MALPERTUS PROJECTS
ActiveSummary
MALPERTUS PROJECTS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€428,935) and a net result of -€1,602. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 5% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+5
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.54 in 2024; short-term debt: 185.4% and cash: 1.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-160%
Return on assets
-0.6%
Age of the figures
15 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€428,935
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-10-2025, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
109 d early
2023
15 d early
2022
11 d early
2021
39 d early
2020
44 d early
2019
46 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 54 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€428,935▼ 0.4%
2024 · -€427,333
Total assets
€268,010▲ 0.7%
2024 · €266,071
Net result
-€1,602▲ 76.7%
2024 · -€6,884
Working capital
-€228,935▼ 0.7%
2024 · -€227,333
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,419▲ 74.6%-€646▲ 85.4%-€11,017▼ 1,606%-€6,859▲ 37.7%-€1,578▲ 77.0%
Net result-€4,521within the sector's middle half▲ 74.2%-€708within the sector's middle half▲ 84.3%-€11,041below the sector's middle half▼ 1,460%-€6,884within the sector's middle half▲ 37.6%-€1,602within the sector's middle half▲ 76.7%
Equity-€408,700below the sector's middle half▼ 1.1%-€409,408below the sector's middle half▼ 0.2%-€420,449below the sector's middle half▼ 2.7%-€427,333below the sector's middle half▼ 1.6%-€428,935below the sector's middle half▼ 0.4%
Total assets€321,136within the sector's middle half▼ 12.9%€294,829within the sector's middle half▼ 8.2%€287,236within the sector's middle half▼ 2.6%€266,071within the sector's middle half▼ 7.4%€268,010within the sector's middle half▲ 0.7%
Debt€729,836▼ 5.6%€704,237▼ 3.5%€707,685▲ 0.5%€693,404▼ 2.0%€696,945▲ 0.5%
Working capital-€208,700▼ 2.2%-€209,408▼ 0.3%-€220,449▼ 5.3%-€227,333▼ 3.1%-€228,935▼ 0.7%
Solvency-127.3%below the sector's middle half▼ 17.7pp-138.9%below the sector's middle half▼ 11.6pp-146.4%below the sector's middle half▼ 7.5pp-160.6%below the sector's middle half▼ 14.2pp-160.0%below the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
The operating result stays negative: a loss of €1,578 in 2025 against €6,859 in 2024; the loss shrinks.
Key figures and ratios
Current ratio
0.54=
2024 · 0.54
Quick ratio
0.01▲
2024 · 0.00
Debt to equity
-1.62▼
2024 · -1.62
ROA
-0.6%▲
2024 · -2.6%
Debt ≤ 1 year
€496,945▲
2024 · €493,404
Debt > 1 year
€200,000=
2024 · €200,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€10,000 | €0 | - | - | - |
| Other operating charges640/8 | - | €700 | €666 | €625 | €882 | ▲ 41.2% |
| Gross operating margin9900 | -€33,601 | -€9,946 | -€10,350 | -€6,235 | -€696 | ▲ 88.8% |
| Operating profit (loss)9901 | -€4,419 | -€646 | -€11,017 | -€6,859 | -€1,578 | ▲ 77.0% |
| Financial income75/76B | - | €25 | €0 | - | - | - |
| Recurring financial income75 | €25 | €25 | €0 | - | - | - |
| Financial charges65/66B | - | €87 | €24 | €25 | €24 | ▼ 3.2% |
| Recurring financial charges65 | €128 | €87 | €24 | €25 | €24 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | -€4,521 | -€708 | -€11,041 | -€6,884 | -€1,602 | ▲ 76.7% |
| Profit (loss) for the period9904 | -€4,521 | -€708 | -€11,041 | -€6,884 | -€1,602 | ▲ 76.7% |
| Profit (loss) for the period to be appropriated9905 | -€4,521 | -€708 | -€11,041 | -€6,884 | -€1,602 | ▲ 76.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321,136 | €294,829 | €287,236 | €266,071 | €268,010 | ▲ 0.7% |
| Current assets29/58 | €321,136 | €294,829 | €287,236 | €266,071 | €268,010 | ▲ 0.7% |
| Stocks and contracts in progress3 | €285,000 | €265,000 | €265,000 | €265,000 | €265,000 | = |
| Stocks30/36 | - | €265,000 | €265,000 | €265,000 | €265,000 | = |
| Amounts receivable within one year40/41 | €0 | - | €2,472 | €0 | - | - |
| Other amounts receivable41 | - | - | €2,472 | €0 | - | - |
| Cash at bank and in hand54/58 | €36,136 | €29,829 | €19,764 | €1,071 | €3,010 | ▲ 181% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321,136 | €294,829 | €287,236 | €266,071 | €268,010 | ▲ 0.7% |
| Equity10/15 | -€408,700 | -€409,408 | -€420,449 | -€427,333 | -€428,935 | ▼ 0.4% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€608,700 | -€609,408 | -€620,449 | -€627,333 | -€628,935 | ▼ 0.3% |
| Amounts payable17/49 | €729,836 | €704,237 | €707,685 | €693,404 | €696,945 | ▲ 0.5% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Financial debts170/4 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Amounts payable within one year42/48 | €529,836 | €504,237 | €507,685 | €493,404 | €496,945 | ▲ 0.7% |
| Trade debts44 | €348 | €3,913 | €16,668 | €2,137 | €5,681 | ▲ 166% |
| Suppliers440/4 | - | €3,913 | €16,668 | €2,137 | €5,681 | ▲ 166% |
| Taxes, remuneration and social security45 | - | €307 | €0 | €249 | €247 | ▼ 0.9% |
| Taxes450/3 | - | €307 | €0 | €249 | €247 | ▼ 0.9% |
| Other amounts payable47/48 | - | €500,017 | €491,017 | €491,017 | €491,017 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,521 | -€708 | -€11,041 | -€6,884 | -€1,602 | ▲ 76.7% |
| Operating cash flow (approximation) | -€4,521 | -€708 | -€11,041 | -€6,884 | -€1,602 | ▲ 76.7% |
| Change in cash | - | -€6,306 | -€10,065 | -€18,694 | €1,939 | ▲ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€17,528
Net result drops to -€17,528, the lowest in the series; recovery starts the following year.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Destelbergen · 1 establishment unit since 2004
Ground area
1,057 m²
Building footprint
219 m²
Volume, LiDAR
1,407 m³
Parcel 44013A0789/00M002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MALPERTUS PROJECTS
since 20042.138.778.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0789/00M002 | Flanders | 1,057 m² | 1 · 219 m² | 10.0 m · 2 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-2004
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866183472
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.