Maeno
ActiveSummary
The computed 12-month bankruptcy probability of Maeno is 2.4% (moderate). The 2025 annual accounts show equity of €39k and a net result of €8k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency61▼-36
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 4.53 in 2024; short-term debt: 59.6% and cash: 46.9% of total assets), and 63.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
36.2%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
24 d early
2023
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 23.9%
2024 · €32k
2023: €15klowest in 3 years
2024: €32k▲ +111% vs 2023
2025: €39k▲ +23.9% vs 2024highest in 3 years
2023 → 2025
Total assets
€109k▲ 146%
2024 · €44k
2023: €27klowest in 3 years
2024: €44k▲ +64.2% vs 2023
2025: €109k▲ +146% vs 2024highest in 3 years
2023 → 2025
Net result
€8k▼ 54.6%
2024 · €17k
2023: €-10klowest in 3 years
2024: €17k▲ +270% vs 2023highest in 3 years
2025: €8k▼ -54.6% vs 2024
2023 → 2025
Working capital
€31k▲ 7.7%
2024 · €29k
2023: €10klowest in 3 years
2024: €29k▲ +181% vs 2023
2025: €31k▲ +7.7% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€15k-€32k▲ 111%€39k▲ 23.9%
2023: €15klowest in 3 years
2024: €32k▲ +111% vs 2023
2025: €39k▲ +23.9% vs 2024highest in 3 years
Operating result€-10k-€19k€11k▼ 43.8%
2023: €-10klowest in 3 years
2024: €19k▲ +298% vs 2023highest in 3 years
2025: €11k▼ -43.8% vs 2024
Net result€-10k-€17k€8k▼ 54.6%
2023: €-10klowest in 3 years
2024: €17k▲ +270% vs 2023highest in 3 years
2025: €8k▼ -54.6% 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 falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€13k ▲ 81.0%
Current assets
€96k ▲ 159%
Equity and liabilities €109k
Equity
€39k ▲ 23.9%
Debt
€70k ▲ 459%
Debt's share of the balance-sheet total rises from 28.1% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▼
2024 · €24k
Cash flow
€14k▼
2024 · €21k
Current ratio
1.48▼
2024 · 4.53
Debt to equity
1.76▲
2024 · 0.39
ROE
19.3%▼
2024 · 52.6%
ROA
7.0%▼
2024 · 37.8%
Interest coverage
26.22▼
2024 · 61.72
Debt ≤ 1 year
€65k▲
2024 · €8k
Debt > 1 year
€3k▲
2024 · €3k
Income taxes
€3k▲
2024 · €2k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€44k€109k▲
Fixed assets21/28€7k€13k▲
Intangible fixed assets21€2k€4k▲
Tangible fixed assets22/27€6k€9k▲
Furniture and vehicles24€6k€9k▲
Current assets29/58€37k€96k▲
Amounts receivable within one year40/41€8k€45k▲
Trade receivables40€1k€45k▲
Other amounts receivable41€6k-
Cash at bank and in hand54/58€29k€51k▲
Deferred charges and accrued income490/1€300€300=
Equity and liabilities
Total equity and liabilities10/49€44k€109k▲
Equity10/15€32k€39k▲
Contributions10/11€25k€25k=
Reserves13€7k€14k▲
Distributable reserves133€7k€14k▲
Amounts payable17/49€12k€70k▲
Amounts payable after more than one year17€3k€3k▲
Financial debts170/4€3k€3k▲
Amounts payable within one year42/48€8k€65k▲
Current portion of amounts payable after more than one year42€3k€6k▲
Trade debts44€4k€49k▲
Suppliers440/4€4k€49k▲
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€10k▲
Remuneration and social security454/9-€90
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€973€945▼
Gross operating margin9900€25k€18k▼
Operating profit (loss)9901€19k€11k▼
Financial income75/76B€5€112▲
Recurring financial income75€5€112▲
Financial charges65/66B€385€642▲
Recurring financial charges65€385€642▲
Profit (loss) for the period before taxes9903€19k€10k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€17k€8k▼
Profit (loss) for the period to be appropriated9905€17k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€8k▲
