Equity
€10,743 ▲ 90.0%
MAPASI paid out €833 in dividends. That is 14% of the 2025 profit.
MAPASI
Overview
Lifetime
2 annual accounts with figures on one time axispeak €8,099 (2025)
€8,099▲ 43.5%
peak €5,921 (2025)
€5,921▲ 47.5%
peak €10,743 (2025)
€10,743▲ 90.0%
€11,957▼ 7.5%
Board1 name since 2024
1 directorVAN DER ELST Steven Jules Etienne
Documentsfilings and deeds
10-03-2026143 days before the deadline
2025micro format
Gross margin from €5,645 to €8,099Result from €4,014 to €5,921Dividend €833Equity from €5,655 to €10,743
Key points
from the 2025 annual accountsTurnover
≈ €43,000 estimated
The micro format states no turnover.
Position in the sector
€10,743
Less equity than 82% of companies in computer programming and consultancy. Sector median €69,072 · 21,214 companies.
Checked score
96
Excellent
Financially stronger than 68% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.4%
05-2025: 0.4%● unchanged vs 04-2025highest value
06-2025: < 0.1%▼ -0.4 percentage points vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged 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 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.97, cash €18,896
Figures for financial year 2025 (filed on 10-03-2026)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 41% of them on solvency, 59% on liquidity, 82% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MAPASI has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAPASI itself is lower: < 0.1% within 12 months. It rests on far more data about MAPASI than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for MAPASI. 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 of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.97 (1.59 in 2024), above the usual 1.5. Short-term debt is 47.9% and cash 83.2% of total assets. However, 52.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
143 days early
2024
65 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 104 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN DER ELST Steven Jules Etienne 2,500 sharesdeed of 18-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007145654
Incorporation
Founding capital of €2,500, 2,500 shares · Founder: VAN DER ELST Steven Jules Etienne · Appointment: VAN DER ELST Steven Jules Etienne (director) · published on 18-03-2024 · Gazette deed
First establishment
Lange Meerskant 7, Deinze
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAPASI Deinze | €22,700 | €8,099 | 47.3% | - |
| EV Project Haaltert | €23,692 | €8,790 | 58.8% | - |
| WEBSCAPE Charleroi | €26,112 | €8,365 | 52.1% | - |
| METALAB CONSULTANTS Bruges | €21,935 | €6,882 | 28.0% | - |
| LEET CONSULTING Ghent | €23,846 | €10,263 | 52.9% | - |
| ADW Software Consulting Stekene | €21,373 | €10,746 | 23.5% | - |
| Cyber Policy House Ghent | €31,040 | €8,144 | 35.4% | - |
These companies have the same main activity as MAPASI: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €21,400 and €31,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-03-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.357.647.8519800 Deinze, since 14-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-04-2026
Annual accounts 2025
- €8,099▲ 43.5%
- €5,921▲ 47.5%
- €10,743▲ 90.0%
- €22,700▲ 22.1%
- Filing
- Filed on 10-03-2026, 143 days before the end of the filing period
Insights on MAPASI
MAPASI has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,743 and a net result of €5,921.
Its solvency ranks better than 39% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 10-03-2026, 143 days before the deadline€8,099
▲ 43.5%
€7,769
▲ 48.5%
€5,921
▲ 47.5%
€10,528
▲ 67.7%
47.3%
▲ 16.9 percentage points
1.97
▲ 0.38
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 ≈ €43,000. Estimated: probably between €21,000 and €85,000.
Balance sheet
balance sheet total €22,700 on 31-12-2025What the company ownsHow it is paid for
in 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.
MAPASI
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
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.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 18-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 10-03-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 18-03-2024
Mandates through the years
1 name, the dashed line is todayBoard
Mandates as a list
- VAN DER ELST Steven Jules Etienne
- Director, appointed by deed of 18-03-2024, still in office
Control
Capital
- Contribution
- €2,500
- Shares
- 2,500
- Contribution per share
- €1
- Equity per share
- €4.30 in 2025
- Source
- deed of 18-03-2024
Articles of association
deed of 18-03-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met WVV-vermeldingen”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 18-03-2024 ↗
- VAN DER ELST Steven Jules Etienne 2,500 shares (100%) · in cash
Network & group
No group
MAPASI has no parent and no holdings in its annual accounts. VAN DER ELST Steven Jules Etienne is the only director.
Board mandates elsewhere
1 board mandateBoard mandates of MAPASIMAPASI sits on their board1
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007145654
Annual accounts 2025 filed PDFmicro format · 143 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 65 days before the deadline
2024
IncorporationFounding capital of €2,500, 2,500 shares · Founder: VAN DER ELST Steven Jules Etienne · Appointment: VAN DER ELST Steven Jules Etienne (director) · published on 18-03-20244 points ▸
- Founder, VAN DER ELST Steven Jules Etienne
- Founding capital, €2,500, 2,500 shares
- Registered office clause, Lange Meerskant 7, 9800 Deinze
- Director appointment, VAN DER ELST Steven Jules Etienne
- The deed holds 4 more points.
