Financials
- Fiscal year
- 2024
- Total assets
- €105,520
- Profit
- €2,922
- Solvency
- 97.8%
Total assets▲ 2.3%
Net result
20182024
MAES - TASSIN
ActiveSummary
The computed 12-month bankruptcy probability of MAES - TASSIN is 1.5% (moderate). The 2024 annual accounts show equity of €103,190 and a net result of €2,922. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 36400 sector peers (fiscal year 2024). The company has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
#8 oldest company in Leuven, Construction sector1 site
Size
€105,520total assets 2024
- Equity
- €103,190
- Profit
- €2,922
Turnover not published (abridged schema)
Structure
- Parent
- TINEL LUC · 99.73%
Accounts 68 d overdue0 of 2 deeds read
Why 64- Figures for FY 2024 (filed 30-09-2025)- Liquidity: current ratio 45.29, cash €2,166- Sector Specialised construction activities (NACE 43)+ Founded in 1973Show the evidence
Checked score
Score 2024
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 50% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 97.8% of total assets
Liquidity
53=
short-term debt 2.2% · cash 2.1%
Profitability
44-3
return on assets 2.8%
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● 0.0% vs 11-2024
01-2025: 0.7%▼ -1.3% vs 12-2024
02-2025: 0.7%▼ -2.2% vs 01-2025
03-2025: 0.7%▼ -1.3% vs 02-2025lowest value
04-2025: 0.7%▲ +1.2% vs 03-2025
05-2025: 0.7%▲ +3.9% vs 04-2025
06-2025: 0.7%● 0.0% vs 05-2025
07-2025: 0.8%▲ +19.1% vs 06-2025
08-2025: 1.0%▲ +20.7% vs 07-2025
09-2025: 1.1%▲ +11.9% vs 08-2025
10-2025: 0.8%▼ -31.6% vs 09-2025
11-2025: 0.8%● 0.0% vs 10-2025
12-2025: 0.8%● 0.0% vs 11-2025
01-2026: 0.8%▼ -1.4% vs 12-2025
02-2026: 0.7%▼ -2.0% vs 01-2026
03-2026: 0.7%▼ -1.5% vs 02-2026
04-2026: 0.7%▲ +1.2% vs 03-2026
05-2026: 0.8%▲ +3.8% vs 04-2026
06-2026: 0.8%● 0.0% vs 05-2026
07-2026: 0.8%▲ +2.7% vs 06-2026
08-2026: 1.1%▲ +35.8% vs 07-2026
09-2026: 1.2%▲ +11.8% vs 08-2026
10-2026: 1.5%▲ +27.2% vs 09-2026highest value
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- Liquidity: current ratio 45.29, cash €2,166 raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
- Founded in 1973 lowers the probability for this profile
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 45.29 against 35.7 in 2023; short-term debt: 2.2% and cash: 2.1% of total assets), and 2.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 48%, profitability 21%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
30 d late
2022
60 d late
2021
31 d late
2020
108 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Equity above €100,000Eq €100,268 ▲4.2%
Key points
- Positive: Among the best 5% on solvencysector median 46.6% · 36,400 companies 97.8% View
- Caution: Accounts not fileddeadline was 31-07-2026 68 d late View
- Controlled by TINEL LUC 99.73% View
- Positive: 7 profitable years in a rowprofit 2024: €2,922 7 years View
- Active since 1973founded 14-06-1973 53 years View
By topic
Board & ownership
- Parent
- TINEL LUC · 99.73%
Timeline
- Events
- 14
- Since
- 2017
- 30-09-2025Annual accounts filed
- 30-08-2024Annual accounts filed
- 31-12-2023Equity above €100,000
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 14-06-1973
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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