MAES GINO
ActiveMAES GINO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €471k and a net result of €61k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 8.06 against 11.54 in 2024; short-term debt: 12.4% and cash: 87.3% of total assets), and 12.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
87.6%
Return on assets
11.3%
Age of the figures
9 mo
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
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
100 d early
2023
58 d early
2022
66 d early
2021
68 d early
2020
71 d early
2019
67 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€471k▲ 14.8%
2024 · €410k
2018: €197k
2019: €222k
2020: €235k
2021: €251k
2022: €314k
2023: €348k
2024: €410k
2018 → 2025
Total assets
€537k▲ 19.7%
2024 · €449k
2018: €505k
2019: €560k
2020: €618k
2021: €674k
2022: €348k
2023: €373k
2024: €449k
2018 → 2025
Net result
€61k▼ 3.2%
2024 · €63k
2018: €54k
2019: €26k
2020: €12k
2021: €16k
2022: €63k
2023: €34k
2024: €63k
2018 → 2025
Working capital
€470k▲ 14.8%
2024 · €410k
2018: €184k
2019: €218k
2020: €228k
2021: €247k
2022: €313k
2023: €347k
2024: €410k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€314k▲ 25.2%€348k▲ 11.0%€410k▲ 17.8%€471k▲ 14.8%
Operating result€21k-€88k▲ 324%€48k▼ 46.1%€87k▲ 82.1%€89k▲ 3.2%
Net result€16k-€63k▲ 295%€34k▼ 45.4%€63k▲ 81.6%€61k▼ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €537k
Fixed assets
€252▼ 50.0%
Current assets
€537k▲ 19.7%
Equity and liabilities €537k
Equity
€471k▲ 14.8%
Debt
€67k▲ 71.5%
The debt ratio rises from 8.7% to 12.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €87k
Cash flow
€61k▼
2024 · €63k
Solvency
87.6%▼
2024 · 91.3%
Current ratio
8.06▼
2024 · 11.54
Quick ratio
8.06▼
2024 · 11.54
Debt / equity
0.14▲
2024 · 0.09
ROE
12.9%▼
2024 · 15.2%
ROA
11.3%▼
2024 · 13.9%
Interest coverage
323.03▼
2024 · 386.05
Debt
€67k▲
2024 · €39k
Debt ≤ 1 year
€67k▲
2024 · €39k
Income taxes
€29k▲
2024 · €24k
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€449k€537k▲
Fixed assets21/28€503€252▼
Tangible fixed assets22/27€503€252▼
Plant, machinery and equipment23€503€252▼
Current assets29/58€448k€537k▲
Amounts receivable within one year40/41€69k€66k▼
Trade receivables40€57k€60k▲
Other amounts receivable41€12k€7k▼
Cash at bank and in hand54/58€380k€469k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€449k€537k▲
Equity10/15€410k€471k▲
Contributions10/11€19k€19k=
Reserves13€391k€452k▲
Distributable reserves133€391k€452k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€39k€67k▲
Amounts payable within one year42/48€39k€67k▲
Trade debts44€245€6k▲
Suppliers440/4€245€6k▲
Taxes, remuneration and social security45€18k€43k▲
Taxes450/3€18k€28k▲
Remuneration and social security454/9-€15k
Other amounts payable47/48€20k€18k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€252€252=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€88k€91k▲
Operating profit (loss)9901€87k€89k▲
Financial income75/76B€56€222▲
Recurring financial income75€56€222▲
Financial charges65/66B€225€278▲
Recurring financial charges65€225€278▲
Profit (loss) for the period before taxes9903€86k€89k▲
Income taxes67/77€24k€29k▲
Profit (loss) for the period9904€63k€61k▼
Profit (loss) for the period to be appropriated9905€63k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€61k▼
Transfer to equity691/2€62k€61k▼
To other reserves6921€62k€61k▼
Profit to be distributed694/7€600€0▼
Directors or managers695€600€0▼
The notes to these accounts (5 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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €63k ▲295%
Net result €63k, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 10.01
Current ratio from 1.58 to 10.01; short-term debt falls from €423k to €35k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼51.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €222k ▲13%
2 profitable years in a row build equity to €222k.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Aalter · 1 establishment unit since 2009
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.
Bellemstraat 449880 AalterGround area
2,293 m²
Building footprint
324 m²
Volume, LiDAR
2,030 m³
Parcel 44502C0133/00T000, Flanders · tallest building 14.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bellemstraat 44, 9880 Aalter
since 20092.184.044.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0133/00T000 | Flanders | 2,292 m² | 1 · 324 m² | 14.7 m · 2 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.
Similar companies · same sector, comparable size
VERVAET B.
BE 0457.219.594
Halle · Eq €470k
WICKO
BE 0502.589.959
Kapellen · Eq €470k
SUNGATE
BE 0676.466.122
Machelen (Brab.) · Eq €472k
BOUWONDERNEMING KONINGS DANNY
BE 0867.069.934
Kapellen · Eq €472k
ROSART
BE 0457.260.671
Eghezée · Eq €472k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2009
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
42219Civil engineering
42911Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.