ACTIVE

MAES

Financial year 2025 · Closed on 31/12/2025

Net result176 €-99,7 %over 1 year

Gross margin55,3 k €-60,8 %over 1 year

Equity1,1 M €+0,0 %over 1 year

Identity

Source · BCE/KBO

MAES is a Public limited company incorporated in 1983. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Dentergem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.087.661
Incorporation: 09/05/1983
Legal form: Public limited company
Registered office: Statiestraat(Den) 60
8720 Dentergem · FlandreSee on map
Contributed capital: 413 425,70 €
Latest accounts: 31/12/2025

Activities (NACE)

46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main 46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 43 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	55,3 k €	-60.8%	140,8 k €	-26.7%	192,1 k €	-34.2%	291,9 k €	+63.4%	178,6 k €
EBITDA	44,9 k €	-65.6%	130,6 k €	-27.7%	180,5 k €	-25.0%	240,5 k €	+92.0%	125,3 k €
Operating result	3,3 k €	-96.7%	99,6 k €	-35.9%	155,4 k €	-27.7%	214,9 k €	+131%	93 k €
Net result	176 €	-99.7%	64 k €	-29.7%	91,1 k €	-31.8%	133,6 k €	+161%	51,1 k €
Balance sheet
Equity	1,1 M €	+0.0%	1,1 M €	+6.4%	1 M €	+10.0%	908,9 k €	+17.2%	775,3 k €
Total assets	1,3 M €	+3.9%	1,3 M €	-15.4%	1,5 M €	-13.1%	1,8 M €	+15.5%	1,5 M €
Cash	64,5 k €	+83.8%	35,1 k €	-56.8%	81,1 k €	-21.7%	103,6 k €	+1287%	7,5 k €
Debts	269,6 k €	+26.4%	213,3 k €	-57.9%	507,2 k €	-38.9%	830,5 k €	+13.7%	730,2 k €
Other
Workforce	–		–		–		1,0 ETP	0.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 21 ended

Active mandates

Christine Maes

Director · since 25 mars 2026

Active

Jens Eelbode

Director · since 25 mars 2026

Active

Carl MAES

Director · since 08 décembre 2023 · until 25 mars 2026

Active

Elise MAES

Director · since 08 décembre 2023 · until 25 mars 2026

Active

Roeland MAES

Managing director · since 08 décembre 2023 · until 14 juin 2029

Active

Ended mandates

Carl MAES

Director · since 08 décembre 2023 · until 14 juin 2029

Ended

Elise MAES

Director · since 08 décembre 2023 · until 14 juin 2029

Ended

Carl MAES

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Elise MAES

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Other companies at this address

Statiestraat(Den) 60 8720 Dentergem

Company	CBE no.
Jens Eelbode● Active	0759.741.612
MAES● Active	1032.693.078

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/06/2026	17/06/2025	17/06/2024	13/06/2023	14/06/2022	14/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 43 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	15/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	20/06/2007	Dutch	PDF
Abridged model	31/12/2005	03/06/2006	28/06/2006	Dutch	PDF
Abridged model	31/12/2004	04/06/2005	29/06/2005	Dutch	PDF
Abridged model	31/12/2003	05/06/2004	29/06/2004	Dutch	PDF
Abridged model	31/12/2002	07/06/2003	01/07/2003	Dutch	PDF
Abridged model	31/12/2001	01/06/2002	12/06/2002	Dutch	PDF
Abridged model	31/12/2000	02/06/2001	12/06/2001	Dutch	PDF
Abridged model	31/12/1999	09/06/2000	30/06/2000	Dutch	PDF
Abridged model	31/12/1998	11/06/1999	30/06/1999	Dutch	PDF
Abridged model	31/12/1997	12/06/1998	29/06/1998	Dutch	—
Abridged model	31/12/1996	13/06/1997	27/06/1997	Dutch	—
Abridged model	31/12/1995	14/06/1996	05/07/1996	Dutch	—
Abridged model	31/12/1994	09/06/1995	23/06/1995	Dutch	—
Abridged model	31/12/1993	10/06/1994	04/07/1994	Dutch	—
Abridged model	31/12/1992	11/06/1993	25/06/1993	Dutch	—
Abridged model	31/12/1991	12/06/1992	26/06/1992	Dutch	—
Abridged model	31/12/1990	14/06/1991	08/07/1991	Dutch	—
Abridged model	31/12/1989	08/06/1990	14/06/1990	Dutch	—
Abridged model	31/12/1988	09/06/1989	16/06/1989	Dutch	—
Abridged model	31/12/1987	10/06/1988	29/06/1988	Dutch	—
Abridged model	31/12/1986	12/06/1987	08/07/1987	Dutch	—
Abridged model	31/12/1985	13/06/1986	04/07/1986	Dutch	—
Abridged model	31/12/1984	14/06/1985	18/06/1985	English	—
m900-p	31/12/1983	08/06/1984	04/07/1984	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 21 ended

Active mandates

Christine Maes

Director · since 25 mars 2026

Active

Jens Eelbode

Director · since 25 mars 2026

Active

Carl MAES

Director · since 08 décembre 2023 · until 25 mars 2026

Active

Elise MAES

Director · since 08 décembre 2023 · until 25 mars 2026

Active

Roeland MAES

Managing director · since 08 décembre 2023 · until 14 juin 2029

Active

Ended mandates

Carl MAES

Director · since 08 décembre 2023 · until 14 juin 2029

Ended

Elise MAES

Director · since 08 décembre 2023 · until 14 juin 2029

Ended

Carl MAES

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Elise MAES

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/06/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2023
ALGEMENE VERGADERING
PDF
Mandates08/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/01/2014
Fusie È
PDF
Restructuring18/11/2013
fusievoorstel
PDF
Mandates12/08/2013
benoeming bestuurders |
PDF
Capital / shares12/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/12/2009
benoeming bestuurder
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025176 €↓
2024
Annual accounts 202464 k €↓
2023
Annual accounts 202391,1 k €↓
2022
Annual accounts 2022133,6 k €↑
2021
Annual accounts 202151,1 k €↑
2020
Annual accounts 20206,4 k €↓
2019
Annual accounts 201921,9 k €↑
2018
Annual accounts 20186,5 k €↓
2017
Annual accounts 201721,7 k €↑
2016
Annual accounts 20169,2 k €↓
2015
Annual accounts 201566,9 k €↓
2014
Annual accounts 201472,7 k €↑
2013
Annual accounts 201313,2 k €↓
2012
Annual accounts 201217,5 k €↑
2011
Annual accounts 2011-2 k €↓
2010
Annual accounts 201012,4 k €↓
2009
Annual accounts 200928,5 k €↑
2008
Annual accounts 2008-136,6 k €↓
2007
Annual accounts 20075,3 k €↓
2006
Annual accounts 200610,8 k €
09/05/1983
IncorporationPublic limited company

MAES

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline