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MAENHOUT

Active Risk: not assessed
Private limited companyfounded 1988active for 38 yearsOostendse Steenweg 162-164, 8000 Brugge, BelgiumKBO/BCE: BE 0434.581.576

Financials · financial year 2025, micro format

2025 annual accounts filed 10 days after the deadline Filed on 10 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036422.

Annual accounts 2025 filed on 10-02-2026 PDF all 37 filings

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

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 51% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Operating result€0.07m 2025 Net result€0.04m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.08m-€0.04m▼ 45.5%€0.1m▲ 177%€0.3m▲ 137%€0.3m▲ 20.5%€0.1m▼ 58.4%€0.07m▼ 50.7%
Net result€0.07m-€0.03mwithin the sector's middle half▼ 61.3%€0.07mabove the sector's middle half▲ 165%€0.2mabove the sector's middle half▲ 145%€0.2mabove the sector's middle half▲ 25.5%€0.09mabove the sector's middle half▼ 60.6%€0.04mwithin the sector's middle half▼ 61.1%
Equity€0.6m-€0.6mabove the sector's middle half▲ 4.8%€0.7mabove the sector's middle half▲ 7.1%€0.7mabove the sector's middle half▲ 12.8%€1.0mabove 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€1.1m-€1.4mabove the sector's middle half▲ 29.5%€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€0.5m-€0.8m▲ 59.8%€0.6m▼ 22.8%€0.7m▲ 18.2%€0.5m▼ 23.3%€0.7m▲ 24.1%€0.6m▼ 12.1%
Working capital€0.2m-€0.1mwithin the sector's middle half▼ 56.5%€0.1mwithin the sector's middle half▲ 33.0%€0.01mwithin the sector's middle half▼ 92.0%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 128%-€0.3mbelow the sector's middle half▲ 2.2%
Solvency55.1%-44.6%within the sector's middle half▼ 10.5pp52.8%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 ratio1.52-1.19within the sector's middle half▼ 0.331.62within 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)6.9%-2.1%within the sector's middle half▼ 4.8pp6.0%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)0.9-0.9within the sector's middle half=0.6▼ 33.3%0.5
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
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
2025 value · change against 2024
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.

Staff

social balance sheet
Item30-06-2024
Average over the year, in full-time equivalents0.5
Joined1
Left1
Training hours16

Source: social balance sheet in the 2024 annual accounts

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€187,891€393,799€296,053€12,776
Intangible fixed assets€24,919€8,475€17,758€38,567
Depreciation and write-downs of the year€45,890€57,089€80,982€98,794

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as MAENHOUT: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €1.2m and €1.9m, founded between 1986 and 1992.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MAENHOUT Brugge1988€1.6m€1.1m€0.2m€0.04m2025
LUBLIMO Brugge1989€1.2m€0.9m€0.2m€0.06m2025
BEE-FASHION Waregem1988€1.8m€1.3m€0.2m€0.06m2024
R.M.A. Roeselare1990€1.9m€1.7m€0.2m€0.2m2025
SINT-CATHERINE Nieuwpoort1987€1.6m€1.3m€0.1m€0.08m2025
ANFI Brugge1992€1.5m€1.2m€0.2m€0.08m2025
MARKADES Kortrijk1986€1.4m€0.3m€0.2m€0.04m2025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines

Source: Annual accounts 2025 (PDF), filed on 10-02-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.6m▼
Fixed assets21/28€1.6m€1.6m▼
Intangible fixed assets21€0.03m€0.06m▲
Tangible fixed assets22/27€1.6m€1.5m▼
Land and buildings22€1.3m€1.2m▼
Plant, machinery and equipment23€0.1m€0.1m▼
Furniture and vehicles24€0.2m€0.1m▼
Current assets29/58€0.1m€0.07m▼
Amounts receivable within one year40/41€0.02m€0.02m▼
Trade receivables40€0.007m€0.004m▼
Other amounts receivable41€0.01m€0.01m▼
Cash at bank and in hand54/58€0.06m€0.04m▼
Deferred charges and accrued income490/1€0.02m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m▼
Equity10/15€1.1m€1.1m▲
Contributions10/11€0.4m€0.4m=
Reserves13€0.7m€0.7m▲
Non-distributable reserves130/1€0.008m€0.008m=
Reserves not available under the articles1311€0.008m€0.008m=
Distributable reserves133€0.7m€0.7m▲
Profit (loss) carried forward14€0.01m€0.01m▼
Amounts payable17/49€0.7m€0.6m▼
Amounts payable after more than one year17€0.2m€0.2m▼
Financial debts170/4€0.2m€0.2m▼
Amounts payable within one year42/48€0.4m€0.4m▼
Current portion of amounts payable after more than one year42€0.05m€0.05m▲
Trade debts44€0.05m€0.03m▼
Suppliers440/4€0.05m€0.03m▼
Advances received on contracts in progress46€250€0▼
Taxes, remuneration and social security45€0.009m€0.008m▼
Taxes450/3€0.003m€0.004m▲
Remuneration and social security454/9€0.005m€0.004m▼
Other amounts payable47/48€0.3m€0.3m▼
Accrued charges and deferred income492/3€0.005m€0.01m▲
Income statement Code20242025
Non-recurring operating income76A€0.005m€0.004m▼
Remuneration, social security and pensions62€0.07m€382▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.1m▲
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.3m€0.2m▼
Operating profit (loss)9901€0.1m€0.07m▼
Financial income75/76B€184€11▼
Recurring financial income75€184€11▼
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m€0.05m▼
Income taxes67/77€0.03m€0.01m▼
Profit (loss) for the period9904€0.09m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.09m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.05m▼
Profit (loss) brought forward from the previous period14P€0.01m€0.01m▼
Transfer from equity791/2-€0.03m
Transfer to equity691/2€0.09m€0.04m▼
To other reserves6921€0.09m€0.04m▼
Profit to be distributed694/7€0.001m€0.03m▲
Return on contributions (dividend)694€0.001m€0.03m▲

