MAP INDUSTRY
ActiveSummary
MAP INDUSTRY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of -€131,953. Equity is growing by ~16.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-3
Solvency70▼-1
Growth35=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 1.05 in 2024; short-term debt: 2.8% and cash: 1% of total assets), and 55.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€131,953
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day 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
1 d late
2024
3 d late
2023
29 d late
2022
19 d late
2021
24 d late
2020
23 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€12,000▼ 96.7%
2021 · €360,130
EBIT margin
-703.6%▼ 764.6pp
2021 · 61.0%
Net result
-€131,953▼ 15.3%
2024 · -€114,474
Working capital
-€39,337
2024 · €7,230
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.4m▲ 33.0%€0.01m
Operating result€0.2m€0.03m▼ 85.8%-€0.08m-€0.003m▲ 96.5%€0.001m
Net result€0.1m€0.02m▼ 85.2%-€0.1m-€0.1m▲ 11.4%-€0.1m▼ 15.3%
EBIT margin61.0%▲ 71.4pp-703.6%
Equity€1.4m▲ 9.5%€1.4m▲ 1.3%€2.2m▲ 63.2%€2.1m▼ 5.1%€2.0m▼ 6.2%
Total assets€2.0m▲ 4.7%€2.9m▲ 42.4%€4.7m▲ 61.3%€4.6m▼ 1.2%€4.5m▼ 3.3%
Debt€0.7m▼ 3.8%€1.5m▲ 125%€2.4m▲ 59.6%€2.5m▲ 2.3%€2.5m▼ 0.8%
Working capital€0.6m▲ 87.9%€0.3m▼ 44.2%€0.3m▼ 16.1%€0.007m▼ 97.5%-€0.04m
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €984 after a loss of €2,936 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€4.4m ▼ 1.9%
Current assets
€84,792 ▼ 43.6%
Equity and liabilities €4.5m
Equity
€2.0m ▼ 6.2%
Debt
€2.5m ▼ 0.8%
Debt's share of the balance-sheet total rises from 53.9% to 55.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€86,530▼
2024 · €104,249
Cash flow
-€46,407▼
2024 · -€7,288
Current ratio
0.68▼
2024 · 1.05
Debt to equity
1.23▲
2024 · 1.17
ROE
-6.6%▼
2024 · -5.4%
ROA
-2.9%▼
2024 · -2.5%
Interest coverage
0.65▼
2024 · 0.92
Debt ≤ 1 year
€124,128▼
2024 · €143,209
Debt > 1 year
€2.2m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €360,130 | - | €12,000 | - | - | - |
| Non-recurring operating income76A | - | €238,167 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €101,397 | €35,852 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,995 | €96,569 | €161,989 | €107,185 | €85,545 | ▼ 20.2% |
| Other operating charges640/8 | - | €9,002 | €9,544 | €8,623 | €21,850 | ▲ 153% |
| Gross operating margin9900 | €291,690 | €136,770 | €87,102 | €112,872 | €108,380 | ▼ 4.0% |
| Operating profit (loss)9901 | €219,837 | €31,199 | -€84,431 | -€2,936 | €984 | ▲ 134% |
| Financial income75/76B | - | €1,259 | €3,125 | €1,646 | - | - |
| Recurring financial income75 | €12,592 | €1,259 | €3,125 | €1,646 | - | - |
| Financial charges65/66B | - | €28,177 | €47,826 | €113,183 | €132,937 | ▲ 17.5% |
| Recurring financial charges65 | €42,581 | €28,177 | €47,826 | €113,183 | €132,937 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | €189,848 | €4,280 | -€129,132 | -€114,474 | -€131,953 | ▼ 15.3% |
| Income taxes67/77 | €71,486 | -€13,203 | - | - | - | - |
| Profit (loss) for the period9904 | €118,362 | €17,483 | -€129,132 | -€114,474 | -€131,953 | ▼ 15.3% |
| Transfer from tax-exempt reserves789 | - | €77,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €195,862 | €94,983 | -€129,132 | -€114,474 | -€131,953 | ▼ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.9m | €4.7m | €4.6m | €4.5m | ▼ 3.3% |
| Fixed assets21/28 | €1.3m | €2.4m | €4.3m | €4.5m | €4.4m | ▼ 1.9% |
| Tangible fixed assets22/27 | €1.3m | €1.4m | €1.9m | €1.9m | €1.8m | ▼ 4.4% |
| Land and buildings22 | - | €1.4m | €1.8m | €1.8m | €1.8m | ▼ 3.6% |
| Furniture and vehicles24 | - | €0.06m | €0.04m | €0.02m | €0.003m | ▼ 88.4% |
| Other tangible fixed assets26 | - | - | - | €0.06m | €0.06m | = |
