MAES LEO
ActiveMAES LEO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €-7k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-55
Solvency98▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 4.53 in 2024; short-term debt: 27% and cash: 47.5% of total assets), and 27% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 31
Relative position
BE, all sectors
reference
Sector 31
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
56 d early
2023
16 d early
2022
62 d early
2021
40 d early
2020
60 d early
2019
56 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€248k▼ 2.6%
2024 · €255k
2018: €63k
2019: €133k
2020: €196k
2021: €220k
2022: €233k
2023: €247k
2024: €255k
2018 → 2025
Total assets
€340k▼ 3.4%
2024 · €352k
2018: €172k
2019: €245k
2020: €282k
2021: €318k
2022: €336k
2023: €388k
2024: €352k
2018 → 2025
Net result
€-7k
2024 · €7k
2018: €1k
2019: €70k
2020: €62k
2021: €24k
2022: €13k
2023: €14k
2024: €7k
2018 → 2025
Working capital
€234k▼ 11.9%
2024 · €266k
2018: €60k
2019: €132k
2020: €191k
2021: €214k
2022: €212k
2023: €274k
2024: €266k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€233k▲ 6.1%€247k▲ 6.1%€255k▲ 3.0%€248k▼ 2.6%
Operating result€42k-€19k▼ 55.9%€20k▲ 5.3%€9k▼ 56.0%€-7k
Net result€24k-€13k▼ 44.7%€14k▲ 6.9%€7k▼ 48.6%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340k
Fixed assets
€14k▲ 24.0%
Current assets
€326k▼ 4.3%
Equity and liabilities €340k
Equity
€248k▼ 2.6%
Debt
€92k▼ 5.6%
The debt ratio falls from 27.7% to 27.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €14k
Cash flow
€-2k▼
2024 · €12k
Solvency
73.0%▲
2024 · 72.3%
Current ratio
3.54▼
2024 · 4.53
Quick ratio
3.44▼
2024 · 4.37
Debt / equity
0.37▼
2024 · 0.38
ROE
-2.7%▼
2024 · 2.9%
ROA
-1.9%▼
2024 · 2.1%
Interest coverage
-44.06▼
2024 · 268.03
Debt
€92k▼
2024 · €97k
Debt ≤ 1 year
€92k▲
2024 · €75k
Income taxes
€469▼
2024 · €3k
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€352k€340k▼
Fixed assets21/28€11k€14k▲
Tangible fixed assets22/27€11k€14k▲
Plant, machinery and equipment23€530€230▼
Furniture and vehicles24€11k€10k▼
Other tangible fixed assets26-€4k
Current assets29/58€341k€326k▼
Stocks and contracts in progress3€13k€10k▼
Stocks30/36€13k€10k▼
Amounts receivable within one year40/41€88k€39k▼
Trade receivables40€81k€29k▼
Other amounts receivable41€8k€10k▲
Current investments50/53€112k€112k=
Cash at bank and in hand54/58€126k€162k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€352k€340k▼
Equity10/15€255k€248k▼
Contributions10/11€25k€25k=
Reserves13€230k€223k▼
Distributable reserves133€230k€223k▼
Amounts payable17/49€97k€92k▼
Amounts payable within one year42/48€75k€92k▲
Trade debts44€2k€16k▲
Suppliers440/4€2k€16k▲
Taxes, remuneration and social security45€5k€541▼
Taxes450/3€2k€541▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€68k€76k▲
Accrued charges and deferred income492/3€22k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€1k€19k▲
Non-recurring operating charges66A-€522
Gross operating margin9900€15k€19k▲
Operating profit (loss)9901€9k€-7k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€52€60▲
Recurring financial charges65€52€60▲
Profit (loss) for the period before taxes9903€10k€-6k▼
Income taxes67/77€3k€469▼
Profit (loss) for the period9904€7k€-7k▼
Profit (loss) for the period to be appropriated9905€7k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-7k▼
Transfer from equity791/2-€7k
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (7 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k ▼190%
Net result drops to €-7k, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €220k ▲12.3%
4 profitable years in a row build equity to €220k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €196k ▲46.8%
3 profitable years in a row build equity to €196k.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €70k ▲5133%
Operating result €78k, net result €70k, both a record.
31-12
Financial
Equity above €100kEq €133k ▲112%
2 profitable years in a row build equity to €133k.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
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
5 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, Malle · 1 establishment unit since 1981
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.
Irislaan 52390 MalleGround area
1,007 m²
Building footprint
184 m²
Volume, LiDAR
936 m³
Parcel 11032A0421/00Z000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAES LEO
since 19812.019.576.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032A0421/00Z000 | Flanders | 1,007 m² | 1 · 184 m² | 8.5 m · 2 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.
Similar companies · same sector, comparable size
DIMA
BE 0418.001.308
Leuven · Eq €246k
PROSAM
BE 0726.388.260
Heusden-Zolder · Eq €243k
Marny
BE 0407.030.707
Waregem · Eq €259k
SixInch Design
BE 0845.736.169
Antwerpen · Eq €236k
SIEMKA BOUW
BE 0680.440.746
Lommel · Eq €230k
Of 446 companies in sector 31001 we hold annual accounts for 208. 151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-1980
Fiscal year end31-12
Activities, NACEBEL
31001Manufacture of furniture
36122
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.