MAES GINO (0821.390.159): financials and annual accounts

MAES GINO

Aalter ·KBO/BCE: BE 0821.390.159

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	537,248	448,937	372,655	348,418	674,010	617,798	559,982	505,097	419,154	346,129	249,047	183,160	130,522	113,950	112,723	114,828
Fixed assets`21/28`	252	503	755	1,006	3,903	6,801	12,970	19,415	26,164	31,462	38,795	45,923	27,854	26,572	554	291
Tangible fixed assets`22/27`	252	503	755	1,006	3,903	6,801	12,970	19,415	26,164	31,462	38,795	45,923	27,854	26,572	554	291
Plant, machinery and equipment`23`	252	503	755	1,006	3,798	6,589	12,338	18,087	25,085	30,442	37,141	44,522	26,363	26,216	554	291
Furniture and vehicles`24`	-	-	-	0	106	211	632	1,328	1,079	1,020	1,653	1,400	1,491	356	-	-
Current assets`29/58`	536,996	448,434	371,900	347,412	670,106	610,997	547,012	485,682	392,990	314,667	210,252	137,237	102,668	87,378	112,169	114,538
Amounts receivable within one year`40/41`	66,162	68,520	74,502	93,740	42,154	46,186	95,009	123,388	65,422	26,369	49,846	32,737	35,724	34,821	58,904	62,561
Trade receivables`40`	59,566	56,905	57,684	83,796	33,621	32,954	74,204	101,620	47,357	14,882	28,076	25,035	30,102	28,094	58,904	60,001
Other amounts receivable`41`	6,597	11,615	16,818	9,944	8,533	13,232	20,805	21,769	18,065	11,487	21,770	7,701	5,622	6,727	-	2,560
Cash at bank and in hand`54/58`	469,160	379,914	297,398	253,672	627,952	564,811	452,002	362,293	327,569	288,298	160,406	104,437	66,909	52,488	53,134	51,911
Deferred charges and accrued income`490/1`	1,673	-	-	-	-	-	-	-	-	-	-	63	35	69	132	66
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	537,248	448,937	372,655	348,418	674,010	617,798	559,982	505,097	419,154	346,129	249,047	183,160	130,522	113,950	112,723	114,828
Equity`10/15`	470,626	410,087	348,151	313,720	250,633	234,656	222,301	196,687	158,175	124,127	82,592	73,058	70,389	63,111	60,898	40,709
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	452,026	391,487	329,551	295,120	232,033	216,056	203,701	178,087	139,575	105,527	63,992	54,458	51,789	44,511	42,298	22,109
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	452,026	391,487	329,551	293,260	230,173	214,196	201,841	176,227	137,715	103,667	62,132	52,598	49,929	42,651	40,438	20,249
Profit (loss) carried forward`14`	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	66,622	38,850	24,504	34,698	423,376	383,141	337,682	308,410	260,979	222,002	166,455	110,101	60,133	50,839	51,825	74,120
Amounts payable within one year`42/48`	66,622	38,850	24,504	34,698	423,376	383,141	329,421	301,767	255,766	218,534	163,255	106,933	58,606	49,559	50,487	74,050
Trade debts`44`	6,066	245	349	3,132	5,828	1,955	1,183	4,489	8,152	4,274	6,621	219	3,472	2,429	16,749	1,666
Suppliers`440/4`	6,066	245	349	3,132	5,828	1,955	1,183	4,489	8,152	4,274	6,621	219	3,472	2,429	16,749	1,666
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,611
Taxes, remuneration and social security`45`	42,910	18,451	24,156	19,978	3,000	1,000	4,540	9,694	7,832	11,021	1,809	1,955	1,629	965	6,317	7,741
Taxes`450/3`	27,790	18,451	24,156	19,978	3,000	1,000	4,540	9,694	7,832	11,021	1,809	1,955	1,629	965	6,317	7,741
Remuneration and social security`454/9`	15,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	17,646	20,153	0	11,588	414,548	380,187	323,697	287,583	239,783	203,238	154,825	104,759	53,505	46,165	27,421	29,033
Accrued charges and deferred income`492/3`	-	-	-	-	-	0	8,261	6,643	5,213	3,469	3,200	3,168	1,527	1,280	1,338	69
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	25	-	-	-	-	-	-
Gross operating margin`9900`	91,042	88,127	49,540	92,873	25,557	23,645	52,442	82,383	68,676	77,462	28,877	18,322	17,722	7,328	31,720	31,680
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	252	252	252	2,897	2,897	6,170	6,445	7,693	8,639	8,255	8,284	7,899	3,998	347	357	159
Other operating charges`640/8`	1,357	1,219	1,713	1,721	1,855	1,746	1,737	1,676	1,617	1,736	3,805	3,182	3,137	3,120	3,102	1,679
Operating profit (loss)`9901`	89,434	86,656	47,576	88,254	20,805	15,730	44,260	73,013	58,420	67,470	16,788	7,242	10,587	3,861	28,262	29,841
Financial income`75/76B`	222	56	167	29	39	6	48	12	638	23	25	91	154	236	228	225
Recurring financial income`75`	222	56	167	29	39	6	48	12	638	23	25	91	154	236	228	225
Financial charges`65/66B`	278	225	135	218	672	96	12,094	9,561	7,537	5,047	4,481	4,379	2,213	1,884	1,866	205
Recurring financial charges`65`	278	225	135	218	672	96	12,094	9,561	7,537	5,047	4,481	4,379	2,213	1,884	1,866	205
Profit (loss) for the period before taxes`9903`	89,378	86,487	47,608	88,065	20,172	15,639	32,214	63,464	51,522	62,447	12,333	2,954	8,527	2,213	26,623	29,861
Income taxes`67/77`	28,839	23,950	13,177	24,978	4,195	3,283	6,601	9,952	17,474	20,912	2,799	296	1,250	-	6,434	7,752
Profit (loss) for the period`9904`	60,539	62,537	34,431	63,087	15,977	12,356	25,614	53,512	34,048	41,535	9,533	2,658	7,277	2,213	20,189	22,109
Profit (loss) for the period to be appropriated`9905`	60,539	62,537	34,431	63,087	15,977	12,356	25,614	53,512	34,048	41,535	9,533	2,658	7,277	2,213	20,189	22,109
Appropriation of the result
Profit (loss) to be appropriated`9906`	60,539	62,537	34,431	63,087	15,977	12,356	25,614	53,512	34,048	41,535	9,533	2,658	7,277	2,213	20,189	22,109
Transfer to equity`691/2`	60,539	61,937	34,431	63,087	15,977	12,356	25,614	38,512	34,048	41,535	9,533	2,658	7,277	2,213	20,189	22,109
To the legal reserve`6920`	-	-	0	63,087	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	60,539	61,937	34,431	0	15,977	12,356	25,614	38,512	34,048	41,535	9,533	2,658	7,277	2,213	20,189	20,249
Profit to be distributed`694/7`	0	600	-	-	-	-	-	15,000	-	-	-	-	-	-	-	-
Directors or managers`695`	0	600	-	-	-	-	-	15,000	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-05-2026	2026-00118003	PDF
31-12-2024	micro format	22-04-2025	2025-00072425	PDF
31-12-2023	micro format	03-06-2024	2024-00105227	PDF
31-12-2022	micro format	26-05-2023	2023-00095132	PDF
31-12-2021	micro format	24-05-2022	2022-20039814	PDF
31-12-2020	micro format	21-05-2021	2021-15000084	PDF
31-12-2019	micro format	25-05-2020	2020-12800253	PDF
31-12-2018	micro format	20-05-2019	2019-13500347	PDF
31-12-2017	micro format	15-05-2018	2018-12900371	PDF
31-12-2016	micro format	19-05-2017	2017-12600267	PDF
31-12-2015	abbreviated format	30-05-2016	2016-13700590	PDF
31-12-2014	abbreviated format	21-05-2015	2015-12700135	PDF
31-12-2013	abbreviated format	03-06-2014	2014-14700316	PDF
31-12-2012	abbreviated format	17-05-2013	2013-12400206	PDF
31-12-2011	abbreviated format	14-05-2012	2012-11600031	PDF
31-12-2010	abbreviated format	31-05-2011	2011-13800378	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	89,685	86,908	47,828	91,151	23,702	21,899	50,705	80,706	67,060	75,725	25,072	15,140	14,585	4,208	28,618	30,001
Cash flow	60,790	62,788	34,682	65,984	18,874	18,525	32,058	61,205	42,687	49,790	17,818	10,557	11,275	2,561	20,546	22,268
Investment in fixed assets (approximation)	0	0	0	0	0	0	0	945	3,341	922	1,156	25,967	5,280	26,366	620	450
Change in cash	89,247	82,515	43,726	-374,280	63,141	112,809	89,709	34,725	39,271	127,892	55,969	37,529	14,421	-646	1,222	-
Working capital	470,374	409,584	347,396	312,714	246,730	227,856	217,591	183,915	137,224	96,134	46,997	30,304	44,062	37,819	61,682	40,487
Solvency	87.6%	91.3%	93.4%	90.0%	37.2%	38.0%	39.7%	38.9%	37.7%	35.9%	33.2%	39.9%	53.9%	55.4%	54.0%	35.5%
Current ratio	8.06	11.54	15.18	10.01	1.58	1.59	1.66	1.61	1.54	1.44	1.29	1.28	1.75	1.76	2.22	1.55
Debt to equity	0.14	0.09	0.07	0.11	1.69	1.63	1.52	1.57	1.65	1.79	2.02	1.51	0.85	0.81	0.85	1.82
ROE	12.9%	15.2%	9.9%	20.1%	6.4%	5.3%	11.5%	27.2%	21.5%	33.5%	11.5%	3.6%	10.3%	3.5%	33.2%	54.3%
ROA	11.3%	13.9%	9.2%	18.1%	2.4%	2.0%	4.6%	10.6%	8.1%	12.0%	3.8%	1.5%	5.6%	1.9%	17.9%	19.3%
Interest coverage	over 100	over 100	over 100	over 100	35.25	-	-	-	-	-	-	-	-	-	-	-

MAES GINO

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency87.6%

Current ratio8.06

Return on assets11.3%

Filed annual accounts

Filings

Key figures and ratios

Insights on MAES GINO

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