MALUCO
Bankruptcy closedInactive since 03-07-2026; last annual accounts for fiscal year 2022.
Summary
MALUCO was declared bankrupt on 06-02-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 01-07-2026, published in the Belgian State Gazette on 06-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-07-2023, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
17 d early
2021
41 d early
2020
44 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, abbreviated schema
Equity
€790,261▲ 42.1%
2021 · €556,053
Total assets
€1.7m▲ 54.2%
2021 · €1.1m
Net result
€234,208▲ 9.4%
2021 · €214,061
Working capital
€151,161▼ 37.2%
2021 · €240,526
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
Line20182019202020212022
Operating result€185,499-€202,247▲ 9.0%€164,575▼ 18.6%€246,860▲ 50.0%€338,061▲ 36.9%
Net result€155,362-€185,088▲ 19.1%€149,570▼ 19.2%€214,061▲ 43.1%€234,208▲ 9.4%
Equity€957,333-€1.1m▲ 19.3%€341,992▼ 70.1%€556,053▲ 62.6%€790,261▲ 42.1%
Total assets€1.0m-€1.2m▲ 15.6%€1.4m▲ 20.9%€1.1m▼ 24.0%€1.7m▲ 54.2%
Debt€56,431-€29,800▼ 47.2%€1.1m▲ 3,508%€502,827▼ 53.2%€768,408▲ 52.8%
Working capital-€1,296-€217,540-€294,128€240,526€151,161▼ 37.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Total assets +54% on 2021. Cause not known from the registers.
- 2021 Equity +63% on 2020. Cause not known from the registers.
- 2020 Equity -70% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 37% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▲ 88.5%
Current assets
€189,569 ▼ 36.1%
Equity and liabilities €1.7m
Equity
€790,261 ▲ 42.1%
Provisions
€102,391 ▲ 457%
Debt
€768,408 ▲ 52.8%
Debt's share of the balance-sheet total falls from 46.7% to 46.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€405,561▲
2021 · €278,104
Cash flow
€301,708▲
2021 · €245,305
Current ratio
4.94▼
2021 · 5.27
Debt to equity
0.97▲
2021 · 0.90
ROE
29.6%▼
2021 · 38.5%
ROA
14.1%▼
2021 · 19.9%
Interest coverage
18.30▼
2021 · 37.02
Debt ≤ 1 year
€38,408▼
2021 · €56,291
Debt > 1 year
€730,000▲
2021 · €446,536
Income taxes
-€399▼
2021 · €13,205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €73,564 | €336,000 | ▲ 357% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,748 | €33,748 | €33,748 | €31,244 | €67,501 | ▲ 116% |
| Other operating charges640/8 | - | - | - | €4,105 | €5,841 | ▲ 42.3% |
| Gross operating margin9900 | €223,176 | €239,853 | €202,452 | €282,209 | €411,402 | ▲ 45.8% |
| Operating profit (loss)9901 | €185,499 | €202,247 | €164,575 | €246,860 | €338,061 | ▲ 36.9% |
| Financial income75/76B | - | - | - | €6,310 | €1,911 | ▼ 69.7% |
| Recurring financial income75 | €30 | €251 | €4,365 | €6,310 | €1,911 | ▼ 69.7% |
| Financial charges65/66B | - | - | - | €7,512 | €22,163 | ▲ 195% |
| Recurring financial charges65 | €2,163 | €618 | €2,540 | €7,512 | €22,163 | ▲ 195% |
| Profit (loss) for the period before taxes9903 | €183,366 | €201,879 | €166,400 | €245,658 | €317,809 | ▲ 29.4% |
| Transfer to deferred taxes680 | - | - | - | €18,391 | €84,000 | ▲ 357% |
| Income taxes67/77 | €28,004 | €16,791 | €16,830 | €13,205 | -€399 | ▼ 103% |
| Profit (loss) for the period9904 | €155,362 | €185,088 | €149,570 | €214,061 | €234,208 | ▲ 9.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €55,173 | €252,000 | ▲ 357% |
| Profit (loss) for the period to be appropriated9905 | €155,362 | €185,088 | €149,570 | €158,889 | -€17,792 | ▼ 111% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.2m | €1.4m | €1.1m | €1.7m | ▲ 54.2% |
| Fixed assets21/28 | €970,629 | €936,882 | €903,134 | €780,454 | €1.5m | ▲ 88.5% |
| Tangible fixed assets22/27 | €479,176 | €445,428 | €411,681 | €289,000 | €980,037 | ▲ 239% |
| Land and buildings22 | - | - | - | €289,000 | €980,037 | ▲ 239% |
| Financial fixed assets28 | €491,454 | €491,454 | €491,454 | €491,454 | €491,454 | = |
| Current assets29/58 | €43,135 | €235,340 | €513,909 | €296,817 | €189,569 | ▼ 36.1% |
| Amounts receivable within one year40/41 | €3,371 | €105,271 | €493,675 | €31,251 | €176,820 | ▲ 466% |
| Other amounts receivable41 | - | - | - | €31,251 | €176,820 | ▲ 466% |
