MALIN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MALIN CONSTRUCT is 4.9% (elevated). The 2024 annual accounts show negative equity (€-3k) and a net result of €-11k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 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
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-99
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 3.75 in 2023; short-term debt: 136.4% and cash: 64.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-36.4%
Return on assets
-146.6%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-3k
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 22-07-2025, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
34 d early
2022
137 d early
2021
46 d early
2020
3 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-3k
2023 · €16k
2019: €7k
2020: €10k▲ +35.6% vs 2019
2021: €9k▼ -8.9% vs 2020
2022: €34k▲ +276% vs 2021highest in 6 years
2023: €16k▼ -52.4% vs 2022
2024: €-3k▼ -116% vs 2023lowest in 6 years
2019 → 2024
Total assets
€7k▼ 67.2%
2023 · €22k
2019: €18k
2020: €38k▲ +117% vs 2019
2021: €24k▼ -36.1% vs 2020
2022: €48k▲ +98.4% vs 2021highest in 6 years
2023: €22k▼ -54.2% vs 2022
2024: €7k▼ -67.2% vs 2023lowest in 6 years
2019 → 2024
Net result
€-11k▲ 40.7%
2023 · €-18k
2019: €1k
2020: €23k▲ +1793% vs 2019
2021: €-891▼ -104% vs 2020
2022: €25k▲ +2933% vs 2021highest in 6 years
2023: €-18k▼ -171% vs 2022lowest in 6 years
2024: €-11k▲ +40.7% vs 2023
2019 → 2024
Working capital
€-5k
2023 · €16k
2019: €3k
2020: €-7k▼ -352% vs 2019
2021: €-10k▼ -43.2% vs 2020lowest in 6 years
2022: €2k▲ +123% vs 2021
2023: €16k▲ +569% vs 2022highest in 6 years
2024: €-5k▼ -130% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€9k▼ 8.9%€34k▲ 276%€16k▼ 52.4%€-3k
2020: €10k
2021: €9k▼ -8.9% vs 2020
2022: €34k▲ +276% vs 2021highest in 5 years
2023: €16k▼ -52.4% vs 2022
2024: €-3k▼ -116% vs 2023lowest in 5 years
Operating result€30k-€871▼ 97.1%€38k▲ 4,314%€-18k€-10k▲ 42.6%
2020: €30k
2021: €871▼ -97.1% vs 2020
2022: €38k▲ +4314% vs 2021highest in 5 years
2023: €-18k▼ -146% vs 2022lowest in 5 years
2024: €-10k▲ +42.6% vs 2023
Net result€23k-€-891€25k€-18k€-11k▲ 40.7%
2020: €23k
2021: €-891▼ -104% vs 2020
2022: €25k▲ +2933% vs 2021highest in 5 years
2023: €-18k▼ -171% vs 2022lowest in 5 years
2024: €-11k▲ +40.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €18k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7k
Fixed assets
€2k ▲ 523%
Current assets
€5k ▼ 76.5%
Key figures and ratios
EBITDA
€-10k
Cash flow
€-10k
Solvency
-36.4%▼
2023 · 73.7%
Current ratio
0.52▼
2023 · 3.75
Debt to equity
-3.75▼
2023 · 0.36
ROA
-146.6%▼
2023 · -81.0%
Interest coverage
-19.44
Debt
€10k▲
2023 · €6k
Debt ≤ 1 year
€10k▲
2023 · €6k
Staff costs
€319▲
2023 · €278
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 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22k€7k▼
Fixed assets21/28€345€2k▲
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€2k
Financial fixed assets28€345-
Current assets29/58€22k€5k▼
Amounts receivable within one year40/41€14k€411▼
Trade receivables40€14k-
Other amounts receivable41-€411
Cash at bank and in hand54/58€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€22k€7k▼
Equity10/15€16k€-3k▼
Contributions10/11€6k-
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-15k€-28k▼
Amounts payable17/49€6k€10k▲
Amounts payable within one year42/48€6k€10k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€278€319▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€596
Other operating charges640/8€8k€330▼
Gross operating margin9900€-10k€-9k▲
Operating profit (loss)9901€-18k€-10k▲
Financial charges65/66B€245€493▲
Recurring financial charges65€245€493▲
Profit (loss) for the period before taxes9903€-18k€-11k▲
Profit (loss) for the period9904€-18k€-11k▲
Profit (loss) for the period to be appropriated9905€-18k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-28k▼
Profit (loss) brought forward from the previous period14P€3k€-17k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €399 | €401 | €278 | €319 | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €6k | - | €596 | - |
