ACTIVE

YVES MAES

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

+333.3% YoY

Revenue

67,2 M €

+2.1% YoY

Equity

5,5 M €

+44.0% YoY

Workforce

73,6 ETP

+1.9% YoY

What does YVES MAES do?

YVES MAES is a Private limited company incorporated in 2003. Its main activity is: Collection of non-hazardous waste. Its registered office is in Tessenderlo-Ham. It employs on average 73,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.494.216

Incorporation

05/11/2003

Legal form

Private limited company

Registered office

Snelwegstraat 7
3980 Tessenderlo-Ham · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

73,6 ETP

Activities (NACE)

38110Collection of non-hazardous waste· main 38110Collection of non-hazardous waste 38219Treatment and disposal of non-hazardous waste 38330Materials recovery 90021Support activities to performing arts 45113Sale of cars and light motor vehicles+4

Joint committees (7)

121
124
14003
14204
200
218
226

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	67,2 M €	+2.1%	65,8 M €	-12.0%	74,8 M €	-7.8%	81,2 M €	+8.2%	75,1 M €	+40.1%	53,6 M €	+21.0%	44,3 M €	+18.3%	37,4 M €	+19.4%	31,3 M €	+24.6%	25,1 M €	+23.7%	20,3 M €	+9.5%	18,6 M €	+52.7%	12,2 M €	+58.1%	7,7 M €		–		–		–		–		–		–
EBITDA	11 M €	+41.6%	7,8 M €	+3.3%	7,5 M €	+105%	3,7 M €	-38.6%	6 M €	-14.6%	7 M €	+71.9%	4,1 M €	-0.7%	4,1 M €	-26.4%	5,6 M €	+59.6%	3,5 M €	-2.3%	3,6 M €	+34.6%	2,6 M €	+26.4%	2,1 M €	+65.2%	1,3 M €	+16.8%	1,1 M €	-5.5%	1,1 M €	+104%	562,4 k €	-21.9%	719,8 k €	+189%	249 k €	+21.1%	205,5 k €
Operating result	3,1 M €	+344%	704,1 k €	+0.2%	702,5 k €	+125%	-2,8 M €	-400%	949,4 k €	-70.1%	3,2 M €	+256%	890,7 k €	-50.4%	1,8 M €	-37.7%	2,9 M €	+93.5%	1,5 M €	-12.7%	1,7 M €	+30.8%	1,3 M €	-4.1%	1,4 M €	+181%	483,9 k €	+10.4%	438,3 k €	-35.8%	682,3 k €	+166%	256,2 k €	-14.9%	301,1 k €	+269%	81,5 k €	+30.3%	62,6 k €
Net result	1,7 M €	+333%	-723,5 k €	-115%	-336,5 k €	+90.4%	-3,5 M €	-2978%	121,3 k €	-93.9%	2 M €	+487%	336,3 k €	-64.8%	956,6 k €	-19.1%	1,2 M €	+45.5%	812,3 k €	-17.2%	981,7 k €	+44.3%	680,2 k €	-8.3%	741,4 k €	+336%	170,1 k €	+6.1%	160,3 k €	-36.6%	253 k €	+381%	52,6 k €	-54.1%	114,4 k €	+161%	43,8 k €	-26.7%	59,8 k €
Balance sheet
Equity	5,5 M €	+44.0%	3,8 M €	-15.9%	4,6 M €	-6.9%	4,9 M €	-41.6%	8,4 M €	+1.5%	8,3 M €	+31.4%	6,3 M €	+5.7%	6 M €	+19.2%	5 M €	+31.0%	3,8 M €	+27.1%	3 M €	+35.2%	2,2 M €	+44.2%	1,5 M €	+93.0%	797,6 k €	+27.1%	627,4 k €	+34.3%	467,1 k €	+118%	214,2 k €	+32.5%	161,6 k €	+243%	47,2 k €	+1304%	3,4 k €
Total assets	44,7 M €	-5.7%	47,4 M €	-7.0%	50,9 M €	-0.5%	51,2 M €	+2.4%	50 M €	+48.7%	33,6 M €	+21.8%	27,6 M €	+14.2%	24,2 M €	+12.8%	21,4 M €	+10.5%	19,4 M €	+22.1%	15,9 M €	+29.9%	12,2 M €	+34.1%	9,1 M €	+65.0%	5,5 M €	+10.7%	5 M €	+0.4%	5 M €	+32.3%	3,8 M €	+12.4%	3,3 M €	+99.2%	1,7 M €	+35.0%	1,2 M €
Cash	387,5 k €	+245%	112,5 k €	-66.5%	335,8 k €	-61.6%	873,9 k €	-46.6%	1,6 M €	+32.8%	1,2 M €	+1016%	110,4 k €	+108%	53 k €	-83.0%	312,1 k €	+131%	135,3 k €	-60.9%	346 k €	+232%	104,1 k €	-64.3%	291,6 k €	+1661%	16,6 k €	+54.4%	10,7 k €	-96.8%	339,6 k €	+256%	95,3 k €	+149%	38,2 k €	+4101%	909,4 €		–
Debts	38,9 M €	-9.1%	42,8 M €	-7.5%	46,3 M €	+0.1%	46,3 M €	+12.0%	41,3 M €	+64.4%	25,1 M €	+18.3%	21,2 M €	+18.6%	17,9 M €	+11.7%	16 M €	+4.5%	15,3 M €	+22.5%	12,5 M €	+25.0%	10 M €	+33.5%	7,5 M €	+59.5%	4,7 M €	+7.8%	4,4 M €	-3.1%	4,5 M €	+27.1%	3,5 M €	+11.3%	3,2 M €	+95.1%	1,6 M €	+31.5%	1,2 M €
Other
Workforce	73,6 ETP	+1.9%	72,2 ETP	-1.4%	73,2 ETP	-11.1%	82,3 ETP	-31.2%	119,7 ETP	-16.6%	143,5 ETP	+7.8%	133,1 ETP	+24.2%	107,2 ETP	+33.2%	80,5 ETP	+21.6%	66,2 ETP	+16.8%	56,7 ETP	+2.9%	55,1 ETP	+74.9%	31,5 ETP	+24.0%	25,4 ETP	+16.0%	21,9 ETP	+15.9%	18,9 ETP	+8.6%	17,4 ETP	+12.3%	15,5 ETP	+31.4%	11,8 ETP	+34.1%	8,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

