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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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAES LOGISTICS from Zandhoven, company number BE0543758739, closed financial year 2025 with a result of € 200,614 after tax. For that financial year MAES LOGISTICS recorded a gross margin of € 3.7 million and equity of € 762,103. Compared with financial year 2024, the result moved from € 154,274 to € 200,614. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 762,103
▲ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 200,614
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 69,181
▼ 35% 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 € 599,945.
People and assets in 2025
2.4
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 227,414
▲ 13% vs 2024
€ 94,800 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.
€ 7.7 million
▲ 17% vs 2024
Of which on lease € 7.5 million.
Debts at end 2025
€ 10.4 million
▲ 23% vs 2024
€ 2.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 648,118
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 210,283
▲ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,114,616 | € 2,968,420 | € 3,469,461 | € 3,706,017 | ▲ 7% |
| Profit after taxes | € 159,862 | € -382,368 | € 154,274 | € 200,614 | ▲ 30% |
| Equity | € 709,024 | € 326,655 | € 480,930 | € 762,103 | ▲ 58% |
| Total debts | € 8,837,831 | € 10,242,453 | € 9,836,658 | € 11,831,323 | ▲ 20% |
| Cash | € 301,478 | € 37,724 | € 107,164 | € 69,181 | ▼ 35% |
| Retained profit | € 546,865 | € 164,497 | € 318,771 | € 599,945 | ▲ 88% |
| Bank debt | € 6,921,030 | € 8,734,759 | € 8,415,742 | € 10,384,557 | ▲ 23% |
| Balance sheet total | € 9,658,354 | € 10,674,793 | € 10,383,481 | € 12,642,545 | ▲ 22% |
| Employees (FTE) | 2.3 | 2 | 2.2 | 2.4 | ▲ 0.2 |
Key figures of MAES LOGISTICS, 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 LOGISTICS?
What happened at MAES LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 200,614 (▲ 30% vs 2024). Source: NBB ↗
- Greet Maes BV became a director. NBB
- New establishment in Zandhoven. KBO
- Start of the company according to the CBE. KBO
In short
From € 159,862 profit in 2022 to € 200,614 profit in 2025.
Paid € 6,171 in corporate taxes since 2022.
Best year ever: 2025, with € 200,614 profit.
On average € 1.5 million of value added per employee in 2025.
Management
The stake of GREET MAES, MONTACO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAES LOGISTICSBehind MAES LOGISTICS is Greet Maes BV. The shares are held by GREET MAES (63.3%) and MONTACO (36.7%).
Directors
According to the 2025 annual accounts
Director · represented by Greet Maes
Also active at: N.V.MAES, GARAGE DE CNODDER, TRAFFIC SIGNS, MAES ELEKTRO NV, Maes International N.V., MAES INDUSTRIELE VERLICHTING, MONTACO, Maes Rent & Sale +1 more
since 2019
Shareholders
63.3%
36.7%
Participations
No participations in other companies reported.
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 12 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 International N.V. same network
€ 620,296 gross margin · 2025
+7 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
- 0543.758.739
- VAT number
- BE 0543.758.739
- Registered office
- Boudewijnlaan 5, 2243 Zandhoven
- Names & denominations
- MAES LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 2013
- Peppol
- Active · Active since 23 Dec 2025
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