Malvini
ActiveSummary
Malvini has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-131k) and a net result of €-152k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-22
Solvency19▼-7
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 87.75 against 59.51 in 2023; short-term debt: 0.4% and cash: 0.3% of total assets), but equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5.8%
Return on assets
-6.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-131k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-05-2025, 79 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
79 d early
2023
113 d early
2022
124 d early
2021
24 d early
2020
58 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€-131k
2023 · €21k
Total assets
€2.24M▲ 35.9%
2023 · €1.65M
Net result
€-152k
2023 · €44k
Working capital
€774k▼ 12.2%
2023 · €882k
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
Line20202021202220232024
Operating result€9k€13k▲ 48.7%€16k▲ 17.0%€-2k€-174k▼ 11,358%
Net result€6k€29k▲ 360%€40k▲ 40.3%€44k▲ 9.6%€-152k
Equity€-92k▲ 6.4%€-63k▲ 31.2%€-23k▲ 63.7%€21k€-131k
Total assets€1.11M▲ 27.0%€1.52M▲ 36.1%€1.68M▲ 11.1%€1.65M▼ 2.1%€2.24M▲ 35.9%
Debt€1.21M▲ 23.6%€1.58M▲ 31.0%€1.71M▲ 8.1%€1.63M▼ 4.6%€2.37M▲ 45.7%
Working capital€558k▲ 80.3%€966k▲ 73.1%€1.15M▲ 19.1%€882k▼ 23.4%€774k▼ 12.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €174k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.24M
Fixed assets
€1.46M ▲ 93.9%
Current assets
€783k ▼ 12.7%
Key figures and ratios
EBITDA
€-33k▼
2023 · €22k
Cash flow
€-11k▼
2023 · €68k
Solvency
-5.8%▼
2023 · 1.3%
Current ratio
87.75▲
2023 · 59.51
Debt to equity
-18.15▼
2023 · 76.93
ROA
-6.8%▼
2023 · 2.7%
Interest coverage
-1.27▼
2023 · 1.18
Debt ≤ 1 year
€9k▼
2023 · €15k
Debt > 1 year
€2.36M▲
2023 · €1.61M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €19k | €24k | €141k | ▲ 492% |
| Other operating charges640/8 | - | €969 | €1k | €1k | €4k | ▲ 250% |
| Gross operating margin9900 | €27k | €32k | €35k | €23k | €-29k | ▼ 223% |
| Operating profit (loss)9901 | €9k | €13k | €16k | €-2k | €-174k | ▼ 11,358% |
| Financial income75/76B | - | €34k | €44k | €64k | €48k | ▼ 25.5% |
| Recurring financial income75 | €11k | €34k | €44k | €64k | €48k | ▼ 25.5% |
| Financial charges65/66B | - | €19k | €20k | €19k | €26k | ▲ 37.4% |
| Recurring financial charges65 | €14k | €19k | €20k | €19k | €26k | ▲ 37.4% |
| Profit (loss) for the period before taxes9903 | €6k | €29k | €40k | €44k | €-152k | ▼ 445% |
| Profit (loss) for the period9904 | €6k | €29k | €40k | €44k | €-152k | ▼ 445% |
| Profit (loss) for the period to be appropriated9905 | €6k | €29k | €40k | €44k | €-152k | ▼ 445% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.52M | €1.68M | €1.65M | €2.24M | ▲ 35.9% |
| Fixed assets21/28 | €548k | €543k | €524k | €751k | €1.46M | ▲ 93.9% |
| Tangible fixed assets22/27 | €548k | €543k | €524k | €751k | €1.46M | ▲ 93.9% |
| Land and buildings22 | - | €543k | €524k | €751k | €1.46M | ▲ 93.9% |
| Current assets29/58 | €566k | €972k | €1.16M | €897k | €783k | ▼ 12.7% |
| Amounts receivable after more than one year29 | - | €665k | €853k | €874k | €764k | ▼ 12.6% |
| Trade receivables290 | - | €665k | €853k | €874k | €764k | ▼ 12.6% |
| Stocks and contracts in progress3 | €280k | €280k | €280k | - | - | - |
| Stocks30/36 | - | €280k | €280k | - | - | - |
| Amounts receivable within one year40/41 | €14k | €24k | €20k | €20k | €12k | ▼ 42.2% |
| Trade receivables40 | - | €24k | €20k | €14k | €12k | ▼ 18.3% |
| Other amounts receivable41 | - | - | - | €6k | - | - |
| Cash at bank and in hand54/58 | €7k | €4k | €2k | €2k | €7k | ▲ 222% |
| Deferred charges and accrued income490/1 | - | - | €3k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.52M | €1.68M | €1.65M | €2.24M | ▲ 35.9% |
| Equity10/15 | €-92k | €-63k | €-23k | €21k | €-131k | ▼ 717% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-142k | €-113k | €-73k | €-29k | €-181k | ▼ 526% |
| Amounts payable17/49 | €1.21M | €1.58M | €1.71M | €1.63M | €2.37M | ▲ 45.7% |
| Amounts payable after more than one year17 | €1.19M | €1.57M | €1.69M | €1.61M | €2.36M | ▲ 46.3% |
| Financial debts170/4 | - | €1.56M | €1.69M | €1.61M | €2.36M | ▲ 46.3% |
| Other amounts payable178/9 | - | €9k | €9k | - | - | - |
| Amounts payable within one year42/48 | €7k | €6k | €8k | €15k | €9k | ▼ 40.8% |
| Trade debts44 | €5k | €5k | €6k | €15k | €8k | ▼ 48.4% |
| Suppliers440/4 | - | €5k | €6k | €15k | €8k | ▼ 48.4% |
| Taxes, remuneration and social security45 | - | €766 | €2k | €223 | €1k | ▲ 469% |
| Taxes450/3 | - | €766 | €2k | €223 | €1k | ▲ 469% |
| Accrued charges and deferred income492/3 | - | €6k | €4k | - | €3k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €29k | €40k | €44k | €-152k | ▼ 445% |
| + Depreciation and write-downs630 | €17k | €18k | €19k | €24k | €141k | ▲ 492% |
| Operating cash flow (approximation) | €23k | €46k | €59k | €68k | €-11k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €-13k | €0 | €-251k | €-846k | ▼ 237% |
| Change in cash | - | €-3k | €-1k | €-200 | €5k | ▲ 2,425% |
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
2025
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-152k
Net result drops to €-152k, the lowest in the series.
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €44k ▲9.6%
Net result €44k, the highest in the series.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 156.87
Current ratio from 75.77 to 156.87; short-term debt falls from €7k to €6k.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2015
Ground area
1,366 m²
Building footprint
1,129 m²
Volume, LiDAR
6,678 m³
Parcel 11012A0285/00L005, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Malvini
since 20152.241.479.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0285/00L005 | Flanders | 1,366 m² | 1 · 1,129 m² | 10.7 m · 2 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.
Similar companies · same sector, comparable size
werk.lokaal
BE 1010.032.690
Gent · Eq €21,162
Rentinck
BE 0694.810.802
Sint-Truiden · Eq €21,112
Prix
BE 1009.069.125
Schoten · Eq €21,217
HUB Business Center
BE 0563.835.759
Temse · Eq €21,249
Flozon
BE 0884.517.462
Zonnebeke · Eq €21,037
Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 2,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64929Financial service activities, except insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.