ACTIVE

BERT MAES

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Financial year 2025 · closed on 31/03/2025

Net result

1,5 M €

-30.4% YoY

Revenue

45,7 M €

+6.8% YoY

Equity

9,2 M €

+19.8% YoY

Workforce

55,6 ETP

+5.9% YoY

What does BERT MAES do?

BERT MAES is a Private limited company incorporated in 2002. Its registered office is in Tielt. It employs on average 55,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.869.312

Incorporation

01/07/2002

Legal form

Private limited company

Registered office

Tieltstraat 132A
8760 Tielt · FlandreSee on map

Contributed capital

368 500,00 €

Latest accounts

31/03/2025

Average workforce

55,6 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	45,7 M €	+6.8%	42,8 M €	+10.5%	38,7 M €	+28.7%	30,1 M €	+9.9%	27,4 M €	+11.3%	24,6 M €	+15.7%	21,3 M €	+17.0%	18,2 M €	+5.5%	17,2 M €	+7.0%	16,1 M €	+9.4%	14,7 M €	+3.7%	14,2 M €		–		–		–		–		–
EBITDA	2,8 M €	-19.6%	3,4 M €	+56.1%	2,2 M €	+29.8%	1,7 M €	-33.9%	2,6 M €	+112%	1,2 M €	+27.8%	946 k €	+1.5%	931,6 k €	+1.9%	914,2 k €	+168%	340,7 k €	-25.5%	457,5 k €	-31.6%	668,9 k €	+57.2%	425,6 k €	-10.9%	477,4 k €	+39.7%	341,8 k €	-29.7%	486,5 k €	-4.5%	509,3 k €
Operating result	2,1 M €	-27.8%	2,9 M €	+77.3%	1,6 M €	+40.9%	1,2 M €	-41.6%	2 M €	+173%	728,7 k €	+53.9%	473,5 k €	-4.4%	495,4 k €	+4.8%	472,9 k €	+3223%	-15,1 k €	-116%	92,2 k €	-75.3%	372,5 k €	+88.7%	197,4 k €	-2.8%	203 k €	+241%	59,5 k €	-74.0%	229,2 k €	-6.8%	246 k €
Net result	1,5 M €	-30.4%	2,2 M €	+80.0%	1,2 M €	+39.9%	864,6 k €	-41.3%	1,5 M €	+196%	497,1 k €	+56.2%	318,2 k €	+2.9%	309,3 k €	+33.9%	231 k €	+246%	66,9 k €	+83.2%	36,5 k €	-60.1%	91,4 k €	-24.3%	120,8 k €	-1.8%	123 k €	+211%	39,6 k €	-70.8%	135,5 k €	-8.6%	148,4 k €
Balance sheet
Equity	9,2 M €	+19.8%	7,7 M €	+39.6%	5,5 M €	+9.1%	5 M €	+20.7%	4,2 M €	+54.5%	2,7 M €	+22.5%	2,2 M €	+16.9%	1,9 M €	+19.6%	1,6 M €	+17.1%	1,3 M €	+5.2%	1,3 M €	+2.9%	1,2 M €	+7.9%	1,2 M €	+11.7%	1 M €	+36.0%	759,1 k €	+5.5%	719,5 k €	+23.2%	583,9 k €
Total assets	12,3 M €	+14.9%	10,7 M €	+8.7%	9,9 M €	+16.3%	8,5 M €	+3.3%	8,2 M €	+20.2%	6,8 M €	+17.1%	5,8 M €	+17.2%	5 M €	+4.3%	4,8 M €	+7.4%	4,4 M €	-11.4%	5 M €	-3.3%	5,2 M €	+41.9%	3,6 M €	+17.3%	3,1 M €	+14.0%	2,7 M €	+12.1%	2,4 M €	+3.7%	2,3 M €
Cash	2 M €	+0.2%	2 M €	+0.6%	2 M €	+85.8%	1,1 M €	-37.4%	1,7 M €	+38.6%	1,2 M €	+105%	596,5 k €	-30.9%	862,6 k €	+76.9%	487,6 k €	+81.0%	269,4 k €	+2.6%	262,5 k €	-51.1%	536,8 k €	+52.3%	352,6 k €	-25.6%	473,7 k €	+185%	166,1 k €	-30.3%	238,3 k €	-25.1%	318,2 k €
Debts	3,1 M €	+2.7%	3 M €	-30.2%	4,4 M €	+27.2%	3,4 M €	-14.7%	4 M €	-2.5%	4,1 M €	+13.7%	3,6 M €	+17.4%	3,1 M €	-3.3%	3,2 M €	+3.2%	3,1 M €	-17.1%	3,7 M €	-5.3%	3,9 M €	+57.6%	2,5 M €	+20.0%	2,1 M €	+5.6%	2 M €	+14.8%	1,7 M €	-2.7%	1,8 M €
Other
Workforce	55,6 ETP	+5.9%	52,5 ETP	+11.2%	47,2 ETP	+1.3%	46,6 ETP	-5.7%	49,4 ETP	+11.0%	44,5 ETP	+12.9%	39,4 ETP	+10.4%	35,7 ETP	+6.3%	33,6 ETP	+6.7%	31,5 ETP	-5.1%	33,2 ETP	+15.3%	28,8 ETP	0.0%	28,8 ETP	+29.1%	22,3 ETP	+12.6%	19,8 ETP	+4.2%	19,0 ETP	+13.8%	16,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 7 ended

