Summary
MAPANT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €496,752 and a net result of €52,156. Equity is growing by about 9.5% per year across the filed financial years. Its solvency ranks better than 59% of 12,434 sector peers (NACE 47, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€496,752▲ 11.7%
2024 · €444,597
Total assets
€1.1m▼ 2.1%
2024 · €1.1m
Net result
€52,156▼ 6.1%
2024 · €55,522
Working capital
-€173,173▲ 7.9%
2024 · -€187,936
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 70% 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€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2025
Equity€0.5m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency45.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.49
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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
Line20182019202020212022202320242025
Operating result€0.06m-€0.06m▲ 0.8%€0.1m▲ 114%€0.09m▼ 30.0%€0.1m▲ 27.3%€0.07m▼ 36.3%€0.09m▲ 26.1%€0.03m▼ 70.1%
Net result€0.03m-€0.03m▲ 3.4%€0.08mwithin the sector's middle half▲ 137%€0.06mwithin the sector's middle half▼ 27.5%€0.07mwithin the sector's middle half▲ 22.2%€0.05mwithin the sector's middle half▼ 32.9%€0.06mwithin the sector's middle half▲ 14.3%€0.05mwithin the sector's middle half▼ 6.1%
Equity€0.3m-€0.3m▲ 13.5%€0.3mwithin the sector's middle half▲ 16.8%€0.3mwithin the sector's middle half▼ 6.6%€0.3mwithin the sector's middle half▲ 7.4%€0.4mwithin the sector's middle half▲ 14.3%€0.4mwithin the sector's middle half▲ 14.3%€0.5mwithin the sector's middle half▲ 11.7%
Total assets€0.6m-€0.6m▲ 0.6%€0.6mwithin the sector's middle half▲ 0.7%€0.6mwithin the sector's middle half▲ 6.5%€0.6mwithin the sector's middle half▼ 4.7%€0.6mwithin the sector's middle half▲ 2.9%€1.1mwithin the sector's middle half▲ 78.6%€1.1mwithin the sector's middle half▼ 2.1%
Debt€0.3m-€0.3m▼ 9.4%€0.3m▼ 14.9%€0.3m▲ 23.8%€0.3m▼ 16.8%€0.2m▼ 11.8%€0.7m▲ 186%€0.6m▼ 11.3%
Working capital-€0.2m--€0.2m▲ 6.7%-€0.1mbelow the sector's middle half▲ 11.7%-€0.08mbelow the sector's middle half▲ 44.3%-€0.1mbelow the sector's middle half▼ 32.7%-€0.1mbelow the sector's middle half▲ 2.8%-€0.2mbelow the sector's middle half▼ 91.9%-€0.2mbelow the sector's middle half▲ 7.9%
Solvency43.5%-49.1%▲ 5.6pp57.0%within the sector's middle half▲ 7.9pp49.9%within the sector's middle half▼ 7.0pp56.3%within the sector's middle half▲ 6.3pp62.5%above the sector's middle half▲ 6.2pp40.0%within the sector's middle half▼ 22.5pp45.6%within the sector's middle half▲ 5.6pp
Current ratio0.06-0.09▲ 0.020.08below the sector's middle half▼ 0.010.35below the sector's middle half▲ 0.270.10below the sector's middle half▼ 0.240.25below the sector's middle half▲ 0.150.49below the sector's middle half▲ 0.230.49below the sector's middle half▲ 0.01
Return on assets (ROA)5.7%-5.8%▲ 0.2pp13.7%above the sector's middle half▲ 7.9pp9.3%within the sector's middle half▼ 4.4pp12.0%above the sector's middle half▲ 2.6pp7.8%within the sector's middle half▼ 4.2pp5.0%within the sector's middle half▼ 2.8pp4.8%within the sector's middle half▼ 0.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half of NACE 47, Retail trade: 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 abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€921,431 ▼ 1.4%
Current assets
€167,018 ▼ 5.7%
Equity and liabilities €1.1m
Equity
€496,752 ▲ 11.7%
Debt
€591,697 ▼ 11.3%
Debt's share of the balance-sheet total falls from 60.0% to 54.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.5%▼
2024 · 12.5%
Debt ≤ 1 year
€340,191▼
2024 · €365,032
Debt > 1 year
€250,000▼
2024 · €301,217
Income taxes
€8,407▼
2024 · €20,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €229 | €229 | €984 | €2,158 | €3,880 | €4,106 | €13,205 | €13,205 | = |
| Other operating charges640/8 | - | - | - | €482 | €490 | €493 | €16,298 | €2,392 | ▼ 85.3% |
| Gross operating margin9900 | €59,109 | €59,393 | €124,553 | €88,027 | €113,040 | €73,805 | €116,769 | €41,689 | ▼ 64.3% |
| Operating profit (loss)9901 | €56,607 | €57,062 | €121,922 | €85,387 | €108,671 | €69,205 | €87,266 | €26,093 | ▼ 70.1% |
| Financial income75/76B | - | - | - | - | - | - | - | €45,000 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €45,000 | - |
| Financial charges65/66B | - | - | - | €3,688 | €4,801 | €2,265 | €10,825 | €10,530 | ▼ 2.7% |
| Recurring financial charges65 | €9,100 | €7,764 | €6,621 | €3,688 | €4,801 | €2,265 | €10,825 | €10,530 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €47,507 | €49,298 | €115,301 | €81,698 | €103,869 | €66,940 | €76,441 | €60,562 | ▼ 20.8% |