| Financial fixed assets28 | - | €1.0m | €2.4m | €2.5m | €2.5m | = |
| Current assets29/58 | €0.7m | €0.5m | €0.4m | €0.2m | €0.08m | ▼ 43.6% |
| Amounts receivable within one year40/41 | €0.05m | €0.1m | €0.09m | €0.09m | €0.04m | ▼ 57.5% |
| Trade receivables40 | - | €0.08m | €0.02m | €0.02m | - | - |
| Other amounts receivable41 | - | €0.03m | €0.07m | €0.07m | €0.04m | ▼ 43.8% |
| Cash at bank and in hand54/58 | €0.7m | €0.4m | €0.3m | €0.06m | €0.05m | ▼ 23.6% |
| Deferred charges and accrued income490/1 | - | €0.002m | €0.002m | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.9m | €4.7m | €4.6m | €4.5m | ▼ 3.3% |
| Equity10/15 | €1.4m | €1.4m | €2.2m | €2.1m | €2.0m | ▼ 6.2% |
| Contributions10/11 | €0.6m | €0.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | €0.6m | €1.6m | - | - | - |
| Issued capital100 | - | €0.6m | €1.6m | - | - | - |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 23.1% |
| Non-distributable reserves130/1 | - | €0.06m | €0.06m | - | €0.06m | - |
| Legal reserve130 | - | €0.06m | €0.06m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.06m | - |
| Distributable reserves133 | - | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 34.6% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.08m | €0.02m | €0.003m | ▼ 79.3% |
| Amounts payable17/49 | €0.7m | €1.5m | €2.4m | €2.5m | €2.5m | ▼ 0.8% |
| Amounts payable after more than one year17 | €0.6m | €1.3m | €2.2m | €2.2m | €2.2m | ▲ 0.8% |
| Financial debts170/4 | - | €1.3m | €0.7m | €0.7m | €0.6m | ▼ 12.5% |
| Other amounts payable178/9 | - | - | €1.5m | €1.6m | €1.7m | ▲ 6.5% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €0.05m | €0.08m | €0.08m | €0.08m | ▲ 1.2% |
| Trade debts44 | €0.001m | €0.1m | €0.04m | €0.05m | €0.02m | ▼ 67.1% |
| Suppliers440/4 | - | €0.1m | €0.04m | €0.05m | €0.02m | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.02m | €0.008m | - | - |
| Taxes450/3 | - | €0.02m | €0.02m | €0.008m | - | - |
| Remuneration and social security454/9 | - | €60 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.003m | €0.03m | ▲ 692% |
| Accrued charges and deferred income492/3 | - | €0.02m | €0.06m | €0.1m | €0.1m | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.02m | -€0.1m | -€0.1m | -€0.1m | ▼ 15.3% |
| + Depreciation and write-downs630 | €0.06m | €0.1m | €0.2m | €0.1m | €0.09m | ▼ 20.2% |
| Operating cash flow (approximation) | €0.2m | €0.1m | €0.03m | -€0.007m | -€0.05m | ▼ 537% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€2.0m | -€0.3m | €0 | ▲ 100% |
| Change in cash | - | -€0.3m | -€0.07m | -€0.3m | -€0.01m | ▲ 94.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
30-06
Financial
Weakest financial yearnet -€131,953
Net result drops to -€131,953, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Equity above €2mEq €2.2m ▲63.2%
Equity rises from €1.4m to €2.2m.
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-06
Financial
Back to profitnet €118,362
Net result €118,362 after one loss-making year.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-06
Financial
Equity above €1mEq €1.2m ▲81.8%
Equity rises from €683,678 to €1.2m.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2014
Ground area
2,160 m²
Building footprint
190 m²
Volume, LiDAR
1,021 m³
Parcel 63576A0134/00D000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAP INDUSTRY
since 2014unit no. 2.232.725.610
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63576A0134/00D000 | Wallonia | 2,160 m² | 1 · 189 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company
Founded30-06-2014
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 1 October 2026 · Peppol Directory
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