MALLOWS
ActiveSummary
MALLOWS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340,838 and a net result of -€300,975. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-7
Solvency41▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 0.84 in 2024; short-term debt: 32.1% and cash: 3% of total assets), and 84.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€300,975
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
133 d early
2023
99 d early
2022
143 d early
2021
31 d early
2020
16 d early
2019
31 d late
← 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 58 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 24 April (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Zwevegem, Manufacturing sector
Equity
€340,838▼ 46.9%
2024 · €641,813
Total assets
€2.2m▲ 7.1%
2024 · €2.0m
Net result
-€300,975▼ 70.1%
2024 · -€176,934
Working capital
€40,596
2024 · -€94,756
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67,528▲ 49.3%€12,987▼ 80.8%-€260,293-€159,170▲ 38.8%-€264,891▼ 66.4%
Net result€56,985within the sector's middle half▲ 52.3%€2,543below the sector's middle half▼ 95.5%-€262,280below the sector's middle half-€176,934below the sector's middle half▲ 32.5%-€300,975below the sector's middle half▼ 70.1%
Equity€78,483below the sector's middle half▲ 265%€81,027below the sector's middle half▲ 3.2%€818,747within the sector's middle half▲ 910%€641,813within the sector's middle half▼ 21.6%€340,838within the sector's middle half▼ 46.9%
Total assets€420,942below the sector's middle half▲ 2.7%€474,184below the sector's middle half▲ 12.6%€2.9mabove the sector's middle half▲ 506%€2.0mwithin the sector's middle half▼ 30.0%€2.2mabove the sector's middle half▲ 7.1%
Debt€342,459▼ 11.8%€393,157▲ 14.8%€2.1m▲ 422%€1.4m▼ 33.4%€1.8m▲ 32.5%
Working capital€98,783within the sector's middle half▲ 25.0%€79,546within the sector's middle half▼ 19.5%€927,290above the sector's middle half▲ 1,066%-€94,756below the sector's middle half€40,596within the sector's middle half
Solvency18.6%within the sector's middle half▲ 13.4pp17.1%within the sector's middle half▼ 1.6pp28.5%within the sector's middle half▲ 11.4pp31.9%within the sector's middle half▲ 3.4pp15.8%within the sector's middle half▼ 16.1pp
Current ratio1.55within the sector's middle half▲ 0.121.42within the sector's middle half▼ 0.132.69above the sector's middle half▲ 1.270.84below the sector's middle half▼ 1.851.06within the sector's middle half▲ 0.22
Return on assets (ROA)13.5%above the sector's middle half▲ 4.4pp0.5%within the sector's middle half▼ 13.0pp-9.1%below the sector's middle half▼ 9.7pp-8.8%below the sector's middle half▲ 0.3pp-14.0%below the sector's middle half▼ 5.2pp
Staff (FTE)4.7within the sector's middle half=5.5within the sector's middle half▲ 17.0%5.9within the sector's middle half▲ 7.3%6.6within the sector's middle half▲ 11.9%10.2within the sector's middle half▲ 54.5%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €264,891 in 2025 against €159,170 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.4m ▼ 6.0%
Current assets
€731,180 ▲ 46.7%
Equity and liabilities €2.2m
Equity
€340,838 ▼ 46.9%
Debt
€1.8m ▲ 32.5%
Debt's share of the balance-sheet total rises from 68.1% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€94,095▼
2024 · €842
Cash flow
-€130,178▼
2024 · -€16,922
Quick ratio
0.69▲
2024 · 0.47
Debt to equity
5.31▲
2024 · 2.13
ROE
-88.3%▼
2024 · -27.6%
Interest coverage
-2.64▼
2024 · 0.04
Debt ≤ 1 year
€690,585▲
2024 · €593,074
Debt > 1 year
€1.1m▲
2024 · €761,339
Income taxes
€612▲
2024 · €556
Staff costs
€572,607▲
