Equity
€2,500 from €77,564 in 2022
Equity fell by 97% in 3 years.
MaPau Com
Overview
Lifetime
6 annual accounts with figures on one time axispeak €64,855 (2023)
€55,893▼ 12.6%
lowest -€2,824 (2020)
€37,159▼ 14.0%
peak €77,564 (2022)
€2,500unchanged
€51,837▼ 13.6%
Board1 name since 2020
1 directorGILLIS Martine Marie-Rose Berthe
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €63,939 to €55,893Dividend €37,159
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Debts
€51,837 95% of the balance sheet
Suppliers 22%Taxes and wages 17%Other 61%
Filings
6 annual accounts 3 late
The 2020 accounts came latest: 86 days after the end of the period.
Starting capital
€2,500 100 shares
Position in the sector
€2,500
Less equity than 85% of companies in advertising and market research. Sector median €58,793 · 8,621 companies.
Checked score
87
Excellent
Financially stronger than 46% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged 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 03-2025lowest value
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: 0.4%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.1 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €2,500 (4.6% of total assets)
lowers risk
Liquidity: current ratio 1.02, cash €34,638
Sector: Advertising, market research and public relations activities (NACE 73)
Size: total assets €54,337
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 73, micro). It does better than 16% of them on solvency, 36% on liquidity, 88% on profitability and 43% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 2,153 companies had the same profile as MaPau Com has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of MaPau Com itself is lower: 0.2% within 12 months. It rests on far more data about MaPau Com 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 2,153 companies, not a prediction for MaPau Com. 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 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8614 sector peers (2025).
NBB · sector comparisonPosition among 8614 sector peers
Solvency
better than 15%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 days early
2024
13 days late
2023
19 days early
2022
28 days late
2021
2 days early
2020
86 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 13 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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. The company usually files around 29 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0759516136
Publication in the Belgian Official Gazette
Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founder: GILLIS Martine Marie-Rose Berthe (comparante) · Appointment: GILLIS Martine Marie-Rose Berthe (director) · published on 09-12-2020 · Gazette deed
First establishment
Avenue Saint-Job 46, Wavre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MaPau Com Wavre | €54,337 | €55,893 | 4.6% | - |
| Best Food Innovation Mouscron | €51,457 | €54,513 | 5.8% | - |
| SWIRES Bonheiden | €52,949 | €52,930 | 75.8% | - |
| Kraco Bilzen-Hoeselt | €56,015 | €49,584 | 87.3% | - |
| PIXELL Rumst | €48,696 | €61,638 | -200.6% | - |
| JW TALENT Schaerbeek | €54,913 | €65,267 | 77.4% | - |
| TILIA BLUE Chaudfontaine | €45,057 | €56,741 | 51.8% | - |
These companies have the same main activity as MaPau Com: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €45,100 and €56,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 07-12-2020Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.313.471.4771300 Wavre, since 07-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2025
Annual accounts 2025
- €55,893▼ 12.6%
- €37,159▼ 14.0%
- €2,500=
- €54,337▼ 13.1%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on MaPau Com
MaPau Com files the micro format. That format states no turnover. The gross margin rose from -€1,708 in 2020 to €55,893 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€55,893
▼ 12.6%
€48,634
▼ 13.6%
€37,159
▼ 14.0%
€854
▲ €6,220
4.6%
▲ 0.6 percentage points
1.02
▲ 0.11
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 ≈ €120,000. Estimated: probably between €110,000 and €160,000.
Balance sheet
balance sheet total €54,337 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
4.6%
Higher than 15% of 8,614 companies in 2025.
1.02
Higher than 24% of 8,290 companies in 2025.
68.4%
Higher than 95% of 8,399 companies in 2025.
