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MAPACO

Active
Private limited companyfounded 1999active for 27 yearsMekeirleweg 7, 8570 Anzegem, BelgiumKBO/BCE: BE 0467.022.633

From the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MAPACO has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617,591 and a net result of €1,742. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 37% of 2,323 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 11-10-1999 Normal situation
Legal form
Private limited company
Registered office
Mekeirleweg 7, 8570 Anzegem
Activity
Manufacture of metal structures and parts of structures NACE 25110
Establishment unit
2.097.047.750 8570 Anzegem, since 11-01-2000
Financial year end
30 June
Peppol
Reachable since 03-12-2025

Who decides

Board

How it is doing

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-06-2025
Gross margin
€185,221
▼ 25.4%
Turnover
≈ €470,000
estimated
Profit
€1,742
Equity
€617,591
▲ 0.3%
Total assets
€1.9m
▼ 37.2%
2025 accounts filed 3 days late
Filed on 03-02-2026PDF
Why 93raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: total assets €1.9mFounded in 1999Liquidity: current ratio 1.88, cash €390,624Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 25, micro)
Financial strength · tick = 2024
Strong
Solvency 57+12
equity 32.2% of total assets
Liquidity 65+27
short-term debt 26.7% · cash 20.3%
Profitability 69+11
return on assets 0.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,706 companies, NACE 25, micro)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: 0.2%▲ +0.2 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%▲ +0.3 percentage points vs 01-2026highest value 03-2026: 0.1%▼ -0.6 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.88, compared with 1.32 in 2024, above the usual 1.5; short-term debt: 26.7% and cash: 20.3% of total assets), but 67.8% of the assets are financed with debt and provisions.
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 25, micro): better than 35% on solvency, 65% on liquidity, 35% on profitability and 37% on growth.

The bankruptcy probability was computed on 31-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Founded in 1999
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.88, cash €390,624
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
44 days early
2023
1 day early
2022
42 days early
2021
28 days early
2020
41 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 3 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Financials · financial year 2025, micro format

2025 annual accounts filed late (3 days) Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00030341.

