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Bureau Maes

Active
Private limited companyfounded 1988active for 38 yearsKoningslaan 74, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0435.526.436
Summary

Bureau Maes has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275,208 and a net result of €278,065. Equity is shrinking by about 35% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 70% of 4,289 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Photography, excluding press photography
NACE 74201
1 site
Size
€392,805total assets 2025
Equity
€275,208
Profit
€278,065
Turnover not published (abbreviated or micro format)
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts filed 67 days late0 of 4 deeds read
Why 93raises riskLatest accounts 67 days late; 2 of the last 3 late1 change of registered office in 24 monthslowers riskLiquidity: current ratio 3.29, cash €382,200Equity €275,208 (70.1% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 85% of its sector peers (NACE 74, micro)
Financial strength · tick = 2024
Strong
Solvency 95+71
equity 70.1% of total assets
Liquidity 88+82
short-term debt 29.9% · cash 97.3%
Profitability 100+22
return on assets 70.8%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,406 companies, NACE 74, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.4%▲ +0.1 percentage points vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.7 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025 09-2025: 1.9%▲ +0.4 percentage points vs 08-2025 10-2025: 1.3%▼ -0.6 percentage points vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.2%▼ -0.1 percentage points vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.6%▲ +0.2 percentage points vs 07-2026 09-2026: 1.9%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -1.7 percentage points vs 09-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.29, compared with 0.1 in 2024; short-term debt: 29.9% and cash: 97.3% of total assets), and 29.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 71% on solvency, 80% on liquidity, 88% on profitability and 99% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 3.29, cash €382,200
NBB · annual accounts
raises risk · Latest accounts 67 days late; 2 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Equity €275,208 (70.1% of total assets)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-10-2026, 67 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
67 days late
2024
44 days late
2023
21 days early
2022
21 days late
2021
on the day
2020
17 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Back to profitnet €278,065
  3. Liquidity more than 34 timescurrent ratio 3.29

Key points

  • Positive: Back in profit in 2025after -€5,611 in 2024 €278,065 View
  • Positive: Among the best 5% on net resultsector median €9,181 · 4,284 companies €278,065 View
  • Caution: Latest accounts filed lateafter the legal deadline 67 days View

By topic

Financials

Financial year
2025
Total assets
€392,805
Profit
€278,065
Solvency
70.1%
Turnover▼ 31.5%
Net result
20192024
Go to Financials

Timeline

Events
40
Since
1990
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €200,000
  2. 13-09-2025Annual accounts filed
  3. 10-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Photography, excluding press photographyNACE 74201
Founded
15-09-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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