MALU
ActiveMALU has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.28M and a net result of €819k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 40% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+10
Solvency66▼-22
Growth66▲+3
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.62 in 2024), and 63.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
36.5%
Return on assets
3.2%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
66 d early
2023
36 d early
2022
33 d early
2021
60 d early
2020
51 d early
2019
32 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€47.80M▲ 26.1%
2024 · €37.90M
2018: €38.45M
2019: €31.68M
2020: €44.39M
2021: €38.42M
2022: €42.18M
2023: €38.87M
2024: €37.90M
2018 → 2025
EBIT margin
3.8%▲ 0.4pp
2024 · 3.3%
2018: 2.5%
2019: 1.6%
2020: 2.3%
2021: 2.7%
2022: 1.4%
2023: 3.6%
2024: 3.3%
2018 → 2025
Net result
€819k▲ 133%
2024 · €351k
2018: €268k
2019: €-71k
2020: €257k
2021: €374k
2022: €2k
2023: €312k
2024: €351k
2018 → 2025
Working capital
€5.84M▲ 16.8%
2024 · €5.00M
2018: €8.07M
2019: €7.11M
2020: €6.90M
2021: €6.29M
2022: €5.29M
2023: €5.17M
2024: €5.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€38.42M-€42.18M▲ 9.8%€38.87M▼ 7.8%€37.90M▼ 2.5%€47.80M▲ 26.1%
Equity€9.23M-€9.23M=€9.54M▲ 3.4%€9.22M▼ 3.4%€9.28M▲ 0.6%
Operating result€1.04M-€576k▼ 44.5%€1.41M▲ 145%€1.26M▼ 10.7%€1.80M▲ 43.0%
Net result€374k-€2k▼ 99.4%€312k▲ 14,718%€351k▲ 12.5%€819k▲ 133%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.40M
Fixed assets
€4.12M▼ 4.3%
Current assets
€21.29M▲ 63.5%
Equity and liabilities €25.40M
Equity
€9.28M▲ 0.6%
Debt
€16.13M▲ 98.9%
The debt ratio rises from 46.8% to 63.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€2.07M▲
2024 · €1.54M
Cash flow
€1.09M▲
2024 · €636k
Solvency
36.5%▼
2024 · 53.2%
Current ratio
1.38▼
2024 · 1.62
Quick ratio
0.77▼
2024 · 1.13
Debt / equity
1.74▲
2024 · 0.88
ROE
8.8%▲
2024 · 3.8%
ROA
3.2%▲
2024 · 2.0%
Interest coverage
3.71▲
2024 · 2.03
Debt
€16.13M▲
2024 · €8.11M
Debt ≤ 1 year
€15.45M▲
2024 · €8.02M
Debt > 1 year
€21k▼
2024 · €47k
Income taxes
€337k▲
2024 · €140k
Staff costs
€2.38M▲
2024 · €1.99M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17.32M€25.40M▲
Fixed assets21/28€4.30M€4.12M▼
Intangible fixed assets21€268k€236k▼
Tangible fixed assets22/27€3.99M€3.83M▼
Land and buildings22€3.57M€3.49M▼
Plant, machinery and equipment23€236k€161k▼
Furniture and vehicles24€183k€178k▼
Financial fixed assets28€43k€49k▲
Other financial fixed assets284/8€43k€49k▲
Amounts receivable and cash guarantees285/8€43k€49k▲
Current assets29/58€13.02M€21.29M▲
Amounts receivable after more than one year29€1.85M€2.60M▲
Other amounts receivable291€1.85M€2.60M▲
Stocks and contracts in progress3€3.93M€9.44M▲
Stocks30/36€3.93M€9.44M▲
Raw materials and consumables30/31€177k€153k▼
Goods purchased for resale34€3.35M€8.92M▲
Advance payments36€406k€372k▼
Amounts receivable within one year40/41€5.50M€8.96M▲
Trade receivables40€5.28M€8.82M▲
Other amounts receivable41€225k€141k▼
Cash at bank and in hand54/58€816k€222k▼
Deferred charges and accrued income490/1€924k€61k▼
Equity and liabilities
Total equity and liabilities10/49€17.32M€25.40M▲
Equity10/15€9.22M€9.28M▲
Contributions10/11€5.74M€5.74M=
Capital10€5.28M€5.28M=
Issued capital100€5.28M€5.28M=
Outside capital11€460k€460k=
Share premium1100/10€460k€460k=
Revaluation surpluses12€1.88M€1.88M=
Reserves13€1.59M€1.65M▲
Non-distributable reserves130/1€119k€160k▲
Legal reserve130€119k€160k▲
Tax-exempt reserves132€121k€112k▼
Distributable reserves133€1.35M€1.38M▲
Amounts payable17/49€8.11M€16.13M▲
Amounts payable after more than one year17€47k€21k▼
