Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MALU from Duffel, company number BE0414382911, closed financial year 2025 with a result of € 818,713 after tax. For that financial year MALU recorded revenue of € 47.8 million and equity of € 9.3 million. Compared with financial year 2024, the result moved from € 351,490 to € 818,713. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 9.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 818,713
▲ 133% vs 2024
Profit after tax over the fiscal year.
€ 221,868
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 758,952 paid out
93 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
24.9
▲ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 19% vs 2024
€ 95,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 177,695
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.4 million
▲ 90% vs 2024
€ 25,626 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.1 million
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 9 days on average.
€ 274,761
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 42,176,087 | € 38,866,360 | € 37,898,302 | € 47,798,703 | ▲ 26% |
| Profit after taxes | € 2,108 | € 312,381 | € 351,490 | € 818,713 | ▲ 133% |
| Equity | € 9,227,173 | € 9,539,553 | € 9,215,795 | € 9,275,556 | ▲ 1% |
| Total debts | € 16,020,869 | € 18,129,347 | € 8,108,117 | € 16,128,604 | ▲ 99% |
| Cash | € 339,668 | € 191,999 | € 816,302 | € 221,868 | ▼ 73% |
| Land & buildings | € 3,737,506 | € 3,654,976 | € 3,572,445 | € 3,493,509 | ▼ 2% |
| Retained profit | € 1,603,853 | € 1,916,234 | € 1,592,476 | € 1,652,237 | ▲ 4% |
| Dividend | € 0 | € 0 | € 675,249 | € 758,952 | ▲ 12% |
| Bank debt | € 14,787,600 | € 17,341,486 | € 7,034,058 | € 13,358,054 | ▲ 90% |
| Balance sheet total | € 25,248,042 | € 27,668,900 | € 17,323,912 | € 25,404,160 | ▲ 47% |
| Employees (FTE) | 22.1 | 23.3 | 23 | 24.9 | ▲ 1.9 |
Key figures of MALU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MALU?
What happened at MALU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Drika BV stepped down as director. NBB
- Litian BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 818,713 (▲ 133% vs 2024). Source: NBB ↗
- Kasta BV stepped down as director. NBB
- Kasta BV became a director. NBB
- Drika BV became a director. NBB
- Litian BV became a director. NBB
- New establishment in Duffel. KBO
In short
From € 2,108 profit in 2022 to € 818,713 profit in 2025.
Paid € 624,995 in corporate taxes since 2022.
Best year ever: 2025, with € 818,713 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 29
2570 Duffel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.382.911
- VAT number
- BE 0414.382.911
- Registered office
- Nijverheidsstraat 29, 2570 Duffel
- Names & denominations
- MALU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 1974
- Peppol
- Active · Active since 4 Oct 2025
- Activities · NACE
Groothandel in huishoudtextiel en beddengoed
Groothandel in textiel
Groothandel in kleding, kledingtoebehoren en bontartikelen
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in onderkleding
Groothandel in kledingaccessoires