ACTIVE

MALBAG

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Financial year 2025 · closed on 31/12/2025

Net result

277,7 €

+551.6% YoY

Gross margin

34,5 k €

-9.4% YoY

Equity

662,7 k €

+0.0% YoY

What does MALBAG do?

MALBAG is a Private limited company incorporated in 2012. Its main activity is: Mixed farming. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0847.429.117

Incorporation

30/06/2012

Legal form

Private limited company

Registered office

Poekestraat 102
8755 Wingene · FlandreSee on map

Contributed capital

663 693,19 €

Latest accounts

31/12/2025

Activities (NACE)

01500Mixed farming· main 01500Mixed farming

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	34,5 k €	-9.4%	38,1 k €	+36.0%	28 k €	-49.4%	55,3 k €	-23.3%	72,1 k €	-15.9%	85,6 k €	-31.6%	125,2 k €	+19.5%	104,8 k €	+39.1%	75,3 k €	+5.8%	71,2 k €	+66.3%	42,8 k €	-3.7%	44,5 k €	+130%	19,4 k €	-23.5%	25,3 k €
EBITDA	33 k €	+43.6%	23 k €	+70.9%	13,4 k €	-68.9%	43,2 k €	-24.4%	57,1 k €	-20.5%	71,8 k €	-27.7%	99,3 k €	+8.5%	91,6 k €	+36.0%	67,3 k €	+2.5%	65,7 k €	+88.2%	34,9 k €	-2.5%	35,8 k €	+177%	12,9 k €	-48.5%	25,1 k €
Operating result	3,1 k €	-15.5%	3,7 k €	+204%	-3,5 k €	+30.7%	-5,1 k €	-182%	6,2 k €	-59.4%	15,4 k €	+89.3%	8,1 k €	-3.6%	8,4 k €	+146%	3,4 k €	-60.4%	8,7 k €	-6.5%	9,3 k €	+44.0%	6,4 k €	+140%	-16 k €	-139%	-6,7 k €
Net result	277,7 €	+552%	42,6 €	+100%	-9,2 k €	+20.1%	-11,6 k €	-1184%	1,1 k €	-90.3%	11 k €	+263%	3 k €	+2422%	120,5 €	-78.7%	566,2 €	-92.5%	7,5 k €	-12.0%	8,6 k €	+33.9%	6,4 k €	+128%	-22,9 k €	-132%	-9,9 k €
Balance sheet
Equity	662,7 k €	+0.0%	662,5 k €	+0.0%	662,4 k €	-1.4%	671,7 k €	-1.7%	683,2 k €	+0.2%	682,2 k €	+1.6%	671,1 k €	+0.5%	668,1 k €	+0.0%	668 k €	+0.1%	667,4 k €	+1.1%	659,9 k €	+1.3%	651,3 k €	+1.0%	644,9 k €	-3.4%	667,8 k €
Total assets	1,4 M €	+12.4%	1,2 M €	+7.4%	1,1 M €	+7.6%	1 M €	+4.1%	1 M €	-3.0%	1 M €	-12.3%	1,2 M €	+2.4%	1,2 M €	+20.9%	956,9 k €	+7.3%	892,2 k €	-6.5%	954 k €	+3.2%	924,5 k €	+2.0%	906,7 k €	-1.5%	920,7 k €
Cash	1,5 k €	+31.9%	1,2 k €	-5.3%	1,2 k €	-88.8%	11 k €	-27.9%	15,2 k €	+30.5%	11,7 k €	-32.8%	17,4 k €	+231%	5,3 k €	-37.2%	8,4 k €	+9.4%	7,6 k €		–		1,3 k €	+8.5%	1,2 k €	-96.6%	36,6 k €
Debts	700,3 k €	+27.3%	550 k €	+17.9%	466,4 k €	+23.5%	377,5 k €	+16.3%	324,5 k €	-9.2%	357,1 k €	-30.4%	513,5 k €	+5.1%	488,4 k €	+69.0%	289 k €	+28.5%	224,8 k €	-23.6%	294,2 k €	+17.7%	249,9 k €	-4.6%	261,8 k €	+3.6%	252,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

LEEN MADDELEIN

Director · since 30 juin 2012

Active

Ended mandates

LEEN MADDELEIN

Manager · since 30 juin 2012

Ended

LEEN MADDELEIN

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Mabel - Meat● Active	0454.201.609
MADDELEIN● Active	0413.558.510

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/08/2026	28/08/2025	29/08/2024	31/08/2023	14/10/2022	29/09/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	14/09/2022	14/09/2021
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

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/06/2026	20/08/2026	Dutch	PDF
Micro model	31/12/2024	03/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	04/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	06/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	14/09/2022	14/10/2022	Dutch	PDF
Micro model	31/12/2020	14/09/2021	29/09/2021	Dutch	PDF
Micro model	31/12/2019	15/12/2020	15/12/2020	Dutch	PDF
Micro model	31/12/2018	14/09/2019	30/09/2019	Dutch	PDF
Micro model	31/12/2017	14/09/2018	21/09/2018	Dutch	PDF
Micro model	31/12/2016	14/09/2017	15/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/08/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

LEEN MADDELEIN

Director · since 30 juin 2012

Active

Ended mandates

LEEN MADDELEIN

Manager · since 30 juin 2012

Ended

LEEN MADDELEIN

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/07/2024
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other25/07/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025277,7 €↑
2024
Annual accounts 202442,6 €↑
2023
Annual accounts 2023-9,2 k €↑
2022
Annual accounts 2022-11,6 k €↓
2021
Annual accounts 20211,1 k €↓
2020
Annual accounts 202011 k €↑
2019
Annual accounts 20193 k €↑
2018
Annual accounts 2018120,5 €↓
2017
Annual accounts 2017566,2 €↓
2016
Annual accounts 20167,5 k €↓
2015
Annual accounts 20158,6 k €↑
2014
Annual accounts 20146,4 k €↑
2013
Annual accounts 2013-22,9 k €↓
2012
Annual accounts 2012-9,9 k €
30/06/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MALBAG

Overview

What does MALBAG do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline