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MAES SERVICES

Active
Private limited company (pre-2019)founded 200422 yrs activeSpei 41, 8790 Waregem, BelgiumKBO/BCE: BE 0865.490.022

MAES SERVICES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48k and a net result of €7k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
85 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+2
Solvency94▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.33 in 2023; short-term debt: 31.4% and cash: 31.3% of total assets), and 31.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 22 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
68.6%
Return on assets
9.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
125 d late
2022
61 d late
2021
79 d late
2020
61 d late
2019
117 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€48k▼ 2.7%
2023 · €49k
2018: €35k 2019: €35k 2020: €42k 2021: €41k 2022: €55k 2023: €49k
2018 → 2024
Total assets
€70k▼ 15.2%
2023 · €82k
2018: €73k 2019: €70k 2020: €81k 2021: €66k 2022: €80k 2023: €82k
2018 → 2024
Net result
€7k▲ 261%
2023 · €2k
2018: €1k 2019: €4k 2020: €11k 2021: €7k 2022: €22k 2023: €2k
2018 → 2024
Working capital
€44k=
2023 · €44k
2018: €23k 2019: €25k 2020: €32k 2021: €36k 2022: €48k 2023: €44k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€42k-€41k▼ 1.6%€55k▲ 34.9%€49k▼ 11.1%€48k▼ 2.7%
Operating result€14k-€11k▼ 23.0%€28k▲ 170%€4k▼ 86.9%€14k▲ 270%
Net result€11k-€7k▼ 30.2%€22k▲ 204%€2k▼ 91.7%€7k▲ 261%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20k€30kOperating result 2020: €14k€14kNet result 2020: €11k€11kOperating result 2021: €11k€11kNet result 2021: €7k€7kOperating result 2022: €28k€28kNet result 2022: €22k€22kOperating result 2023: €4k€4kNet result 2023: €2k€2kOperating result 2024: €14k€14kNet result 2024: €7k€7k20202021202220232024
The operating result recovers in 2024; 2024 is 270% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets €4k▼ 25.7%
Current assets €66k▼ 14.5%
Equity and liabilities €70k
Equity €48k▼ 2.7%
Debt €22k▼ 33.8%
The debt ratio falls from 40.3% to 31.4%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€15k
2023 · €6k
Cash flow
€8k
2023 · €4k
Solvency
68.6%
2023 · 59.7%
Current ratio
3.01
2023 · 2.33
Quick ratio
3.01
2023 · 2.33
Debt / equity
0.46
2023 · 0.67
ROE
14.0%
2023 · 3.8%
ROA
9.6%
2023 · 2.2%
Interest coverage
5.14
2023 · 16.96
Debt
€22k
2023 · €33k
Debt ≤ 1 year
€22k
2023 · €33k
Income taxes
€4k
2023 · €2k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€82k€70k
Fixed assets21/28€5k€4k
Tangible fixed assets22/27€2k€921
Plant, machinery and equipment23€2k€921
Financial fixed assets28€3k€3k=
Current assets29/58€77k€66k
Amounts receivable within one year40/41€63k€44k
Trade receivables40€32k€16k
Other amounts receivable41€31k€28k
Cash at bank and in hand54/58€14k€22k
Equity and liabilities
Total equity and liabilities10/49€82k€70k
Equity10/15€49k€48k
Contributions10/11€19k€19k=
Reserves13€30k€28k
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€29k€27k
Profit (loss) carried forward14€278€965
Amounts payable17/49€33k€22k
Amounts payable within one year42/48€33k€22k
Trade debts44€9k€3k
Suppliers440/4€9k€3k
Taxes, remuneration and social security45€16k€8k
Taxes450/3€16k€8k
Other amounts payable47/48€8k€10k
Income statement Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k
Other operating charges640/8€2k€4k
Gross operating margin9900€8k€19k
Operating profit (loss)9901€4k€14k
Financial income75/76B€34€41
Recurring financial income75€34€41
Financial charges65/66B€339€3k
Recurring financial charges65€339€3k
Profit (loss) for the period before taxes9903€3k€11k
Income taxes67/77€2k€4k
Profit (loss) for the period9904€2k€7k
Profit (loss) for the period to be appropriated9905€2k€7k
Appropriation of the result
Profit (loss) to be appropriated9906€2k€7k
Profit (loss) brought forward from the previous period14P€424€278
Transfer from equity791/2€6k€2k
Profit to be distributed694/7€8k€8k=
Return on contributions (dividend)694€8k€8k=

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
03-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 125 days late
2023
30-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial Highest result since 2018net €22k ▲204%
Operating result €28k, net result €22k, both a record.
18-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
25-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
11-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
09-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 40 days late
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, Waregem · 1 establishment unit since 2004
establishment The establishment unit on the map
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.

Spei 418790 Waregem
Ground area
1,272 m²
Building footprint
332 m²
Volume, LiDAR
3,372 m³
2 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Maes Services
Kortrijkstraat(Z) 27, 8550 ZwevegemNACE 72100
since 20042.137.300.176
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34042D0088/00L000 Flanders 637 m² 1 · 218 m² 15.7 m · 4 fl.
34452B0299/00T000 Flanders 636 m² 1 · 114 m² 6.9 m · 2 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.

Similar companies · same sector, comparable size

Of 29,995 companies in sector 62200 we hold annual accounts for 18,391. 15,303 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-2004
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.