ACTIVE

MAES & COUCKE

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Financial year 2025 · closed on 30/09/2025

Net result

988 k €

-7.1% YoY

Revenue

25 M €

+4.7% YoY

Equity

4 M €

+10.9% YoY

Workforce

46,5 ETP

+9.9% YoY

What does MAES & COUCKE do?

MAES & COUCKE is a Private limited company incorporated in 2009. Its main activity is: Construction of buildings. Its registered office is in Dentergem. It employs on average 46,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0817.669.418

Incorporation

10/08/2009

Legal form

Private limited company

Registered office

Tieltstraat 22
8720 Dentergem · FlandreSee on map

Contributed capital

42 000,00 €

Latest accounts

30/09/2025

Average workforce

46,5 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 41101Development of building projects 68121Buying and selling of own real estate

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	25 M €	+4.7%	23,9 M €	+21.0%	19,7 M €	-3.6%	20,5 M €	+21.5%	16,9 M €	+25.0%	13,5 M €	+15.7%	11,7 M €		–		–		–		–		–		–		–		–		–
EBITDA	1,4 M €	-7.9%	1,6 M €	-18.2%	1,9 M €	-31.9%	2,8 M €	+70.8%	1,6 M €	+14.3%	1,4 M €	-23.2%	1,9 M €	+94.8%	955,3 k €	+30.2%	734 k €	-14.7%	860,6 k €	+79.7%	478,9 k €	+116%	221,3 k €	+50.7%	146,8 k €	-17.8%	178,6 k €	+103%	88 k €	+77.0%	49,7 k €
Operating result	1,2 M €	-10.2%	1,3 M €	-22.6%	1,7 M €	-36.0%	2,6 M €	+83.6%	1,4 M €	+17.6%	1,2 M €	-27.0%	1,7 M €	+63.2%	1 M €	+97.5%	514,6 k €	-5.3%	543,3 k €	+48.7%	365,4 k €	+244%	106,3 k €	+84.2%	57,7 k €	-59.4%	142,2 k €	+698%	17,8 k €	-40.4%	29,9 k €
Net result	988 k €	-7.1%	1,1 M €	-12.6%	1,2 M €	-35.8%	1,9 M €	+75.0%	1,1 M €	+23.3%	877,5 k €	-26.4%	1,2 M €	+69.4%	703,2 k €	+132%	302,5 k €	-7.0%	325,4 k €	+72.1%	189,1 k €	+256%	53,1 k €	+99.2%	26,7 k €	-6.4%	28,5 k €	+242%	8,3 k €	-64.8%	23,7 k €
Balance sheet
Equity	4 M €	+10.9%	3,6 M €	+13.3%	3,2 M €	+17.9%	2,7 M €	+38.8%	2 M €	+30.1%	1,5 M €	+30.3%	1,2 M €	+51.5%	760,8 k €	+41.0%	539,6 k €	+29.4%	417,1 k €	+20.6%	345,7 k €	+121%	156,6 k €	+42.9%	109,6 k €	+23.6%	88,7 k €	+34.3%	66 k €	+14.4%	57,7 k €
Total assets	11,7 M €	+26.9%	9,3 M €	+23.2%	7,5 M €	-0.6%	7,6 M €	+20.9%	6,2 M €	+0.8%	6,2 M €	+22.2%	5,1 M €	+10.0%	4,6 M €	+7.1%	4,3 M €	+32.8%	3,2 M €	+34.2%	2,4 M €	+63.6%	1,5 M €	+32.8%	1,1 M €	+54.4%	719,7 k €	-15.0%	846,8 k €	+169%	315,1 k €
Cash	226,3 k €	-5.4%	239,2 k €	-29.0%	336,8 k €	-23.8%	442,2 k €	+39.0%	318,2 k €	+1.7%	313 k €	+1.2%	309,2 k €	-39.6%	511,8 k €	+189%	177,2 k €	+561%	26,8 k €	-38.9%	43,9 k €	-20.6%	55,3 k €	+48.7%	37,2 k €	-63.5%	101,8 k €	+7.8%	94,4 k €		–
Debts	7,7 M €	+37.3%	5,6 M €	+30.5%	4,3 M €	-10.9%	4,8 M €	+13.8%	4,3 M €	-8.6%	4,7 M €	+20.0%	3,9 M €	+1.9%	3,8 M €	+2.3%	3,7 M €	+33.9%	2,8 M €	+37.2%	2 M €	+58.5%	1,3 M €	+32.9%	962,6 k €	+62.6%	592 k €	-20.1%	741,1 k €	+235%	221 k €
Other
Workforce	46,5 ETP	+9.9%	42,3 ETP	+13.4%	37,3 ETP	+0.8%	37,0 ETP	+3.9%	35,6 ETP	+19.5%	29,8 ETP	+32.4%	22,5 ETP	+26.4%	17,8 ETP	+35.9%	13,1 ETP	+31.0%	10,0 ETP	+42.9%	7,0 ETP	+40.0%	5,0 ETP	+61.3%	3,1 ETP	+3.3%	3,0 ETP	+50.0%	2,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Overbeke

