MALIXÉE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-07-2026 at the NBB all 5 filings
Turnover
≈ €210,000
Estimated: probably between €170,000 and €260,000
Total assets
€717,079▲ 0.5%
2024 · €713,774
Net result
€41,426▼ 44.0%
2024 · €74,038
Working capital
-€19,582▲ 38.8%
2024 · -€31,990
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€100,488
▼ 8.0%
2025
20212025
Net result
€41,426
▼ 44.0%
2025
middle half of the sector
20212025
Equity
€311,759
▲ 15.3%
2025
highest quarter of the sector
20212025
Total assets
€717,079
▲ 0.5%
2025
highest quarter of the sector
20212025
Debt
€405,320
▼ 8.6%
2025
20212025
Working capital
-€19,582
▲ 38.8%
2025
lowest quarter of the sector
20212025
Solvency
43.5%
▲ 5.6pp
2025
middle half of the sector
20212025
Current ratio
0.80
▲ 0.10
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
5.8%
▼ 4.6pp
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,373-€92,655▲ 39.6%€126,187▲ 36.2%€109,238▼ 13.4%€100,488▼ 8.0%
Net result€52,764within the sector's middle half-€58,690within the sector's middle half▲ 11.2%€82,841above the sector's middle half▲ 41.2%€74,038within the sector's middle half▼ 10.6%€41,426within the sector's middle half▼ 44.0%
Equity€54,764within the sector's middle half-€113,454within the sector's middle half▲ 107%€196,295within the sector's middle half▲ 73.0%€270,333above the sector's middle half▲ 37.7%€311,759above the sector's middle half▲ 15.3%
Total assets€522,267above the sector's middle half-€534,668above the sector's middle half▲ 2.4%€549,052above the sector's middle half▲ 2.7%€713,774above the sector's middle half▲ 30.0%€717,079above the sector's middle half▲ 0.5%
Debt€467,503-€421,215▼ 9.9%€352,757▼ 16.3%€443,441▲ 25.7%€405,320▼ 8.6%
Working capital-€83,303below the sector's middle half--€94,621below the sector's middle half▼ 13.6%-€56,654below the sector's middle half▲ 40.1%-€31,990below the sector's middle half▲ 43.5%-€19,582below the sector's middle half▲ 38.8%
Solvency10.5%below the sector's middle half-21.2%below the sector's middle half▲ 10.7pp35.8%within the sector's middle half▲ 14.5pp37.9%within the sector's middle half▲ 2.1pp43.5%within the sector's middle half▲ 5.6pp
Current ratio0.33below the sector's middle half-0.24below the sector's middle half▼ 0.080.49below the sector's middle half▲ 0.240.70below the sector's middle half▲ 0.210.80below the sector's middle half▲ 0.10
Return on assets (ROA)10.1%within the sector's middle half-11.0%within the sector's middle half▲ 0.9pp15.1%within the sector's middle half▲ 4.1pp10.4%within the sector's middle half▼ 4.7pp5.8%below the sector's middle half▼ 4.6pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 8% lower than in 2024. It is the second fall in a row.
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 €717,079
Fixed assets
€638,674 ▼ 0.2%
Current assets
€78,405 ▲ 5.9%
Equity and liabilities €717,079
Equity
€311,759 ▲ 15.3%
Debt
€405,320 ▼ 8.6%
Debt's share of the balance-sheet total falls from 62.1% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110,235▼
2024 · €118,116
Cash flow
€51,173▼
2024 · €82,915
Debt to equity
1.30▼
2024 · 1.64
ROE
13.3%▼
2024 · 27.4%
Interest coverage
2.71▼
2024 · 15.03
Debt ≤ 1 year
€97,987▼
2024 · €105,998
Debt > 1 year
€307,333▼
2024 · €337,443
Income taxes
€18,373▼
2024 · €27,341
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €219,579 | €29,530 | - | €9,453 | €8,655 |
| Financial fixed assets | €266,000 | - | - | €144,000 | €0 |
| Depreciation and write-downs of the year | €3,555 | €7,567 | €8,796 | €8,877 | €9,747 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €2,517 awarded · €2,517 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,420 | €2,420 |
| 2022 | 1 | €97 | €97 |
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,555 | €7,567 | €8,796 | €8,877 | €9,747 | ▲ 9.8% |
| Other operating charges640/8 | €2,129 | €1,574 | €1,827 | €1,454 | €1,061 | ▼ 27.0% |
| Gross operating margin9900 | €72,058 | €101,797 | €136,809 | €119,570 | €111,296 | ▼ 6.9% |
