ACTIVE

MAES REAL ESTATE

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Financial year 2025 · Closed on 31/12/2025

Net result32,7 M €+11,2 %over 1 year
Revenue587,1 M €-52,1 %over 1 year
Equity10,3 M €-72,9 %over 1 year
Workforce77,4 ETP+3,6 %over 1 year

Identity

Source · BCE/KBO

MAES REAL ESTATE is a Public limited company incorporated in 1986. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Bornem. It employs on average 77,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.995.654
Incorporation
23/12/1986
Legal form
Public limited company
Registered office
Reedonk(BOR) 12
2880 Bornem · FlandreSee on map
Contributed capital
119 243,38 €
Latest accounts
31/12/2025
Average workforce
77,4 ETP
Joint committees (3)
  • 127
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue587,1 M €1,2 Md €1,3 Md €1,4 Md €1 Md €
EBITDA40,4 M €43,4 M €39,7 M €41,3 M €18,2 M €
Operating result38 M €38,6 M €29,8 M €30,9 M €7,9 M €
Net result32,7 M €29,4 M €22,1 M €21,9 M €4,9 M €
Balance sheet
Equity10,3 M €38,1 M €40,7 M €43,6 M €31,7 M €
Total assets49,8 M €112,6 M €157,4 M €153 M €130,5 M €
Cash488 k €4,9 M €4,8 M €29,6 M €7,3 M €
Debts36,9 M €72,1 M €114,2 M €105,5 M €95,5 M €
Other
Workforce77,4 ETP74,7 ETP66,4 ETP65,9 ETP63,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 21 ended

Active mandates

ESTREIN

Director · since 24 octobre 2023 · until 24 août 2026 · 0803.244.726

Represented by Gilbert van Rens

Active

Ended mandates

ESTREIN

Director · since 24 octobre 2023 · 0803.244.726

Represented by Gilbert van Rens

Ended
Gilbert van Rens

Director · since 15 mai 2023 · until 24 octobre 2023

Ended
Dirk Maes

Director · since 30 juin 2022 · until 15 mai 2023

Ended
Dirk Maes

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Other companies at this address

Reedonk(BOR) 12 2880 Bornem
CompanyCBE no.
L'UNIQUE● Active
0888.362.820
MAES DISTRIBUTIE● Active
1028.438.738
Maes Energy & Mobility● Active
1030.973.309
MAES MOBILITY● Active
0798.138.665
MAES RETAIL● Active
1028.438.936
MAES SSC● Active
1028.439.728
Tankstation Beheer België● Active
0801.440.625

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202630/06/202529/07/202427/06/202327/07/202209/07/2021
General meeting28/08/202602/06/202525/07/202411/05/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/08/202631/08/2026DutchPDF
Full model31/12/202402/06/202530/06/2025DutchPDF
Full model31/12/202325/07/202429/07/2024DutchPDF
Full model31/12/202211/05/202327/06/2023DutchPDF
Full model31/12/202130/06/202227/07/2022DutchPDF
Full model31/12/202030/06/202109/07/2021DutchPDF
Full model31/12/201915/05/202021/09/2020DutchPDF
Full model31/12/201817/05/201915/07/2019DutchPDF
Full model31/12/201718/05/201824/05/2018DutchPDF
Full model31/12/201619/05/201728/06/2017DutchPDF
Full model31/12/201520/05/201614/06/2016DutchPDF
Full model31/12/201415/05/201519/05/2015DutchPDF
Full model31/12/201316/05/201430/07/2014DutchPDF
Full model31/12/201217/05/201311/06/2013DutchPDF
Full model31/12/201118/05/201221/05/2012DutchPDF
Full model31/12/201020/05/201124/05/2011DutchPDF
Full model31/12/200921/05/201001/06/2010DutchPDF
Full model31/12/200815/05/200904/06/2009DutchPDF
Full model31/12/200706/06/200830/06/2008DutchPDF
Full model31/12/200618/05/200721/05/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

1 active · 21 ended

Active mandates

ESTREIN

Director · since 24 octobre 2023 · until 24 août 2026 · 0803.244.726

Represented by Gilbert van Rens

Active

Ended mandates

ESTREIN

Director · since 24 octobre 2023 · 0803.244.726

Represented by Gilbert van Rens

Ended
Gilbert van Rens

Director · since 15 mai 2023 · until 24 octobre 2023

Ended
Dirk Maes

Director · since 30 juin 2022 · until 15 mai 2023

Ended
Dirk Maes

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring17/10/2025
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/08/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares08/01/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates28/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/02/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates14/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202532,7 M €↑
  2. 2025
    Name changeMaes Real Estate
  3. 2024
    Annual accounts 202429,4 M €↑
  4. 2023
    Annual accounts 202322,1 M €↑
  5. 24/10/2023
    nominationEstrein Comm V — enige bestuurder
  6. 11/05/2023
    reconductionPatrick Kilian — commissaris
  7. 06/02/2023
    constitution
  8. 01/02/2023
    reconductionDirk Maes — bestuurder
  9. 01/02/2023
    reconductionLuc Maes — bestuurder
  10. 01/01/2023
    apportETABLISSEMENTEN J. MAES ZONEN
  11. 2022
    Annual accounts 202221,9 M €↑
  12. 2021
    Annual accounts 20214,9 M €↑
  13. 2021
    Name changeEtn. J. Maes & Zonen
  14. 2019
    Annual accounts 20192,3 M €↓
  15. 2018
    Annual accounts 20182,4 M €↑
  16. 2017
    Annual accounts 20172,3 M €↓
  17. 2016
    Annual accounts 20162,7 M €↑
  18. 2015
    Annual accounts 20152,3 M €↓
  19. 2014
    Annual accounts 20142,3 M €↑
  20. 2013
    Annual accounts 20132,3 M €↑
  21. 2011
    Annual accounts 20112,2 M €↑
  22. 2010
    Annual accounts 20101,8 M €↑
  23. 2009
    Annual accounts 20091,7 M €↑
  24. 2008
    Annual accounts 20081,4 M €↑
  25. 2006
    Annual accounts 20061,1 M €
  26. 2006
    Name changeEtablissementen J. Maes Zonen
  27. 23/12/1986
    IncorporationPublic limited company