ACTIVE

MALAGRO

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Financial year 2025 · closed on 30/06/2025

Net result

76,6 k €

+129.0% YoY

Gross margin

745,9 k €

-2.0% YoY

Equity

767 k €

+9.4% YoY

Workforce

7,0 ETP

-15.7% YoY

What does MALAGRO do?

MALAGRO is a Private limited company incorporated in 2005. Its registered office is in Sint-Gillis-Waas. It employs on average 7,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.651.986

Incorporation

22/03/2005

Legal form

Private limited company

Registered office

Smoutstraat(SGW) 6
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Average workforce

7,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	745,9 k €	-2.0%	761,2 k €	-3.8%	791,5 k €	+13.0%	700,6 k €	+43.3%	489 k €	+11.4%	438,8 k €	-17.4%	531,1 k €	-5.5%	562,1 k €	+7.7%	522 k €	+61.6%	323,1 k €	+3.9%	311,1 k €	+2.6%	303,1 k €	+18.3%	256,1 k €	-10.4%	285,8 k €	+37.7%	207,5 k €	+79.4%	115,7 k €	+15.5%	100,2 k €	+55.1%	64,6 k €	-2.4%	66,2 k €
EBITDA	340,5 k €	+12.3%	303,1 k €	-5.1%	319,4 k €	+7.2%	297,8 k €	+17.6%	253,1 k €	+15.6%	219,1 k €	-24.9%	291,8 k €	+7.6%	271,2 k €	-4.1%	282,9 k €	+82.4%	155,1 k €	+2.4%	151,4 k €	+6.7%	142 k €	+24.8%	113,7 k €	-2.7%	116,9 k €	+13.8%	102,7 k €	+70.6%	60,2 k €	+10.1%	54,7 k €	+184%	19,2 k €	-9.5%	21,3 k €
Operating result	105,9 k €	+35.4%	78,2 k €	+19.5%	65,4 k €	-19.2%	81 k €	-2.4%	83 k €	+48.0%	56,1 k €	-27.2%	77,1 k €	-13.3%	88,9 k €	-22.8%	115,2 k €	+332%	26,7 k €	-68.0%	83,2 k €	+57.8%	52,8 k €	-15.4%	62,3 k €	+28.8%	48,4 k €	+288%	12,5 k €	-9.2%	13,7 k €	+31.4%	10,5 k €	+10.1%	9,5 k €	-23.0%	12,3 k €
Net result	76,6 k €	+129%	33,4 k €	-28.5%	46,8 k €	-24.4%	61,9 k €	-1.1%	62,6 k €	+39.5%	44,9 k €	-43.9%	79,9 k €	+34.9%	59,2 k €	-30.1%	84,7 k €	+381%	17,6 k €	-64.5%	49,7 k €	+14.0%	43,6 k €	+9.8%	39,7 k €	+28.8%	30,8 k €	+251%	8,8 k €	-1.9%	9 k €	+56.4%	5,7 k €	-16.0%	6,8 k €	-26.3%	9,3 k €
Balance sheet
Equity	767 k €	+9.4%	700,9 k €	+5.0%	667,5 k €	+7.5%	620,7 k €	+11.1%	558,8 k €	+12.6%	496,2 k €	+9.9%	451,4 k €	+21.5%	371,5 k €	+19.0%	312,3 k €	+37.2%	227,5 k €	+8.4%	209,9 k €	+31.0%	160,2 k €	+37.4%	116,6 k €	+51.7%	76,8 k €	+67.0%	46 k €	+23.6%	37,2 k €	+31.7%	28,2 k €	+25.5%	22,5 k €	+43.5%	15,7 k €
Total assets	1,4 M €	-4.9%	1,5 M €	+3.0%	1,4 M €	+11.1%	1,3 M €	+17.4%	1,1 M €	+13.3%	964,8 k €	-0.4%	968,5 k €	-3.0%	998,6 k €	+70.5%	585,8 k €	+22.6%	477,8 k €	-10.3%	532,6 k €	+8.3%	491,9 k €	-8.5%	537,4 k €	+11.3%	482,7 k €	-15.0%	568,1 k €	+58.0%	359,5 k €	+63.9%	219,4 k €	+48.8%	147,4 k €	+47.4%	100 k €
Cash	613,5 k €	+22.3%	501,4 k €	+12.2%	446,9 k €	+16.9%	382,2 k €	-9.7%	423,5 k €	-11.1%	476,2 k €	+130%	206,7 k €	-56.6%	476,3 k €	+330%	110,7 k €	+35.7%	81,6 k €	-53.8%	176,6 k €	-29.0%	248,5 k €	-4.1%	259,2 k €	+60.6%	161,4 k €	+2472%	6,3 k €	-92.4%	82,3 k €	+29.9%	63,3 k €	+182%	22,4 k €	-39.8%	37,2 k €
Debts	625,1 k €	-18.2%	764 k €	+1.1%	755,3 k €	+14.4%	660 k €	+24.1%	531,8 k €	+14.0%	466,5 k €	-9.1%	513,3 k €	-15.9%	610,6 k €	+147%	246,9 k €	+9.5%	225,5 k €	-25.4%	302,2 k €	+3.1%	293 k €	-23.7%	384,2 k €	-0.7%	387,1 k €	-25.7%	521,2 k €	+63.1%	319,5 k €	+69.2%	188,8 k €	+52.1%	124,1 k €	+48.6%	83,5 k €
Other
Workforce	7,0 ETP	-15.7%	8,3 ETP	-8.8%	9,1 ETP	+16.7%	7,8 ETP	+20.0%	6,5 ETP	-3.0%	6,7 ETP	-2.9%	6,9 ETP	-4.2%	7,2 ETP	+7.5%	6,7 ETP	+39.6%	4,8 ETP	+14.3%	4,2 ETP	+7.7%	3,9 ETP	+2.6%	3,8 ETP	-13.6%	4,4 ETP	+76.0%	2,5 ETP	+92.3%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Jacques Moorthamers

