MAES PHARMCONSULT
ActiveSummary
MAES PHARMCONSULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160,970 and a net result of €3,689. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-30
Solvency59▼-7
Growth49=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.57 in 2024; short-term debt: 64% and cash: 11.1% of total assets), and 65.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
34.1%
Return on assets
0.8%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
149 d early
2023
23 d early
2022
31 d early
2021
33 d early
2020
17 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€181,161▲ 5.4%
2019 · €171,875
EBIT margin
25.8%▲ 7.7pp
2019 · 18.1%
Net result
€3,689▼ 21.9%
2024 · €4,721
Working capital
-€161,509▼ 72.2%
2024 · -€93,797
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€37,964▼ 18.7%€40,390▲ 6.4%€44,812▲ 10.9%€17,643▼ 60.6%€18,923▲ 7.3%
Net result€26,046within the sector's middle half▲ 4.1%€37,532within the sector's middle half▲ 44.1%€30,608within the sector's middle half▼ 18.4%€4,721within the sector's middle half▼ 84.6%€3,689within the sector's middle half▼ 21.9%
EBIT margin
Equity€127,862within the sector's middle half▲ 2.9%€146,260within the sector's middle half▲ 14.4%€152,560within the sector's middle half▲ 4.3%€157,281within the sector's middle half▲ 3.1%€160,970within the sector's middle half▲ 2.3%
Total assets€208,781within the sector's middle half▼ 4.8%€240,756within the sector's middle half▲ 15.3%€303,295within the sector's middle half▲ 26.0%€385,055within the sector's middle half▲ 27.0%€471,871within the sector's middle half▲ 22.5%
Debt€80,919▼ 14.8%€94,497▲ 16.8%€150,735▲ 59.5%€227,774▲ 51.1%€310,901▲ 36.5%
Working capital€76,987within the sector's middle half▲ 2.8%€54,399within the sector's middle half▼ 29.3%€15,055within the sector's middle half▼ 72.3%-€93,797below the sector's middle half-€161,509below the sector's middle half▼ 72.2%
Solvency61.2%within the sector's middle half▲ 4.5pp60.8%within the sector's middle half▼ 0.5pp50.3%within the sector's middle half▼ 10.4pp40.8%within the sector's middle half▼ 9.5pp34.1%within the sector's middle half▼ 6.7pp
Current ratio2.07within the sector's middle half▲ 0.201.64within the sector's middle half▼ 0.431.11within the sector's middle half▼ 0.530.57below the sector's middle half▼ 0.530.47below the sector's middle half▼ 0.11
Return on assets (ROA)12.5%within the sector's middle half▲ 1.1pp15.6%within the sector's middle half▲ 3.1pp10.1%within the sector's middle half▼ 5.5pp1.2%below the sector's middle half▼ 8.9pp0.8%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €471,871
Fixed assets
€331,479 ▲ 27.5%
Current assets
€140,392 ▲ 12.3%
Equity and liabilities €471,871
Equity
€160,970 ▲ 2.3%
Debt
€310,901 ▲ 36.5%
Debt's share of the balance-sheet total rises from 59.2% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,624▲
2024 · €18,571
Cash flow
€5,390▼
2024 · €5,649
Debt to equity
1.93▲
2024 · 1.45
ROE
2.3%▼
2024 · 3.0%
Interest coverage
1.94▼
2024 · 5.51
Debt ≤ 1 year
€301,901▲
2024 · €218,774
Debt > 1 year
€9,000=
2024 · €9,000
Income taxes
€4,590▼
2024 · €9,554
Staff costs
€328
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €155,249 | €156,040 | €115,185 | €62,769 | ▼ 45.5% |
| Remuneration, social security and pensions62 | - | €545 | - | - | €328 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,003 | €1,015 | €909 | €928 | €1,701 | ▲ 83.4% |
| Other operating charges640/8 | €2 | €66 | €69 | €72 | €73 | ▲ 2.0% |
| Gross operating margin9900 | €38,969 | €42,015 | €45,790 | €18,642 | €21,025 | ▲ 12.8% |
| Operating profit (loss)9901 | €37,964 | €40,390 | €44,812 | €17,643 | €18,923 | ▲ 7.3% |
| Financial income75/76B | €6 | €0 | €22 | - | - | - |
| Recurring financial income75 | €6 | €0 | €22 | - | - | - |
| Financial charges65/66B | €396 | €627 | €2,554 | €3,368 | €10,645 | ▲ 216% |
| Recurring financial charges65 | €396 | €627 | €2,554 | €3,368 | €10,645 | ▲ 216% |
| Profit (loss) for the period before taxes9903 | €37,574 | €39,763 | €42,280 | €14,275 | €8,279 | ▼ 42.0% |
| Income taxes67/77 | €11,529 | €2,230 | €11,672 | €9,554 | €4,590 | ▼ 52.0% |