| Income taxes67/77 | €14,171 | €14,820 | €33,527 | €22,451 | €31,464 | €18,360 | €20,919 | €8,407 | ▼ 59.8% |
| Profit (loss) for the period9904 | €33,336 | €34,478 | €81,774 | €59,247 | €72,405 | €48,580 | €55,522 | €52,156 | ▼ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €33,336 | €34,478 | €81,774 | €59,247 | €72,405 | €48,580 | €55,522 | €52,156 | ▼ 6.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.1m | €1.1m | ▼ 2.1% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.9m | €0.9m | ▼ 1.4% |
| Tangible fixed assets22/27 | €0.001m | €458 | €0.008m | €0.02m | €0.02m | €0.01m | €0.4m | €0.3m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €0.002m | €0.002m | €0.001m | €0.4m | €0.3m | ▼ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.004m | €0.003m | €0.003m | €0.002m | ▼ 19.5% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.007m | €0.004m | €0.001m | ▼ 68.0% |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Current assets29/58 | €0.01m | €0.01m | €0.01m | €0.04m | €0.01m | €0.03m | €0.2m | €0.2m | ▼ 5.7% |
| Amounts receivable within one year40/41 | €0.004m | €0.005m | - | €0.03m | €0.001m | €0.02m | €0.2m | €0.2m | ▲ 2.3% |
| Trade receivables40 | - | - | - | €0.03m | €0.001m | €0 | €0.01m | €0.03m | ▲ 159% |
| Other amounts receivable41 | - | - | - | €250 | €8 | €0.02m | €0.1m | €0.1m | ▼ 8.8% |
| Cash at bank and in hand54/58 | €0.007m | €0.006m | €0.009m | €0.01m | €0.01m | €0.02m | €0.005m | €0.01m | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.02m | €0.001m | ▼ 95.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.1m | €1.1m | ▼ 2.1% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 11.7% |
| Contributions10/11 | €0.02m | €0.02m | €0 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 12.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 12.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | - | - | - |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.7m | €0.6m | ▼ 11.3% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | €0.3m | ▼ 17.0% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.3m | €0.3m | ▼ 17.0% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.3m | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 1.2% |
| Financial debts43 | - | - | - | €0.005m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.005m | - | - | - | - | - |
| Trade debts44 | €0.003m | €0.002m | €0.002m | €0.002m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 68.7% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 68.7% |
| Advances received on contracts in progress46 | - | - | - | - | €0.002m | €0.004m | €0.004m | €0.004m | ▲ 1.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.06m | €0.03m | €0 | €0.006m | - |
| Taxes450/3 | - | - | - | €0.004m | €0.06m | €0.03m | €0 | €0.006m | - |
| Other amounts payable47/48 | - | - | - | €0.06m | - | €0.04m | €0.3m | €0.3m | ▼ 9.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €208 | €357 | €0.001m | €0.002m | ▲ 69.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,336 | €34,478 | €81,774 | €59,247 | €72,405 | €48,580 | €55,522 | €52,156 | ▼ 6.1% |
| + Depreciation and write-downs630 | €229 | €229 | €984 | €2,158 | €3,880 | €4,106 | €13,205 | €13,205 | = |
| Operating cash flow (approximation) | €33,565 | €34,707 | €82,758 | €61,406 | €76,285 | €52,686 | €68,727 | €65,360 | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | €0 | -€8,128 | -€11,587 | -€3,140 | €0 | -€358,656 | €0 | - |
| Change in cash | - | -€357 | €2,786 | €654 | -€16 | €6,617 | -€11,750 | €7,089 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-06-2026 | 2026-00135377 |
| 31-12-2024 | abbreviated format | 28-05-2025 | 2025-00110173 |
| 31-12-2023 | abbreviated format | 03-06-2024 | 2024-00106600 |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00100478 |
| 31-12-2021 | abbreviated format | 01-06-2022 | 2022-20044671 |
| 31-12-2020 | abbreviated format | 25-05-2021 | 2021-15400088 |
| 31-12-2019 | abbreviated format | 28-05-2020 | 2020-13900309 |
| 31-12-2018 | abbreviated format | 12-06-2019 | 2019-18300536 |
| 31-12-2017 | abbreviated format | 31-05-2018 | 2018-15300407 |
| 31-12-2016 | abbreviated format | 06-06-2017 | 2017-15500045 |
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Of the 5,203 active companies whose main activity is retail sale of pharmaceutical products (NACE 47730), figures are known for 3,875. 3,360 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.