Director · since 21 décembre 2017 · 0681.907.030

Represented by Cederic Maes

Active

Ended mandates

Overbeke

Manager · since 21 décembre 2017 · 0681.907.030

Represented by Cederic Maes

Ended

Overbeke

Manager · since 21 décembre 2017 · 0681.907.030

Represented by Cederic MAES

Ended

Cederic Maes

Manager · until 21 décembre 2017

Ended

Cederic Maes

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Casteele Goet● Active	0795.232.229
Overbeke● Active	0681.907.030

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/04/2026	28/03/2025	29/03/2024	27/03/2023	09/03/2022	23/03/2021
General meeting	26/03/2026	26/03/2025	26/03/2024	27/03/2023	03/03/2022	03/03/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	26/03/2026	15/04/2026	Dutch	PDF
Full model	30/09/2024	26/03/2025	28/03/2025	Dutch	PDF
Full model	30/09/2023	26/03/2024	29/03/2024	Dutch	PDF
Full model	30/09/2022	27/03/2023	27/03/2023	Dutch	PDF
Full model	30/09/2021	03/03/2022	09/03/2022	Dutch	PDF
Full model	30/09/2020	03/03/2021	23/03/2021	Dutch	PDF
Full model	30/09/2019	03/03/2020	21/03/2020	Dutch	PDF
Abridged model	30/09/2018	04/03/2019	27/03/2019	Dutch	PDF
Abridged model	30/09/2017	03/03/2018	24/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	03/03/2016	22/03/2016	Dutch	PDF
Abridged model	30/09/2014	03/03/2015	05/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/02/2014	07/02/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	16/03/2013	Dutch	PDF
Abridged model	30/09/2011	03/03/2012	20/03/2012	Dutch	PDF
Abridged model	30/09/2010	03/03/2011	23/03/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 1 active · 6 ended

Active mandates

Overbeke

Director · since 21 décembre 2017 · 0681.907.030

Represented by Cederic Maes

Active

Ended mandates

Overbeke

Manager · since 21 décembre 2017 · 0681.907.030

Represented by Cederic Maes

Ended

Overbeke

Manager · since 21 décembre 2017 · 0681.907.030

Represented by Cederic MAES

Ended

Cederic Maes

Manager · until 21 décembre 2017

Ended

Cederic Maes

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2023
DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates18/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other14/10/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office07/11/2011
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 2025988 k €↓
2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20221,9 M €↑
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020877,5 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018703,2 k €↑
2017
Annual accounts 2017302,5 k €↓
2016
Annual accounts 2016325,4 k €↑
2015
Annual accounts 2015189,1 k €↑
2014
Annual accounts 201453,1 k €↑
2013
Annual accounts 201326,7 k €↓
2012
Annual accounts 201228,5 k €↑
2011
Annual accounts 20118,3 k €↓
2010
Annual accounts 201023,7 k €
10/08/2009
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 & COUCKE

Overview

What does MAES & COUCKE do?

Trend over 16 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