MAES RECYCLING GROUP

Director · 0668.636.836

Represented by Yves Maes

Active

Ended mandates

Yves Maes

Manager · since 04 novembre 2003

Ended

MAES RECYCLING GROUP

Manager · 0668.636.836

Represented by Yves Maes

Ended

Yves Maes

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Group MAES● Active	0764.558.156
JUKI● Active	1001.135.911
MAES RECYCLING GROUP● Active	0668.636.836
MRS RECYCLING● Active	0447.785.949
RECYCLING TEAM TESSENDERLO● Active	0877.318.280
YMA Trans● Active	0883.184.208

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	22/07/2025	22/05/2024	23/05/2023	31/05/2022	03/06/2021
General meeting	26/06/2026	30/06/2025	10/05/2024	21/04/2023	19/04/2022	11/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	10/05/2024	22/05/2024	Dutch	PDF
Full model	31/12/2022	21/04/2023	23/05/2023	Dutch	PDF
Full model	31/12/2021	19/04/2022	31/05/2022	Dutch	PDF
Full model	31/12/2020	11/05/2021	03/06/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	19/05/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	05/03/2014	14/04/2014	Dutch	PDF
Full model	31/12/2012	19/03/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/02/2012	01/03/2012	Dutch	PDF
Abridged model	31/12/2010	10/02/2011	16/02/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025 · 1 active · 3 ended

Active mandates

MAES RECYCLING GROUP

Director · 0668.636.836

Represented by Yves Maes

Active

Ended mandates

Yves Maes

Manager · since 04 novembre 2003

Ended

MAES RECYCLING GROUP

Manager · 0668.636.836

Represented by Yves Maes

Ended

Yves Maes

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring26/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2021
ONTSLAGEN - BENOEMINGEN
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 20251,7 M €↑
2024
Annual accounts 2024-723,5 k €↓
2023
Annual accounts 2023-336,5 k €↑
2022
Annual accounts 2022-3,5 M €↓
2021
Annual accounts 2021121,3 k €↓
2020
Annual accounts 20202 M €↑
2019
Annual accounts 2019336,3 k €↓
2018
Annual accounts 2018956,6 k €↓
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016812,3 k €↓
2015
Annual accounts 2015981,7 k €↑
2014
Annual accounts 2014680,2 k €↓
2013
Annual accounts 2013741,4 k €↑
2012
Annual accounts 2012170,1 k €↑
2011
Annual accounts 2011160,3 k €↓
2010
Annual accounts 2010253 k €↑
2009
Annual accounts 200952,6 k €↓
2008
Annual accounts 2008114,4 k €↑
2007
Annual accounts 200743,8 k €↓
2006
Annual accounts 200659,8 k €
05/11/2003
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

YVES MAES

Overview

What does YVES MAES do?

Trend over 20 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