Malve
ActiveSummary
Malve has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.30M and a net result of €864k. Its solvency ranks better than 62% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+11
Solvency81▲+8
Growth78
Track record82
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 1.25 in 2024; short-term debt: 19.6% and cash: 4.9% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.9%
Return on assets
14.6%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
142 d early
← 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, abbreviated schema
Equity
€3.30M▲ 6.9%
2024 · €3.09M
2024: €3.09M
2025: €3.30M▲ +6.9% vs 2024
2024 → 2025
Total assets
€5.91M▼ 7.7%
2024 · €6.40M
2024: €6.40M
2025: €5.91M▼ -7.7% vs 2024
2024 → 2025
Net result
€864k▲ 126%
2024 · €383k
2024: €383k
2025: €864k▲ +126% vs 2024
2024 → 2025
Working capital
€954k▲ 117%
2024 · €440k
2024: €440k
2025: €954k▲ +117% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€3.09M-€3.30M▲ 6.9%
2024: €3.09M
2025: €3.30M▲ +6.9% vs 2024
Operating result€641k-€1.08M▲ 68.6%
2024: €641k
2025: €1.08M▲ +68.6% vs 2024
Net result€383k-€864k▲ 126%
2024: €383k
2025: €864k▲ +126% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 69% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.91M
Fixed assets
€3.80M ▼ 10.0%
Current assets
€2.11M ▼ 3.5%
Equity and liabilities €5.91M
Equity
€3.30M ▲ 6.9%
Debt
€2.60M ▼ 21.4%
Debt's share of the balance-sheet total falls from 51.7% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.73M▲
2024 · €1.23M
Cash flow
€1.52M▲
2024 · €974k
Current ratio
1.82▲
2024 · 1.25
Quick ratio
1.42▲
2024 · 0.99
Debt to equity
0.79▼
2024 · 1.07
ROE
26.2%▲
2024 · 12.4%
ROA
14.6%▲
2024 · 6.0%
Interest coverage
14.65▲
2024 · 9.20
Debt ≤ 1 year
€1.16M▼
2024 · €1.75M
Debt > 1 year
€1.45M▼
2024 · €1.57M
Income taxes
€260k▲
2024 · €125k
Staff costs
€2.75M▲
2024 · €2.45M
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.40M€5.91M▼
Fixed assets21/28€4.22M€3.80M▼
Intangible fixed assets21€1.85M€1.54M▼
Tangible fixed assets22/27€1.41M€1.40M▼
Land and buildings22€127k€114k▼
Plant, machinery and equipment23€1.18M€1.20M▲
Furniture and vehicles24€103k€78k▼
Financial fixed assets28€956k€859k▼
Current assets29/58€2.19M€2.11M▼
Stocks and contracts in progress3€457k€470k▲
Stocks30/36€457k€470k▲
Amounts receivable within one year40/41€1.26M€1.32M▲
Trade receivables40€1.22M€1.16M▼
Other amounts receivable41€45k€166k▲
Cash at bank and in hand54/58€355k€289k▼
Deferred charges and accrued income490/1€111k€27k▼
Equity and liabilities
Total equity and liabilities10/49€6.40M€5.91M▼
Equity10/15€3.09M€3.30M▲
Contributions10/11€2.71M€2.10M▼
Reserves13€383k€1.20M▲
Tax-exempt reserves132€189k€211k▲
Distributable reserves133€193k€993k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€3.31M€2.60M▼
Amounts payable after more than one year17€1.57M€1.45M▼
Financial debts170/4€483k€469k▼
Other amounts payable178/9€1.08M€978k▼
Amounts payable within one year42/48€1.75M€1.16M▼
Current portion of amounts payable after more than one year42€268k€299k▲
Financial debts43€500k€0▼
Credit institutions430/8€500k€0▼
Trade debts44€630k€485k▼
Suppliers440/4€630k€485k▼
Taxes, remuneration and social security45€281k€341k▲
Taxes450/3€414€11k▲
Remuneration and social security454/9€281k€329k▲
Other amounts payable47/48€66k€31k▼
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€2.45M€2.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€591k€654k▲
Other operating charges640/8€150k€105k▼
Non-recurring operating charges66A-€12k
Gross operating margin9900€3.83M€4.60M▲
Operating profit (loss)9901€641k€1.08M▲
Financial income75/76B€667€163k▲
Recurring financial income75€667€163k▲
Financial charges65/66B€134k€118k▼
Recurring financial charges65€134k€118k▼
Profit (loss) for the period before taxes9903€507k€1.12M▲
Income taxes67/77€125k€260k▲
Profit (loss) for the period9904€383k€864k▲
Transfer to tax-exempt reserves689€189k€21k▼
Profit (loss) for the period to be appropriated9905€193k€843k▲
Appropriation of the result
Profit (loss) to be appropriated9906€193k€843k▲
Transfer from equity791/2-€43k
Transfer to equity691/2€193k€843k▲
To other reserves6921€193k€843k▲
Profit to be distributed694/7-€43k
Return on contributions (dividend)694-€43k
Social balance
Average headcount (FTE)908743.245.2▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €8k | - |
