MAES & PARTNERS
ActiveMAES & PARTNERS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378k and a net result of €112k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+5
Solvency80▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 4.39 in 2024; short-term debt: 44.7% and cash: 8.9% of total assets), and 45% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
55%
Return on assets
16.3%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
5 d early
2022
7 d early
2021
11 d early
2020
10 d late
2019
26 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€378k▼ 30.6%
2024 · €544k
2018: €88k
2019: €164k
2020: €268k
2021: €354k
2022: €442k
2023: €537k
2024: €544k
2018 → 2025
Total assets
€688k▲ 3.7%
2024 · €663k
2018: €242k
2019: €251k
2020: €354k
2021: €414k
2022: €490k
2023: €580k
2024: €663k
2018 → 2025
Net result
€112k▲ 35.9%
2024 · €83k
2018: €70k
2019: €75k
2020: €104k
2021: €86k
2022: €89k
2023: €95k
2024: €83k
2018 → 2025
Working capital
€242k▼ 38.8%
2024 · €395k
2018: €-5k
2019: €61k
2020: €151k
2021: €227k
2022: €306k
2023: €409k
2024: €395k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€354k-€442k▲ 25.1%€537k▲ 21.4%€544k▲ 1.4%€378k▼ 30.6%
Operating result€112k-€115k▲ 2.7%€125k▲ 8.5%€118k▼ 6.1%€142k▲ 21.2%
Net result€86k-€89k▲ 3.4%€95k▲ 7.0%€83k▼ 13.0%€112k▲ 35.9%
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 2025; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€138k▼ 8.9%
Current assets
€549k▲ 7.4%
Equity and liabilities €688k
Equity
€378k▼ 30.6%
Debt
€310k▲ 161%
The debt ratio rises from 17.9% to 45.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€156k▲
2024 · €128k
Cash flow
€126k▲
2024 · €93k
Solvency
55.0%▼
2024 · 82.1%
Current ratio
1.79▼
2024 · 4.39
Quick ratio
1.79▼
2024 · 4.39
Debt / equity
0.82▲
2024 · 0.22
ROE
29.7%▲
2024 · 15.2%
ROA
16.3%▲
2024 · 12.4%
Interest coverage
46.67▲
2024 · 28.56
Debt
€310k▲
2024 · €119k
Debt ≤ 1 year
€307k▲
2024 · €117k
Income taxes
€39k▼
2024 · €43k
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€663k€688k▲
Fixed assets21/28€152k€138k▼
Tangible fixed assets22/27€152k€138k▼
Land and buildings22€128k€123k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€17k€12k▼
Current assets29/58€511k€549k▲
Amounts receivable after more than one year29€415k€416k▲
Other amounts receivable291€415k€416k▲
Amounts receivable within one year40/41€68k€70k▲
Trade receivables40€57k€58k▲
Other amounts receivable41€11k€11k=
Cash at bank and in hand54/58€29k€61k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€663k€688k▲
Equity10/15€544k€378k▼
Contributions10/11€19k€19k=
Reserves13€526k€359k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€524k€358k▼
Amounts payable17/49€119k€310k▲
Amounts payable within one year42/48€117k€307k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€40k€42k▲
Taxes450/3€40k€42k▲
Other amounts payable47/48€72k€263k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€129k€158k▲
Operating profit (loss)9901€118k€142k▲
Financial income75/76B€13k€12k▼
Recurring financial income75€13k€12k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€126k€151k▲
Income taxes67/77€43k€39k▼
Profit (loss) for the period9904€83k€112k▲
Profit (loss) for the period to be appropriated9905€83k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€112k▲
Transfer from equity791/2€75k€279k▲
Transfer to equity691/2€83k€112k▲
To other reserves6921€83k€112k▲
Profit to be distributed694/7€75k€279k▲
Return on contributions (dividend)694€75k€279k▲
The notes to these accounts (4 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €112k ▲35.9%
Operating result €142k, net result €112k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €537k ▲21.4%
6 profitable years in a row build equity to €537k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Equity above €200kEq €268k ▲63.7%
3 profitable years in a row build equity to €268k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 2.60
Current ratio from 0.93 to 2.60; short-term debt falls from €79k to €38k.
31-12
Financial
Equity above €150kEq €164k ▲85%
2 profitable years in a row build equity to €164k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gistel · 1 establishment unit since 2003
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.
Kaaistraat 58470 GistelGround area
1,076 m²
Building footprint
206 m²
Volume, LiDAR
1,500 m³
2 parcels, Flanders · tallest building 14.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MAES & PARTNERS VOF
since 20032.134.390.968
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005A1016/00E000 | Flanders | 837 m² | 1 · 140 m² | 8.6 m · 2 fl. |
| 35013A4624/00A000 | Flanders | 239 m² | 1 · 66 m² | 14.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 82,546 companies in sector 70200 we hold annual accounts for 52,574. 36,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
66199Other activities auxiliary to financial services, excluding insurance and pension funding
67130
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.