Summary
MALYMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €388k and a net result of €167k. Equity is growing by ~67.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 9863 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9863 sector peers (2024).
NBB · sector comparisonPosition among 9863 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
25 d late
2021
2 d early
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€388k▲ 75.2%
2023 · €221k
2020: €26klowest in 5 years
2021: €44k▲ +69.8% vs 2020
2022: €132k▲ +200% vs 2021
2023: €221k▲ +67.5% vs 2022
2024: €388k▲ +75.2% vs 2023highest in 5 years
2020 → 2024
Net result
€167k▲ 86.6%
2023 · €89k
2020: €24k
2021: €12k▼ -50.1% vs 2020lowest in 5 years
2022: €88k▲ +639% vs 2021
2023: €89k▲ +1.2% vs 2022
2024: €167k▲ +86.6% vs 2023highest in 5 years
2020 → 2024
Total assets
€2.26M▲ 185%
2023 · €792k
2020: €35klowest in 5 years
2021: €208k▲ +489% vs 2020
2022: €447k▲ +115% vs 2021
2023: €792k▲ +77.1% vs 2022
2024: €2.26M▲ +185% vs 2023highest in 5 years
2020 → 2024
Solvency
17.2%▼ 10.8pp
2023 · 28.0%
2020: 73.4%highest in 5 years
2021: 21.2%▼ -71.2% vs 2020
2022: 29.6%▲ +39.6% vs 2021
2023: 28.0%▼ -5.4% vs 2022
2024: 17.2%▼ -38.6% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€44k▲ 69.8%€132k▲ 200%€221k▲ 67.5%€388k▲ 75.2%
2020: €26klowest in 5 years
2021: €44k▲ +69.8% vs 2020
2022: €132k▲ +200% vs 2021
2023: €221k▲ +67.5% vs 2022
2024: €388k▲ +75.2% vs 2023highest in 5 years
Operating result€31k-€18k▼ 41.6%€115k▲ 530%€125k▲ 9.1%€15k▼ 88.3%
2020: €31k
2021: €18k▼ -41.6% vs 2020
2022: €115k▲ +530% vs 2021
2023: €125k▲ +9.1% vs 2022highest in 5 years
2024: €15k▼ -88.3% vs 2023lowest in 5 years
Net result€24k-€12k▼ 50.1%€88k▲ 639%€89k▲ 1.2%€167k▲ 86.6%
2020: €24k
2021: €12k▼ -50.1% vs 2020lowest in 5 years
2022: €88k▲ +639% vs 2021
2023: €89k▲ +1.2% vs 2022
2024: €167k▲ +86.6% vs 2023highest 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 falls in 2024; 2024 is 88% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.26M
Fixed assets
€718k ▲ 62.5%
Current assets
€1.54M ▲ 340%
Equity and liabilities €2.26M
Equity
€388k ▲ 75.2%
Debt
€1.87M ▲ 228%
Debt's share of the balance-sheet total rises from 72.0% to 82.8%. Equity and debt are higher.
Key figures and ratios
ROE
42.9%▲
2023 · 40.3%
ROA
7.4%▼
2023 · 11.3%
Debt ≤ 1 year
€20k▼
2023 · €70k
Debt > 1 year
€1.84M▲
2023 · €495k
Income taxes
€8k▼
2023 · €30k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€792k€2.26M▲
Fixed assets21/28€442k€718k▲
Tangible fixed assets22/27€441k€717k▲
Land and buildings22€411k€551k▲
Furniture and vehicles24€30k€166k▲
Financial fixed assets28€1k€1k=
Current assets29/58€350k€1.54M▲
Amounts receivable after more than one year29€305k€1.45M▲
Other amounts receivable291€305k€1.45M▲
Amounts receivable within one year40/41€9k€30k▲
Trade receivables40€7k€12k▲
Other amounts receivable41€2k€18k▲
Cash at bank and in hand54/58€36k€61k▲
Equity and liabilities
Total equity and liabilities10/49€792k€2.26M▲
Equity10/15€221k€388k▲
Contributions10/11€8k€8k=
Reserves13€213k€378k▲
Distributable reserves133€213k€378k▲
Profit (loss) carried forward14€765€2k▲
Amounts payable17/49€571k€1.87M▲
Amounts payable after more than one year17€495k€1.84M▲
Other amounts payable178/9€495k€1.84M▲
Amounts payable within one year42/48€70k€20k▼
Trade debts44€10k€290▼
Suppliers440/4€10k€290▼
Taxes, remuneration and social security45€45k€10k▼
Taxes450/3€45k€10k▼
Other amounts payable47/48€14k€9k▼
Accrued charges and deferred income492/3€6k€17k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€40k▲
Other operating charges640/8€516€1k▲
Gross operating margin9900€128k€56k▼
Operating profit (loss)9901€125k€15k▼
Financial income75/76B€626€171k▲
Recurring financial income75€626€171k▲
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€11k▲
Profit (loss) for the period before taxes9903€120k€174k▲
Income taxes67/77€30k€8k▼
Profit (loss) for the period9904€89k€167k▲
Profit (loss) for the period to be appropriated9905€89k€167k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€167k▲
Profit (loss) brought forward from the previous period14P€2k€765▼
Transfer to equity691/2€90k€165k▲
To other reserves6921€90k€165k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3k | €40k | ▲ 1,396% |
| Other operating charges640/8 | - | €468 | €469 | €516 | €1k | ▲ 117% |
| Gross operating margin9900 | €32k | €19k | €115k | €128k | €56k | ▼ 56.6% |
| Operating profit (loss)9901 | €31k | €18k | €115k | €125k | €15k | ▼ 88.3% |
| Financial income75/76B | - | - | €5k | €626 | €171k | ▲ 27,134% |
