Maes
ActiveSummary
For Maes, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €73,807 and a net result of -€14,586. Equity is shrinking by ~13.3% per year across the filed fiscal years. The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability24▼-39
Solvency52▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 · 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 2023Solvency, return and age of the figures
Solvency
26.7%
Return on assets
-5.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-08-2024, 27 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
not confirmed
2024
not filed
2023
27 d late
2022
32 d early
2021
52 d early
2020
51 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 29 days before 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 (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€73,807▼ 16.5%
2022 · €88,393
Total assets
€276,095▼ 11.2%
2022 · €311,080
Net result
-€14,586▲ 4.2%
2022 · -€15,219
Working capital
-€179,463▲ 7.2%
2022 · -€193,396
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
Line20192020202120222023
Operating result-€4,461▼ 46.9%-€25,189▼ 465%-€11,104▲ 55.9%-€14,838▼ 33.6%-€14,586▲ 1.7%
Net result-€4,454-€25,253▼ 467%-€11,464▲ 54.6%-€15,219▼ 32.8%-€14,586▲ 4.2%
Equity€140,329▼ 3.1%€115,076▼ 18.0%€103,612▼ 10.0%€88,393▼ 14.7%€73,807▼ 16.5%
Total assets€442,068▼ 1.4%€386,855▼ 12.5%€351,686▼ 9.1%€311,080▼ 11.5%€276,095▼ 11.2%
Debt€301,739▼ 0.6%€271,778▼ 9.9%€248,074▼ 8.7%€222,688▼ 10.2%€202,288▼ 9.2%
Working capital-€252,291▲ 8.5%-€238,771▲ 5.4%-€207,833▲ 13.0%-€193,396▲ 6.9%-€179,463▲ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,586 in 2023 against €14,838 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €276,095
Fixed assets
€253,270 ▼ 10.1%
Current assets
€22,825 ▼ 22.1%
Equity and liabilities €276,095
Equity
€73,807 ▼ 16.5%
Debt
€202,288 ▼ 9.2%
Debt's share of the balance-sheet total rises from 71.6% to 73.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,934▼
2022 · €14,819
Cash flow
€13,934▼
2022 · €14,437
Current ratio
0.11▼
2022 · 0.13
Debt to equity
2.74▲
2022 · 2.52
ROE
-19.8%▼
2022 · -17.2%
ROA
-5.3%▼
2022 · -4.9%
Debt ≤ 1 year
€202,288▼
2022 · €222,688
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,103 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,121 | €38,773 | €31,505 | €29,656 | €28,519 | ▼ 3.8% |
| Other operating charges640/8 | - | - | €2,477 | €2,487 | - | - |
| Gross operating margin9900 | €37,162 | €16,627 | €22,878 | €17,306 | €13,934 | ▼ 19.5% |
| Operating profit (loss)9901 | -€4,461 | -€25,189 | -€11,104 | -€14,838 | -€14,586 | ▲ 1.7% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €444 | €103 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | €172 | €250 | - | - |
| Recurring financial charges65 | €129 | €141 | €172 | €250 | - | - |
| Profit (loss) for the period before taxes9903 | -€4,145 | -€25,226 | -€11,276 | -€15,088 | -€14,586 | ▲ 3.3% |
| Income taxes67/77 | €308 | €27 | €188 | €132 | - | - |
| Profit (loss) for the period9904 | -€4,454 | -€25,253 | -€11,464 | -€15,219 | -€14,586 | ▲ 4.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,454 | -€25,253 | -€11,464 | -€15,219 | -€14,586 | ▲ 4.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,068 | €386,855 | €351,686 | €311,080 | €276,095 | ▼ 11.2% |
| Fixed assets21/28 | €392,620 | €353,848 | €311,446 | €281,789 | €253,270 | ▼ 10.1% |
| Tangible fixed assets22/27 | €392,620 | €353,848 | €311,446 | €281,789 | €253,270 | ▼ 10.1% |
| Land and buildings22 | - | - | €292,557 | €266,697 | €235,443 | ▼ 11.7% |
| Plant, machinery and equipment23 | - | - | €18,888 | €15,092 | €17,827 | ▲ 18.1% |
| Current assets29/58 | €49,448 | €33,007 | €40,241 | €29,291 | €22,825 | ▼ 22.1% |
| Stocks and contracts in progress3 | €8,365 | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €116 | - | - |
| Trade receivables40 | - | - | - | €116 | - | - |
| Cash at bank and in hand54/58 | €40,915 | €32,115 | €39,803 | €28,796 | €22,446 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | - | - | €438 | €379 | €379 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,068 | €386,855 | €351,686 | €311,080 | €276,095 | ▼ 11.2% |
| Equity10/15 | €140,329 | €115,076 | €103,612 | €88,393 | €73,807 | ▼ 16.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €78,329 | €53,076 | €41,612 | €26,393 | €26,393 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | €14,874 | €14,874 | €14,874 | = |
| Distributable reserves133 | - | - | €20,539 | €5,319 | €5,319 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€14,586 | - |
| Amounts payable17/49 | €301,739 | €271,778 | €248,074 | €222,688 | €202,288 | ▼ 9.2% |
| Amounts payable within one year42/48 | €301,739 | €271,778 | €248,074 | €222,688 | €202,288 | ▼ 9.2% |
| Trade debts44 | €675 | - | €1,138 | - | - | - |
| Suppliers440/4 | - | - | €1,138 | - | - | - |
| Other amounts payable47/48 | - | - | €246,936 | €222,688 | €202,288 | ▼ 9.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,454 | -€25,253 | -€11,464 | -€15,219 | -€14,586 | ▲ 4.2% |
| + Depreciation and write-downs630 | €39,121 | €38,773 | €31,505 | €29,656 | €28,519 | ▼ 3.8% |
| Operating cash flow (approximation) | €34,668 | €13,520 | €20,041 | €14,437 | €13,934 | ▼ 3.5% |
| Investment in fixed assets (approximation) | - | €0 | €10,897 | €0 | €0 | - |
| Change in cash | - | -€8,800 | €7,688 | -€11,006 | -€6,350 | ▲ 42.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€25,253
Net result drops to -€25,253, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1979
Ground area
2,921 m²
Building footprint
348 m²
Volume, LiDAR
759 m³
2 parcels, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grote Kouterstraat(VRA) 151, 9120 Beveren-Kruibeke-Zwijndrecht
since 19792.036.155.308
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46012D0035/00D000 | Flanders | 2,154 m² | 1 · 194 m² | 6.8 m · 1 fl. |
| 46028C0586/00K000 | Flanders | 766 m² | 1 · 153 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-1979
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 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.