MALY
Annual accounts 2025
micro format, filed on 18-05-2026, 43 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Amounts without an identifiable currency are taken as euros.
Money flows
no detail for 2025Balance sheet
balance sheet total €104,535 on 30-11-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 201623 months | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
104,535 | 105,310 | 104,698 | 112,384 | 119,250 | 122,782 | 121,766 | 121,652 | 126,703 | 134,468 | 293,232 | 308,021 | 131,726 | 131,140 | 132,269 | 137,017 | 146,648 | 155,047 | 161,784 | |
21/28 |
102,206 | 102,206 | 102,206 | 109,873 | 118,015 | 118,481 | 119,399 | 120,620 | 122,173 | - | 273,615 | 284,583 | 109,060 | 110,754 | 105,890 | 113,231 | 125,258 | 134,527 | 148,795 | |
22/27 |
102,206 | 102,206 | 102,206 | 109,873 | 118,015 | 118,481 | 119,399 | 120,620 | 122,173 | 124,908 | 273,615 | 284,583 | 109,060 | 110,754 | 105,890 | 113,231 | 125,258 | 134,527 | 148,795 | |
22 |
102,206 | 102,206 | 102,206 | 109,873 | 118,015 | 118,481 | 119,399 | 120,539 | 121,963 | 124,568 | 273,026 | 283,865 | 108,211 | 109,788 | 103,803 | 107,252 | 115,684 | 120,016 | 128,401 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 933 | 4,638 | 9,574 | 14,511 | 20,395 | |
24 |
- | - | - | - | - | - | - | 81 | 210 | 340 | 589 | 718 | 848 | 966 | 1,154 | 1,342 | - | - | - | |
29/58 |
2,329 | 3,104 | 2,492 | 2,511 | 1,235 | 4,301 | 2,367 | 1,032 | 4,530 | 9,560 | 19,617 | 23,438 | 22,667 | 20,386 | 26,378 | 23,785 | 21,390 | 20,520 | 12,989 | |
40/41 |
- | - | - | - | - | - | - | - | - | - | 63 | 35 | 44 | 100 | 356 | 93 | 1,875 | 3,458 | 95 | |
40 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 305 | - | - | - | - | |
41 |
- | - | - | - | - | - | - | - | - | - | 63 | 35 | 44 | 100 | 51 | 93 | 1,875 | 3,458 | 95 | |
54/58 |
2,329 | 3,104 | 2,492 | 2,511 | 1,235 | 4,301 | 2,367 | 1,032 | 4,530 | 9,560 | 19,554 | 23,403 | 22,622 | 20,286 | 26,023 | 23,693 | 19,476 | 16,974 | 12,894 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39 | 88 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
104,535 | 105,310 | 104,698 | 112,384 | 119,250 | 122,782 | 121,766 | 121,652 | 126,703 | 134,468 | 293,232 | 308,021 | 131,726 | 131,140 | 132,269 | 137,017 | 146,648 | 155,047 | 161,784 | |
10/15 |
48,141 | 51,335 | 45,809 | 56,447 | 47,766 | 51,114 | 56,045 | 61,466 | 66,622 | 72,717 | 266,347 | 281,437 | 105,959 | 103,786 | 106,761 | 113,823 | 123,342 | 132,122 | 136,140 | |
10/11 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | - | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | |
10 |
- | - | - | - | - | - | - | - | - | 45,000 | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 45,000 | 45,000 | 45,000 | 45,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | |
12 |
68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 68,171 | 151,492 | 151,492 | - | - | - | - | - | - | - | |
13 |
6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 7,318 | 8,551 | 9,784 | 11,276 | |
