MAES MACHINES
ActiveMAES MACHINES has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €534k and a net result of €166k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 7932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-4
Solvency67▲+16
Growth78=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.44 in 2024; short-term debt: 57.9% and cash: 19.5% of total assets), but 57.9% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
42.1%
Return on assets
13.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
7 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€534k▲ 45.2%
2024 · €368k
2023: €140k
2024: €368k
2023 → 2025
Total assets
€1.27M▼ 10.2%
2024 · €1.41M
2023: €1.53M
2024: €1.41M
2023 → 2025
Net result
€166k▼ 26.9%
2024 · €228k
2023: €139k
2024: €228k
2023 → 2025
Working capital
€476k▲ 17.2%
2024 · €406k
2023: €197k
2024: €406k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€140k-€368k▲ 162%€534k▲ 45.2%
Operating result€183k-€285k▲ 56.0%€210k▼ 26.5%
Net result€139k-€228k▲ 63.3%€166k▼ 26.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€58k▼ 36.8%
Current assets
€1.21M▼ 8.4%
Equity and liabilities €1.27M
Equity
€534k▲ 45.2%
Debt
€734k▼ 29.7%
The debt ratio falls from 74.0% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€230k▼
2024 · €309k
Cash flow
€186k▼
2024 · €251k
Solvency
42.1%▲
2024 · 26.0%
Current ratio
1.65▲
2024 · 1.44
Quick ratio
0.63▼
2024 · 0.73
Debt / equity
1.37▼
2024 · 2.84
ROE
31.1%▼
2024 · 61.9%
ROA
13.1%▼
2024 · 16.1%
Interest coverage
949.71▲
2024 · 118.70
Debt
€734k▼
2024 · €1.04M
Debt ≤ 1 year
€734k▼
2024 · €915k
Income taxes
€49k▼
2024 · €69k
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€1.41M€1.27M▼
Fixed assets21/28€92k€58k▼
Tangible fixed assets22/27€92k€58k▼
Plant, machinery and equipment23€92k€58k▼
Current assets29/58€1.32M€1.21M▼
Stocks and contracts in progress3€650k€747k▲
Stocks30/36€650k€747k▲
Amounts receivable within one year40/41€327k€216k▼
Trade receivables40€327k€216k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€344k€247k▼
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.27M▼
Equity10/15€368k€534k▲
Contributions10/11€1k€1k=
Reserves13€367k€533k▲
Distributable reserves133€367k€533k▲
Amounts payable17/49€1.04M€734k▼
Amounts payable within one year42/48€915k€734k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€210k€44k▼
Suppliers440/4€210k€44k▼
Advances received on contracts in progress46€34k€40k▲
Taxes, remuneration and social security45€148k€138k▼
Taxes450/3€148k€138k▼
Other amounts payable47/48€523k€512k▼
Accrued charges and deferred income492/3€130k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€0▲
Other operating charges640/8€126€128▲
Gross operating margin9900€302k€230k▼
Operating profit (loss)9901€285k€210k▼
Financial income75/76B€14k€6k▼
Recurring financial income75€14k€6k▼
Financial charges65/66B€3k€242▼
Recurring financial charges65€3k€242▼
Profit (loss) for the period before taxes9903€297k€215k▼
Income taxes67/77€69k€49k▼
Profit (loss) for the period9904€228k€166k▼
Profit (loss) for the period to be appropriated9905€228k€166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€228k€166k▼
Transfer to equity691/2€228k€166k▼
To other reserves6921€228k€166k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (8 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €534k ▲45.2%
3 profitable years in a row build equity to €534k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2023net €228k ▲63.3%
Operating result €285k, net result €228k, both a record.
31-12
Financial
Equity above €200kEq €368k ▲162%
2 profitable years in a row build equity to €368k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated 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, Houthulst · 1 establishment unit since 2023
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.
Torhoutstraat 168650 HouthulstGround area
564 m²
Building footprint
228 m²
Volume, LiDAR
1,044 m³
Parcel 32006E0668/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAES MACHINES
since 20232.345.607.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006E0668/00C000 | Flanders | 564 m² | 1 · 228 m² | 7.3 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.
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FRANZ BUX
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Of 806 companies in sector 46610 we hold annual accounts for 566. 470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2023
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
46712Wholesale trade
45194
46713Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.