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MAES

Active Private limited companyfounded 1991active for 35 yearsZandvliet 78, 2480 DesselKBO/BCE: BE 0443.770.941
MAES
Financial year 2025
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Annual accounts 2025

micro format, filed on 22-07-2026, 9 days before the deadline
€35,208
▲ €37,354
-€66,148
▼ €61,838
-€71,829
▼ €68,918
€108,972
▼ 46.8%
80.4%
▲ 1.4 percentage points
4.96
▼ 4.76

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €190,000. Estimated: probably between €120,000 and €250,000.

Balance sheet

balance sheet total €140,234 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

80.4%

Higher than 86% of 35,125 companies in 2025.

4.96

Higher than 85% of 34,499 companies in 2025.

-51.2%

Lower than 95% of 34,700 companies in 2025.

MAES Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 140,234233,587272,694233,721318,691271,275281,835252,714250,151235,093285,837282,872265,307208,385224,231219,289130,041105,824113,848107,967
21/28 3,7205,24612,63718,51733,99947,79063,72035,00042,00049,77857,81167,6208,60611,82922,62716,92422,52829,5107,84515,226
22/27 3,7205,24612,63718,51733,99947,79063,72035,00042,00049,77857,81167,6208,60611,82922,62716,92422,52829,5107,84515,226
22 0000--------242484725967----
23 270472675877-----7781,8111,2251,5751,0051,3982,2631,7932,4808811,880
24 3,4504,77411,9628,71016,13921,00028,00035,00042,00049,00056,00066,3956,78910,34120,50413,69420,73527,0306,96413,345
25 --08,93017,860---------------
29/58 136,514228,341260,057215,204284,692223,485218,115217,714208,151185,315228,027215,252256,700196,557201,604202,366107,51476,313106,00392,742
3 1,375-1,2458,359-----10,000---5,00030,000-10,000---
30/36 1,375-1,2458,359---------5,00010,000-3,000---
37 ---------10,000----20,000-7,000---
40/41 127,751183,044229,847182,842185,026121,944147,068173,317189,290163,889166,794107,620154,20492,679102,450146,63978,45258,47968,27685,710
40 100,746141,359148,715137,784151,10095,685103,043128,050139,729118,743132,59682,024146,16876,54482,792120,66638,13118,24440,80262,789
41 27,00541,68581,13245,05833,92726,25944,02645,26749,56145,14534,19725,5968,03516,13519,65825,97340,32140,23527,47422,921
54/58 5,2623,55212,99713,88095,80798,11067,60641,27816,6559,98861,233103,64497,51496,32167,43254,05416,94017,83437,7274,542
490/1 2,12741,74515,96910,1223,8593,4323,4413,1192,2051,438-3,9894,9822,5571,7221,6732,122--2,489
Balance sheet: equity and liabilities
10/49 140,234233,587272,694233,721318,691271,275281,835252,714250,151235,093285,837282,872265,307208,385224,231219,289130,041105,824113,848107,967
10/15 112,691184,520187,430221,138238,582231,011221,158236,985203,092207,523208,186185,977168,995142,800135,877128,65693,85588,88377,71159,515
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
11 -----18,600--------------
1109/19 -----18,600--------------
13 173,961173,961173,961219,982219,982212,411202,558218,385184,492187,204189,586165,395124,200117,277110,05675,25570,28359,11140,91527,889
130/1 ---1,8601,8601,860--------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---1,8601,8601,860--------------
133 173,961173,961173,961218,122218,122210,551200,698216,525182,632185,344187,726163,535122,340115,417108,19673,39568,42357,25139,05526,029
14 -79,870-8,041-5,131-17,444-----1,719-1,98326,1946,9247,22134,8014,97211,17218,19613,025
17/49 27,54349,06785,26412,58380,10940,26460,67715,72947,05927,56977,65296,89596,31265,58588,35490,63436,18616,94036,13748,453
17 ----9,50919,77829,937---6,03516,306------3,1049,069
170/4 ----9,50919,77829,937---6,03516,306------3,1049,069
42/48 27,54323,49785,26412,58369,66220,48730,74115,72947,05927,56966,88579,55844,00365,58588,35490,63436,18615,27533,03332,203
42 ---9,50910,26810,15910,051--6,03510,1169,680--8338338333,9376,7206,492
44 13,99818,50835,5342,18256,8196,1988,1603,04243,72117,48029,90651,61633,59247,86770,59426,50332,4753,80818,80120,020
440/4 13,99818,50835,5342,18256,8196,1988,1603,04243,72117,48029,90651,61633,59247,86770,59426,50332,4753,80818,80120,020
46 ---------------45,777----
45 13,5454,9893,7098922,5753,84412,14812,1482,7323,46426,16017,5469,69517,07116,23617,0402,8787,5307,5135,691
450/3 8,6752,3561,670892--12,14812,14893267419,19016,2639,3781,88416,17516,4411,0803,6416,1122,923
454/9 4,8702,6332,039-2,5753,844--1,8002,7906,9701,28431715,187626001,7983,8891,4002,767
47/48 --46,021--285381539605590703716716647690480----
492/3 -25,570--937-----4,7321,03152,309----1,665-7,181
Income statement
76A -14,780----4,0004,000------------
9900 35,208-2,14628,659-51127,15928,5962,17958,6205,28562,10490,83576,24499,02660,73244,14169,99419,69930,84332,30926,348
62 1,176-------9247,56046,29345,78938,89636,04520,1877,3232,459---
630 1,5271,15817,93016,49415,93515,93015,9307,0007,7788,03211,42711,3964,41711,38711,2698,1477,76614,3837,3807,790
631/4 ------------7,97318,321-------
640/8 1,0531,0051,0941,1771,0251,0491,1842,8729651,8561,2921,4231,3331,9111,2229831,9261,051604971
66A 97,600-------------------
9901 -66,148-4,3109,635-18,18210,19911,617-14,93648,748-3,5504,65631,82325,60836,06011,38911,46353,5407,54815,40924,32517,587
75/76B 1,5383,2533,6022,10113625-11--13474477693532-8022
75 1,5383,2533,6022,10113625-11--13474477693532-8022
65/66B 1222761454723516931262193631,5241,1351,7765212311,7704106837791,1981,252
65 1222761454723516931262193631,5241,1351,7765212311,7704106837791,1981,252
9903 -64,732-1,33213,092-16,5539,86211,549-15,06148,540-3,9133,13230,70123,88035,58311,2359,76253,1656,89814,63023,20616,357
67/77 7,0971,5787788922,2911,69676514,6485183,7948,4926,8979,3894,3122,54118,3641,9263,4575,0103,332
9904 -71,829-2,91012,314-17,4447,5719,853-15,82733,893-4,431-66222,20816,98326,1946,9247,22134,8014,97211,17218,19613,025
9905 -71,829-2,91012,314-17,4447,5719,853-15,82733,893-4,431-66222,20816,98326,1946,9247,22134,8014,97211,17218,19613,025
Appropriation of the result
9906 -79,870-8,041-5,131-17,4447,5719,853-15,82733,893-2,712-66224,19143,17733,11814,14542,02139,77216,14429,36931,22220,735
14P -8,041-5,131-17,444-----------------
791/2 --46,021---15,827-2,71226,194----------
691/2 ----7,5719,853-33,893-23,81324,19141,1946,9247,22134,8014,97211,17218,19613,0257,709
6921 ----7,5719,853-33,893-23,81324,19141,1946,9247,22134,8014,97211,17218,19613,0257,709
694/7 --46,021-----------------
694 --46,021-----------------
Social balance sheet
9087 ---------111110.9-----
Hours worked1013 ---------1,7521,6961,7281,5121,6321,644-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-07-2026 2026-00324031 PDF
31-12-2024 micro format 29-07-2025 2025-00334453 PDF
31-12-2023 micro format 29-07-2024 2024-00299011 PDF
31-12-2022 micro format 31-07-2023 2023-00302338 PDF
31-12-2021 micro format 11-08-2022 2022-20283225 PDF
