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Home / Tools / Value indication / MAES LOGISTICS

MAES LOGISTICS: value indication

Sector benchmark
What changed
Value indication

Checked · Insight, alerts and connections for every Belgian company, from official sources.

Based on official Belgian registers and filed annual accounts.

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Line	Code	2024	2025	Change	%
Total assets	20/58	€10,383,481	€12,642,545	+€2.3m	+21.8%
Fixed assets	21/28	€8,546,349	€10,226,588	+€1.7m	+19.7%
Tangible fixed assets	22/27	€8,546,044	€10,226,418	+€1.7m	+19.7%
Plant, machinery and equipment	23	€1,952,354	€2,518,561	+€566,207	+29.0%
Furniture and vehicles	24	€243,047	€230,712	-€12,335	-5.1%
Leasing and similar rights	25	€6,350,644	€7,477,145	+€1.1m	+17.7%
Financial fixed assets	28	€305	€170	-€135	-44.3%
Current assets	29/58	€1,837,132	€2,415,957	+€578,826	+31.5%
Stocks and contracts in progress	3	€115,573	€135,444	+€19,871	+17.2%
Stocks	30/36	€115,573	€135,444	+€19,871	+17.2%
Amounts receivable within one year	40/41	€1,612,380	€2,210,755	+€598,375	+37.1%
Trade receivables	40	€1,612,380	€2,210,755	+€598,375	+37.1%
Cash at bank and in hand	54/58	€107,164	€69,181	-€37,983	-35.4%
Deferred charges and accrued income	490/1	€2,015	€578	-€1,437	-71.3%
Total equity and liabilities	10/49	€10,383,481	€12,642,545	+€2.3m	+21.8%
Equity	10/15	€480,930	€762,103	+€281,174	+58.5%
Contributions	10/11	€162,158	€162,158	=	0.0%
Reserves	13	€410,044	€359,722	-€50,323	-12.3%
Tax-exempt reserves	132	€197,679	€147,356	-€50,323	-25.5%
Distributable reserves	133	€212,365	€212,365	=	0.0%
Profit (loss) carried forward	14	-€91,273	€240,223	+€331,496
Provisions and deferred taxes	16	€65,893	€49,119	-€16,774	-25.5%
Deferred taxes	168	€65,893	€49,119	-€16,774	-25.5%
Amounts payable	17/49	€9,836,658	€11,831,323	+€2.0m	+20.3%
Amounts payable after more than one year	17	€6,154,281	€7,607,091	+€1.5m	+23.6%
Financial debts	170/4	€6,154,281	€7,607,091	+€1.5m	+23.6%
Amounts payable within one year	42/48	€3,681,932	€3,871,524	+€189,592	+5.1%
Current portion of amounts payable after more than one year	42	€2,111,420	€2,627,465	+€516,045	+24.4%
Financial debts	43	€150,041	€150,000	-€41	0.0%
Credit institutions	430/8	€150,041	€150,000	-€41	0.0%
Trade debts	44	€980,726	€648,118	-€332,608	-33.9%
Suppliers	440/4	€980,726	€648,118	-€332,608	-33.9%
Advances received on contracts in progress	46	€0	€229	+€229
Taxes, remuneration and social security	45	€140,144	€210,283	+€70,138	+50.0%
Taxes	450/3	€102,954	€181,718	+€78,764	+76.5%
Remuneration and social security	454/9	€37,191	€28,565	-€8,626	-23.2%
Other amounts payable	47/48	€299,601	€235,429	-€64,173	-21.4%
Accrued charges and deferred income	492/3	€445	€352,708	+€352,263	+79,194%
Non-recurring operating income	76A	€84,352	€7,039	-€77,313	-91.7%
Remuneration, social security and pensions	62	€200,789	€227,414	+€26,625	+13.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€2,802,856	€2,910,239	+€107,383	+3.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	€1,997	€521	-€1,476	-73.9%
Other operating charges	640/8	€42,355	€69,027	+€26,672	+63.0%
Non-recurring operating charges	66A	€0	€1,616	+€1,616
Gross operating margin	9900	€3,469,461	€3,706,017	+€236,556	+6.8%
Operating profit (loss)	9901	€421,465	€497,200	+€75,735	+18.0%
Financial income	75/76B	€4,086	€1,447	-€2,639	-64.6%
Recurring financial income	75	€4,086	€1,447	-€2,639	-64.6%
Financial charges	65/66B	€310,789	€340,261	+€29,472	+9.5%
Recurring financial charges	65	€310,789	€340,261	+€29,472	+9.5%
Profit (loss) for the period before taxes	9903	€114,762	€158,386	+€43,624	+38.0%
Transfer from deferred taxes	780	€39,791	€43,627	+€3,836	+9.6%
Transfer to deferred taxes	680	€0	-	=
Income taxes	67/77	€279	€1,398	+€1,120	+402%
Profit (loss) for the period	9904	€154,274	€200,614	+€46,340	+30.0%
Transfer from tax-exempt reserves	789	€119,373	€130,882	+€11,508	+9.6%
Transfer to tax-exempt reserves	689	€0	-	=
Profit (loss) for the period to be appropriated	9905	€273,648	€331,496	+€57,849	+21.1%

MAES LOGISTICS: value indication

MAES LOGISTICS: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

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