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MAEBAEY

Active
Private limited company (pre-2019)founded 200719 yrs activeLoopstraat 15, 2460 Kasterlee, BelgiumKBO/BCE: BE 0887.616.019
Summary

MAEBAEY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,012 and a net result of -€1,072. Equity is growing by ~10% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability31▼-43
Solvency90▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.69 against 2.24 in 2024; short-term debt: 35% and cash: 29.5% of total assets), and 35% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
65%
Return on assets
-2.5%
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 31-08-2026, 31 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
31 d late
2024
94 d late
2023
147 d late
2022
61 d late
2021
61 d late
2020
149 d late
2019
152 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 99 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 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

History

On 1 March 2007, MAEBAEY was incorporated.1 Total assets went from EUR 49,413 in 2018 to EUR 43,065 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€28,012▼ 3.7%
2024 · €29,084
Total assets
€43,065▼ 14.0%
2024 · €50,055
Net result
-€1,072
2024 · €7,308
Working capital
€25,512▼ 1.6%
2024 · €25,918
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€10,755€24,237-€4,495€7,189-€2,493
Net result-€10,962€24,009-€3,824€7,308-€1,072
Equity€1,590▼ 87.3%€25,600▲ 1,510%€21,776▼ 14.9%€29,084▲ 33.6%€28,012▼ 3.7%
Total assets€21,664▼ 48.5%€46,106▲ 113%€37,672▼ 18.3%€50,055▲ 32.9%€43,065▼ 14.0%
Debt€20,073▼ 32.0%€20,506▲ 2.2%€15,896▼ 22.5%€20,972▲ 31.9%€15,053▼ 28.2%
Working capital-€910€23,100€18,440▼ 20.2%€25,918▲ 40.6%€25,512▼ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2021: -€10,755-€10,755Net result 2021: -€10,962-€10,962Operating result 2022: €24,237€24,237Net result 2022: €24,009€24,009Operating result 2023: -€4,495-€4,495Net result 2023: -€3,824-€3,824Operating result 2024: €7,189€7,189Net result 2024: €7,308€7,308Operating result 2025: -€2,493-€2,493Net result 2025: -€1,072-€1,07220212022202320242025-€5,000€0€5,000Operating result 2023: -€4,495-€4,490Net result 2023: -€3,824-€3,820Operating result 2024: €7,189€7,190Net result 2024: €7,308€7,310Operating result 2025: -€2,493-€2,490Net result 2025: -€1,072-€1,070202320242025
The operating result turns negative in 2025: a loss of €2,493 after €7,189 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,065
Fixed assets €2,500 ▼ 21.0%
Current assets €40,565 ▼ 13.5%
Equity and liabilities €43,065
Equity €28,012 ▼ 3.7%
Debt €15,053 ▼ 28.2%
Debt's share of the balance-sheet total falls from 41.9% to 35.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.69▲
2024 · 2.24
Debt to equity
0.54▼
2024 · 0.72
ROE
-3.8%▼
2024 · 25.1%
ROA
-2.5%▼
2024 · 14.6%
Debt ≤ 1 year
€15,053▼
2024 · €20,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€50,055€43,065▼
Fixed assets21/28€3,166€2,500▼
Tangible fixed assets22/27€666-
Plant, machinery and equipment23€666-
Financial fixed assets28€2,500€2,500=
Current assets29/58€46,890€40,565▼
Amounts receivable within one year40/41€42,082€26,884▼
Trade receivables40€39,336€23,985▼
Other amounts receivable41€2,747€2,899▲
Cash at bank and in hand54/58€3,440€12,723▲
Deferred charges and accrued income490/1€1,367€957▼
Equity and liabilities
Total equity and liabilities10/49€50,055€43,065▼
Equity10/15€29,084€28,012▼
Contributions10/11€32,869€32,869=
Reserves13€3,287€3,287=
Non-distributable reserves130/1€3,287€3,287=
Reserves not available under the articles1311€3,287€3,287=
Profit (loss) carried forward14-€7,072-€8,144▼
Amounts payable17/49€20,972€15,053▼
Amounts payable within one year42/48€20,972€15,053▼
Trade debts44€15,785€12,058▼
Suppliers440/4€15,785€12,058▼
Other amounts payable47/48€5,187€2,995▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170-
Other operating charges640/8€118€916▲
Gross operating margin9900€7,477-€1,577▼
Operating profit (loss)9901€7,189-€2,493▼
Financial income75/76B€119€1,834▲
Recurring financial income75€119€1,834▲
Non-recurring financial income76B-€1,834
Financial charges65/66B-€413
Recurring financial charges65-€413
Profit (loss) for the period before taxes9903€7,308-€1,072▼
Profit (loss) for the period9904€7,308-€1,072▼
Profit (loss) for the period to be appropriated9905€7,308-€1,072▼
