MAENHAUT WIM
ActiveMAENHAUT WIM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.28M and a net result of €1.31M. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 51% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-2
Solvency69▼-17
Growth65▲+2
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 2.74 in 2024; short-term debt: 54.6% and cash: 17.8% of total assets), but 56.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.6%
Return on assets
17.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
21 d early
2023
9 d early
2022
31 d late
2021
20 d early
2020
24 d early
2019
87 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.60M▲ 4.8%
2024 · €12.03M
2022: €12.00M
2023: €13.57M
2024: €12.03M
2022 → 2025
EBIT margin
13.6%▼ 3.3pp
2024 · 16.9%
2022: 16.0%
2023: 14.6%
2024: 16.9%
2022 → 2025
Net result
€1.31M▼ 17.0%
2024 · €1.58M
2018: €215k
2019: €448k
2020: €809k
2021: €1.15M
2022: €1.48M
2023: €1.52M
2024: €1.58M
2018 → 2025
Working capital
€3.07M▼ 57.4%
2024 · €7.22M
2018: €1.41M
2019: €1.52M
2020: €2.58M
2021: €3.01M
2022: €4.60M
2023: €5.56M
2024: €7.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.00M€13.57M▲ 13.1%€12.03M▼ 11.4%€12.60M▲ 4.8%
Equity€3.04M-€4.52M▲ 48.7%€5.59M▲ 23.6%€7.17M▲ 28.3%€3.28M▼ 54.2%
Operating result€1.59M-€1.92M▲ 20.9%€1.99M▲ 3.5%€2.04M▲ 2.4%€1.71M▼ 15.8%
Net result€1.15M-€1.48M▲ 28.4%€1.52M▲ 2.6%€1.58M▲ 4.3%€1.31M▼ 17.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.54M
Fixed assets
€350k▼ 3.9%
Current assets
€7.19M▼ 36.7%
Equity and liabilities €7.54M
Equity
€3.28M▼ 54.2%
Provisions
€0▼ 100%
Debt
€4.25M▼ 5.9%
The debt ratio rises from 38.6% to 56.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.84M▼
2024 · €2.23M
Cash flow
€1.44M▼
2024 · €1.78M
Solvency
43.6%▼
2024 · 61.2%
Current ratio
1.75▼
2024 · 2.74
Quick ratio
1.66▼
2024 · 2.67
Debt / equity
1.30▲
2024 · 0.63
ROE
40.0%▲
2024 · 22.1%
ROA
17.4%▲
2024 · 13.5%
Interest coverage
88.52▲
2024 · 68.41
Debt
€4.25M▼
2024 · €4.52M
Debt ≤ 1 year
€4.12M▼
2024 · €4.14M
Debt > 1 year
€19k▼
2024 · €63k
Income taxes
€439k▼
2024 · €529k
Staff costs
€1.23M▲
2024 · €1.11M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.72M€7.54M▼
Fixed assets21/28€364k€350k▼
Tangible fixed assets22/27€265k€251k▼
Land and buildings22€2k€0▼
Plant, machinery and equipment23€105k€132k▲
Furniture and vehicles24€159k€119k▼
Leasing and similar rights25€0-
Financial fixed assets28€99k€99k▼
Other financial fixed assets284/8€99k€99k▼
Shares284€8k€8k=
Amounts receivable and cash guarantees285/8€91k€91k▼
Current assets29/58€11.36M€7.19M▼
Amounts receivable after more than one year29€84k€144k▲
Other amounts receivable291€84k€144k▲
Stocks and contracts in progress3€303k€345k▲
Stocks30/36€303k€345k▲
Raw materials and consumables30/31€303k€345k▲
Amounts receivable within one year40/41€7.62M€5.30M▼
Trade receivables40€3.72M€5.07M▲
Other amounts receivable41€3.90M€230k▼
Current investments50/53€11k€11k▲
Other investments51/53€11k€11k▲
Cash at bank and in hand54/58€3.29M€1.35M▼
Deferred charges and accrued income490/1€51k€44k▼
Equity and liabilities
Total equity and liabilities10/49€11.72M€7.54M▼
Equity10/15€7.17M€3.28M▼
Contributions10/11€20k€20k=
Reserves13€7.14M€3.22M▼
Tax-exempt reserves132€1.79M€1.78M▼
Distributable reserves133€5.35M€1.44M▼
Profit (loss) carried forward14€12k€44k▲
Provisions and deferred taxes16€30k€0▼
Provisions for liabilities and charges160/5€30k€0▼
Environmental obligations163€30k€0▼
Amounts payable17/49€4.52M€4.25M▼
Amounts payable after more than one year17€63k€19k▼
Financial debts170/4€63k€19k▼
Credit institutions173€63k€19k▼
Amounts payable within one year42/48€4.14M€4.12M▼
Current portion of amounts payable after more than one year42€174k€46k▼
Trade debts44€3.84M€1.80M▼
Suppliers440/4€3.84M€1.80M▼
Taxes, remuneration and social security45€119k€150k▲
Taxes450/3€47k€66k▲
Remuneration and social security454/9€72k€84k▲
Other amounts payable47/48€7k€2.12M▲
Accrued charges and deferred income492/3€318k€118k▼
Income statement
Code20242025
Operating income70/76A€12.11M€12.70M▲