Latest annual accounts filed

Annual accounts 2025

Download PDF
Financial year ended
30-06-2025
Filed on
03-02-2026
Format
micro format
Reference
2026-00030341
Turnover
≈ €470,000
Estimated: probably between €310,000 and €720,000
Total assets
€1.9m▼ 37.2%
2024 · €3.1m
Net result
€1,742
2024 · -€168,302
Working capital
€451,544▼ 10.2%
2024 · €502,597
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result has fallen two years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.03m 2025 Net result€0.002m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: 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).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.02m-€0.03m▲ 4.0%€0.03m▲ 15.9%€0.08m▲ 155%€0.5m▲ 538%€0.03m▼ 93.9%€0.03m▼ 1.8%
Net result€0.005m-€0.01mwithin the sector's middle half▲ 87.6%€0.02mwithin the sector's middle half▲ 143%€0.04mabove the sector's middle half▲ 53.4%€0.5mabove the sector's middle half▲ 12×-€0.2mbelow the sector's middle half€0.002mwithin the sector's middle half
Equity€0.2m-€0.2mabove the sector's middle half▲ 6.1%€0.2mabove the sector's middle half▲ 15.3%€0.2mabove the sector's middle half▲ 18.6%€0.7mabove the sector's middle half▲ 186%€0.6mabove the sector's middle half▼ 11.0%€0.6mabove the sector's middle half▲ 0.3%
Total assets€0.8m-€0.8mabove the sector's middle half▼ 1.5%€0.8mabove the sector's middle half▲ 3.6%€1.4mabove the sector's middle half▲ 64.0%€2.2mabove the sector's middle half▲ 54.9%€3.1mabove the sector's middle half▲ 41.9%€1.9mabove the sector's middle half▼ 37.2%
Debt€0.6m-€0.6m▼ 3.9%€0.6m▲ 0.5%€1.0m▲ 87.2%€1.3m▲ 24.8%€2.3m▲ 79.5%€1.2m▼ 48.8%
Working capital-€0.2m-€0.05mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 38.7%€0.007mwithin the sector's middle half▼ 74.1%€0.6mabove the sector's middle half▲ 82×€0.5mabove the sector's middle half▼ 16.0%€0.5mabove the sector's middle half▼ 10.2%
Solvency20.1%-21.6%within the sector's middle half▲ 1.5pp24.0%within the sector's middle half▲ 2.4pp17.4%below the sector's middle half▼ 6.7pp32.1%within the sector's middle half▲ 14.7pp20.1%below the sector's middle half▼ 12.0pp32.2%within the sector's middle half▲ 12.0pp
Current ratio0.64-1.19within the sector's middle half▲ 0.541.10within the sector's middle half▼ 0.091.01within the sector's middle half▼ 0.091.60within the sector's middle half▲ 0.591.32within the sector's middle half▼ 0.281.88within the sector's middle half▲ 0.56
Return on assets (ROA)0.7%-1.2%within the sector's middle half▲ 0.6pp2.9%within the sector's middle half▲ 1.7pp2.7%within the sector's middle half▼ 0.2pp21.8%above the sector's middle half▲ 19.1pp-5.5%below the sector's middle half▼ 27.3pp0.1%below the sector's middle half▲ 5.6pp
above within below the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €955,582 ▼ 5.0%
Current assets €964,914 ▼ 53.0%
Equity and liabilities €1.9m
Equity €617,591 ▲ 0.3%
Provisions €108,000 =
Debt €1.2m ▼ 48.8%
Debt's share of the balance-sheet total falls from 76.3% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€174,449▲
2024 · €156,906
Cash flow
€147,011▲
2024 · -€41,113
Quick ratio
1.41▲
2024 · 1.09
Debt to equity
1.93▼
2024 · 3.79
ROE
0.3%▲
2024 · -27.3%
Interest coverage
6.36▲
2024 · 5.52
Debt ≤ 1 year
€513,369▼
2024 · €1.6m
Debt > 1 year
€674,318▼
2024 · €771,269
Income taxes
€546▼
2024 · €169,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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 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 14,766 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 03-02-2026.

