Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2017 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €101,874 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 2274.4% higher than in 2024.
Short-term debts fell from €147,381 to €101,874.
Less equity than 91% of companies in food and beverage service. Sector median €28,333 · 18,603 companies.
In July 2024, 2,795 companies had the same profile as MAPAREST has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
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.
| 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 2,795 companies, not a prediction for MAPAREST. 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.
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.
| Company | ||||
|---|---|---|---|---|
| MAPAREST Florenville | €247,827 | €358,947 | -25.3% | - |
| VAN GOGH Middelkerke | €242,599 | €346,136 | 52.1% | - |
| PRO CASH SERVICES Rixensart | €235,800 | €385,595 | -63.3% | 9.1 |
| ZEBRA BAR Brussels | €230,750 | €425,338 | 68.6% | - |
| TOPAZI Ixelles | €279,892 | €349,160 | 70.9% | - |
| COCORICO Brasschaat | €232,080 | €421,191 | 41.7% | - |
| DELI VELDSTRAAT Ghent | €247,867 | €420,789 | 6.4% | 11.1 |
These companies have the same main activity as MAPAREST: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €231,000 and €280,000, founded between 1994 and 1998.
MAPAREST files the micro format. That format states no turnover. The gross margin rose from -€3,641 in 2015 to €358,947 in 2025.
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 ≈ €1.0m. Estimated: probably between €840,000 and €1.1m.
Higher than 18% of 18,571 companies in 2025.
Higher than 19% of 17,927 companies in 2025.
Higher than 24% of 18,024 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
247,827 | 245,361 | 447 | 417 | 392 | 356 | 327 | 300 | 1,869 | 7,238 | 9,866 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
21/28 |
208,794 | 100,347 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
208,794 | 100,347 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
64,964 | 2,736 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
81,150 | 60,651 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
62,680 | 32,960 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
39,033 | 145,014 | 447 | 417 | 392 | 356 | 327 | 300 | 1,869 | 7,238 | 9,866 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
3 |
13,612 | 6,300 | - | - | - | - | - | - | 0 | 0 | 2,524 | - | - | - | - | - | |
30/36 |
13,612 | 6,300 | - | - | - | - | - | - | - | - | 2,524 | - | - | - | - | - | |
40/41 |
3,937 | 105,576 | 447 | 417 | 392 | 356 | 327 | 300 | 1,869 | 1,869 | 1,869 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
40 |
- | 97,830 | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | |
41 |
3,937 | 7,746 | 447 | 417 | 392 | 356 | 327 | 300 | 1,869 | 1,869 | 1,869 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
54/58 |
3,015 | 31,654 | - | - | - | - | - | - | 0 | 5,369 | 5,474 | - | - | - | - | - | |
490/1 |
18,469 | 1,484 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
247,827 | 245,361 | 447 | 417 | 392 | 356 | 327 | 300 | 1,869 | 7,238 | 9,866 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
10/15 |
-62,659 | -42,374 | -5,203 | -4,801 | -3,705 | -3,339 | -2,954 | -2,486 | 334 | 391 | -4,007 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,198 | 6,197 | - | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
11 |
- | - | - | - | - | 6,197 | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 6,197 | - | - | - | - | - | - | - | - | - | - | |
14 |
-68,856 | -48,571 | -11,400 | -10,999 | -9,902 | -9,536 | -9,151 | -8,683 | -5,863 | -5,806 | -10,205 | -4,605 | -4,605 | -4,605 | -4,605 | -4,605 | |
16 |
- | - | - | - | - | - | - | - | 0 | - | 3,000 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | 0 | - | 3,000 | - | - | - | - | - | |
17/49 |
310,486 | 287,735 | 5,650 | 5,218 | 4,097 | 3,695 | 3,281 | 2,786 | 1,535 | 6,846 | 10,874 | - | - | - | - | - | |
17 |
205,225 | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
205,225 | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
101,874 | 147,381 | 5,457 | 5,046 | 4,097 | 3,695 | 3,281 | 2,786 | 1,535 | 6,846 | 10,874 | - | - | - | - | - | |
42 |
17,447 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
43 |
7,854 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
7,854 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
23,741 | 126,311 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
440/4 |
23,741 | 126,311 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
45,178 | 13,577 | - | - | - | - | - | - | 0 | 1,570 | 757 | - | - | - | - | - | |
450/3 |
