MALQUI
ActiveSummary
MALQUI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€42,396) and a net result of -€6,322. Equity is shrinking by ~54.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+1
Solvency13▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.13 in 2024; short-term debt: 102.1% and cash: 14.4% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-12.1%
Return on assets
-1.8%
Age of the figures
9 mo
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 -€42,396
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
113 d late
2023
8 d early
2022
23 d early
2021
33 d early
2020
31 d early
2019
31 d late
← 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 5 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€42,396▼ 17.5%
2024 · -€36,074
Total assets
€350,960▼ 5.2%
2024 · €370,324
Net result
-€6,322▲ 35.3%
2024 · -€9,771
Working capital
-€307,638▲ 2.8%
2024 · -€316,528
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,877-€6,131▲ 22.2%-€9,903▼ 61.5%-€8,561▲ 13.6%-€5,409▲ 36.8%
Net result-€8,319-€7,759▲ 6.7%-€11,014▼ 42.0%-€9,771▲ 11.3%-€6,322▲ 35.3%
Equity-€7,530-€15,288▼ 103%-€26,302▼ 72.0%-€36,074▼ 37.2%-€42,396▼ 17.5%
Total assets€215,327▼ 4.3%€375,823▲ 74.5%€358,727▼ 4.5%€370,324▲ 3.2%€350,960▼ 5.2%
Debt€222,857▼ 0.6%€391,112▲ 75.5%€385,029▼ 1.6%€406,398▲ 5.5%€393,355▼ 3.2%
Working capital-€186,477▲ 2.1%-€297,826▼ 59.7%-€296,287▲ 0.5%-€316,528▼ 6.8%-€307,638▲ 2.8%
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 €5,409 in 2025 against €8,561 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350,960
Fixed assets
€300,250 ▼ 6.6%
Current assets
€50,710 ▲ 3.6%
Key figures and ratios
EBITDA
€15,703▲
2024 · €13,788
Cash flow
€14,790▲
2024 · €12,578
Solvency
-12.1%▼
2024 · -9.7%
Current ratio
0.14▲
2024 · 0.13
Debt to equity
-9.28▲
2024 · -11.27
ROA
-1.8%▲
2024 · -2.6%
Interest coverage
18.97▲
2024 · 15.50
Debt ≤ 1 year
€358,347▼
2024 · €365,490
Debt > 1 year
€35,008▼
2024 · €40,908
Income taxes
€385▼
2024 · €446
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.6%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 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 1,570 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,222 | €27,025 | €21,407 | €22,349 | €21,112 | ▼ 5.5% |
| Other operating charges640/8 | €946 | €1,732 | €1,955 | €2,496 | €3,242 | ▲ 29.9% |
| Gross operating margin9900 | €5,290 | €22,626 | €13,458 | €16,284 | €18,945 | ▲ 16.3% |
| Operating profit (loss)9901 | -€7,877 | -€6,131 | -€9,903 | -€8,561 | -€5,409 | ▲ 36.8% |
| Financial income75/76B | €0 | - | €5 | €125 | €300 | ▲ 141% |
| Recurring financial income75 | €0 | - | €5 | €125 | €300 | ▲ 141% |
| Financial charges65/66B | €155 | €1,420 | €960 | €889 | €828 | ▼ 6.9% |
| Recurring financial charges65 | €155 | €1,420 | €960 | €889 | €828 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€8,032 | -€7,551 | -€10,859 | -€9,326 | -€5,936 | ▲ 36.3% |
| Income taxes67/77 | €286 | €208 | €155 | €446 | €385 | ▼ 13.5% |
| Profit (loss) for the period9904 | -€8,319 | -€7,759 | -€11,014 | -€9,771 | -€6,322 | ▲ 35.3% |
| Profit (loss) for the period to be appropriated9905 | -€8,319 | -€7,759 | -€11,014 | -€9,771 | -€6,322 | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215,327 | €375,823 | €358,727 | €370,324 | €350,960 | ▼ 5.2% |
| Fixed assets21/28 | €178,947 | €336,556 | €316,712 | €321,362 | €300,250 | ▼ 6.6% |
