HAES - MAES
ActiveHAES - MAES has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.82M and a net result of €313k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+1
Solvency96▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.15 in 2024; short-term debt: 27.7% and cash: 53.7% of total assets), and 29.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
70.6%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 filingsDeviation from the deadline
2025
21 d late
2024
21 d late
2023
31 d late
2022
4 d early
2021
60 d late
2020
31 d late
2019
102 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€313k▲ 16.5%
2024 · €269k
2018: €95k
2019: €86k
2020: €144k
2021: €140k
2022: €107k
2023: €228k
2024: €269k
2018 → 2025
Working capital
€1.72M▲ 14.6%
2024 · €1.50M
2018: €656k
2019: €769k
2020: €932k
2021: €1.05M
2022: €1.16M
2023: €1.33M
2024: €1.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.07M-€1.18M▲ 9.9%€1.40M▲ 18.2%€1.59M▲ 13.5%€1.82M▲ 14.7%
Operating result€217k-€171k▼ 21.1%€326k▲ 90.9%€384k▲ 17.8%€453k▲ 17.8%
Net result€140k-€107k▼ 23.9%€228k▲ 113%€269k▲ 18.1%€313k▲ 16.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€138k▼ 9.3%
Current assets
€2.44M▲ 10.6%
Equity and liabilities €2.58M
Equity
€1.82M▲ 14.7%
Debt
€757k▼ 1.7%
The debt ratio falls from 32.7% to 29.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€469k▲
2024 · €409k
Cash flow
€329k▲
2024 · €293k
Solvency
70.6%▲
2024 · 67.3%
Current ratio
3.41▲
2024 · 3.15
Quick ratio
3.24▲
2024 · 3.00
Debt / equity
0.42▼
2024 · 0.49
ROE
17.2%▲
2024 · 16.9%
ROA
12.1%▲
2024 · 11.4%
Interest coverage
30.29▼
2024 · 33.87
Debt
€757k▼
2024 · €770k
Debt ≤ 1 year
€715k▲
2024 · €700k
Debt > 1 year
€41k▼
2024 · €69k
Income taxes
€124k▲
2024 · €104k
Staff costs
€150k▲
2024 · €148k
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€2.36M€2.58M▲
Fixed assets21/28€152k€138k▼
Tangible fixed assets22/27€141k€127k▼
Land and buildings22€18k€13k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€3k€1k▼
Leasing and similar rights25€116k€109k▼
Financial fixed assets28€11k€11k=
Current assets29/58€2.20M€2.44M▲
Stocks and contracts in progress3€103k€121k▲
Stocks30/36€103k€121k▲
Amounts receivable within one year40/41€862k€907k▲
Trade receivables40€853k€907k▲
Other amounts receivable41€9k€540▼
Cash at bank and in hand54/58€1.22M€1.38M▲
Deferred charges and accrued income490/1€19k€26k▲
Equity and liabilities
Total equity and liabilities10/49€2.36M€2.58M▲
Equity10/15€1.59M€1.82M▲
Contributions10/11€285k€285k=
Capital10€285k€285k=
Issued capital100€285k€285k=
Reserves13€621k€641k▲
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€580k€600k▲
Profit (loss) carried forward14€680k€893k▲
Amounts payable17/49€770k€757k▼
Amounts payable after more than one year17€69k€41k▼
Financial debts170/4€69k€41k▼
Amounts payable within one year42/48€700k€715k▲
Current portion of amounts payable after more than one year42€36k€29k▼
Trade debts44€490k€449k▼
Suppliers440/4€490k€449k▼
Taxes, remuneration and social security45€70k€149k▲
Taxes450/3€55k€132k▲
Remuneration and social security454/9€15k€18k▲
Other amounts payable47/48€104k€88k▼
Accrued charges and deferred income492/3€934€2k▲
Income statement
Code20242025
Non-recurring operating income76A€15k€7k▼
Remuneration, social security and pensions62€148k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€16k▼
Other operating charges640/8€36k€36k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€593k€655k▲
Operating profit (loss)9901€384k€453k▲
Financial income75/76B€64€91▲
Recurring financial income75€64€91▲
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€15k▲
Profit (loss) for the period before taxes9903€372k€437k▲
Income taxes67/77€104k€124k▲
Profit (loss) for the period9904€269k€313k▲
Profit (loss) for the period to be appropriated9905€269k€313k▲
Appropriation of the result
Profit (loss) to be appropriated9906€780k€993k▲
Profit (loss) brought forward from the previous period14P€511k€680k▲
Transfer from equity791/2€80k€80k=
Transfer to equity691/2€100k€100k=
To other reserves6921€100k€100k=
Profit to be distributed694/7€80k€80k=
Return on contributions (dividend)694€80k€80k=
Directors or managers695€0-
Social balance
Average headcount (FTE)90872.82.6▼
The notes to these accounts (18 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
31-12
Financial
Highest result since 2018net €313k ▲16.5%
Operating result €453k, net result €313k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial
Equity above €1MEq €1.07M ▲15%
4 profitable years in a row build equity to €1.07M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-12
Financial
Weakest financial yearnet €86k ▼10.2%
Net result drops to €86k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
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
5 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, Lochristi · 1 establishment unit since 1986
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.
Persijzerstraat 539080 LochristiGround area
2,841 m²
Building footprint
183 m²
Volume, LiDAR
972 m³
Parcel 44076E0289/00E000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Persijzerstraat 53, 9080 Lochristi
since 19862.034.938.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076E0289/00E000 | Flanders | 2,841 m² | 1 · 183 m² | 8.9 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
2023 · 2 entries · 1,621 EUR awarded · 1,621 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 1,621 EUR | 1,621 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
MAISON DEVIERE - DUMONT ET FILS
BE 0431.854.292
Mons · Eq €1.81M
DEVERMA
BE 0443.663.053
Koksijde · Eq €1.80M
BRANDSTOFFEN TOON DEGRAUWE
BE 0872.653.273
Izegem · Eq €1.80M
ROOSE
BE 0426.616.688
Zwevegem · Eq €1.80M
NIELEN Joseph
BE 0444.731.538
Houffalize · Eq €1.77M
Of 3,240 companies in sector 47781 we hold annual accounts for 744. 363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-09-1986
Fiscal year end31-12
Activities, NACEBEL
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
49410Freight transport by road
52481
47521Retail sale of hardware, building materials, paint and glass (general range)
47552Retail sale of lighting equipment
47592Retail trade
47792Retail sale of second-hand clothing
52442
52461
52502
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.