17,863 | 2,007 | 11,162 | 37,634 | 46,618 | 41,930 | 7,884 | -7,073 | -15,724 | -15,018 | -1,870 | 6,072 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
3,335 | -4,727 | -2,597 | -18,453 | -9,298 | 17,174 | 26,158 | 21,470 | -10,716 | -25,673 | -21,924 | -21,218 | -8,070 | -128 | |
17/49 |
47,950 | 13,273 | 10,000 | 98,011 | 102,385 | 35,068 | 12,342 | 21,996 | 22,023 | 37,571 | 34,116 | 45,016 | 46,718 | 22,355 | |
17 |
30,696 | - | - | 5,614 | 11,300 | - | - | - | - | - | - | 828 | 5,035 | 3,748 | |
170/4 |
30,696 | - | - | 5,614 | 11,300 | - | - | - | - | - | - | 828 | 5,035 | 3,748 | |
42/48 |
17,254 | 13,273 | 10,000 | 92,397 | 91,085 | 35,068 | 12,342 | 21,996 | 22,023 | 37,571 | 33,961 | 44,188 | 41,682 | 18,607 | |
42 |
11,827 | 742 | 5,615 | 5,711 | 5,650 | - | - | - | - | - | 828 | 4,207 | 6,479 | 3,062 | |
43 |
- | 2,510 | - | 2,781 | - | - | - | - | - | - | - | - | 2,382 | 2,181 | |
430/8 |
- | 2,510 | - | 2,781 | - | - | - | - | - | - | - | - | 2,382 | 2,181 | |
44 |
2,240 | 6,953 | 2,014 | 78,573 | 78,500 | 20,458 | 2,411 | 13,296 | 19,666 | 22,980 | 18,890 | 20,499 | 11,126 | 12,099 | |
440/4 |
2,240 | 6,953 | 2,014 | 78,573 | 78,500 | 20,458 | 2,411 | 13,296 | 19,666 | 22,980 | 18,890 | 20,499 | 11,126 | 12,099 | |
45 |
3,188 | 3,068 | - | 654 | 2,256 | 9,931 | 9,931 | 8,700 | 2,358 | 589 | - | - | 44 | 511 | |
450/3 |
3,188 | 3,068 | - | 654 | 2,256 | 9,931 | 9,931 | 8,700 | 2,358 | 589 | - | - | 44 | 511 | |
47/48 |
- | - | 2,371 | 4,679 | 4,679 | 4,679 | - | - | - | 14,002 | 14,243 | 19,482 | 21,651 | 754 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 155 | - | - | - | |
| Income statement | |||||||||||||||
76A |
- | 16,063 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
15,224 | 235 | 20,673 | 86 | -16,134 | -7,712 | 7,327 | 46,813 | 44,077 | -797 | 4,552 | 938 | 8,927 | 7,750 | |
630 |
600 | 594 | 1,159 | 6,809 | 1,343 | 691 | 610 | 65 | 1,675 | 1,797 | 2,754 | 11,372 | 11,307 | 2,318 | |
631/4 |
1,207 | - | - | - | - | - | - | - | 26,864 | - | - | - | - | - | |
640/8 |
1,064 | 703 | 2,314 | 1,526 | 1,164 | 521 | 1,006 | 2,026 | 339 | 595 | 580 | 1,162 | 1,277 | 2,353 | |
66A |
- | - | 1,930 | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
12,354 | -1,062 | 15,270 | -8,248 | -18,641 | -8,925 | 5,711 | 44,722 | 15,200 | -3,190 | 1,217 | -11,596 | -3,657 | 3,079 | |
75/76B |
21 | - | 1,478 | 1,220 | 722 | 1,104 | 833 | 614 | - | 45 | 57 | - | 1 | 6 | |
75 |
21 | - | 1,478 | 1,220 | 722 | 1,104 | 833 | 614 | - | 45 | 57 | - | 1 | 6 | |
65/66B |
1,366 | 827 | 1,545 | 1,538 | 2,197 | 1,163 | 690 | 2,591 | 243 | 115 | 1,835 | 1,551 | 4,300 | 3,011 | |
65 |
1,366 | 827 | 1,545 | 1,538 | 2,197 | 1,163 | 690 | 2,591 | 243 | 115 | 1,835 | 1,551 | 4,300 | 3,011 | |
9903 |
11,009 | -1,889 | 15,202 | -8,567 | -20,116 | -8,983 | 5,854 | 42,746 | 14,957 | -3,260 | -561 | -13,147 | -7,956 | 74 | |
67/77 |
2,947 | 241 | -654 | 588 | 6,357 | - | 1,166 | 8,700 | - | 489 | 145 | - | -14 | 202 | |
9904 |
8,062 | -2,130 | 15,856 | -9,155 | -26,472 | -8,983 | 4,688 | 34,046 | 14,957 | -3,750 | -706 | -13,147 | -7,942 | -128 | |
9905 |
8,062 | -2,130 | 15,856 | -9,155 | -26,472 | -8,983 | 4,688 | 34,046 | 14,957 | -3,750 | -706 | -13,147 | -7,942 | -128 | |
| Appropriation of the result | |||||||||||||||
9906 |
3,335 | -4,727 | -2,597 | -18,453 | -9,298 | 17,174 | 26,158 | 23,330 | -10,716 | -25,673 | -21,924 | -21,218 | -8,070 | -128 | |
14P |
-4,727 | -2,597 | -18,453 | -9,298 | 17,174 | 26,158 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489837.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00489837 | |
| 31-12-2024 | micro format | 08-04-2026 | 2026-00075451 | |
| 31-12-2023 | micro format | 25-03-2025 | 2025-00055187 | |
| 31-12-2022 | micro format | 29-11-2023 | 2023-00521610 | |
| 31-12-2021 | micro format | 18-10-2022 | 2022-20464645 | |
| 31-12-2020 | micro format | 14-04-2022 | 2022-20006899 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-68200357 | |
| 31-12-2018 | micro format | 23-12-2019 | 2019-77400595 | |
| 31-12-2017 | micro format | 19-11-2018 | 2018-72400321 | |
| 31-12-2016 | micro format | 31-10-2017 | 2017-69200073 | |
| 31-12-2015 | full format | 18-10-2016 | 2016-66100087 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-46000594 | |
| 31-12-2013 | full format | 22-08-2014 | 2014-46300444 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-54100346 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,954 | -468 | 16,428 | -1,439 | -17,298 | -8,234 | 6,321 | 44,787 | 16,875 | -1,393 | 3,972 | -224 | 7,650 | 5,397 | ||
| 8,662 | -1,536 | 17,014 | -2,346 | -25,129 | -8,292 | 5,298 | 34,111 | 16,632 | -1,952 | 2,048 | -1,776 | 3,364 | 2,190 | ||
| 0 | 1,800 | -11,031 | 1,471 | 16,744 | 637 | 3,048 | 0 | 0 | 2,873 | 521 | 324 | 18,298 | 9,326 | ||
| - | - | -97 | -816 | 1,236 | -9,567 | -12,540 | 19,714 | 2,086 | -199 | 536 | -3,179 | 3,027 | - | ||
| 53,747 | 14,389 | 17,552 | -4,880 | 4,623 | 35,197 | 44,125 | 41,876 | 7,765 | -8,867 | -16,287 | -17,141 | -10,834 | 2,812 | ||
| 33.2% | 54.2% | 64.1% | 2.0% | 9.8% | 51.8% | 79.1% | 65.6% | 26.4% | -23.2% | -85.5% | -50.1% | -4.2% | 21.4% | ||
| 4.12 | 2.08 | 2.76 | 0.95 | 1.05 | 2.00 | 4.58 | 2.90 | 1.35 | 0.76 | 0.52 | 0.61 | 0.74 | 1.15 | ||
| 3.54 | 1.33 | 1.76 | 0.68 | 0.78 | 1.30 | 3.35 | 2.90 | 1.35 | 0.76 | 0.52 | 0.61 | 0.74 | 1.15 | ||
| 2.02 | 0.84 | 0.56 | 48.82 | 9.17 | 0.93 | 0.26 | 0.52 | 2.79 | - | - | - | - | 3.68 | ||
| 33.9% | -13.5% | 88.8% | -456.0% | -237.2% | -23.9% | 10.1% | 81.2% | 189.7% | - | - | - | - | -2.1% | ||
| 11.2% | -7.3% | 56.9% | -9.2% | -23.3% | -12.4% | 8.0% | 53.3% | 50.0% | -12.3% | -3.8% | -43.8% | -17.7% | -0.5% | ||
| 9.48 | -0.57 | 10.63 | -0.94 | -7.87 | -7.08 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,800 | - | €1,471 | €16,744 |
| €600 | €594 | €1,159 | €6,809 | €1,343 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €12,354, after a loss of €1,062 in 2024.
Debt's share of the balance-sheet total rises from 45.8% to 66.8%. Equity and debt are higher.
MALISA CONSTRUCT has no parent and no holdings in its annual accounts.
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Avenue Jean Monnet 1 registered office 1401 Nivelles | ||
| Establishment unit | 01-09-2011 | 2.202.533.270 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92135G0330/00E000 | 1,086 m² | 1 · 121 m² | 8.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0838.692.880
If something looks wrong or is missing, please tell us.