MAES
MAES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175k and a net result of €-128k. Equity is shrinking by ~127.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 52% of 293 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €175k |
| Net result | €-128k |
| Staff (FTE) | 1 |
| Better than sector | 52% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.5% | 33.9% | |
| Net result | €-128k | €22k | |
| Equity | €175k | €641k | |
| Gross operating margin | €-68k | €283k | |
| Staff costs | €43k | €214k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €-106k | €91k | €114k |
| Net profit | €-128k | €41k | €52k |
| Cash flow | €-107k | €61k | €97k |
| Staff costs | €43k | €41k | €37k |
| Income taxes | €242 | €8k | €220 |
| Dividends | - | €685k | - |
| Total assets | €493k | €1.44M | €1.88M |
| Equity | €175k | €303k | €947k |
| Debt | €195k | €1.00M | €785k |
| of which ≤ 1y | €195k | €1.00M | €313k |
| of which > 1y | - | - | €472k |
| Working capital | €208k | €335k | €1.12M |
| Employees (FTE) | 1.0 | 1.0 | 1.0 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.07 | 1.33 | 4.59 |
| Quick ratio | 1.69 | 1.25 | 4.32 |
| Working capital ratio | 42.2% | 23.3% | 59.8% |
| Solvency | 35.5% | 21.0% | 50.3% |
| Debt / equity | 1.11 | 3.30 | 0.83 |
| Long-term debt ratio | - | - | 0.50 |
| Interest coverage | -183.98 | 3.83 | 6.58 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -25.9% | 2.9% | 2.7% |
| ROE | -72.9% | 13.6% | 5.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €493k | €1.44M | €1.88M |
| Fixed assets | 21/28 | €90k | €104k | €443k |
| Tangible fixed assets | 22/27 | €90k | €104k | €443k |
| Current assets | 29/58 | €404k | €1.34M | €1.44M |
| Stocks & contracts in progress | 3 | €74k | €86k | €86k |
| Amounts receivable within one year | 40/41 | €309k | €1.09M | €1.27M |
| Cash & bank | 54/58 | €20k | €162k | €72k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €493k | €1.44M | €1.88M |
| Equity | 10/15 | €175k | €303k | €947k |
| Contributions / capital | 10/11 | €121k | €121k | €121k |
| Reserves | 13 | €54k | €60k | €19k |
| Accumulated profits (losses) | 14 | - | €122k | €807k |
| Provisions & deferred taxes | 16 | €123k | €136k | €149k |
| Amounts payable | 17/49 | €195k | €1.00M | €785k |
| Amounts payable after one year | 17 | - | - | €472k |
| Amounts payable within one year | 42/48 | €195k | €1.00M | €313k |
| Trade debts payable within one year | 44 | €159k | €303k | €248k |
| Income statement | ||||
| Gross operating margin | 9900 | €-68k | €1.10M | €159k |
| Operating result | 9901 | €-127k | €71k | €69k |
| Financial income | 75 | €83 | €1k | €126 |
| Financial charges | 65 | €576 | €24k | €17k |
| Result before taxes | 9903 | €-128k | €49k | €52k |
| Income taxes | 67/77 | €242 | €8k | €220 |
| Net result for the period | 9904 | €-128k | €41k | €52k |
| Result to be appropriated | 9905 | €-128k | €41k | €52k |
| NACE primary | Production of electricity from non-renewable sources(35110) |
| Legal form | Private limited company(610) |
| Incorporation | 26-06-2000 |
| Status | Active |
| Postal code | 3600 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00K034 | Flanders | 2,222 m² | 1 · 1,013 m² | 7.2 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-04-2024 FOEDERER DFK ACCOUNTANTS appointed as daily management
- FOEDERER DFK ACCOUNTANTS, Dagelijks bestuur
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "MAES Christ",
"address": null,
"birth_date": "1966-10-07",
"profession": null,
"birth_place": "Houthalen"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagelijks_bestuur",
"person": null,
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0466.466.268",
"name": "FOEDERER DFK ACCOUNTANTS",
"address": "Singelbeekstraat 12, 3500 Hasselt",
"country": "BE",
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Jelle van der WEIJ",
"firm_city": null,
"firm_name": null,
"office_city": "Genk",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-04-18",
"filing_date": "2024-04-16",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-04-03",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0472.188.872",
"name_full": "MAES",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jelle van der WEIJ",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"gecoordineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | MAES |