MALYCON
ActiveMALYCON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €-23k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency7▼-2
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.41 in 2024), and 89.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
10.5%
Return on assets
-2%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€23k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8584 sector peers (2025).
NBB · sector comparisonPosition among 8584 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
6 d early
2022
3 d early
2021
2 d early
2020
17 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€116k▼ 16.3%
2024 · €139k
2019: €157k
2020: €151k
2021: €209k
2022: €159k
2023: €157k
2024: €139k
2019 → 2025
Total assets
€1.11M▲ 2.9%
2024 · €1.08M
2019: €265k
2020: €423k
2021: €972k
2022: €791k
2023: €783k
2024: €1.08M
2019 → 2025
Net result
€-23k▼ 28.7%
2024 · €-18k
2019: €-21k
2020: €-7k
2021: €47k
2022: €-50k
2023: €-2k
2024: €-18k
2019 → 2025
Working capital
€-627k▼ 20.4%
2024 · €-521k
2019: €201k
2020: €176k
2021: €-255k
2022: €-265k
2023: €-269k
2024: €-521k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€209k-€159k▼ 24.1%€157k▼ 1.3%€139k▼ 11.2%€116k▼ 16.3%
Operating result€45k-€-51k€-3k▲ 94.5%€-18k▼ 542%€-22k▼ 20.9%
Net result€47k-€-50k€-2k▲ 96.0%€-18k▼ 769%€-23k▼ 28.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €18k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€796k▲ 10.1%
Current assets
€314k▼ 11.6%
Equity and liabilities €1.11M
Equity
€116k▼ 16.3%
Provisions
€26k▼ 5.9%
Debt
€968k▲ 6.1%
The debt ratio rises from 84.6% to 87.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€16k▲
2024 · €4k
Cash flow
€16k▲
2024 · €4k
Solvency
10.5%▼
2024 · 12.9%
Current ratio
0.33▼
2024 · 0.41
Quick ratio
0.33▼
2024 · 0.41
Debt / equity
8.31▲
2024 · 6.56
ROE
-19.5%▼
2024 · -12.7%
ROA
-2.0%▼
2024 · -1.6%
Interest coverage
7.95▲
2024 · 4.39
Debt
€968k▲
2024 · €912k
Debt ≤ 1 year
€941k▲
2024 · €876k
Debt > 1 year
€27k▼
2024 · €36k
Income taxes
€148▼
2024 · €152
Staff costs
€77k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.11M▲
Fixed assets21/28€723k€796k▲
Tangible fixed assets22/27€723k€796k▲
Land and buildings22€660k€746k▲
Furniture and vehicles24€63k€50k▼
Current assets29/58€355k€314k▼
Amounts receivable within one year40/41€343k€295k▼
Trade receivables40€11k€7k▼
Other amounts receivable41€332k€288k▼
Cash at bank and in hand54/58€9k€16k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.11M▲
Equity10/15€139k€116k▼
Contributions10/11€6k€6k=
Reserves13€133k€117k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€120k€115k▼
Distributable reserves133€11k€0▼
Profit (loss) carried forward14-€-6k
Provisions and deferred taxes16€27k€26k▼
Deferred taxes168€27k€26k▼
Amounts payable17/49€912k€968k▲
Amounts payable after more than one year17€36k€27k▼
Financial debts170/4€36k€27k▼
Amounts payable within one year42/48€876k€941k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€11k€18k▲
Suppliers440/4€11k€18k▲
Taxes, remuneration and social security45€152€4k▲
Taxes450/3€152€4k▲
Other amounts payable47/48€856k€910k▲
Income statement
Code20242025
Remuneration, social security and pensions62€64k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€38k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€73k€96k▲
Operating profit (loss)9901€-18k€-22k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€803€2k▲
Recurring financial charges65€803€2k▲
Profit (loss) for the period before taxes9903€-19k€-24k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€152€148▼
Profit (loss) for the period9904€-18k€-23k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€-13k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-18k▼
Transfer from equity791/2€13k€11k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90871.00.9▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-50k ▼207%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €47k
Net result €47k after 2 loss-making years.
31-03
Financial
Equity above €200kEq €209k ▲38.8%
Equity rises from €151k to €209k.
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2021
Fabienne Tuyttens
CurrentDirector · since 04-08-2021
04-08-2021
Appointed as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2002
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.
Gymnasiastraat(Mar) 218510 KortrijkGround area
1,072 m²
Building footprint
178 m²
Volume, LiDAR
1,067 m³
Parcel 34026A0196/00L000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gymnasiastraat(Mar) 21, 8510 Kortrijk
since 20022.114.332.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0196/00L000 | Flanders | 1,072 m² | 1 · 178 m² | 10.4 m · 2 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.
Similar companies · same sector, comparable size
HH 24
BE 1012.496.391
Namur · Eq €116k
FINDUS CONSULTING
BE 0800.249.802
Tienen · Eq €116k
Seneth
BE 0765.468.867
Begijnendijk · Eq €116k
SIMOTRA
BE 0476.272.968
Edegem · Eq €116k
DANNY G. LARBOUILLAT
BE 0461.246.084
Mont-Saint-Guibert · Eq €116k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 40,689 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2002
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74151
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.