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 13.9 to 3.
-
Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Maes International N.V. from Zandhoven, company number BE0438630634, closed financial year 2025 with a result of € 362,020 after tax. For that financial year Maes International N.V. recorded a gross margin of € 620,296 and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 451,137 to € 362,020. The company is profitable. 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 July 16, 2026.
€ 4.8 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 362,020
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 331,442
▼ 20% 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 € 3.6 million.
People and assets in 2025
3
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 287,524
▼ 44% vs 2024
€ 95,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 17,698
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 55,464
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,926,227 | € 2,291,059 | € 1,041,432 | € 620,296 | ▼ 40% |
| Profit after taxes | € 570,794 | € 1,256,811 | € 451,137 | € 362,020 | ▼ 20% |
| Equity | € 3,598,040 | € 4,854,851 | € 4,480,989 | € 4,843,009 | ▲ 8% |
| Total debts | € 3,129,833 | € 1,763,484 | € 1,840,853 | € 987,828 | ▼ 46% |
| Cash | € 291,407 | € 439,589 | € 414,524 | € 331,442 | ▼ 20% |
| Retained profit | € 2,348,040 | € 3,604,851 | € 3,230,989 | € 3,593,009 | ▲ 11% |
| Dividend | € 0 | € 0 | € 825,000 | € 0 | ▼ 100% |
| Bank debt | € 20,121 | € 5,956 | € 0 | € 0 | |
| Balance sheet total | € 6,727,874 | € 6,618,336 | € 6,321,841 | € 5,830,837 | ▼ 8% |
| Employees (FTE) | 13.6 | 13.9 | 6.3 | 3 | ▼ 3.3 |
Key figures of Maes International N.V., 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 International N.V.?
What happened at Maes International N.V. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Godelieve Winkelmans stepped down as director. NBB
- Albert Maes stepped down as director. NBB
- Greet Maes BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 362,020 (▼ 20% vs 2024). Source: NBB ↗
- Godelieve Winkelmans became a director. NBB
- Greet Maes BV became a director. NBB
- Albert Maes became a director. NBB
- New establishment in Zandhoven. KBO
In short
From € 570,794 profit in 2022 to € 362,020 profit in 2025.
Paid € 623,683 in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
On average € 206,800 of value added per employee in 2025.
A new publication or filing at Maes International N.V.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 67.7% of Maes and 14.5% of Safety Product itself.
Directors
According to the 2025 annual accounts
Godelieve Winkelmans
Managing director
Also active at: N.V.MAES, SAFETY PRODUCT, MAES ELEKTRO NV, STUURGROEP GRAM
since 2022 · until 2031
since 2011 · until 2031
Managing director · represented by Greet Maes
Also active at: N.V.MAES, GARAGE DE CNODDER, TRAFFIC SIGNS, MAES ELEKTRO NV, MAES INDUSTRIELE VERLICHTING, MONTACO, MAES LOGISTICS, Maes Rent & Sale +1 more
since 2019 · until 2031
Establishments
Establishment units
Physical locations of this company
Boudewijnlaan 5
2243 Zandhoven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →GARAGE DE CNODDER same network
€ 514,552 gross margin · 2025
Ludo Lysen
€ 56,621 gross margin · 2025
ACCESS PLATFORMS
€ 276,453 gross margin · 2025
Maes Rijplaten same network
€ 41,336 gross margin · 2025
MAES INDUSTRIELE VERLICHTING same network
€ 995,953 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.630.634
- VAT number
- BE 0438.630.634
- Registered office
- Boudewijnlaan 5, 2243 Zandhoven
- Names & denominations
- Maes International N.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1989
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering