Financials
- Fiscal year
- 2025
- Total assets
- €561,338
- Profit
- €0
- Solvency
- 24.2%
Total assets▼ 10.3%
Net result
20222025
Malternative Belgium
ActiveSummary
Malternative Belgium has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,000 and a net result of €0. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 21938 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Retail sale of wines and spirits
NACE 47251
2 sites
Size
€561,338total assets 2025
- Equity
- €136,000
- Profit
- €0
Turnover not published (abridged schema)
Structure
Accounts 88 d early0 of 3 deeds read
Why 68- Founded in 2020- Liquidity: current ratio 1.79, cash €10,747, halved- Sector Retail trade (NACE 47)+ Size: total assets €561,338Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 32% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
49+2
equity 24.2% of total assets
Liquidity
28-10
short-term debt 49.3% · cash 1.9%
Profitability
31-17
return on assets 0.0%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.3%
12-2024: 1.3%● 0.0% vs 11-2024
01-2025: 1.3%▼ -0.7% vs 12-2024
02-2025: 1.3%▲ +0.6% vs 01-2025
03-2025: 1.4%▲ +2.7% vs 02-2025
04-2025: 1.9%▲ +37.3% vs 03-2025
05-2025: 2.5%▲ +33.7% vs 04-2025highest value
06-2025: 1.0%▼ -60.2% vs 05-2025
07-2025: 1.0%● 0.0% vs 06-2025
08-2025: 1.0%● 0.0% vs 07-2025
09-2025: 1.0%▼ -1.8% vs 08-2025
10-2025: 1.0%● 0.0% vs 09-2025
11-2025: 1.0%▲ +0.6% vs 10-2025
12-2025: 1.0%▲ +0.9% vs 11-2025
01-2026: 1.0%▼ -0.6% vs 12-2025
02-2026: 1.0%▼ -1.7% vs 01-2026
03-2026: 1.0%▲ +3.0% vs 02-2026
04-2026: 1.2%▲ +19.0% vs 03-2026
05-2026: 1.6%▲ +33.5% vs 04-2026
06-2026: 1.4%▼ -9.7% vs 05-2026
07-2026: 1.4%▼ -0.2% vs 06-2026
08-2026: 1.4%● 0.0% vs 07-2026
09-2026: 0.7%▼ -51.1% vs 08-2026lowest value
10-2026: 0.7%▲ +1.6% vs 09-2026
- Size: total assets €561,338 lowers the probability for this profile
- Founded in 2020 raises the probability for this profile
- Liquidity: current ratio 1.79, cash €10,747, halved raises the probability
- Sector Retail trade (NACE 47) raises the probability
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.99 in 2024; short-term debt: 49.3% and cash: 1.9% of total assets), but 75.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 40%, liquidity 25%, profitability 25%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 04-05-2026, 88 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
88 d early
2024
76 d early
2023
91 d early
2022
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 75 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 10 May (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet €0 ▼100%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2023
- Next accounts
- by 31-07-2027
- 04-05-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 16-05-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Retail sale of wines and spiritsNACE 47251
- Founded
- 20-10-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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