MALVA
Open bankruptcyInactive; last annual accounts for fiscal year 2023.
Summary
A bankruptcy procedure is open for MALVA according to publications in the Belgian State Gazette.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-06-2024, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
50 d early
2022
115 d late
2021
71 d late
2020
39 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-66k▲ 2.1%
2022 · €-68k
2018: €-22khighest in 6 years
2019: €-29k▼ -32.0% vs 2018
2020: €-37k▼ -26.7% vs 2019
2021: €-49k▼ -33.8% vs 2020
2022: €-68k▼ -36.5% vs 2021lowest in 6 years
2023: €-66k▲ +2.1% vs 2022
2018 → 2023
Total assets
€5k▲ 2.2%
2022 · €5k
2018: €47khighest in 6 years
2019: €39k▼ -16.4% vs 2018
2020: €38k▼ -3.3% vs 2019
2021: €12k▼ -69.2% vs 2020
2022: €5k▼ -56.4% vs 2021lowest in 6 years
2023: €5k▲ +2.2% vs 2022
2018 → 2023
Net result
€1k
2022 · €-18k
2018: €-8k
2019: €-7k▲ +14.9% vs 2018
2020: €-8k▼ -10.0% vs 2019
2021: €-12k▼ -60.5% vs 2020
2022: €-18k▼ -44.5% vs 2021lowest in 6 years
2023: €1k▲ +108% vs 2022highest in 6 years
2018 → 2023
Working capital
€-42k▲ 9.3%
2022 · €-46k
2018: €-21khighest in 6 years
2019: €-23k▼ -10.6% vs 2018
2020: €-26k▼ -11.4% vs 2019
2021: €-33k▼ -30.4% vs 2020
2022: €-46k▼ -38.8% vs 2021lowest in 6 years
2023: €-42k▲ +9.3% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-29k-€-37k▼ 26.7%€-49k▼ 33.8%€-68k▼ 36.5%€-66k▲ 2.1%
2019: €-29khighest in 5 years
2020: €-37k▼ -26.7% vs 2019
2021: €-49k▼ -33.8% vs 2020
2022: €-68k▼ -36.5% vs 2021lowest in 5 years
2023: €-66k▲ +2.1% vs 2022
Operating result€-4k-€-7k▼ 92.9%€-12k▼ 67.9%€-16k▼ 40.5%€2k
2019: €-4k
2020: €-7k▼ -92.9% vs 2019
2021: €-12k▼ -67.9% vs 2020
2022: €-16k▼ -40.5% vs 2021lowest in 5 years
2023: €2k▲ +111% vs 2022highest in 5 years
Net result€-7k-€-8k▼ 10.0%€-12k▼ 60.5%€-18k▼ 44.5%€1k
2019: €-7k
2020: €-8k▼ -10.0% vs 2019
2021: €-12k▼ -60.5% vs 2020
2022: €-18k▼ -44.5% vs 2021lowest in 5 years
2023: €1k▲ +108% vs 2022highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €2k after a loss of €16k in 2022, the highest result in the available series.
Key figures and ratios
EBITDA
€2k▲
2022 · €-14k
Cash flow
€1k▲
2022 · €-16k
Current ratio
0.11▲
2022 · 0.05
Debt to equity
-1.08▼
2022 · -1.08
ROA
26.9%▲
2022 · -351.8%
Interest coverage
5.02▲
2022 · -8.29
Debt
€71k▼
2022 · €73k
Debt ≤ 1 year
€47k▼
2022 · €49k
Debt > 1 year
€24k=
2022 · €24k
A ratio outside any meaningful range has been withheld (balance sheet total €5k, equity €-66k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 47 lines
Balance sheet
Code20222023
Assets
Total assets20/58€5k€5k▲
Fixed assets21/28€3k€0▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€3k€0▼
Plant, machinery and equipment23€288€0▼
Furniture and vehicles24€3k€0▼
Other tangible fixed assets26€0-
Current assets29/58€2k€5k▲
Amounts receivable within one year40/41€678€170▼
Trade receivables40€134€0▼
Other amounts receivable41€544€170▼
Cash at bank and in hand54/58€1k€5k▲
Deferred charges and accrued income490/1€167€0▼
Equity and liabilities
Total equity and liabilities10/49€5k€5k▲
Equity10/15€-68k€-66k▲
Contributions10/11€6k€6k=
Reserves13€3k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1k€0▼
Profit (loss) carried forward14€-77k€-74k▲
Amounts payable17/49€73k€71k▼
Amounts payable after more than one year17€24k€24k=
Financial debts170/4€24k€24k=
Amounts payable within one year42/48€49k€47k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€261€9▼
Taxes450/3€261€9▼
Other amounts payable47/48€44k€45k▲
Income statement
Code20222023
Non-recurring operating income76A€51€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€589▼
Non-recurring operating charges66A€6k€288▼
Gross operating margin9900€-6k€3k▲
Operating profit (loss)9901€-16k€2k▲
Financial income75/76B€17€0▼
Recurring financial income75€17€0▼
Financial charges65/66B€2k€351▼
Recurring financial charges65€2k€351▼
Profit (loss) for the period before taxes9903€-18k€1k▲
Profit (loss) for the period9904€-18k€1k▲
