Summary
MAENHOUT 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 €1.1m and a net result of €35,115. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 8091 sector peers (fiscal year 2025). The company has been active since 1988 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 · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
4 d late
2023
71 d early
2022
on the day
2021
3 d early
2020
2 d early
2019
8 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 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 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▲ 0.3%
2024 · €1.1m
Net result
€35,115▼ 61.1%
2024 · €90,201
Total assets
€1.6m▼ 4.5%
2024 · €1.7m
Solvency
64.7%▲ 3.1pp
2024 · 61.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€113,782▲ 177%€270,154▲ 137%€325,504▲ 20.5%€135,266▼ 58.4%€66,645▼ 50.7%
Net result€74,377above the sector's middle half▲ 165%€182,284above the sector's middle half▲ 145%€228,718above the sector's middle half▲ 25.5%€90,201above the sector's middle half▼ 60.6%€35,115within the sector's middle half▼ 61.1%
Equity€651,347above the sector's middle half▲ 7.1%€734,908above the sector's middle half▲ 12.8%€963,626above the sector's middle half▲ 31.1%€1.1mabove the sector's middle half▲ 9.3%€1.1mabove the sector's middle half▲ 0.3%
Total assets€1.2mabove the sector's middle half▼ 9.5%€1.4mabove the sector's middle half▲ 15.4%€1.5mabove the sector's middle half▲ 4.8%€1.7mabove the sector's middle half▲ 14.5%€1.6mabove the sector's middle half▼ 4.5%
Debt€582,234▼ 22.8%€688,244▲ 18.2%€527,577▼ 23.3%€654,787▲ 24.1%€575,557▼ 12.1%
Working capital€141,833within the sector's middle half▲ 33.0%€11,410within the sector's middle half▼ 92.0%-€150,952below the sector's middle half-€344,760below the sector's middle half▼ 128%-€337,014below the sector's middle half▲ 2.2%
Solvency52.8%within the sector's middle half▲ 8.2pp51.6%within the sector's middle half▼ 1.2pp64.6%within the sector's middle half▲ 13.0pp61.7%within the sector's middle half▼ 3.0pp64.7%within the sector's middle half▲ 3.1pp
Current ratio1.62within the sector's middle half▲ 0.431.03within the sector's middle half▼ 0.590.44below the sector's middle half▼ 0.590.23below the sector's middle half▼ 0.210.18below the sector's middle half▼ 0.05
Return on assets (ROA)6.0%within the sector's middle half▲ 4.0pp12.8%within the sector's middle half▲ 6.8pp15.3%within the sector's middle half▲ 2.5pp5.3%within the sector's middle half▼ 10.1pp2.2%within the sector's middle half▼ 3.1pp
Staff (FTE)0.6▼ 33.3%0.5
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m ▼ 3.1%
Current assets
€74,376 ▼ 26.2%
Equity and liabilities €1.6m
Equity
€1.1m ▲ 0.3%
Debt
€575,557 ▼ 12.1%
Debt's share of the balance-sheet total falls from 38.3% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.3%▼
2024 · 8.6%
Debt ≤ 1 year
€411,390▼
2024 · €445,593
Debt > 1 year
€154,235▼
2024 · €204,502
Income taxes
€14,909▼
2024 · €33,903
Staff costs
€382▼
2024 · €67,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,545 | €4,132 | ▼ 9.1% |
| Remuneration, social security and pensions62 | - | €2,161 | €0 | €67,361 | €382 | ▼ 99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,311 | €45,890 | €57,089 | €80,982 | €98,794 | ▲ 22.0% |
| Other operating charges640/8 | - | €11,382 | €7,949 | €12,058 | €14,864 | ▲ 23.3% |
| Gross operating margin9900 | €203,222 | €329,587 | €390,542 | €295,667 | €180,685 | ▼ 38.9% |
| Operating profit (loss)9901 | €113,782 | €270,154 | €325,504 | €135,266 | €66,645 | ▼ 50.7% |
| Financial income75/76B | - | €75 | €279 | €184 | €11 | ▼ 93.9% |
| Recurring financial income75 | €74 | €75 | €279 | €184 | €11 | ▼ 93.9% |
| Financial charges65/66B | - | €7,289 | €10,037 | €11,346 | €16,633 | ▲ 46.6% |
| Recurring financial charges65 | €4,899 | €7,289 | €10,037 | €11,346 | €16,633 | ▲ 46.6% |
| Profit (loss) for the period before taxes9903 | €108,957 | €262,941 | €315,746 | €124,104 | €50,024 | ▼ 59.7% |
| Income taxes67/77 | €34,580 | €80,657 | €87,028 | €33,903 | €14,909 | ▼ 56.0% |
| Profit (loss) for the period9904 | €74,377 | €182,284 | €228,718 | €90,201 | €35,115 | ▼ 61.1% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €105,927 | €182,284 | €228,718 | €90,201 | €35,115 | ▼ 61.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.5m | €1.7m | €1.6m | ▼ 4.5% |
| Fixed assets21/28 | €862,069 | €1.0m | €1.4m | €1.6m | €1.6m | ▼ 3.1% |
| Intangible fixed assets21 | €2,574 | €23,224 | €25,620 | €33,356 | €57,704 | ▲ 73.0% |
