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MALOUK MANAGEMENT

Active
Private limited company (pre-2019)founded 201114 yrs activeBrugsesteenweg 24 B, 8531 Harelbeke, BelgiumKBO/BCE: BE 0842.115.792

The file of MALOUK MANAGEMENT contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show equity of €17,246 and a net result of -€4. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 4735 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▼-2
Solvency100=
Growth78=
Track record85
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
cash: 0.6% of total assets, and 0% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
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
Solvency, return and age of the figures
Solvency
100%
Return on assets
0%
Age of the figures
12 mo
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
28 d late
2023
32 d early
2022
51 d early
2021
4 d early
2020
1 d early
2019
1 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 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close01-10-2026 today30-04-2027 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

History

MALOUK MANAGEMENT was incorporated on 23 December 2011.1 Total assets fell from EUR 33,345 in 2019 to EUR 17,246 in 2025.2 On 17 December 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025
  3. 3Belgian State Gazette, 24-12-2024

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Financials · fiscal year 2025, micro schema

Equity
€17,246=
2024 · €17,250
Total assets
€17,246▼ 23.2%
2024 · €22,454
Net result
-€4
2024 · €171
Working capital
€17,250▲ 1.0%
2023 · €17,079
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 96, Personal service 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, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€128▲ 98.2%-€1,810▼ 1,312%€10,954-€400-€887▼ 122%
Net result€1,948within the sector's middle half€340within the sector's middle half▼ 82.5%€12,363within the sector's middle half▲ 3,532%€171within the sector's middle half▼ 98.6%-€4within the sector's middle half
Equity€4,376within the sector's middle half▲ 80.2%€4,716within the sector's middle half▲ 7.8%€17,079within the sector's middle half▲ 262%€17,250within the sector's middle half▲ 1.0%€17,246within the sector's middle half=
Total assets€103,921within the sector's middle half▲ 266%€81,101within the sector's middle half▼ 22.0%€47,464within the sector's middle half▼ 41.5%€22,454within the sector's middle half▼ 52.7%€17,246below the sector's middle half▼ 23.2%
Debt€99,545▲ 283%€76,384▼ 23.3%€30,385▼ 60.2%€5,204▼ 82.9%
Working capital€4,785within the sector's middle half▲ 97.1%€4,716within the sector's middle half▼ 1.4%€17,079within the sector's middle half▲ 262%€17,250within the sector's middle half▲ 1.0%
Solvency4.2%within the sector's middle half▼ 4.3pp5.8%within the sector's middle half▲ 1.6pp36.0%within the sector's middle half▲ 30.2pp76.8%above the sector's middle half▲ 40.8pp100.0%above the sector's middle half▲ 23.2pp
Current ratio1.05within the sector's middle half▼ 0.051.06within the sector's middle half▲ 0.011.56within the sector's middle half▲ 0.504.32above the sector's middle half▲ 2.75
Return on assets (ROA)1.9%within the sector's middle half▲ 19.6pp0.4%within the sector's middle half▼ 1.5pp26.0%above the sector's middle half▲ 25.6pp0.8%within the sector's middle half▼ 25.3pp0.0%within the sector's middle half▼ 0.8pp
above within below the middle half (P25 to P75) of NACE 96, Personal service 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 year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2021: -€128-€128Net result 2021: €1,948€1,948Operating result 2022: -€1,810-€1,810Net result 2022: €340€340Operating result 2023: €10,954€10,954Net result 2023: €12,363€12,363Operating result 2024: -€400-€400Net result 2024: €171€171Operating result 2025: -€887-€887Net result 2025: -€4-€420212022202320242025-€5,000€0€5,000€10,000Operating result 2023: €10,954€11,000Net result 2023: €12,363€12,400Operating result 2024: -€400-€400Net result 2024: €171€171Operating result 2025: -€887-€887Net result 2025: -€4-€4202320242025
The operating result stays negative: a loss of €887 in 2025 against €400 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
ROE
0.0%▼
2024 · 1.0%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.9% stopped otherwise
91% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