Profit (loss) for the period to be appropriated9905€-18k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-76k▲
Profit (loss) brought forward from the previous period14P€-59k€-77k▼
Transfer from equity791/2-€1k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €51 | €7k | ▲ 14,319% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €5k | €4k | €2k | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6k | €0 | - | - |
| Other operating charges640/8 | - | - | €1k | €2k | €589 | ▼ 62.6% |
| Non-recurring operating charges66A | - | - | €52 | €6k | €288 | ▼ 95.3% |
| Gross operating margin9900 | €5k | €-978 | €-454 | €-6k | €3k | ▲ 141% |
| Operating profit (loss)9901 | €-4k | €-7k | €-12k | €-16k | €2k | ▲ 111% |
| Financial income75/76B | - | - | €3 | €17 | €0 | ▼ 99.9% |
| Recurring financial income75 | €16 | €3 | €3 | €17 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | €853 | €2k | €351 | ▼ 79.5% |
| Recurring financial charges65 | €3k | €852 | €853 | €2k | €351 | ▼ 79.5% |
| Profit (loss) for the period before taxes9903 | €-7k | €-8k | €-12k | €-18k | €1k | ▲ 108% |
| Profit (loss) for the period9904 | €-7k | €-8k | €-12k | €-18k | €1k | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-8k | €-12k | €-18k | €1k | ▲ 108% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €38k | €12k | €5k | €5k | ▲ 2.2% |
| Fixed assets21/28 | €18k | €13k | €8k | €3k | €0 | ▼ 100% |
| Intangible fixed assets21 | €900 | €600 | €300 | €0 | - | - |
| Tangible fixed assets22/27 | €17k | €12k | €8k | €3k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €2k | €288 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €0 | €3k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €6k | €0 | - | - |
| Current assets29/58 | €22k | €26k | €4k | €2k | €5k | ▲ 136% |
| Amounts receivable within one year40/41 | €13k | €18k | €2k | €678 | €170 | ▼ 75.0% |
| Trade receivables40 | - | - | €998 | €134 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €1k | €544 | €170 | ▼ 68.8% |
| Cash at bank and in hand54/58 | €8k | €7k | €2k | €1k | €5k | ▲ 268% |
| Deferred charges and accrued income490/1 | - | - | €142 | €167 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €38k | €12k | €5k | €5k | ▲ 2.2% |
| Equity10/15 | €-29k | €-37k | €-49k | €-68k | €-66k | ▲ 2.1% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €2k | ▼ 43.2% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €1k | €1k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €-39k | €-46k | €-59k | €-77k | €-74k | ▲ 3.7% |
| Amounts payable17/49 | €69k | €75k | €61k | €73k | €71k | ▼ 1.8% |
| Amounts payable after more than one year17 | €24k | €24k | €24k | €24k | €24k | = |
| Financial debts170/4 | - | - | €24k | €24k | €24k | = |
| Amounts payable within one year42/48 | €45k | €51k | €37k | €49k | €47k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Trade debts44 | €3k | €7k | €607 | €4k | €2k | ▼ 46.9% |
| Suppliers440/4 | - | - | €607 | €4k | €2k | ▼ 46.9% |
| Taxes, remuneration and social security45 | - | - | €453 | €261 | €9 | ▼ 96.4% |
| Taxes450/3 | - | - | €453 | €261 | €9 | ▼ 96.4% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €36k | €44k | €45k | ▲ 1.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-8k | €-12k | €-18k | €1k | ▲ 108% |
| + Depreciation and write-downs630 | €7k | €5k | €4k | €2k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €6 | €-3k | €-8k | €-16k | €1k | ▲ 109% |
| Investment in fixed assets (approximation) | - | €0 | €300 | €3k | €3k | ▲ 1.7% |
| Change in cash | - | €-2k | €-5k | €-201 | €4k | ▲ 1,940% |
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
2024
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 04-06-2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 5 loss-making years.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERT VERREYT BEGIJNENSTRAAT 17, 2300 TURN-
HOUT |
04-06-2024 → present |
| Curator | THOMAS VAN BOURGOGNIE BEGIJ-
NENSTRAAT 17, 2300 TURNHOUT |
04-06-2024 → present |
Recognitions · licences · registrations
Legal Entity Identifier
875500WAPOFWX6M13O57