M.A.P.
ActiveM.A.P. has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €244k and a net result of €-2k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▲+68
Solvency100▲+18
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 2.09 in 2023; short-term debt: 23.7% and cash: 4% of total assets), and 23.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.3%
Return on assets
-0.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
91 d late
2022
119 d late
2021
81 d late
2020
88 d late
2019
138 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€244k▼ 0.7%
2023 · €245k
2018: €407k
2019: €387k
2020: €391k
2021: €390k
2022: €370k
2023: €245k
2018 → 2024
Total assets
€319k▼ 25.3%
2023 · €427k
2018: €550k
2019: €538k
2020: €600k
2021: €555k
2022: €507k
2023: €427k
2018 → 2024
Net result
€-2k▲ 98.6%
2023 · €-124k
2018: €-29k
2019: €-20k
2020: €4k
2021: €-1k
2022: €-20k
2023: €-124k
2018 → 2024
Working capital
€208k▲ 4.8%
2023 · €198k
2018: €287k
2019: €290k
2020: €309k
2021: €319k
2022: €311k
2023: €198k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€391k-€390k▼ 0.4%€370k▼ 5.1%€245k▼ 33.7%€244k▼ 0.7%
Operating result€6k-€-165€-16k▼ 9,778%€-122k▼ 645%€-158▲ 99.9%
Net result€4k-€-1k€-20k▼ 1,321%€-124k▼ 531%€-2k▲ 98.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €158 in 2024 against €122k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €319k
Fixed assets
€36k▼ 24.1%
Current assets
€283k▼ 25.4%
Equity and liabilities €319k
Equity
€244k▼ 0.7%
Debt
€75k▼ 58.5%
The debt ratio falls from 42.6% to 23.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▲
2023 · €-110k
Cash flow
€10k▲
2023 · €-113k
Solvency
76.3%▲
2023 · 57.4%
Current ratio
3.75▲
2023 · 2.09
Quick ratio
1.30▲
2023 · 0.84
Debt / equity
0.31▼
2023 · 0.74
ROE
-0.7%▲
2023 · -50.7%
ROA
-0.6%▲
2023 · -29.1%
Interest coverage
8.62▲
2023 · -57.52
Debt
€75k▼
2023 · €182k
Debt ≤ 1 year
€75k▼
2023 · €182k
Income taxes
€375▼
2023 · €815
Staff costs
€265k▲
2023 · €235k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€427k€319k▼
Fixed assets21/28€47k€36k▼
Tangible fixed assets22/27€47k€36k▼
Plant, machinery and equipment23€7k€5k▼
Other tangible fixed assets26€40k€31k▼
Current assets29/58€380k€283k▼
Stocks and contracts in progress3€228k€186k▼
Stocks30/36€228k€186k▼
Amounts receivable within one year40/41€93k€67k▼
Trade receivables40€93k€58k▼
Other amounts receivable41€208€9k▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€43k€13k▼
Deferred charges and accrued income490/1€14k€17k▲
Equity and liabilities
Total equity and liabilities10/49€427k€319k▼
Equity10/15€245k€244k▼
Contributions10/11€62k€62k=
Reserves13€183k€182k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€177k€175k▼
Amounts payable17/49€182k€75k▼
Amounts payable within one year42/48€182k€75k▼
Trade debts44€63k€57k▼
Suppliers440/4€63k€57k▼
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€4k€1k▼
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€103k-
Income statement
Code20232024
Remuneration, social security and pensions62€235k€265k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€6k€17k▲
Gross operating margin9900€130k€292k▲
Operating profit (loss)9901€-122k€-158▲
Financial income75/76B€8€49▲
Recurring financial income75€8€49▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-124k€-1k▲
Income taxes67/77€815€375▼
Profit (loss) for the period9904€-124k€-2k▲
Profit (loss) for the period to be appropriated9905€-124k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€-2k▲
Transfer from equity791/2€124k€2k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Weakest financial yearnet €-124k
Net result drops to €-124k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 1983
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wezestraat 24-268850 ArdooieGround area
2,417 m²
Building footprint
1,758 m²
Volume, LiDAR
8,232 m³
Parcel 36001D0296/00A002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAP
since 19832.021.536.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0296/00A002 | Flanders | 2,416 m² | 1 · 1,758 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ALUMINIUM - KONSTRUKTIE KOSIJNSKI
BE 0418.344.172
Ninove · Eq €244k
JEM CONSULTING
BE 0639.763.597
Péruwelz · Eq €244k
XD COMFORT
BE 0745.838.245
Oostkamp · Eq €243k
Woonfase Brugge
BE 0476.655.327
Zedelgem · Eq €244k
GODERIS WILLY
BE 0438.368.239
Koksijde · Eq €244k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-12-1982
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
20300
43320Joinery installation
45421
45422
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.