MAES LUC
ActiveSummary
MAES LUC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €4k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73=
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.97 against 4.44 in 2023; short-term debt: 7.6% and cash: 1.4% of total assets), and 7.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
85 d late
2022
120 d late
2021
4 d late
2020
38 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€145k▼ 27.2%
2019 · €200k
2018: €191k
2019: €200k▲ +4.4% vs 2018highest in 3 years
2020: €145k▼ -27.2% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
9.8%▼ 3.0pp
2019 · 12.8%
2018: 21.3%highest in 3 years
2019: 12.8%▼ -39.8% vs 2018
2020: 9.8%▼ -23.5% vs 2019lowest in 3 years
2018 → 2020
Net result
€4k▲ 6.1%
2023 · €3k
2018: €32khighest in 7 years
2019: €18k▼ -44.0% vs 2018
2020: €10k▼ -47.4% vs 2019
2021: €-8k▼ -181% vs 2020lowest in 7 years
2022: €5k▲ +165% vs 2021
2023: €3k▼ -33.1% vs 2022
2024: €4k▲ +6.1% vs 2023
2018 → 2024
Working capital
€31k▲ 2.9%
2023 · €30k
2018: €8klowest in 7 years
2019: €23k▲ +198% vs 2018
2020: €32k▲ +41.4% vs 2019highest in 7 years
2021: €22k▼ -30.3% vs 2020
2022: €24k▲ +7.0% vs 2021
2023: €30k▲ +27.9% vs 2022
2024: €31k▲ +2.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€145k-
Equity€91k-€84k▼ 8.4%€89k▲ 6.0%€92k▲ 3.8%€95k▲ 3.9%
2020: €91k
2021: €84k▼ -8.4% vs 2020lowest in 5 years
2022: €89k▲ +6.0% vs 2021
2023: €92k▲ +3.8% vs 2022
2024: €95k▲ +3.9% vs 2023highest in 5 years
Operating result€14k-€-6k€6k€6k▼ 3.6%€6k▲ 1.3%
2020: €14khighest in 5 years
2021: €-6k▼ -144% vs 2020lowest in 5 years
2022: €6k▲ +195% vs 2021
2023: €6k▼ -3.6% vs 2022
2024: €6k▲ +1.3% vs 2023
Net result€10k-€-8k€5k€3k▼ 33.1%€4k▲ 6.1%
2020: €10khighest in 5 years
2021: €-8k▼ -181% vs 2020lowest in 5 years
2022: €5k▲ +165% vs 2021
2023: €3k▼ -33.1% vs 2022
2024: €4k▲ +6.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103k
Fixed assets
€64k ▲ 4.4%
Current assets
€39k ▼ 0.2%
Equity and liabilities €103k
Equity
€95k ▲ 3.9%
Debt
€8k ▼ 10.9%
Debt's share of the balance-sheet total falls from 8.8% to 7.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €9k
Cash flow
€9k▲
2023 · €7k
Current ratio
4.97▲
2023 · 4.44
Debt to equity
0.08▼
2023 · 0.10
ROE
3.7%▲
2023 · 3.7%
ROA
3.4%▲
2023 · 3.3%
Interest coverage
30.91▲
2023 · 26.42
Debt ≤ 1 year
€8k▼
2023 · €9k
Income taxes
€2k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€101k€103k▲
Fixed assets21/28€61k€64k▲
Tangible fixed assets22/27€61k€64k▲
Land and buildings22€55k€55k=
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€2k€7k▲
Current assets29/58€39k€39k▼
Amounts receivable within one year40/41€26k€38k▲
Trade receivables40€23k€34k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€13k€1k▼
Equity and liabilities
Total equity and liabilities10/49€101k€103k▲
Equity10/15€92k€95k▲
Contributions10/11€19k€19k=
Reserves13€36k€38k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€34k€36k▲
Profit (loss) carried forward14€38k€39k▲
Amounts payable17/49€9k€8k▼
Amounts payable within one year42/48€9k€8k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€750€2k▲
Taxes450/3€750€2k▲
Other amounts payable47/48€7k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€10k€13k▲
Operating profit (loss)9901€6k€6k▲
Financial income75/76B-€280
Recurring financial income75-€280
Financial charges65/66B€342€380▲
Recurring financial charges65€342€380▲
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€41k▲
Profit (loss) brought forward from the previous period14P€37k€38k▲
Transfer to equity691/2€3k€3k▼
