Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6 to 5.1.
Financials
Financial year 2025
MAES METAL from Ardooie, company number BE0405443766, closed financial year 2025 with a result of € 113,754 after tax. For that financial year MAES METAL recorded a gross margin of € 463,781 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -13,808 to € 113,754. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 1.2 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 113,754
▲ still € 13,808 loss in 2024
Profit after tax over the fiscal year.
€ 80,518
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
5.1
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 135,591
▼ 5% vs 2024
€ 26,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 804,075
▼ 14% vs 2024
Of which on lease € 800,603.
Debts at end 2025
€ 1.1 million
▼ 16% vs 2024
€ 205,559 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 94,503
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,422
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 352,723 | € 414,389 | € 323,313 | € 463,781 | ▲ 43% |
| Profit after taxes | € 75,097 | € 16,108 | € -13,808 | € 113,754 | ▲ € 127,562 |
| Equity | € 1,099,056 | € 1,115,163 | € 1,101,355 | € 1,215,109 | ▲ 10% |
| Total debts | € 1,859,043 | € 1,617,594 | € 1,542,417 | € 1,222,806 | ▼ 21% |
| Cash | € 181,069 | € 57,310 | € 130,283 | € 80,518 | ▼ 38% |
| Land & buildings | € 257,397 | € 257,397 | € 257,397 | € 257,397 | |
| Retained profit | € 975,056 | € 991,163 | € 977,355 | € 1,091,109 | ▲ 12% |
| Bank debt | € 1,743,741 | € 1,510,985 | € 1,266,872 | € 1,068,416 | ▼ 16% |
| Balance sheet total | € 3,209,726 | € 2,960,780 | € 2,845,538 | € 2,613,425 | ▼ 8% |
| Employees (FTE) | 7.3 | 6 | 5.7 | 5.1 | ▼ 0.6 |
Key figures of MAES METAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAES METAL?
What happened at MAES METAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TERTIUS VULPES COMMV. stepped down as director. NBB
- FOX II COMMV. stepped down as director. NBB
- ICARUS INVEST B.V. stepped down as director. NBB
- MALPERTUUS B.V. stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 113,754. Source: NBB ↗
- TERTIUS VULPES COMMV. became a director. NBB
- FOX II COMMV. became a director. NBB
- ICARUS INVEST B.V. became a director. NBB
In short
From € 75,097 profit in 2022 to € 113,754 profit in 2025.
Paid € 193,015 in corporate taxes since 2022.
Best year ever: 2025, with € 113,754 profit.
On average € 90,900 of value added per employee in 2025.
Management
The stake of ICARUS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAES METALThe shares are held by ICARUS INVEST (99.5%).
Directors
According to the 2025 annual accounts
Director · represented by Xavier Devos
Also active at: DAFCO, METAFOX, De Pypere, PoletDePypere Company, R&R CONSULT
since 2023 · until 2028
Managing director · represented by Olivier Devos
Also active at: WERKHUIZEN ALLEMEERSCH, METAFOX, G.D. ENGINEERING, ALLFOX, IJ-INVEST, R&R CONSULT
since 2023 · until 2028
Managing director · represented by Roger Spiessens
Also active at: METAFOX, G.D. ENGINEERING, PoletDePypere Company, ASCOLIA, R&R CONSULT
since 2023 · until 2028
Director · represented by Frederique Devos
Also active at: WERKHUIZEN ALLEMEERSCH, METAFOX, JAEGERSON, IJ-INVEST, ASCOLIA, R&R CONSULT
since 2023 · until 2028
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 176
8850 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →DAFCO same network
€ 553,074 gross margin · 2025
METAFOX same network
€ 9.3 million revenue · 2025
ALLFOX same network
€ 1.4 million gross margin · 2025
RRC
IJ-INVEST same network
€ 360,000 revenue · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
Domain
Domain
maesmetal.com
Registered
2000-03-10
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-03-10
Website info
Features
Security
Details
- Company number
- 0405.443.766
- VAT number
- BE 0405.443.766
- Registered office
- Stationsstraat 176, 8850 Ardooie
- Names & denominations
- MAES METAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- maesmetal.com [email protected] 051740059
- Activities · NACE
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