MALITHO
ActiveSummary
MALITHO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €884k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+40
Solvency50▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 13.01 against 8.2 in 2024; short-term debt: 7.2% and cash: 3.5% of total assets), but 75.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
24.8%
Return on assets
14.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
2 d early
2022
on the day
2021
33 d early
2019
15 d early
2018
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.51M▲ 47.0%
2024 · €1.03M
2018: €397k
2019: €371k
2021: €1.62M
2022: €1.64M
2023: €1.61M
2024: €1.03M
2018 → 2025
Total assets
€6.10M▼ 1.1%
2024 · €6.17M
2018: €1.59M
2019: €1.58M
2021: €2.10M
2022: €6.45M
2023: €6.16M
2024: €6.17M
2018 → 2025
Net result
€884k
2024 · €-75k
2018: €-26k
2019: €-26k
2021: €1.26M
2022: €22k
2023: €-36k
2024: €-75k
2018 → 2025
Working capital
€5.31M▲ 3.5%
2024 · €5.12M
2018: €-696k
2019: €-696k
2021: €1.48M
2022: €5.41M
2023: €5.44M
2024: €5.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.62M-€1.64M▲ 1.3%€1.61M▼ 2.2%€1.03M▼ 35.8%€1.51M▲ 47.0%
Operating result€1.71M-€17k▼ 99.0%€78k▲ 372%€37k▼ 52.3%€134k▲ 260%
Net result€1.26M-€22k▼ 98.3%€-36k€-75k▼ 106%€884k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 260% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.10M
Fixed assets
€355k ▲ 6.5%
Current assets
€5.75M ▼ 1.5%
Equity and liabilities €6.10M
Equity
€1.51M ▲ 47.0%
Debt
€4.59M ▼ 10.7%
Debt's share of the balance-sheet total falls from 83.3% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
13.01▲
2024 · 8.20
Quick ratio
2.66▲
2024 · 0.82
Debt to equity
3.03▼
2024 · 4.99
ROE
58.4%▲
2024 · -7.3%
ROA
14.5%▲
2024 · -1.2%
Debt ≤ 1 year
€442k▼
2024 · €711k
Debt > 1 year
€4.15M▼
2024 · €4.40M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.17M€6.10M▼
Fixed assets21/28€334k€355k▲
Financial fixed assets28€334k€355k▲
Current assets29/58€5.84M€5.75M▼
Amounts receivable after more than one year29€438k€282k▼
Other amounts receivable291€438k€282k▼
Stocks and contracts in progress3€5.25M€4.57M▼
Stocks30/36€5.25M€4.57M▼
Amounts receivable within one year40/41€92k€680k▲
Trade receivables40€18k-
Other amounts receivable41€74k€680k▲
Cash at bank and in hand54/58€37k€213k▲
Deferred charges and accrued income490/1€18k€2k▼
Equity and liabilities
Total equity and liabilities10/49€6.17M€6.10M▼
Equity10/15€1.03M€1.51M▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Reserves not available under the articles1311€43€43=
Profit (loss) carried forward14€700k€1.18M▲
Amounts payable17/49€5.14M€4.59M▼
Amounts payable after more than one year17€4.40M€4.15M▼
Financial debts170/4€4.40M€4.15M▼
Amounts payable within one year42/48€711k€442k▼
Financial debts43-€350k
Credit institutions430/8-€350k
Trade debts44€131k€7k▼
Suppliers440/4€131k€7k▼
Advances received on contracts in progress46-€85k
Taxes, remuneration and social security45€617€9▼
Taxes450/3€617€9▼
Other amounts payable47/48€580k-
Accrued charges and deferred income492/3€31k-
Income statement
Code20242025
Other operating charges640/8€13k€6k▼
Gross operating margin9900€50k€140k▲
Operating profit (loss)9901€37k€134k▲
Financial income75/76B€18k€867k▲
Recurring financial income75€18k€361k▲
Non-recurring financial income76B-€506k
Financial charges65/66B€130k€117k▼
Recurring financial charges65€130k€117k▼
Profit (loss) for the period before taxes9903€-75k€884k▲
Profit (loss) for the period9904€-75k€884k▲
Profit (loss) for the period to be appropriated9905€-75k€884k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.20M€1.58M▲
Profit (loss) brought forward from the previous period14P€1.28M€700k▼
Profit to be distributed694/7€500k€400k▼
Return on contributions (dividend)694€500k€400k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €884k
Net result €884k after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity doublescurrent ratio 9.21
Current ratio from 4.11 to 9.21.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €1.26M
Net result €1.26M after 2 loss-making years.
30-09
Financial
Liquidity times 44current ratio 4.11
Current ratio from 0.09 to 4.11; short-term debt falls from €768k to €476k.
30-09
Financial
Equity above €1MEq €1.62M ▲337%
Equity rises from €371k to €1.62M.
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 1993
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.
Oudenaardsesteenweg 429000 GentGround area
618 m²
Building footprint
206 m²
Volume, LiDAR
1,661 m³
Parcel 44809I0539/00N003, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Oudenaardsesteenweg 42, 9000 Gent
since 19932.062.588.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0539/00N003 | Flanders | 618 m² | 1 · 206 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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HELSEN
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WEST INVEST
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IMMO ROMA
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,563 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-05-1993
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.