Balance sheet Code20242025
Assets
Total assets20/58€3.1m€1.9m▼
Fixed assets21/28€1.0m€1.0m▼
Tangible fixed assets22/27€1.0m€1.0m▼
Land and buildings22€0.8m€0.7m▼
Plant, machinery and equipment23€0.1m€0.1m▼
Furniture and vehicles24€0.1m€0.09m▼
Financial fixed assets28€300€300=
Current assets29/58€2.1m€1.0m▼
Stocks and contracts in progress3€0.4m€0.2m▼
Stocks30/36€0.1m€0.2m▲
Contracts in progress37€0.3m€0.01m▼
Amounts receivable within one year40/41€1.4m€0.3m▼
Trade receivables40€1.3m€0.3m▼
Other amounts receivable41€0.02m€0.02m▲
Cash at bank and in hand54/58€0.3m€0.4m▲
Equity and liabilities
Total equity and liabilities10/49€3.1m€1.9m▼
Equity10/15€0.6m€0.6m▲
Contributions10/11€0.3m€0.3m=
Reserves13€0.4m€0.4m=
Non-distributable reserves130/1€0.001m€0.001m=
Reserves not available under the articles1311€0.001m€0.001m=
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€0.3m€0.3m=
Profit (loss) carried forward14€0.001m€0.003m▲
Provisions and deferred taxes16€0.1m€0.1m=
Provisions for liabilities and charges160/5€0.1m€0.1m=
Pensions and similar obligations160€0.02m€0.02m=
Major repairs and maintenance162€0.09m€0.09m=
Amounts payable17/49€2.3m€1.2m▼
Amounts payable after more than one year17€0.8m€0.7m▼
Financial debts170/4€0.8m€0.7m▼
Amounts payable within one year42/48€1.6m€0.5m▼
Current portion of amounts payable after more than one year42€0.09m€0.1m▲
Trade debts44€1.1m€0.3m▼
Suppliers440/4€1.1m€0.3m▼
Advances received on contracts in progress46€0.2m€0.003m▼
Taxes, remuneration and social security45€0.004m€0.001m▼
Taxes450/3€0.004m€0.001m▼
Other amounts payable47/48€0.1m€0.1m▲
Accrued charges and deferred income492/3€0.01m€0.007m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Other operating charges640/8€0.09m€0.01m▼
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.03m€0.03m▼
Financial income75/76B€22€0.001m▲
Recurring financial income75€22€0.001m▲
Financial charges65/66B€0.03m€0.03m▼
Recurring financial charges65€0.03m€0.03m▼
Profit (loss) for the period before taxes9903€0.001m€0.002m▲
Income taxes67/77€0.2m€0.001m▼
Profit (loss) for the period9904-€0.2m€0.002m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.002m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.07m€0.003m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.001m▼
Transfer from equity791/2€0.07m-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104,873€106,379€87,928€114,094€111,395€127,189€145,268▲ 14.2%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€55,000---
Other operating charges640/8---€15,635€11,972€91,337€10,772▼ 88.2%
Gross operating margin9900€142,470€160,575€128,552€206,343€667,056€248,242€185,221▼ 25.4%
Operating profit (loss)9901€24,883€25,869€29,991€76,615€488,688€29,716€29,180▼ 1.8%
Financial income75/76B---€191€23€22€526▲ 24×
Recurring financial income75€3,453€105€1,615€191€23€22€526▲ 24×
Financial charges65/66B---€36,077€16,573€28,435€27,418▼ 3.6%
Recurring financial charges65€12,848€15,721€18,487€16,077€16,573€28,435€27,418▼ 3.6%
Non-recurring financial charges66B---€20,000----
Profit (loss) for the period before taxes9903€5,489€10,253€24,872€40,729€472,139€1,304€2,288▲ 75.5%
Income taxes67/77€74€93€196€2,867€1,774€169,606€546▼ 99.7%
Profit (loss) for the period9904€5,415€10,161€24,676€37,861€470,365-€168,302€1,742-
Profit (loss) for the period to be appropriated9905€5,390€10,135€24,676€37,861€470,365-€168,302€1,742-
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.8m€0.8m€0.8m€1.4m€2.2m€3.1m€1.9m▼ 37.2%
