MALPERTUUS
ActiveSummary
MALPERTUUS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €8k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 10.12 against 10.73 in 2024; short-term debt: 9.9% and cash: 42.1% of total assets), and 9.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
90.1%
Return on assets
4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
33 d late
2024
25 d late
2023
83 d late
2022
30 d late
2021
5 d late
2020
24 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€118k
EBIT margin
6.0%
Net result
€8k▼ 22.9%
2024 · €10k
2018: €7k
2019: €6k▼ -17.7% vs 2018
2020: €5k▼ -14.8% vs 2019
2021: €7k▲ +46.8% vs 2020
2022: €-9k▼ -224% vs 2021lowest in 8 years
2023: €8k▲ +195% vs 2022
2024: €10k▲ +22.0% vs 2023highest in 8 years
2025: €8k▼ -22.9% vs 2024
2018 → 2025
Working capital
€178k▲ 6.8%
2024 · €166k
2018: €142k
2019: €148k▲ +4.0% vs 2018
2020: €153k▲ +3.3% vs 2019
2021: €146k▼ -4.2% vs 2020
2022: €141k▼ -3.7% vs 2021lowest value
2024: €166k
2025: €178k▲ +6.8% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€151k▼ 5.5%€159k▲ 5.6%€170k▲ 6.4%€178k▲ 4.7%
2021: €160k
2022: €151k▼ -5.5% vs 2021lowest in 5 years
2023: €159k▲ +5.6% vs 2022
2024: €170k▲ +6.4% vs 2023
2025: €178k▲ +4.7% vs 2024highest in 5 years
Operating result€13k-€-3k€14k€16k▲ 12.7%€11k▼ 29.8%
2021: €13k
2022: €-3k▼ -122% vs 2021lowest in 5 years
2023: €14k▲ +599% vs 2022
2024: €16k▲ +12.7% vs 2023highest in 5 years
2025: €11k▼ -29.8% vs 2024
Net result€7k-€-9k€8k€10k▲ 22.0%€8k▼ 22.9%
2021: €7k
2022: €-9k▼ -224% vs 2021lowest in 5 years
2023: €8k▲ +195% vs 2022
2024: €10k▲ +22.0% vs 2023highest in 5 years
2025: €8k▼ -22.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €197k
Equity
€178k ▲ 4.7%
Debt
€19k ▲ 13.9%
Debt's share of the balance-sheet total rises from 9.2% to 9.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €20k
Cash flow
€11k▼
2024 · €14k
Current ratio
10.12▼
2024 · 10.73
Debt to equity
0.11▲
2024 · 0.10
ROE
4.4%▼
2024 · 6.0%
ROA
4.0%▼
2024 · 5.5%
Interest coverage
2.44▼
2024 · 3.23
Debt ≤ 1 year
€19k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€187k€197k▲
Fixed assets21/28€3k-
Tangible fixed assets22/27€3k-
Furniture and vehicles24€3k-
Current assets29/58€183k€197k▲
Amounts receivable within one year40/41€117k€114k▼
Trade receivables40€64k€61k▼
Other amounts receivable41€53k€53k▲
Cash at bank and in hand54/58€66k€83k▲
Equity and liabilities
Total equity and liabilities10/49€187k€197k▲
Equity10/15€170k€178k▲
Contributions10/11€20k€20k=
Reserves13€118k€118k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€31k€39k▲
Amounts payable17/49€17k€19k▲
Amounts payable within one year42/48€17k€19k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Other amounts payable47/48€11k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Gross operating margin9900€20k€15k▼
Operating profit (loss)9901€16k€11k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€6k€6k=
Recurring financial charges65€6k€6k=
Profit (loss) for the period before taxes9903€10k€8k▼
Profit (loss) for the period9904€10k€8k▼
Profit (loss) for the period to be appropriated9905€10k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€39k▲
Profit (loss) brought forward from the previous period14P€21k€31k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €38k | €24k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €3k | = |
| Gross operating margin9900 | €55k | €25k | €18k | €20k | €15k | ▼ 24.7% |
| Operating profit (loss)9901 | €13k | €-3k | €14k | €16k | €11k | ▼ 29.8% |
| Financial income75/76B | - | €200 | - | - | €3k | - |
| Recurring financial income75 | - | €200 | - | - | €3k | - |
| Financial charges65/66B | €6k | €6k | €6k | €6k | €6k | = |
| Recurring financial charges65 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) for the period before taxes9903 | €7k | €-9k | €8k | €10k | €8k | ▼ 22.9% |
| Profit (loss) for the period9904 | €7k | €-9k | €8k | €10k | €8k | ▼ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-9k | €8k | €10k | €8k | ▼ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €153k | €164k | €187k | €197k | ▲ 5.5% |
| Fixed assets21/28 | €14k | €10k | €7k | €3k | - | - |
| Tangible fixed assets22/27 | €14k | €10k | €7k | €3k | - | - |
| Furniture and vehicles24 | €14k | €10k | €7k | €3k | - | - |
| Current assets29/58 | €147k | €143k | €157k | €183k | €197k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €126k | €124k | €118k | €117k | €114k | ▼ 2.4% |
| Trade receivables40 | €80k | €72k | €68k | €64k | €61k | ▼ 5.2% |
| Other amounts receivable41 | €46k | €52k | €50k | €53k | €53k | ▲ 1.0% |
| Cash at bank and in hand54/58 | €21k | €19k | €40k | €66k | €83k | ▲ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €153k | €164k | €187k | €197k | ▲ 5.5% |
| Equity10/15 | €160k | €151k | €159k | €170k | €178k | ▲ 4.7% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €120k | €120k | €120k | €118k | €118k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Legal reserve130 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €16k | €16k | €16k | €16k | €16k | = |
| Distributable reserves133 | €102k | €102k | €102k | €102k | €102k | = |
| Profit (loss) carried forward14 | €22k | €13k | €21k | €31k | €39k | ▲ 25.2% |
| Amounts payable17/49 | €1k | €2k | €5k | €17k | €19k | ▲ 13.9% |
| Amounts payable after more than one year17 | - | - | €5k | - | - | - |
| Trade debts175 | - | - | €5k | - | - | - |
| Amounts payable within one year42/48 | €1k | €2k | - | €17k | €19k | ▲ 13.9% |
| Trade debts44 | €1k | €2k | - | €6k | €5k | ▼ 17.7% |
| Suppliers440/4 | €1k | €2k | - | €6k | €5k | ▼ 17.7% |
| Other amounts payable47/48 | - | - | - | €11k | €15k | ▲ 29.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-9k | €8k | €10k | €8k | ▼ 22.9% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €10k | €-5k | €12k | €14k | €11k | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €-2k | €21k | €27k | €16k | ▼ 38.0% |
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
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 33 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €10k ▲22%
Operating result €16k, net result €10k, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Liquidity times 6current ratio 142.65
Current ratio from 22.98 to 142.65; short-term debt falls from €7k to €1k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Equity above €150kEq €153k ▲3.3%
3 profitable years in a row build equity to €153k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
Financial 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
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, Brugge
Ground area
1,271 m²
Building footprint
340 m²
Volume, LiDAR
4,634 m³
Parcel 31808M0466/02V003, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0466/02V003 | Flanders | 1,271 m² | 1 · 340 m² | 18.4 m · 5 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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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,487 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.