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Malkoc Distribution

Active
Private limited company (pre-2019)founded 199234 yrs activeRue de la Collectivité 41, 4420 Saint-Nicolas, BelgiumKBO/BCE: BE 0446.630.461
Summary

Malkoc Distribution has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€76,597) and a net result of -€549. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 5% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
#3 oldest company in Saint-Nicolas, Professional and technical services sector1 site
How big
€950total assets 2025
Equity
-€76,597
Loss
-€549
Turnover not published (abridged schema)
Financially healthy?
31 Weak Checked score 2025
Bankruptcy chance 12 m
0.3%
Who decides
Accounts filed 31 d late0 of 2 deeds read
Why 31- Annual accounts: weaker financial profile- Higher-failure-rate region- Negative equity+ Lower-failure-rate sector+ Long track recordFiled after the deadlineShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€76,597
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 filings
Deviation from the deadline
2025
31 d late
2024
52 d early
2023
96 d late
2022
31 d late
2021
29 d late
2020
16 d late
2019
8 d 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 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 31 August (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€716

Financials

Fiscal year 2025Total assets €950Loss -€549Solvency -8062.8%Liquidity 0.01
Total assets
€950=
2018 - 2025
Net result
-€549▲ 23.3%
2018 - 2025
Equity
-€76,597▼ 0.7%
2018 - 2025
Solvency
-8062.8%▼ 57.8pp
2018 - 2025

Financials · fiscal year 2025, micro schema

Trend over the years8 fiscal years
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€494▼ 2.9%-€503▼ 1.8%-€532▼ 5.8%-€716▼ 34.6%-€549▲ 23.3%
Net result-€516below the sector's middle half▼ 2.2%-€503below the sector's middle half▲ 2.5%-€532below the sector's middle half▼ 5.8%-€716below the sector's middle half▼ 34.6%-€549below the sector's middle half▲ 23.3%
Equity-€74,297below the sector's middle half▼ 0.7%-€74,800below the sector's middle half▼ 0.7%-€75,332below the sector's middle half▼ 0.7%-€76,048below the sector's middle half▼ 1.0%-€76,597below the sector's middle half▼ 0.7%
Total assets€953below the sector's middle half▼ 2.3%€953below the sector's middle half=€950below the sector's middle half▼ 0.3%€950below the sector's middle half=€950below the sector's middle half=
Debt€75,250▲ 0.7%€75,753▲ 0.7%€76,282▲ 0.7%€76,998▲ 0.9%€77,547▲ 0.7%
Working capital-€74,297below the sector's middle half▼ 0.7%-€74,800below the sector's middle half▼ 0.7%-€75,332below the sector's middle half▼ 0.7%-€76,048below the sector's middle half▼ 1.0%-€76,597below the sector's middle half▼ 0.7%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year2025
Result per fiscal year
Operating resultNet result
-€800-€600-€400-€200€0Operating result 2021: -€494-€494Net result 2021: -€516-€516Operating result 2022: -€503-€503Net result 2022: -€503-€503Operating result 2023: -€532-€532Net result 2023: -€532-€532Operating result 2024: -€716-€716Net result 2024: -€716-€716Operating result 2025: -€549-€549Net result 2025: -€549-€54920212022202320242025-€800-€600-€400-€200€0Operating result 2023: -€532-€532Net result 2023: -€532-€532Operating result 2024: -€716-€716Net result 2024: -€716-€716Operating result 2025: -€549-€549Net result 2025: -€549-€549202320242025
The operating result stays negative: a loss of €549 in 2025 against €716 in 2024; the loss shrinks.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€77,547▲
2024 · €76,998
Ratios withheld: a balance sheet total of €950 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.5% went bankrupt
10.0% stopped otherwise
84% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 18 lines
Balance sheet Code20242025
Assets
Total assets20/58€950€950=
Current assets29/58€950€950=
Amounts receivable within one year40/41€950€950=
Trade receivables40€950€950=
Equity and liabilities
Total equity and liabilities10/49€950€950=
Equity10/15-€76,048-€76,597▼
Contributions10/11€18,592€18,592=
Profit (loss) carried forward14-€94,640-€95,189▼
Amounts payable17/49€76,998€77,547▲
Amounts payable within one year42/48€76,998€77,547▲
Other amounts payable47/48€76,998€77,547▲
Income statement Code20242025
Gross operating margin9900-€716-€549▲
Operating profit (loss)9901-€716-€549▲
Profit (loss) for the period before taxes9903-€716-€549▲
Profit (loss) for the period9904-€716-€549▲
Profit (loss) for the period to be appropriated9905-€716-€549▲
Appropriation of the result
Profit (loss) to be appropriated9906-€94,640-€95,189▼
Profit (loss) brought forward from the previous period14P-€93,924-€94,640▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Gross operating margin9900-€494-€503-€532-€716-€549▲ 23.3%
Operating profit (loss)9901-€494-€503-€532-€716-€549▲ 23.3%
Financial charges65/66B€22-----
Recurring financial charges65€22-----
Profit (loss) for the period before taxes9903-€516-€503-€532-€716-€549▲ 23.3%
Profit (loss) for the period9904-€516-€503-€532-€716-€549▲ 23.3%
Profit (loss) for the period to be appropriated9905-€516-€503-€532-€716-€549▲ 23.3%
Line20212022202320242025Change
Assets
Total assets20/58€953€953€950€950€950=
Current assets29/58€953€953€950€950€950=
Amounts receivable within one year40/41€950€950€950€950€950=
Trade receivables40€950€950€950€950€950=
Cash at bank and in hand54/58€3€3----
Equity and liabilities
Total equity and liabilities10/49€953€953€950€950€950=
Equity10/15-€74,297-€74,800-€75,332-€76,048-€76,597▼ 0.7%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Profit (loss) carried forward14-€92,889-€93,392-€93,924-€94,640-€95,189▼ 0.6%
Amounts payable17/49€75,250€75,753€76,282€76,998€77,547▲ 0.7%
Amounts payable within one year42/48€75,250€75,753€76,282€76,998€77,547▲ 0.7%
Other amounts payable47/48€75,250€75,753€76,282€76,998€77,547▲ 0.7%
Line20212022202320242025Change
Profit (loss) for the period9904-€516-€503-€532-€716-€549▲ 23.3%
Operating cash flow (approximation)-€516-€503-€532-€716-€549▲ 23.3%
Change in cash-€0----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Comparable companies5

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,687 companies in this sector we hold annual accounts for 52,635. See the whole sector

Timeline

11 eventsLatest 31-08-2026Next filing 31-07-2027

History

On 25 February 1992, Malkoc Distribution was incorporated.1 The company has filed 29 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
09-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€716
Net result drops to -€716, the lowest in the series; recovery starts the following year.
04-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
16-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
23-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
17-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Company details

Private limited company (pre-2019) · founded 25-02-1992Year ends 31-12Peppol not found1 site

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded25-02-1992
Fiscal year end31-12
Abbreviation FR Maldis
Activities, NACEBEL 2025
70200Business and other management consultancy
74301Translation services
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Saint-Nicolas · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
379 m²
Building footprint
78 m²
Volume, LiDAR
769 m³
Parcel 62073B0905/00B003, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASTER BUREAU CONSEIL - BUSINESS and Events up - ELIF Immobilière et Financière MALKOC MANAGEMENT - MALKOC & PARTNERS BUREAU D'EXPERTISES IMMOBILIERES
Rue de la Collectivité 41, 4420 Saint-NicolasNACE 52112
since 1992unit no. 2.058.874.488
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62073B0905/00B003 Wallonia 379 m² 1 · 78 m² 11.1 m · 3 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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