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MALOUMAX

Active Risk: not assessed
Private limited companyfounded 2007active for 19 yearsDudzeelse Steenweg 460, 8000 Brugge, BelgiumKBO/BCE: BE 0886.389.760

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 02-10-2026 at the NBB all 19 filings

Equity
€189,477▼ 38.2%
2025 · €306,421
Net result
-€93,017▼ 972%
2025 · -€8,675
Total assets
€3.8m▼ 21.1%
2025 · €4.8m
Solvency
5.0%▼ 1.4pp
2025 · 6.4%
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is a loss of €36,534, after a profit of €104,393 in 2025.

Operating result-€0.04m 2026 Net result-€0.09m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result-€0.003m--€0.03m▼ 1,005%-€0.06m▼ 101%€0.6m-€0.09m€0.03m€0.1m▲ 270%-€0.04m
Net result-€0.03m--€0.06m▼ 88.1%-€0.1mbelow the sector's middle half▼ 90.3%€0.5mabove the sector's middle half-€0.09mbelow the sector's middle half-€0.06mbelow the sector's middle half▲ 31.0%-€0.009mbelow the sector's middle half▲ 85.5%-€0.09m▼ 972%
Equity€0.2m-€0.1m▼ 45.0%-€0.04mbelow the sector's middle half€0.4mwithin the sector's middle half€0.3mwithin the sector's middle half▼ 26.3%€0.2mwithin the sector's middle half▼ 26.6%€0.3mwithin the sector's middle half▲ 43.2%€0.2m▼ 38.2%
Total assets€2.9m-€4.0m▲ 37.5%€4.1mabove the sector's middle half▲ 2.1%€5.3mabove the sector's middle half▲ 30.5%€4.7mabove the sector's middle half▼ 11.3%€4.5mabove the sector's middle half▼ 4.2%€4.8mabove the sector's middle half▲ 6.4%€3.8m▼ 21.1%
Debt€2.7m-€3.9m▲ 43.0%€4.1m▲ 5.7%€4.9m▲ 19.7%€4.3m▼ 12.0%€4.2m▼ 2.7%€4.4m▲ 4.8%€3.5m▼ 20.8%
Working capital-€0.5m--€0.9m▼ 74.1%-€0.9mbelow the sector's middle half▼ 1.9%-€1.5mbelow the sector's middle half▼ 59.9%-€0.9mbelow the sector's middle half▲ 42.6%-€1.2mbelow the sector's middle half▼ 37.7%-€1.3mbelow the sector's middle half▼ 10.2%-€0.8m▲ 36.0%
Solvency6.2%-2.5%▼ 3.7pp-1.0%below the sector's middle half▼ 3.4pp7.4%below the sector's middle half▲ 8.4pp6.2%below the sector's middle half▼ 1.3pp4.7%below the sector's middle half▼ 1.4pp6.4%below the sector's middle half▲ 1.6pp5.0%▼ 1.4pp
Current ratio0.36-0.28▼ 0.090.07below the sector's middle half▼ 0.210.28below the sector's middle half▲ 0.210.20below the sector's middle half▼ 0.080.12below the sector's middle half▼ 0.080.13below the sector's middle half▲ 0.020.04▼ 0.09
Return on assets (ROA)-1.2%--1.6%▼ 0.4pp-3.0%below the sector's middle half▼ 1.4pp8.5%within the sector's middle half▲ 11.4pp-1.8%below the sector's middle half▼ 10.3pp-1.3%below the sector's middle half▲ 0.5pp-0.2%below the sector's middle half▲ 1.1pp-2.4%▼ 2.3pp
Staff (FTE)0.40.5▲ 25.0%1▲ 100%1=1=1=0.2▼ 80.0%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.8m
Fixed assets €3.7m ▼ 18.2%
Current assets €35,221 ▼ 82.4%
Equity and liabilities €3.8m
Equity €189,477 ▼ 38.2%
Provisions €99,585 ▲ 22.8%
Debt €3.5m ▼ 20.8%
Debt's share of the balance-sheet total rises from 92.0% to 92.4%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
ROE
-49.1%▼
2025 · -2.8%
Debt ≤ 1 year
€864,216▼
2025 · €1.5m
Debt > 1 year
€2.6m▼
2025 · €2.9m
Income taxes
€388▲
2025 · €141
Staff costs
€3,013▼
2025 · €21,206
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Employees at the balance-sheet date1111-
part-time1111-
in full-time equivalents0.50.50.50.5-
Average over the year, in full-time equivalents0.50.50.50.50.1
On a permanent contract1111-

