MALUCO
ActiveSummary
The computed 12-month bankruptcy probability of MALUCO is 3.3% (moderate). The 2025 annual accounts show negative equity (-€147,031) and a net result of -€157,031. Its solvency ranks better than 11% of 12,775 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-01-2025 Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range) NACE 47521and 2 others
- Establishment unit
- 2.369.531.440 3270 Scherpenheuvel-Zichem, since 29-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- MALUMADirector · since 28-01-2025 · permanent representative MAES Matthias Johannes Roger
- IMMO MONTAIGUDirector · since 18-03-2025 · permanent representative Maes Lukas
- MALUMA100%2025 annual accounts of MALUMA
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.3%
- Gross margin
- -€109,949
- Loss
- €157,031
- Equity
- -€147,031
- Total assets
- €1.6m
- Employees on 31-12-2025
- 3
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€147,0311 change of registered office in 24 monthsLoss of €157,031 (financial year 2025)lowers riskFigures for financial year 2025 (filed on 17-06-2026)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 16% of them on solvency, 12% on liquidity and 15% on profitability.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-06-2026 at the NBB
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 3 |
| part-time | 0 |
| in full-time equivalents | 3 |
| Average over the year, in full-time equivalents | 1 |
| Joined | 4 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
| Item | 2025 |
|---|---|
| Debts guaranteed by Belgian public bodies | €275,000 |
| Pledge on the business | €1.1m |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €297,892 |
| Depreciation and write-downs of the year | €8,302 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €27,486 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,302 |
| Other operating charges640/8 | €2,748 |
| Gross operating margin9900 | -€109,949 |
| Operating profit (loss)9901 | -€148,486 |
| Financial income75/76B | €1,953 |
| Recurring financial income75 | €1,953 |
| Financial charges65/66B | €10,499 |
| Recurring financial charges65 | €10,499 |
| Profit (loss) for the period before taxes9903 | -€157,031 |
| Profit (loss) for the period9904 | -€157,031 |
| Profit (loss) for the period to be appropriated9905 | -€157,031 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.6m | |
| Formation expenses20 | €436 | |
| Fixed assets21/28 | €0.3m | |
| Tangible fixed assets22/27 | €0.3m | |
| Plant, machinery and equipment23 | €0.08m | |
| Leasing and similar rights25 | €0.05m | |
| Other tangible fixed assets26 | €0.2m | |
| Current assets29/58 | €1.3m | |
| Stocks and contracts in progress3 | €0.9m | |
| Stocks30/36 | €0.9m | |
| Amounts receivable within one year40/41 | €0.2m | |
| Trade receivables40 | €226 | |
| Other amounts receivable41 | €0.2m | |
| Cash at bank and in hand54/58 | €0.1m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.6m | |
| Equity10/15 | -€0.1m | |
| Contributions10/11 | €0.01m | |
| Profit (loss) carried forward14 | -€0.2m | |
| Amounts payable17/49 | €1.7m | |
| Amounts payable after more than one year17 | €0.2m | |
| Financial debts170/4 | €0.2m | |
| Amounts payable within one year42/48 | €1.5m | |
| Current portion of amounts payable after more than one year42 | €0.01m | |
| Trade debts44 | €1.3m | |
| Suppliers440/4 | €1.3m | |
| Advances received on contracts in progress46 | €0.004m | |
| Taxes, remuneration and social security45 | €0.003m | |
| Taxes450/3 | €0.001m | |
| Remuneration and social security454/9 | €0.002m | |
| Other amounts payable47/48 | €0.2m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€157,031 |
| + Depreciation and write-downs630 | €8,302 |
| Operating cash flow (approximation) | -€148,729 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 232 companies had the same profile as MALUCO has now. Two years later, 1.7% had gone bankrupt and 96.1% were still going.
- Micro
- under 2 years old
- negative equity
- a small loss
The bankruptcy probability of MALUCO itself is higher: 3.3% within 12 months. It rests on far more data about MALUCO than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 232 companies, not a prediction for MALUCO. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00168158 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
1 ownerChain of control
- MALUMA
- MALUCO
Owners 1
- MALUMAparentSourceaccounts MALUMA 2025Equity €791,223 Profit of €177,630 in 2025 (profit of €168,145 in 2024)100%
Capital transactions
- MALUMA (BE 0785.512.037) 1,000 shares (100%) · in cash
- 31-01-2025 Incorporation · 1,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MALUMA |
|
| IMMO MONTAIGU |
|
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
23-02
Gazette deed
Registered office moved from Bilzen-Hoeselt to Scherpenheuvel-ZichemPower of attorney7 points ▸
- Board meeting, 11-12-2025
- Registered-office move, Mannenberg 11-3270 Scherpenheuvel-Zichem
- Power of attorney, Kurt Koenen
- Power of attorney, Jos Martens
- Power of attorney, Steven Gils
- Power of attorney, Erwin Devis
- Power of attorney, Bert Masset
17-04
Gazette deed
Appointment: Immo Montaigu BV (director)Permanent representative: Maes Lukas · Declaration5 points ▸
- General meeting, 18-03-2025
- Director appointment, Immo Montaigu BV (director)
- Permanent representative, Maes Lukas
- Declaration, “benoembaarheid, niet getroffen door enige maatregel die zich tegen benoeming als bestuurder verzet” (deed in Dutch)
- Declaration, “aanvaarding mandaat” (deed in Dutch)
31-01
Gazette deed
IncorporationAppointment: MALUMA (director) · Permanent representative: MAES Matthias Johannes Roger · Founder8 points ▸
- Incorporation, 28-01-2025
- Founder, MALUMA
- Bank account, 10000, “vennootschap in oprichting” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Director appointment, MALUMA (director (not named in the articles))
- Permanent representative, MAES Matthias Johannes Roger
- Registered office clause, “3740 Bilzen-Hoeselt, Tongersestraat 75” (deed in Dutch)
- Founding capital
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 3740 Bilzen-Hoeselt until 08-12-2025 · act of 23-02-2026
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24098B0009/00B000 | Flanders | 5,408 m² | 1 · 2,278 m² | 6.6 m · 2 |