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MAES ELECTRIC SERVICES

Active
Private limited companyfounded 1994active for 32 yearsDavid Tenierslaan 5, 9051 Gent, BelgiumKBO/BCE: BE 0452.823.912

The file of MAES ELECTRIC SERVICES contains 3 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 0.5% (very low). The 2025 annual accounts show equity of €73,394 and a net result of €6,188. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 34,855 sector peers (NACE 43, financial year 2025).

Risk analysisFollow ReportCompare
MAES ELECTRIC SERVICESActiveChecked score 79/100
Risk analysis ReportCompare

Overview

Activity
Electrical installation work in industrial facilities
NACE 43212General electrical installation work NACE 43211
1 site
Size
≈ €770,000turnover 2025, estimated
Staff
3 FTE
Equity
€73,394
Profit
€6,188
Turnover estimated from the gross margin
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
  • BEVELEKTDirector · permanent representative Maes Olivier
2025 accounts filed 3 days late1 of 4 deeds summarised
Why 79raises riskSector: Specialised construction activities (NACE 43)Equity €73,394 (15.9% of total assets)Liquidity: current ratio 0.96, cash €19,063lowers riskSize: total assets €460,365Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 26% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 41+1
equity 15.9% of total assets
Liquidity 13-3
short-term debt 76.7% · cash 4.1%
Profitability 47+13
return on assets 1.3%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 1.1%▲ +0.3 percentage points vs 12-2024 02-2025: 1.4%▲ +0.3 percentage points vs 01-2025highest value 03-2025: 0.6%▼ -0.8 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.2 percentage points vs 12-2025 02-2026: 1.3%▲ +0.5 percentage points vs 01-2026 03-2026: 0.4%▼ -0.9 percentage points vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026lowest value 05-2026: 0.4%● unchanged vs 04-2026lowest value 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms, only on tighter conditions: historical bankruptcy publications
Liquidity insufficient (current ratio 0.96, compared with 0.92 in 2024, below 1; short-term debt: 76.7% and cash: 4.1% of total assets), and 84.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 18% on solvency, 8% on liquidity, 22% on profitability and 54% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: total assets €460,365
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €73,394 (15.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.96, cash €19,063
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 34855 sector peers (2025).
NBB · sector comparison
Position among 34855 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
on the day
2023
20 days early
2022
on the day
2021
287 days late
2020
40 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end31-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet €1,454 ▼97.2%

Key points

  • Caution: Among the weakest 19% on solvencysector median 46.7% · 34,855 companies 15.9% View
  • Positive: 7 profitable years in a rowprofit 2025: €6,188 7 years View
  • Active since 1994founded 21-06-1994 32 years View

By topic

Financials

Financial year
2025
Total assets
€460,365
Profit
€6,188
Solvency
15.9%
Turnover▼ 44.3%
Net result
20212024
Go to Financials

Timeline

Events
37
Since
1995
Next accounts
by 31-01-2027
  1. 16-02-2024Reappointment: BEVELEKT (director)
  2. 11-01-2024Annual accounts filed
  3. 15-09-2023Bankruptcy reversal
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Electrical installation work in industrial facilitiesNACE 43212
Founded
21-06-1994
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
14
Who signs
Each director alone
Annual meeting
Third Saturday of December at 18:00
Go to Articles of association

Key facts about MAES ELECTRIC SERVICES

What is the company number of MAES ELECTRIC SERVICES?
0452.823.912. In Belgium the VAT number is the company number with BE in front: BE 0452.823.912.
Where is MAES ELECTRIC SERVICES based?
The registered office is at David Tenierslaan 5, 9051 Gent.Company details
What does MAES ELECTRIC SERVICES do?
According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
What is the legal form of MAES ELECTRIC SERVICES?
Private limited company (BV).
When was MAES ELECTRIC SERVICES founded?
On 21-06-1994.
Is MAES ELECTRIC SERVICES still active?
Yes, MAES ELECTRIC SERVICES is an active enterprise in the KBO register.
How many employees does MAES ELECTRIC SERVICES have?
On average 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MAES ELECTRIC SERVICES?
€831,848 in financial year 2024, according to the filed annual accounts.
Is MAES ELECTRIC SERVICES profitable?
In financial year 2025, MAES ELECTRIC SERVICES made a profit of €6,188.
Where can I find the annual accounts of MAES ELECTRIC SERVICES?
MAES ELECTRIC SERVICES filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAES ELECTRIC SERVICES due?
By 31-01-2027, for financial year 2026.Timeline

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