MAPASI
Annual accounts 2025
micro format, filed on 10-03-2026, 143 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €43,000. Estimated: probably between €21,000 and €85,000.
Balance sheet
balance sheet total €22,700 on 31-12-2025in euro
in euro
Position in the sector
47.3%
Higher than 39% of 21,208 companies in 2025.
1.97
Higher than 42% of 20,571 companies in 2025.
26.1%
Higher than 62% of 20,746 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
22,700 | 18,584 | |
21/28 |
1,295 | 1,626 | |
22/27 |
1,295 | 1,626 | |
24 |
1,295 | 1,626 | |
29/58 |
21,405 | 16,958 | |
40/41 |
2,509 | 863 | |
41 |
2,509 | 863 | |
54/58 |
18,896 | 16,095 | |
| Balance sheet: equity and liabilities | |||
10/49 |
22,700 | 18,584 | |
10/15 |
10,743 | 5,655 | |
10/11 |
2,500 | 2,500 | |
14 |
8,243 | 3,155 | |
17/49 |
11,957 | 12,929 | |
42/48 |
10,877 | 10,682 | |
44 |
2,046 | 1,846 | |
440/4 |
2,046 | 1,846 | |
45 |
8,183 | 7,957 | |
450/3 |
5,983 | 5,757 | |
454/9 |
2,200 | 2,200 | |
47/48 |
648 | 879 | |
492/3 |
1,080 | 2,247 | |
| Income statement | |||
9900 |
8,099 | 5,645 | |
630 |
330 | 26 | |
640/8 |
0 | 387 | |
9901 |
7,769 | 5,232 | |
65/66B |
40 | 34 | |
65 |
40 | 34 | |
9903 |
7,728 | 5,198 | |
67/77 |
1,807 | 1,184 | |
9904 |
5,921 | 4,014 | |
9905 |
5,921 | 4,014 | |
| Appropriation of the result | |||
9906 |
9,076 | 4,014 | |
14P |
3,155 | - | |
694/7 |
833 | 859 | |
694 |
833 | 859 | |
| Document | |||
The notes to these accounts have 4 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 10-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 8,099 | 5,258 | ||
| 6,252 | 4,040 | ||
| 0 | 1,652 | ||
| 2,801 | - | ||
| 10,528 | 6,276 | ||
| 47.3% | 30.4% | ||
| 1.97 | 1.59 | ||
| 1.11 | 2.29 | ||
| 55.1% | 71.0% | ||
| 26.1% | 21.6% | ||
| over 100 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €1,652 |
| €330 | €26 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MAPASI
The operating result for 2025 is 48% higher than in 2024.
Debt's share of the balance-sheet total falls from 69.6% to 52.7%. Equity is higher and debt is lower.