De Maeyer Construct
ActiveSummary
The annual accounts of De Maeyer Construct for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €34,883 and a net result of -€41,529. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 17% of 1913 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-50
Solvency37▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.31 against 1.51 in 2024; short-term debt: 18% and cash: 16.3% of total assets), and 87.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.2%
Return on assets
-14.6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€41,529
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
7 d early
2022
3 d early
2021
30 d early
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,883▼ 54.3%
2024 · €76,412
Total assets
€284,911▼ 19.8%
2024 · €355,172
Net result
-€41,529▼ 580%
2024 · -€6,103
Working capital
€16,139▼ 52.5%
2024 · €33,991
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,343▲ 86.2%€1,815▼ 92.8%-€3,622€2,914-€33,892
Net result€21,626within the sector's middle half▲ 124%€154below the sector's middle half▼ 99.3%-€12,480below the sector's middle half-€6,103below the sector's middle half▲ 51.1%-€41,529below the sector's middle half▼ 580%
Equity€94,840within the sector's middle half▲ 29.5%€94,994within the sector's middle half▲ 0.2%€82,515within the sector's middle half▼ 13.1%€76,412within the sector's middle half▼ 7.4%€34,883within the sector's middle half▼ 54.3%
Total assets€237,778within the sector's middle half▲ 35.2%€428,906within the sector's middle half▲ 80.4%€390,921within the sector's middle half▼ 8.9%€355,172within the sector's middle half▼ 9.1%€284,911within the sector's middle half▼ 19.8%
Debt€142,938▲ 39.2%€333,911▲ 134%€308,406▼ 7.6%€278,760▼ 9.6%€250,028▼ 10.3%
Working capital€81,955€65,318▼ 20.3%€41,125▼ 37.0%€33,991▼ 17.3%€16,139▼ 52.5%
Solvency39.9%within the sector's middle half▼ 1.7pp22.1%within the sector's middle half▼ 17.7pp21.1%within the sector's middle half▼ 1.0pp21.5%within the sector's middle half▲ 0.4pp12.2%below the sector's middle half▼ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €33,892 after €2,914 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284,911
Fixed assets
€217,346 ▼ 14.5%
Current assets
€67,565 ▼ 33.2%
Equity and liabilities €284,911
Equity
€34,883 ▼ 54.3%
Debt
€250,028 ▼ 10.3%
Debt's share of the balance-sheet total rises from 78.5% to 87.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,844▼
2024 · €39,515
Cash flow
-€4,793▼
2024 · €30,498
Current ratio
1.31▼
2024 · 1.51
Quick ratio
1.10▼
2024 · 1.11
Debt to equity
7.17▲
2024 · 3.65
ROE
-119.1%▼
2024 · -8.0%
ROA
-14.6%▼
2024 · -1.7%
Interest coverage
0.38▼
2024 · 4.47
Debt ≤ 1 year
€51,426▼
2024 · €67,099
Debt > 1 year
€198,602▼
2024 · €211,661
Income taxes
€185▼
2024 · €194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,295 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €29,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,663 | €30,919 | €40,700 | €36,601 | €36,736 | ▲ 0.4% |
| Other operating charges640/8 | - | €963 | €1,339 | €806 | €561 | ▼ 30.4% |
| Gross operating margin9900 | €56,825 | €33,697 | €38,417 | €40,321 | €3,405 | ▼ 91.6% |
| Operating profit (loss)9901 | €25,343 | €1,815 | -€3,622 | €2,914 | -€33,892 | ▼ 1,263% |
| Financial income75/76B | - | €177 | €65 | €8 | - | - |
| Recurring financial income75 | €1 | €177 | €65 | €8 | - | - |
| Financial charges65/66B | - | €1,630 | €8,738 | €8,831 | €7,452 | ▼ 15.6% |
| Recurring financial charges65 | €759 | €1,630 | €8,738 | €8,831 | €7,452 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €24,585 | €362 | -€12,296 | -€5,909 | -€41,344 | ▼ 600% |
| Income taxes67/77 | €2,959 | €207 | €184 | €194 | €185 | ▼ 4.5% |
| Profit (loss) for the period9904 | €21,626 | €154 | -€12,480 | -€6,103 | -€41,529 | ▼ 580% |
| Profit (loss) for the period to be appropriated9905 | €21,626 | €154 | -€12,480 | -€6,103 | -€41,529 | ▼ 580% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237,778 | €428,906 | €390,921 | €355,172 | €284,911 | ▼ 19.8% |