18,113 | 758 | - | - | - | - | - | - | 0 | 1,570 | 757 | - | - | - | - | - | |
454/9 |
27,065 | 12,819 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
7,654 | 7,493 | 5,457 | 5,046 | 4,097 | 3,695 | 3,281 | 2,786 | 1,535 | 5,277 | 10,117 | - | - | - | - | - | |
492/3 |
3,387 | 354 | 193 | 172 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 4,000 | 1,474 | - | - | - | - | - | |
9900 |
358,947 | -20,812 | -64 | -602 | -55 | -54 | - | - | 0 | 4,476 | -3,641 | - | - | - | - | - | |
60/61 |
- | - | - | - | - | - | - | - | - | -476 | 5,115 | - | - | - | - | - | |
62 |
324,533 | 13,723 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
39,425 | 906 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
631/4 |
- | - | - | - | - | - | - | - | - | -27 | - | - | - | - | - | - | |
640/8 |
8,031 | 1,305 | 366 | 521 | 347 | 348 | 400 | 1,043 | - | - | 1,951 | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | 1,593 | - | - | - | - | - | - | - | - | |
9901 |
-13,042 | -36,746 | -430 | -1,123 | -402 | -402 | -400 | -2,635 | 0 | 4,503 | -5,592 | - | - | - | - | - | |
75/76B |
1,889 | 60 | 30 | 26 | 36 | 29 | 27 | 24 | - | - | - | - | - | - | - | - | |
75 |
786 | 36 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76B |
1,103 | 24 | 30 | 26 | 36 | 29 | 27 | 24 | - | - | - | - | - | - | - | - | |
65/66B |
9,132 | 486 | - | - | - | 12 | 95 | 209 | 57 | 105 | 8 | - | - | - | - | - | |
65 |
9,132 | 486 | - | - | - | 12 | 95 | 209 | 57 | 105 | 8 | - | - | - | - | - | |
9903 |
-20,285 | -37,172 | -400 | -1,097 | -366 | -385 | -468 | -2,820 | -57 | 4,399 | -5,600 | - | - | - | - | - | |
9904 |
-20,285 | -37,172 | -400 | -1,097 | -366 | -385 | -468 | -2,820 | -57 | 4,399 | -5,600 | - | - | - | - | - | |
9905 |
-20,285 | -37,172 | -400 | -1,097 | -366 | -385 | -468 | -2,820 | -57 | 4,399 | -5,600 | - | - | - | - | - | |
| Appropriation of the result | |||||||||||||||||
9906 |
-68,856 | -48,571 | -11,400 | -10,999 | -9,902 | -9,536 | -9,151 | -8,683 | -5,863 | -5,806 | -10,205 | -4,605 | -4,605 | -4,605 | -4,605 | -4,605 | |
14P |
-48,571 | -11,399 | -11,000 | -9,902 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00016661 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00024152 | |
| 30-06-2023 | micro format | 26-01-2024 | 2024-00007426 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00017606 | |
| 30-06-2021 | micro format | 18-02-2022 | 2022-06000453 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-04600155 | |
| 30-06-2019 | micro format | 13-12-2019 | 2019-76200312 | |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73500216 | |
| 30-06-2017 | full format | 02-11-2017 | 2017-69300383 | |
| 30-06-2016 | full format | 13-12-2016 | 2016-70000271 | |
| 30-06-2015 | full format | 11-04-2016 | 2016-09800218 | |
| 30-06-2014 | full format | 31-10-2014 | 2014-66400338 | |
| 30-06-2013 | full format | 14-10-2013 | 2013-63000371 | |
| 30-06-2012 | full format | 15-11-2012 | 2012-64200493 | |
| 30-06-2011 | full format | 15-12-2011 | 2011-64000414 | |
| 30-06-2010 | full format | 08-11-2010 | 2010-60400239 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,383 | -35,840 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 19,140 | -36,266 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 147,872 | 101,253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -28,639 | - | - | - | - | - | - | - | -5,369 | -105 | - | - | - | - | - | - | ||
| -62,841 | -2,367 | -5,010 | -4,629 | -3,705 | -3,339 | -2,954 | -2,486 | 334 | 391 | -1,007 | - | - | - | - | - | ||
| -25.3% | -17.3% | - | - | - | - | - | - | - | 5.4% | -40.6% | - | - | - | - | - | ||
| 0.38 | 0.98 | - | - | - | - | - | - | - | 1.06 | 0.91 | - | - | - | - | - | ||
| 0.25 | 0.94 | - | - | - | - | - | - | - | 1.06 | 0.68 | - | - | - | - | - | ||
| -8.2% | -15.1% | - | - | - | - | - | - | - | 60.8% | -56.8% | - | - | - | - | - | ||
| 2.89 | -73.74 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 0 days | 463 days | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €147,872 | €101,253 | - | - |
| €39,425 | €906 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,042, smaller than the loss of €36,746 in 2024.
Equity is negative. Debt (€310,486) exceeds the balance-sheet total (€247,827).
MAPAREST has no parent and no holdings in its annual accounts. MAPAREST shares no director with another company.
| Doms, Michaël (sole trader)
establishment since 20-12-2012 |
founded in 2012 0508.609.503 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Place Albert-Ier 1 registered office 6820 Florenville | 06-03-1996 | 2.075.502.367 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 85011A0708/00C000 | 100 m² | 1 · 102 m² | 12.8 m · 4 |
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