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 €204k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 23% of 5507 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5507 sector peers (2025).
NBB · sector comparisonPosition among 5507 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
45 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€204k▼ 2.1%
2024 · €208k
2018: €230k
2019: €221k
2020: €226k
2021: €208k
2022: €201k
2023: €201k
2024: €208k
2018 → 2025
Net result
€-4k
2024 · €7k
2018: €14k
2019: €-8k
2020: €5k
2021: €-18k
2022: €-7k
2023: €595
2024: €7k
2018 → 2025
Total assets
€932k▼ 7.4%
2024 · €1.01M
2018: €1.07M
2019: €903k
2020: €849k
2021: €763k
2022: €778k
2023: €976k
2024: €1.01M
2018 → 2025
Solvency
21.8%▲ 1.2pp
2024 · 20.7%
2018: 21.5%
2019: 24.5%
2020: 26.6%
2021: 27.3%
2022: 25.8%
2023: 20.6%
2024: 20.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€208k-€201k▼ 3.6%€201k▲ 0.3%€208k▲ 3.3%€204k▼ 2.1%
Operating result€-12k-€-3k▲ 76.0%€11k€35k▲ 228%€39k▲ 10.7%
Net result€-18k-€-7k▲ 59.0%€595€7k▲ 1,019%€-4k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €932k
Fixed assets
€898k▲ 19.7%
Current assets
€34k▼ 86.6%
Equity and liabilities €932k
Equity
€204k▼ 2.1%
Provisions
€9k▼ 16.7%
Debt
€720k▼ 8.7%
The debt ratio falls from 78.3% to 77.2%. Equity and debt are lower.
Key figures and ratios
Solvency
21.8%▲
2024 · 20.7%
ROE
-2.2%▼
2024 · 3.2%
ROA
-0.5%▼
2024 · 0.7%
Debt
€720k▼
2024 · €788k
Debt ≤ 1 year
€443k▼
2024 · €455k
Debt > 1 year
€269k▼
2024 · €330k
Income taxes
€971▼
2024 · €5k
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€1.01M€932k▼
Fixed assets21/28€750k€898k▲
Tangible fixed assets22/27€621k€769k▲
Land and buildings22€539k€703k▲
Leasing and similar rights25€75k€60k▼
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€129k€129k=
Current assets29/58€256k€34k▼
Stocks and contracts in progress3€192k€0▼
Stocks30/36€192k€0▼
Amounts receivable within one year40/41€64k€32k▼
Trade receivables40€1k€0▼
Other amounts receivable41€63k€32k▼
Cash at bank and in hand54/58€173€2k▲
Deferred charges and accrued income490/1€0€301▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€932k▼
Equity10/15€208k€204k▼
Contributions10/11€12k€12k=
Reserves13€196k€191k▼
Tax-exempt reserves132€31k€26k▼
Distributable reserves133€165k€165k▲
Provisions and deferred taxes16€10k€9k▼
Deferred taxes168€10k€9k▼
Amounts payable17/49€788k€720k▼
Amounts payable after more than one year17€330k€269k▼
Financial debts170/4€330k€269k▼
Amounts payable within one year42/48€455k€443k▼
Current portion of amounts payable after more than one year42€66k€66k▼
Financial debts43€202k€187k▼
Credit institutions430/8€202k€187k▼
Trade debts44€14k€3k▼
Suppliers440/4€14k€3k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€164k€177k▲
Accrued charges and deferred income492/3€3k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€413€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€52k▲
Other operating charges640/8€4k€10k▲
Gross operating margin9900€72k€101k▲
Operating profit (loss)9901€35k€39k▲
Financial income75/76B€2k€10▼
Recurring financial income75€2k€10▼
Financial charges65/66B€28k€44k▲
Recurring financial charges65€28k€44k▲
Profit (loss) for the period before taxes9903€10k€-5k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€5k€971▼
Profit (loss) for the period9904€7k€-4k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€12k€755▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€755▼
Transfer to equity691/2€12k€755▼
To other reserves6921€12k€755▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (22 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €595
Net result €595 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-18k ▼474%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 2002
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.
Langerei 628000 BruggeGround area
569 m²
Building footprint
233 m²
Volume, LiDAR
1,930 m³
2 parcels, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Pater Damiaanstraat 18, 8000 Brugge
since 20022.115.511.206
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0955/00X000 | Flanders | 411 m² | 1 · 141 m² | 12.4 m · 1 fl. |
| 31805E0323/00L000 | Flanders | 158 m² | 1 · 91 m² | 19.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 13,543 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2002
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.