Malomar
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 6 filings
Equity
-€96,817▼ 16.8%
2024 · -€82,880
Total assets
€2.0m▲ 3.2%
2024 · €1.9m
Net result
-€13,937▼ 5.9%
2024 · -€13,164
Working capital
€58,557▲ 18.9%
2024 · €49,237
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€27,447
▼ 5.2%
2025
20202025
Net result
-€13,937
▼ 5.9%
2025
lowest quarter of the sector
20202025
Equity
-€96,817
▼ 16.8%
2025
lowest quarter of the sector
20202025
Total assets
€2.0m
▲ 3.2%
2025
middle half of the sector
20202025
Debt
€2.1m
▲ 3.7%
2025
20202025
Working capital
€58,557
▲ 18.9%
2025
middle half of the sector
20202025
Solvency
-4.9%
▼ 0.6pp
2025
lowest quarter of the sector
20202025
Current ratio
4.19
▲ 0.51
2025
highest quarter of the sector
20202025
Return on assets (ROA)
-0.7%
=
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€0.04m--€0.02m▲ 41.7%€167-€0.01m-€0.03m▼ 107%-€0.03m▼ 5.2%
Net result-€0.04mbelow the sector's middle half--€0.03mbelow the sector's middle half▲ 38.8%€0.003mbelow the sector's middle half-€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 24.6%-€0.01mbelow the sector's middle half▼ 5.9%
Equity-€0.04mbelow the sector's middle half--€0.06mbelow the sector's middle half▼ 69.5%-€0.06mbelow the sector's middle half▲ 5.6%-€0.07mbelow the sector's middle half▼ 17.9%-€0.08mbelow the sector's middle half▼ 18.9%-€0.1mbelow the sector's middle half▼ 16.8%
Total assets€1.1mwithin the sector's middle half-€1.5mwithin the sector's middle half▲ 35.8%€1.5mwithin the sector's middle half▲ 0.3%€1.6mwithin the sector's middle half▲ 6.7%€1.9mwithin the sector's middle half▲ 20.5%€2.0mwithin the sector's middle half▲ 3.2%
Debt€1.1m-€1.6m▲ 36.9%€1.6m=€1.7m▲ 7.1%€2.0m▲ 20.5%€2.1m▲ 3.7%
Working capital-€0.07mwithin the sector's middle half--€0.4mbelow the sector's middle half▼ 463%-€0.4mbelow the sector's middle half▼ 1.8%-€0.2mbelow the sector's middle half▲ 39.2%€0.05mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 18.9%
Solvency-3.4%below the sector's middle half--4.2%below the sector's middle half▼ 0.8pp-4.0%below the sector's middle half▲ 0.2pp-4.4%below the sector's middle half▼ 0.4pp-4.3%below the sector's middle half▲ 0.1pp-4.9%below the sector's middle half▼ 0.6pp
Current ratio0.38below the sector's middle half-0.09below the sector's middle half▼ 0.290.09below the sector's middle half=0.17below the sector's middle half▲ 0.083.68within the sector's middle half▲ 3.514.19above the sector's middle half▲ 0.51
Return on assets (ROA)-3.8%below the sector's middle half--1.7%below the sector's middle half▲ 2.1pp0.2%below the sector's middle half▲ 2.0pp-0.7%below the sector's middle half▼ 0.9pp-0.7%below the sector's middle half=-0.7%below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 a loss of €27,447, larger than the loss of €26,090 in 2024. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.9m ▲ 2.8%
Current assets
€76,890 ▲ 13.7%
Equity and liabilities
Equity-€96,817
Debt€2.1m
Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€2.0m).