Fixed assets21/28€0.5m€0.5m€0.5m€0.6m€0.6m€1.0m€1.0m▼ 5.0%
Tangible fixed assets22/27€0.5m€0.5m€0.5m€0.6m€0.6m€1.0m€1.0m▼ 5.0%
Land and buildings22---€0.4m€0.3m€0.8m€0.7m▼ 5.9%
Plant, machinery and equipment23---€0.09m€0.1m€0.1m€0.1m▼ 2.7%
Furniture and vehicles24---€0.1m€0.1m€0.1m€0.09m▼ 1.0%
Financial fixed assets28€25€0.001m€0.001m€0.001m€0.001m€300€300=
Current assets29/58€0.3m€0.3m€0.3m€0.8m€1.6m€2.1m€1.0m▼ 53.0%
Stocks and contracts in progress3€0.04m€0.1m€0.1m€0.03m€0.02m€0.4m€0.2m▼ 34.2%
Stocks30/36---€0.03m€0.02m€0.1m€0.2m▲ 117%
Contracts in progress37-----€0.3m€0.01m▼ 96.2%
Amounts receivable within one year40/41€0.08m€0.04m€0.07m€0.1m€0.3m€1.4m€0.3m▼ 75.5%
Trade receivables40---€30€0.2m€1.3m€0.3m▼ 76.4%
Other amounts receivable41---€0.1m€0.02m€0.02m€0.02m▲ 4.0%
Cash at bank and in hand54/58€0.2m€0.1m€0.1m€0.7m€1.3m€0.3m€0.4m▲ 19.8%
Equity and liabilities
Total equity and liabilities10/49€0.8m€0.8m€0.8m€1.4m€2.2m€3.1m€1.9m▼ 37.2%
Equity10/15€0.2m€0.2m€0.2m€0.2m€0.7m€0.6m€0.6m▲ 0.3%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€0.02m€0.02m€0.02m€0.02m€0.4m€0.4m€0.4m=
Non-distributable reserves130/1---€0.001m€0.001m€0.001m€0.001m=
Reserves not available under the articles1311---€0.001m€0.001m€0.001m€0.001m=
Tax-exempt reserves132---€0.02m€0.02m€0.02m€0.02m=
Distributable reserves133----€0.4m€0.3m€0.3m=
Profit (loss) carried forward14-€0.1m-€0.1m-€0.07m-€0.03m€0.008m€0.001m€0.003m▲ 133%
Provisions and deferred taxes16€0.09m€0.09m€0.09m€0.1m€0.2m€0.1m€0.1m=
Provisions for liabilities and charges160/5---€0.1m€0.2m€0.1m€0.1m=
Pensions and similar obligations160---€0.02m€0.08m€0.02m€0.02m=
Major repairs and maintenance162---€0.09m€0.09m€0.09m€0.09m=
Amounts payable17/49€0.6m€0.6m€0.6m€1.0m€1.3m€2.3m€1.2m▼ 48.8%
Amounts payable after more than one year17€0.1m€0.3m€0.3m€0.2m€0.3m€0.8m€0.7m▼ 12.6%
Financial debts170/4---€0.2m€0.3m€0.8m€0.7m▼ 12.6%
Amounts payable within one year42/48€0.4m€0.2m€0.3m€0.8m€1.0m€1.6m€0.5m▼ 66.9%
Current portion of amounts payable after more than one year42---€0.04m€0.04m€0.09m€0.1m▲ 3.6%
Trade debts44€0.3m€0.09m€0.1m€0.6m€0.8m€1.1m€0.3m▼ 75.6%
Suppliers440/4---€0.6m€0.8m€1.1m€0.3m▼ 75.6%
Advances received on contracts in progress46-----€0.2m€0.003m▼ 98.5%
Taxes, remuneration and social security45---€0.01m€0.01m€0.004m€0.001m▼ 70.2%
Taxes450/3---€0.01m€0.01m€0.004m€0.001m▼ 70.2%
Other amounts payable47/48---€0.2m€0.1m€0.1m€0.1m▲ 6.0%
Accrued charges and deferred income492/3---€0.006m€0.04m€0.01m€0.007m▼ 47.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€5,415€10,161€24,676€37,861€470,365-€168,302€1,742-
+ Depreciation and write-downs630€104,873€106,379€87,928€114,094€111,395€127,189€145,268▲ 14.2%
Operating cash flow (approximation)€110,288€116,539€112,604€151,955€581,760-€41,113€147,011-
Investment in fixed assets (approximation)--€90,852-€95,088-€151,628-€105,100-€566,832-€94,465▲ 83.3%
Change in cash--€46,173€3,306€554,295€632,682-€988,540€64,534-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 03-02-2026 2026-00030341 PDF
30-06-2024 micro format 18-12-2024 2024-00620362 PDF
30-06-2023 micro format 30-01-2024 2024-00012923 PDF
30-06-2022 micro format 20-12-2022 2022-20542989 PDF
30-06-2021 micro format 03-01-2022 2022-00200326 PDF
30-06-2020 micro format 21-12-2020 2020-76500236 PDF
30-06-2019 micro format 02-01-2020 2020-00300125 PDF
30-06-2018 micro format 19-12-2018 2018-74800269 PDF
30-06-2017 micro format 20-12-2017 2017-72400134 PDF
30-06-2016 abbreviated format 19-12-2016 2016-70400462 PDF

