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MALUGA

Active Private limited companyfounded 1986active for 40 yearsDelleurlaan 19, 1170 Watermael-BoitsfortKBO/BCE: BE 0428.889.161
MALUGA
Financial year 2025
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Annual accounts 2025

micro format, filed on 24-09-2026, 55 days late
€61,181
▼ 75.5%
€15,746
▼ 92.6%
€6,872
▼ 95.3%
€216,090
▲ 17.9%
89.9%
▲ 2.4 percentage points
5.94
▲ 1.70

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 ≈ €180,000. Estimated: probably between €120,000 and €320,000.

Balance sheet

balance sheet total €434,993 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 434,993455,162311,266304,332387,199440,981518,458575,928624,518513,414474,276438,511477,954416,900471,043379,759351,288358,635344,236301,572
21/28 175,140215,201233,094254,966294,670320,767361,040386,954403,438279,809275,574254,759278,759227,400189,557200,377198,853206,935195,745190,822
22/27 175,140215,201233,094254,966294,670320,767361,040386,954403,438279,809275,574254,759278,759227,400189,557200,377198,853206,935195,745190,822
22 118,989118,989118,989118,989118,989118,989118,989118,989118,989118,989118,989118,989120,577128,349136,120143,892151,663159,435167,206174,978
23 55,25296,212114,105135,977175,681201,778242,051255,997260,516160,820156,140134,660156,40696,73445,00143,53930,58125,20322,96613,750
24 899------11,96823,933-4461,1111,7762,3188,43612,94616,60922,2985,5732,094
29/58 259,853239,96178,17249,36792,529120,214157,418188,974221,079233,605198,702183,751199,195189,500281,486179,382152,435151,699148,491110,750
29 ----------14,58014,58014,58014,58014,580-----
291 ----------14,58014,58014,58014,58014,580-----
40/41 2,472--790---19,17714,500--2,25446,73630,76456,5269,1902,84243,43360,56722,968
40 2,472-------------------
41 ---790---19,17714,500--2,25446,73630,76456,5269,1902,84243,43360,56722,968
50/53 ---------2,000----------
54/58 253,479232,90671,49340,93052,447111,2246,85311,3022,16653,59714,09315,6064,8306,65849,60545,15322,4726,2717,0487,254
490/1 3,9027,0556,6797,64640,0828,990150,565158,494204,414178,007170,029151,312133,049137,498160,775125,039127,121101,99580,87680,528
Balance sheet: equity and liabilities
10/49 434,993455,162311,266304,332387,199440,981518,458575,928624,518513,414474,276438,511477,954416,900471,043379,759351,288358,635344,236301,572
10/15 391,231398,358276,759261,771326,248312,132339,418251,020258,528216,285172,040156,99684,09490,26273,42668,91113,0921,453-37,343-35,261
10/11 40,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00086,76386,76386,763
100 ------40,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00086,76386,76386,763
13 199,119206,61991,61986,619111,61997,619122,619122,619122,619122,61982,61982,61932,61932,61932,61913,0009,0009,0009,0009,000
130/1 4,0004,0004,0004,0004,0004,000--------------
130 ------4,0004,0004,0004,0004,0004,0004,0004,0004,0004,000----
1311 4,0004,0004,0004,0004,0004,000--------------
132 9,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,000
133 186,119193,61978,61973,61998,61984,619109,619109,619109,619109,61969,61969,61919,61919,61919,619-----
14 152,112151,739145,140135,152174,629174,513176,80088,40195,90953,66649,42134,37711,47517,64380715,911-35,908-94,310-133,106-131,024
17/49 43,76256,80434,50742,56160,950128,849179,040324,908365,990297,129302,236281,515393,860326,639397,617310,848338,196357,181381,579336,833
