ACTIVE

MAES

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Financial year 2024 · closed on 31/12/2024

Net result

-127,8 k €

-411.2% YoY

Gross margin

-68,2 k €

-106.2% YoY

Equity

175,2 k €

-42.2% YoY

Workforce

1,0 ETP

0.0% YoY

What does MAES do?

MAES is a Private limited company incorporated in 2000. Its main activity is: Production of electricity. Its registered office is in Genk. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.188.872

Incorporation

26/06/2000

Legal form

Private limited company

Registered office

Horizonlaan 26
3600 Genk · FlandreSee on map

Contributed capital

121 000,00 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 43211Electrical installation 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 35140Trade of electricity+5

Joint committees (1)

14901

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	-68,2 k €	-106%	1,1 M €	+594%	158,7 k €	+47.8%	107,4 k €	-72.2%	385,9 k €	+11.9%	344,9 k €	-18.8%	424,6 k €	+39.8%	303,7 k €	-5.7%	321,9 k €	-23.7%	422,1 k €	+432%	79,3 k €	-20.1%	99,2 k €	-81.7%	542,7 k €	-65.9%	1,6 M €	+51.4%	1 M €	+983%	97 k €	-27.6%	133,9 k €	+65.6%	80,8 k €
EBITDA	-118,8 k €	-252%	78 k €	-22.9%	101,1 k €	+33.4%	75,8 k €	-80.0%	379,7 k €	+16.6%	325,5 k €	-20.8%	411,2 k €	+106%	199,5 k €	-29.0%	280,9 k €	-19.3%	348,2 k €	+2786%	-13 k €	-196%	13,5 k €	-96.6%	396,6 k €	-63.0%	1,1 M €	+21.3%	884,6 k €	+1586%	52,5 k €	-42.9%	91,9 k €	+308%	22,6 k €
Operating result	-127,1 k €	-279%	71,1 k €	+3.2%	69 k €	+67.7%	41,1 k €	-86.3%	299,4 k €	+21.6%	246,3 k €	+20.1%	205,1 k €	+1320%	-16,8 k €	-142%	40,5 k €	-57.9%	96,2 k €	+137%	-258,7 k €	+14.8%	-303,5 k €	-2115%	15,1 k €	-97.2%	535,4 k €	-21.9%	685,6 k €	+2941%	22,5 k €	-35.2%	34,8 k €	+912%	-4,3 k €
Net result	-127,8 k €	-411%	41,1 k €	-20.4%	51,6 k €	+160%	19,8 k €	-92.6%	268,6 k €	+29.5%	207,4 k €	+25.9%	164,7 k €	+344%	-67,6 k €	-643%	-9,1 k €	-118%	50,8 k €	+116%	-309,5 k €	+10.2%	-344,5 k €	-345%	-77,5 k €	-120%	393,1 k €	-9.6%	435 k €	+3764%	11,3 k €	-10.1%	12,5 k €	+409%	-4,1 k €
Balance sheet
Equity	175,2 k €	-42.2%	303 k €	-68.0%	946,9 k €	+5.8%	895,4 k €	+2.3%	875,5 k €	+44.2%	607 k €	+51.9%	399,6 k €	+70.1%	234,9 k €	-22.3%	302,5 k €	-2.9%	311,6 k €	+19.5%	260,7 k €	-54.3%	570,3 k €	-37.7%	914,8 k €	-7.8%	992,3 k €	+94.9%	509,2 k €	+587%	74,1 k €	+17.9%	62,9 k €	+24.9%	50,3 k €
Total assets	493,4 k €	-65.7%	1,4 M €	-23.5%	1,9 M €	+5.9%	1,8 M €	-6.7%	1,9 M €	+9.0%	1,7 M €	+0.4%	1,7 M €	-4.0%	1,8 M €	-5.8%	1,9 M €	-14.9%	2,3 M €	-3.0%	2,3 M €	-14.8%	2,7 M €	-13.3%	3,2 M €	-2.8%	3,2 M €	+64.9%	2 M €	+439%	365,4 k €	+15.2%	317,2 k €	+7.3%	295,5 k €
Cash	19,6 k €	-87.9%	161,8 k €	+123%	72,5 k €	+549%	11,2 k €	-77.8%	50,4 k €	+470%	8,8 k €	-21.1%	11,2 k €	+499%	1,9 k €	-70.5%	6,3 k €	-42.1%	11 k €	-6.4%	11,7 k €	-85.4%	80 k €	+15.9%	69,1 k €	-81.9%	381,8 k €	+131831%	289,4 €	-97.1%	10 k €	+10035%	98,8 €	-81.6%	538,4 €
Debts	195,3 k €	-80.5%	1 M €	+27.5%	784,8 k €	+9.5%	717 k €	-13.3%	827,1 k €	-9.6%	915,3 k €	-17.1%	1,1 M €	-16.2%	1,3 M €	-3.0%	1,4 M €	-17.0%	1,6 M €	-6.1%	1,7 M €	-4.9%	1,8 M €	-3.4%	1,9 M €	-1.7%	1,9 M €	+33.3%	1,4 M €	+500%	241,1 k €	+5.2%	229,3 k €	-6.4%	245 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-45.0%	2,0 ETP	-16.7%	2,4 ETP	-27.3%	3,3 ETP	+57.1%	2,1 ETP	+61.5%	1,3 ETP	-13.3%	1,5 ETP	-16.7%	1,8 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 31/12/2024 · 1 active · 1 ended

Active mandates

Christ Maes

Director

Active

Ended mandates

Christ Maes

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
MAES TOTAALPROJECTEN● Active	0441.500.448

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2025	02/08/2024	29/06/2023	08/07/2022	27/07/2021	07/08/2020
General meeting	30/06/2025	29/06/2024	12/06/2023	13/06/2022	30/06/2021	30/07/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	02/08/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/07/2020	07/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	28/06/2012	Dutch	PDF
Abridged model	30/09/2010	14/03/2011	25/03/2011	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	11/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	02/10/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	20/08/2007	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 31/12/2024 · 1 active · 1 ended

Active mandates

Christ Maes

Director

Active

Ended mandates

Christ Maes

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other11/10/2016
DOEL
PDF
Capital / shares25/10/2011
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other04/12/2009
BOEKJAAR
PDF
Registered office21/11/2006
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024-127,8 k €↓
2023
Annual accounts 202341,1 k €↓
2022
Annual accounts 202251,6 k €↑
2021
Annual accounts 202119,8 k €↓
2020
Annual accounts 2020268,6 k €↑
2019
Annual accounts 2019207,4 k €↑
2018
Annual accounts 2018164,7 k €↑
2017
Annual accounts 2017-67,6 k €↓
2016
Annual accounts 2016-9,1 k €↓
2015
Annual accounts 201550,8 k €↑
2014
Annual accounts 2014-309,5 k €↑
2013
Annual accounts 2013-344,5 k €↓
2012
Annual accounts 2012-77,5 k €↓
2011
Annual accounts 2011393,1 k €↓
2010
Annual accounts 2010435 k €↑
2008
Annual accounts 200811,3 k €↓
2007
Annual accounts 200712,5 k €↑
2006
Annual accounts 2006-4,1 k €
26/06/2000
IncorporationPrivate 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

Overview

What does MAES do?

Trend over 18 financial years

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