ANDY MAES
ActiveSummary
The computed 12-month bankruptcy probability of ANDY MAES is 2.6% (moderate). The 2024 annual accounts show equity of €16k and a net result of €11k. Its solvency ranks better than 23% of 1633 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability86
Solvency46
Growth-
Track record67
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.89; short-term debt: 55.8% and cash: 33.7% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
20.5%
Return on assets
14%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1633 sector peers (2024).
NBB · sector comparisonPosition among 1633 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€16k
Total assets
€77k
Net result
€11k
Working capital
€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €77k
Fixed assets
€39k
Current assets
€38k
Equity and liabilities €77k
Equity
€16k
Debt
€61k
Debt finances 79.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€18k
Cash flow
€15k
Current ratio
0.89
Debt to equity
3.87
ROE
68.4%
ROA
14.0%
Interest coverage
43.73
Debt ≤ 1 year
€43k
Debt > 1 year
€15k
Income taxes
€3k
Annual accounts
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k |
| Gross operating margin9900 | €18k |
| Operating profit (loss)9901 | €14k |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €420 |
| Recurring financial charges65 | €420 |
| Profit (loss) for the period before taxes9903 | €14k |
| Income taxes67/77 | €3k |
| Profit (loss) for the period9904 | €11k |
| Profit (loss) for the period to be appropriated9905 | €11k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €77k | |
| Fixed assets21/28 | €39k | |
| Intangible fixed assets21 | €486 | |
| Tangible fixed assets22/27 | €38k | |
| Land and buildings22 | €2k | |
| Furniture and vehicles24 | €37k | |
| Current assets29/58 | €38k | |
| Amounts receivable within one year40/41 | €12k | |
| Trade receivables40 | €12k | |
| Other amounts receivable41 | €131 | |
| Cash at bank and in hand54/58 | €26k | |
| Deferred charges and accrued income490/1 | €177 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €77k | |
| Equity10/15 | €16k | |
| Contributions10/11 | €5k | |
| Reserves13 | €11k | |
| Distributable reserves133 | €11k | |
| Amounts payable17/49 | €61k | |
| Amounts payable after more than one year17 | €15k | |
| Financial debts170/4 | €15k | |
| Amounts payable within one year42/48 | €43k | |
| Current portion of amounts payable after more than one year42 | €6k | |
| Trade debts44 | €8k | |
| Suppliers440/4 | €8k | |
| Taxes, remuneration and social security45 | €9k | |
| Taxes450/3 | €9k | |
| Other amounts payable47/48 | €20k | |
| Accrued charges and deferred income492/3 | €4k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €11k |
| + Depreciation and write-downs630 | €4k |
| Operating cash flow (approximation) | €15k |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Waregem · 1 establishment unit since 2024
Ground area
378 m²
Building footprint
84 m²
Volume, LiDAR
525 m³
Parcel 34010A0035/00W007, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ANDY MAES
since 20242.360.989.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0035/00W007 | Flanders | 378 m² | 1 · 84 m² | 8.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 243 EUR awarded · 243 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 151 EUR | 151 EUR |
| 2024 | 1 | 92 EUR | 92 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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DMT
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Of 3,718 companies in sector 33120 we hold annual accounts for 1,344. 792 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
Founded25-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.