17 -----20,68470,058135,306241,152220,727176,239212,053246,145252,303264,496284,481303,329321,104337,869225,736
170/4 -----20,68470,058135,306241,152220,727176,239212,053246,145252,303264,496284,481303,329321,104337,869225,736
42/48 43,76256,69134,39942,42260,809108,036108,529188,918124,57576,401125,30168,407147,71574,336133,12126,36734,45035,66042,53561,818
42 ----20,68449,37465,248105,846103,20050,70235,81434,09256,12643,69324,21623,08122,03924,33415,811-
43 ------------------3,40752,621
430/8 ------------------3,40749,236
439 -------------------3,385
44 4,9717,2391,7652,3081,3061,2531,2895,6877,0487,7187,7437,2645,6316,0412,9052,7332,4873,0302,7554,197
440/4 4,9717,2391,7652,3081,3061,2531,2895,6877,0487,7187,7437,2645,6316,0412,9052,7332,4873,0302,7554,197
45 14,92815,4631,6581,6129,48722,60526,44317,38412,79215,54020,04327,05215,95824,60128,0005539,9248,29620,5625,000
450/3 14,92815,4631,6581,6129,48722,60523,61014,55112,79215,54020,04327,05215,95824,60128,0005539,9248,29620,5625,000
454/9 ------2,8332,833------------
47/48 23,86433,98930,97738,50229,33234,80415,55060,0001,5362,44161,700-70,000-78,000-----
492/3 -113108139142129452685263-6961,054----4174171,17549,279
Income statement
76A -250750-19,619---------------
9900 61,181250,14268,16934,03466,59678,336229,762187,252131,672134,434157,988155,321146,091160,763156,059122,685126,02294,77673,663110,194
630 41,41033,00431,70139,70445,71646,47459,84357,41953,94528,74026,60224,00030,76827,53821,00019,77717,79317,11713,45111,306
640/8 4,0253,8833,72632,4323,55923,13524,71340,5044,83017,8853,3773,3673,3353,3053,2193,5013,5023,5502,6362,491
66A -------------61,000----43,028-
9901 15,746213,25532,742-38,10217,3218,727145,20689,32972,89787,809128,009127,954111,988129,920131,84099,407104,72774,10957,57696,397
75/76B 1,122981217311,55241693812142,2033,3804,1293,8005792,3044,5182,915205
75 1,122981217311,55241693812142,2033,3804,1293,8005792,3044,5182,915205
65/66B 6937537431,1973,1455,6428,47710,77112,49012,15513,55416,15817,68617,62018,16719,04420,44921,16519,29754,456
65 6937537431,1973,1455,6428,47710,77112,49012,15513,55416,15817,68617,62018,16719,04420,44921,16519,29754,456
9903 16,176213,48332,216-39,26815,7283,088136,73079,25260,41575,667114,470113,99997,68255,429117,47380,94286,58257,462-1,83442,146
67/77 9,30466,8832,2282101,6125,37448,33126,76018,17231,42139,42641,09733,85038,59354,57725,12328,18018,66524811,632
9904 6,872146,59929,988-39,47714,116-2,28688,39952,49242,24244,24575,04472,90263,83316,83662,89655,81958,40238,797-2,08230,514
9905 6,872146,59929,988-39,47714,116-2,28688,39952,49242,24244,24575,04472,90263,83316,83662,89655,81958,40238,797-2,08230,514
Appropriation of the result
9906 158,612291,739165,140135,152188,629174,513176,800148,40195,90993,666109,42184,37781,47517,64378,80719,911-35,908-94,310-133,106-131,024
14P 151,739145,140135,152174,629174,513---------------
791/2 14,00025,00015,00025,000-25,000--------------
691/2 6,500140,00020,000-14,000----40,000-50,000---4,000----
6920 ---------------4,000----
6921 6,500140,00020,000-14,000----40,000-50,000--------
694/7 14,00025,00015,00025,000-25,000-60,000--60,000-70,000-78,000-----
694 14,00025,00015,00025,000-25,000-60,000--60,000-70,000-78,000-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 55 days after the deadline. Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528319.

