Financials
- Fiscal year
- 2025
- Turnover
- €28.9m
- Profit
- €2.1m
- Solvency
- 65.9%
Turnover▼ 8.1%
Net result
20202025
MALMAR GROUP
ActiveSummary
MALMAR GROUP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €2.1m. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Machining of metals
NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25620
1 site
Size
€28.9mturnover 2025
- Equity
- €3.5m
- Profit
- €2.1m
Structure
- Largest shareholder
- BOULIE · 50%
- Board
- 2 members
- Holdings
- 5
Accounts filed 31 d late1 of 2 deeds read
Why 65- Liquidity: current ratio 1.99, cash €5,622- Latest accounts 31 days late; 3 of the last 3 late- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Size: turnover €28.9m, total assets €5.3mShow the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 48% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
91+41
equity 65.9% of total assets
Liquidity
35+26
short-term debt 33.7% · cash 0.1%
Profitability
41-5
return on assets 40.1%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%
12-2024: 3.2%▼ -1.0% vs 11-2024
01-2025: 3.2%● 0.0% vs 12-2024
02-2025: 3.1%▼ -2.1% vs 01-2025
03-2025: 2.9%▼ -6.5% vs 02-2025
04-2025: 2.8%▼ -1.9% vs 03-2025
05-2025: 2.9%▲ +1.0% vs 04-2025
06-2025: 3.3%▲ +16.0% vs 05-2025
07-2025: 3.2%▼ -4.5% vs 06-2025
08-2025: 4.0%▲ +26.5% vs 07-2025
09-2025: 4.2%▲ +4.4% vs 08-2025
10-2025: 5.9%▲ +41.5% vs 09-2025highest value
11-2025: 3.3%▼ -44.8% vs 10-2025
12-2025: 3.3%● 0.0% vs 11-2025
01-2026: 3.3%● 0.0% vs 12-2025
02-2026: 3.2%▼ -2.7% vs 01-2026
03-2026: 3.2%▲ +1.3% vs 02-2026
04-2026: 3.2%▼ -1.8% vs 03-2026
05-2026: 3.2%▲ +0.9% vs 04-2026
06-2026: 3.2%▲ +1.7% vs 05-2026
07-2026: 3.0%▼ -6.9% vs 06-2026
08-2026: 3.5%▲ +17.2% vs 07-2026
09-2026: 1.2%▼ -66.5% vs 08-2026lowest value
10-2026: 1.2%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 1.99, cash €5,622 raises the probability
- Latest accounts 31 days late; 3 of the last 3 late raises the probability
- Size: turnover €28.9m, total assets €5.3m lowers the probability for this profile
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 0.91 in 2024; short-term debt: 33.7% and cash: 0.1% of total assets), and 34.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 78%, liquidity 31%, profitability 18%, growth against the median 66%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
77 d late
2023
64 d late
2022
7 d early
2021
20 d early
2020
107 d early
2019
61 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 14 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 46 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Resignation: SABIDOR INVEST (manager)Appointments: SABIDOR INVEST (niet statutaire…
- Highest result since 2019net €2.1m ▲13,657%
Key points
- Positive: Result rose in 2025from €15,332 to €2.1m ▲ 13,657% View
- Positive: Among the best 8% on net resultsector median €80,943 · 818 companies €2.1m View
- New directorslatest change 09-02-2026 · 2 in office 2 joined View
- Heads a groupcompanies controlled 5 View
- Positive: 6 profitable years in a rowprofit 2025: €2.1m 6 years View
By topic
Board & ownership
- Board
- 2 members
- Largest shareholder
- BOULIE · 50%
Go to Board & ownership
Network & group
- Subsidiaries
- 5
5 subsidiaries
Timeline
- Events
- 12
- Since
- 2020
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 09-02-2026Resignation: SABIDOR INVEST (manager)
- 31-12-2025Highest result since 2019
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Machining of metalsNACE 25530
- Founded
- 14-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 16
- Who signs
- Each director alone
- Annual meeting
- First Saturday of June at 10:00
- Purpose
- Het nemen van participaties onder welke vorm ook, in alle bestaande en op te richten…
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