GEERT MAES
ActiveGEERT MAES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €35k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 7778 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-7
Solvency58▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.0 in 2024; short-term debt: 33.7% and cash: 4.9% of total assets), and 66.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.3%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
35 d early
2023
30 d late
2022
39 d early
2021
34 d early
2020
90 d late
2019
68 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€403k▲ 9.5%
2024 · €368k
2018: €294k
2019: €165k
2020: €129k
2021: €197k
2022: €239k
2023: €283k
2024: €368k
2018 → 2025
Total assets
€1.21M▲ 22.1%
2024 · €991k
2018: €1.17M
2019: €1.34M
2020: €1.40M
2021: €1.19M
2022: €1.13M
2023: €942k
2024: €991k
2018 → 2025
Net result
€35k▼ 58.8%
2024 · €85k
2018: €44k
2019: €20k
2020: €-36k
2021: €68k
2022: €44k
2023: €44k
2024: €85k
2018 → 2025
Working capital
€29k
2024 · €-534
2018: €29k
2019: €-70k
2020: €-137k
2021: €-76k
2022: €-96k
2023: €-70k
2024: €-534
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€239k▲ 21.4%€283k▲ 18.3%€368k▲ 30.1%€403k▲ 9.5%
Operating result€92k-€72k▼ 22.2%€84k▲ 17.7%€136k▲ 61.4%€78k▼ 42.6%
Net result€68k-€44k▼ 35.7%€44k=€85k▲ 94.7%€35k▼ 58.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€773k▲ 23.3%
Current assets
€436k▲ 20.0%
Equity and liabilities €1.21M
Equity
€403k▲ 9.5%
Debt
€806k▲ 29.5%
The debt ratio rises from 62.9% to 66.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€182k▼
2024 · €233k
Cash flow
€139k▼
2024 · €182k
Solvency
33.3%▼
2024 · 37.1%
Current ratio
1.07▲
2024 · 1.00
Quick ratio
0.56▲
2024 · 0.56
Debt / equity
2.00▲
2024 · 1.69
ROE
8.7%▼
2024 · 23.1%
ROA
2.9%▼
2024 · 8.6%
Interest coverage
10.99▼
2024 · 12.33
Debt
€806k▲
2024 · €623k
Debt ≤ 1 year
€407k▲
2024 · €364k
Debt > 1 year
€396k▲
2024 · €254k
Income taxes
€27k▼
2024 · €32k
Staff costs
€88k▼
2024 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€991k€1.21M▲
Fixed assets21/28€627k€773k▲
Tangible fixed assets22/27€626k€772k▲
Land and buildings22€375k€354k▼
Plant, machinery and equipment23€128k€108k▼
Furniture and vehicles24€91k€67k▼
Leasing and similar rights25€32k€243k▲
Financial fixed assets28€624€624=
Current assets29/58€364k€436k▲
Stocks and contracts in progress3€161k€207k▲
Stocks30/36€72k€103k▲
Contracts in progress37€89k€104k▲
Amounts receivable within one year40/41€185k€164k▼
Trade receivables40€150k€129k▼
Other amounts receivable41€35k€36k▲
Cash at bank and in hand54/58€13k€60k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€991k€1.21M▲
Equity10/15€368k€403k▲
Contributions10/11€19k€19k=
Reserves13€349k€384k▲
Tax-exempt reserves132€6k€6k=
Distributable reserves133€343k€378k▲
Amounts payable17/49€623k€806k▲
Amounts payable after more than one year17€254k€396k▲
Financial debts170/4€254k€396k▲
Amounts payable within one year42/48€364k€407k▲
Current portion of amounts payable after more than one year42€64k€97k▲
Financial debts43€88k€88k=
Credit institutions430/8€88k-
Other loans439-€88k
Trade debts44€116k€131k▲
Suppliers440/4€116k€131k▲
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€14k€15k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€79k€74k▼
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€24k-
Remuneration, social security and pensions62€89k€88k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€104k▲
Other operating charges640/8€43k€49k▲
Gross operating margin9900€365k€319k▼
Operating profit (loss)9901€136k€78k▼
Financial income75/76B€204€756▲
Recurring financial income75€204€756▲
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€117k€62k▼
Income taxes67/77€32k€27k▼
Profit (loss) for the period9904€85k€35k▼
Profit (loss) for the period to be appropriated9905€85k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€35k▼
Transfer to equity691/2€85k€35k▼
To other reserves6921€85k€35k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €85k ▲94.7%
Operating result €136k, net result €85k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €239k ▲21.4%
2 profitable years in a row build equity to €239k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-12
Financial
Equity above €150kEq €197k ▲52.7%
Equity rises from €129k to €197k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-36k ▼278%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Assenede · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heulken 109968 AssenedeGround area
1.1 ha
Building footprint
86 m²
Volume, LiDAR
469 m³
Parcel 43003B0144/00C000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEERT MAES
since 20052.145.189.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43003B0144/00C000 | Flanders | 1.1 ha | 1 · 86 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 1,328 EUR awarded · 1,328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,328 EUR | 1,328 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAssenede2.145.189.048
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,314 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2004
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
43120Site preparation
45112
81300Landscape service activities
01500Mixed farming
01610Support activities for crop production
02100Forestry and logging
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.