ACTIVE

MAES ELECTRONICS

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Financial year 2025 · closed on 31/12/2025

Net result

-12,4 k €

-188.3% YoY

Gross margin

-12,3 k €

-235.3% YoY

Equity

195,5 k €

-15.6% YoY

What does MAES ELECTRONICS do?

MAES ELECTRONICS is a Public limited company incorporated in 1981. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.377.194

Incorporation

31/12/1981

Legal form

Public limited company

Registered office

Schoolstraat 111
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-12,3 k €	-235%	9,1 k €	+245%	-6,3 k €	+33.0%	-9,4 k €	-112%	77,7 k €	+222%	24,1 k €	-53.4%	51,8 k €	-4.0%	54 k €	+28.9%	41,8 k €	-40.3%	70,1 k €	+26.1%	55,6 k €	+44.1%	38,6 k €	+2.6%	37,6 k €	+64.1%	22,9 k €	-39.5%	37,8 k €	+79.9%	21 k €	-43.8%	37,4 k €	-9.6%	41,4 k €	+127%	18,3 k €	+15.0%	15,9 k €
EBITDA	-13,3 k €	-275%	7,6 k €	+140%	-18,8 k €	-97.4%	-9,5 k €	-115%	64,8 k €	+289%	-34,2 k €	-179%	43,4 k €	+18.4%	36,7 k €	+4.7%	35 k €	-46.3%	65,2 k €	+27.9%	51 k €	+35.2%	37,7 k €	+0.8%	37,4 k €	+69.6%	22 k €	-37.5%	35,3 k €	+76.2%	20 k €	+18.2%	16,9 k €	+72.2%	9,8 k €	+171%	-13,9 k €	+6.1%	-14,7 k €
Operating result	-14,3 k €	-370%	5,3 k €	+123%	-23,2 k €	-61.8%	-14,4 k €	-126%	54,9 k €	+193%	-59,3 k €	-271%	34,6 k €	+100%	17,3 k €	-32.0%	25,5 k €	-56.0%	57,9 k €	+24.2%	46,6 k €	+81.6%	25,7 k €	+54.5%	16,6 k €	+213%	5,3 k €	-67.6%	16,4 k €	+110%	7,8 k €	+5.2%	7,4 k €	+46.8%	5 k €	+126%	-19,2 k €	+29.0%	-27 k €
Net result	-12,4 k €	-188%	14 k €	+198%	-14,3 k €	+2.1%	-14,6 k €	-130%	49,1 k €	+182%	-60 k €	-352%	23,8 k €	+114%	11,1 k €	-30.7%	16 k €	-55.4%	35,9 k €	+19.1%	30,2 k €	+66.6%	18,1 k €	+17.2%	15,5 k €	+230%	4,7 k €	-78.7%	21,9 k €	+156%	8,6 k €	+36.4%	6,3 k €	-5.1%	6,6 k €	+135%	-19 k €	+29.6%	-27 k €
Balance sheet
Equity	195,5 k €	-15.6%	231,7 k €	-25.5%	310,9 k €	-4.4%	325,2 k €	-4.3%	339,7 k €	+16.9%	290,6 k €	-17.1%	350,6 k €	+7.3%	326,8 k €	+3.5%	315,7 k €	+5.3%	299,7 k €	+13.6%	263,8 k €	+12.9%	233,6 k €	+8.4%	215,5 k €	+7.7%	200 k €	+2.4%	195,3 k €	+12.7%	173,4 k €	+5.2%	164,8 k €	+4.0%	158,5 k €	+4.4%	151,9 k €	-11.1%	170,9 k €
Total assets	231,4 k €	-3.0%	238,5 k €	-23.7%	312,6 k €	-7.0%	336,2 k €	-7.8%	364,5 k €	+7.6%	338,9 k €	-18.1%	414 k €	+9.8%	376,9 k €	+6.3%	354,6 k €	-7.0%	381,2 k €	+19.7%	318,5 k €	+2.6%	310,5 k €	+13.7%	273 k €	+8.6%	251,3 k €	-15.8%	298,5 k €	-19.2%	369,7 k €	+19.9%	308,3 k €	+19.4%	258,3 k €	+2.5%	252 k €	+7.7%	234 k €
Cash	114,9 k €	+196%	38,8 k €	+4152%	912,6 €	-96.3%	24,9 k €	-89.5%	237,2 k €	+25.3%	189,4 k €	+1.4%	186,7 k €	+36.2%	137 k €	-13.6%	158,7 k €	-6.5%	169,7 k €	+51.1%	112,3 k €	+17.1%	95,9 k €	+200%	32 k €	+300%	8 k €	-86.6%	59,5 k €	+61.2%	36,9 k €	+468%	6,5 k €	+8.4%	6 k €	-74.3%	23,3 k €	+150%	9,3 k €
Debts	35,5 k €	+449%	6,5 k €	+275%	1,7 k €	-84.4%	11,1 k €	-55.3%	24,8 k €	-48.7%	48,3 k €	-23.8%	63,4 k €	+28.5%	49,3 k €	+26.7%	38,9 k €	-52.2%	81,5 k €	+48.9%	54,7 k €	-28.9%	76,9 k €	+33.5%	57,6 k €	+12.2%	51,3 k €	-50.3%	103,2 k €	-47.4%	196,3 k €	+36.8%	143,5 k €	+43.8%	99,8 k €	-0.4%	100,1 k €	+58.5%	63,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–		0,5 ETP	-37.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Tineke Maes

