Financials
- Fiscal year
- 2025
- Total assets
- €4.2m
- Profit
- €185,374
- Solvency
- 30.9%
Total assets▲ 21.9%
Net result
20192025
L. Maes
ActiveSummary
L. Maes has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €185,374. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Freight transport by road
NACE 49410NACE 60242
#6 company by staff growth in West Flanders, Land transport sector1 site
Size
€4.2mtotal assets 2025
- Staff
- 28.5 FTE
- Equity
- €1.3m
- Profit
- €185,374
Turnover not published (abridged schema)
Structure
- Parent
- LIMA LOGISTICS · 100%
Accounts filed 3 d late0 of 7 deeds read
Why 87- Sector Land transport and transport via pipelines (NACE 49)+ Founded in 2005+ Size: 28.5 FTE, total assets €4.2m+ Figures for FY 2025 (filed 06-02-2026)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Better than 43% of its sector peers (NACE 49, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
56-9
equity 30.9% of total assets
Liquidity
49+2
short-term debt 30.1% · cash 8.9%
Profitability
74=
return on assets 4.4%
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).
Last 19 months
04-2025: 0.3%
05-2025: 0.3%● 0.0% vs 04-2025
06-2025: 0.3%● 0.0% vs 05-2025
07-2025: 0.3%● 0.0% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%▲ +18.6% vs 08-2025
10-2025: 0.4%▲ +13.8% vs 09-2025
11-2025: 0.4%▲ +0.6% vs 10-2025
12-2025: 0.4%▲ +14.6% vs 11-2025
01-2026: 0.5%▲ +34.2% vs 12-2025
02-2026: 0.9%▲ +72.1% vs 01-2026highest value
03-2026: 0.2%▼ -79.9% vs 02-2026lowest value
04-2026: 0.2%● 0.0% vs 03-2026lowest value
05-2026: 0.2%● 0.0% vs 04-2026lowest value
06-2026: 0.2%● 0.0% vs 05-2026lowest value
07-2026: 0.2%● 0.0% vs 06-2026lowest value
08-2026: 0.2%● 0.0% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%▲ +14.7% vs 09-2026
- Founded in 2005 lowers the probability for this profile
- Sector Land transport and transport via pipelines (NACE 49) raises the probability
- Size: 28.5 FTE, total assets €4.2m lowers the probability for this profile
- Figures for FY 2025 (filed 06-02-2026) lowers the probability
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.82 in 2024; short-term debt: 30.1% and cash: 8.9% of total assets), and 69.1% of the assets are financed with debt.
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 49, small). Better than this share of them on solvency 41%, liquidity 56%, profitability 57%, growth against the median 19%. 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.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
42 d early
2023
on the day
2022
29 d early
2021
31 d early
2020
6 d early
2019
3 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 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
- Positive: Among the best 14% on equitysector median €273,408 · 2,053 companies €1.3m View
- Controlled by LIMA LOGISTICS 100% View
- Positive: 7 profitable years in a rowprofit 2025: €185,374 7 years View
- Positive: Staff rose in 2025from 22.3 FTE to 28.5 FTE ▲ 27.8% View
- Flemish supportawarded 2022 - 2025 €54,181 View
By topic
Board & ownership
- Parent
- LIMA LOGISTICS · 100%
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-01-2027
- 03-02-2026Annual accounts filed
- 20-12-2024Annual accounts filed
- 31-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 21-09-2005
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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