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MAES

Inactive KBO/BCE: BE 0408.220.342
MAES
Financial year 2017
Follow Report

Annual accounts 2017

full format, filed on 21-06-2018, 52 days late
€80.2m
▼ 14.2%
€959,009
▲ €1.9m
€2.5m
▲ 213%
€1.8m
▲ 462%
-12.6%
▼ 3.4 percentage points
0.73
▲ 0.01

Money flows

of every €100 of turnover, €0.35 remains as profit in 2017

Balance sheet

balance sheet total €14.9m on 30-09-2017
What the company ownsHow it is paid for

in €m

in €m

Staff

Men and women12% women

156.6 men and 21.5 women in full-time equivalents in 2017.

€39,337

Men €39,041, women €41,495 per full-time equivalent. Jobs differ, so this is not a pay gap.

-36 people

people who joined people who left

In 2017, 80 people joined and 116 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20172016201520142013201220112010200920072006
Balance sheet: assets
20/58 14.9m19.0m20.8m17.5m11.3m6.9m5.8m3.2m2.8m1.8m1.3m
20 390,490521,862378,139--------
21/28 4.7m6.4m8.3m4.4m3.8m1.1m952,133607,2161.1m323,493295,060
21 1.6m2.3m3.0m14,883-------
22/27 3.0m4.1m4.9m4.4m1.6m1.1m932,201587,446333,709323,191294,759
22 964,5051.3m1.3m1.5m-------
23 450,174646,7071.5m1.8m1.0m746,198550,364341,46140,30327,65719,327
24 354,844503,590572,616499,190368,132140,937172,72320,57635,74445,85773,791
25 -9,657---------
26 1.2m1.6m1.5m581,518174,440185,877209,115225,408257,662249,678201,641
28 50,81250,35750,35749,6222.3m20,58819,93219,770806,338301301
280/1 ----2.3m------
280 ----2.3m------
284/8 50,81250,35750,35749,62221,20420,58819,932----
284 6,5265,5095,5095,5095,1005,000-----
285/8 44,28644,84844,84844,11416,10415,58819,932----
29/58 9.9m12.0m12.5m13.1m7.5m5.8m4.9m2.5m1.7m1.5m985,314
3 5.8m6.3m8.1m8.6m4.6m3.1m2.5m911,768544,935338,087219,691
30/36 5.8m6.3m8.1m8.6m4.6m3.1m2.5m911,768544,935338,087219,691
34 5.8m6.3m8.1m8.6m4.6m3.1m2.5m----
40/41 1.7m3.2m2.5m4.1m2.3m1.8m1.6m1.5m939,619873,480692,763
40 1.7m2.5m2.0m3.6m2.0m1.6m1.1m879,133497,146496,964224,908
41 242666,978551,027579,028270,050227,273539,431611,363442,474376,516467,855
54/58 2.3m2.3m1.6m159,177658,255912,942827,736146,003216,645245,89860,364
490/1 98,141271,178208,895121,2504,2504,250-5573,9451,93912,496
Balance sheet: equity and liabilities
10/49 14.9m19.0m20.8m17.5m11.3m6.9m5.8m3.2m2.8m1.8m1.3m
10/15 -1.9m-1.7m-383,3012.2m1.1m826,735598,574306,648785,362787,224636,988
10/11 260,315-260,315260,315260,315260,315260,315260,31562,00062,00062,000
10 -260,315---------
100 260,315260,315260,315260,315260,315260,315260,315260,31562,00062,00062,000
12 68,433478,792488,551586,282-------
13 133,522133,522123,76326,03126,03126,03126,03120,000541,159541,159541,159
130 26,03226,03226,03126,03126,03126,03126,03120,0006,2006,2006,200
133 107,490107,49097,732-----534,959534,959534,959
14 -2.3m-2.6m-1.3m1.4m803,538540,389312,22826,333182,204184,06533,830
16 10,010162,261100,382-------99,578
160/5 10,010162,261100,382-------99,578
163 -162,261---------
164/5 10,010-100,382--------
17/49 16.8m20.6m21.1m15.2m10.3m6.1m5.2m2.8m2.1m995,672543,808
17 3.3m3.9m5.4m2.0m1.0m530,429759,428699,730797,214182,784230,924
170/4 3.3m3.9m5.4m2.0m1.0m530,429759,428699,730797,214182,784230,924
173 3.3m3.7m5.1m2.0m1.0m530,429759,428----
174 -170,000330,000--------
42/48 13.4m16.6m15.6m13.2m9.2m5.6m4.5m2.1m1.3m810,612311,247
42 1.1m1.6m1.8m923,854714,013228,999254,272172,282139,05748,14037,325
43 4.8m5.9m5.9m5.3m4.2m2.2m1.7m710,648225,000--
430/8 4.8m5.9m5.9m5.3m4.2m2.2m1.7m710,648225,000--
44 1.5m6.3m5.6m4.8m2.3m2.0m1.7m832,009828,939660,589227,579
440/4 1.5m6.3m5.6m4.8m2.3m2.0m1.7m832,009828,939660,589227,579
46 ------5421,7271,5951,041203
45 2.9m2.8m2.3m2.2m1.3m1.1m764,190431,56964,901100,84346,139
450/3 1.8m1.3m1.5m1.1m702,208760,916499,409218,00910,50060,31115,616
454/9 1.1m1.5m779,6621.1m638,595377,971264,782213,56054,40140,53130,524
47/48 3.1m---712,27437,500-----
492/3 -43,03323,8117,91620,4922,5931,8301,4263,1222,2751,636
Income statement
70/76A 80.8m94.4m125.5m80.3m39.4m29.6m20.4m----
70 80.2m93.4m124.7m79.5m38.8m29.2m20.1m----
74 -893,035---------
76A 53,61835,63336,01940812446,742826-901--
9900 -------1.5m572,236396,167225,609
60/66A 79.8m95.3m127.5m79.2m38.8m28.8m19.8m----
60 67.2m78.6m106.3m66.2m32.6m24.7m16.7m----
600/8 66.5m-104.4m67.1m34.2m25.4m18.3m----
609 672,5501.9m1.9m-852,224-1.6m-657,139-1.6m----
61 4.1m5.6m7.6m5.0m2.5m1.9m1.4m----
62 7.0m9.2m11.6m7.4m3.1m1.9m1.4m1.2m396,929217,283174,857
630 1.5m1.7m2.0m919,101482,039294,031223,562125,831108,70280,96968,358
631/4 -178,671-3,653103,150-519,44579,72132,66897,23150,207-17,79420,233-7,444
635/8 -152,25161,87958,111-------99,578-
640/8 141,176233,800225,216186,81259,85429,97322,22910,80213,8855,2415,609
649 --236,710-388,440--------
66A 183,542175,786194,451276,647134,603137,82180,6252,220-2,000200
9901 959,009-894,055-2.0m1.1m658,902776,572549,733148,30770,514172,020-15,771
75/76B 48,375-410,459348,675186,322146,970108,51867,26514,41413,26215,867
75 48,375187,526410,459348,675186,322146,970108,51867,26514,41413,26215,867
751 59910,43317,30511,33441,57817,75628,822----
752/9 47,776177,093393,153337,341144,744129,21379,696----
65/66B 726,829651,697881,514505,476270,099184,233137,995110,06144,88716,6739,291
65 491,743651,697881,514505,476270,099184,233137,995110,06144,88716,6739,291
650 258,359373,211485,551246,738165,210108,96873,989----
652/9 233,384278,486395,964258,739104,88975,26564,006----
66B 235,086----------
9903 280,555-1.4m-2.6m665,110440,646648,230440,456103,29140,942166,609-9,395
67/77 -4,6125,685469,817177,498260,069148,53054,69042,80316,373-
670/3 -4,6127,137469,817177,498260,069148,530----
77 --1,451--------
9904 280,555-1.4m-2.6m195,294263,149388,161291,92648,601-1,862150,235-9,395
9905 280,555-1.4m-2.6m195,294263,149388,161291,92648,601-1,862150,235-9,395
Appropriation of the result
9906 -2.3m-2.6m-1.3m998,832803,538700,389318,260230,805182,204184,06533,830
14P --1.3m---------
791/2 ---372,981-------
792 ---372,981-------
691/2 ------6,031204,472---
6920 ------6,0314,600---
6921 -------199,872---
694/7 -----160,000-----
694 -----160,000-----
Social balance sheet
9087 178.1216.5209190.177.550.637.329.686.14.5
Men (FTE)1003 156.6-182.5165.562.9------
Women (FTE)1003 21.5-26.524.514.6------
Agency workers1501 ---0.51.66.12.8----
Hours worked1013 307,135-522,678328,063134,84088,62762,62247,81213,89210,6787,780
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The accounts for 29 older financial years (1977-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2017 (PDF), filed on 21-06-2018.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2017 annual accounts filed 52 days after the deadline. Filed on 21 June 2018, deadline 30 April 2018 (7 months after the close on 30 September 2017, Companies Code art. 3:10). Source: NBB, 2018-21800464.

