Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MALYCON from Kortrijk, company number BE0477940774, closed financial year 2025 with a result of € -22,669 after tax. For that financial year MALYCON recorded a gross margin of € 95,753 and equity of € 116,457. Compared with financial year 2024, the result moved from € -17,614 to € -22,669. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2025.
€ 116,457
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,669
▼ 29 % more loss than in 2024
Profit after tax over the fiscal year.
€ 15,664
▲ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 110,257.
People and assets in 2025
0.9
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 76,926
▲ 19% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 49,726
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36,080
▼ 19% vs 2024
€ 8,882 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 17,784
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,420
▲ € 4,268 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,565 | € 118,044 | € 72,546 | € 95,753 | ▲ 32% |
| Profit after taxes | € -50,295 | € -2,027 | € -17,614 | € -22,669 | ▼ € 5,055 |
| Equity | € 158,767 | € 156,740 | € 139,126 | € 116,457 | ▼ 16% |
| Total debts | € 602,372 | € 597,435 | € 912,160 | € 968,134 | ▲ 6% |
| Cash | € 3,913 | € 18,547 | € 9,207 | € 15,664 | ▲ 70% |
| Land & buildings | € 454,227 | € 454,055 | € 659,982 | € 745,983 | ▲ 13% |
| Retained profit | € 152,567 | € 150,540 | € 132,926 | € 110,257 | ▼ 17% |
| Bank debt | € 3,346 | € 0 | € 44,611 | € 36,080 | ▼ 19% |
| Balance sheet total | € 791,446 | € 782,881 | € 1,078,390 | € 1,110,093 | ▲ 3% |
| Employees (FTE) | - | - | 1 | 0.9 | ▼ 0.1 |
Key figures of MALYCON, 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 October 2026.
What happened to MALYCON?
What happened at MALYCON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,669. Source: NBB ↗
- Fabienne Tuyttens became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,295 loss in 2022 to € 22,669 loss in 2025.
Paid € 300 in corporate taxes since 2022.
On average € 72,500 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MALYCON is Fabienne Tuyttens. The shares are held by Fabienne Tuyttens, Thomas Malysse and Emilie Malysse.
Directors
According to the 2025 annual accounts
since 2021
Shareholders
Fabienne Tuyttens · director
Thomas Malysse
Emilie Malysse
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gymnasiastraat(Mar) 21
8510 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.940.774
- VAT number
- BE 0477.940.774
- Registered office
- Gymnasiastraat(Mar) 21, 8510 Kortrijk
- Names & denominations
- MALYCON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2002
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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