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 €726k and a net result of €68k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+5
Solvency90▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.11 in 2024; short-term debt: 27% and cash: 9.9% of total assets), and 35.3% 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
64.7%
Return on assets
6.1%
Age of the figures
9 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
6 d early
2022
5 d early
2021
48 d early
2020
45 d early
2019
52 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€68k▲ 209%
2024 · €22k
2019: €20k
2020: €44k
2021: €95k
2022: €167k
2023: €123k
2024: €22k
2019 → 2025
Working capital
€447k▼ 0.5%
2024 · €449k
2019: €264k
2020: €264k
2021: €306k
2022: €384k
2023: €476k
2024: €449k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€553k-€572k▲ 3.3%€665k▲ 16.4%€687k▲ 3.3%€726k▲ 5.6%
Operating result€126k-€220k▲ 75.1%€169k▼ 23.2%€48k▼ 71.9%€98k▲ 106%
Net result€95k-€167k▲ 75.7%€123k▼ 26.3%€22k▼ 82.1%€68k▲ 209%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 106% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€373k▼ 1.8%
Current assets
€749k▼ 12.2%
Equity and liabilities €1.12M
Equity
€726k▲ 5.6%
Debt
€396k▼ 27.4%
The debt ratio falls from 44.3% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▲
2024 · €109k
Cash flow
€140k▲
2024 · €84k
Solvency
64.7%▲
2024 · 55.7%
Current ratio
2.48▲
2024 · 2.11
Quick ratio
1.00▼
2024 · 1.01
Debt / equity
0.55▼
2024 · 0.79
ROE
9.4%▲
2024 · 3.2%
ROA
6.1%▲
2024 · 1.8%
Interest coverage
11.29▲
2024 · 6.02
Debt
€396k▼
2024 · €546k
Debt ≤ 1 year
€302k▼
2024 · €404k
Debt > 1 year
€75k▼
2024 · €120k
Income taxes
€15k▲
2024 · €8k
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€1.23M€1.12M▼
Fixed assets21/28€380k€373k▼
Tangible fixed assets22/27€379k€373k▼
Land and buildings22€283k€250k▼
Plant, machinery and equipment23€2k€830▼
Furniture and vehicles24€95k€122k▲
Financial fixed assets28€270€270=
Current assets29/58€853k€749k▼
Stocks and contracts in progress3€445k€447k▲
Stocks30/36€445k€447k▲
Amounts receivable within one year40/41€347k€186k▼
Trade receivables40€293k€151k▼
Other amounts receivable41€54k€35k▼
Cash at bank and in hand54/58€53k€111k▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.12M▼
Equity10/15€687k€726k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€9k€9k=
Reserves13€616k€655k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€597k€635k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€546k€396k▼
Amounts payable after more than one year17€120k€75k▼
Financial debts170/4€120k€75k▼
Amounts payable within one year42/48€404k€302k▼
Current portion of amounts payable after more than one year42€69k€76k▲
Trade debts44€127k€38k▼
Suppliers440/4€127k€38k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€207k€189k▼
Accrued charges and deferred income492/3€22k€19k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€71k▲
Other operating charges640/8€12k€11k▼
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€126k€180k▲
Operating profit (loss)9901€48k€98k▲
Financial income75/76B€206€8▼
Recurring financial income75€206€8▼
Financial charges65/66B€18k€15k▼
Recurring financial charges65€18k€15k▼
Profit (loss) for the period before taxes9903€30k€83k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€22k€68k▲
Profit (loss) for the period to be appropriated9905€22k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€68k▲
Transfer to equity691/2€22k€38k▲
To other reserves6921€22k€38k▲
Profit to be distributed694/7€0€30k▲
Directors or managers695€0€30k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €167k ▲75.7%
Operating result €220k, net result €167k, both a record.
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €500kEq €553k ▲18.5%
3 profitable years in a row build equity to €553k.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wortegem-Petegem · 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.
Elsegemplein (E.) 19790 Wortegem-PetegemGround area
459 m²
Parcel 45008B0020/00C003, Flanders. Linked by address, not a title deed.
1 establishment unit
MAES NV
since 19832.022.587.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45008B0020/00C003 | Flanders | 458 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 555 EUR awarded · 555 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
| 2024 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWortegem-Petegem2.022.587.580
Similar companies · same sector, comparable size
AGRO HERENTHOUT
BE 0819.863.695
Herenthout · Eq €723k
JONCKERS
BE 0458.572.448
Kortenaken · Eq €719k
DEGOFOUR
BE 0437.053.492
Ieper · Eq €739k
CERES
BE 0452.232.608
Sint-Laureins · Eq €739k
DE STOPPELEIRE
BE 0465.999.975
Wervik · Eq €741k
Of 689 companies in sector 46216 we hold annual accounts for 476. 399 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-07-1983
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
01231
01461Pig breeding farms
46231Wholesale of live animals
47761Retail sale of flowers, plants, seeds and fertilisers
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
51230
52483
52630
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.