Director · since 20 mai 2022 · until 01 mai 2028

Active

Pieter Maes

Director · since 21 juin 2006 · until 01 mai 2028

Active

Ended mandates

Tine Maes

Director · since 20 mai 2022 · until 30 juin 2024

Ended

Tineke Maes

Director · since 20 mai 2022 · until 30 juin 2024

Ended

Tineke Maes

Director · since 20 mai 2022 · until 13 août 2024

Ended

Jacques Maes

Managing director · since 21 septembre 2012 · until 30 juin 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2026	30/10/2025	29/08/2024	27/07/2023	03/01/2023	17/08/2021
General meeting	24/08/2026	30/09/2025	13/08/2024	30/06/2023	31/10/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/08/2026	25/08/2026	Dutch	PDF
Micro model	31/12/2024	30/09/2025	30/10/2025	Dutch	PDF
Micro model	31/12/2023	13/08/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	31/10/2022	03/01/2023	Dutch	PDF
Micro model	31/12/2020	28/06/2021	17/08/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	25/08/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	02/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	06/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Tineke Maes

Director · since 20 mai 2022 · until 01 mai 2028

Active

Pieter Maes

Director · since 21 juin 2006 · until 01 mai 2028

Active

Ended mandates

Tine Maes

Director · since 20 mai 2022 · until 30 juin 2024

Ended

Tineke Maes

Director · since 20 mai 2022 · until 30 juin 2024

Ended

Tineke Maes

Director · since 20 mai 2022 · until 13 août 2024

Ended

Jacques Maes

Managing director · since 21 septembre 2012 · until 30 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/08/2023
Ontslag bestuurder/gedelegeerd bestuurder
PDF
Mandates02/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2013
HERBENOEMING
PDF
Mandates18/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/10/2006
Kapitaal in Euro - Aanpassing statuten
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-12,4 k €↓
2024
Annual accounts 202414 k €↑
2023
Annual accounts 2023-14,3 k €↑
2022
Annual accounts 2022-14,6 k €↓
2021
Annual accounts 202149,1 k €↑
2020
Annual accounts 2020-60 k €↓
2019
Annual accounts 201923,8 k €↑
2018
Annual accounts 201811,1 k €↓
2017
Annual accounts 201716 k €↓
2016
Annual accounts 201635,9 k €↑
2015
Annual accounts 201530,2 k €↑
2014
Annual accounts 201418,1 k €↑
2013
Annual accounts 201315,5 k €↑
2012
Annual accounts 20124,7 k €↓
2011
Annual accounts 201121,9 k €↑
2010
Annual accounts 20108,6 k €↑
2009
Annual accounts 20096,3 k €↓
2008
Annual accounts 20086,6 k €↑
2007
Annual accounts 2007-19 k €↑
2006
Annual accounts 2006-27 k €
31/12/1981
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAES ELECTRONICS

Overview

What does MAES ELECTRONICS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline