MAENHAUT MANAGEMENT
ActiveSummary
MAENHAUT MANAGEMENT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €112k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+48
Solvency85▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 2.41 in 2024; short-term debt: 5.1% and cash: 2.5% of total assets), and 39.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
60.2%
Return on assets
3.4%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
21 d early
2023
16 d early
2022
27 d early
2021
45 d early
2020
26 d late
2019
24 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.99M▲ 5.9%
2024 · €1.88M
2018: €721k
2019: €520k
2020: €1.25M
2021: €1.27M
2022: €1.98M
2023: €1.99M
2024: €1.88M
2018 → 2025
Total assets
€3.30M▼ 1.1%
2024 · €3.34M
2018: €2.65M
2019: €3.56M
2020: €3.71M
2021: €3.59M
2022: €3.64M
2023: €3.45M
2024: €3.34M
2018 → 2025
Net result
€112k
2024 · €-111k
2018: €-43k
2019: €-201k
2020: €-115k
2021: €19k
2022: €715k
2023: €5k
2024: €-111k
2018 → 2025
Working capital
€434k▲ 128%
2024 · €190k
2018: €-683k
2019: €-174k
2020: €-50k
2021: €-13k
2022: €2.64M
2023: €1.50M
2024: €190k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.98M▲ 56.4%€1.99M▲ 0.2%€1.88M▼ 5.6%€1.99M▲ 5.9%
Operating result€82k-€911k▲ 1,009%€20k▼ 97.8%€-88k€136k
Net result€19k-€715k▲ 3,666%€5k▼ 99.3%€-111k€112k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €136k after a loss of €88k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.30M
Fixed assets
€2.70M ▼ 10.5%
Current assets
€603k ▲ 85.5%
Equity and liabilities €3.30M
Equity
€1.99M ▲ 5.9%
Debt
€1.31M ▼ 10.2%
Debt's share of the balance-sheet total falls from 43.8% to 39.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€239k▲
2024 · €47k
Cash flow
€214k▲
2024 · €24k
Current ratio
3.56▲
2024 · 2.41
Quick ratio
0.53▼
2024 · 0.56
Debt to equity
0.66▼
2024 · 0.78
ROE
5.6%▲
2024 · -5.9%
ROA
3.4%▲
2024 · -3.3%
Interest coverage
7.61▲
2024 · 1.21
Debt ≤ 1 year
€170k▲
2024 · €135k
Debt > 1 year
€1.14M▼
2024 · €1.33M
Income taxes
€948▲
2024 · €0
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.34M€3.30M▼
Fixed assets21/28€3.01M€2.70M▼
Intangible fixed assets21€2k€887▼
Tangible fixed assets22/27€3.01M€2.70M▼
Land and buildings22€2.97M€2.65M▼
Plant, machinery and equipment23€477€1k▲
Furniture and vehicles24€46k€44k▼
Financial fixed assets28€0-
Current assets29/58€325k€603k▲
Stocks and contracts in progress3€250k€513k▲
Stocks30/36€250k€513k▲
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€2k€0▼
Other amounts receivable41€9k€6k▼
Current investments50/53€0-
Cash at bank and in hand54/58€64k€83k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€3.34M€3.30M▼
Equity10/15€1.88M€1.99M▲
Contributions10/11€437k€437k=
Reserves13€1.55M€1.55M=
Distributable reserves133€1.55M€1.55M=
Profit (loss) carried forward14€-111k€0▲
Amounts payable17/49€1.46M€1.31M▼
Amounts payable after more than one year17€1.33M€1.14M▼
Financial debts170/4€1.33M€1.14M▼
Other amounts payable178/9€1k€0▼
Amounts payable within one year42/48€135k€170k▲
Current portion of amounts payable after more than one year42€131k€133k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€843€35k▲
Taxes450/3€843€35k▲
Other amounts payable47/48€135€322▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€102k▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€55k€248k▲
Operating profit (loss)9901€-88k€136k▲
Financial income75/76B€16k€8k▼
Recurring financial income75€16k€8k▼
Financial charges65/66B€39k€31k▼
Recurring financial charges65€39k€31k▼
Profit (loss) for the period before taxes9903€-111k€112k▲
Income taxes67/77€0€948▲
Profit (loss) for the period9904€-111k€112k▲
Profit (loss) for the period to be appropriated9905€-111k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-111k€717▲
Profit (loss) brought forward from the previous period14P-€-111k
Transfer to equity691/2€0€717▲
To other reserves6921€0€717▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (16 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Back to profitnet €112k
Net result €112k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €715k ▲3666%
Operating result €911k, net result €715k, both a record.
31-12
Financial
Liquidity times 12current ratio 10.68
Current ratio from 0.92 to 10.68.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Equity above €1MEq €1.25M ▲140%
Equity rises from €520k to €1.25M.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-201k
Net result drops to €-201k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Aalter · 1 establishment unit since 2005
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.
Haringstraat 179880 AalterGround area
1,380 m²
Building footprint
306 m²
Volume, LiDAR
1,332 m³
Parcel 44035B0176/00C000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAENHAUT MANAGEMENT
since 20052.148.467.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44035B0176/00C000 | Flanders | 1,380 m² | 1 · 306 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,634 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/3745122