| Operating profit (loss)9901 | €66,373 | €92,655 | €126,187 | €109,238 | €100,488 | ▼ 8.0% |
| Financial income75/76B | €3 | €1 | €61 | €0 | - | - |
| Recurring financial income75 | €3 | €1 | €61 | €0 | - | - |
| Financial charges65/66B | €6,954 | €12,580 | €13,647 | €7,860 | €40,689 | ▲ 418% |
| Recurring financial charges65 | €6,954 | €12,580 | €13,647 | €7,860 | €40,689 | ▲ 418% |
| Profit (loss) for the period before taxes9903 | €59,422 | €80,076 | €112,601 | €101,378 | €59,799 | ▼ 41.0% |
| Income taxes67/77 | €6,658 | €21,386 | €29,760 | €27,341 | €18,373 | ▼ 32.8% |
| Profit (loss) for the period9904 | €52,764 | €58,690 | €82,841 | €74,038 | €41,426 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €52,764 | €58,690 | €82,841 | €74,038 | €41,426 | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €522,267 | €534,668 | €549,052 | €713,774 | €717,079 | ▲ 0.5% |
| Fixed assets21/28 | €482,024 | €503,987 | €495,190 | €639,766 | €638,674 | ▼ 0.2% |
| Tangible fixed assets22/27 | €216,024 | €237,987 | €229,190 | €229,766 | €228,674 | ▼ 0.5% |
| Land and buildings22 | €213,298 | €217,215 | €212,082 | €206,949 | €201,816 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €14,599 | €12,938 | €15,018 | €14,874 | ▼ 1.0% |
| Furniture and vehicles24 | €2,726 | €6,173 | €4,171 | €7,799 | €11,984 | ▲ 53.7% |
| Financial fixed assets28 | €266,000 | €266,000 | €266,000 | €410,000 | €410,000 | = |
| Current assets29/58 | €40,243 | €30,682 | €53,861 | €74,008 | €78,405 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €22,791 | €12,105 | €41,761 | €38,135 | €60,296 | ▲ 58.1% |
| Trade receivables40 | €22,686 | €12,000 | €34,965 | €22,990 | €53,483 | ▲ 133% |
| Other amounts receivable41 | €105 | €105 | €6,796 | €15,145 | €6,814 | ▼ 55.0% |
| Cash at bank and in hand54/58 | €17,452 | €18,577 | €10,733 | €34,933 | €17,169 | ▼ 50.9% |
| Deferred charges and accrued income490/1 | - | - | €1,367 | €940 | €940 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €522,267 | €534,668 | €549,052 | €713,774 | €717,079 | ▲ 0.5% |
| Equity10/15 | €54,764 | €113,454 | €196,295 | €270,333 | €311,759 | ▲ 15.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €52,764 | €111,454 | €194,295 | €268,333 | €309,759 | ▲ 15.4% |
| Distributable reserves133 | €52,764 | €111,454 | €194,295 | €268,333 | €309,759 | ▲ 15.4% |
| Amounts payable17/49 | €467,503 | €421,215 | €352,757 | €443,441 | €405,320 | ▼ 8.6% |
| Amounts payable after more than one year17 | €343,957 | €295,911 | €242,242 | €337,443 | €307,333 | ▼ 8.9% |
| Financial debts170/4 | €343,957 | €295,911 | €242,242 | €337,443 | €307,333 | ▼ 8.9% |
| Amounts payable within one year42/48 | €123,546 | €125,303 | €110,515 | €105,998 | €97,987 | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | €45,599 | €47,152 | €53,023 | €61,378 | €60,408 | ▼ 1.6% |
| Trade debts44 | €7,045 | €3,407 | €2,562 | €7,995 | €20,690 | ▲ 159% |
| Suppliers440/4 | €7,045 | €3,407 | €2,562 | €7,995 | €20,690 | ▲ 159% |
| Taxes, remuneration and social security45 | €11,609 | €39,712 | €54,931 | €34,980 | €16,889 | ▼ 51.7% |
| Taxes450/3 | €11,609 | €39,712 | €54,931 | €34,980 | €16,889 | ▼ 51.7% |
| Other amounts payable47/48 | €59,293 | €35,032 | €0 | €1,645 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,764 | €58,690 | €82,841 | €74,038 | €41,426 | ▼ 44.0% |
| + Depreciation and write-downs630 | €3,555 | €7,567 | €8,796 | €8,877 | €9,747 | ▲ 9.8% |
| Operating cash flow (approximation) | €56,319 | €66,257 | €91,637 | €82,915 | €51,173 | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | -€29,530 | €0 | -€153,453 | -€8,655 | ▲ 94.4% |
| Change in cash | - | €1,125 | -€7,844 | €24,200 | -€17,764 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-07-2026 | 2026-00332153 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00316915 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00424978 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00410669 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372990 |