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MALAGA EXPORT

Active
Private limited companyfounded 20224 yrs activeDistelhoek 48, 2170 Antwerpen, BelgiumKBO/BCE: BE 0785.295.964
Summary

The computed 12-month bankruptcy probability of MALAGA EXPORT is 6.4% (elevated). The 2025 annual accounts show equity of €18,951 and a net result of -€4,112. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 204 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MALAGA EXPORTActiveChecked score 36/100
Risk analysis ReportCompare

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38110
1 site
Size
€26,512total assets 2025
Equity
€18,951
Loss
-€4,112
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2025
Bankruptcy chance 12 m
6.4%
Structure
Accounts filed 11 d late1 of 3 deeds read
Why 36- 2 changes of registered office in 24 months- Founded in 2022+ Liquidity: current ratio 3.13, cash €3,212+ Size: total assets €26,512Show the evidence

Checked score

Score 2025
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 42% of its sector peers (NACE 38, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 96-4
equity 71.5% of total assets
Liquidity 54-42
short-term debt 28.5% · cash 12.1%
Profitability 0-1
return on assets -15.5%
Bankruptcy probability, 12 months
6.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (518 companies)
Last 24 months 11-2024: 3.1% 12-2024: 2.5%▼ -17.3% vs 11-2024 01-2025: 2.4%▼ -7.3% vs 12-2024 02-2025: 2.4%▲ +0.8% vs 01-2025 03-2025: 2.4%● 0.0% vs 02-2025 04-2025: 2.4%▲ +0.8% vs 03-2025 05-2025: 2.5%▲ +2.6% vs 04-2025 06-2025: 2.5%▲ +2.4% vs 05-2025 07-2025: 2.6%▲ +1.7% vs 06-2025 08-2025: 2.6%● 0.0% vs 07-2025 09-2025: 2.5%▼ -0.6% vs 08-2025 10-2025: 2.6%▲ +0.6% vs 09-2025 11-2025: 3.1%▲ +19.5% vs 10-2025 12-2025: 2.2%▼ -26.6% vs 11-2025 01-2026: 1.9%▼ -17.2% vs 12-2025 02-2026: 1.8%▼ -1.5% vs 01-2026 03-2026: 1.8%● 0.0% vs 02-2026 04-2026: 1.8%▼ -4.0% vs 03-2026 05-2026: 1.7%▼ -1.4% vs 04-2026lowest value 06-2026: 4.9%▲ +183% vs 05-2026 07-2026: 5.6%▲ +14.4% vs 06-2026 08-2026: 5.9%▲ +5.9% vs 07-2026 09-2026: 6.2%▲ +4.3% vs 08-2026 10-2026: 6.4%▲ +2.6% vs 09-2026highest value
  • 2 changes of registered office in 24 months raises the probability
  • Founded in 2022 raises the probability for this profile
  • Liquidity: current ratio 3.13, cash €3,212 lowers the probability
  • Size: total assets €26,512 lowers the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.13 against 6.32 in 2024; short-term debt: 28.5% and cash: 12.1% of total assets), and 28.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, micro). Better than this share of them on solvency 80%, liquidity 61%, profitability 6%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 3.13, cash €3,212
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: total assets €26,512
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€4,112
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-11-2025, 11 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 · 3 filings
Deviation from the deadline
2025
11 d late
2024
18 d late
2023
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 12 November (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close06-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Weakest financial yearnet -€4,112

Key points

  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€4,112 View
  • Total assets 20253 fiscal years filed €26,512 View
  • Active since 2022founded 21-04-2022 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€26,512
Loss
-€4,112
Solvency
71.5%
Total assets▼ 0.6%
Net result
20232025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-10-2026
  1. 05-05-2026Registered office
  2. 11-11-2025Annual accounts filed
  3. 31-03-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38110
Founded
21-04-2022
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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