Financial year Type Filed Reference Document
30-09-2017 full format 21-06-2018 2018-21800464 PDF
30-09-2016 full format 20-03-2017 2017-06700369 PDF
30-09-2015 full format 27-04-2016 2016-11200432 PDF
31-03-2014 full format 25-09-2014 2014-60400415 PDF
31-03-2013 full format 18-10-2013 2013-63300591 PDF
31-03-2012 full format 13-09-2012 2012-56400044 PDF
31-03-2011 full format 14-09-2011 2011-54400592 PDF
31-03-2010 abbreviated format 14-09-2010 2010-54300338 PDF
31-03-2009 abbreviated format 28-10-2009 2009-83100165 PDF
31-12-2007 abbreviated format 08-04-2008 2008-10200319 PDF
31-12-2006 abbreviated format 24-08-2007 2007-60700131 PDF
31-12-2005 abbreviated format 13-06-2007 2007-21300101 PDF
31-12-2004 abbreviated format 05-07-2005 2005-42302509 PDF
31-12-2003 abbreviated format 05-10-2004 2004-71003835 PDF
31-12-2002 abbreviated format 07-07-2003 2003-40400630 PDF
31-12-2001 abbreviated format 04-10-2002 2002-63003189 PDF
31-12-2000 abbreviated format 24-07-2001 2001-41702861 PDF
31-12-1999 abbreviated format 20-07-2000 2000-44601678 PDF
31-12-1998 abbreviated format 01-09-1999 1999-43801012 PDF
31-12-1997 abbreviated format 15-07-1998 1998-33200999 PDF
31-12-1996 abbreviated format 05-08-1997 1997-36304402 PDF
31-12-1995 abbreviated format 03-07-1996 1996-30500309 PDF
31-12-1994 abbreviated format 28-06-1995 1995-31001300 PDF
31-12-1993 abbreviated format 18-08-1994 1994-36400349 PDF
31-12-1992 abbreviated format 30-09-1993 1993-38003682 PDF
31-12-1991 abbreviated format 15-07-1992 1992-22403116 PDF
31-12-1990 abbreviated format 31-10-1991 1991-29700728 PDF
31-12-1989 abbreviated format 18-07-1990 1990-18300254 PDF
31-12-1988 abbreviated format 11-08-1989 1989-20202502 PDF
31-12-1987 abbreviated format 09-08-1988 1988-18500323 PDF
31-12-1986 abbreviated format 10-08-1987 1987-20000467 PDF
31-12-1985 abbreviated format 25-08-1986 1986-36002294 PDF
31-12-1984 full format 12-07-1985 1985-23501158 PDF
31-12-1983 unclassified schema 13-07-1984 1984-10300439 PDF
31-12-1982 unclassified schema 14-07-1983 1983-09600942 PDF
31-12-1981 unclassified schema 07-07-1982 1982-08601879 PDF
31-12-1980 unclassified schema 07-07-1981 1981-08501380 PDF
31-12-1979 unclassified schema 04-07-1980 1980-08100230 PDF
31-12-1978 unclassified schema 29-06-1979 1979-07302098 PDF
31-12-1977 unclassified schema 07-07-1978 1978-05600921 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20172016201520142013201220112010200920072006
2.5m785,83310,6092.0m1.1m1.1m773,295274,138179,217252,98952,587
1.8m317,050-624,5641.1m745,188682,192515,489174,432106,841231,20558,963
63,458787,6546.1m1.8m3.2m497,295581,04097,061925,256109,402242,508
9,909651,7881.5m-499,077-254,68885,206681,733-70,642-185,534-
-3.6m-4.6m-3.1m-146,704-1.7m257,582407,698400,589445,652648,791674,066
1.2%-1.0%-1.6%1.4%1.7%2.7%2.7%----
-12.6%-9.2%-1.8%12.8%9.6%11.9%10.3%9.7%27.6%44.2%49.8%
0.730.720.800.990.811.051.091.191.351.803.17
0.300.350.280.340.320.490.540.760.921.382.46
---6.799.407.398.749.292.621.260.85
---8.7%24.1%47.0%48.8%15.8%-0.2%19.1%-1.5%
1.9%-7.2%-12.6%1.1%2.3%5.6%5.0%1.5%-0.1%8.4%-0.7%
9.522.110.028.186.919.8210.45----
8 days10 days6 days16 days19 days20 days19 days----
8 days28 days18 days25 days23 days27 days35 days----

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By geographic market 2015

  • binnenland €124,707,503100.0%

Source: 2015 accounts, page 23, filing 2016-11200432

All years (2014 to 2015)
By geographic market20142015
binnenland€79,506,503€124,707,503

Securities and guarantees

on own assets and for others
Item30-09-2016
Debts secured on the company's own assets€10.8m

Source: notes to the 2016 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-2016
Tangible fixed assets€787,654
€1.7m

Source: notes to the 2016 annual accounts (statement of fixed assets)

Auditor

fees
Item30-09-2016
Fee for the audit€22,500

Source: notes to the 2016 annual accounts (relations with the auditor)

Insights on MAES

The operating result for 2017 is a profit of €959,009, after a loss of €894,055 in 2016. It is the highest result since 2014.

Equity is negative. Debt (€16.8m) exceeds the balance-sheet total (€14.9m).

Large changes and their cause
  • 2015 Turnover +57% on 2014. This financial year ran 18 months, the previous one 12.

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