2024 · €361,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 309 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 309 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,949 | €6,120 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €262,976 | €326,283 | €332,094 | €361,150 | €572,607 | ▲ 58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,282 | €36,380 | €79,978 | €160,012 | €170,796 | ▲ 6.7% |
| Other operating charges640/8 | €4,255 | €2,540 | €704 | €14,630 | €19,124 | ▲ 30.7% |
| Non-recurring operating charges66A | - | €7,000 | €34,145 | €6,838 | €0 | ▼ 100% |
| Gross operating margin9900 | €366,041 | €385,190 | €186,628 | €383,459 | €497,637 | ▲ 29.8% |
| Operating profit (loss)9901 | €67,528 | €12,987 | -€260,293 | -€159,170 | -€264,891 | ▼ 66.4% |
| Financial income75/76B | €3,230 | €2,215 | €5,565 | €4,417 | €156 | ▼ 96.5% |
| Recurring financial income75 | €3,230 | €2,215 | €5,565 | €4,417 | €156 | ▼ 96.5% |
| Financial charges65/66B | €11,461 | €12,659 | €7,552 | €21,624 | €35,627 | ▲ 64.8% |
| Recurring financial charges65 | €11,461 | €12,659 | €7,552 | €21,624 | €35,627 | ▲ 64.8% |
| Profit (loss) for the period before taxes9903 | €59,298 | €2,543 | -€262,280 | -€176,378 | -€300,362 | ▼ 70.3% |
| Income taxes67/77 | €2,313 | €0 | - | €556 | €612 | ▲ 10.2% |
| Profit (loss) for the period9904 | €56,985 | €2,543 | -€262,280 | -€176,934 | -€300,975 | ▼ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €56,985 | €2,543 | -€262,280 | -€176,934 | -€300,975 | ▼ 70.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €420,942 | €474,184 | €2.9m | €2.0m | €2.2m | ▲ 7.1% |
| Fixed assets21/28 | €142,082 | €204,827 | €1.4m | €1.5m | €1.4m | ▼ 6.0% |
| Intangible fixed assets21 | €404 | €3,428 | €2,628 | €14,693 | €16,174 | ▲ 10.1% |
| Tangible fixed assets22/27 | €141,678 | €201,399 | €1.4m | €1.5m | €1.4m | ▼ 6.1% |
| Plant, machinery and equipment23 | €110,981 | €122,756 | €875,631 | €856,593 | €791,439 | ▼ 7.6% |
| Furniture and vehicles24 | €23,889 | €16,903 | €34,732 | €39,427 | €31,489 | ▼ 20.1% |
| Leasing and similar rights25 | - | €33,855 | €26,112 | €122,018 | €108,518 | ▼ 11.1% |
| Other tangible fixed assets26 | €6,808 | €27,885 | €456,386 | €478,096 | €473,225 | ▼ 1.0% |
| Current assets29/58 | €278,860 | €269,356 | €1.5m | €498,319 | €731,180 | ▲ 46.7% |
| Stocks and contracts in progress3 | €84,694 | €149,787 | €152,980 | €219,007 | €257,079 | ▲ 17.4% |
| Stocks30/36 | €84,694 | €149,787 | €152,980 | €219,007 | €257,079 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €188,833 | €80,636 | €297,775 | €215,095 | €402,437 | ▲ 87.1% |
| Trade receivables40 | €73,197 | €40,601 | €259,668 | €168,715 | €287,296 | ▲ 70.3% |
| Other amounts receivable41 | €115,636 | €40,035 | €38,108 | €46,380 | €115,142 | ▲ 148% |
| Cash at bank and in hand54/58 | €1 | €33,889 | €1.0m | €53,690 | €64,263 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €5,331 | €5,044 | €3,867 | €10,526 | €7,401 | ▼ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €420,942 | €474,184 | €2.9m | €2.0m | €2.2m | ▲ 7.1% |
| Equity10/15 | €78,483 | €81,027 | €818,747 | €641,813 | €340,838 | ▼ 46.9% |
| Contributions10/11 | €37,184 | €37,184 | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €41,299 | €43,843 | €43,843 | €43,843 | €43,843 | = |
| Non-distributable reserves130/1 | €3,718 | €3,718 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,718 | €3,718 | €0 | - | - | - |
| Distributable reserves133 | €37,581 | €40,124 | €43,843 | €43,843 | €43,843 | = |
| Profit (loss) carried forward14 | €0 | - | -€262,280 | -€439,214 | -€740,188 | ▼ 68.5% |
| Amounts payable17/49 | €342,459 | €393,157 | €2.1m | €1.4m | €1.8m | ▲ 32.5% |
| Amounts payable after more than one year17 | €159,983 | €201,331 | €1.5m | €761,339 | €1.1m | ▲ 47.2% |