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€514,847€71,918€149,047€587,647€45,929
Intangible fixed assets----€151,551
Financial fixed assets€466,000€694,000---
Depreciation and write-downs of the year€238,764€261,189€271,104€288,681€330,786

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €65,709 awarded · €15,470 paid
Year Entries AwardedPaid
2025 2 €25,603€2,264
2023 2 €26,400€13,206
2022 1 €13,706€0
Schemes
3 entries · €63,309 · €13,206 paid · Onroerend Erfgoed
2 entries · €2,400 · €2,264 paid · Onroerend Erfgoed
Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 54 lines
Balance sheet Code20252026
Assets
Total assets20/58€4.8m€3.8m▼
Formation expenses20€0.07m€0.04m▼
Fixed assets21/28€4.6m€3.7m▼
Intangible fixed assets21-€0.1m
Tangible fixed assets22/27€3.9m€3.6m▼
Land and buildings22€3.8m€3.6m▼
Plant, machinery and equipment23€0.01m€0.01m▼
Furniture and vehicles24€0.04m€0.03m▼
Financial fixed assets28€0.7m-
Current assets29/58€0.2m€0.04m▼
Amounts receivable within one year40/41€0.2m€25▼
Trade receivables40€0.2m-
Other amounts receivable41-€25
Cash at bank and in hand54/58€0.008m€0.03m▲
Deferred charges and accrued income490/1€0.005m€0.005m▼
Equity and liabilities
Total equity and liabilities10/49€4.8m€3.8m▼
Equity10/15€0.3m€0.2m▼
Contributions10/11€0.02m€0.02m=
Reserves13€0.1m€0.09m▼
Tax-exempt reserves132€0.1m€0.09m▼
Profit (loss) carried forward14-€0.09m-€0.2m▼
Investment grants15€0.3m€0.3m▼
Provisions and deferred taxes16€0.08m€0.1m▲
Deferred taxes168€0.08m€0.1m▲
Amounts payable17/49€4.4m€3.5m▼
Amounts payable after more than one year17€2.9m€2.6m▼
Financial debts170/4€2.9m€2.6m▼
Amounts payable within one year42/48€1.5m€0.9m▼
Current portion of amounts payable after more than one year42€0.3m€0.3m▲
Trade debts44€0.03m€0.001m▼
Suppliers440/4€0.03m€0.001m▼
Taxes, remuneration and social security45€0.1m€0.05m▼
Taxes450/3€0.1m€0.05m▼
Remuneration and social security454/9€0.003m-
Other amounts payable47/48€1.1m€0.5m▼
Accrued charges and deferred income492/3€0.005m€0.004m▼
Income statement Code20252026
Remuneration, social security and pensions62€0.02m€0.003m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▲
Other operating charges640/8€0.007m€0.008m▲
Non-recurring operating charges66A€0.05m-
Gross operating margin9900€0.5m€0.3m▼
Operating profit (loss)9901€0.1m-€0.04m▼
Financial income75/76B€0.03m€0.02m▼
Recurring financial income75€0.03m€0.02m▼
Financial charges65/66B€0.1m€0.09m▼
Recurring financial charges65€0.1m€0.09m▼
Profit (loss) for the period before taxes9903-€0.01m-€0.1m▼
Transfer from deferred taxes780€0.006m€0.01m▲
Income taxes67/77€141€388▲
Profit (loss) for the period9904-€0.009m-€0.09m▼
Transfer from tax-exempt reserves789€0.008m€0.008m=
Profit (loss) for the period to be appropriated9905-€0.001m-€0.09m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.09m-€0.2m▼
Profit (loss) brought forward from the previous period14P-€0.09m-€0.09m▼