Turnover70€12.03M€12.60M▲
Other operating income74€62k€88k▲
Non-recurring operating income76A€14k€6k▼
Operating charges60/66A€10.07M€10.98M▲
Goods for resale, raw materials and consumables60€6.65M€7.02M▲
Purchases600/8€6.71M€7.06M▲
Change in stocks: decrease (increase)609€-54k€-42k▲
Services and other goods61€2.13M€2.62M▲
Remuneration, social security and pensions62€1.11M€1.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198k€129k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-23k€-30k▼
Other operating charges640/8€9k€15k▲
Operating profit (loss)9901€2.04M€1.71M▼
Financial income75/76B€114k€62k▼
Recurring financial income75€114k€62k▼
Income from current assets751€72k€17k▼
Other financial income752/9€42k€45k▲
Financial charges65/66B€39k€24k▼
Recurring financial charges65€39k€24k▼
Debt charges650€33k€21k▼
Other financial charges652/9€6k€3k▼
Profit (loss) for the period before taxes9903€2.11M€1.75M▼
Income taxes67/77€529k€439k▼
Taxes670/3€630k€439k▼
Tax adjustments and reversals of tax provisions77€101k€0▼
Profit (loss) for the period9904€1.58M€1.31M▼
Transfer from tax-exempt reserves789€356k€640k▲
Transfer to tax-exempt reserves689€632k€632k=
Profit (loss) for the period to be appropriated9905€1.31M€1.32M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.32M€1.33M▲
Profit (loss) brought forward from the previous period14P€11k€12k▲
Transfer from equity791/2-€4.70M
From reserves792-€4.70M
Transfer to equity691/2€1.31M€790k▼
To other reserves6921€1.31M€790k▼
Profit to be distributed694/7€0€5.20M▲
Return on contributions (dividend)694€0€5.20M▲
Social balance
Average headcount (FTE)908716.717.8▲
The notes to these accounts (77 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Permanent representative5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Permanent representative5 facts ▸
- General meeting, 06/02/2026
- Director resignation, NDM Management BV (bestuurder)
- Permanent representative, Nico De Mil
- Director appointment, Magro Invest BV (bestuurder)
- Permanent representative, Guy Vanhauteghem
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.58M ▲4.3%
Operating result €2.04M, net result €1.58M, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.59M ▲23.6%
6 profitable years in a row build equity to €5.59M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.39M ▲51.3%
3 profitable years in a row build equity to €2.39M.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2025
MAGRO INVEST
CurrentDirector · since 28-01-2025 · Private limited company · perm. rep.: Guy Vanhauteghem
28-01-2025
MAGRO INVEST: Appointed as Director
28-01-2025
NDM MANAGEMENT: Resigned as Director
23-09-2020
DEKEVAN: Resigned as Director
23-09-2020
NDM MANAGEMENT: Resigned as Director
23-06-2017
NV Dekevan: Resigned as Manager
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Venecolaan 279880 AalterGround area
2,234 m²
Building footprint
586 m²
Volume, LiDAR
3,353 m³
Parcel 44001B0083/00L002, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAENHOUT WIM BVBA
since 19912.052.264.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0083/00L002 | Flanders | 2,234 m² | 1 · 586 m² | 13.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
MAENHAUT WIMBE 0442.770.356
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 16,948 EUR awarded · 16,433 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,601 EUR | 6,567 EUR |
| 2024 | 2 | 8,153 EUR | 7,754 EUR |
| 2023 | 1 | 851 EUR | 804 EUR |
| 2022 | 1 | 1,343 EUR | 1,308 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
11 categoriesMAENHAUT WIM BV36704
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maeyaert aannemingen
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DUPONT
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VIKING
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 864 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1991
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
45112
45230
42919Civil engineering
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.