MaPau Com
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
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 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
54,337 | 62,524 | 69,537 | 119,635 | 80,566 | 38,277 | |
21/28 |
1,646 | 8,210 | 13,572 | 20,924 | 27,142 | 34,433 | |
22/27 |
1,646 | 8,210 | 13,572 | 20,924 | 27,142 | 34,433 | |
24 |
0 | 6,150 | 12,618 | 19,852 | 27,142 | 34,433 | |
26 |
1,646 | 2,061 | 954 | 1,072 | - | - | |
29/58 |
52,691 | 54,314 | 55,965 | 98,711 | 53,424 | 3,844 | |
40/41 |
16,690 | 17,885 | 5,853 | 9,243 | 6,570 | 3,418 | |
40 |
13,042 | 16,069 | 5,100 | 9,243 | 6,570 | - | |
41 |
3,649 | 1,817 | 753 | - | 0 | 3,418 | |
54/58 |
34,638 | 35,139 | 48,901 | 88,286 | 45,634 | 426 | |
490/1 |
1,363 | 1,289 | 1,211 | 1,182 | 1,220 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
54,337 | 62,524 | 69,537 | 119,635 | 80,566 | 38,277 | |
10/15 |
2,500 | 2,500 | 2,500 | 77,564 | 38,200 | -324 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
14 |
0 | 0 | 0 | 75,064 | 35,700 | -2,824 | |
17/49 |
51,837 | 60,024 | 67,037 | 42,071 | 42,367 | 38,601 | |
17 |
- | 0 | 5,589 | 11,124 | 16,606 | 22,035 | |
170/4 |
- | 0 | 5,589 | 11,124 | 16,606 | 22,035 | |
42/48 |
51,837 | 59,679 | 61,448 | 29,403 | 25,761 | 16,566 | |
42 |
0 | 5,589 | 5,535 | 5,482 | 5,429 | 5,377 | |
44 |
11,175 | 585 | 141 | 2,360 | 1,392 | 1,687 | |
440/4 |
11,175 | 585 | 141 | 2,360 | 1,392 | 1,687 | |
45 |
8,944 | 8,956 | 10,341 | 20,915 | 18,913 | 8 | |
450/3 |
8,944 | 8,956 | 10,341 | 20,515 | 18,513 | 8 | |
454/9 |
- | - | 0 | 400 | 400 | - | |
47/48 |
31,718 | 44,550 | 45,431 | 646 | 27 | 9,493 | |
492/3 |
0 | 345 | 0 | 1,544 | - | - | |
| Income statement | |||||||
9900 |
55,893 | 63,939 | 64,855 | 59,386 | 57,410 | -1,708 | |
630 |
6,565 | 6,849 | 7,352 | 7,393 | 7,290 | 374 | |
640/8 |
694 | 775 | 528 | 137 | 554 | 628 | |
9901 |
48,634 | 56,315 | 56,975 | 51,855 | 49,566 | -2,710 | |
75/76B |
47 | 0 | 0 | 1 | - | - | |
75 |
47 | 0 | 0 | 1 | - | - | |
65/66B |
107 | 193 | 273 | 308 | 301 | 105 | |
65 |
107 | 193 | 273 | 308 | 301 | 105 | |
9903 |
48,574 | 56,122 | 56,703 | 51,548 | 49,265 | -2,815 | |
67/77 |
11,415 | 12,936 | 13,174 | 12,184 | 10,742 | 8 | |
9904 |
37,159 | 43,186 | 43,529 | 39,364 | 38,523 | -2,824 | |
9905 |
37,159 | 43,186 | 43,529 | 39,364 | 38,523 | -2,824 | |
| Appropriation of the result | |||||||
9906 |
37,159 | 43,186 | 118,593 | 75,064 | 35,700 | -2,824 | |
14P |
- | 0 | 75,064 | 35,700 | -2,824 | - | |
694/7 |
37,159 | 43,186 | 118,593 | - | - | - | |
694 |
37,159 | 43,186 | 118,593 | - | - | - | |
| Document | |||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00243316 | |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00376243 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00250433 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00410424 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20255426 | |
| 31-12-2020 | micro format | 25-10-2021 | 2021-73300334 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 55,198 | 63,164 | 64,327 | 59,249 | 56,857 | -2,336 | ||
| 43,723 | 50,034 | 50,881 | 46,758 | 45,814 | -2,449 | ||
| 0 | 1,487 | 0 | 1,175 | 0 | 34,807 | ||
| -501 | -13,762 | -39,385 | 42,653 | 45,208 | - | ||
| 854 | -5,366 | -5,483 | 69,308 | 27,663 | -12,721 | ||
| 4.6% | 4.0% | 3.6% | 64.8% | 47.4% | -0.8% | ||
| 1.02 | 0.91 | 0.91 | 3.36 | 2.07 | 0.23 | ||
| 20.73 | 24.01 | 26.81 | 0.54 | 1.11 | - | ||
| - | - | - | 50.8% | 100.8% | - | ||
| 68.4% | 69.1% | 62.6% | 32.9% | 47.8% | -7.4% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - |
A ratio outside any meaningful range has been withheld (balance sheet total €54,337, equity €2,500).