| Tangible fixed assets22/27 | €859,414 | €1.0m | €1.3m | €1.6m | €1.5m | ▼ 4.7% |
| Land and buildings22 | - | €935,570 | €1.2m | €1.3m | €1.2m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €15,736 | €70,628 | €136,014 | €126,661 | ▼ 6.9% |
| Furniture and vehicles24 | - | €54,379 | €98,621 | €159,635 | €136,951 | ▼ 14.2% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €80 | €80 | €0 | - | - | - |
| Current assets29/58 | €371,513 | €394,163 | €117,110 | €100,833 | €74,376 | ▼ 26.2% |
| Amounts receivable within one year40/41 | €54,479 | €171,035 | €9,314 | €21,875 | €18,946 | ▼ 13.4% |
| Trade receivables40 | - | €161,434 | €2,579 | €7,126 | €4,399 | ▼ 38.3% |
| Other amounts receivable41 | - | €9,601 | €6,735 | €14,749 | €14,546 | ▼ 1.4% |
| Cash at bank and in hand54/58 | €317,034 | €209,009 | €92,674 | €63,054 | €39,906 | ▼ 36.7% |
| Deferred charges and accrued income490/1 | - | €14,120 | €15,122 | €15,904 | €15,525 | ▼ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.5m | €1.7m | €1.6m | ▼ 4.5% |
| Equity10/15 | €651,347 | €734,908 | €963,626 | €1.1m | €1.1m | ▲ 0.3% |
| Contributions10/11 | - | €367,345 | €367,345 | €367,345 | €367,345 | = |
| Reserves13 | €272,142 | €355,703 | €584,421 | €674,622 | €678,157 | ▲ 0.5% |
| Non-distributable reserves130/1 | - | €7,890 | €7,890 | €7,890 | €7,890 | = |
| Reserves not available under the articles1311 | - | - | €7,890 | €7,890 | €7,890 | = |
| Other1319 | - | €7,890 | - | - | - | - |
| Distributable reserves133 | - | €347,813 | €576,531 | €666,732 | €670,268 | ▲ 0.5% |
| Profit (loss) carried forward14 | €11,860 | €11,860 | €11,860 | €11,001 | €10,168 | ▼ 7.6% |
| Amounts payable17/49 | €582,234 | €688,244 | €527,577 | €654,787 | €575,557 | ▼ 12.1% |
| Amounts payable after more than one year17 | €351,945 | €303,346 | €254,206 | €204,502 | €154,235 | ▼ 24.6% |
| Financial debts170/4 | - | €303,346 | €254,206 | €204,502 | €154,235 | ▼ 24.6% |
| Amounts payable within one year42/48 | €229,680 | €382,754 | €268,062 | €445,593 | €411,390 | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €48,599 | €49,140 | €49,704 | €50,267 | ▲ 1.1% |
| Trade debts44 | €32,612 | €24,080 | €9,335 | €52,708 | €25,347 | ▼ 51.9% |
| Suppliers440/4 | - | €24,080 | €9,335 | €52,708 | €25,347 | ▼ 51.9% |
| Advances received on contracts in progress46 | - | - | - | €250 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €53,027 | €16,185 | €8,669 | €7,819 | ▼ 9.8% |
| Taxes450/3 | - | €51,261 | €14,544 | €3,383 | €4,223 | ▲ 24.8% |
| Remuneration and social security454/9 | - | €1,766 | €1,641 | €5,285 | €3,595 | ▼ 32.0% |
| Other amounts payable47/48 | - | €257,048 | €193,401 | €334,261 | €327,958 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | €2,144 | €5,309 | €4,692 | €9,931 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,377 | €182,284 | €228,718 | €90,201 | €35,115 | ▼ 61.1% |
| + Depreciation and write-downs630 | €39,311 | €45,890 | €57,089 | €80,982 | €98,794 | ▲ 22.0% |
| Operating cash flow (approximation) | €113,687 | €228,173 | €285,807 | €171,183 | €133,909 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€212,810 | -€402,194 | -€313,810 | -€48,723 | ▲ 84.5% |
| Change in cash | - | -€108,025 | -€116,335 | -€29,620 | -€23,148 | ▲ 21.9% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Equity above €1mEq €1.1m ▲9.3%
6 profitable years in a row build equity to €1.1m.
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €228,718 ▲25.5%
Operating result €325,504, net result €228,718, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €28,023 ▼61.3%
Net result drops to €28,023, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
11-01
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 9 acts read
About the unread acts
We know of 9 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
9 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, Brugge · 1 establishment unit since 1988
Ground area
3,249 m²
Building footprint
835 m²
Volume, LiDAR
3,946 m³
Parcel 31808L0499/00M000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAENHOUT NV
since 19882.039.026.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808L0499/00M000 | Flanders | 3,249 m² | 1 · 835 m² | 7.6 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 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,560 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
Founded27-06-1988
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434581576
Registered
19-02-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.