Financial debts170/4€47k€21k▼
Credit institutions173€47k€21k▼
Amounts payable within one year42/48€8.02M€15.45M▲
Current portion of amounts payable after more than one year42€68k€26k▼
Financial debts43€6.92M€13.31M▲
Credit institutions430/8€6.92M€13.31M▲
Trade debts44€793k€1.08M▲
Suppliers440/4€793k€1.08M▲
Taxes, remuneration and social security45€242k€275k▲
Taxes450/3€27k€94k▲
Remuneration and social security454/9€215k€181k▼
Other amounts payable47/48-€759k
Accrued charges and deferred income492/3€39k€657k▲
Income statement
Code20242025
Operating income70/76A€37.92M€47.83M▲
Turnover70€37.90M€47.80M▲
Other operating income74€22k€30k▲
Non-recurring operating income76A€413-
Operating charges60/66A€36.66M€46.03M▲
Goods for resale, raw materials and consumables60€31.98M€40.64M▲
Purchases600/8€25.31M€46.30M▲
Change in stocks: decrease (increase)609€6.67M€-5.66M▼
Services and other goods61€2.37M€2.58M▲
Remuneration, social security and pensions62€1.99M€2.38M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€284k€272k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€122k▲
Other operating charges640/8€40k€40k▲
Operating profit (loss)9901€1.26M€1.80M▲
Financial income75/76B€135k€72k▼
Recurring financial income75€135k€72k▼
Income from current assets751€37k€49k▲
Other financial income752/9€98k€23k▼
Financial charges65/66B€902k€714k▼
Recurring financial charges65€902k€714k▼
Debt charges650€759k€559k▼
Other financial charges652/9€143k€156k▲
Profit (loss) for the period before taxes9903€491k€1.16M▲
Income taxes67/77€140k€337k▲
Taxes670/3€140k€337k▲
Profit (loss) for the period9904€351k€819k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€360k€827k▲
Appropriation of the result
Profit (loss) to be appropriated9906€360k€827k▲
Transfer from equity791/2€675k-
From reserves792€675k-
Transfer to equity691/2€360k€68k▼
To the legal reserve6920€18k€41k▲
To other reserves6921€342k€27k▼
Profit to be distributed694/7€675k€759k▲
Return on contributions (dividend)694€675k€759k▲
Social balance
Average headcount (FTE)908723.024.9▲
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €819k ▲133%
Operating result €1.80M, net result €819k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €257k
Net result €257k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet €-71k ▼127%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Duffel · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsstraat 292570 DuffelGround area
1.2 ha
Building footprint
5,599 m²
Parcel 12302B0249/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 29, 2570 Duffel
since 19922.018.738.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302B0249/00L000 | Flanders | 1.2 ha | 1 · 5,599 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 30,728 EUR awarded · 30,474 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 11,021 EUR | 10,767 EUR |
| 2024 | 3 | 3,413 EUR | 3,413 EUR |
| 2023 | 1 | 7,261 EUR | 7,261 EUR |
| 2022 | 2 | 9,033 EUR | 9,033 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300XE72EUKWF84U30
Similar companies · same sector, comparable size
VAN DER ERVE
BE 0440.795.120
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PROSTOR
BE 0464.706.808
Kortrijk · Eq €8.40M
DIVO TRADING
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VERIAC
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Kontich · Eq €10.94M
Of 683 companies in sector 46412 we hold annual accounts for 512. 104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-1974
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
51410
51421
46422Wholesale trade
46424Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.