To other reserves6921€3k€3k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €145k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €-54 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €6k | ▲ 80.3% |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▼ 21.3% |
| Gross operating margin9900 | €19k | €-2k | €10k | €10k | €13k | ▲ 23.1% |
| Operating profit (loss)9901 | €14k | €-6k | €6k | €6k | €6k | ▲ 1.3% |
| Financial income75/76B | - | - | - | - | €280 | - |
| Recurring financial income75 | €0 | - | - | - | €280 | - |
| Financial charges65/66B | - | €342 | €318 | €342 | €380 | ▲ 11.1% |
| Recurring financial charges65 | €545 | €342 | €318 | €342 | €380 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €14k | €-7k | €6k | €5k | €6k | ▲ 5.8% |
| Income taxes67/77 | €4k | €1k | €638 | €2k | €2k | ▲ 5.4% |
| Profit (loss) for the period9904 | €10k | €-8k | €5k | €3k | €4k | ▲ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-8k | €5k | €3k | €4k | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102k | €98k | €103k | €101k | €103k | ▲ 2.6% |
| Fixed assets21/28 | €59k | €61k | €65k | €61k | €64k | ▲ 4.4% |
| Tangible fixed assets22/27 | €59k | €61k | €65k | €61k | €64k | ▲ 4.4% |
| Land and buildings22 | - | €55k | €55k | €55k | €55k | = |
| Plant, machinery and equipment23 | - | €861 | €6k | €4k | €2k | ▼ 44.3% |
| Furniture and vehicles24 | - | €5k | €3k | €2k | €7k | ▲ 205% |
| Current assets29/58 | €43k | €37k | €38k | €39k | €39k | ▼ 0.2% |
| Amounts receivable within one year40/41 | €34k | €19k | €18k | €26k | €38k | ▲ 42.7% |
| Trade receivables40 | - | €14k | €13k | €23k | €34k | ▲ 50.0% |
| Other amounts receivable41 | - | €6k | €6k | €3k | €3k | ▼ 5.2% |
| Cash at bank and in hand54/58 | €9k | €17k | €20k | €13k | €1k | ▼ 88.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102k | €98k | €103k | €101k | €103k | ▲ 2.6% |
| Equity10/15 | €91k | €84k | €89k | €92k | €95k | ▲ 3.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €30k | €30k | €33k | €36k | €38k | ▲ 7.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €28k | €31k | €34k | €36k | ▲ 7.4% |
| Profit (loss) carried forward14 | €43k | €35k | €37k | €38k | €39k | ▲ 2.8% |
| Amounts payable17/49 | €11k | €15k | €15k | €9k | €8k | ▼ 10.9% |
| Amounts payable within one year42/48 | €11k | €15k | €15k | €9k | €8k | ▼ 10.9% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €4k | €5k | €3k | €2k | €2k | ▲ 1.8% |
| Suppliers440/4 | - | €5k | €3k | €2k | €2k | ▲ 1.8% |
| Advances received on contracts in progress46 | - | €4k | €10k | - | - | - |
| Taxes, remuneration and social security45 | - | €130 | €60 | €750 | €2k | ▲ 180% |
| Taxes450/3 | - | €130 | €60 | €750 | €2k | ▲ 180% |
| Other amounts payable47/48 | - | €5k | €2k | €7k | €4k | ▼ 35.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-8k | €5k | €3k | €4k | ▲ 6.1% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €6k | ▲ 80.3% |
| Operating cash flow (approximation) | €12k | €-5k | €8k | €7k | €9k | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-7k | €0 | €-9k | - |
| Change in cash | - | €8k | €3k | €-7k | €-11k | ▼ 58.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 52 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 1996
Ground area
4,193 m²
Building footprint
414 m²
Volume, LiDAR
2,301 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAES LUC SPRL
since 19962.075.458.817
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56034C0296/00N000 | Wallonia | 3,545 m² | 1 · 352 m² | 7.6 m · 2 fl. |
| 56058C0521/00T000 | Wallonia | 648 m² | 1 · 62 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,810 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.