| Tangible fixed assets22/27 | €178,947 | €336,556 | €316,712 | €321,362 | €300,250 | ▼ 6.6% |
| Land and buildings22 | €174,194 | €318,564 | €305,109 | €295,049 | €284,989 | ▼ 3.4% |
| Furniture and vehicles24 | €4,753 | €16,651 | €10,405 | €25,257 | €14,348 | ▼ 43.2% |
| Other tangible fixed assets26 | - | €1,341 | €1,198 | €1,056 | €913 | ▼ 13.5% |
| Current assets29/58 | €36,380 | €39,268 | €42,015 | €48,962 | €50,710 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €1,097 | €1,326 | €2,266 | €3,603 | €249 | ▼ 93.1% |
| Trade receivables40 | €946 | €45 | €1,198 | €3,237 | €185 | ▼ 94.3% |
| Other amounts receivable41 | €150 | €1,281 | €1,068 | €366 | €64 | ▼ 82.5% |
| Cash at bank and in hand54/58 | €35,218 | €37,316 | €39,749 | €45,359 | €50,460 | ▲ 11.2% |
| Deferred charges and accrued income490/1 | €65 | €625 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215,327 | €375,823 | €358,727 | €370,324 | €350,960 | ▼ 5.2% |
| Equity10/15 | -€7,530 | -€15,288 | -€26,302 | -€36,074 | -€42,396 | ▼ 17.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€32,530 | -€40,288 | -€51,302 | -€61,074 | -€67,396 | ▼ 10.4% |
| Amounts payable17/49 | €222,857 | €391,112 | €385,029 | €406,398 | €393,355 | ▼ 3.2% |
| Amounts payable after more than one year17 | - | €54,018 | €46,728 | €40,908 | €35,008 | ▼ 14.4% |
| Financial debts170/4 | - | €52,468 | €46,728 | €40,908 | €35,008 | ▼ 14.4% |
| Other amounts payable178/9 | - | €1,550 | - | - | - | - |
| Amounts payable within one year42/48 | €222,857 | €337,094 | €338,302 | €365,490 | €358,347 | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €5,662 | €5,740 | €5,820 | €5,900 | ▲ 1.4% |
| Trade debts44 | €744 | €340 | €361 | €4,474 | €1,881 | ▼ 58.0% |
| Suppliers440/4 | €744 | €340 | €361 | €4,474 | €1,881 | ▼ 58.0% |
| Taxes, remuneration and social security45 | €257 | €356 | €531 | €1,045 | €1,440 | ▲ 37.7% |
| Taxes450/3 | €257 | €356 | €531 | €1,045 | €1,440 | ▲ 37.7% |
| Other amounts payable47/48 | €221,856 | €330,736 | €331,670 | €354,152 | €349,126 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,319 | -€7,759 | -€11,014 | -€9,771 | -€6,322 | ▲ 35.3% |
| + Depreciation and write-downs630 | €12,222 | €27,025 | €21,407 | €22,349 | €21,112 | ▼ 5.5% |
| Operating cash flow (approximation) | €3,903 | €19,266 | €10,393 | €12,578 | €14,790 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€184,634 | -€1,563 | -€26,999 | €0 | ▲ 100% |
| Change in cash | - | €2,098 | €2,432 | €5,611 | €5,101 | ▼ 9.1% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,087
Net result €1,087 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2018
Ground area
2,078 m²
Building footprint
88 m²
Volume, LiDAR
353 m³
Parcel 92082B0332/00H000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MALQUI
since 20182.282.725.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082B0332/00H000 | Wallonia | 2,078 m² | 1 · 88 m² | 7.4 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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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 396 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
Founded09-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
86931Psychology services
Contact
Phone
0474889466Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707985083
Also
9925:BE0707985083
Registered
14-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.