| Fixed assets21/28 | €111,846 | €322,927 | €288,227 | €254,082 | €217,346 | ▼ 14.5% |
| Tangible fixed assets22/27 | €111,821 | €322,902 | €288,202 | €254,057 | €217,321 | ▼ 14.5% |
| Land and buildings22 | - | €242,134 | €231,065 | €219,996 | €208,972 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €20,150 | €15,739 | €11,884 | €5,393 | ▼ 54.6% |
| Furniture and vehicles24 | - | €60,619 | €41,398 | €22,177 | €2,957 | ▼ 86.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €125,932 | €105,979 | €102,694 | €101,089 | €67,565 | ▼ 33.2% |
| Stocks and contracts in progress3 | €4,876 | €18,561 | €11,750 | €26,591 | €10,930 | ▼ 58.9% |
| Stocks30/36 | - | €4,561 | €9,250 | €25,591 | €7,930 | ▼ 69.0% |
| Contracts in progress37 | - | €14,000 | €2,500 | €1,000 | €3,000 | ▲ 200% |
| Amounts receivable within one year40/41 | €12,510 | €47,688 | €57,259 | €41,908 | €10,194 | ▼ 75.7% |
| Trade receivables40 | - | €12,334 | €57,259 | €41,855 | €8,343 | ▼ 80.1% |
| Other amounts receivable41 | - | €35,353 | - | €53 | €1,852 | ▲ 3,426% |
| Cash at bank and in hand54/58 | €66,256 | €39,730 | €33,685 | €32,591 | €46,440 | ▲ 42.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237,778 | €428,906 | €390,921 | €355,172 | €284,911 | ▼ 19.8% |
| Equity10/15 | €94,840 | €94,994 | €82,515 | €76,412 | €34,883 | ▼ 54.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €86,860 | €86,860 | €86,860 | €86,860 | €86,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €85,000 | €85,000 | €86,860 | €86,860 | = |
| Profit (loss) carried forward14 | €1,780 | €1,934 | -€10,545 | -€16,648 | -€58,177 | ▼ 249% |
| Amounts payable17/49 | €142,938 | €333,911 | €308,406 | €278,760 | €250,028 | ▼ 10.3% |
| Amounts payable after more than one year17 | €97,711 | €289,426 | €246,837 | €211,661 | €198,602 | ▼ 6.2% |
| Financial debts170/4 | - | €289,426 | €246,837 | €211,661 | €198,602 | ▼ 6.2% |
| Amounts payable within one year42/48 | €43,977 | €40,660 | €61,570 | €67,099 | €51,426 | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | - | €26,285 | €34,666 | €35,175 | €20,059 | ▼ 43.0% |
| Trade debts44 | €4,936 | €14,169 | €5,987 | €14,736 | €14,189 | ▼ 3.7% |
| Suppliers440/4 | - | €14,169 | €5,987 | €14,736 | €14,189 | ▼ 3.7% |
| Taxes, remuneration and social security45 | - | €207 | €3,924 | €194 | €185 | ▼ 4.5% |
| Taxes450/3 | - | €207 | €3,924 | €194 | €185 | ▼ 4.5% |
| Other amounts payable47/48 | - | - | €16,993 | €16,993 | €16,993 | = |
| Accrued charges and deferred income492/3 | - | €3,825 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,626 | €154 | -€12,480 | -€6,103 | -€41,529 | ▼ 580% |
| + Depreciation and write-downs630 | €30,663 | €30,919 | €40,700 | €36,601 | €36,736 | ▲ 0.4% |
| Operating cash flow (approximation) | €52,289 | €31,073 | €28,221 | €30,498 | -€4,793 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€242,000 | -€6,000 | -€2,456 | €0 | ▲ 100% |
| Change in cash | - | -€26,526 | -€6,046 | -€1,094 | €13,849 | ▲ 1,366% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€41,529
Net result drops to -€41,529, the lowest in the series.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 2.86
Current ratio from 0.81 to 2.86; short-term debt falls from €102,651 to €43,977.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €30,993 ▲135%
Operating result €39,194, net result €30,993, both a record.
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Assenede · 1 establishment unit since 2015
Ground area
1,802 m²
Building footprint
109 m²
Volume, LiDAR
580 m³
Parcel 43002C0768/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Maeyer Construct
since 20152.247.129.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002C0768/00F000 | Flanders | 1,802 m² | 1 · 109 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-10-2015
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640871278
Also
9925:BE0640871278
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.