Malina Data
ActiveSummary
Malina Data has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €18k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.02 in 2024; short-term debt: 40.1% and cash: 25% of total assets), and 40.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
59.8%
Return on assets
31.5%
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
35 d early
2023
42 d early
2022
34 d early
2021
37 d early
2020
12 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18k▼ 43.5%
2024 · €31k
2018: €-1klowest in 8 years
2019: €3k▲ +296% vs 2018
2020: €49k▲ +1771% vs 2019highest in 8 years
2021: €41k▼ -16.5% vs 2020
2022: €43k▲ +5.5% vs 2021
2023: €45k▲ +4.9% vs 2022
2024: €31k▼ -30.5% vs 2023
2025: €18k▼ -43.5% vs 2024
2018 → 2025
Working capital
€31k▼ 4.2%
2024 · €33k
2018: €18klowest in 8 years
2019: €20k▲ +7.5% vs 2018
2020: €48k▲ +145% vs 2019highest in 8 years
2021: €39k▼ -19.3% vs 2020
2022: €32k▼ -17.9% vs 2021
2023: €32k▼ -1.3% vs 2022
2024: €33k▲ +3.6% vs 2023
2025: €31k▼ -4.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€35k▼ 17.1%€35k▼ 0.2%€36k▲ 3.6%€34k▼ 6.5%
2021: €42khighest in 5 years
2022: €35k▼ -17.1% vs 2021
2023: €35k▼ -0.2% vs 2022
2024: €36k▲ +3.6% vs 2023
2025: €34k▼ -6.5% vs 2024lowest in 5 years
Operating result€55k-€57k▲ 4.4%€56k▼ 2.6%€42k▼ 25.2%€23k▼ 44.0%
2021: €55k
2022: €57k▲ +4.4% vs 2021highest in 5 years
2023: €56k▼ -2.6% vs 2022
2024: €42k▼ -25.2% vs 2023
2025: €23k▼ -44.0% vs 2024lowest in 5 years
Net result€41k-€43k▲ 5.5%€45k▲ 4.9%€31k▼ 30.5%€18k▼ 43.5%
2021: €41k
2022: €43k▲ +5.5% vs 2021
2023: €45k▲ +4.9% vs 2022highest in 5 years
2024: €31k▼ -30.5% vs 2023
2025: €18k▼ -43.5% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€2k ▼ 30.5%
Current assets
€54k ▼ 16.9%
Equity and liabilities €56k
Equity
€34k ▼ 6.5%
Debt
€23k ▼ 29.9%
Debt's share of the balance-sheet total falls from 47.2% to 40.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €42k
Cash flow
€19k▼
2024 · €32k
Current ratio
2.39▲
2024 · 2.02
Debt to equity
0.67▼
2024 · 0.90
ROE
52.6%▼
2024 · 87.1%
ROA
31.5%▼
2024 · 46.0%
Interest coverage
157.79▼
2024 · 206.48
Debt ≤ 1 year
€23k▼
2024 · €32k
Income taxes
€6k▼
2024 · €11k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€68k€56k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€1k€1k=
Current assets29/58€65k€54k▼
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€2k€2k▲
Current investments50/53€40k€35k▼
Cash at bank and in hand54/58€19k€14k▼
Deferred charges and accrued income490/1€298€642▲
Equity and liabilities
Total equity and liabilities10/49€68k€56k▼
Equity10/15€36k€34k▼
Contributions10/11€33k€33k=
Profit (loss) carried forward14€3k€349▼
Amounts payable17/49€32k€23k▼
Amounts payable within one year42/48€32k€23k▼
Financial debts43€31€283▲
Credit institutions430/8€31€283▲
Trade debts44€331€639▲
Suppliers440/4€331€639▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€25k€17k▼
Accrued charges and deferred income492/3€15€15=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€697€968▲
Gross operating margin9900€42k€24k▼
Operating profit (loss)9901€42k€23k▼
Financial income75/76B€433€511▲
Recurring financial income75€433€511▲
Financial charges65/66B€205€154▼
Recurring financial charges65€205€154▼
Profit (loss) for the period before taxes9903€42k€24k▼
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€31k€18k▼
Profit (loss) for the period to be appropriated9905€31k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€20k▼
Profit (loss) brought forward from the previous period14P€1k€3k▲
Profit to be distributed694/7€30k€20k▼
Directors or managers695€30k€20k▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €28 | €697 | €968 | ▲ 38.8% |
| Other operating charges640/8 | - | €108 | - | - | - | - |
| Gross operating margin9900 | €55k | €57k | €56k | €42k | €24k | ▼ 42.7% |
| Operating profit (loss)9901 | €55k | €57k | €56k | €42k | €23k | ▼ 44.0% |
| Financial income75/76B | €183 | €191 | €5k | €433 | €511 | ▲ 18.0% |
| Recurring financial income75 | €183 | €191 | €5k | €433 | €511 | ▲ 18.0% |