Key figures and ratios
EBITDA
-€27,190▼
2024 · -€25,595
Cash flow
-€13,680▼
2024 · -€12,668
Interest coverage
-9.66▼
2024 · -9.43
Debt ≤ 1 year
€18,333▼
2024 · €18,371
Debt > 1 year
€2.1m▲
2024 · €2.0m
Income taxes
€87▲
2024 · €70
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|---|
| Financial fixed assets | €398,027 | €1,718 | €91,061 | €340,000 | €52,000 |
| Depreciation and write-downs of the year | €496 | €496 | €496 | €496 | €257 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238 | €496 | €496 | €496 | €496 | €257 | ▼ 48.1% |
| Other operating charges640/8 | - | €156 | €970 | €1,069 | €1,086 | €1,118 | ▲ 3.0% |
| Gross operating margin9900 | -€35,566 | -€20,442 | €1,633 | -€11,034 | -€24,509 | -€26,072 | ▼ 6.4% |
| Operating profit (loss)9901 | -€36,192 | -€21,095 | €167 | -€12,599 | -€26,090 | -€27,447 | ▼ 5.2% |
| Financial income75/76B | - | €10,626 | €13,288 | €13,067 | €15,712 | €16,412 | ▲ 4.5% |
| Recurring financial income75 | €4,609 | €10,626 | €13,288 | €13,067 | €15,712 | €16,412 | ▲ 4.5% |
| Financial charges65/66B | - | €14,874 | €9,682 | €10,905 | €2,716 | €2,816 | ▲ 3.7% |
| Recurring financial charges65 | €10,302 | €14,874 | €9,682 | €10,905 | €2,716 | €2,816 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | -€41,886 | -€25,342 | €3,774 | -€10,436 | -€13,093 | -€13,851 | ▼ 5.8% |
| Income taxes67/77 | €75 | €329 | €296 | €126 | €70 | €87 | ▲ 23.0% |
| Profit (loss) for the period9904 | -€41,961 | -€25,671 | €3,477 | -€10,562 | -€13,164 | -€13,937 | ▼ 5.9% |
| Profit (loss) for the period to be appropriated9905 | -€41,961 | -€25,671 | €3,477 | -€10,562 | -€13,164 | -€13,937 | ▼ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.1m | €1.5m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 3.2% |
| Fixed assets21/28 | €1.1m | €1.5m | €1.5m | €1.5m | €1.9m | €1.9m | ▲ 2.8% |
| Tangible fixed assets22/27 | €0.002m | €0.002m | €0.001m | €0.001m | €257 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €0.002m | €0.001m | €0.001m | €257 | €0 | ▼ 100% |
| Financial fixed assets28 | €1.1m | €1.5m | €1.5m | €1.5m | €1.9m | €1.9m | ▲ 2.8% |
| Current assets29/58 | €0.04m | €0.04m | €0.04m | €0.05m | €0.07m | €0.08m | ▲ 13.7% |
| Amounts receivable within one year40/41 | €0.02m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 17.1% |
| Trade receivables40 | - | €0 | - | - | - | - | - |
| Other amounts receivable41 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 17.1% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.009m | €0.006m | €0.009m | €0.002m | ▼ 82.1% |
| Deferred charges and accrued income490/1 | - | €0.02m | €0.03m | €0.04m | €0.06m | €0.07m | ▲ 28.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 3.2% |
| Equity10/15 | -€0.04m | -€0.06m | -€0.06m | -€0.07m | -€0.08m | -€0.1m | ▼ 16.8% |
| Contributions10/11 | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.07m | -€0.06m | -€0.07m | -€0.09m | -€0.1m | ▼ 15.9% |
| Amounts payable17/49 | €1.1m | €1.6m | €1.6m | €1.7m | €2.0m | €2.1m | ▲ 3.7% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €1.1m | €1.4m | €2.0m | €2.1m | ▲ 3.8% |
| Financial debts170/4 | - | €1.1m | €1.1m | €1.4m | €2.0m | €2.1m | ▲ 3.8% |
| Amounts payable within one year42/48 | €0.1m | €0.4m | €0.4m | €0.3m | €0.02m | €0.02m | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - | - |
| Financial debts43 | - | €0.4m | €0.4m | €0.3m | €0 | - | - |
| Credit institutions430/8 | - | €0.4m | €0.4m | €0.3m | €0 | - | - |
| Trade debts44 | €0.006m | €0.004m | €0.002m | €0.002m | €0.003m | €0.003m | ▲ 4.6% |
| Suppliers440/4 | - | €0.004m | €0.002m | €0.002m | €0.003m | €0.003m | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | €0.003m | €0.001m | €225 | €141 | €228 | ▲ 61.2% |
| Taxes450/3 | - | €0.003m | €0.001m | €225 | €141 | €228 | ▲ 61.2% |
| Other amounts payable47/48 | - | €0.007m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | €0.009m | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,961 | -€25,671 | €3,477 | -€10,562 | -€13,164 | -€13,937 | ▼ 5.9% |
| + Depreciation and write-downs630 | €238 | €496 | €496 | €496 | €496 | €257 | ▼ 48.1% |
| Operating cash flow (approximation) | -€41,722 | -€25,175 | €3,973 | -€10,066 | -€12,668 | -€13,680 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€398,027 | -€1,718 | -€91,061 | -€309,000 | -€52,000 | ▲ 83.2% |
| Change in cash | - | €3,339 | -€6,522 | -€2,983 | €2,670 | -€7,236 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00167321 | |
| 31-12-2024 | abbreviated format | 08-05-2025 | 2025-00091349 | |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00156968 | |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00137512 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20104254 | |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-24900466 |