31-12-2020 micro format 11-08-2021 2021-47700017 PDF
31-12-2019 micro format 03-07-2020 2020-25700576 PDF
31-12-2018 micro format 29-07-2019 2019-40200223 PDF
31-12-2017 micro format 17-07-2018 2018-34200341 PDF
31-12-2016 micro format 01-08-2017 2017-40800334 PDF
31-12-2015 abbreviated format 27-07-2016 2016-37100589 PDF
31-12-2014 abbreviated format 03-07-2015 2015-27300496 PDF
31-12-2013 abbreviated format 14-07-2014 2014-30600492 PDF
31-12-2012 abbreviated format 30-08-2013 2013-54100104 PDF
31-12-2011 abbreviated format 04-09-2012 2012-55200417 PDF
31-12-2010 abbreviated format 16-09-2011 2011-54800591 PDF
31-12-2009 abbreviated format 02-07-2010 2010-26700259 PDF
31-12-2008 abbreviated format 25-08-2009 2009-63100327 PDF
31-12-2007 abbreviated format 04-07-2008 2008-36100330 PDF
31-12-2006 abbreviated format 04-07-2007 2007-35200136 PDF
31-12-2005 abbreviated format 05-07-2006 2006-41105215 PDF
31-12-2004 abbreviated format 08-07-2005 2005-45101112 PDF
31-12-2003 abbreviated format 29-06-2004 2004-34801642 PDF
31-12-2002 abbreviated format 25-07-2003 2003-50403031 PDF
31-12-2001 abbreviated format 22-07-2002 2002-40402540 PDF
31-12-2000 abbreviated format 27-07-2001 2001-44205128 PDF
31-12-1999 abbreviated format 27-07-2000 2000-46704882 PDF
31-12-1998 abbreviated format 09-08-1999 1999-40301055 PDF
31-12-1997 abbreviated format 27-07-1998 1998-36201165 PDF
31-12-1996 abbreviated format 14-07-1997 1997-30105252 PDF
31-12-1995 abbreviated format 26-07-1996 1996-37101987 PDF
31-12-1994 abbreviated format 12-07-1995 1995-38804443 PDF
31-12-1993 abbreviated format 14-07-1994 1994-30001578 PDF
31-12-1992 abbreviated format 23-07-1993 1993-28304519 PDF
31-12-1991 abbreviated format 28-07-1992 1992-25104471 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-64,621-3,15227,565-1,68826,13427,54799455,7484,22812,68943,25037,00540,47622,77722,73261,68815,31429,79131,70525,378
-70,302-1,75230,244-95123,50625,78310340,8933,3477,37033,63528,37930,61118,31118,49042,94812,73725,55525,57720,815
02,12812,0501,0122,144044,6500001,61870,4101,19417,56216,9732,54378336,04801,363
1,710-9,445-883-81,927-2,30330,50426,32824,6236,667-51,245-42,4116,1291,19428,88913,37837,114-895-19,89233,184-
108,972204,844174,794202,620215,030202,999187,375201,985161,092157,745161,142135,694212,697130,972113,249111,73271,32761,03872,96960,538
80.4%79.0%68.7%94.6%74.9%85.2%78.5%93.8%81.2%88.3%72.8%65.7%63.7%68.5%60.6%58.7%72.2%84.0%68.3%55.1%
4.969.723.0517.104.0910.917.1013.844.426.723.412.715.833.002.282.232.975.003.212.88
4.919.723.0416.444.0910.917.1013.844.426.363.412.715.832.921.942.232.695.003.212.88
0.240.270.450.060.340.170.270.070.230.130.370.520.570.460.650.700.390.190.470.81
-63.7%-1.6%6.6%-7.9%3.2%4.3%-7.2%14.3%-2.2%-0.3%10.7%9.1%15.5%4.8%5.3%27.0%5.3%12.6%23.4%21.9%
-51.2%-1.2%4.5%-7.5%2.4%3.6%-5.6%13.4%-1.8%-0.3%7.8%6.0%9.9%3.3%3.2%15.9%3.8%10.6%16.0%12.1%
-527.90-11.43over 100-3.5874.51---------------

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€2,128€12,050€1,012€2,144
€1,527€1,158€17,930€16,494€15,935

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MAES

The operating result for 2025 is a loss of €66,148, larger than the loss of €4,310 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 21.0% to 19.6%. Equity and debt are lower.

Next steps

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