Maes
ActiveMaes has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €22k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +34 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+69
Solvency63▲+13
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.38 in 2024), and 66.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
33.8%
Return on assets
4.7%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
14 d early
2022
23 d early
2021
9 d late
2020
23 d late
2019
29 d early
← 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
15-09-2026 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
€22k
2024 · €-7k
2018: €20k
2019: €3k
2020: €-7k
2021: €-12k
2022: €6k
2023: €38k
2024: €-7k
2018 → 2025
Working capital
€42k▼ 2.5%
2024 · €43k
2018: €88k
2019: €82k
2020: €82k
2021: €73k
2022: €97k
2023: €111k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€299k-€305k▲ 2.0%€322k▲ 5.7%€136k▼ 57.9%€157k▲ 16.0%
Operating result€1k-€17k▲ 1,615%€58k▲ 237%€7k▼ 88.4%€49k▲ 629%
Net result€-12k-€6k€38k▲ 543%€-7k€22k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 629% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465k
Fixed assets
€328k▼ 5.4%
Current assets
€136k▼ 12.8%
Equity and liabilities €465k
Equity
€157k▲ 16.0%
Debt
€308k▼ 16.4%
The debt ratio falls from 73.1% to 66.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€91k▲
2024 · €58k
Cash flow
€64k▲
2024 · €45k
Solvency
33.8%▲
2024 · 26.9%
Current ratio
1.44▲
2024 · 1.38
Quick ratio
1.41▲
2024 · 1.22
Debt / equity
1.96▼
2024 · 2.72
ROE
13.8%▲
2024 · -4.9%
ROA
4.7%▲
2024 · -1.3%
Interest coverage
6.71▲
2024 · 4.36
Debt
€308k▼
2024 · €368k
Debt ≤ 1 year
€95k▼
2024 · €114k
Debt > 1 year
€213k▼
2024 · €254k
Income taxes
€14k▲
2024 · €97
Staff costs
€135k▲
2024 · €92k
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€504k€465k▼
Fixed assets21/28€347k€328k▼
Tangible fixed assets22/27€347k€328k▼
Land and buildings22€273k€254k▼
Plant, machinery and equipment23€27k€25k▼
Furniture and vehicles24€46k€49k▲
Financial fixed assets28€705€705=
Current assets29/58€156k€136k▼
Stocks and contracts in progress3€18k€2k▼
Stocks30/36€18k€2k▼
Amounts receivable within one year40/41€134k€57k▼
Trade receivables40€75k€55k▼
Other amounts receivable41€59k€2k▼
Cash at bank and in hand54/58€4k€77k▲
Deferred charges and accrued income490/1€0€465▲
Equity and liabilities
Total equity and liabilities10/49€504k€465k▼
Equity10/15€136k€157k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€65k€65k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€8k€29k▲
Amounts payable17/49€368k€308k▼
Amounts payable after more than one year17€254k€213k▼
Financial debts170/4€254k€213k▼
Amounts payable within one year42/48€114k€95k▼
Current portion of amounts payable after more than one year42€43k€42k▼
Trade debts44€65k€40k▼
Suppliers440/4€65k€40k▼
Taxes, remuneration and social security45€5k€13k▲
Taxes450/3€88€9k▲
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€187
Income statement
Code20242025
Non-recurring operating income76A€17k€248▼
Remuneration, social security and pensions62€92k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€42k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€13k€13k▼
Gross operating margin9900€164k€239k▲
Operating profit (loss)9901€7k€49k▲
Financial income75/76B€227€248▲
Recurring financial income75€227€248▲
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€-6k€36k▲
Income taxes67/77€97€14k▲
Profit (loss) for the period9904€-7k€22k▲
Profit (loss) for the period to be appropriated9905€-7k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€29k▲
Profit (loss) brought forward from the previous period14P€14k€8k▼
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90871.72.6▲
The notes to these accounts (9 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €150kEq €157k ▲16%
Equity rises from €136k to €157k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €38k ▲543%
Operating result €58k, net result €38k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Beringen · 1 establishment unit since 1988
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.
Genebroekstraat 1053581 BeringenGround area
9,044 m²
Building footprint
1,175 m²
Volume, LiDAR
8,876 m³
Parcel 71005B1387/00D000, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Genebroekstraat 105, 3581 Beringen
since 19882.036.999.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005B1387/00D000 | Flanders | 9,043 m² | 1 · 1,175 m² | 8.5 m · 3 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
2022 to 2025 · 2 entries · 2,612 EUR awarded · 2,544 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 362 EUR | 294 EUR |
| 2022 | 1 | 2,250 EUR | 2,250 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 8,403 companies in sector 43120 we hold annual accounts for 3,206. 2,616 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1988
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
49410Freight transport by road
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52481
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.