Show all 25 filings

Similar companies · same sector, comparable size

Of the 3,944 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,177. 1,499 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director
MAHIEU Paul
Director · in office according to the act of 05-01-2024 · in the 2025 annual accounts, filed on 03-02-2026
Current

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MAHIEU Paul
  • Director, since before 05-01-2024
See the board, name and registered office on a given date →

How the board is organised

Who signsWho may bind the company towards others, for example by signing a contract.
“stemmen waartoe hij gerechtigd is en (iii) voor elke beslissing die overeenkomstig de agenda door het bestuursorgaan moet genomen worden de…”
Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, benoemd met of zonder beperking van duur”

Articles of association, deed of 05-01-2024

Owners and capital

Capital and shareholders

Capital over the years
  1. 05-01-2024 Converted to unavailable equity

Other provisions of the articles of association

Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Other provision: “Dagelijks bestuur, bestuursorgaan”
Other provision: “Controle van de vennootschap, één of meerdere commissarissen wanneer wettelijk vereist en binnen wettelijke grenzen voor hernieuwbare…”
Other provision: “Aandeelhouders kunnen binnen wettelijke grenzen eenparig schriftelijk alle besluiten van algemene vergadering nemen met uitzondering van…”
Other provision: “Aandeelhouders kunnen op afstand deelnemen via elektronisch communicatiemiddel ter beschikking gesteld;voor aanwezigheid en meerderheid…”
Other provision: “Toegang tot algemene vergadering, houder effecten op naam ingeschreven in register effecten op naam per categorie”
Other provision: “Ieder aandeel één stem onder voorbehoud wettelijke en statutaire bepalingen aandelen zonder stemrecht, beraadslagingen stemrecht”
Other provision: “Bestemming winst reserves interimdividend, aanwending jaarlijkse nettowinst door algemene vergadering op voorstel bestuursorgaan;elk aandeel…”
2 more provisions in the deed, see the deed of 05-01-2024

Articles of association, deed of 05-01-2024 (in Dutch)

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

MAPACO was incorporated on 11 October 1999.1 Total assets rose from €831,068 in 2019 to €1.9m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
03-02
NBB filing Annual accounts filedPDF
financial year 2025 · micro format · 3 days late
2025
30-06
Financial Back to profitnet €1,742
Net result €1,742 after one loss-making year.
2024
18-12
NBB filing Annual accounts filedPDF
financial year 2024 · micro format
30-06
Financial Weakest financial yearnet -€168,302
Net result drops to -€168,302, the lowest in the series; recovery starts the following year.
30-01
NBB filing Annual accounts filedPDF
financial year 2023 · micro format
05-01
Gazette deed Reappointment: MAHIEU Paul (director)
Amendment of the articles · Capital conversion · Reserve release12 facts ▸
  • General meeting, 20-12-2023
  • Amendment of the articles (2 times)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Other provision, “geen rekening niet-opgevraagde inbrengen, inbrengen volledig volgestort” (deed in Dutch)
  • Reserve release, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,derde lid wet…” (deed in Dutch)
  • Capital
  • Power of attorney, Caroline Vanlerberghe
  • Director reappointment, MAHIEU Paul (director)
  • Board rule, 1
  • Power of attorney
  • Board meeting, “behoud adres zetel te 8570 Anzegem,Mekeirleweg 7, bestuursvergadering onmiddellijk na buitengewone algemene vergadering” (deed in Dutch)
  • Registered office clause, “8570 Anzegem,Mekeirleweg 7” (deed in Dutch)

Open the act in the Belgian Official Gazette

2023
30-06
Financial Highest result from 2019 to 2025net €470,365 ▲1,142%
Operating result €488,688, net result €470,365, both a record.
30-06
Financial Equity above €500,000equity €692,151 ▲186%
A profit in every financial year since 2019 builds equity to €692,151.
2022
20-12
NBB filing Annual accounts filedPDF
financial year 2022 · micro format
03-01
NBB filing Annual accounts filedPDF
financial year 2021 · micro format
2021
30-06
Financial Equity above €200,000equity €203,925 ▲15.3%
A profit in every financial year since 2019 builds equity to €203,925.
2020
21-12
NBB filing Annual accounts filedPDF
financial year 2020 · micro format
Show earlier events
02-01
NBB filing Annual accounts filedPDF
financial year 2019 · micro format
2018
19-12
NBB filing Annual accounts filedPDF
financial year 2018 · micro format
2017
20-12
NBB filing Annual accounts filedPDF
financial year 2017 · micro format
2016
19-12
NBB filing Annual accounts filedPDF
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

