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Bureau Maes

Active
Private limited companyfounded 198838 years activeKoningslaan 74, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0435.526.436
Summary

The computed 12-month bankruptcy probability of Bureau Maes is 2.5% (moderate). The 2024 annual accounts show negative equity (-€2,857) and a net result of -€5,611. Equity is shrinking by ~53.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 4,345 sector peers (NACE 74, fiscal year 2024). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Photography, excluding press photography
NACE 74201
1 site
Size
€5,791turnover 2024
Equity
-€2,857
Loss
-€5,611
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.5%
Structure
Accounts 69 days overdue0 of 4 deeds read
Why 50- 1 change of registered office in 24 months- Figures for FY 2024 (filed 13-09-2025)+ Sector Other professional, scientific and technical activities (NACE 74)+ Size: turnover €5,791, total assets €293,758Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 74, micro)
Financial strength · tick = 2023
Weak
Solvency 24-2
equity -1.0% of total assets
Liquidity 6+4
short-term debt 90.0% · cash 5.1%
Profitability 78+70
return on assets -1.9%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,410 companies)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 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 08-2026 10-2026: 2.5%▲ +0.6 percentage points vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.1 against 0.05 in 2023; short-term debt: 90% and cash: 5.1% of total assets), and equity is negative.
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 14% on solvency, 5% on liquidity, 50% on profitability and 12% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 13-09-2025)
NBB · annual accounts
lowers risk · Sector Other professional, scientific and technical activities (NACE 74)
KBO
lowers risk · Size: turnover €5,791, total assets €293,758
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€2,857
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-09-2025, 44 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
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 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€2,857 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€5,611 View
  • Caution: Among the weakest 14% on equitysector median €41,560 · 4,349 companies -€2,857 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View

By topic

Financials

Fiscal year
2024
Turnover
€5,791
Loss
-€5,611
Solvency
-1.0%
Turnover▼ 31.5%
Net result
20192024
Go to Financials

Timeline

Events
10
Since
2016
  1. 31-07-2022Annual accounts filed
  2. 14-07-2021Annual accounts filed
  3. 29-06-2020Annual 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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