MALAY GEMS
0437.870.074 · rovalta.com · 24/09/2026
NORMAL SITUATION
MALAY GEMS
Financial year 2025 · closed on 30/06/2025
Net result
-1,2 M €
-766.1% YoY
Revenue
4,1 M €
-74.1% YoY
Equity
4,3 M €
-21.9% YoY
Company — Normal situation.
Overview
What does MALAY GEMS do?
MALAY GEMS is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.870.074
Legal form
Private company with limited liability
Contributed capital
2 400 000,00 €
Latest accounts
30/06/2025
Joint committees (2)
- 200
- 218
Signals
Solid equityGood liquidityHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 4,1 M € | -74.1% | 15,7 M € | -25.1% | 21 M € | -21.1% | 26,6 M € | +34.8% | 19,7 M € | +53.6% | 12,9 M € | -40.5% | 21,6 M € | -12.8% | 24,8 M € | +20.6% | 20,6 M € | +5.5% | 19,5 M € | -50.3% | 39,2 M € | +70.7% | 23 M € | +17.6% | 19,5 M € | -20.5% | 24,6 M € | +3.7% | 23,7 M € | +34.0% | 17,7 M € | -7.4% | 19,1 M € | +28.1% | 14,9 M € | -37.6% | 23,9 M € | +13.3% | 21,1 M € |
| EBITDA | -748,1 k € | -260% | 468,2 k € | +171% | 172,7 k € | -80.5% | 887,3 k € | +18.3% | 750 k € | +4357% | -17,6 k € | -106% | 294,5 k € | -23.2% | 383,6 k € | -46.7% | 720,3 k € | +130% | 313,2 k € | +171% | 115,5 k € | +216% | -99,6 k € | -143% | 230,9 k € | +316% | 55,5 k € | -43.9% | 98,9 k € | +288% | -52,5 k € | -109% | 562,2 k € | +598% | 80,5 k € | -82.5% | 461,1 k € | -80.9% | 2,4 M € |
| Operating result | -1,2 M € | -641% | 222,9 k € | +41.7% | 157,3 k € | -82.0% | 873,3 k € | +18.3% | 738,3 k € | +2643% | -29 k € | -110% | 278,2 k € | -24.4% | 367,8 k € | -47.1% | 695,6 k € | +142% | 287 k € | +233% | 86,2 k € | +168% | -126,3 k € | -162% | 204,4 k € | +617% | 28,5 k € | -59.6% | 70,5 k € | +191% | -77,2 k € | -114% | 543,1 k € | +778% | 61,9 k € | -86.0% | 443,3 k € | -81.5% | 2,4 M € |
| Net result | -1,2 M € | -766% | 182,4 k € | +117% | 84,2 k € | -89.3% | 786 k € | +14.9% | 683,9 k € | +589% | -139,8 k € | -174% | 188,8 k € | -26.1% | 255,4 k € | +77.9% | 143,6 k € | -49.6% | 285 k € | +103% | 140,3 k € | +84.7% | 76 k € | +62.6% | 46,7 k € | -54.8% | 103,3 k € | +18.5% | 87,2 k € | -14.2% | 101,7 k € | +62.8% | 62,5 k € | +57.3% | 39,7 k € | -8.8% | 43,5 k € | -98.0% | 2,1 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 4,3 M € | -21.9% | 5,6 M € | +3.4% | 5,4 M € | +1.6% | 5,3 M € | +17.4% | 4,5 M € | +17.9% | 3,8 M € | -3.5% | 4 M € | +5.0% | 3,8 M € | +7.3% | 3,5 M € | +4.3% | 3,4 M € | +9.2% | 3,1 M € | +4.8% | 2,9 M € | +2.6% | 2,9 M € | +1.7% | 2,8 M € | +3.8% | 2,7 M € | +3.3% | 2,6 M € | +4.0% | 2,5 M € | +2.5% | 2,5 M € | +1.6% | 2,4 M € | +1.8% | 2,4 M € |
| Total assets | 5 M € | -18.9% | 6,2 M € | -8.9% | 6,8 M € | -0.1% | 6,8 M € | +14.6% | 5,9 M € | +10.2% | 5,4 M € | +6.7% | 5 M € | -34.9% | 7,7 M € | +44.9% | 5,3 M € | +11.4% | 4,8 M € | -24.9% | 6,4 M € | +4.4% | 6,1 M € | +7.4% | 5,7 M € | -15.8% | 6,7 M € | +34.2% | 5 M € | +5.9% | 4,7 M € | -7.9% | 5,2 M € | -15.3% | 6,1 M € | +27.4% | 4,8 M € | -22.8% | 6,2 M € |
| Cash | 2,5 M € | +27.9% | 1,9 M € | +43.1% | 1,4 M € | -47.6% | 2,6 M € | -0.1% | 2,6 M € | +34228% | 7,5 k € | -91.5% | 88,7 k € | -34.3% | 135 k € | -44.2% | 241,8 k € | -31.9% | 355,3 k € | +218% | 111,6 k € | +1636% | 6,4 k € | +45.2% | 4,4 k € | -50.8% | 9 k € | -49.9% | 17,9 k € | +3.1% | 17,4 k € | +131% | 7,5 k € | -31.7% | 11 k € | -2.2% | 11,3 k € | +75.9% | 6,4 k € |
| Debts | 649,4 k € | +8.3% | 599,4 k € | -56.7% | 1,4 M € | -6.1% | 1,5 M € | +5.5% | 1,4 M € | -8.9% | 1,5 M € | +44.7% | 1,1 M € | -73.0% | 3,9 M € | +118% | 1,8 M € | +28.6% | 1,4 M € | -57.2% | 3,3 M € | +4.1% | 3,1 M € | +12.3% | 2,8 M € | -28.4% | 3,9 M € | +70.1% | 2,3 M € | +9.1% | 2,1 M € | -19.4% | 2,6 M € | -27.6% | 3,6 M € | +54.2% | 2,3 M € | -38.3% | 3,8 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | 0,6 ETP | -40.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | -9.1% | 1,1 ETP | +57.1% | 0,7 ETP | |||
Governance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 1 ended
Active mandates
Malay KOTHARI
ActiveEnded mandates
Malay KOTHARI
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 30/06/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 6 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/08/2026 | 30/08/2025 | 30/08/2024 | 28/07/2023 | 30/08/2022 | 20/08/2021 |
| General meeting | 28/08/2026 | 29/08/2025 | 30/08/2024 | 28/07/2023 | 30/06/2022 | 23/07/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
35 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/06/2025 | 28/08/2026 | 29/08/2026 | Dutch | |
| Full model | 31/12/2024 | 29/08/2025 | 30/08/2025 | Dutch | |
| Full model | 31/12/2023 | 30/08/2024 | 30/08/2024 | Dutch | |
| Full model | 31/12/2022 | 28/07/2023 | 28/07/2023 | Dutch | |
| Full model | 31/12/2021 | 30/06/2022 | 30/08/2022 | Dutch | |
| Full model | 31/12/2020 | 23/07/2021 | 20/08/2021 | Dutch | |
| Full model | 31/12/2019 | 20/07/2020 | 30/09/2020 | Dutch | |
| Full model | 31/12/2018 | 26/07/2019 | 31/07/2019 | Dutch | |
| Full model | 31/12/2017 | 28/06/2018 | 31/07/2018 | Dutch | |
| Full model | 31/12/2016 | 20/07/2017 | 28/07/2017 | Dutch | |
| Full model | 31/12/2015 | 30/06/2016 | 29/07/2016 | Dutch | |
| Full model | 31/12/2014 | 26/08/2015 | 28/08/2015 | Dutch | |
| Full model | 31/12/2013 | 30/06/2014 | 28/08/2014 | Dutch | |
| Full model | 31/12/2012 | 28/06/2013 | 17/07/2013 | Dutch | |
| Full model | 31/12/2011 | 29/06/2012 | 29/08/2012 | Dutch | |
| Full model | 31/12/2010 | 28/07/2011 | 30/08/2011 | Dutch | |
| Full model | 31/12/2009 | 29/07/2010 | 31/08/2010 | Dutch | |
| Full model | 31/12/2008 | 15/07/2009 | 31/08/2009 | Dutch | |
| Full model | 31/12/2007 | 07/06/2008 | 31/07/2008 | Dutch | |
| Full model | 31/12/2006 | 02/06/2007 | 20/07/2007 | Dutch | |
| Full model | 31/12/2005 | 03/06/2006 | 28/07/2006 | Dutch | |
| Full model | 31/12/2004 | 04/06/2005 | 27/09/2005 | Dutch | |
| Full model | 31/12/2003 | 04/06/2004 | 07/07/2004 | Dutch | |
| Full model | 31/12/2002 | 07/06/2003 | 31/07/2003 | Dutch |
Valuation
Estimate
Indicative valuation
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 1 ended
Active mandates
Malay KOTHARI
ActiveEnded mandates
Malay KOTHARI
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution07/05/2026RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates23/03/2026ONTSLAGEN - BENOEMINGEN
- Restructuring18/02/2026RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates27/06/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Mandates19/09/2023ONTSLAGEN - BENOEMINGEN
- Mandates13/08/2020ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,2 M €↓
- 2024Annual accounts 2024182,4 k €↑
- 2023Annual accounts 202384,2 k €↓
- 2022Annual accounts 2022786 k €↑
- 2021Annual accounts 2021683,9 k €↑
- 2020Annual accounts 2020-139,8 k €↓
- 2019Annual accounts 2019188,8 k €↓
- 2018Annual accounts 2018255,4 k €↑
- 2017Annual accounts 2017143,6 k €↓
- 2016Annual accounts 2016285 k €↑
- 2015Annual accounts 2015140,3 k €↑
- 2014Annual accounts 201476 k €↑
- 2013Annual accounts 201346,7 k €↓
- 2012Annual accounts 2012103,3 k €↑
- 2011Annual accounts 201187,2 k €↓
- 2010Annual accounts 2010101,7 k €↑
- 2009Annual accounts 200962,5 k €↑
- 2008Annual accounts 200839,7 k €↓
- 2007Annual accounts 200743,5 k €↓
- 2006Annual accounts 20062,1 M €