ACTIVE

SD Maes

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Financial year 2025 · closed on 31/12/2025
Net result
55,4 k €
-34.8% YoY
Gross margin
230,3 k €
-20.2% YoY
Equity
373,7 k €
+7.2% YoY
Workforce
1,6 ETP
-11.1% YoY

What does SD Maes do?

SD Maes is a Private limited company incorporated in 2012. Its main activity is: Painting and glazing. Its registered office is in Stekene. It employs on average 1,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0843.095.492
Incorporation
26/01/2012
Legal form
Private limited company
Registered office
Kiekenhaag(STE) 77A
9190 Stekene · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
1,6 ETP
Activities (NACE)
43341Painting and glazing· main43341Painting and glazing
Joint committees (4)
  • 124
  • 200
  • 2000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin230,3 k €288,6 k €280,2 k €462 k €272 k €184,4 k €153,9 k €194,5 k €123,4 k €58,2 k €74,4 k €77,1 k €130,4 k €314,1 k €
EBITDA136,5 k €178,4 k €204,7 k €407,7 k €235 k €157,6 k €74,2 k €123,1 k €67,4 k €48,6 k €25,2 k €23,2 k €8,5 k €54,6 k €
Operating result93,8 k €128,9 k €170,4 k €356,1 k €222,1 k €131,8 k €49,3 k €88,7 k €65,2 k €38,4 k €20,9 k €18,9 k €4,3 k €49,4 k €
Net result55,4 k €84,9 k €126,4 k €320,3 k €184,2 k €93,2 k €2,6 k €48,9 k €36,1 k €16 k €2,5 k €7,2 k €-16,8 k €26,2 k €
Balance sheet
Equity373,7 k €348,4 k €320,5 k €270,4 k €242,8 k €208,7 k €115,5 k €112,9 k €63,9 k €27,8 k €11,8 k €9,3 k €-10,4 k €6,4 k €
Total assets1,2 M €1 M €936,8 k €1,1 M €1,1 M €822,2 k €822,7 k €659,7 k €330,4 k €247,8 k €156,9 k €116,5 k €175 k €137,7 k €
Cash80,8 k €107,7 k €31,1 k €133,9 k €36,5 k €48,9 €1,3 k €4,4 k €4,3 k €1,4 k €1,4 k €8,9 k €––
Debts826,5 k €676,2 k €616,2 k €792 k €862,7 k €609,9 k €698,5 k €546,8 k €264 k €215,2 k €143,6 k €105,6 k €185 k €131,3 k €
Other
Workforce1,6 ETP1,8 ETP1,3 ETP1,0 ETP0,9 ETP0,8 ETP––––1,6 ETP1,9 ETP3,6 ETP6,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Céju Invest

Director · since 02 avril 2021 · 0766.334.741

Represented by Glenn MAES

Active

Ended mandates

Céju Invest

Director · since 02 avril 2021 · 0766.334.741

Represented by Maes GLENN

Ended
Glenn Maes

Director · until 01 avril 2021

Ended
GLENN MAES

Director · until 02 avril 2021

Ended
GLENN MAES

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date29/06/202628/08/202529/08/202428/08/202301/08/202225/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202629/06/2026DutchPDF
Abridged model31/12/202427/06/202528/08/2025DutchPDF
Abridged model31/12/202328/06/202429/08/2024DutchPDF
Abridged model31/12/202230/06/202328/08/2023DutchPDF
Abridged model31/12/202124/06/202201/08/2022DutchPDF
Abridged model31/12/202025/06/202125/08/2021DutchPDF
Micro model31/12/201907/09/202005/10/2020DutchPDF
Micro model31/12/201828/06/201931/10/2019DutchPDF
Micro model31/12/201729/06/201830/08/2018DutchPDF
Abridged model31/12/201630/06/201706/07/2017DutchPDF
Abridged model31/12/201524/06/201616/07/2016DutchPDF
Abridged model31/12/201401/04/201517/04/2015DutchPDF
Abridged model31/12/201327/06/201429/08/2014DutchPDF
Abridged model31/12/201228/06/201313/08/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 4 ended

Active mandates

Céju Invest

Director · since 02 avril 2021 · 0766.334.741

Represented by Glenn MAES

Active

Ended mandates

Céju Invest

Director · since 02 avril 2021 · 0766.334.741

Represented by Maes GLENN

Ended
Glenn Maes

Director · until 01 avril 2021

Ended
GLENN MAES

Director · until 02 avril 2021

Ended
GLENN MAES

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/03/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/03/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/12/2013
    BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/10/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Other08/02/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202555,4 k €↓
  2. 2024
    Annual accounts 202484,9 k €↓
  3. 2023
    Annual accounts 2023126,4 k €↓
  4. 2023
    Name changeSD Maes BV
  5. 2022
    Annual accounts 2022320,3 k €↑
  6. 2021
    Annual accounts 2021184,2 k €↑
  7. 2021
    Name changeSchilderwerken Maes
  8. 2020
    Annual accounts 202093,2 k €↑
  9. 2019
    Annual accounts 20192,6 k €↓
  10. 2018
    Annual accounts 201848,9 k €↑
  11. 2017
    Annual accounts 201736,1 k €↑
  12. 2016
    Annual accounts 201616 k €↑
  13. 2015
    Annual accounts 20152,5 k €↓
  14. 2014
    Annual accounts 20147,2 k €↑
  15. 2013
    Annual accounts 2013-16,8 k €↓
  16. 2012
    Annual accounts 201226,2 k €
  17. 26/01/2012
    IncorporationPrivate limited company