Financial year Type Filed Reference Document
31-12-2025 micro format 24-09-2026 2026-00528319 PDF
31-12-2024 micro format 04-08-2025 2025-00356229 PDF
31-12-2023 micro format 28-06-2024 2024-00175985 PDF
31-12-2022 micro format 03-07-2023 2023-00188811 PDF
31-12-2021 micro format 28-06-2022 2022-20099558 PDF
31-12-2020 micro format 17-08-2021 2021-49500435 PDF
31-12-2019 micro format 09-07-2020 2020-27600455 PDF
31-12-2018 micro format 22-08-2019 2019-48400191 PDF
31-12-2017 micro format 20-08-2018 2018-46500469 PDF
31-12-2016 micro format 09-08-2017 2017-41700525 PDF
31-12-2015 full format 10-08-2016 2016-41100454 PDF
31-12-2014 full format 29-06-2015 2015-21900441 PDF
31-12-2013 full format 20-08-2014 2014-43300117 PDF
31-12-2012 full format 30-07-2013 2013-36000382 PDF
31-12-2011 full format 28-08-2012 2012-45400562 PDF
31-12-2010 full format 23-08-2011 2011-41800456 PDF
31-12-2009 full format 20-07-2010 2010-31600364 PDF
31-12-2008 full format 31-08-2009 2009-66700239 PDF
31-12-2007 full format 24-07-2008 2008-44700195 PDF
31-12-2006 full format 27-08-2007 2007-60200064 PDF
31-12-2005 full format 21-06-2006 2006-27504827 PDF
30-11-2004 full format 06-06-2005 2005-21001969 PDF
30-11-2003 full format 21-06-2004 2004-27704281 PDF
30-11-2002 full format 18-09-2003 2003-67402890 PDF
30-11-2001 full format 03-10-2002 2002-62202847 PDF
30-11-2000 full format 13-07-2001 2001-37702292 PDF
30-11-1999 full format 20-09-2000 2000-57604660 PDF
30-11-1998 full format 16-03-2000 2000-06705182 PDF
30-11-1997 full format 26-10-1998 1998-54700593 PDF
30-11-1996 full format 01-09-1997 1997-41101718 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
57,156246,25964,4431,60263,03755,201205,049146,748126,842116,549154,611151,954142,757157,458152,840119,184122,52091,22671,027107,703
48,282179,60461,68922759,83244,188148,241109,91196,18772,985101,64596,90294,60144,37483,89675,59676,19555,91411,36941,820
1,34915,1119,829019,6196,20133,92940,935177,57432,97547,416082,12765,38210,18021,3019,71128,30818,37410,887
20,573161,41230,563-11,517-58,776104,371-4,4509,137-51,43239,505-1,51310,776-1,828-42,9474,45222,68116,201-777-206-
216,090183,27043,7736,94531,72112,17848,8895696,505157,20373,401115,34451,480115,164148,365153,015117,985116,040105,95648,932
89.9%87.5%88.9%86.0%84.3%70.8%65.5%43.6%41.4%42.1%36.3%35.8%17.6%21.7%15.6%18.1%3.7%0.4%-10.8%-11.7%
5.944.232.271.161.521.111.451.001.773.061.592.691.352.552.116.804.424.253.491.79
0.110.140.120.160.190.410.531.291.421.371.761.794.683.625.424.5125.83---
1.8%36.8%10.8%-15.1%4.3%-0.7%26.0%20.9%16.3%20.5%43.6%46.4%75.9%18.7%85.7%81.0%446.1%---
1.6%32.2%9.6%-13.0%3.6%-0.5%17.1%9.1%6.8%8.6%15.8%16.6%13.4%4.0%13.4%14.7%16.6%10.8%-0.6%10.1%
82.50over 10086.721.3420.04---------------

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,349€15,111€9,829--
€41,410€33,004€31,701€39,704€45,716

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MALUGA

The operating result for 2025 is 93% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total falls from 12.5% to 10.1%. Equity and debt are lower.

Next steps

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