Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAEPO from Horebeke, company number BE0542373916, closed financial year 2025 with a result of € -601,718 after tax. For that financial year MAEPO recorded a gross margin of € -380,572 and equity of € -260,082. Compared with financial year 2024, the result moved from € -360,649 to € -601,718. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -260,082
▼ € 601,718 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -601,718
▼ 67 % more loss than in 2024
Profit after tax over the fiscal year.
€ 130,307
▲ € 113,807 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -510,082.
Debts at end 2025
€ 4.6 million
▼ 20% vs 2024
Loans from banks and other lenders, long and short.
€ 196,808
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,728
▼ 95% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,945 | € -156,741 | € -146,825 | € -380,572 | ▼ € 233,746 |
| Profit after taxes | € -59,816 | € -296,535 | € -360,649 | € -601,718 | ▼ € 241,069 |
| Equity | € 998,821 | € 702,285 | € 341,636 | € -260,082 | ▼ € 601,718 |
| Total debts | € 4,348,005 | € 4,897,543 | € 6,497,151 | € 4,829,604 | ▼ 26% |
| Cash | € 1,923,442 | € 46,341 | € 16,500 | € 130,307 | ▲ € 113,807 |
| Retained profit | € 748,821 | € 452,285 | € 91,636 | € -510,082 | ▼ € 601,718 |
| Dividend | € 300,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 4,296,451 | € 4,735,230 | € 5,741,668 | € 4,620,767 | ▼ 20% |
| Balance sheet total | € 5,346,826 | € 5,599,829 | € 6,838,787 | € 4,569,522 | ▼ 33% |
Key figures of MAEPO, 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 MAEPO?
What happened at MAEPO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc Ponnet stepped down as director. NBB
- M Triple Niner BVBA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 601,718. filed late Source: NBB ↗
- Marc Ponnet became a director. NBB
- M Triple Niner BVBA became a director. NBB
- New establishment in Maarkedal. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,816 loss in 2022 to € 601,718 loss in 2025.
Paid out € 300,000 in dividends to the owners in total.
Management
The stake of VASTMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAEPOThe shares are held by VASTMA (25%).
Directors
According to the 2025 annual accounts
Marc Ponnet
Managing director
Also active at: LABOFLORA EN/OF MARC PONNET EN/OF LIEVEKE REYNAERT, BRUGGE MARINE CENTER, BEKRI, Iberion, BELLAMAR, Monbeau, CICERONE
since 2025 · until 2031
Director · represented by Kris Maertens
Also active at: Demote Vastgoed, DE GROOTE FABRIEKE
since 2025 · until 2031
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenberg 4
9667 Horebeke
Herpelstraat 4
9688 Maarkedal
Active since 21 November 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →M NINER
€ 12,496 gross margin · 2025
M Triple Niner same network
€ 125,444 gross margin · 2025
DE GROOTE FABRIEKE same network
€ -2,251 gross margin · 2025
VASTMA same network
€ -132,814 gross margin · 2025
Mapi
€ -8,538 gross margin · 2025
+1 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
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0542.373.916
- VAT number
- BE 0542.373.916
- Registered office
- Steenberg 4, 9667 Horebeke
- Names & denominations
- MAEPO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2013
- Peppol
- Active · Active since 17 Oct 2025
- Contact
- steenberggroup.be
- Activities · NACE
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