Maesekes
ActiveThe annual accounts of Maesekes for fiscal year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €13k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 95% of 18281 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-55
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 17.18 against 6.23 in 2024; short-term debt: 0.9% and cash: 3.5% of total assets), and 0.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
99.1%
Return on assets
-55.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 27-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
29 d early
2023
4 d early
2022
6 d early
2021
5 d early
2020
4 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 35.8%
2024 · €20k
2018: €17k
2019: €17k
2020: €20k
2021: €20k
2022: €24k
2023: €22k
2024: €20k
2018 → 2025
Total assets
€13k▼ 38.2%
2024 · €21k
2018: €22k
2019: €20k
2020: €37k
2021: €30k
2022: €32k
2023: €26k
2024: €21k
2018 → 2025
Net result
€-7k▼ 208%
2024 · €-2k
2018: €1k
2019: €59
2020: €3k
2021: €76
2022: €4k
2023: €-2k
2024: €-2k
2018 → 2025
Working capital
€2k▼ 63.4%
2024 · €5k
2018: €9k
2019: €9k
2020: €5k
2021: €4k
2022: €9k
2023: €3k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€24k▲ 21.5%€22k▼ 8.9%€20k▼ 10.4%€13k▼ 35.8%
Operating result€239-€5k▲ 2,030%€-1k€-2k▼ 29.3%€-7k▼ 291%
Net result€76-€4k▲ 5,586%€-2k€-2k▼ 6.6%€-7k▼ 208%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13k
Fixed assets
€11k▼ 26.6%
Current assets
€2k▼ 67.4%
Equity and liabilities €13k
Equity
€13k▼ 35.8%
Debt
€113▼ 88.2%
The debt ratio falls from 4.6% to 0.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €9k
Cash flow
€-3k▼
2024 · €9k
Solvency
99.1%▲
2024 · 95.4%
Current ratio
17.18▲
2024 · 6.23
Quick ratio
17.18▲
2024 · 6.23
Debt / equity
0.01▼
2024 · 0.05
ROE
-55.8%▼
2024 · -11.6%
ROA
-55.3%▼
2024 · -11.1%
Interest coverage
-74.31▼
2024 · 45.11
Debt
€113▼
2024 · €955
Debt ≤ 1 year
€113▼
2024 · €955
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€21k€13k▼
Fixed assets21/28€15k€11k▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€1k€1k=
Current assets29/58€6k€2k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€635€309▼
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€4k€454▼
Equity and liabilities
Total equity and liabilities10/49€21k€13k▼
Equity10/15€20k€13k▼
Contributions10/11€20k€20k=
Reserves13€6k€5k▼
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€1k-
Profit (loss) carried forward14€-6k€-12k▼
Amounts payable17/49€955€113▼
Amounts payable within one year42/48€955€113▼
Trade debts44-€113
Suppliers440/4-€113
Other amounts payable47/48€955-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Other operating charges640/8€482€617▲
Gross operating margin9900€10k€-3k▼
Operating profit (loss)9901€-2k€-7k▼
Financial income75/76B€1€1=
Recurring financial income75€1€1=
Financial charges65/66B€208€42▼
Recurring financial charges65€208€42▼
Profit (loss) for the period before taxes9903€-2k€-7k▼
Income taxes67/77€293-
Profit (loss) for the period9904€-2k€-7k▼
Transfer from tax-exempt reserves789-€1k
Profit (loss) for the period to be appropriated9905€-2k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-12k▼
Profit (loss) brought forward from the previous period14P€-4k€-6k▼
The notes to these accounts (5 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
30-12
Financial
Liquidity triplescurrent ratio 17.18
Current ratio from 6.23 to 17.18; short-term debt falls from €955 to €113.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial
Liquidity triplescurrent ratio 6.23
Current ratio from 1.79 to 6.23; short-term debt falls from €4k to €955.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial
Highest result since 2018net €4k ▲5586%
Operating result €5k, net result €4k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 1999
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.
Meentakstraat 138760 TieltGround area
2,500 m²
Building footprint
164 m²
Volume, LiDAR
876 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAESEKES
since 19992.091.974.155
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007E1283/00A000 | Flanders | 1,597 m² | - | - |
| 37322C0976/00V000 | Flanders | 903 m² | 1 · 164 m² | 8.5 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
BARAN SERHAT
BE 1016.590.979
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Salt 'n Sugar
BE 1000.327.346
Antwerpen · Eq €13k
SADRI
BE 0545.872.349
Antwerpen · Eq €13k
M.S.
BE 0452.784.518
Sint-Jans-Molenbeek · Eq €13k
MUJDE COMPANY
BE 1005.637.503
Sint-Joost-ten-Node · Eq €13k
Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 733 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-1999
Fiscal year end30-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
52240
10712Artisanal bread and fresh pastry making
15812
47271Retail trade
47279Other retail sale of food
47291Retail trade
47299Retail trade
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.