MAP
ActiveSummary
The computed 12-month bankruptcy probability of MAP is 1.9% (moderate). The 2025 annual accounts show equity of €23,666 and a net result of €12,930. Its solvency ranks better than 40% of 1,852 sector peers (NACE 59, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €23,666
- Profit
- €12,930
Why 55raises risk2 changes of registered office in 24 monthsFounded in 2024lowers riskSector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)Liquidity: current ratio 1.52, cash €19,034Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro): better than 44% on solvency, 45% on liquidity, 79% on profitability and 91% on growth.
The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 2 days before the deadline; the sector median (NACE 59) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 27% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,671 | €471 | ▼ 71.8% |
| Other operating charges640/8 | €460 | €649 | ▲ 40.9% |
| Gross operating margin9900 | €18,294 | €21,677 | ▲ 18.5% |
| Operating profit (loss)9901 | €16,162 | €20,557 | ▲ 27.2% |
| Financial charges65/66B | €66 | €606 | ▲ 822% |
| Recurring financial charges65 | €66 | €606 | ▲ 822% |
| Profit (loss) for the period before taxes9903 | €16,096 | €19,951 | ▲ 23.9% |
| Income taxes67/77 | €5,228 | €7,021 | ▲ 34.3% |
| Profit (loss) for the period9904 | €10,869 | €12,930 | ▲ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €10,869 | €12,930 | ▲ 19.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €38,356 | €66,101 | ▲ 72.3% |
| Fixed assets21/28 | €640 | €1,456 | ▲ 127% |
| Tangible fixed assets22/27 | €640 | €1,456 | ▲ 127% |
| Furniture and vehicles24 | €640 | €1,456 | ▲ 127% |
| Current assets29/58 | €37,715 | €64,645 | ▲ 71.4% |
| Amounts receivable within one year40/41 | €28,866 | €45,500 | ▲ 57.6% |
| Trade receivables40 | €28,866 | €45,492 | ▲ 57.6% |
| Other amounts receivable41 | - | €7 | - |
| Cash at bank and in hand54/58 | €8,744 | €19,034 | ▲ 118% |
| Deferred charges and accrued income490/1 | €105 | €112 | ▲ 6.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €38,356 | €66,101 | ▲ 72.3% |
| Equity10/15 | €11,569 | €23,666 | ▲ 105% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €10,069 | €22,166 | ▲ 120% |
| Amounts payable17/49 | €26,787 | €42,435 | ▲ 58.4% |
| Amounts payable within one year42/48 | €26,787 | €42,435 | ▲ 58.4% |
| Trade debts44 | €5,482 | €7,578 | ▲ 38.2% |
| Suppliers440/4 | €5,482 | €7,578 | ▲ 38.2% |
| Advances received on contracts in progress46 | - | €1,452 | - |
| Taxes, remuneration and social security45 | €14,421 | €23,315 | ▲ 61.7% |
| Taxes450/3 | €13,101 | €21,843 | ▲ 66.7% |
| Remuneration and social security454/9 | €1,320 | €1,472 | ▲ 11.5% |
| Other amounts payable47/48 | €6,884 | €10,090 | ▲ 46.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,869 | €12,930 | ▲ 19.0% |
| + Depreciation and write-downs630 | €1,671 | €471 | ▼ 71.8% |
| Operating cash flow (approximation) | €12,540 | €13,401 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€1,286 | - |
| Change in cash | - | €10,290 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00371895 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00352785 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
24-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Registered-office move, Avenue van der Meerschen 84 1150 Woluwe-Saint-Pierre
- Other provision, “authentic deed and statutory amendment deferral, article 2:4 du CSA” (deed in French)
02-12
Gazette deed
Registered officeRegistered-office move · Director in office4 facts ▸
- Other provision, “publication copy number”, 24170333 (deed in French)
- General meeting, 08-08-2024
- Registered-office move, Rue du Petit Sart 68 à 1390 Grez-Doiceau
- Director in office, VANWASSENHOVEN Melvin (director)
05-04
Gazette deed
IncorporationAppointment: PIOLÉ Marie-Audrey (director) · Founding capital · Capital11 facts ▸
- Incorporation, 02-04-2024
- Other provision, “plan financier et responsabilité des fondateurs, responsabilité des fondateurs en cas de faillite dans les trois ans de la constitution si capitaux propres de d…” (deed in French)
- Founding capital
- Other provision, “mise à disposition”, 1500 (deed in French)
- Other provision, “arrêté des statuts, comparante” (deed in French)
- Capital
- Registered office clause, “1390 Grez-Doiceau, Avenue Felix Lacourt 130 /1, dépôt au greffe d'une expédition conformément à la loi” (deed in French)
- Board rule, 1, “dépôt au greffe d'une expédition conformément à la loi” (deed in French)
- Director appointment, PIOLÉ Marie-Audrey (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations et activités entrepris par la comparante au nom et pour compte de la société en formation” (deed in French)
- Other provision, “frais et déclarations”, 1600 (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25037C0076/00S004 | Wallonia | 2,234 m² | 1 · 165 m² | 12.8 m · 2 |
| 21683D0371/00L027 | Brussels | 265 m² | 1 · 71 m² | 13.8 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAP
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, sans indemnité quelconque” (deed in French)“Rémunération des administrateurs, portée aux frais généraux indépendamment des frais de représentation voyages et déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, quelque cause et moment” (deed in French)