MALS

Active

Private limited companyfounded 20233 yrs activeOoststraat 23, 8647 Lo-Reninge, BelgiumKBO/BCE: BE 0803.071.314

Summary

The computed 12-month bankruptcy probability of MALS is 2.1% (moderate). The 2025 annual accounts show equity of €23k and a net result of €52k. Its solvency ranks better than 23% of 1544 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability77▲+66

Solvency28▲+8

Growth78

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 0.75 in 2024; short-term debt: 7% and cash: 5.2% of total assets), and 97% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

Return on assets

6.8%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1544 sector peers (2025).

NBB · sector comparison

Position among 1544 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-03-2026, 127 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

127 d early

2024

28 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€23k

2024 · €-40k

2024: €-40k

2024 → 2025

Total assets

€773k▼ 6.8%

2024 · €829k

2024: €829k

2024 → 2025

Net result

€52k

2024 · €-50k

2024: €-50k

2024 → 2025

Working capital

€12k

2024 · €-39k

2024: €-39k

2024 → 2025

Multi-year overview

Available amounts per fiscal year

Line20242025Trend

Equity€-40k-€23k

Operating result€-35k-€70k

Net result€-50k-€52k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €70k after a loss of €35k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €773k

91.4%

Fixed assets €707k ▼ 1.0%

Current assets €67k ▼ 42.5%

Equity and liabilities €773k

97.0%

Equity €23k

Debt €750k

Debt finances 97.0% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€129k▲

2024 · €-2k

Cash flow

€111k▲

2024 · €-17k

Current ratio

1.22▲

2024 · 0.75

Quick ratio

0.81▲

2024 · 0.59

Debt to equity

32.77▲

2024 · -21.54

ROE

229.2%

ROA

6.8%▲

2024 · -6.1%

Interest coverage

7.02▲

2024 · -0.12

Debt ≤ 1 year

€54k▼

2024 · €155k

Debt > 1 year

€695k▼

2024 · €715k

Income taxes

€132▼

2024 · €190

Staff costs

€66k▲

2024 · €3k

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 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€829k€773k▼

Fixed assets21/28€714k€707k▼

Tangible fixed assets22/27€712k€705k▼

Land and buildings22€559k€580k▲

Plant, machinery and equipment23€136k€118k▼

Furniture and vehicles24€17k€7k▼

Financial fixed assets28€2k€2k=

Current assets29/58€116k€67k▼

Stocks and contracts in progress3€25k€23k▼

Stocks30/36€25k€23k▼

Amounts receivable within one year40/41€9k€3k▼

Trade receivables40€1k€642▼

Other amounts receivable41€7k€2k▼

Cash at bank and in hand54/58€80k€40k▼

Deferred charges and accrued income490/1€2k€1k▼

Equity and liabilities

Total equity and liabilities10/49€829k€773k▼

Equity10/15€-40k€23k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€-50k€2k▲

Investment grants15-€11k

Amounts payable17/49€870k€750k▼

Amounts payable after more than one year17€715k€695k▼

Financial debts170/4€410k€390k▼

Other amounts payable178/9€305k€305k=

Amounts payable within one year42/48€155k€54k▼

Current portion of amounts payable after more than one year42€19k€20k▲

Trade debts44€128k€19k▼

Suppliers440/4€128k€19k▼

Taxes, remuneration and social security45€3k€11k▲

Taxes450/3€601€639▲

Remuneration and social security454/9€3k€11k▲

Other amounts payable47/48€5k€4k▼

Accrued charges and deferred income492/3€113€731▲

Income statement Code20242025

Remuneration, social security and pensions62€3k€66k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€59k▲

Other operating charges640/8€2k€815▼

Gross operating margin9900€3k€196k▲

Operating profit (loss)9901€-35k€70k▲

Financial income75/76B€307€776▲

Recurring financial income75€307€776▲

Financial charges65/66B€15k€18k▲

Recurring financial charges65€15k€18k▲

Profit (loss) for the period before taxes9903€-50k€53k▲

Income taxes67/77€190€132▼

Profit (loss) for the period9904€-50k€52k▲

Profit (loss) for the period to be appropriated9905€-50k€52k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-50k€2k▲

Profit (loss) brought forward from the previous period14P-€-50k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €52k

Net result €52k after one loss-making year.

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Lo-Reninge · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Ooststraat 238647 Lo-Reninge

Ground area

1,949 m²

Building footprint

174 m²

Volume, LiDAR

1,683 m³

Parcel 32014C0552/02M005, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MALS

Ooststraat 23, 8647 Lo-ReningeManufacture of food products

since 20232.346.314.489

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32014C0552/02M005	Flanders	1,949 m²	1 · 174 m²	13.5 m · 3 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 15,409 EUR awarded · 13,054 EUR paid

Year	Entries	awarded	paid
2025	1	13,925 EUR	11,570 EUR
2023	1	1,484 EUR	1,484 EUR

Schemes

Ecologiepremie+

1 entry · 13,925 EUR · 11,570 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 1,484 EUR · 1,484 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Lo-Reninge2.346.314.489

1 permission

Toelating · Vleeswinkel · since 15-08-2024

Similar companies · same sector, comparable size

VAN DER LINDEN

BE 0427.187.802

Antwerpen · Eq €23,194

Antwerpen · Eq €21,241

La Hulpe · Eq €20,460

Of 328 companies in sector 10130 we hold annual accounts for 233. 81 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-06-2023

Fiscal year end31-12

Activities, NACEBEL 2025

10130Manufacture of food products

47221Retail sale of meat and meat products, excluding game and poultry

10850Manufacture of food products

47222Retail trade

47271Retail trade

47279Other retail sale of food

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.