MAENHOUT BOUWONDERNEMING
ActiveSummary
MAENHOUT BOUWONDERNEMING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €70k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency83▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 6.38 against 6.02 in 2024; short-term debt: 8.4% and cash: 46% of total assets), and 42.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.5%
Return on assets
11.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 8 filingsDeviation from the deadline
2025
2 d late
2024
3 d late
2023
2 d late
2022
7 d late
2021
8 d late
2020
2 d late
2019
65 d early
← before the deadline
after the deadline →
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€293k
EBIT margin
3.6%
Net result
€70k▲ 51.0%
2024 · €47k
2019: €99khighest in 7 years
2020: €3k▼ -97.4% vs 2019lowest in 7 years
2021: €35k▲ +1269% vs 2020
2022: €43k▲ +24.5% vs 2021
2023: €84k▲ +94.8% vs 2022
2024: €47k▼ -44.7% vs 2023
2025: €70k▲ +51.0% vs 2024
2019 → 2025
Working capital
€271k▲ 16.2%
2024 · €234k
2019: €52k
2020: €51k▼ -2.9% vs 2019lowest in 7 years
2021: €89k▲ +74.3% vs 2020
2022: €131k▲ +47.7% vs 2021
2023: €211k▲ +61.0% vs 2022
2024: €234k▲ +10.8% vs 2023
2025: €271k▲ +16.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€202k▲ 27.3%€286k▲ 41.7%€307k▲ 7.5%€345k▲ 12.1%
2021: €158klowest in 5 years
2022: €202k▲ +27.3% vs 2021
2023: €286k▲ +41.7% vs 2022
2024: €307k▲ +7.5% vs 2023
2025: €345k▲ +12.1% vs 2024highest in 5 years
Operating result€55k-€67k▲ 21.3%€122k▲ 82.6%€71k▼ 41.6%€96k▲ 34.8%
2021: €55klowest in 5 years
2022: €67k▲ +21.3% vs 2021
2023: €122k▲ +82.6% vs 2022highest in 5 years
2024: €71k▼ -41.6% vs 2023
2025: €96k▲ +34.8% vs 2024
Net result€35k-€43k▲ 24.5%€84k▲ 94.8%€47k▼ 44.7%€70k▲ 51.0%
2021: €35klowest in 5 years
2022: €43k▲ +24.5% vs 2021
2023: €84k▲ +94.8% vs 2022highest in 5 years
2024: €47k▼ -44.7% vs 2023
2025: €70k▲ +51.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €599k
Fixed assets
€277k ▲ 4.5%
Current assets
€322k ▲ 14.9%
Equity and liabilities €599k
Equity
€345k ▲ 12.1%
Debt
€254k ▲ 7.0%
Debt's share of the balance-sheet total falls from 43.6% to 42.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €97k
Cash flow
€99k▲
2024 · €72k
Current ratio
6.38▲
2024 · 6.02
Debt to equity
0.74▼
2024 · 0.77
ROE
20.4%▲
2024 · 15.2%
ROA
11.7%▲
2024 · 8.5%
Interest coverage
16.49▲
2024 · 14.88
Debt ≤ 1 year
€50k▲
2024 · €47k
Debt > 1 year
€201k▲
2024 · €190k
Income taxes
€18k▼
2024 · €18k
Staff costs
€0▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€545k€599k▲
Fixed assets21/28€265k€277k▲
Tangible fixed assets22/27€265k€277k▲
Land and buildings22€225k€216k▼
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€27k€52k▲
Current assets29/58€280k€322k▲
Amounts receivable within one year40/41€83k€43k▼
Trade receivables40€70k€40k▼
Other amounts receivable41€13k€3k▼
Cash at bank and in hand54/58€190k€276k▲
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€545k€599k▲
Equity10/15€307k€345k▲
Contributions10/11€19k€19k=
Reserves13€288k€325k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€270k€307k▲
Profit (loss) carried forward14€305€612▲
Amounts payable17/49€238k€254k▲
Amounts payable after more than one year17€190k€201k▲
Financial debts170/4€190k€201k▲
Amounts payable within one year42/48€47k€50k▲
Current portion of amounts payable after more than one year42€20k€27k▲
Trade debts44€22k€2k▼
Suppliers440/4€22k€2k▼
Taxes, remuneration and social security45€2k€516▼
Taxes450/3€2k€516▼
Remuneration and social security454/9€0-
Other amounts payable47/48€3k€21k▲
Accrued charges and deferred income492/3€827€2k▲
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62€17k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€28k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€115k€126k▲
Operating profit (loss)9901€71k€96k▲
Financial income75/76B€210€10▼
Recurring financial income75€210€10▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€65k€88k▲
Income taxes67/77€18k€18k▼
Profit (loss) for the period9904€47k€70k▲
Profit (loss) for the period to be appropriated9905€47k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€71k▲
Profit (loss) brought forward from the previous period14P€237€305▲
Transfer from equity791/2€25k€15k▼
Transfer to equity691/2€47k€52k▲
To other reserves6921€47k€52k▲
Profit to be distributed694/7€25k€33k▲
Return on contributions (dividend)694€25k€33k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | €1k | €0 | €7k | - |
| Remuneration, social security and pensions62 | - | €5k | €50k | €17k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €24k | €30k | €26k | €28k | ▲ 10.9% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €2k | ▼ 2.7% |
