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Maes Heating Service

Active
Private limited companyfounded 2021active for 5 yearsSteegsebaan 180, 2490 Balen, BelgiumKBO/BCE: BE 0772.566.990
Summary

Maes Heating Service has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175,093 and a net result of €37,677. Equity has been growing by about 28% per year since 2022. Its solvency ranks better than 72% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 16-08-2021 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 3 others
Establishment unit
2.320.452.311 2490 Balen, since 16-08-2021
Financial year end
31 December
Peppol
Reachable since 31-10-2023

Board and ownership

Board
  • Maes SenneDirector · since 16-08-2021

Financial position

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€88,377
▲ 6.9%
Turnover
≈ €340,000
estimated
Profit
€37,677
▼ 14.5%
Equity
€175,093
▲ 1.4%
Total assets
€260,135
▼ 4.6%
Score breakdownraises riskFounded in 2021Size: total assets €260,135lowers riskLiquidity: current ratio 4.41, cash €35,456Equity €175,093 (67.3% of total assets)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 92+4
equity 67.3% of total assets
Liquidity 64+2
short-term debt 14.2% · cash 13.6%
Profitability 87-2
return on assets 14.5%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.8%highest value 01-2025: 0.7%▼ -0.1 percentage points vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.6%▼ -0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.5%▼ -0.1 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.4%▼ -0.1 percentage points vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.41 (2.98 in 2024), above the usual 1.5. Short-term debt is 14.2% and cash 13.6% of total assets. 32.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 73% of them on solvency, 63% on liquidity, 72% on profitability and 39% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.41, cash €35,456
NBB · annual accounts
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €175,093 (67.3% of total assets)
NBB · annual accounts
raises risk · Size: total assets €260,135
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
28 days early
2024
30 days early
2023
14 days early
2022
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 19 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 80% of companies in specialised constructionsector median €57,775 · 34,958 companies €175,093 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Incorporation
All 8 events

Comparable companies

These companies have the same main activity as Maes Heating Service: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €236,000 and €285,000, founded between 2020 and 2022.

CompanyTotal assetsGross margin
Maes Heating Service Balen€260,135€88,377
VERBRUGGEN TOMMY Puurs-Sint-Amands€242,563€85,773
Bugabel Beveren-Kruibeke-Zwijndrecht€284,762€98,936
AXICHAUFF Charleroi€260,830€104,391
MATHIAAV Erpe-Mere€262,611€76,340
Fierens Frederik Wielsbeke€238,413€89,091
BB-Rebuild Zutendaal€235,800€98,719
Full comparison

Key facts about Maes Heating Service

What is the company number of Maes Heating Service?
The company number of Maes Heating Service is 0772.566.990. The VAT number is the same number with BE in front: BE 0772.566.990.
Where is Maes Heating Service based?
The registered office is at Steegsebaan 180, 2490 Balen.Company details
What does Maes Heating Service do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of Maes Heating Service?
The legal form of Maes Heating Service is Private limited company (BV).
When was Maes Heating Service founded?
Maes Heating Service was founded on 16-08-2021.
Is Maes Heating Service still active?
Yes, Maes Heating Service is an active enterprise in the KBO register.
What is the turnover of Maes Heating Service?
The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €88,377 and 30 comparable companies (NACE 43222). It probably lies between €270,000 and €470,000.Financials
Is Maes Heating Service profitable?
In financial year 2025, Maes Heating Service made a profit of €37,677.
Where can I find the annual accounts of Maes Heating Service?
Maes Heating Service filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Maes Heating Service due?
Maes Heating Service must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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