| Profit (loss) for the period9904 | €26,046 | €37,532 | €30,608 | €4,721 | €3,689 | ▼ 21.9% |
| Profit (loss) for the period to be appropriated9905 | €26,046 | €37,532 | €30,608 | €4,721 | €3,689 | ▼ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,781 | €240,756 | €303,295 | €385,055 | €471,871 | ▲ 22.5% |
| Fixed assets21/28 | €59,875 | €100,860 | €146,505 | €260,078 | €331,479 | ▲ 27.5% |
| Tangible fixed assets22/27 | €2,799 | €1,784 | €2,429 | €1,502 | €8,403 | ▲ 460% |
| Plant, machinery and equipment23 | €1,410 | €1,115 | €820 | €525 | €6,255 | ▲ 1,092% |
| Furniture and vehicles24 | €1,389 | €669 | €1,609 | €977 | €2,148 | ▲ 120% |
| Financial fixed assets28 | €57,076 | €99,076 | €144,076 | €258,576 | €323,076 | ▲ 24.9% |
| Current assets29/58 | €148,906 | €139,896 | €156,790 | €124,977 | €140,392 | ▲ 12.3% |
| Stocks and contracts in progress3 | €21,000 | - | - | - | - | - |
| Stocks30/36 | €21,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €35,793 | €97,384 | €118,913 | €102,393 | €86,853 | ▼ 15.2% |
| Trade receivables40 | €35,793 | €97,384 | €118,913 | €102,393 | €86,853 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €92,114 | €42,512 | €37,784 | €22,585 | €52,413 | ▲ 132% |
| Deferred charges and accrued income490/1 | - | - | €93 | - | €1,127 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,781 | €240,756 | €303,295 | €385,055 | €471,871 | ▲ 22.5% |
| Equity10/15 | €127,862 | €146,260 | €152,560 | €157,281 | €160,970 | ▲ 2.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €121,662 | €140,060 | €146,360 | €151,081 | €154,770 | ▲ 2.4% |
| Distributable reserves133 | €121,662 | €140,060 | €146,360 | €151,081 | €154,770 | ▲ 2.4% |
| Amounts payable17/49 | €80,919 | €94,497 | €150,735 | €227,774 | €310,901 | ▲ 36.5% |
| Amounts payable after more than one year17 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Financial debts170/4 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Amounts payable within one year42/48 | €71,919 | €85,497 | €141,735 | €218,774 | €301,901 | ▲ 38.0% |
| Current portion of amounts payable after more than one year42 | - | - | €20,000 | €71,539 | - | - |
| Trade debts44 | €50,159 | €54,365 | €81,364 | €87,850 | €82,120 | ▼ 6.5% |
| Suppliers440/4 | €50,159 | €54,365 | €81,364 | €87,850 | €82,120 | ▼ 6.5% |
| Taxes, remuneration and social security45 | €17,221 | €16,592 | €13,265 | €11,160 | €9,438 | ▼ 15.4% |
| Taxes450/3 | €17,221 | €16,592 | €13,265 | €11,160 | €7,438 | ▼ 33.3% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | €4,539 | €14,539 | €27,106 | €48,225 | €210,343 | ▲ 336% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,046 | €37,532 | €30,608 | €4,721 | €3,689 | ▼ 21.9% |
| + Depreciation and write-downs630 | €1,003 | €1,015 | €909 | €928 | €1,701 | ▲ 83.4% |
| Operating cash flow (approximation) | €27,048 | €38,547 | €31,516 | €5,649 | €5,390 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€42,000 | -€46,554 | -€114,500 | -€73,103 | ▲ 36.2% |
| Change in cash | - | -€49,602 | -€4,728 | -€15,199 | €29,828 | ▲ 296% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
20-07
State Gazette act
Incorporation · Founder
Founding capital · Capital
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €3,689 ▼21.9%
Net result drops to €3,689, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €152,560 ▲4.3%
6 profitable years in a row build equity to €152,560.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €37,532 ▲44.1%
Net result €37,532, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Visé
Ground area
505 m²
Building footprint
276 m²
Volume, LiDAR
2,043 m³
Parcel 62108C0659/00Y002, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108C0659/00Y002 | Wallonia | 505 m² | 1 · 276 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 40,775 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
Founded24-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
paul.maes@axialyze.com
Phone
0471421065
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875845464
Also
9925:BE0875845464
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.