Lower solvency than 82% of companies in head offices and management consultancy. Sector median 52.0% · 10,637 companies.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as MAPAC has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Small
10 to 20 years old
solvency 10 to 30%
a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
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 4,107 companies, not a prediction for MAPAC. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
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Board and ownership
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Director
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Director
Name hiddenVisible after signing in 40%score XXVisible after signing inequity €91,461 (2025) · 2025 annual accounts of Name after signing inVisible after signing in
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0560782635
1 director appointed, 1 resignation
Resignation: Name after signing inVisible after signing in (director) · Appointment: Name hiddenVisible after signing in · Permanent representative: Hidden nameVisible after signing in · General meeting of 18-04-2023 · Gazette deed
Company renamed from KEY LEGAL to MAPAC
Changes of role: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director) · Permanent representative: Hidden nameVisible after signing in · General meeting of 10-05-2021 · Gazette deed
Resignation: Name after signing inVisible after signing in (manager)
Director discharge: Name hiddenVisible after signing in (manager) · General meeting of 08-02-2018 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as MAPAC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €471,000 and €594,000, founded between 2012 and 2016.
MAPAC has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,147 and a net result of €15,241.
Equity has been growing by about 20% per year since 2018. Its solvency ranks better than 18% of 10,637 sector peers (NACE 70, financial year 2025).