Director

Active

Jean-Pierre Moorthamers

Director

Active

Ended mandates

Jacques Moorthamers

Administrator - manager · since 16 mars 2005

Ended

Jacques Moorthamers

Manager · since 16 mars 2005

Ended

Jean-Pierre Moorthamers

Administrator - manager · since 16 mars 2005

Ended

Jean-Pierre Moorthamers

Manager · since 16 mars 2005

Ended

At this address

Other companies at this address

Company	CBE no.
MOORTHAMERS TRANSPORT● Active	0870.449.987

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/01/2026	31/01/2025	31/01/2025	01/02/2023	01/02/2023	01/02/2021
General meeting	26/12/2025	27/12/2024	22/12/2023	26/12/2022	24/12/2021	24/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	26/12/2025	31/01/2026	Dutch	PDF
Abridged model	30/06/2024	27/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	22/12/2023	31/01/2025	Dutch	PDF
Abridged model	30/06/2022	26/12/2022	01/02/2023	Dutch	PDF
Abridged model	30/06/2021	24/12/2021	01/02/2023	Dutch	PDF
Abridged model	30/06/2020	24/12/2020	01/02/2021	Dutch	PDF
Abridged model	30/06/2019	23/12/2019	30/01/2020	Dutch	PDF
Abridged model	30/06/2018	27/12/2018	31/01/2019	Dutch	PDF
Abridged model	30/06/2017	22/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	23/12/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	25/12/2015	21/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	19/04/2013	Dutch	PDF
Abridged model	30/06/2011	26/12/2011	27/02/2012	Dutch	PDF
Abridged model	30/06/2010	27/12/2010	28/02/2011	Dutch	PDF
Abridged model	30/06/2009	26/12/2009	26/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	18/02/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	03/03/2008	Dutch	PDF
Abridged model	30/06/2006	22/12/2006	19/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Jacques Moorthamers

Director

Active

Jean-Pierre Moorthamers

Director

Active

Ended mandates

Jacques Moorthamers

Administrator - manager · since 16 mars 2005

Ended

Jacques Moorthamers

Manager · since 16 mars 2005

Ended

Jean-Pierre Moorthamers

Administrator - manager · since 16 mars 2005

Ended

Jean-Pierre Moorthamers

Manager · since 16 mars 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other06/06/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other01/04/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202576,6 k €↑
2024
Annual accounts 202433,4 k €↓
2023
Annual accounts 202346,8 k €↓
2022
Annual accounts 202261,9 k €↓
2021
Annual accounts 202162,6 k €↑
2020
Annual accounts 202044,9 k €↓
2019
Annual accounts 201979,9 k €↑
2018
Annual accounts 201859,2 k €↓
2017
Annual accounts 201784,7 k €↑
2016
Annual accounts 201617,6 k €↓
2015
Annual accounts 201549,7 k €↑
2014
Annual accounts 201443,6 k €↑
2013
Annual accounts 201339,7 k €↑
2012
Annual accounts 201230,8 k €↑
2011
Annual accounts 20118,8 k €↓
2010
Annual accounts 20109 k €↑
2009
Annual accounts 20095,7 k €↓
2008
Annual accounts 20086,8 k €↓
2007
Annual accounts 20079,3 k €
22/03/2005
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

MALAGRO

Overview

What does MALAGRO do?

Trend over 19 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