ACTIVE

ETABLISSEMENTS MALICE

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Financial year 2025 · Closed on 31/12/2025

Net result526,8 k €-50,9 %over 1 year
Revenue11,2 M €-52,2 %over 1 year
Equity2,6 M €+5,1 %over 1 year
Workforce39,8 ETP-8,1 %over 1 year

Identity

Source · BCE/KBO

ETABLISSEMENTS MALICE is a Public limited company incorporated in 1990. Its registered office is in Bruxelles. It employs on average 39,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0441.449.473
Incorporation
12/09/1990
Legal form
Public limited company
Registered office
Avenue du Marly 15
1120 Bruxelles · BruxellesSee on map
Contributed capital
300 000,00 €
Latest accounts
31/12/2025
Average workforce
39,8 ETP
Joint committees (7)
  • 111
  • 124
  • 126
  • 14901
  • 200
  • 209
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue11,2 M €23,5 M €18 M €15,3 M €12,5 M €
EBITDA840,5 k €1,5 M €1,9 M €1,1 M €718,1 k €
Operating result766,4 k €1,5 M €1,4 M €842,6 k €35,7 k €
Net result526,8 k €1,1 M €1 M €559,6 k €-34 k €
Balance sheet
Equity2,6 M €2,5 M €1,8 M €1,3 M €1,1 M €
Total assets5,4 M €5,9 M €6,2 M €6,1 M €5,1 M €
Cash555,5 k €1,9 M €1,4 M €1,5 M €977,9 k €
Debts2,6 M €3,3 M €4,4 M €4,7 M €4 M €
Other
Workforce39,8 ETP43,3 ETP43,2 ETP36,9 ETP35,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 24 ended

Active mandates

LM INVEST

Director · since 13 décembre 2021 · until 18 juin 2027 · 0564.861.484

Represented by Laurent Malice

Active

Ended mandates

LM INVEST

Director · since 13 décembre 2021 · until 18 juin 2027 · 0564.861.484

Represented by Laurent Malice

Ended
LM INVEST

Director · since 13 décembre 2021 · until 12 décembre 2027 · 0564.861.484

Represented by LAURENT MALICE

Ended
LAURENT MALICE

Director · since 04 décembre 2015 · until 09 décembre 2019

Ended
LAURENT MALICE

Managing director · since 04 décembre 2015 · until 09 décembre 2019

Ended

Other companies at this address

Avenue du Marly 15 1120 Bruxelles
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0884.069.183
ATELIER ORLOFF● Active
0466.658.684
Fonds de sécurité d'existence pour le secteur des électriciens Volta - Fonds voor bestaanszekerheid voor de sector der elektriciens Volta● Active
0416.381.606
RIFORM● Active
1032.045.851
SEFOCAM● Active
0478.924.632
Sefoplus OFP● Active
0715.441.019
TML GROUP● Active
1002.814.803
Verano BE● Active
0461.336.552
VOLTA GROEP● Active
0722.610.012

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202603/07/202528/06/202430/06/202311/07/202202/07/2021
General meeting30/06/202620/06/202521/06/202429/06/202308/07/202202/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202616/07/2026FrenchPDF
Full model31/12/202420/06/202503/07/2025FrenchPDF
Full model31/12/202321/06/202428/06/2024FrenchPDF
Full model31/12/202229/06/202330/06/2023FrenchPDF
Full model31/12/202108/07/202211/07/2022FrenchPDF
Full model31/12/202002/07/202102/07/2021FrenchPDF
Full model31/12/201930/06/202006/07/2020FrenchPDF
Full model31/12/201808/07/201916/07/2019FrenchPDF
Full model31/12/201726/06/201810/07/2018FrenchPDF
Full model31/12/201619/05/201715/06/2017FrenchPDF
Full model31/12/201520/05/201606/06/2016FrenchPDF
Full model31/12/201426/06/201502/07/2015FrenchPDF
Full modelCorrection31/12/201316/05/201402/12/2014FrenchPDF
Full model31/12/201316/05/201411/06/2014FrenchPDF
Abridged modelCorrection31/12/201217/05/201301/12/2014FrenchPDF
Abridged model31/12/201217/05/201313/06/2013FrenchPDF
Abridged model31/12/201118/05/201215/06/2012FrenchPDF
Abridged model31/12/201020/05/201106/06/2011FrenchPDF
Abridged model31/12/200921/05/201017/06/2010FrenchPDF
Abridged model31/12/200823/03/200902/04/2009FrenchPDF
Abridged model31/12/200719/03/200825/03/2008FrenchPDF
Abridged model31/12/200618/05/200715/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 24 ended

Active mandates

LM INVEST

Director · since 13 décembre 2021 · until 18 juin 2027 · 0564.861.484

Represented by Laurent Malice

Active

Ended mandates

LM INVEST

Director · since 13 décembre 2021 · until 18 juin 2027 · 0564.861.484

Represented by Laurent Malice

Ended
LM INVEST

Director · since 13 décembre 2021 · until 12 décembre 2027 · 0564.861.484

Represented by LAURENT MALICE

Ended
LAURENT MALICE

Director · since 04 décembre 2015 · until 09 décembre 2019

Ended
LAURENT MALICE

Managing director · since 04 décembre 2015 · until 09 décembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/12/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/01/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/12/2015
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025526,8 k €↓
  2. 2024
    Annual accounts 20241,1 M €↑
  3. 2023
    Annual accounts 20231 M €↑
  4. 2022
    Annual accounts 2022559,6 k €↑
  5. 2021
    Annual accounts 2021-34 k €↓
  6. 2021
    Name changeETABLISSEMENTS MALICE, en abrégé ETS MALICE
  7. 2020
    Annual accounts 2020700,6 k €↑
  8. 2019
    Annual accounts 2019603,6 k €↓
  9. 2018
    Annual accounts 2018717,5 k €↑
  10. 2017
    Annual accounts 2017405,1 k €↓
  11. 2016
    Annual accounts 2016428,3 k €↓
  12. 2015
    Annual accounts 2015536,3 k €↓
  13. 2014
    Annual accounts 2014734,7 k €↑
  14. 2013
    Annual accounts 2013330,1 k €↓
  15. 2012
    Annual accounts 2012373,9 k €↑
  16. 2011
    Annual accounts 2011360,8 k €↑
  17. 2010
    Annual accounts 2010229,1 k €↑
  18. 2009
    Annual accounts 2009139,3 k €↓
  19. 2008
    Annual accounts 2008246,2 k €↑
  20. 2007
    Annual accounts 200765,9 k €↑
  21. 2006
    Annual accounts 200632 k €
  22. 2006
    Name changeETABLISSEMENTS MALICE
  23. 12/09/1990
    IncorporationPublic limited company