| Financial debts170/4 | €51,371 | €111,291 | €69,033 | €531,548 | €395,521 | ▼ 25.6% |
| Other amounts payable178/9 | €108,611 | €90,040 | €1.4m | €229,791 | €725,081 | ▲ 216% |
| Amounts payable within one year42/48 | €180,077 | €189,811 | €548,949 | €593,074 | €690,585 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | €33,804 | €40,657 | €34,853 | €135,950 | €136,027 | ▲ 0.1% |
| Financial debts43 | €17,956 | €0 | - | €218,000 | €250,000 | ▲ 14.7% |
| Credit institutions430/8 | €17,956 | €0 | - | - | - | - |
| Other loans439 | - | - | - | €218,000 | €250,000 | ▲ 14.7% |
| Trade debts44 | €72,512 | €123,020 | €137,502 | €211,002 | €223,103 | ▲ 5.7% |
| Suppliers440/4 | €72,512 | €111,387 | €137,502 | €211,002 | €223,103 | ▲ 5.7% |
| Bills of exchange payable441 | - | €11,632 | €0 | - | - | - |
| Advances received on contracts in progress46 | €0 | - | - | - | €768 | - |
| Taxes, remuneration and social security45 | €48,166 | €26,134 | €6,643 | €28,003 | €80,687 | ▲ 188% |
| Taxes450/3 | €17,237 | €10,192 | €6,440 | €556 | €22,022 | ▲ 3,862% |
| Remuneration and social security454/9 | €30,928 | €15,942 | €203 | €27,447 | €58,665 | ▲ 114% |
| Other amounts payable47/48 | €7,639 | €0 | €369,951 | €118 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2,399 | €2,015 | €0 | €12,918 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,985 | €2,543 | -€262,280 | -€176,934 | -€300,975 | ▼ 70.1% |
| + Depreciation and write-downs630 | €31,282 | €36,380 | €79,978 | €160,012 | €170,796 | ▲ 6.7% |
| Operating cash flow (approximation) | €88,267 | €38,923 | -€182,302 | -€16,922 | -€130,178 | ▼ 669% |
| Investment in fixed assets (approximation) | - | -€99,125 | -€1.3m | -€275,348 | -€80,815 | ▲ 70.6% |
| Change in cash | - | €33,888 | €987,727 | -€967,926 | €10,573 | ▲ 101% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€300,975
Net result drops to -€300,975, the lowest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €818,747 ▲910%
Equity rises from €81,027 to €818,747.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €56,985 ▲52.3%
Operating result €67,528, net result €56,985, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €37,405
Net result €37,405 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zwevegem · 1 establishment unit since 2001
Ground area
7,823 m²
Building footprint
1,856 m²
Volume, LiDAR
10,873 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mallows
since 20012.033.316.968
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34034C0955/00P000 | Flanders | 5,160 m² | 1 · 332 m² | 8.8 m · 2 fl. |
| 36505A0185/00W000 | Flanders | 2,664 m² | 1 · 1,523 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,103 EUR awarded · 1,104 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 458 EUR |
| 2024 | 1 | 786 EUR | 646 EUR |
| 2023 | 1 | 317 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.033.316.968
Similar companies · same sector, comparable size
Depla Chocolatier
BE 0603.992.175
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BE 0418.901.428
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CHOCOLATES & HAPPINESS
BE 0801.556.035
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La Vie en Chocolat
BE 0847.457.326
Heuvelland · Eq €326,125
SJOLAA
BE 0521.820.309
Mechelen · Eq €325,976
Of 728 companies in sector 10820 we hold annual accounts for 354. 239 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
Founded16-02-1987
Fiscal year end31-12
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
47279Other retail sale of food
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430510249
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.