First establishment Lange Meerskant 7, Deinze
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MAPASI was incorporated on 14 March 2024 as a private limited company by one natural person, with a starting capital of €2,500.12 VAN DER ELST Steven Jules Etienne is director of the company, appointed by deed of 18-03-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1007.145.654
- VAT number
- BE 1007.145.654
- Peppol ID
- 0208:1007145654
- Other Peppol ID
- 9925:BE1007145654
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-03-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 23-04-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MAPASI in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-03-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-03-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Verlenen van managementadvies en (new) business development diensten aan ondernemingen met als voorwerp het realiseren van lange termijn…”deed of 18-03-2024 (in Dutch)
14 activities
- Verlenen van managementadvies en (new) business development diensten aan ondernemingen met als voorwerp het realiseren van lange termijn groei van klanten
- De coördinatie,de begeleiding,de supervisie en adviesverlening met betrekking tot elke vennootschapsrechtelijke herstructurering,waaronder fusies,splitsingen,ontbindingen,vereffeningen van vennootschappen,overnames,overdrachten van aandelen of handelsfondsen,beursintroducties,management buy-outs,crisismanagement,investeringen,bestuur van vennootschappen en alle gelijkaardige en/of aanverwante diensten en producten (hierna algemeen genoemd “corporate finance”),onder alle vormen te leveren,dit gekoppeld met alle verwante diensten. Zo zal de vennootschap op alle wijzen kunnen instaan,zo voor eigen rekening als voor rekening van derden,voor voorlichting,consultancy,controle,advies,onderricht enz. met betrekking tot alle facetten van “corporate finance”
- Het aantrekken,zoeken van of bemiddeling bij kapitaalverschaffers en financiële partners,zowel onder de vorm van kapitaalverhoging,al dan niet achtergestelde obligatieleningen of “private equity”
- De aanvaarding en uitoefening van alle opdrachten van bestuurder,zaakvoerder,vereffenaar,manager,adviseur en/of gelijkaardige mandaten,van lidmaatschappen in directiecomités en adviescomités,of van eender welke functie in eender welke binnenlandse of buitenlandse rechtspersoon,zelfs wanneer het maatschappelijk voorwerp van voormelde binnenlandse of buitenlandse rechtspersoon geen rechtstreeks of onrechtstreeks verband houdt met het voorwerp van de vennootschap;
- Aan- en verkopen van paarden en aanverwante zaken;
- Fokken van paarden;
- Uitbaten van een manege;
- Het geven van lessen;
- Alle administratieve,industriële,commerciële,financiële,technische,roerende of onroerende verrichtingen,alle handelsverrichtingen,ambachtelijke en/of nijverheidsverrichtingen die van aard zijn de verwezenlijking van het maatschappelijk voorwerp van de vennootschap te vergemakkelijken
- Het ontwikkelen,ontwerpen,kopen,verkopen,commercialiseren,huren of verhuren,in licentie nemen of geven van eender welk intellectueel recht,zoals doch niet beperkt tot merken,tekeningen,logo’s,octrooien,patenten,know-how,expertise of enig andere immateriële vaste activa
- Participeren in andere bedrijven,handelszaken,projectvennootschappen,joint-ventures,vennootschappen,rechtspersonen,bij wijze van inbreng,overname,fusie,splitsing,inschrijving,geldschieting of op om het eender welke wijze belangen nemen,zelfs indien het voorwerp ervan niet gelijkaardig is of geen verband toont met het voorwerp van de vennootschap;
- Alle roerende lichamelijke en onlichamelijke goederen,daarin begrepen effecten,warranten,inschrijvingsrechten,voorkeurrechten,voorkooprechten,volgrechten en portefeuillewaarden,al dan niet ter beurs genoteerd alsmede deelnemingen en onverdeelde rechten in handels- of burgerlijke vennootschappen,rechtspersonen of verenigingen verwerven,aankopen,verkopen,commercialiseren of ruilen of op een andere wijze vervreemden
- Het verstrekken en opnemen van leningen,zowel aan de aandeelhouders,bestuurders als aan derden,het stellen en nemen van zekerheden,panden of eender welke waarborg in de meest ruime zin van het woord,het uitvoeren van alle financiële verrichtingen waarvoor geen vergunning of erkenning vereist is
- Elke verrichting die de vennootschap kan helpen om haar voorwerp rechtstreeks of onrechtstreeks te verwezenlijken in de meest uitgebreide zin,zij kan alle handels-,financiële,technische,ambachtelijke,nijverheids-,industriële,roerende of onroerende verrichtingen uitvoeren,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van aard zijn dit te begunstigen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Lange Meerskant 7 registered office 9800 Deinze 62100 Computer programming | 14-03-2024 | 2.357.647.851 |
Buildings and parcels at the address
- Ground area
- 1,408 m²
- Buildings
- 250 m²
- Volume, LiDAR
- 1,147 m³
- Tallest building
- 8.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44078A0588/00C000 | 1,408 m² | 1 · 250 m² | 8.3 m · 2 |