Profit (loss) brought forward from the previous period14P€-10k-
Transfer to equity691/2€7k€8k▲
To other reserves6921€7k€8k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €6k | ▲ 31.0% |
| Other operating charges640/8 | €505 | €973 | €945 | ▼ 2.9% |
| Gross operating margin9900 | €-7k | €25k | €18k | ▼ 28.1% |
| Operating profit (loss)9901 | €-10k | €19k | €11k | ▼ 43.8% |
| Financial income75/76B | €5 | €5 | €112 | ▲ 2,149% |
| Recurring financial income75 | €5 | €5 | €112 | ▲ 2,149% |
| Financial charges65/66B | €232 | €385 | €642 | ▲ 66.7% |
| Recurring financial charges65 | €232 | €385 | €642 | ▲ 66.7% |
| Profit (loss) for the period before taxes9903 | €-10k | €19k | €10k | ▼ 45.5% |
| Income taxes67/77 | - | €2k | €3k | ▲ 32.1% |
| Profit (loss) for the period9904 | €-10k | €17k | €8k | ▼ 54.6% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €17k | €8k | ▼ 54.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €27k | €44k | €109k | ▲ 146% |
| Fixed assets21/28 | €12k | €7k | €13k | ▲ 81.0% |
| Intangible fixed assets21 | €3k | €2k | €4k | ▲ 163% |
| Tangible fixed assets22/27 | €9k | €6k | €9k | ▲ 58.6% |
| Furniture and vehicles24 | €9k | €6k | €9k | ▲ 58.6% |
| Current assets29/58 | €15k | €37k | €96k | ▲ 159% |
| Amounts receivable within one year40/41 | €8k | €8k | €45k | ▲ 470% |
| Trade receivables40 | €673 | €1k | €45k | ▲ 3,037% |
| Other amounts receivable41 | €7k | €6k | - | - |
| Cash at bank and in hand54/58 | €7k | €29k | €51k | ▲ 76.1% |
| Deferred charges and accrued income490/1 | €822 | €300 | €300 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €27k | €44k | €109k | ▲ 146% |
| Equity10/15 | €15k | €32k | €39k | ▲ 23.9% |
| Contributions10/11 | €25k | €25k | €25k | = |
| Reserves13 | - | €7k | €14k | ▲ 111% |
| Distributable reserves133 | - | €7k | €14k | ▲ 111% |
| Profit (loss) carried forward14 | €-10k | - | - | - |
| Amounts payable17/49 | €12k | €12k | €70k | ▲ 459% |
| Amounts payable after more than one year17 | €5k | €3k | €3k | ▲ 16.0% |
| Financial debts170/4 | €5k | €3k | €3k | ▲ 16.0% |
| Amounts payable within one year42/48 | €5k | €8k | €65k | ▲ 692% |
| Current portion of amounts payable after more than one year42 | €2k | €3k | €6k | ▲ 125% |
| Trade debts44 | €3k | €4k | €49k | ▲ 1,279% |
| Suppliers440/4 | €3k | €4k | €49k | ▲ 1,279% |
| Taxes, remuneration and social security45 | - | €2k | €10k | ▲ 402% |
| Taxes450/3 | - | €2k | €10k | ▲ 398% |
| Remuneration and social security454/9 | - | - | €90 | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | ▼ 2.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €17k | €8k | ▼ 54.6% |
| + Depreciation and write-downs630 | €2k | €5k | €6k | ▲ 31.0% |
| Operating cash flow (approximation) | €-8k | €21k | €14k | ▼ 36.0% |
| Investment in fixed assets (approximation) | - | €0 | €-12k | - |
| Change in cash | - | €23k | €22k | ▼ 1.9% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Arendonk · 1 establishment unit since 2022
Ground area
112 m²
Building footprint
112 m²
Volume, LiDAR
404 m³
Parcel 13322C0040/02D013, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Maeno
since 20222.342.678.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C0040/02D013 | Flanders | 112 m² | 1 · 112 m² | 4.6 m · 1 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.
Similar companies · same sector, comparable size
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,176 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
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43221Plumbing work
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.