MALY TOURS
ActiveMALY TOURS has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €282k and a net result of €73k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+81
Solvency100▲+2
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.67 against 3.19 in 2024), and 29.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.5%
Return on assets
18.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
30 d late
2022
6 d early
2021
20 d early
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€73k▲ 825%
2024 · €8k
2018: €25k
2019: €57k
2020: €-33k
2021: €-29k
2022: €90k
2023: €61k
2024: €8k
2018 → 2025
Working capital
€292k▲ 52.3%
2024 · €192k
2018: €181k
2019: €-104k
2020: €-119k
2021: €-128k
2022: €125k
2023: €191k
2024: €192k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€140k▲ 179%€201k▲ 43.9%€209k▲ 3.9%€282k▲ 34.9%
Operating result€-27k-€111k€89k▼ 20.3%€14k▼ 84.6%€98k▲ 616%
Net result€-29k-€90k€61k▼ 31.6%€8k▼ 87.2%€73k▲ 825%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 616% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€46k▼ 44.3%
Current assets
€355k▲ 26.9%
Equity and liabilities €400k
Equity
€282k▲ 34.9%
Debt
€118k▼ 22.4%
The debt ratio falls from 42.1% to 29.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€134k▲
2024 · €49k
Cash flow
€109k▲
2024 · €44k
Solvency
70.5%▲
2024 · 57.9%
Current ratio
5.67▲
2024 · 3.19
Quick ratio
5.67▲
2024 · 3.19
Debt / equity
0.42▼
2024 · 0.73
ROE
25.9%▲
2024 · 3.8%
ROA
18.2%▲
2024 · 2.2%
Interest coverage
53.20▲
2024 · 14.66
Debt
€118k▼
2024 · €152k
Debt ≤ 1 year
€63k▼
2024 · €88k
Debt > 1 year
€34k▼
2024 · €64k
Income taxes
€27k▲
2024 · €4k
Staff costs
€108k▼
2024 · €120k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€361k€400k▲
Fixed assets21/28€82k€46k▼
Tangible fixed assets22/27€82k€46k▼
Land and buildings22€60k€30k▼
Furniture and vehicles24€951€739▼
Other tangible fixed assets26€21k€15k▼
Current assets29/58€279k€355k▲
Amounts receivable after more than one year29€70k€73k▲
Trade receivables290€70k€73k▲
Amounts receivable within one year40/41€83k€62k▼
Trade receivables40€83k€62k▼
Cash at bank and in hand54/58€121k€214k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€361k€400k▲
Equity10/15€209k€282k▲
Contributions10/11€19k€19k=
Reserves13€191k€263k▲
Distributable reserves133€191k€263k▲
Amounts payable17/49€152k€118k▼
Amounts payable after more than one year17€64k€34k▼
Financial debts170/4€64k€34k▼
Amounts payable within one year42/48€88k€63k▼
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€12k€603▼
Suppliers440/4€12k€603▼
Taxes, remuneration and social security45€41k€31k▼
Taxes450/3€27k€15k▼
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€4k€461▼
Accrued charges and deferred income492/3€223€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€120k€108k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▲
Other operating charges640/8€10k€10k▲
Gross operating margin9900€180k€253k▲
Operating profit (loss)9901€14k€98k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€12k€100k▲
Income taxes67/77€4k€27k▲
Profit (loss) for the period9904€8k€73k▲
Profit (loss) for the period to be appropriated9905€8k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€73k▲
Transfer to equity691/2€8k€73k▲
To other reserves6921€8k€73k▲
Social balance
Average headcount (FTE)9087-2.0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €201k ▲43.9%
2 profitable years in a row build equity to €201k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €90k
Net result €90k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.68
Current ratio from 0.64 to 1.68; short-term debt falls from €353k to €183k.
31-12
Financial
Equity above €100kEq €140k ▲179%
Equity rises from €50k to €140k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-33k ▼158%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
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.
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, Brussel · 1 establishment unit since 1976
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Wandstraat 1321020 BrusselGround area
111 m²
Building footprint
114 m²
Volume, LiDAR
1,214 m³
Parcel 21818A0247/00F010, Brussels · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MALY TOURS
since 19762.012.809.287
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0247/00F010 | Brussels | 111 m² | 1 · 114 m² | 18.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
SYMVAYA REIZEN
BE 0453.148.267
Houthalen-Helchteren · Eq €285k
CIRKEL
BE 0459.487.218
Pelt · Eq €286k
Travel Unlimited
BE 0451.403.950
Kortrijk · Eq €278k
WDR TRAVEL
BE 0418.036.247
Hasselt · Eq €287k
GOLF DIRECT
BE 0881.452.163
Brasschaat · Eq €287k
Of 1,438 companies in sector 79110 we hold annual accounts for 880. 725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-09-1976
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.