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MAPA

Active
Private limited companyfounded 199828 yrs activeSimon De Heuvellaan 1, 2110 Wijnegem, BelgiumKBO/BCE: BE 0463.942.387

MAPA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €12k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 8967 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
91 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+9
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.27 against 3.29 in 2023; short-term debt: 18.1% and cash: 67.1% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 28 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
3 d early
2023
29 d late
2022
31 d early
2021
19 d early
2020
24 d early
2019
23 d early
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€67k▲ 21.1%
2023 · €55k
2019: €24k 2020: €32k 2021: €40k 2022: €49k 2023: €55k
2019 → 2024
Total assets
€81k▲ 7.4%
2023 · €76k
2019: €34k 2020: €72k 2021: €87k 2022: €81k 2023: €76k
2019 → 2024
Net result
€12k▲ 106%
2023 · €6k
2019: €9k 2020: €10k 2021: €8k 2022: €10k 2023: €6k
2019 → 2024
Working capital
€63k▲ 32.6%
2023 · €48k
2019: €22k 2020: €27k 2021: €27k 2022: €28k 2023: €48k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€32k-€40k▲ 25.1%€49k▲ 25.1%€55k▲ 11.4%€67k▲ 21.1%
Operating result€15k-€14k▼ 8.0%€22k▲ 54.8%€9k▼ 58.2%€21k▲ 133%
Net result€10k-€8k▼ 16.5%€10k▲ 24.9%€6k▼ 43.1%€12k▲ 106%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20kOperating result 2020: €15k€15kNet result 2020: €10k€10kOperating result 2021: €14k€14kNet result 2021: €8k€8kOperating result 2022: €22k€22kNet result 2022: €10k€10kOperating result 2023: €9k€9kNet result 2023: €6k€6kOperating result 2024: €21k€21kNet result 2024: €12k€12k20202021202220232024
The operating result recovers in 2024; 2024 is 133% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81k
Fixed assets €4k▼ 51.1%
Current assets €78k▲ 14.0%
Equity and liabilities €81k
Equity €67k▲ 21.1%
Debt €15k▼ 28.8%
The debt ratio falls from 27.3% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€27k
2023 · €23k
Cash flow
€18k
2023 · €19k
Solvency
81.9%
2023 · 72.7%
Current ratio
5.27
2023 · 3.29
Quick ratio
5.27
2023 · 3.29
Debt / equity
0.22
2023 · 0.38
ROE
17.4%
2023 · 10.2%
ROA
14.3%
2023 · 7.4%
Interest coverage
6.52
2023 · 6.75
Debt
€15k
2023 · €21k
Debt ≤ 1 year
€15k
2023 · €21k
Income taxes
€5k
2023 · €43
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€76k€81k
Fixed assets21/28€8k€4k
Tangible fixed assets22/27€8k€4k
Plant, machinery and equipment23€8k€4k
Current assets29/58€68k€78k
Amounts receivable within one year40/41€13k€8k
Trade receivables40€6k€5k
Other amounts receivable41€6k€3k
Cash at bank and in hand54/58€40k€55k
Deferred charges and accrued income490/1€15k€15k=
Equity and liabilities
Total equity and liabilities10/49€76k€81k
Equity10/15€55k€67k
Contributions10/11€6k€6k=
Reserves13€49k€61k
Distributable reserves133€49k€61k
Amounts payable17/49€21k€15k
Amounts payable within one year42/48€21k€15k
Current portion of amounts payable after more than one year42€2k€2k
Trade debts44€17k€11k
Suppliers440/4€17k€11k
Taxes, remuneration and social security45€2k€2k
Taxes450/3€2k€2k
Income statement Code20232024
Non-recurring operating income76A-€480
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€6k
Other operating charges640/8€493€505
Non-recurring operating charges66A€97-
Gross operating margin9900€23k€28k
Operating profit (loss)9901€9k€21k
Financial charges65/66B€3k€4k
Recurring financial charges65€3k€4k
Profit (loss) for the period before taxes9903€6k€17k
Income taxes67/77€43€5k
Profit (loss) for the period9904€6k€12k
Profit (loss) for the period to be appropriated9905€6k€12k
Appropriation of the result
Profit (loss) to be appropriated9906€6k€12k
Transfer to equity691/2€6k€12k
To other reserves6921€6k€12k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2019net €12k ▲106%
Net result €12k, the highest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Weakest financial yearnet €6k ▼43.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
12-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
04-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
03-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
07-12
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
5 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, Wijnegem · 1 establishment unit since 1998
establishment The establishment unit on the map
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.

Simon De Heuvellaan 12110 Wijnegem
Ground area
5,008 m²
Building footprint
2,332 m²
Volume, LiDAR
22,250 m³
Parcel 11050A0152/00A000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Simon De Heuvellaan 1, 2110 Wijnegem
Other professional, scientific and technical activities
since 19982.088.860.356
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11050A0152/00A000 Flanders 5,008 m² 1 · 2,332 m² 11.4 m · 3 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

Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,588 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded05-08-1998
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.