Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.1 to 7.
Financials
Financial year 2025
MALAGRO from Sint-Gillis-Waas, company number BE0872651986, closed financial year 2025 with a result of € 76,587 after tax. For that financial year MALAGRO recorded a gross margin of € 745,907 and equity of € 767,000. Compared with financial year 2024, the result moved from € 33,437 to € 76,587. 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 January 31, 2026.
€ 767,000
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,587
▲ 129% vs 2024
Profit after tax over the fiscal year.
€ 613,487
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10,526 paid out
14 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
7
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 400,087
▼ 12% vs 2024
€ 57,200 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.
€ 182,238
▲ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 190,829
▼ 42% vs 2024
€ 128,699 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 287,929
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,939
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 700,601 | € 791,462 | € 761,243 | € 745,907 | ▼ 2% |
| Profit after taxes | € 61,891 | € 46,790 | € 33,437 | € 76,587 | ▲ 129% |
| Equity | € 620,713 | € 667,503 | € 700,940 | € 767,000 | ▲ 9% |
| Total debts | € 660,010 | € 755,321 | € 764,225 | € 625,893 | ▼ 18% |
| Cash | € 382,190 | € 446,917 | € 501,420 | € 613,487 | ▲ 22% |
| Land & buildings | € 21,915 | € 16,753 | € 11,592 | € 9,900 | ▼ 15% |
| Retained profit | € 614,513 | € 661,303 | € 694,740 | € 760,800 | ▲ 10% |
| Dividend | € 0 | € 0 | € 0 | € 10,526 | |
| Bank debt | € 286,957 | € 353,405 | € 330,872 | € 190,829 | ▼ 42% |
| Balance sheet total | € 1,282,872 | € 1,425,064 | € 1,467,494 | € 1,395,313 | ▼ 5% |
| Employees (FTE) | 7.8 | 9.1 | 8.3 | 7 | ▼ 1.3 |
Key figures of MALAGRO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MALAGRO?
What happened at MALAGRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,587 (▲ 129% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Sint-Gillis-Waas. KBO
In short
From € 61,891 profit in 2022 to € 76,587 profit in 2025.
Paid € 84,601 in corporate taxes since 2022.
Best year ever: 2025, with € 76,587 profit.
On average € 106,600 of value added per employee in 2025.
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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 MALAGRO are Jean-Pierre Moorthamers and Jacques Moorthamers.
Directors
According to the 2025 annual accounts
Jean-Pierre Moorthamers
Director
Jacques Moorthamers
Director
Establishments
Establishment units
Physical locations of this company
Smoutstraat(SGW) 6
9170 Sint-Gillis-Waas
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
- 0872.651.986
- VAT number
- BE 0872.651.986
- Registered office
- Smoutstraat(SGW) 6, 9170 Sint-Gillis-Waas
- Names & denominations
- MALAGRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2005
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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