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
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€41,731€37,201€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€176,562€146,744€203,222€329,587€390,542€295,667€180,685▼ 38.9%
Operating profit (loss)9901€75,403€41,072€113,782€270,154€325,504€135,266€66,645▼ 50.7%
Financial income75/76B---€75€279€184€11▼ 93.9%
Recurring financial income75€8,596-€74€75€279€184€11▼ 93.9%
Financial charges65/66B---€7,289€10,037€11,346€16,633▲ 46.6%
Recurring financial charges65€1,830€3,318€4,899€7,289€10,037€11,346€16,633▲ 46.6%
Profit (loss) for the period before taxes9903€82,169€37,754€108,957€262,941€315,746€124,104€50,024▼ 59.7%
Income taxes67/77€9,768€9,731€34,580€80,657€87,028€33,903€14,909▼ 56.0%
Profit (loss) for the period9904€72,402€28,023€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€72,402€28,023€105,927€182,284€228,718€90,201€35,115▼ 61.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.1m€1.4m€1.2m€1.4m€1.5m€1.7m€1.6m▼ 4.5%
Fixed assets21/28€0.3m€0.7m€0.9m€1.0m€1.4m€1.6m€1.6m▼ 3.1%
Intangible fixed assets21--€0.003m€0.02m€0.03m€0.03m€0.06m▲ 73.0%
Tangible fixed assets22/27€0.3m€0.7m€0.9m€1.0m€1.3m€1.6m€1.5m▼ 4.7%
Land and buildings22---€0.9m€1.2m€1.3m€1.2m▼ 3.3%
Plant, machinery and equipment23---€0.02m€0.07m€0.1m€0.1m▼ 6.9%
Furniture and vehicles24---€0.05m€0.1m€0.2m€0.1m▼ 14.2%
Assets under construction and advance payments27---€0----
Financial fixed assets28€80€80€80€80€0---
Current assets29/58€0.7m€0.7m€0.4m€0.4m€0.1m€0.1m€0.07m▼ 26.2%
Amounts receivable within one year40/41€0.3m€0.4m€0.05m€0.2m€0.009m€0.02m€0.02m▼ 13.4%
Trade receivables40---€0.2m€0.003m€0.007m€0.004m▼ 38.3%
Other amounts receivable41---€0.01m€0.007m€0.01m€0.01m▼ 1.4%
Cash at bank and in hand54/58€0.4m€0.3m€0.3m€0.2m€0.09m€0.06m€0.04m▼ 36.7%
Deferred charges and accrued income490/1---€0.01m€0.02m€0.02m€0.02m▼ 2.4%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.4m€1.2m€1.4m€1.5m€1.7m€1.6m▼ 4.5%
Equity10/15€0.6m€0.6m€0.7m€0.7m€1.0m€1.1m€1.1m▲ 0.3%
Contributions10/11€0.4m--€0.4m€0.4m€0.4m€0.4m=
Reserves13€0.2m€0.2m€0.3m€0.4m€0.6m€0.7m€0.7m▲ 0.5%
Non-distributable reserves130/1---€0.008m€0.008m€0.008m€0.008m=
Reserves not available under the articles1311----€0.008m€0.008m€0.008m=
Other1319---€0.008m----
Distributable reserves133---€0.3m€0.6m€0.7m€0.7m▲ 0.5%
Profit (loss) carried forward14€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m▼ 7.6%
Amounts payable17/49€0.5m€0.8m€0.6m€0.7m€0.5m€0.7m€0.6m▼ 12.1%
Amounts payable after more than one year17-€0.2m€0.4m€0.3m€0.3m€0.2m€0.2m▼ 24.6%
Financial debts170/4---€0.3m€0.3m€0.2m€0.2m▼ 24.6%
Amounts payable within one year42/48€0.5m€0.6m€0.2m€0.4m€0.3m€0.4m€0.4m▼ 7.7%
Current portion of amounts payable after more than one year42---€0.05m€0.05m€0.05m€0.05m▲ 1.1%
Trade debts44€0.03m€0.07m€0.03m€0.02m€0.009m€0.05m€0.03m▼ 51.9%
Suppliers440/4---€0.02m€0.009m€0.05m€0.03m▼ 51.9%
Advances received on contracts in progress46-----€250€0▼ 100%
Taxes, remuneration and social security45---€0.05m€0.02m€0.009m€0.008m▼ 9.8%
Taxes450/3---€0.05m€0.01m€0.003m€0.004m▲ 24.8%
Remuneration and social security454/9---€0.002m€0.002m€0.005m€0.004m▼ 32.0%
Other amounts payable47/48---€0.3m€0.2m€0.3m€0.3m▼ 1.9%
Accrued charges and deferred income492/3---€0.002m€0.005m€0.005m€0.01m▲ 112%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€72,402€28,023€74,377€182,284€228,718€90,201€35,115▼ 61.1%
+ Depreciation and write-downs630€41,731€37,201€39,311€45,890€57,089€80,982€98,794▲ 22.0%
Operating cash flow (approximation)€114,133€65,224€113,687€228,173€285,807€171,183€133,909▼ 21.8%
Investment in fixed assets (approximation)--€388,805-€214,803-€212,810-€402,194-€313,810-€48,723▲ 84.5%
Change in cash--€108,986€52,803-€108,025-€116,335-€29,620-€23,148▲ 21.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 37 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 10-02-2026 2026-00036422 PDF
30-06-2024 micro format 04-02-2025 2025-00028414 PDF
30-06-2023 micro format 21-11-2023 2023-00514709 PDF
30-06-2022 micro format 31-01-2023 2023-00023974 PDF
30-06-2021 micro format 28-01-2022 2022-02700319 PDF
30-06-2020 micro format 29-01-2021 2021-04000535 PDF
30-06-2019 abbreviated format 23-01-2020 2020-02000483 PDF
30-06-2018 abbreviated format 15-01-2019 2019-01400578 PDF
30-06-2017 abbreviated format 24-11-2017 2017-70300246 PDF
30-06-2016 abbreviated format 11-01-2017 2017-01100097 PDF

Show all 37 filings

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