Register details

Who it is

KBO record
Name MAPACO in Dutch
Enterprise number 0467.022.633
Legal form Private limited company
Status Active, normale toestand
Founded 11-10-1999
Type Legal entity

Where it is based

Registered office Mekeirleweg 7, 8570 Anzegem, Belgium
Establishments 1 establishment unit since 2000

What it does

NACEBEL 2025
25110 Manufacture of metal structures and parts of structures main activity

Invoicing and payment

VAT number BE 0467.022.633
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0467022633
Also 9925:BE0467022633
Registered 03-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06

Scores and ratios are computed by Checked and are not a credit decision.

Purpose according to the articles of association

PurposeThe activities the company may carry out under its articles.
“Het uitvoeren van alle studies en onderzoek;het verrichten van…”
28 activities
  1. Het uitvoeren van alle studies en onderzoek;het verrichten van marktonderzoek;promotie,raadgeving,prospectie,marketing,techno-consult,assistentie op gebied van management,engineering en consulting,technisch,commercieel,administratief,financieel,fiscaal,economisch,sociaal en juridisch beheer en advies
  2. Het leveren van alle mogelijke prestaties aan constructiewerkhuizen
  3. Het waarnemen van alle bestuursopdrachten in vennootschappen,het uitoefenen van mandaten en functies in ondernemingen
  4. Het uitvoeren van alle activiteiten in verband met de ontwikkeling,de productie,de assemblage,de aan- en verkoop,de in- en uitvoer,het opslaan,de verdeling,de herstelling,het slopen,de klein- en groothandel,het huren en verhuren,het leasen en in leasing geven van alle mogelijke constructies,machines,algemene mechaniek,apparaten,prototypes,interieur en decoratiematerialen en producten,meubels,deuren en ramen,gietvormen,onderdelen,wisselstukken,componenten,toebehoren en alle bijhorende montage
  5. Het uivoeren van alle activiteiten in verband met de ontwikkeling,de productie,de assemblage,de aan- en verkoop,de in- en uitvoer,het opslaan,de verdeling,de herstelling,het onderhouden,het spuiten,het takelen,het slopen,de klein- en groothandel,het huren en verhuren,het leasen en in leasing geven van allerhande voertuigen,motorvoertuigen,vaartuigen,vliegtuigen,persoennwagens,bedrijfswagens,vrachtwagens,bestelwagens,motorrijwielen,scooters,bromfietsen,rijwielen,fietsen,divers rollend materieel,aanhangwagen,s opleggers,containers,heftoestellen,rupsvoertuigen,heftoestellen gemonteerd op rollend materieel,alle koetswerken,landbouwvoertuigen,tractoren,verreikers,heftrucks,koelinrichtingen,vriesinstallaties en alle accessoires,wisselstukkne,onderdelen,componenten,en toebehoren en alle aanverwante producten,zowel nieuw als tweedehands
  6. Het uitvoeren van alle activiteiten in verband met de aan- en verkoop,de in- en uitvoer,het opslaan,de verdeling,de klein- en groothandel in brandstoffen,smeermiddelen,alle artikelen die in een benzinestation kunnen verkocht worden en alle aanverwante producten,zowel nieuw als tweedhands
  7. Deelnemen aan wedstrijden voor motorvoertuigen en aanverwanten
  8. Het uitbaten van een carwash
  9. Verhuur van voertuigen met chauffeur,onderneming voor personenvervoer,onderneming voor goederenvervoer
  10. Het uitbaten van garage en stalling voor voertuigen
  11. Metaalconstructies en metalen kunstwerken,industriële pijpleidingen en kanalisaties
  12. Elektrotechnische installaties
  13. Spijshuis,restauratiehouder,traiteur,verbruikssalon,drankgelegenheid,frituur,hotel
  14. Onderneming van installaties voor feesten en tentoonstellingen,organisatie van feesten,tentoonstellingen en aanverwante
  15. Zij kan eveneens,alle toelevering doen met betrekking tot voorvermelde activiteiten