| Gross operating margin9900 | €94k | €97k | €203k | €115k | €126k | ▲ 9.2% |
| Operating profit (loss)9901 | €55k | €67k | €122k | €71k | €96k | ▲ 34.8% |
| Financial income75/76B | - | €36 | €108 | €210 | €10 | ▼ 95.2% |
| Recurring financial income75 | €5 | €36 | €108 | €210 | €10 | ▼ 95.2% |
| Financial charges65/66B | - | €7k | €7k | €7k | €8k | ▲ 15.9% |
| Recurring financial charges65 | €6k | €7k | €7k | €7k | €8k | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €49k | €60k | €115k | €65k | €88k | ▲ 36.3% |
| Income taxes67/77 | €14k | €16k | €31k | €18k | €18k | ▼ 1.2% |
| Profit (loss) for the period9904 | €35k | €43k | €84k | €47k | €70k | ▲ 51.0% |
| Profit (loss) for the period to be appropriated9905 | €35k | €43k | €84k | €47k | €70k | ▲ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €462k | €547k | €545k | €599k | ▲ 9.9% |
| Fixed assets21/28 | €288k | €270k | €286k | €265k | €277k | ▲ 4.5% |
| Tangible fixed assets22/27 | €288k | €270k | €286k | €265k | €277k | ▲ 4.5% |
| Land and buildings22 | - | €243k | €234k | €225k | €216k | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €13k | €15k | €13k | €9k | ▼ 29.8% |
| Furniture and vehicles24 | - | €14k | €37k | €27k | €52k | ▲ 93.6% |
| Current assets29/58 | €156k | €192k | €261k | €280k | €322k | ▲ 14.9% |
| Amounts receivable within one year40/41 | €32k | €74k | €65k | €83k | €43k | ▼ 48.6% |
| Trade receivables40 | - | €55k | €52k | €70k | €40k | ▼ 42.7% |
| Other amounts receivable41 | - | €19k | €14k | €13k | €3k | ▼ 80.5% |
| Cash at bank and in hand54/58 | €101k | €111k | €189k | €190k | €276k | ▲ 45.1% |
| Deferred charges and accrued income490/1 | - | €7k | €8k | €8k | €4k | ▼ 49.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €462k | €547k | €545k | €599k | ▲ 9.9% |
| Equity10/15 | €158k | €202k | €286k | €307k | €345k | ▲ 12.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €140k | €183k | €267k | €288k | €325k | ▲ 12.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €162k | €246k | €270k | €307k | ▲ 13.7% |
| Profit (loss) carried forward14 | €99 | €200 | €237 | €305 | €612 | ▲ 101% |
| Amounts payable17/49 | €285k | €260k | €262k | €238k | €254k | ▲ 7.0% |
| Amounts payable after more than one year17 | €215k | €197k | €210k | €190k | €201k | ▲ 5.8% |
| Financial debts170/4 | - | €197k | €210k | €190k | €201k | ▲ 5.8% |
| Amounts payable within one year42/48 | €67k | €61k | €51k | €47k | €50k | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | €18k | €21k | €20k | €27k | ▲ 32.2% |
| Trade debts44 | €36k | €36k | €19k | €22k | €2k | ▼ 88.7% |
| Suppliers440/4 | - | €36k | €19k | €22k | €2k | ▼ 88.7% |
| Taxes, remuneration and social security45 | - | €5k | €7k | €2k | €516 | ▼ 73.4% |
| Taxes450/3 | - | €1k | €2k | €2k | €516 | ▼ 73.4% |
| Remuneration and social security454/9 | - | €3k | €5k | €0 | - | - |
| Other amounts payable47/48 | - | €3k | €4k | €3k | €21k | ▲ 656% |
| Accrued charges and deferred income492/3 | - | €2k | €759 | €827 | €2k | ▲ 198% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €43k | €84k | €47k | €70k | ▲ 51.0% |
| + Depreciation and write-downs630 | €37k | €24k | €30k | €26k | €28k | ▲ 10.9% |
| Operating cash flow (approximation) | €72k | €67k | €114k | €72k | €99k | ▲ 36.7% |
| Investment in fixed assets (approximation) | - | €-6k | €-46k | €-4k | €-40k | ▼ 805% |
| Change in cash | - | €10k | €78k | €1k | €86k | ▲ 6,462% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
30-06
Financial
Equity above €200kEq €202k ▲27.3%
4 profitable years in a row build equity to €202k.
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
30-06
Financial
Equity above €150kEq €158k ▲28%
3 profitable years in a row build equity to €158k.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Weakest financial yearnet €3k ▼97.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Kaprijke · 1 establishment unit since 2016
Ground area
597 m²
Building footprint
168 m²
Volume, LiDAR
214 m³
Parcel 43007A1509/00K000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAENHOUT BOUWONDERNEMING
since 20162.259.330.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43007A1509/00K000 | Flanders | 597 m² | 1 · 168 m² | 6.5 m |
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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,548 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
Founded24-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
46831Wholesale of construction materials, general range
Scores and ratios are computed by Checked and are not a credit decision.