130/1 |
- | - | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | - | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | |
1311 |
- | - | - | - | - | - | - | - | - | 6,088 | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | - | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | 6,088 | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,230 | 2,464 | 3,697 | 5,188 | |
133 |
6,088 | 6,088 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-71,118 | -67,925 | -73,450 | -62,812 | -71,493 | -68,145 | -63,214 | -57,794 | -52,638 | -46,542 | -131,233 | -116,143 | -140,128 | -142,302 | -139,327 | -133,495 | -125,209 | -117,662 | -115,136 | |
16 |
- | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | 634 | 1,269 | 1,903 | 2,671 | |
160/5 |
- | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 634 | 1,269 | 1,903 | 2,671 | |
17/49 |
56,393 | 53,975 | 58,888 | 55,937 | 41,484 | 41,668 | 35,721 | 30,186 | 30,081 | 31,751 | 26,884 | 26,584 | 25,767 | 27,354 | 25,508 | 22,560 | 22,038 | 21,021 | 22,972 | |
42/48 |
56,393 | 53,975 | 58,888 | 55,937 | 41,484 | 41,668 | 35,721 | 30,186 | 30,081 | 31,751 | 24,946 | 24,700 | 24,481 | 26,209 | 24,246 | 21,211 | 20,647 | 19,737 | 21,549 | |
44 |
400 | 387 | 384 | 348 | 492 | 296 | 85 | 85 | 63 | 1,763 | 111 | 77 | 102 | - | 1,798 | 96 | - | 393 | 566 | |
440/4 |
400 | 387 | 384 | 348 | 492 | 296 | 85 | 85 | 63 | 1,763 | 111 | 77 | 102 | - | 1,798 | 96 | - | 393 | 566 | |
45 |
- | - | 10,420 | 10,420 | - | - | - | - | - | 27,219 | 3,398 | 380 | 429 | 304 | 223 | 238 | 245 | 227 | 242 | |
450/3 |
- | - | 10,420 | 10,420 | - | - | - | - | - | 27,219 | 3,398 | 380 | 429 | 304 | 223 | 238 | 245 | 227 | 242 | |
47/48 |
55,994 | 53,588 | 48,084 | 45,169 | 40,991 | 41,372 | 35,636 | 30,102 | 30,018 | 2,769 | 21,436 | 24,243 | 23,951 | 25,905 | 22,226 | 20,877 | 20,402 | 19,118 | 20,740 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 1,938 | 1,884 | 1,286 | 1,145 | 1,261 | 1,349 | 1,391 | 1,284 | 1,424 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | 10,851 | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | - | - | 35,000 | - | - | - | - | - | - | - | |
9900 |
-2,200 | -3,952 | -2,035 | -1,874 | -2,025 | -2,786 | -3,005 | -2,410 | -2,053 | 153,776 | -869 | 3,008 | 7,914 | 9,830 | 8,599 | 6,735 | 7,647 | 10,330 | 8,311 | |
60/61 |
- | - | - | - | - | - | - | - | - | 15,688 | - | - | - | - | - | - | - | - | - | |
630 |
- | - | 7,667 | 8,142 | 466 | 918 | 1,221 | 1,553 | 2,736 | 9,032 | 10,969 | 10,969 | 2,591 | 9,880 | 13,375 | 14,004 | 13,772 | 14,268 | 14,268 | |
635/8 |
- | - | - | -30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
948 | 915 | 891 | 818 | 810 | 1,185 | 1,155 | 1,157 | 1,272 | 2,817 | 1,872 | 1,737 | 1,701 | 1,771 | 1,742 | 1,739 | 1,729 | 1,658 | 1,676 | |
9901 |
-3,148 | -4,866 | -10,593 | 19,166 | -3,301 | -4,889 | -5,381 | -5,120 | -6,061 | 111,927 | -13,709 | -9,698 | 3,623 | -1,820 | -6,518 | -9,009 | -7,854 | -5,595 | -7,633 | |
75/76B |
