MAENO
ActiveSummary
The computed 12-month bankruptcy probability of MAENO is 2.1% (moderate). For MAENO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €732,966 and a net result of -€19,410. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability65▼-2
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
100%
Return on assets
-2.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
144 d late
2021
281 d late
2019
165 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 155 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€19,410▼ 131%
2022 · -€8,399
Working capital
€411,948▲ 6.5%
2021 · €386,891
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202120222023
Operating result€5,139-€13,298--€16,804-€22,756▼ 35.4%
Net result€8,484-€19,324--€8,399-€19,410▼ 131%
Equity€748,029-€760,775-€752,376▼ 1.1%€732,966▼ 2.6%
Total assets€755,549-€761,625-€754,692▼ 0.9%€733,008▼ 2.9%
Debt€7,520-€850-€2,316▲ 172%€42▼ 98.2%
Working capital€386,891-€411,948▲ 6.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,756 in 2023 against €16,804 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €731,464
Fixed assets
€291,239 ▼ 14.1%
Current assets
€440,225 ▲ 6.4%
Equity and liabilities €733,008
Equity
€732,966 ▼ 2.6%
Debt
€42 ▼ 98.2%
Debt's share of the balance-sheet total falls from 0.3% to 0.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25,333▼
2022 · €30,322
Cash flow
€28,679▼
2022 · €38,727
Debt to equity
0.00▼
2022 · 0.00
ROE
-2.6%▼
2022 · -1.1%
ROA
-2.6%▼
2022 · -1.1%
Interest coverage
23.18▲
2022 · 22.23
Income taxes
€5,673
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €35,727 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,366 | €45,655 | €47,126 | €48,089 | ▲ 2.0% |
| Other operating charges640/8 | - | €2,440 | €6,562 | €6,748 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | €625 | - |
| Gross operating margin9900 | €63,760 | €61,393 | €36,884 | €32,706 | ▼ 11.3% |
| Operating profit (loss)9901 | €5,139 | €13,298 | -€16,804 | -€22,756 | ▼ 35.4% |
| Financial income75/76B | - | €6,838 | €9,769 | €10,112 | ▲ 3.5% |
| Recurring financial income75 | €4,019 | €6,838 | €9,769 | €10,112 | ▲ 3.5% |
| Financial charges65/66B | - | €812 | €1,364 | €1,093 | ▼ 19.9% |
| Recurring financial charges65 | €674 | €812 | €1,364 | €1,093 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €8,484 | €19,324 | -€8,399 | -€13,737 | ▼ 63.6% |
| Income taxes67/77 | - | - | - | €5,673 | - |
| Profit (loss) for the period9904 | €8,484 | €19,324 | -€8,399 | -€19,410 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €8,484 | €19,324 | -€8,399 | -€19,410 | ▼ 131% |
| Line | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €755,549 | €761,625 | €754,692 | €733,008 | ▼ 2.9% |
| Formation expenses20 | €3,338 | €2,441 | €1,993 | €1,544 | ▼ 22.5% |
| Fixed assets21/28 | €592,703 | €371,443 | €338,880 | €291,239 | ▼ 14.1% |
| Intangible fixed assets21 | €5,997 | €3,597 | €2,397 | €1,197 | ▼ 50.1% |
| Tangible fixed assets22/27 | €586,706 | €367,846 | €336,483 | €290,042 | ▼ 13.8% |
| Land and buildings22 | - | €349,475 | €306,235 | €262,994 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | €18,371 | €30,248 | €27,048 | ▼ 10.6% |
| Current assets29/58 | €159,508 | €387,741 | €413,819 | €440,225 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €64,393 | €128,795 | €166,813 | €212,925 | ▲ 27.6% |
| Trade receivables40 | - | €4,200 | €5,592 | €5,592 | = |
| Other amounts receivable41 | - | €124,595 | €161,221 | €207,333 | ▲ 28.6% |
| Cash at bank and in hand54/58 | €95,115 | €258,946 | €247,006 | €215,571 | ▼ 12.7% |
| Deferred charges and accrued income490/1 | - | - | - | €11,729 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €755,549 | €761,625 | €754,692 | €733,008 | ▼ 2.9% |
| Equity10/15 | €748,029 | €760,775 | €752,376 | €732,966 | ▼ 2.6% |
| Contributions10/11 | €18,584 | €18,584 | €18,584 | €18,584 | = |
| Capital10 | - | €18,584 | €18,584 | €18,584 | = |
| Issued capital100 | - | €18,584 | €18,584 | €18,584 | = |
| Reserves13 | €97,893 | €742,191 | €742,191 | €742,191 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | - | €702,832 | €702,832 | €702,832 | = |
| Profit (loss) carried forward14 | €631,552 | - | -€8,399 | -€27,809 | ▼ 231% |
| Amounts payable17/49 | €7,520 | €850 | €2,316 | €42 | ▼ 98.2% |
| Amounts payable within one year42/48 | - | €850 | €1,871 | - | - |
| Trade debts44 | - | €850 | €1,871 | - | - |
| Suppliers440/4 | - | €850 | €1,871 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | €445 | €42 | ▼ 90.6% |
| Line | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,484 | €19,324 | -€8,399 | -€19,410 | ▼ 131% |
| + Depreciation and write-downs630 | €51,366 | €45,655 | €47,126 | €48,089 | ▲ 2.0% |
| Operating cash flow (approximation) | €59,850 | €64,979 | €38,727 | €28,679 | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | - | -€14,563 | -€448 | ▲ 96.9% |
| Change in cash | - | - | -€11,940 | -€31,435 | ▼ 163% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€19,410
Net result drops to -€19,410, the lowest in the series.
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 144 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 281 days late
2021
31-12
Financial
Highest result since 2019net €19,324 ▲128%
Operating result €13,298, net result €19,324, both a record.
12-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 165 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mouscron
Ground area
196 m²
Building footprint
41 m²
Volume, LiDAR
366 m³
Parcel 54432C0502/00Z000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0502/00Z000 | Wallonia | 196 m² | 1 · 41 m² | 10.3 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.