Turnover
The micro format states no turnover.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €3,801 to €20,275.
The dashed line is the sector median: 0.2% across 5,431 companies (NACE 74, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 74, micro). It does better than 39% of them on solvency, 54% on liquidity, 34% on profitability and 59% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 185 companies had the same profile as Map4All has now. Each dot is one company, two years later.
That fits the bankruptcy probability of Map4All itself: 0.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 185 companies, not a prediction for Map4All. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.34 (3.82 in 2024), below the usual 1.5. Short-term debt is 60.5% and cash 36.2% of total assets. 64.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 31 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Map4All Charleroi | €33,498 | €3,637 | 35.7% | - |
| SLF Visé | €32,560 | €4,906 | 11.7% | - |
| Studio Modular Antwerp | €39,857 | €3,110 | 44.5% | - |
| HELCREATIVE Sint-Niklaas | €28,805 | €2,630 | 26.8% | - |
| Studio Wolf Kortrijk | €43,646 | €4,414 | 68.6% | - |
| Berh Visuals Stekene | €24,109 | €5,046 | 15.8% | - |
| Mundane Waves Lebbeke | €21,377 | €4,476 | 12.2% | - |
These companies have the same main activity as Map4All: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €21,400 and €43,600, founded between 2024 and 2025.
Map4All has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,974 and a net result of €1,235.
Its solvency ranks better than 38% of 4,362 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €23,000. Estimated: probably between €11,000 and €41,000.
Higher than 38% of 4,362 companies in 2025.
Higher than 36% of 4,194 companies in 2025.
Higher than 37% of 4,224 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
33,498 | 14,540 | |
21/28 |
6,414 | 1 | |
21 |
0 | 1 | |
22/27 |
6,414 | - | |
24 |
6,414 | - | |
29/58 |
27,085 | 14,539 | |
40/41 |
14,948 | 13,043 | |
40 |
14,299 | - | |
41 |
649 | 13,043 | |
54/58 |
12,136 | 1,496 | |
| Balance sheet: equity and liabilities | |||
10/49 |
33,498 | 14,540 | |
10/15 |
11,974 | 10,739 | |
10/11 |
1,500 | 1,500 | |
14 |
10,474 | 9,239 | |
17/49 |
21,524 | 3,801 | |
42/48 |
20,275 | 3,801 | |
44 |
12,088 | 1,491 | |
440/4 |
12,088 | 1,491 | |
45 |
4,359 | 2,310 | |
450/3 |
2,971 | 2,310 | |
454/9 |
1,387 | - | |
47/48 |
3,829 | - | |
492/3 |
1,249 | - | |
| Income statement | |||
9900 |
3,637 | 11,550 | |
630 |
1,090 | 0 | |
9901 |
2,548 | 11,550 | |
75/76B |
6 | 2 | |
75 |
6 | 2 | |
65/66B |
746 | 4 | |
65 |
746 | 4 | |
9903 |
1,808 | 11,549 | |
67/77 |
573 | 2,310 | |
9904 |
1,235 | 9,239 | |
9905 |
1,235 | 9,239 | |
| Appropriation of the result | |||
9906 |
10,474 | 9,239 | |
14P |
9,239 | - | |
| Document | |||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497585.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 3,637 | 11,550 | ||
| 2,324 | 9,239 | ||
| 7,502 | 1 | ||
| 10,640 | - | ||
| 6,810 | 10,738 | ||
| 35.7% | 73.9% | ||
| 1.34 | 3.82 | ||
| 1.80 | 0.35 | ||
| 10.3% | 86.0% | ||
| 3.7% | 63.5% | ||
| 4.88 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €7,502 | - |
| Intangible fixed assets | - | €1 |
| Financial fixed assets | €0 | - |
| €1,090 | €0 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 78% lower than in 2024.
Debt's share of the balance-sheet total rises from 26.1% to 64.3%. Equity and debt are higher.
Map4All has no parent and no holdings in its annual accounts. VANDEN BOSSCHE Lucas is the only director. Map4All shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Map4All was incorporated on 17 December 2024 as a private limited company by one natural person, with a starting capital of €1,500.12 Since 2024, VANDEN BOSSCHE Lucas has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Bruxelles 311 registered office 6040 Charleroi | 17-12-2024 | 2.367.576.493 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52362A0668/00Z000 | 542 m² | 1 · 60 m² | 13.0 m · 4 |
If something looks wrong or is missing, please tell us.