MALMEDY SABLAGE
ActiveMALMEDY SABLAGE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €65k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-40
Solvency97=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 2.52 in 2024), and 44.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
55.4%
Return on assets
3.3%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
58 d late
2023
92 d late
2022
99 d late
2021
151 d late
2020
94 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▼ 55.6%
2024 · €146k
2018: €34k
2019: €57k
2020: €44k
2021: €95k
2022: €107k
2023: €127k
2024: €146k
2018 → 2025
Working capital
€391k▼ 2.2%
2024 · €400k
2018: €145k
2019: €120k
2020: €93k
2021: €174k
2022: €303k
2023: €401k
2024: €400k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€741k-€843k▲ 13.8%€968k▲ 14.8%€1.04M▲ 7.3%€1.09M▲ 5.2%
Operating result€134k-€160k▲ 19.6%€200k▲ 24.9%€221k▲ 10.5%€93k▼ 58.0%
Net result€95k-€107k▲ 12.8%€127k▲ 18.0%€146k▲ 14.8%€65k▼ 55.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.97M
Fixed assets
€1.29M▲ 5.9%
Current assets
€683k▲ 3.1%
Equity and liabilities €1.97M
Equity
€1.09M▲ 5.2%
Provisions
€0▼ 100%
Debt
€881k▲ 4.9%
The debt ratio stays at 44.6%.
Key figures and ratios
EBITDA
€188k▼
2024 · €306k
Cash flow
€160k▼
2024 · €231k
Solvency
55.4%▲
2024 · 55.2%
Current ratio
2.34▼
2024 · 2.52
Quick ratio
1.95▼
2024 · 2.09
Debt / equity
0.81▼
2024 · 0.81
ROE
5.9%▼
2024 · 14.0%
ROA
3.3%▼
2024 · 7.7%
Interest coverage
8.64▼
2024 · 15.79
Debt
€881k▲
2024 · €840k
Debt ≤ 1 year
€293k▲
2024 · €263k
Debt > 1 year
€588k▲
2024 · €577k
Income taxes
€22k▼
2024 · €64k
Staff costs
€334k▼
2024 · €374k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€1.97M▲
Fixed assets21/28€1.22M€1.29M▲
Tangible fixed assets22/27€1.22M€1.29M▲
Land and buildings22€992k€1.07M▲
Plant, machinery and equipment23€175k€176k▲
Furniture and vehicles24€51k€45k▼
Financial fixed assets28€527€527=
Current assets29/58€663k€683k▲
Stocks and contracts in progress3€114k€112k▼
Stocks30/36€114k€112k▼
Amounts receivable within one year40/41€256k€181k▼
Trade receivables40€244k€151k▼
Other amounts receivable41€12k€30k▲
Current investments50/53-€85k
Cash at bank and in hand54/58€274k€298k▲
Deferred charges and accrued income490/1€19k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.97M▲
Equity10/15€1.04M€1.09M▲
Contributions10/11€28k€28k=
Reserves13€965k€1.03M▲
Distributable reserves133€965k€1.03M▲
Profit (loss) carried forward14€498€0▼
Investment grants15€46k€35k▼
Provisions and deferred taxes16€3k€0▼
Deferred taxes168€3k€0▼
Amounts payable17/49€840k€881k▲
Amounts payable after more than one year17€577k€588k▲
Financial debts170/4€577k€588k▲
Amounts payable within one year42/48€263k€293k▲
Current portion of amounts payable after more than one year42€91k€107k▲
Trade debts44€32k€33k▲
Suppliers440/4€32k€33k▲
Taxes, remuneration and social security45€82k€86k▲
Taxes450/3€42k€50k▲
Remuneration and social security454/9€40k€35k▼
Other amounts payable47/48€57k€67k▲
Income statement
Code20242025
Remuneration, social security and pensions62€374k€334k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€95k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€-3k▼
Other operating charges640/8€15k€30k▲
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€711k€549k▼
Operating profit (loss)9901€221k€93k▼
Financial income75/76B€8k€15k▲
Recurring financial income75€8k€15k▲
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€209k€86k▼
Income taxes67/77€64k€22k▼
Profit (loss) for the period9904€146k€65k▼
Profit (loss) for the period to be appropriated9905€146k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€146k€65k▼
Profit (loss) brought forward from the previous period14P€491€498▲
Transfer from equity791/2€69k€0▼
Transfer to equity691/2€146k€65k▼
To other reserves6921€146k€65k▼
Profit to be distributed694/7€69k€0▼
Return on contributions (dividend)694€69k€0▼
Social balance
Average headcount (FTE)90877.67.3▼
The notes to these accounts (18 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 58 days late
2024
31-12
Financial
Highest result since 2018net €146k ▲14.8%
Operating result €221k, net result €146k, both a record.
31-12
Financial
Equity above €1MEq €1.04M ▲7.3%
7 profitable years in a row build equity to €1.04M.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 99 days late
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 151 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 94 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waimes · 1 establishment unit since 1998
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.
Champagne 294950 WaimesGround area
7,371 m²
Building footprint
642 m²
Volume, LiDAR
1,099 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Norvège 21, 4960 Malmedy
since 19982.075.403.684
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049F0275/00V004 | Wallonia | 6,876 m² | 1 · 439 m² | - |
| 63080C0084/00A002 | Wallonia | 495 m² | 1 · 203 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CALUX
BE 0452.635.553
Oudenaarde · Eq €1.10M
ALMAPLAST
BE 0458.552.751
Kontich · Eq €1.11M
PIX COATING
BE 0790.808.732
Thimister-Clermont · Eq €1.07M
ISOX BELGIUM
BE 0643.636.372
Waregem · Eq €1.12M
LIMBURGS GALVANO TECHNISCH BEDRIJF
BE 0428.346.159
Hasselt · Eq €1.12M
Of 708 companies in sector 25510 we hold annual accounts for 407. 275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1996
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
43350Other building finishing work
25401Forging of metal
43320Joinery installation
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.