YVES MAENHOUT
ActiveYVES MAENHOUT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €15k. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+4
Solvency36=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.73 in 2024; short-term debt: 52.8% and cash: 1% of total assets), but 89% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
11%
Return on assets
0.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10289 sector peers (2025).
NBB · sector comparisonPosition among 10289 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
25 d early
2023
42 d early
2022
on the day
2021
on the day
2020
3 d early
2019
24 d early
← before the deadline
after the deadline →
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 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€250k▲ 6.2%
2024 · €235k
2019: €61k
2020: €62k
2021: €87k
2022: €216k
2023: €255k
2024: €235k
2019 → 2025
Total assets
€2.26M▲ 8.0%
2024 · €2.10M
2019: €2.15M
2020: €2.16M
2021: €2.29M
2022: €2.39M
2023: €1.95M
2024: €2.10M
2019 → 2025
Net result
€15k
2024 · €-20k
2019: €6k
2020: €1k
2021: €26k
2022: €130k
2023: €38k
2024: €-20k
2019 → 2025
Working capital
€807k▲ 6.4%
2024 · €758k
2019: €494k
2020: €493k
2021: €558k
2022: €772k
2023: €785k
2024: €758k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€216k▲ 147%€255k▲ 17.7%€235k▼ 7.7%€250k▲ 6.2%
Operating result€52k-€172k▲ 232%€79k▼ 54.2%€28k▼ 64.5%€10k▼ 64.5%
Net result€26k-€130k▲ 399%€38k▼ 70.5%€-20k€15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.26M
Fixed assets
€261k▼ 12.5%
Current assets
€2.00M▲ 11.4%
Equity and liabilities €2.26M
Equity
€250k▲ 6.2%
Provisions
€0▼ 100%
Debt
€2.01M▲ 10.6%
The debt ratio rises from 86.9% to 89.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €76k
Cash flow
€71k▲
2024 · €28k
Solvency
11.0%▼
2024 · 11.2%
Current ratio
1.67▼
2024 · 1.73
Quick ratio
0.32▼
2024 · 0.52
Debt / equity
8.07▲
2024 · 7.76
ROE
5.9%▲
2024 · -8.4%
ROA
0.6%▲
2024 · -0.9%
Interest coverage
1.88▲
2024 · 1.59
Debt
€2.01M▲
2024 · €1.82M
Debt ≤ 1 year
€1.20M▲
2024 · €1.04M
Debt > 1 year
€794k▲
2024 · €782k
Income taxes
€-37k▼
2024 · €916
Staff costs
€618k▲
2024 · €604k
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€2.10M€2.26M▲
Fixed assets21/28€298k€261k▼
Tangible fixed assets22/27€298k€261k▼
Land and buildings22€171k€169k▼
Plant, machinery and equipment23€93k€69k▼
Furniture and vehicles24€35k€23k▼
Financial fixed assets28€100€100=
Current assets29/58€1.80M€2.00M▲
Stocks and contracts in progress3€1.26M€1.63M▲
Stocks30/36€1.26M€1.63M▲
Amounts receivable within one year40/41€454k€350k▼
Trade receivables40€419k€330k▼
Other amounts receivable41€35k€20k▼
Cash at bank and in hand54/58€79k€22k▼
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.10M€2.26M▲
Equity10/15€235k€250k▲
Contributions10/11€19k€19k=
Reserves13€216k€231k▲
Distributable reserves133€216k€231k▲
Provisions and deferred taxes16€40k€0▼
Provisions for liabilities and charges160/5€40k€0▼
Pensions and similar obligations160€40k€0▼
Amounts payable17/49€1.82M€2.01M▲
Amounts payable after more than one year17€782k€794k▲
Financial debts170/4€12k€24k▲
Other amounts payable178/9€770k€770k=
Amounts payable within one year42/48€1.04M€1.20M▲
Current portion of amounts payable after more than one year42€17k€19k▲
Financial debts43€200k€300k▲
Credit institutions430/8€200k€300k▲
Trade debts44€374k€300k▼
Suppliers440/4€374k€300k▼
Taxes, remuneration and social security45€35k€51k▲
Taxes450/3€13k€7k▼
Remuneration and social security454/9€21k€44k▲
Other amounts payable47/48€415k€527k▲
Accrued charges and deferred income492/3-€24k
Income statement
Code20242025
Remuneration, social security and pensions62€604k€618k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€0▲
Other operating charges640/8€10k€7k▼
Gross operating margin9900€687k€691k▲
Operating profit (loss)9901€28k€10k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€48k€35k▼
Recurring financial charges65€48k€35k▼
Profit (loss) for the period before taxes9903€-19k€-23k▼
Income taxes67/77€916€-37k▼
Profit (loss) for the period9904€-20k€15k▲
Profit (loss) for the period to be appropriated9905€-20k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€15k▲
Transfer from equity791/2€20k€0▼
Transfer to equity691/2€0€15k▲
To other reserves6921€0€15k▲
Social balance
Average headcount (FTE)908714.014.5▲
The notes to these accounts (18 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-20k ▼151%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €130k ▲399%
Operating result €172k, net result €130k, both a record.
30-06
Financial
Equity above €200kEq €216k ▲147%
4 profitable years in a row build equity to €216k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tielt · 2 establishment units since 2000
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.
Aarselekapellestraat 378700 TieltGround area
2.6 ha
Building footprint
6,460 m²
Volume, LiDAR
59,254 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Aarselekapellestraat 37, 8700 Tielt
since 20002.115.684.816
YVES MAENHOUT
since 20002.115.684.915
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0012/00M000 | Flanders | 1.8 ha | 1 · 6,082 m² | 10.9 m · 3 fl. |
| 37004B0763/00F000 | Flanders | 7,367 m² | 1 · 378 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 78,358 EUR awarded · 78,577 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 16,554 EUR | 16,554 EUR |
| 2024 | 3 | 21,140 EUR | 21,140 EUR |
| 2023 | 2 | 16,030 EUR | 16,249 EUR |
| 2022 | 1 | 24,634 EUR | 24,634 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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SCHUTYSER
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KRISS
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Of 1,272 companies in sector 47512 we hold annual accounts for 581. 461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2000
Fiscal year end30-06
Activities, NACEBEL
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
47512Retail sale of household textiles and bedding
52410
46190Agents in non-specialised wholesale trade
46872Wholesale trade
51570
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.