Losses
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
The last five annual accounts were filed 15 to 72 days before the end of the period.
In July 2024, 1,548 companies had the same profile as Malt Attacks has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for Malt Attacks. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Malt Attacks Sint-Gillis (bij-Brussel) | €74,678 | €8,284 | 17.6% | - |
| N.T. Consult Charleroi | €89,938 | €8,951 | 34.3% | - |
| CARTJES Geel | €86,551 | €14,449 | -71.6% | - |
| Nat or Not Incourt | €70,571 | €4,408 | 1.3% | - |
| Cave du Domaine KL Bertrix | €47,997 | €5,829 | -0.9% | - |
| Vinogradoff Ghent | €104,208 | €10,258 | 60.8% | - |
| L'Origine des Sens Ellezelles | €98,521 | €10,957 | 11.2% | - |
These companies have the same main activity as Malt Attacks: retail sale of wines and spirits (NACE 47251). They are comparable in size and age: total assets between €48,000 and €104,000, founded between 2018 and 2020.
Malt Attacks files the micro format. That format states no turnover. The gross margin fell from €44,857 in 2020 to €8,284 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €65,000 and €280,000.
Higher than 36% of 25,237 companies in 2025.
Higher than 34% of 24,245 companies in 2025.
Higher than 20% of 24,434 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
74,678 | 87,251 | 144,204 | 128,526 | 114,881 | 93,797 | |
21/28 |
10,205 | 17,512 | 24,819 | 32,126 | 2,984 | 1,275 | |
22/27 |
10,205 | 17,512 | 24,819 | 32,126 | 2,984 | 1,275 | |
23 |
- | - | - | - | - | 1,275 | |
24 |
10,205 | 17,512 | 24,819 | 32,126 | 2,984 | - | |
29/58 |
64,474 | 69,739 | 119,386 | 96,401 | 111,897 | 92,522 | |
3 |
46,854 | 52,490 | 51,378 | 58,222 | 49,958 | 41,835 | |
30/36 |
46,854 | 52,490 | 51,378 | 58,222 | 49,958 | 41,835 | |
40/41 |
6,687 | 5,442 | 39,456 | 21,233 | 17,136 | 3,019 | |
40 |
6,025 | 5,442 | 34,583 | 13,794 | 14,853 | 3,019 | |
41 |
663 | - | 4,873 | 7,439 | 2,283 | - | |
54/58 |
9,899 | 11,385 | 27,703 | 15,530 | 44,064 | 47,668 | |
490/1 |
1,033 | 423 | 849 | 1,416 | 739 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
74,678 | 87,251 | 144,204 | 128,526 | 114,881 | 93,797 | |
10/15 |
13,175 | 18,394 | 28,363 | 33,631 | 42,219 | 25,931 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
16,288 | 16,288 | 16,288 | 16,288 | 16,288 | - | |
133 |
16,288 | 16,288 | 16,288 | 16,288 | 16,288 | - | |
14 |
-5,113 | 107 | 10,075 | 15,343 | 23,931 | 23,931 | |
17/49 |
61,503 | 68,857 | 115,842 | 94,896 | 72,662 | 67,867 | |
17 |
- | 5,196 | 14,028 | 22,768 | - | - | |
170/4 |
- | 5,196 | 14,028 | 22,768 | - | - | |
42/48 |
61,503 | 63,661 | 101,813 | 72,128 | 72,662 | 67,867 | |
42 |
5,196 | 8,833 | 11,728 | 13,056 | 4,409 | 1,680 | |
44 |
1,096 | 2,474 | 22,657 | 11,165 | 13,375 | 12,495 | |
440/4 |
1,096 | 2,474 | 22,657 | 11,165 | 13,375 | 12,495 | |
46 |
1,556 | - | - | - | 268 | - | |
45 |
9,541 | 8,606 | 15,117 | 9,334 | 15,892 | 16,914 | |
450/3 |
9,541 | 8,606 | 11,993 | 7,628 | 14,582 | 16,544 | |
454/9 |
- | - | 3,123 | 1,706 | 1,309 | 370 | |
47/48 |
44,115 | 43,748 | 52,311 | 38,573 | 38,719 | 36,777 | |
| Income statement | |||||||
9900 |
8,284 | 20,156 | 32,550 | 16,915 | 44,719 | 44,857 | |
62 |
41 | 14,126 | 19,161 | 13,423 | 10,559 | 2,573 | |
630 |
7,307 | 7,307 | 7,307 | 3,723 | 1,961 | 1,275 | |
631/4 |
-1,573 | 1,573 | 1,029 | - | - | - | |
640/8 |
