ACTIVE

Maes Ind.

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+123.9% YoY

Gross margin

4 M €

+27.9% YoY

Equity

2,2 M €

+111.0% YoY

Workforce

28,9 ETP

-10.2% YoY

What does Maes Ind. do?

Maes Ind. is a Private limited company incorporated in 2006. Its registered office is in Herentals. It employs on average 28,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.188.265

Incorporation

28/08/2006

Legal form

Private limited company

Registered office

Hemeldonk(HRT) 1
2200 Herentals · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

28,9 ETP

Joint committees (3)

14901
200
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 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
Gross margin	4 M €	+27.9%	3,2 M €		–		–		–		–		–		2,7 M €	-9.1%	2,9 M €	+37.2%	2,1 M €	+43.0%	1,5 M €	+24.5%	1,2 M €	+1.7%	1,2 M €	+106%	576,4 k €	+116%	266,4 k €	+24.8%	213,5 k €	+123%	95,9 k €	+27.9%	75 k €	+29.2%	58,1 k €	+616%	8,1 k €
EBITDA	1,8 M €	+114%	829,6 k €	+119%	379,6 k €	-56.7%	876,2 k €	-4.7%	919,9 k €	+113%	431,5 k €	-63.0%	1,2 M €	+42.3%	819,5 k €	-41.3%	1,4 M €	+52.4%	915,6 k €	+57.9%	580 k €	+0.4%	577,8 k €	+10.6%	522,4 k €	+149%	209,5 k €	+62.0%	129,3 k €	-19.0%	159,6 k €	+114%	74,5 k €	+19.7%	62,3 k €	+46.0%	42,6 k €	+450%	7,8 k €
Operating result	1,6 M €	+111%	776,9 k €	+589%	112,8 k €	-84.5%	730,2 k €	-6.2%	778,6 k €	+204%	255,8 k €	-73.8%	977,8 k €	+21.1%	807,5 k €	-34.8%	1,2 M €	+71.2%	723,1 k €	+54.2%	468,9 k €	+29.9%	361,1 k €	-0.8%	364,2 k €	+765%	42,1 k €	-16.0%	50,1 k €	-49.7%	99,6 k €	+125%	44,3 k €	+25.7%	35,2 k €	+135%	15 k €	+248%	4,3 k €
Net result	1,2 M €	+124%	523,8 k €	+760%	60,9 k €	-87.9%	503,6 k €	-9.5%	556,7 k €	+509%	91,4 k €	-84.1%	575,7 k €	+15.0%	500,4 k €	-34.6%	764,8 k €	+62.9%	469,5 k €	+32.4%	354,7 k €	+63.9%	216,4 k €	-8.1%	235,3 k €	+17701%	-1,3 k €	-103%	52,8 k €	+10.0%	48 k €	+165%	18,1 k €	+94.7%	9,3 k €	+308%	2,3 k €	+2.8%	2,2 k €
Balance sheet
Equity	2,2 M €	+111%	1,1 M €	-75.3%	4,3 M €	+1.4%	4,2 M €	+13.6%	3,7 M €	+17.6%	3,2 M €	+3.0%	3,1 M €	+23.1%	2,5 M €	+25.1%	2 M €	+62.4%	1,2 M €	+62.1%	756,3 k €	+25.7%	601,6 k €	+56.2%	385,3 k €	+157%	149,9 k €	-0.9%	151,3 k €	+53.6%	98,5 k €	+95.1%	50,5 k €	+55.8%	32,4 k €	+203%	10,7 k €	+27.1%	8,4 k €
Total assets	4,7 M €	+31.7%	3,5 M €	-51.9%	7,4 M €	-8.8%	8,1 M €	+6.3%	7,6 M €	+20.5%	6,3 M €	-2.0%	6,4 M €	-3.2%	6,6 M €	+23.5%	5,4 M €	+34.2%	4 M €	+29.0%	3,1 M €	+35.7%	2,3 M €	+5.8%	2,2 M €	-10.1%	2,4 M €	+200%	801,2 k €	+7.7%	743,6 k €	+115%	345,1 k €	+12.2%	307,7 k €	-6.5%	329,1 k €	+283%	86 k €
Cash	318,7 k €	-44.8%	577 k €	+31.0%	440,5 k €	-4.1%	459,5 k €	+54.5%	297,5 k €	-51.1%	607,9 k €	-14.2%	708,7 k €	+121%	320,3 k €		–		279,9 k €	+3.4%	270,8 k €	-10.5%	302,4 k €	+19.4%	253,4 k €	+99.7%	126,9 k €	+197%	42,7 k €	-46.1%	79,3 k €	+239%	23,4 k €	+957%	2,2 k €	+4026%	53,6 €	-73.3%	200,7 €
Debts	2,4 M €	-2.0%	2,5 M €	-19.4%	3,1 M €	-19.8%	3,8 M €	-0.6%	3,9 M €	+23.6%	3,1 M €	-6.6%	3,4 M €	-18.9%	4,1 M €	+22.5%	3,4 M €	+22.0%	2,8 M €	+18.6%	2,3 M €	+39.8%	1,7 M €	-0.1%	1,7 M €	-25.4%	2,2 M €	+255%	629,7 k €	+6.2%	592,7 k €	+101%	294,6 k €	+7.0%	275,3 k €	-13.5%	318,3 k €	+310%	77,6 k €
Other
Workforce	28,9 ETP	-10.2%	32,2 ETP	-6.1%	34,3 ETP	-5.0%	36,1 ETP	-8.4%	39,4 ETP	+8.5%	36,3 ETP	+6.8%	34,0 ETP	+9.0%	31,2 ETP	+0.3%	31,1 ETP	+24.4%	25,0 ETP	+50.6%	16,6 ETP	+40.7%	11,8 ETP	-10.6%	13,2 ETP	+80.8%	7,3 ETP	+152%	2,9 ETP	+142%	1,2 ETP	+140%	0,5 ETP	+66.7%	0,3 ETP	-57.1%	0,7 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 31/12/2025 · 1 active · 15 ended

Active mandates

M & M

Director · since 10 décembre 2024 · 0869.899.463

Represented by Jimmy MAES

Active

Ended mandates

JANSEN TECHNICS

Director · since 15 mars 2022 · 0782.418.529

Represented by André-Philippe Moriau

Ended

JANSEN THE BUILDING COMPANY

Director · since 15 mars 2022 · 0474.818.463

Represented by Nadia Jansen

Ended

LAMA & CO

Director · since 15 mars 2022 · 0687.941.816

Represented by Jimmy Maes

Ended

M & M

Manager · since 01 octobre 2011 · 0869.899.463

Represented by Jimmy Maes

Ended

At this address

Other companies at this address

Company	CBE no.
Hemeldonk● Active	0801.613.047
Kempen Industries● Active	0798.930.107
Tech Investment Partners● Active	1031.920.840
WPN ALGEMENE DAKWERKEN● Active	0472.920.035

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	12/05/2026	09/07/2025	20/07/2024	13/07/2023	08/07/2022	02/07/2021
General meeting	06/05/2026	17/06/2025	19/07/2024	10/07/2023	21/06/2022	28/06/2021
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
Abridged model	31/12/2025	06/05/2026	12/05/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	19/07/2024	20/07/2024	Dutch	PDF
Full model	31/12/2022	10/07/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	27/09/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	02/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	25/07/2007	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 31/12/2025 · 1 active · 15 ended

Active mandates

M & M

Director · since 10 décembre 2024 · 0869.899.463

Represented by Jimmy MAES

Active

Ended mandates

JANSEN TECHNICS

Director · since 15 mars 2022 · 0782.418.529

Represented by André-Philippe Moriau

Ended

JANSEN THE BUILDING COMPANY

Director · since 15 mars 2022 · 0474.818.463

Represented by Nadia Jansen

Ended

LAMA & CO

Director · since 15 mars 2022 · 0687.941.816

Represented by Jimmy Maes

Ended

M & M

Manager · since 01 octobre 2011 · 0869.899.463

Represented by Jimmy Maes

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2024
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other23/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ALGEMENE VERGADERING
PDF
Mandates30/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2017
KAPITAAL - AANDELEN
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 20251,2 M €↑
2024
Annual accounts 2024523,8 k €↑
2023
Annual accounts 202360,9 k €↓
2022
Annual accounts 2022503,6 k €↓
2022
Name changeJansen Comfort Solutions
2021
Annual accounts 2021556,7 k €↑
2021
Name changeMaes Ind.
2020
Annual accounts 202091,4 k €↓
2019
Annual accounts 2019575,7 k €↑
2018
Annual accounts 2018500,4 k €↓
2017
Annual accounts 2017764,8 k €↑
2016
Annual accounts 2016469,5 k €↑
2015
Annual accounts 2015354,7 k €↑
2014
Annual accounts 2014216,4 k €↓
2013
Annual accounts 2013235,3 k €↑
2012
Annual accounts 2012-1,3 k €↓
2011
Annual accounts 201152,8 k €↑
2010
Annual accounts 201048 k €↑
2009
Annual accounts 200918,1 k €↑
2008
Annual accounts 20089,3 k €↑
2007
Annual accounts 20072,3 k €↑
2006
Annual accounts 20062,2 k €
28/08/2006
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 Ind.

Overview

What does Maes Ind. 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