| Current investments50/53 | €10,546 | €120,562 | - | - | - | - |
| Cash at bank and in hand54/58 | €26,562 | €7,008 | €20,234 | €265,566 | €8,967 | ▼ 96.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,782 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.4m | €1.1m | €1.7m | ▲ 54.2% |
| Equity10/15 | €957,333 | €1.1m | €341,992 | €556,053 | €790,261 | ▲ 42.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | = |
| Reserves13 | €334,000 | €334,000 | €334,000 | €389,173 | €641,172 | ▲ 64.8% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | = |
| Other1319 | - | - | - | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €55,173 | €307,172 | ▲ 457% |
| Distributable reserves133 | - | - | - | €332,000 | €332,000 | = |
| Profit (loss) carried forward14 | €603,333 | €788,422 | -€12,008 | €146,880 | €129,088 | ▼ 12.1% |
| Provisions and deferred taxes16 | - | - | - | €18,391 | €102,391 | ▲ 457% |
| Deferred taxes168 | - | - | - | €18,391 | €102,391 | ▲ 457% |
| Amounts payable17/49 | €56,431 | €29,800 | €1.1m | €502,827 | €768,408 | ▲ 52.8% |
| Amounts payable after more than one year17 | €12,000 | €12,000 | €267,015 | €446,536 | €730,000 | ▲ 63.5% |
| Financial debts170/4 | - | - | - | €434,536 | €730,000 | ▲ 68.0% |
| Other amounts payable178/9 | - | - | - | €12,000 | - | - |
| Amounts payable within one year42/48 | €44,431 | €17,800 | €808,037 | €56,291 | €38,408 | ▼ 31.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,998 | - | - |
| Trade debts44 | €76 | - | - | - | €281 | - |
| Suppliers440/4 | - | - | - | - | €281 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,000 | €0 | ▼ 100.0% |
| Taxes450/3 | - | - | - | €5,000 | €0 | ▼ 100.0% |
| Other amounts payable47/48 | - | - | - | €18,293 | €38,127 | ▲ 108% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155,362 | €185,088 | €149,570 | €214,061 | €234,208 | ▲ 9.4% |
| + Depreciation and write-downs630 | €33,748 | €33,748 | €33,748 | €31,244 | €67,501 | ▲ 116% |
| Operating cash flow (approximation) | €189,110 | €218,836 | €183,318 | €245,305 | €301,708 | ▲ 23.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €91,436 | -€758,537 | ▼ 930% |
| Change in cash | - | -€19,554 | €13,226 | €245,331 | -€256,598 | ▼ 205% |
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
2026
06-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 01-07-2026
2025
12-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-02-2025
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €234,208 ▲9.4%
Operating result €338,061, net result €234,208, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 8current ratio 5.27
Current ratio from 0.64 to 5.27; short-term debt falls from €808,037 to €56,291.
31-12
Financial
Equity above €500,000Eq €556,053 ▲62.6%
4 profitable years in a row build equity to €556,053.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €149,570 ▼19.2%
Net result drops to €149,570, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 14current ratio 13.22
Current ratio from 0.97 to 13.22; short-term debt falls from €44,431 to €17,800.
31-12
Financial
Equity above €1mEq €1.1m ▲19.3%
2 profitable years in a row build equity to €1.1m.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
06-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Malle
Ground area
2,160 m²
Building footprint
611 m²
Volume, LiDAR
2,860 m³
Parcel 11049B0429/00E000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0429/00E000 | Flanders | 2,159 m² | 1 · 611 m² | 11.1 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTIAAN HENDRICKX CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
06-02-2025 → 01-07-2026 |
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- CONSTRUCT
- MALUCO
Highest known parent: CONSTRUCT. The sources do not say who stands above it.
Owners 1
- CONSTRUCTparentSourceaccounts CONSTRUCT 2022100%
Holdings 1
-
99.33%
According to the 2022 annual accounts of MALUCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-1999
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.