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Ets MAES SUZANNE

Active
Private limited company (pre-2019)founded 199431 yrs activeAv. de l' Hôtel de Ville(TR) 39, 6183 Courcelles, BelgiumKBO/BCE: BE 0453.513.701
Summary

Ets MAES SUZANNE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€64,366) and a net result of -€4,068. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 14% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

What they do
Wholesale trade
NACE 46480NACE 51474
1 site
How big
€247,848total assets 2025
Equity
-€64,366
Loss
-€4,068
Turnover not published (abridged schema)
Financially healthy?
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.0%
Who decides
Accounts filed 24 d late0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€64,366- Liquidity: current ratio 0.79, cash €26+ Size: total assets €247,848+ Founded in 1994Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 16% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-1
equity -26.0% of total assets
Liquidity 0=
short-term debt 126.0% · cash 0.0%
Profitability 33-1
return on assets -1.6%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,765 companies)
Last 3 months 08-2026: 1.7%highest value 09-2026: 1.0%▼ -43.2% vs 08-2026lowest value 10-2026: 1.0%● 0.0% vs 09-2026lowest value
  • Size: total assets €247,848 lowers the probability for this profile
  • Negative equity -€64,366 raises the probability
  • Liquidity: current ratio 0.79, cash €26 raises the probability
  • Founded in 1994 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.79 against 0.8 in 2024; short-term debt: 126% and cash: 0% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 1%, profitability 27%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €247,848
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€64,366
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.79, cash €26
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1994
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€64,366
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
7 d late
2023
30 d late
2022
18 d late
2021
22 d late
2020
26 d late
2019
32 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 22 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€64,366 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€4,068 View
  • Caution: Among the weakest 8% on equitysector median €58,742 · 12,380 companies -€64,366 View

By topic

Financials

Fiscal year
2025
Total assets
€247,848
Loss
-€4,068
Solvency
-26.0%
Turnover▼ 47.8%
Net result
20182022
Go to Financials

Timeline

Events
10
Since
2017
Next accounts
by 31-07-2027
  1. 24-08-2026Annual accounts filed
  2. 07-08-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Wholesale tradeNACE 46480
Founded
14-10-1994
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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