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 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,487 | - | €1,175 | - |
| €6,565 | €6,849 | €7,352 | €7,393 | €7,290 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MaPau Com
The operating result for 2025 is 14% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 96.0% to 95.4%. Debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 07-12-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 30-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 09-12-2020
Mandates through the years
1 name, the dashed line is todayGILLIS Martine Marie-Rose Berthe
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- GILLIS Martine Marie-Rose Berthe
- Director (not named in the articles), from 07-12-2020 to date
Control
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €25 in 2025
- Source
- deed of 09-12-2020
Articles of association
deed of 09-12-2020 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, prix notification initiale”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Friday of May at 16:00
- 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 09-12-2020 ↗
- GILLIS Martine Marie-Rose Berthe 100 shares (100%) · €2,500 in cash
Network & group
No group
MaPau Com has no parent and no holdings in its annual accounts. GILLIS Martine Marie-Rose Berthe is the only director. MaPau Com shares no director with another company.
Timeline
Timeline
13 events since 2020Filings
Financial
Establishments
Other
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 13 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0759516136
2024
Annual accounts 2023 filed PDFmicro format · 19 days before the deadline
2023
Highest result from 2020 to 2025 net €43,529 ▲10.6% The operating result of €56,975 and the net result of €43,529 are both a record.
Annual accounts 2022 filed PDFmicro format · 28 days late
2022
Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Back to profit net €38,523 The net result is €38,523, after one loss-making year.
Liquidity more than 8 times current ratio 2.07 The current ratio rises from 0.23 to 2.07.
Annual accounts 2020 filed PDFmicro format · 86 days late
2020
Publication in the Belgian Official Gazette PDF
IncorporationFounding capital of €2,500, 100 shares · Founder: GILLIS Martine Marie-Rose Berthe (comparante) · Appointment: GILLIS Martine Marie-Rose Berthe (director) · published on 09-12-20205 points ▸
- Founder, GILLIS Martine Marie-Rose Berthe (comparante)
- Founding capital, €2,500, 100 shares
- Registered office clause, Avenue Saint-Job 46, 1300 Wavre
- Board rule, 1
- Director appointment, GILLIS Martine Marie-Rose Berthe (director (not named in the articles))
- The deed holds 3 more points.
First establishment Avenue Saint-Job 46, Wavre
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MaPau Com was incorporated on 7 December 2020 as a private limited company by one natural person, with a starting capital of €2,500.12 Since 2020, GILLIS Martine Marie-Rose Berthe has served as director.3 Total assets rose from €38,277 in 2020 to €54,337 in 2025.4
Company details
Identity
- Enterprise number
- 0759.516.136
- VAT number
- BE 0759.516.136
- Peppol ID
- 0208:0759516136
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-12-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Friday of May at 16:00deed of 09-12-2020 (in French)
- Peppol
- Reachable since 19-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MaPau Com in French
- Name in the Peppol Directory
- MAPAU.COM
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-12-2020 (in French)
- Name clauseThe company operates under this name according to its articles.
- MaPau Comdeed of 09-12-2020 (in French)
Activities
NACEBEL 202573300
Public relations and communication consultancy main activity
Codes under NACEBEL 2008
70210
Activities of head offices; management consultancy activities main activity
68100
Real estate activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le conseil,la formation,l'expertise technique et l'assistance dans les domaines précités; L'élaboration et la recherche de stratégie…”deed of 09-12-2020 (in French)
4 activities
- Le conseil,la formation,l'expertise technique et l'assistance dans les domaines précités;
- L'élaboration et la recherche de stratégie économique,productive,marketing ou organisationnelle au niveau européen et international;
- La prestation de service de conseil en organisation et gestion d'entreprises actives dans ce ou ces domaines,la représentation et l'intervention en tant qu'intermédiaire commercial ;
- La réalisation d’études de faisabilité,d’études comparatives et d’études de marché.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Avenue Saint-Job 46 registered office 1300 Wavre 70200 Business and other management consultancy | 07-12-2020 | 2.313.471.477 |
Buildings and parcels at the address
- Ground area
- 339 m²
- Buildings
- 135 m²
- Volume, LiDAR
- 848 m³
- Tallest building
- 7.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25772G0215/00H015 | 339 m² | 1 · 135 m² | 7.6 m · 2 |
Contact
E-mail
manuel.nyffels@ahtes.be