| Other operating charges640/8 | - | €664 | €613 | €8k | €330 | ▼ 95.7% |
| Gross operating margin9900 | €37k | €8k | €46k | €-10k | €-9k | ▲ 9.2% |
| Operating profit (loss)9901 | €30k | €871 | €38k | €-18k | €-10k | ▲ 42.6% |
| Financial income75/76B | - | - | €262 | - | - | - |
| Recurring financial income75 | - | - | €262 | - | - | - |
| Financial charges65/66B | - | €455 | €333 | €245 | €493 | ▲ 101% |
| Recurring financial charges65 | €267 | €455 | €333 | €245 | €493 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €30k | €416 | €38k | €-18k | €-11k | ▲ 40.7% |
| Income taxes67/77 | €8k | €1k | €13k | - | - | - |
| Profit (loss) for the period9904 | €23k | €-891 | €25k | €-18k | €-11k | ▲ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-891 | €25k | €-18k | €-11k | ▲ 40.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €24k | €48k | €22k | €7k | ▼ 67.2% |
| Fixed assets21/28 | €24k | €19k | €32k | €345 | €2k | ▲ 523% |
| Tangible fixed assets22/27 | €24k | €19k | €32k | - | €2k | - |
| Plant, machinery and equipment23 | - | €1k | €19k | - | €2k | - |
| Furniture and vehicles24 | - | €18k | €13k | - | - | - |
| Financial fixed assets28 | €345 | €345 | €345 | €345 | - | - |
| Current assets29/58 | €14k | €5k | €17k | €22k | €5k | ▼ 76.5% |
| Amounts receivable within one year40/41 | €1k | €1k | €12k | €14k | €411 | ▼ 97.0% |
| Trade receivables40 | - | - | - | €14k | - | - |
| Other amounts receivable41 | - | €1k | €12k | - | €411 | - |
| Cash at bank and in hand54/58 | €12k | €4k | €4k | €8k | €5k | ▼ 43.4% |
| Deferred charges and accrued income490/1 | - | €81 | €81 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €24k | €48k | €22k | €7k | ▼ 67.2% |
| Equity10/15 | €10k | €9k | €34k | €16k | €-3k | ▼ 116% |
| Contributions10/11 | - | €6k | €6k | €6k | - | - |
| Reserves13 | - | - | €25k | €25k | €25k | = |
| Distributable reserves133 | - | - | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €4k | €3k | €3k | €-15k | €-28k | ▼ 85.2% |
| Amounts payable17/49 | €28k | €15k | €14k | €6k | €10k | ▲ 70.3% |
| Amounts payable after more than one year17 | €7k | - | - | - | - | - |
| Amounts payable within one year42/48 | €21k | €15k | €14k | €6k | €10k | ▲ 70.3% |
| Current portion of amounts payable after more than one year42 | - | €7k | - | - | - | - |
| Trade debts44 | - | €156 | €563 | €3k | €4k | ▲ 71.9% |
| Suppliers440/4 | - | €156 | €563 | €3k | €4k | ▲ 71.9% |
| Taxes, remuneration and social security45 | - | €8k | €14k | €3k | - | - |
| Taxes450/3 | - | €8k | €14k | €3k | - | - |
| Other amounts payable47/48 | - | - | - | - | €6k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-891 | €25k | €-18k | €-11k | ▲ 40.7% |
| + Depreciation and write-downs630 | €4k | €6k | €6k | - | €596 | - |
| Operating cash flow (approximation) | €26k | €5k | €32k | €-18k | €-10k | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | €-1k | €-19k | €32k | €-2k | ▼ 108% |
| Change in cash | - | €-9k | €843 | €4k | €-4k | ▼ 194% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.75
Current ratio from 1.17 to 3.75; short-term debt falls from €14k to €6k.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.17
Current ratio from 0.33 to 1.17; short-term debt falls from €15k to €14k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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.
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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, Zaventem · 1 establishment unit since 2019
Ground area
1,970 m²
Building footprint
454 m²
Volume, LiDAR
4,737 m³
Parcel 23094D0036/00L002, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
MALIN CONSTRUCT
since 20192.286.360.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00L002 | Flanders | 1,970 m² | 1 · 454 m² | 14.0 m · 3 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.
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,362. 1,670 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
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.