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 6,910 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€22,454€17,246▼
Current assets29/58€22,454€17,246▼
Amounts receivable within one year40/41€22,232€17,148▼
Trade receivables40€5,369€2,909▼
Other amounts receivable41€16,863€14,240▼
Cash at bank and in hand54/58€222€98▼
Equity and liabilities
Total equity and liabilities10/49€22,454€17,246▼
Equity10/15€17,250€17,246=
Contributions10/11€18,600€18,600=
Reserves13€1,555€1,555=
Non-distributable reserves130/1€171€171=
Reserves not available under the articles1311€171€171=
Distributable reserves133€1,384€1,384=
Profit (loss) carried forward14-€2,904-€2,908▼
Amounts payable17/49€5,204-
Amounts payable within one year42/48€5,204-
Trade debts44€2,001-
Suppliers440/4€2,001-
Taxes, remuneration and social security45€3,203-
Taxes450/3€3,203-
Income statement Code20242025
Other operating charges640/8€515€387▼
Gross operating margin9900€115-€500▼
Operating profit (loss)9901-€400-€887▼
Financial income75/76B€1,208€888▼
Recurring financial income75€1,208€888▼
Financial charges65/66B€637€4▼
Recurring financial charges65€637€4▼
Profit (loss) for the period before taxes9903€171-€4▼
Profit (loss) for the period9904€171-€4▼
Profit (loss) for the period to be appropriated9905€171-€4▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2,904-€2,908▼
Profit (loss) brought forward from the previous period14P-€3,075-€2,904▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1,107-----
Other operating charges640/8-€695€348€515€387▼ 24.8%
Gross operating margin9900€978-€1,114€11,302€115-€500▼ 535%
Operating profit (loss)9901-€128-€1,810€10,954-€400-€887▼ 122%
Financial income75/76B€2,382€2,288€1,854€1,208€888▼ 26.5%
Recurring financial income75€2,382€2,288€1,854€1,208€888▼ 26.5%
Financial charges65/66B€306€138€446€637€4▼ 99.3%
Recurring financial charges65€306€138€446€637€4▼ 99.3%
Profit (loss) for the period before taxes9903€1,948€340€12,363€171-€4▼ 102%
Profit (loss) for the period9904€1,948€340€12,363€171-€4▼ 102%
Profit (loss) for the period to be appropriated9905€1,948€340€12,363€171-€4▼ 102%
Line20212022202320242025Change
Assets
Total assets20/58€103,921€81,101€47,464€22,454€17,246▼ 23.2%
Current assets29/58€103,921€81,101€47,464€22,454€17,246▼ 23.2%
Amounts receivable within one year40/41€73,215€79,009€47,242€22,232€17,148▼ 22.9%
Trade receivables40€45,797€417€16,581€5,369€2,909▼ 45.8%
Other amounts receivable41€27,418€78,592€30,661€16,863€14,240▼ 15.6%
Cash at bank and in hand54/58€30,623€1,536€222€222€98▼ 55.9%
Deferred charges and accrued income490/1€84€557----
Equity and liabilities
Total equity and liabilities10/49€103,921€81,101€47,464€22,454€17,246▼ 23.2%
Equity10/15€4,376€4,716€17,079€17,250€17,246=
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,555€1,555€1,555€1,555€1,555=
Non-distributable reserves130/1€171€171€171€171€171=
Reserves not available under the articles1311€171€171€171€171€171=
Distributable reserves133€1,384€1,384€1,384€1,384€1,384=
Profit (loss) carried forward14-€15,779-€15,438-€3,075-€2,904-€2,908▼ 0.1%
Amounts payable17/49€99,545€76,384€30,385€5,204--
Amounts payable within one year42/48€99,137€76,384€30,385€5,204--
Trade debts44€19,297€20,928€21,933€2,001--
Suppliers440/4€19,297€20,928€21,933€2,001--
Taxes, remuneration and social security45€3,429€8,257€7,243€3,203--
Taxes450/3€3,429€8,257€7,243€3,203--
Other amounts payable47/48€76,411€47,199€1,209---
Accrued charges and deferred income492/3€409-----
Line20212022202320242025Change
Profit (loss) for the period9904€1,948€340€12,363€171-€4▼ 102%
Operating cash flow (approximation)€1,948€340€12,363€171-€4▼ 102%
Change in cash--€29,088-€1,314€0-€124-

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
29-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
21-03
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-03-2025
2024
24-12
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 17-12-2024
30-09
Financial Liquidity triplescurrent ratio 4.32
Current ratio from 1.56 to 4.32; short-term debt falls from €30,385 to €5,204.
29-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Highest result since 2019net €12,363 ▲3,532%
Operating result €10,954, net result €12,363, both a record.
10-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Back to profitnet €1,948
Net result €1,948 after 2 loss-making years.
29-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial Weakest financial yearnet -€5,036
Net result drops to -€5,036, the lowest in the series; recovery starts the following year.
Show earlier events
29-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
29-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 333 days late
2017
02-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
SignalFinancial 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2011
seat establishment approximate The establishment unit on the map
Ground area
2,941 m²
Building footprint
60 m²
Parcel 34025C0692/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Brugsesteenweg 24, 8531 Harelbeke
Other business support services
since 20112.205.287.971
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34025C0692/00Y000 Flanders 2,940 m² 1 · 60 m² 0.0 m
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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator WILLEM WITTOUCK
Groeningestraat 33, 8500 Kortrijk
17-12-2024 → 18-03-2025

Similar companies · same sector, comparable size

Of 6,705 companies in this sector we hold annual accounts for 628. 455 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded23-12-2011
Fiscal year end30-09
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID 0208:0842115792
Also 9925:BE0842115792
Registered 29-01-2026

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

Register as of 30 September 2026 · Peppol Directory

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