MALRE
ActiveSummary
The computed 12-month bankruptcy probability of MALRE is 1.6% (moderate). The 2024 annual accounts show equity of €45k and a net result of €-26k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 8966 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-95
Solvency58▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.99 in 2023; short-term debt: 67% and cash: 51.9% of total assets), and 67% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
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 2024Solvency, return and age of the figures
Solvency
33%
Return on assets
-19.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
27 d late
2022
29 d late
2021
75 d late
2020
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€45k▼ 36.9%
2023 · €71k
Total assets
€135k▼ 18.5%
2023 · €166k
Net result
€-26k
2023 · €35k
Working capital
€-10k▼ 888%
2023 · €-996
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
Line20202021202220232024
Operating result€73k-€18k▼ 75.8%€43k▲ 144%€46k▲ 6.2%€-26k
Net result€72k-€-3k€33k€35k▲ 7.7%€-26k
Equity€88k-€85k▼ 4.3%€35k▼ 58.4%€71k▲ 101%€45k▼ 36.9%
Total assets€147k-€148k▲ 0.6%€172k▲ 16.7%€166k▼ 3.7%€135k▼ 18.5%
Debt€58k-€63k▲ 8.2%€137k▲ 117%€95k▼ 30.5%€91k▼ 4.8%
Working capital€73k-€72k▼ 1.9%€22k▼ 68.9%€-996€-10k▼ 888%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €26k after €46k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135k
Fixed assets
€54k ▼ 24.0%
Current assets
€81k ▼ 14.2%
Equity and liabilities €135k
Equity
€45k ▼ 36.9%
Debt
€91k ▼ 4.8%
Debt's share of the balance-sheet total rises from 57.4% to 67.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2023 · €59k
Cash flow
€-9k▼
2023 · €48k
Current ratio
0.89▼
2023 · 0.99
Debt to equity
2.03▲
2023 · 1.35
ROE
-58.5%▼
2023 · 50.2%
ROA
-19.3%▼
2023 · 21.4%
Interest coverage
-32.65▼
2023 · 315.81
Debt ≤ 1 year
€91k▼
2023 · €95k
Income taxes
€257▼
2023 · €10k
Staff costs
€-263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €15k | €0 | - | €-263 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €15k | €14k | €13k | €17k | ▲ 34.0% |
| Other operating charges640/8 | - | €193 | €834 | €987 | €720 | ▼ 27.1% |
| Gross operating margin9900 | €102k | €47k | €57k | €60k | €-8k | ▼ 114% |
| Operating profit (loss)9901 | €73k | €18k | €43k | €46k | €-26k | ▼ 157% |
| Financial income75/76B | - | - | €50 | €3 | €231 | ▲ 8,455% |
| Recurring financial income75 | - | - | €50 | €3 | €231 | ▲ 8,455% |
| Financial charges65/66B | - | €702 | €460 | €185 | €262 | ▲ 41.4% |
| Recurring financial charges65 | €1k | €702 | €460 | €185 | €262 | ▲ 41.4% |
| Profit (loss) for the period before taxes9903 | €72k | €17k | €43k | €45k | €-26k | ▼ 157% |
| Income taxes67/77 | - | €20k | €10k | €10k | €257 | ▼ 97.4% |
| Profit (loss) for the period9904 | €72k | €-3k | €33k | €35k | €-26k | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | €72k | €-3k | €33k | €35k | €-26k | ▼ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147k | €148k | €172k | €166k | €135k | ▼ 18.5% |
| Fixed assets21/28 | €41k | €26k | €13k | €72k | €54k | ▼ 24.0% |
| Tangible fixed assets22/27 | €41k | €26k | €13k | €72k | €54k | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €167 | €0 | - | - | - |
| Furniture and vehicles24 | - | €26k | €13k | €72k | €54k | ▼ 24.0% |
| Current assets29/58 | €106k | €121k | €159k | €94k | €81k | ▼ 14.2% |
| Amounts receivable within one year40/41 | - | - | €6k | €12k | €7k | ▼ 42.6% |
| Trade receivables40 | - | - | €6k | €9k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €3k | €7k | ▲ 133% |
| Cash at bank and in hand54/58 | €106k | €121k | €153k | €78k | €70k | ▼ 10.4% |
| Deferred charges and accrued income490/1 | - | €189 | €319 | €4k | €4k | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147k | €148k | €172k | €166k | €135k | ▼ 18.5% |
| Equity10/15 | €88k | €85k | €35k | €71k | €45k | ▼ 36.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €2k | €0 | - | €2k | - |
| Profit (loss) carried forward14 | €68k | €64k | €15k | €50k | €24k | ▼ 51.9% |
| Amounts payable17/49 | €58k | €63k | €137k | €95k | €91k | ▼ 4.8% |
| Amounts payable after more than one year17 | €26k | €14k | €0 | - | - | - |
| Financial debts170/4 | - | €14k | €0 | - | - | - |
| Amounts payable within one year42/48 | €32k | €49k | €137k | €95k | €91k | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €12k | €14k | €0 | - | - |
| Trade debts44 | €1k | €1k | €2k | €3k | €2k | ▼ 40.3% |
| Suppliers440/4 | - | €1k | €2k | €3k | €2k | ▼ 40.3% |
| Taxes, remuneration and social security45 | - | €4k | €17k | €0 | - | - |
| Taxes450/3 | - | €4k | €17k | €0 | - | - |
| Other amounts payable47/48 | - | €32k | €105k | €93k | €89k | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | - | €60 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €-3k | €33k | €35k | €-26k | ▼ 173% |
| + Depreciation and write-downs630 | €29k | €15k | €14k | €13k | €17k | ▲ 34.0% |
| Operating cash flow (approximation) | €100k | €12k | €46k | €48k | €-9k | ▼ 118% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-72k | €0 | ▲ 100% |
| Change in cash | - | €15k | €32k | €-75k | €-8k | ▲ 89.1% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 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, Londerzeel · 1 establishment unit since 2019
Ground area
546 m²
Building footprint
91 m²
Volume, LiDAR
591 m³
Parcel 23048E0070/00V004, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MALRE
since 20192.283.659.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0070/00V004 | Flanders | 546 m² | 1 · 91 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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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,451 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
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.