| Financial charges65/66B | €97 | €148 | €156 | €205 | €154 | ▼ 25.0% |
| Recurring financial charges65 | €97 | €148 | €156 | €205 | €154 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €55k | €57k | €60k | €42k | €24k | ▼ 43.5% |
| Income taxes67/77 | €14k | €14k | €15k | €11k | €6k | ▼ 43.4% |
| Profit (loss) for the period9904 | €41k | €43k | €45k | €31k | €18k | ▼ 43.5% |
| Profit (loss) for the period to be appropriated9905 | €41k | €43k | €45k | €31k | €18k | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95k | €89k | €85k | €68k | €56k | ▼ 17.5% |
| Fixed assets21/28 | €3k | €3k | €3k | €3k | €2k | ▼ 30.5% |
| Tangible fixed assets22/27 | - | - | €2k | €2k | €1k | ▼ 44.5% |
| Furniture and vehicles24 | - | - | €2k | €2k | €1k | ▼ 44.5% |
| Financial fixed assets28 | €3k | €3k | €1k | €1k | €1k | = |
| Current assets29/58 | €92k | €86k | €82k | €65k | €54k | ▼ 16.9% |
| Amounts receivable within one year40/41 | €8k | €8k | €3k | €6k | €4k | ▼ 25.9% |
| Trade receivables40 | €8k | €8k | €3k | €4k | €2k | ▼ 46.8% |
| Other amounts receivable41 | - | €132 | €319 | €2k | €2k | ▲ 16.6% |
| Current investments50/53 | €60k | €60k | €60k | €40k | €35k | ▼ 12.5% |
| Cash at bank and in hand54/58 | €24k | €18k | €19k | €19k | €14k | ▼ 25.7% |
| Deferred charges and accrued income490/1 | €142 | €85 | €235 | €298 | €642 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95k | €89k | €85k | €68k | €56k | ▼ 17.5% |
| Equity10/15 | €42k | €35k | €35k | €36k | €34k | ▼ 6.5% |
| Contributions10/11 | €33k | €33k | €33k | €33k | €33k | = |
| Profit (loss) carried forward14 | €9k | €1k | €1k | €3k | €349 | ▼ 87.0% |
| Amounts payable17/49 | €53k | €54k | €51k | €32k | €23k | ▼ 29.9% |
| Amounts payable within one year42/48 | €53k | €54k | €50k | €32k | €23k | ▼ 29.9% |
| Financial debts43 | €81 | €12 | €2k | €31 | €283 | ▲ 811% |
| Credit institutions430/8 | €81 | €12 | €2k | €31 | €283 | ▲ 811% |
| Trade debts44 | €12 | €867 | €429 | €331 | €639 | ▲ 92.9% |
| Suppliers440/4 | €12 | €867 | €429 | €331 | €639 | ▲ 92.9% |
| Taxes, remuneration and social security45 | €18k | €18k | €10k | €6k | €4k | ▼ 30.7% |
| Taxes450/3 | €18k | €18k | €10k | €6k | €4k | ▼ 30.7% |
| Other amounts payable47/48 | €35k | €35k | €38k | €25k | €17k | ▼ 32.3% |
| Accrued charges and deferred income492/3 | €9 | €9 | €15 | €15 | €15 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €43k | €45k | €31k | €18k | ▼ 43.5% |
| + Depreciation and write-downs630 | - | - | €28 | €697 | €968 | ▲ 38.8% |
| Operating cash flow (approximation) | €41k | €43k | €45k | €32k | €19k | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | €149 | €-410 | €-826 | €0 | ▲ 100% |
| Change in cash | - | €-6k | €337 | €38 | €-5k | ▼ 12,825% |
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
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
31-12
Financial
Highest result since 2018net €49k ▲1,771%
Operating result €67k, net result €49k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.44
Current ratio from 3.90 to 8.44; short-term debt falls from €6k to €3k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Modave · 1 establishment unit since 1989
Ground area
166 m²
Building footprint
97 m²
Parcel 61058A0679/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Elmer 7/1, 4577 Modave
since 19892.043.766.442
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61058A0679/00W000 | Wallonia | 165 m² | 1 · 97 m² | - |
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
THE SIXTH DIMENSION
BE 0643.454.052
Aartselaar · Eq €33,546
SVNPS
BE 0790.807.742
Sint-Pieters-Leeuw · Eq €33,545
Odon & Associates
BE 0698.566.383
Brussel · Eq €33,529
SYSTRAY SOLUTIONS
BE 0884.833.010
Gent · Eq €33,526
KELIOS
BE 1024.202.808
Ciney · Eq €33,525
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,553 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
Founded29-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
bernard.nizet@malinadata.beModave
Phone
0485 451417Modave
Scores and ratios are computed by Checked and are not a credit decision.