| Recurring financial income75 | - | - | €5k | €626 | €171k | ▲ 27,134% |
| Financial charges65/66B | - | €69 | €2k | €6k | €11k | ▲ 82.2% |
| Recurring financial charges65 | €109 | €69 | €2k | €6k | €11k | ▲ 82.2% |
| Profit (loss) for the period before taxes9903 | €31k | €18k | €118k | €120k | €174k | ▲ 45.6% |
| Income taxes67/77 | €7k | €6k | €29k | €30k | €8k | ▼ 75.1% |
| Profit (loss) for the period9904 | €24k | €12k | €88k | €89k | €167k | ▲ 86.6% |
| Profit (loss) for the period to be appropriated9905 | €24k | €12k | €88k | €89k | €167k | ▲ 86.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €208k | €447k | €792k | €2.26M | ▲ 185% |
| Fixed assets21/28 | - | - | €1k | €442k | €718k | ▲ 62.5% |
| Tangible fixed assets22/27 | - | - | - | €441k | €717k | ▲ 62.7% |
| Land and buildings22 | - | - | - | €411k | €551k | ▲ 34.0% |
| Furniture and vehicles24 | - | - | - | €30k | €166k | ▲ 460% |
| Financial fixed assets28 | - | - | €1k | €1k | €1k | = |
| Current assets29/58 | €35k | €208k | €446k | €350k | €1.54M | ▲ 340% |
| Amounts receivable after more than one year29 | - | €169k | €334k | €305k | €1.45M | ▲ 375% |
| Other amounts receivable291 | - | €169k | €334k | €305k | €1.45M | ▲ 375% |
| Amounts receivable within one year40/41 | - | €4k | - | €9k | €30k | ▲ 244% |
| Trade receivables40 | - | €4k | - | €7k | €12k | ▲ 66.7% |
| Other amounts receivable41 | - | - | - | €2k | €18k | ▲ 1,055% |
| Cash at bank and in hand54/58 | €8k | €35k | €113k | €36k | €61k | ▲ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €208k | €447k | €792k | €2.26M | ▲ 185% |
| Equity10/15 | €26k | €44k | €132k | €221k | €388k | ▲ 75.2% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €23k | €35k | €123k | €213k | €378k | ▲ 77.6% |
| Distributable reserves133 | - | €35k | €123k | €213k | €378k | ▲ 77.6% |
| Profit (loss) carried forward14 | €914 | €845 | €2k | €765 | €2k | ▲ 204% |
| Amounts payable17/49 | €9k | €164k | €315k | €571k | €1.87M | ▲ 228% |
| Amounts payable after more than one year17 | - | - | €40k | €495k | €1.84M | ▲ 271% |
| Other amounts payable178/9 | - | - | €40k | €495k | €1.84M | ▲ 271% |
| Amounts payable within one year42/48 | €9k | €164k | €273k | €70k | €20k | ▼ 71.5% |
| Trade debts44 | - | €290 | €290 | €10k | €290 | ▼ 97.2% |
| Suppliers440/4 | - | €290 | €290 | €10k | €290 | ▼ 97.2% |
| Taxes, remuneration and social security45 | - | €15k | €42k | €45k | €10k | ▼ 77.1% |
| Taxes450/3 | - | €15k | €42k | €45k | €10k | ▼ 77.1% |
| Other amounts payable47/48 | - | €149k | €231k | €14k | €9k | ▼ 35.2% |
| Accrued charges and deferred income492/3 | - | - | €2k | €6k | €17k | ▲ 183% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €12k | €88k | €89k | €167k | ▲ 86.6% |
| + Depreciation and write-downs630 | - | - | - | €3k | €40k | ▲ 1,396% |
| Operating cash flow (approximation) | €24k | €12k | €88k | €92k | €206k | ▲ 125% |
| Investment in fixed assets (approximation) | - | - | - | €-444k | €-316k | ▲ 28.7% |
| Change in cash | - | €27k | €78k | €-76k | €25k | ▲ 133% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2020net €167k ▲86.6%
Net result €167k, the highest in the series.
31-12
Financial
Liquidity times 15current ratio 77.61
Current ratio from 5.03 to 77.61; short-term debt falls from €70k to €20k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 5.03
Current ratio from 1.63 to 5.03; short-term debt falls from €273k to €70k.
31-12
Financial
Equity above €200kEq €221k ▲67.5%
4 profitable years in a row build equity to €221k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €100kEq €132k ▲200%
3 profitable years in a row build equity to €132k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €12k ▼50.1%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Deinze · 1 establishment unit since 2019
Ground area
8,188 m²
Building footprint
1,578 m²
Volume, LiDAR
10,742 m³
Parcel 44011A0533/00D002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MALYMAX
since 20192.289.955.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A0533/00D002 | Flanders | 8,188 m² | 1 · 1,578 m² | 8.0 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
MOAX
BE 0876.120.727
Kruisem · Eq €387,939
TDA CONSULT
BE 0817.794.627
Keerbergen · Eq €387,919
ROMEUS
BE 0787.747.688
Fléron · Eq €388,049
Jupalo Consulting
BE 0779.291.961
Hoogstraten · Eq €388,081
LEM MANAGEMENT
BE 0695.632.233
Fleurus · Eq €388,144
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,780 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
Founded03-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.