Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 51.7 to 43.
Financials
Financial year 2025
PIANO'S MAENE from Wingene, company number BE0440262115, closed financial year 2025 with a result of € 440,007 after tax. For that financial year PIANO'S MAENE recorded revenue of € 17.4 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 208,383 to € 440,007. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 3.7 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 440,007
▲ 111% vs 2024
Profit after tax over the fiscal year.
€ 443,887
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
23 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
43
▼ 8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▼ 14% vs 2024
€ 58,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 910,188
▼ 14% vs 2024
Of which on lease € 901,505.
Debts at end 2025
€ 5.8 million
▼ 12% vs 2024
€ 732,607 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2 million
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 573,067
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,773,247 | € 17,846,343 | € 17,864,877 | € 17,422,380 | ▼ 2% |
| Profit after taxes | € 283,582 | € 188,220 | € 208,383 | € 440,007 | ▲ 111% |
| Equity | € 3,228,302 | € 3,291,522 | € 3,374,905 | € 3,714,912 | ▲ 10% |
| Total debts | € 9,703,526 | € 9,742,592 | € 9,248,233 | € 9,205,438 | |
| Cash | € 461,913 | € 459,211 | € 264,864 | € 443,887 | ▲ 68% |
| Land & buildings | € 3,928,785 | € 3,757,317 | € 3,725,107 | € 3,572,904 | ▼ 4% |
| Retained profit | € 2,355,370 | € 2,443,590 | € 2,551,973 | € 2,891,980 | ▲ 13% |
| Dividend | € 100,000 | € 100,000 | € 100,000 | € 100,000 | |
| Bank debt | € 6,478,693 | € 6,610,976 | € 6,649,961 | € 5,838,037 | ▼ 12% |
| Balance sheet total | € 12,996,227 | € 13,094,780 | € 12,680,071 | € 12,973,549 | ▲ 2% |
| Employees (FTE) | 52.2 | 51.7 | 51 | 43 | ▼ 8 |
Key figures of PIANO'S MAENE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PIANO'S MAENE?
What happened at PIANO'S MAENE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FJZ COMMV. stepped down as director. NBB
- FULLMOONSCONCEPT COMMV. stepped down as director. NBB
- MAENE-DOUTRELIGNE BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 440,007 (▲ 111% vs 2024). Source: NBB ↗
- FJZ COMMV. became a director. NBB
- FULLMOONSCONCEPT COMMV. became a director. NBB
- MAENE-DOUTRELIGNE BV became a director. NBB
- New establishment in Lanaken. KBO
In short
From € 283,582 profit in 2022 to € 440,007 profit in 2025.
Paid € 469,351 in corporate taxes since 2022.
Best year ever: 2025, with € 440,007 profit.
Paid out € 400,000 in dividends to the owners in total.
Management
It owns 100% of Clavis Beheer BV and 100% of Piano's Maene Nederland BV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Frederic Maene
Also active at: MAENE-DOUTRELIGNE, Chris Maene Collection
since 2025 · until 2031
Director · represented by Christiaan Maene
since 2021 · until 2027
Managing director · represented by Dominique Maene
Also active at: MAENE-DOUTRELIGNE, Chris Maene Collection
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Industriestraat 42
8755 Wingene
Argonnestraat 37
1060 Sint-Gillis (bij-Brussel)
Active since 22 June 1994
Aalterstraat 4
8755 Wingene
Active since 20 September 1990
Pieter van Reysschootlaan 2
9051 Gent
Active since 1 January 2001
Herentalsebaan 431
2160 Wommelgem
Active since 1 December 2011
Patersstraat 36
3621 Lanaken
Active since 1 September 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.262.115
- VAT number
- BE 0440.262.115
- Registered office
- Industriestraat 42, 8755 Wingene
- Names & denominations
- PIANO'S MAENE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 1990
- Peppol
- Active · Active since 11 Jul 2024
- Activities · NACE
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