| Remuneration, social security and pensions62 | €2.45M | €2.75M | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €591k | €654k | ▲ 10.5% |
| Other operating charges640/8 | €150k | €105k | ▼ 30.3% |
| Non-recurring operating charges66A | - | €12k | - |
| Gross operating margin9900 | €3.83M | €4.60M | ▲ 20.1% |
| Operating profit (loss)9901 | €641k | €1.08M | ▲ 68.6% |
| Financial income75/76B | €667 | €163k | ▲ 24,277% |
| Recurring financial income75 | €667 | €163k | ▲ 24,277% |
| Financial charges65/66B | €134k | €118k | ▼ 11.7% |
| Recurring financial charges65 | €134k | €118k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €507k | €1.12M | ▲ 122% |
| Income taxes67/77 | €125k | €260k | ▲ 109% |
| Profit (loss) for the period9904 | €383k | €864k | ▲ 126% |
| Transfer to tax-exempt reserves689 | €189k | €21k | ▼ 88.9% |
| Profit (loss) for the period to be appropriated9905 | €193k | €843k | ▲ 336% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €6.40M | €5.91M | ▼ 7.7% |
| Fixed assets21/28 | €4.22M | €3.80M | ▼ 10.0% |
| Intangible fixed assets21 | €1.85M | €1.54M | ▼ 16.6% |
| Tangible fixed assets22/27 | €1.41M | €1.40M | ▼ 1.1% |
| Land and buildings22 | €127k | €114k | ▼ 10.3% |
| Plant, machinery and equipment23 | €1.18M | €1.20M | ▲ 1.8% |
| Furniture and vehicles24 | €103k | €78k | ▼ 23.9% |
| Financial fixed assets28 | €956k | €859k | ▼ 10.2% |
| Current assets29/58 | €2.19M | €2.11M | ▼ 3.5% |
| Stocks and contracts in progress3 | €457k | €470k | ▲ 3.0% |
| Stocks30/36 | €457k | €470k | ▲ 3.0% |
| Amounts receivable within one year40/41 | €1.26M | €1.32M | ▲ 4.8% |
| Trade receivables40 | €1.22M | €1.16M | ▼ 5.0% |
| Other amounts receivable41 | €45k | €166k | ▲ 272% |
| Cash at bank and in hand54/58 | €355k | €289k | ▼ 18.5% |
| Deferred charges and accrued income490/1 | €111k | €27k | ▼ 75.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €6.40M | €5.91M | ▼ 7.7% |
| Equity10/15 | €3.09M | €3.30M | ▲ 6.9% |
| Contributions10/11 | €2.71M | €2.10M | ▼ 22.4% |
| Reserves13 | €383k | €1.20M | ▲ 214% |
| Tax-exempt reserves132 | €189k | €211k | ▲ 11.1% |
| Distributable reserves133 | €193k | €993k | ▲ 414% |
| Profit (loss) carried forward14 | - | €0 | - |
| Amounts payable17/49 | €3.31M | €2.60M | ▼ 21.4% |
| Amounts payable after more than one year17 | €1.57M | €1.45M | ▼ 7.7% |
| Financial debts170/4 | €483k | €469k | ▼ 3.0% |
| Other amounts payable178/9 | €1.08M | €978k | ▼ 9.7% |
| Amounts payable within one year42/48 | €1.75M | €1.16M | ▼ 33.8% |
| Current portion of amounts payable after more than one year42 | €268k | €299k | ▲ 11.5% |
| Financial debts43 | €500k | €0 | ▼ 100% |
| Credit institutions430/8 | €500k | €0 | ▼ 100% |
| Trade debts44 | €630k | €485k | ▼ 23.0% |
| Suppliers440/4 | €630k | €485k | ▼ 23.0% |
| Taxes, remuneration and social security45 | €281k | €341k | ▲ 21.1% |
| Taxes450/3 | €414 | €11k | ▲ 2,671% |
| Remuneration and social security454/9 | €281k | €329k | ▲ 17.2% |
| Other amounts payable47/48 | €66k | €31k | ▼ 52.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €383k | €864k | ▲ 126% |
| + Depreciation and write-downs630 | €591k | €654k | ▲ 10.5% |
| Operating cash flow (approximation) | €974k | €1.52M | ▲ 55.8% |
| Investment in fixed assets (approximation) | - | €-234k | - |
| Change in cash | - | €-66k | - |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
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, Hoogstraten · 1 establishment unit since 2024
Ground area
5,775 m²
Building footprint
9,831 m²
Volume, LiDAR
82,100 m³
Parcel 13020E0069/00R000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Malve
since 20242.353.325.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020E0069/00R000 | Flanders | 5,775 m² | 1 · 9,831 m² | 10.1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 528 EUR awarded · 528 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 528 EUR | 528 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 710 companies in sector 25510 we hold annual accounts for 409. 191 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
Founded15-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
25510Coating of metals
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
Contact
E-mail
joep@vangilscoating.be
Scores and ratios are computed by Checked and are not a credit decision.