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 02-10-2026.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€318,146-----
Remuneration, social security and pensions62---€17,094€16,959€18,033€21,206€3,013▼ 85.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€187,635€212,384€225,291€238,764€261,189€271,104€288,681€330,786▲ 14.6%
Other operating charges640/8---€13,773€7,395€9,516€7,170€7,943▲ 10.8%
Non-recurring operating charges66A------€50,503--
Gross operating margin9900€190,557€197,903€185,265€829,040€199,652€326,849€471,953€305,208▼ 35.3%
Operating profit (loss)9901-€2,834-€31,320-€62,977€559,409-€85,891€28,197€104,393-€36,534-
Financial income75/76B---€17,678€66,960€19,871€28,649€24,059▼ 16.0%
Recurring financial income75€17,879€24,823€22,215€17,678€17,909€19,871€28,649€24,059▼ 16.0%
Non-recurring financial income76B----€49,051----
Financial charges65/66B---€121,654€90,719€110,635€147,370€91,268▼ 38.1%
Recurring financial charges65€48,846€57,092€80,229€121,654€90,719€110,635€147,370€91,268▼ 38.1%
Profit (loss) for the period before taxes9903-€33,802-€63,590-€120,991€455,433-€109,650-€62,568-€14,328-€103,743▼ 624%
Transfer from deferred taxes780----€23,175€5,794€5,794€11,114▲ 91.8%
Income taxes67/77€0--€2,837€29€2,941€141€388▲ 176%
Profit (loss) for the period9904-€33,802-€63,590-€120,991€452,597-€86,505-€59,716-€8,675-€93,017▼ 972%
Transfer from tax-exempt reserves789---€7,746€7,746€7,746€7,746€7,746=
Profit (loss) for the period to be appropriated9905-€28,645-€55,844-€113,246€460,342-€78,759-€51,970-€929-€85,272▼ 9,074%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€2.9m€4.0m€4.1m€5.3m€4.7m€4.5m€4.8m€3.8m▼ 21.1%
Formation expenses20€0.2m€0.2m€0.2m€0.2m€0.1m€0.1m€0.07m€0.04m▼ 39.2%
Fixed assets21/28€2.4m€3.4m€3.8m€4.6m€4.4m€4.3m€4.6m€3.7m▼ 18.2%
Intangible fixed assets21€0.006m€0.005m€0.004m€0.003m€0.002m€0.001m-€0.1m-
Tangible fixed assets22/27€2.4m€3.2m€3.6m€3.9m€3.7m€3.6m€3.9m€3.6m▼ 6.6%
Land and buildings22---€3.8m€3.6m€3.5m€3.8m€3.6m▼ 6.4%
Plant, machinery and equipment23------€0.01m€0.01m▼ 21.0%
Furniture and vehicles24---€0.02m€0.06m€0.05m€0.04m€0.03m▼ 25.7%
Financial fixed assets28-€0.3m€0.3m€0.7m€0.7m€0.7m€0.7m--
Current assets29/58€0.3m€0.3m€0.07m€0.6m€0.2m€0.2m€0.2m€0.04m▼ 82.4%
Amounts receivable within one year40/41€0.02m€0.003m€0.003m-€0.001m€0.1m€0.2m€25▼ 100.0%
Trade receivables40-----€0.07m€0.2m--
Other amounts receivable41----€0.001m€0.07m-€25-
Cash at bank and in hand54/58€0.3m€0.3m€0.01m€0.5m€0.2m€0.001m€0.008m€0.03m▲ 280%
Deferred charges and accrued income490/1---€0.06m€0.02m€0.009m€0.005m€0.005m▼ 3.7%
Equity and liabilities
Total equity and liabilities10/49€2.9m€4.0m€4.1m€5.3m€4.7m€4.5m€4.8m€3.8m▼ 21.1%
