Summary
Maendeleo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16.4m and a net result of -€93,041. Its solvency ranks better than 95% of 5565 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
9 d early
2024
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Aarschot, Finance and insurance sector#4 company by total assets in Aarschot, Finance and insurance sector
Equity
€16.4m▼ 0.6%
2024 · €16.5m
Net result
-€93,041
2024 · €9.6m
Total assets
€16.6m▼ 5.1%
2024 · €17.4m
Solvency
99.1%▲ 4.5pp
2024 · 94.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€226,923--€407,193▼ 79.4%
Net result€9.6m--€93,041
Equity€16.5m-€16.4m▼ 0.6%
Total assets€17.4m-€16.6m▼ 5.1%
Debt€941,559-€149,051▼ 84.2%
Working capital€16.3m-€16.1m▼ 1.3%
Solvency94.6%-99.1%▲ 4.5pp
Staff (FTE)1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €407,193 in 2025 against €226,923 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.6m
Fixed assets
€307,999 ▲ 64.2%
Current assets
€16.2m ▼ 5.8%
Equity and liabilities €16.6m
Equity
€16.4m ▼ 0.6%
Debt
€149,051 ▼ 84.2%
Debt's share of the balance-sheet total falls from 5.4% to 0.9%. Equity and debt are lower.
Key figures and ratios
ROE
-0.6%▼
2024 · 58.2%
ROA
-0.6%▼
2024 · 55.1%
Debt ≤ 1 year
€149,051▼
2024 · €941,559
Income taxes
€560▼
2024 · €960,522
Staff costs
€108,721▲
2024 · €50,108
A ratio outside any meaningful range has been withheld (balance sheet total €16.6m, equity €16.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €50,108 | €108,721 | ▲ 117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,965 | €45,921 | ▲ 559% |
| Other operating charges640/8 | €1,393 | €67,925 | ▲ 4,778% |
| Gross operating margin9900 | -€168,458 | -€184,626 | ▼ 9.6% |
| Operating profit (loss)9901 | -€226,923 | -€407,193 | ▼ 79.4% |
| Financial income75/76B | €10.8m | €565,072 | ▼ 94.8% |
| Recurring financial income75 | €10.8m | €565,072 | ▼ 94.8% |
| Financial charges65/66B | €44,294 | €250,360 | ▲ 465% |
| Recurring financial charges65 | €44,294 | €250,360 | ▲ 465% |
| Profit (loss) for the period before taxes9903 | €10.6m | -€92,480 | ▼ 101% |
| Income taxes67/77 | €960,522 | €560 | ▼ 99.9% |
| Profit (loss) for the period9904 | €9.6m | -€93,041 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €9.6m | -€93,041 | ▼ 101% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €17.4m | €16.6m | ▼ 5.1% |
| Fixed assets21/28 | €187,631 | €307,999 | ▲ 64.2% |
| Tangible fixed assets22/27 | €187,631 | €307,999 | ▲ 64.2% |
| Land and buildings22 | - | €111,360 | - |
| Plant, machinery and equipment23 | - | €2,227 | - |
| Furniture and vehicles24 | €187,631 | €194,412 | ▲ 3.6% |
| Current assets29/58 | €17.3m | €16.2m | ▼ 5.8% |
| Amounts receivable within one year40/41 | €522,165 | €78,187 | ▼ 85.0% |
| Trade receivables40 | - | €257 | - |
| Other amounts receivable41 | €522,165 | €77,930 | ▼ 85.1% |
| Current investments50/53 | €15.8m | €15.2m | ▼ 3.7% |
| Cash at bank and in hand54/58 | €919,068 | €940,898 | ▲ 2.4% |
| Deferred charges and accrued income490/1 | €2,079 | €3,785 | ▲ 82.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €17.4m | €16.6m | ▼ 5.1% |
| Equity10/15 | €16.5m | €16.4m | ▼ 0.6% |
| Contributions10/11 | €6.9m | €6.9m | = |
| Reserves13 | €9.6m | €9.6m | = |
| Distributable reserves133 | €9.6m | €9.6m | = |
| Profit (loss) carried forward14 | - | -€93,041 | - |
| Amounts payable17/49 | €941,559 | €149,051 | ▼ 84.2% |
| Amounts payable within one year42/48 | €941,559 | €149,051 | ▼ 84.2% |
| Financial debts43 | - | €297 | - |
| Credit institutions430/8 | - | €297 | - |
| Trade debts44 | €7,814 | €6,371 | ▼ 18.5% |
| Suppliers440/4 | €7,814 | €6,371 | ▼ 18.5% |
| Taxes, remuneration and social security45 | €933,745 | €18,327 | ▼ 98.0% |
| Taxes450/3 | €921,078 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €12,667 | €18,327 | ▲ 44.7% |
| Other amounts payable47/48 | - | €124,056 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9.6m | -€93,041 | ▼ 101% |
| + Depreciation and write-downs630 | €6,965 | €45,921 | ▲ 559% |
| Operating cash flow (approximation) | €9.6m | -€47,120 | ▼ 100% |
| Investment in fixed assets (approximation) | - | -€166,289 | - |
| Change in cash | - | €21,829 | - |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Liquidity times 6current ratio 108.99
Current ratio from 18.32 to 108.99; short-term debt falls from €941,559 to €149,051.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro 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, Aarschot · 1 establishment unit since 2022
Ground area
2,823 m²
Building footprint
267 m²
Volume, LiDAR
1,241 m³
Parcel 24652F0064/00E000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Maendeleo
since 20222.347.995.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24652F0064/00E000 | Flanders | 2,823 m² | 1 · 267 m² | 7.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400HYW7SVB1AGXR18
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Of 152 companies in sector 64310 we hold annual accounts for 73. 28 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
Founded22-12-2022
Fiscal year end30-06
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795291815
Also
9925:BE0795291815
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.