Appropriation of the result
Profit (loss) to be appropriated9906-€18,393-€8,144▲
Profit (loss) brought forward from the previous period14P-€25,701-€7,072▲
Transfer from equity791/2€11,321-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€14€170--
Other operating charges640/8€539€450€493€118€916▲ 676%
Non-recurring operating charges66A€176-----
Gross operating margin9900-€10,041€24,686-€3,987€7,477-€1,577▼ 121%
Operating profit (loss)9901-€10,755€24,237-€4,495€7,189-€2,493▼ 135%
Financial income75/76B-€11€671€119€1,834▲ 1,443%
Recurring financial income75-€11€537€119€1,834▲ 1,443%
Non-recurring financial income76B--€134-€1,834-
Financial charges65/66B€207€238--€413-
Recurring financial charges65€207€238--€413-
Profit (loss) for the period before taxes9903-€10,962€24,009-€3,824€7,308-€1,072▼ 115%
Profit (loss) for the period9904-€10,962€24,009-€3,824€7,308-€1,072▼ 115%
Profit (loss) for the period to be appropriated9905-€10,962€24,009-€3,824€7,308-€1,072▼ 115%
Line20212022202320242025Change
Assets
Total assets20/58€21,664€46,106€37,672€50,055€43,065▼ 14.0%
Fixed assets21/28€2,500€2,500€3,336€3,166€2,500▼ 21.0%
Tangible fixed assets22/27--€836€666--
Plant, machinery and equipment23--€836€666--
Financial fixed assets28€2,500€2,500€2,500€2,500€2,500=
Current assets29/58€19,164€43,606€34,337€46,890€40,565▼ 13.5%
Stocks and contracts in progress3€2,500€1,440----
Contracts in progress37€2,500€1,440----
Amounts receivable within one year40/41€13,291€34,361€24,812€42,082€26,884▼ 36.1%
Trade receivables40€11,362€30,413€23,154€39,336€23,985▼ 39.0%
Other amounts receivable41€1,928€3,949€1,658€2,747€2,899▲ 5.5%
Cash at bank and in hand54/58€2,421€6,813€8,232€3,440€12,723▲ 270%
Deferred charges and accrued income490/1€952€991€1,292€1,367€957▼ 30.0%
Equity and liabilities
Total equity and liabilities10/49€21,664€46,106€37,672€50,055€43,065▼ 14.0%
Equity10/15€1,590€25,600€21,776€29,084€28,012▼ 3.7%
Contributions10/11€32,869€32,869€32,869€32,869€32,869=
Reserves13€14,608€14,608€14,608€3,287€3,287=
Non-distributable reserves130/1€3,287€3,287€3,287€3,287€3,287=
Reserves not available under the articles1311€3,287€3,287€3,287€3,287€3,287=
Distributable reserves133€11,321€11,321€11,321---
Profit (loss) carried forward14-€45,886-€21,877-€25,701-€7,072-€8,144▼ 15.2%
Amounts payable17/49€20,073€20,506€15,896€20,972€15,053▼ 28.2%
Amounts payable within one year42/48€20,073€20,506€15,896€20,972€15,053▼ 28.2%
Trade debts44€6,751€7,544€3,148€15,785€12,058▼ 23.6%
Suppliers440/4€6,751€7,544€3,148€15,785€12,058▼ 23.6%
Other amounts payable47/48€13,322€12,963€12,749€5,187€2,995▼ 42.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€10,962€24,009-€3,824€7,308-€1,072▼ 115%
+ Depreciation and write-downs630--€14€170--
Operating cash flow (approximation)-€10,962€24,009-€3,809€7,478-€1,072▼ 114%
Investment in fixed assets (approximation)-€0-€850€0€666-
Change in cash-€4,392€1,419-€4,792€9,283▲ 294%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
02-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 94 days late
2024
31-12
Financial Back to profitnet €7,308
Net result €7,308 after one loss-making year.
25-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 147 days late
2023
30-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial Back to profitnet €24,009
Net result €24,009 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 2.13
Current ratio from 0.95 to 2.13.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Weakest financial yearnet -€10,962
Net result drops to -€10,962, the lowest in the series; recovery starts the following year.
27-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
2020
31-12
Financial Back to profitnet €448
Net result €448 after 2 loss-making years.
30-12
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 152 days late
Show earlier events
2019
30-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kasterlee · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
766 m²
Building footprint
111 m²
Volume, LiDAR
506 m³
Parcel 13038C0370/00B003, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAEBAEY
Loopstraat 15, 2460 KasterleeRaising of dairy cattle
since 20072.161.250.070
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13038C0370/00B003 Flanders 766 m² 1 · 111 m² 8.1 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded01-03-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.