Equity10/15€0.2m€0.1m-€0.04m€0.4m€0.3m€0.2m€0.3m€0.2m▼ 38.2%
Contributions10/11€0.02m--€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.1m€0.1m€0.1m€0.2m€0.1m€0.1m€0.1m€0.09m▼ 7.6%
Non-distributable reserves130/1---€0.002m-----
Reserves not available under the articles1311---€0.002m-----
Tax-exempt reserves132---€0.1m€0.1m€0.1m€0.1m€0.09m▼ 7.6%
Distributable reserves133---€0.04m-----
Profit (loss) carried forward14-€0.3m-€0.3m-€0.4m--€0.04m-€0.09m-€0.09m-€0.2m▼ 96.3%
Investment grants15---€0.2m€0.2m€0.2m€0.3m€0.3m▼ 8.7%
Provisions and deferred taxes16----€0.09m€0.09m€0.08m€0.1m▲ 22.8%
Deferred taxes168----€0.09m€0.09m€0.08m€0.1m▲ 22.8%
Amounts payable17/49€2.7m€3.9m€4.1m€4.9m€4.3m€4.2m€4.4m€3.5m▼ 20.8%
Amounts payable after more than one year17€1.9m€2.6m€3.1m€2.9m€3.3m€2.9m€2.9m€2.6m▼ 9.9%
Financial debts170/4---€2.9m€3.3m€2.9m€2.9m€2.6m▼ 9.9%
Amounts payable within one year42/48€0.8m€1.3m€1.0m€2.1m€1.1m€1.3m€1.5m€0.9m▼ 42.2%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 1.2%
Trade debts44€0.02m€0.02m€0.02m€0.03m€0.002m€0.005m€0.03m€0.001m▼ 95.7%
Suppliers440/4---€0.03m€0.002m€0.005m€0.03m€0.001m▼ 95.7%
Advances received on contracts in progress46---€0.01m-----
Taxes, remuneration and social security45---€0.1m€0.006m€0.01m€0.1m€0.05m▼ 48.7%
Taxes450/3---€0.1m€0.005m€0.009m€0.1m€0.05m▼ 47.2%
Remuneration and social security454/9---€0.003m€0.001m€0.002m€0.003m--
Other amounts payable47/48---€1.7m€0.8m€1.1m€1.1m€0.5m▼ 51.0%
Accrued charges and deferred income492/3---€0.01m€0.01m€0.004m€0.005m€0.004m▼ 14.1%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904-€0.03m-€0.06m-€0.1m€0.5m-€0.09m-€0.06m-€0.009m-€0.09m▼ 972%
+ Depreciation and write-downs630€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m€0.3m€0.3m▲ 14.6%
Operating cash flow (approximation)€0.2m€0.1m€0.1m€0.7m€0.2m€0.2m€0.3m€0.2m▼ 15.1%
Investment in fixed assets (approximation)--€1.3m-€0.6m-€1.0m-€0.05m-€0.1m-€0.6m€0.5m-
Change in cash-€0.04m-€0.3m€0.5m-€0.3m-€0.2m€0.007m€0.02m▲ 210%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 02-10-2026 2026-00553039 PDF
31-03-2025 micro format 01-10-2025 2025-00528878 PDF
31-03-2024 micro format 30-09-2024 2024-00491870 PDF
31-03-2023 micro format 29-09-2023 2023-00468816 PDF
31-03-2022 micro format 14-10-2022 2022-20468293 PDF
31-03-2021 micro format 03-11-2021 2021-76400481 PDF
31-03-2020 micro format 30-09-2020 2020-58000549 PDF
31-03-2019 micro format 30-09-2019 2019-68300496 PDF
31-03-2018 micro format 28-09-2018 2018-67900461 PDF
31-03-2017 micro format 28-06-2017 2017-23300040 PDF

Show all 19 filings

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