Active mandates

FRAMASO

bestuurder · since 01 avril 2023 · 0801.070.342

Represented by Frank MAES

Active

Ended mandates

Bert Maes

Manager · since 24 juin 2002

Ended

Bert Maes

bestuurder · until 23 mars 2023

Ended

Bert Maes

Mandate

Ended

Bert Maes

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/11/2025	19/11/2024	18/12/2023	25/11/2022	30/11/2021	30/11/2020
General meeting	30/10/2025	30/10/2024	29/11/2023	24/10/2022	30/11/2021	27/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	30/10/2025	14/11/2025	Dutch	PDF
Full model	31/03/2024	30/10/2024	19/11/2024	Dutch	PDF
Full model	31/03/2023	29/11/2023	18/12/2023	Dutch	PDF
Full model	31/03/2022	24/10/2022	25/11/2022	Dutch	PDF
Full model	31/03/2021	30/11/2021	30/11/2021	Dutch	PDF
Full model	31/03/2020	27/11/2020	30/11/2020	Dutch	PDF
Full model	31/03/2019	28/11/2019	29/11/2019	Dutch	PDF
Full model	31/03/2018	31/10/2018	09/11/2018	Dutch	PDF
Full model	31/03/2017	30/09/2017	03/11/2017	Dutch	PDF
Full model	31/03/2016	10/09/2016	14/10/2016	Dutch	PDF
Full model	31/03/2015	12/09/2015	30/09/2015	Dutch	PDF
Full model	31/03/2014	13/09/2014	18/09/2014	Dutch	PDF
Abridged model	31/03/2013	14/09/2013	16/09/2013	Dutch	PDF
Abridged model	31/03/2012	08/09/2012	10/09/2012	Dutch	PDF
Abridged model	31/03/2011	10/09/2011	20/09/2011	Dutch	PDF
Abridged model	31/03/2010	11/09/2010	14/09/2010	Dutch	PDF
Abridged model	31/03/2009	12/09/2009	15/09/2009	Dutch	PDF
Abridged model	31/03/2008	13/09/2008	22/09/2008	Dutch	PDF
Abridged model	31/03/2007	08/09/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 7 ended

Active mandates

FRAMASO

bestuurder · since 01 avril 2023 · 0801.070.342

Represented by Frank MAES

Active

Ended mandates

Bert Maes

Manager · since 24 juin 2002

Ended

Bert Maes

bestuurder · until 23 mars 2023

Ended

Bert Maes

Mandate

Ended

Bert Maes

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/12/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates11/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/06/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/05/2010
VERPLAATSEN MAATSCHAPPELIJKE ZETEL
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 20251,5 M €↓
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022864,6 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020497,1 k €↑
2019
Annual accounts 2019318,2 k €↑
2018
Annual accounts 2018309,3 k €↑
2017
Annual accounts 2017231 k €↑
2016
Annual accounts 201666,9 k €↑
2015
Annual accounts 201536,5 k €↓
2014
Annual accounts 201491,4 k €↓
2013
Annual accounts 2013120,8 k €↓
2012
Annual accounts 2012123 k €↑
2011
Annual accounts 201139,6 k €↓
2010
Annual accounts 2010135,5 k €↓
2009
Annual accounts 2009148,4 k €
01/07/2002
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

BERT MAES

Overview

What does BERT MAES do?

Trend over 17 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