- | 16 | - | - | - | - | - | 5 | 10 | - | 244 | 236 | 296 | 326 | 338 | 499 | 108 | 384 | 404 | |
75 |
- | 16 | - | - | - | - | - | 5 | 10 | 144 | 244 | 236 | 296 | 326 | 338 | 499 | 108 | 384 | 404 | |
65/66B |
45 | 45 | 45 | 65 | 47 | 42 | 39 | 39 | 45 | - | 1,625 | 1,553 | 1,746 | 1,481 | 1,515 | 1,644 | 1,669 | 1,575 | 1,704 | |
65 |
45 | 45 | 45 | 65 | 47 | 42 | 39 | 39 | 45 | 140 | 1,625 | 1,553 | 1,746 | 1,481 | 1,515 | 1,644 | 1,669 | 1,575 | 1,704 | |
9903 |
-3,193 | -4,895 | -10,638 | 19,101 | -3,348 | -4,931 | -5,420 | -5,155 | -6,095 | 111,931 | -15,090 | 23,985 | 2,173 | -2,975 | -7,696 | -10,154 | -9,415 | -6,786 | -8,932 | |
67/77 |
- | -10,420 | - | 10,420 | - | - | - | 1 | - | 27,241 | - | - | - | - | - | - | - | -2,000 | -4 | |
9904 |
-3,193 | 5,525 | -10,638 | 8,681 | -3,348 | -4,931 | -5,420 | -5,156 | -6,095 | 84,690 | -15,090 | 23,985 | 2,173 | -2,975 | -7,062 | -9,519 | -8,780 | -4,018 | -8,160 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,230 | 1,233 | 1,233 | 1,492 | 1,492 | |
9905 |
-3,193 | 5,525 | -10,638 | 8,681 | -3,348 | -4,931 | -5,420 | -5,156 | -6,095 | 84,690 | -15,090 | 23,985 | 2,173 | -2,975 | -5,832 | -8,286 | -7,547 | -2,527 | -6,669 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-71,118 | -67,925 | -73,450 | -62,812 | -71,493 | -68,145 | -63,214 | -57,794 | -52,638 | -46,543 | -131,233 | -116,143 | -140,128 | -142,302 | -139,327 | -133,495 | -125,209 | -117,662 | -115,136 | |
14P |
-67,925 | -73,450 | -62,812 | -71,493 | -68,145 | - | - | - | - | -131,233 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 18-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | micro format | 18-05-2026 | 2026-00114531 | |
| 30-11-2024 | micro format | 27-06-2025 | 2025-00218875 | |
| 30-11-2023 | micro format | 21-06-2024 | 2024-00154677 | |
| 30-11-2022 | micro format | 26-06-2023 | 2023-00165288 | |
| 30-11-2021 | micro format | 23-06-2022 | 2022-20101906 | |
| 30-11-2020 | micro format | 29-06-2021 | 2021-27300535 | |
| 30-11-2019 | micro format | 07-07-2020 | 2020-27400156 | |
| 30-11-2018 | micro format | 24-06-2019 | 2019-22100188 | |
| 30-11-2017 | abbreviated format | 07-05-2018 | 2018-12300182 | |
| 30-11-2016 | abbreviated format | 08-05-2017 | 2017-11700111 | |
| 31-12-2014 | abbreviated format | 26-08-2015 | 2015-49200336 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-62000233 | |
| 31-12-2012 | abbreviated format | 26-07-2013 | 2013-37100017 | |
| 31-12-2011 | abbreviated format | 22-08-2012 | 2012-43600315 | |
| 31-12-2010 | abbreviated format | 17-08-2011 | 2011-40900111 | |
| 31-12-2009 | abbreviated format | 18-08-2010 | 2010-43000357 | |
| 31-12-2008 | abbreviated format | 28-08-2009 | 2009-64900303 | |
| 31-12-2007 | abbreviated format | 26-08-2008 | 2008-60700172 | |
| 31-12-2006 | abbreviated format | 28-08-2007 | 2007-61400289 | |
| 31-12-2005 | abbreviated format | 28-06-2006 | 2006-32802335 | |
| 31-12-2004 | abbreviated format | 23-06-2005 | 2005-30600536 | |
| 31-12-2003 | abbreviated format | 06-07-2004 | 2004-40701495 | |
| 31-12-2002 | abbreviated format | 11-06-2003 | 2003-20900275 | |
| 31-12-2001 | abbreviated format | 29-07-2002 | 2002-42400048 | |
| 31-12-2000 | abbreviated format | 26-07-2001 | 2001-42300004 | |
| 31-12-1999 | abbreviated format | 28-07-2000 | 2000-46500197 | |
| 31-12-1998 | abbreviated format | 10-08-1999 | 1999-40404379 | |
| 31-12-1997 | abbreviated format | 28-08-1998 | 1998-43101167 | |
| 31-12-1996 | abbreviated format | 12-12-1997 | 1997-56404381 | |
| 31-12-1995 | abbreviated format | 21-08-1996 | 1996-40704377 | |
| 31-12-1994 | abbreviated format | 10-07-1995 | 1995-38002011 | |
| 31-12-1993 | abbreviated format | 27-07-1994 | 1994-32603853 | |
| 31-12-1992 | abbreviated format | 22-10-1993 | 1993-41002776 | |
| 31-12-1991 | abbreviated format | 21-10-1992 | 1992-35902246 | |
| 31-12-1990 | abbreviated format | 14-10-1991 | 1991-28404069 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 201623 months | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | -2,926 | 27,308 | -2,835 | -3,971 | -4,160 | -3,567 | -3,325 | 120,959 | -2,740 | 1,271 | 6,213 | 8,059 | 6,857 | 4,996 | 5,918 | 8,673 | 6,635 | ||
| - | - | -2,971 | 16,823 | -2,881 | -4,013 | -4,199 | -3,603 | -3,360 | 93,722 | -4,121 | 34,954 | 4,764 | 6,905 | 6,313 | 4,485 | 4,992 | 10,250 | 6,108 | ||
| - | - | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -139,675 | -0 | 186,492 | 896 | 14,744 | 6,034 | 1,978 | 4,502 | 0 | - | ||
| -775 | 612 | -19 | 1,276 | -3,066 | 1,934 | 1,335 | -3,498 | -5,030 | -9,994 | -3,848 | 780 | 2,336 | -5,736 | 2,330 | 4,217 | 2,503 | 4,080 | - | ||
| -54,064 | -50,871 | -56,396 | -53,426 | -40,249 | -37,367 | -33,354 | -29,154 | -25,551 | -22,191 | -5,329 | -1,262 | -1,815 | -5,823 | 2,132 | 2,574 | 743 | 782 | -8,560 | ||
| 46.1% | 48.7% | 43.8% | 50.2% | 40.1% | 41.6% | 46.0% | 50.5% | 52.6% | 54.1% | 90.8% | 91.4% | 80.4% | 79.1% | 80.7% | 83.1% | 84.1% | 85.2% | 84.1% | ||
| 0.04 | 0.06 | 0.04 | 0.04 | 0.03 | 0.10 | 0.07 | 0.03 | 0.15 | 0.30 | 0.79 | 0.95 | 0.93 | 0.78 | 1.09 | 1.12 | 1.04 | 1.04 | 0.60 | ||
| 1.17 | 1.05 | 1.29 | 0.99 | 0.87 | 0.82 | 0.64 | 0.49 | 0.45 | 0.44 | 0.10 | 0.09 | 0.24 | 0.26 | 0.24 | 0.20 | 0.18 | 0.16 | 0.17 | ||
| -6.6% | 10.8% | -23.2% | 15.4% | -7.0% | -9.6% | -9.7% | -8.4% | -9.1% | 116.5% | -5.7% | 8.5% | 2.1% | -2.9% | -6.6% | -8.4% | -7.1% | -3.0% | -6.0% | ||
| -3.1% | 5.2% | -10.2% | 7.7% | -2.8% | -4.0% | -4.5% | -4.2% | -4.8% | 63.0% | -5.1% | 7.8% | 1.6% | -2.3% | -5.3% | -6.9% | -6.0% | -2.6% | -5.0% | ||
| - | - | -65.01 | over 100 | -60.54 | - | - | - | - | over 100 | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 41 days | - | - | - | - | - | - | - | - | - |
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.
Insights on MALY
The operating result for 2025 is a loss of €3,148, smaller than the loss of €4,866 in 2024.
Debt's share of the balance-sheet total rises from 51.3% to 53.9%. Equity is lower and debt is higher.