6,803 | 4,928 | 8,131 | 6,369 | 7,142 | 6,861 | |
66A |
- | 650 | 103 | - | - | - | |
9901 |
-4,294 | -8,428 | -3,181 | -6,601 | 25,057 | 34,148 | |
75/76B |
1 | 352 | 346 | 13 | 1 | 2 | |
75 |
1 | 352 | 346 | 13 | 1 | 2 | |
65/66B |
786 | 1,892 | 2,306 | 1,997 | 1,925 | 1,623 | |
65 |
786 | 1,892 | 2,306 | 1,997 | 1,925 | 1,623 | |
9903 |
-5,080 | -9,968 | -5,141 | -8,584 | 23,134 | 32,527 | |
67/77 |
140 | - | 127 | 4 | 6,846 | 8,596 | |
9904 |
-5,219 | -9,968 | -5,268 | -8,588 | 16,288 | 23,931 | |
9905 |
-5,219 | -9,968 | -5,268 | -8,588 | 16,288 | 23,931 | |
| Appropriation of the result | |||||||
9906 |
-5,113 | 107 | 10,075 | 15,343 | 40,219 | 23,931 | |
14P |
107 | 10,075 | 15,343 | 23,931 | 23,931 | - | |
691/2 |
- | - | - | - | 16,288 | - | |
6921 |
- | - | - | - | 16,288 | - | |
| Social balance sheet | |||||||
9087 |
- | - | 1 | 0.9 | 1 | 0.2 | |
Hours worked1013 |
- | - | 950 | 1,156 | 1,656 | 312 | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-05-2026 | 2026-00117273 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00274815 | |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00113199 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00117459 | |
| 31-12-2021 | micro format | 24-05-2022 | 2022-20032780 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43100454 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 3,013 | -1,121 | 4,126 | -2,877 | 27,018 | 35,423 | ||
| 2,088 | -2,661 | 2,039 | -4,865 | 18,249 | 25,206 | ||
| 0 | 0 | 0 | 32,865 | 3,670 | 2,550 | ||
| -1,485 | -16,318 | 12,173 | -28,534 | -3,605 | - | ||
| 2,970 | 6,079 | 17,572 | 24,273 | 39,234 | 24,656 | ||
| 17.6% | 21.1% | 19.7% | 26.2% | 36.7% | 27.6% | ||
| 1.05 | 1.10 | 1.17 | 1.34 | 1.54 | 1.36 | ||
| 0.29 | 0.27 | 0.67 | 0.53 | 0.85 | 0.75 | ||
| 4.67 | 3.74 | 4.08 | 2.82 | 1.72 | 2.62 | ||
| -39.6% | -54.2% | -18.6% | -25.5% | 38.6% | 92.3% | ||
| -7.0% | -11.4% | -3.7% | -6.7% | 14.2% | 25.5% | ||
| 3.83 | -0.59 | 1.79 | -1.44 | 14.04 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | - | - | 1 |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.5 | 0.5 | 1 |
| 0.5 | 0.9 | 1 | |
| On a permanent contract | 1 | 1 | - |
| Joined | - | 1 | - |
| Left | - | 1 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €32,865 | €3,670 |
| €7,307 | €7,307 | €7,307 | €3,723 | €1,961 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,294, smaller than the loss of €8,428 in 2024.
Debt's share of the balance-sheet total rises from 78.9% to 82.4%. Equity and debt are lower.
Malt Attacks has no parent and no holdings in its annual accounts. is the only director.
| Association des copropriétaires à Saint-Gilles, avenue Jean Volders 18-20-22
registered office since 19-12-2008 |
founded in 2008 0809.850.921 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Malt Attacks was incorporated on 14 January 2020 as a private limited company by one natural person, with a starting capital of €2,000.12 Since 2020, has served as director.3 Total assets fell from €93,797 in 2020 to €74,678 in 2025 and headcount from 0.2 full-time equivalents in 2020 to 1 in 2023.4
| Establishment | Since | Unit number |
|---|---|---|
| Jean Volderslaan 18 registered office 1060 Sint-Gillis (bij-Brussel) | 14-01-2020 | 2.298.463.005 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21562A0033/00A005 | 472 m² | 1 · 281 m² | 27.8 m · 7 |
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