MAES
ActiveMAES has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €176. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-30
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 3.74 against 4.47 in 2024), and 20.6% 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
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
79.4%
Return on assets
0%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
44 d early
2023
44 d early
2022
48 d early
2021
47 d early
2020
47 d early
2019
46 d early
← 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M=
2024 · €1.06M
2022: €909k
2023: €1.00M
2024: €1.06M
2022 → 2025
Total assets
€1.34M▲ 3.9%
2024 · €1.29M
2022: €1.76M
2023: €1.53M
2024: €1.29M
2022 → 2025
Net result
€176▼ 99.7%
2024 · €64k
2022: €134k
2023: €91k
2024: €64k
2022 → 2025
Working capital
€738k▼ 0.4%
2024 · €741k
2022: €676k
2023: €757k
2024: €741k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€909k-€1.00M▲ 10.0%€1.06M▲ 6.4%€1.06M=
Operating result€215k-€155k▼ 27.7%€100k▼ 35.9%€3k▼ 96.7%
Net result€134k-€91k▼ 31.8%€64k▼ 29.7%€176▼ 99.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 97% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€333k▼ 1.0%
Current assets
€1.01M▲ 5.6%
Equity and liabilities €1.34M
Equity
€1.06M=
Debt
€276k▲ 22.1%
The debt ratio rises from 17.5% to 20.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€45k▼
2024 · €131k
Cash flow
€42k▼
2024 · €95k
Solvency
79.4%▼
2024 · 82.5%
Current ratio
3.74▼
2024 · 4.47
Quick ratio
3.74▼
2024 · 4.47
Debt / equity
0.26▲
2024 · 0.21
ROE
0.0%▼
2024 · 6.0%
ROA
0.0%▼
2024 · 5.0%
Interest coverage
6.40▼
2024 · 9.79
Debt
€276k▲
2024 · €226k
Debt ≤ 1 year
€270k▲
2024 · €213k
Income taxes
€537▼
2024 · €29k
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
Total assets
20/58€1.29M€1.34M▲
Fixed assets
21/28€336k€333k▼
Tangible fixed assets
22/27€336k€333k▼
Current assets
29/58€954k€1.01M▲
Amounts receivable within one year
40/41€706k€441k▼
Investments
50/53€210k€500k▲
Cash & bank
54/58€35k€64k▲
Total equity & liabilities
10/49€1.29M€1.34M▲
Equity
10/15€1.06M€1.06M=
Contributions / capital
10/11€413k€413k=
Reserves
13€651k€651k=
Amounts payable
17/49€226k€276k▲
Amounts payable within one year
42/48€213k€270k▲
Trade debts payable within one year
44€22k€103k▲
Income statement
Code20242025
Gross operating margin
9900€141k€55k▼
Operating result
9901€100k€3k▼
Financial income
75€6k€4k▼
Financial charges
65€13k€7k▼
Result before taxes
9903€92k€713▼
Income taxes
67/77€29k€537▼
Net result for the period
9904€64k€176▼
Result to be appropriated
9905€65k€176▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-06
State Gazette act
Open capture
Notarial deed · General meeting · Capital decrease · Officer resignation · Anthony Wittesaele
2025
31-12
Financial
Weakest financial yearnet €176 ▼99.7%
Net result drops to €176, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.00M ▲10%
2 profitable years in a row build equity to €1.00M.
20-12
State Gazette act
Minor change
v3.2
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
State Gazette act
Director changes
v3.2
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
Roeland Maes
CurrentDirector · since 08-07-2019
Carl Maes
Not recently confirmedDirector · since 08-07-2019
Elise Maes
Not recently confirmedDirector · since 08-07-2019
20-12-2023
Roeland Maes: Appointed as Director
08-07-2019
Roeland Maes: Mandate renewed as Director
08-07-2019
Roeland Maes: Appointed as Managing director
08-07-2019
Carl Maes: Mandate renewed as Director
08-07-2019
Elise Maes: Mandate renewed as Director
Location & real-estate footprint
Registered office, Dentergem · 1 establishment unit since 1983
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.
Statiestraat(Den) 608720 DentergemGround area
3,588 m²
Building footprint
292 m²
Volume, LiDAR
1,354 m³
Parcel 37002A0391/00K000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Statiestraat(Den) 60, 8720 Dentergem
since 19832.022.450.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002A0391/00K000 | Flanders | 3,588 m² | 1 · 292 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
3 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
NUTRIWEST
BE 0734.836.564
Veurne · Eq €1.11M
NIROLUX
BE 0476.770.143
Oostkamp · Eq €991k
MERCORDI
BE 0466.231.785
Halen · Eq €920k
AGRO WAUTERS
BE 0827.935.283
Heers · Eq €1.29M
OBIN
BE 0837.735.451
Wervik · Eq €864k
Of 142 companies in sector 46212 we hold annual accounts for 67. 44 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-05-1983
Fiscal year end31-12
Activities, NACEBEL
46212Wholesale trade
46211Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 14-07-2026. Scores and ratios are computed by Checked and are not a credit decision.