  16. Het beheer,het verwerven,de aan- en verkoop,het huren- en vehuren,de commissiehandel en vertegenwoordiging,de instandhouding en valorisatie van roerende goederen,de huurfinanciering,het leasen en in leasing geven van roerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen
  17. De publiciteit,reclame,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit,reclame,marketing en algemene communicatie noodzakelijk zijn,zonder enige beperking
  18. Het optreden als studie-,organisatie- en raadgevend bureau in informatica en automatisatie
  19. De kleinhandel met meer dan één afdeling;de groothandel van diverse artieklen
  20. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen
  21. Aannemer van metaal- en betonwerken;algemene bouwwerkzaamheden,onderneming voor het optrekken van gebouwen,ruwbouw en onder dak zetten,ruwbouw,vloerbedekking en muurbekleding,leggen van tegelvloeren en mozaïek en voor het plaatsen van alle andere wand- en vloerbedekkingen,schoorsteen- en ovenbouw,vervaardigen en plaatsen van sierschouwen en andere versieringen van marmer of steen,slopingswerken;onderneming voor het plaatsen van afsluitingen;voegwerken,reinigen en opknappen van gevels,bouwen van stellingen,algemene aanneming van wegenwerken en bouw van niet metalen kunstwerken,van leggen van kabels en van diverse leidingen;aanleg en onderhoud van diverse terreinen;verkeerssignalisatie;dakdekken en isolatie tegen vochtigheid;thermische- en geluidsisolatie,waterdicht maken en bedekken van gebouwen met asfalt en teer;droogmaken van gebouwen,anders dan met teer en asfalt;stukadoorswerken;arduin- en marmerwerken,restauratiewerken,restauratie van monumenten;timmer- en schrijnwerk en metalen schrijnwerk,glaswerken,schilder- en behangwerk;centrale verwarming,sanitair en lood- en zinkwerk;speciale installaties;diverse werkzaamheden
  22. Het ontmantelen van transformatoren,in voorkomend geval mits de eventueel daartoe vereiste vergunning toegekend is
  23. Het beheer,het verwerven,de aan- en verkoop,het huren en verhuren,de commissiehandel en vertegenwoordiging,de instandhouding en valorisatie van onroerende goederen,verkaveling,bouwen en verbouwen,bouwpromotie,de huurfinanciering,het leasen en in leasing geven van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben vand eze onroerende goederen
  24. Het ontwikkelen,kopen,verkopen,beheer,in waarde stellen,onder licentie nemen of geven van brevetten,octrooien,know-how en andere intellectuele rechten
  25. De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in’t kort tussenpersoon in de handel
  26. Het verwerven,hetzij door inschrijving,aankoop,inbreng,fusie,opslorping,deelneming of andere wijzen van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen,alsook het beheer van deze roerende waarden,dit alles enkel voor eigen rekening of in deelneming met derden
  27. Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering
  28. Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MAPACO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest”

Articles of association, deed of 05-01-2024 (in Dutch)

Environmental permits: No permit applications found in Flanders.

Sites & property

Registered office and establishments
registered office establishment The establishment unit on the map
1 establishment unit
MAPACO NV
Mekeirleweg 7, 8570 AnzegemManufacture of electrical equipment
since 2000unit no. 2.097.047.750

Buildings and parcels at the address

Ground area
549 m²
Building footprint
210 m²
Building volume
640 m³
Parcel 34038B0380/00W000, Flanders · tallest building 4.9 m.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34038B0380/00W000 Flanders 549 m² 1 · 210 m² 4.8 m · 1