Equity
MAPCO paid out €19,000 in dividends. That is 39% of the 2025 profit.
MAPCO paid out €19,000 in dividends. That is 39% of the 2025 profit.
The micro format states no turnover.
Short-term debts fell from €47,072 to €34,930.
Nine of the last ten came late. The 2022 accounts came latest: 126 days after the end of the period.
Higher solvency than 85% of companies in head offices and management consultancy. Sector median 55.5% · 41,228 companies.
In July 2024, 34,721 companies had the same profile as MAPCO has now. Each dot stands for 87 companies, two years later.
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 34,721 companies, not a prediction for MAPCO. 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 | ||||
|---|---|---|---|---|
| MAPCO Trooz | €267,374 | €90,654 | 86.9% | - |
| SCOPE MANAGEMENT Chaudfontaine | €228,506 | €83,039 | 65.9% | - |
| SOCIETE 25 Blegny | €250,972 | €77,359 | 71.3% | - |
| A.R.C. MANAGEMENT Aywaille | €264,176 | €77,936 | 53.1% | - |
| SLB INVEST Anthisnes | €289,716 | €110,864 | 93.9% | - |
| EXOCONSULT Ittre | €255,311 | €93,114 | 77.0% | - |
| VLM INVEST Temse | €256,335 | €88,038 | 61.2% | - |
These companies have the same main activity as MAPCO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €229,000 and €290,000, founded between 2010 and 2012.
MAPCO files the micro format. That format states no turnover. The gross margin rose from €29,924 in 2011 to €90,654 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 ≈ €190,000. Estimated: probably between €140,000 and €230,000.
Higher than 85% of 41,228 companies in 2025.
Higher than 81% of 39,797 companies in 2025.
Higher than 57% of 40,318 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
267,374 | 250,276 | 184,699 | 143,929 | 135,305 | 123,649 | 100,163 | 108,042 | 132,773 | 114,199 | 101,705 | 64,440 | 67,987 | 40,285 | 30,202 | |
21/28 |
63,891 | 64,654 | 39,424 | 37,624 | 43,955 | 41,626 | 43,521 | 46,906 | 47,624 | 50,714 | 53,577 | 2,298 | 3,192 | 1,284 | 844 | |
21 |
- | - | 1,450 | 2,900 | 4,350 | 5,800 | 7,250 | 8,700 | 10,150 | 11,600 | 13,050 | - | - | - | - | |
22/27 |
63,891 | 64,654 | 37,974 | 34,724 | 39,605 | 35,826 | 36,271 | 38,206 | 37,474 | 39,114 | 40,527 | 2,298 | 3,192 | 1,284 | 844 | |
22 |
53,460 | 46,247 | 33,016 | 27,557 | 29,327 | 31,097 | 32,867 | 34,637 | 36,407 | 38,177 | 39,947 | - | - | - | - | |
23 |
- | - | - | 235 | 470 | 705 | 940 | - | - | - | - | - | - | - | - | |
24 |
10,431 | 18,407 | 4,958 | 6,932 | 9,808 | 4,024 | 2,464 | 3,569 | 1,066 | 937 | 580 | 2,298 | 3,192 | 1,284 | 844 | |
29/58 |
203,483 | 185,622 | 145,275 | 106,306 | 91,349 | 82,023 | 56,642 | 61,136 | 85,149 | 63,485 | 48,128 | 62,142 | 64,795 | 39,001 | 29,358 | |
40/41 |
87,803 | 82,359 | 46,731 | 48,048 | 45,848 | 42,409 | 26,324 | 34,654 | 47,475 | 40,677 | 39,655 | 36,354 | 34,032 | 33,570 | 27,212 | |
40 |
9,742 | 22,609 | 12,046 | 13,031 | 19,345 | 16,926 | 1,530 | 9,603 | 15,695 | 12,126 | 9,370 | 9,875 | 8,564 | 6,857 | 8,485 | |
41 |
78,060 | 59,750 | 34,685 | 35,018 | 26,502 | 25,483 | 24,794 | 25,051 | 31,780 | 28,552 | 30,285 | 26,479 | 25,468 | 26,713 | 18,727 | |
54/58 |
115,358 | 103,263 | 97,699 | 58,191 | 42,999 | 37,466 | 27,919 | 24,090 | 34,903 | 17,582 | 6,231 | 12,551 | 30,763 | 4,749 | 1,464 | |
490/1 |
322 | - | 845 | 67 | 2,502 | 2,149 | 2,398 | 2,392 | 2,771 | 5,226 | 2,242 | 13,237 | - | 682 | 682 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
267,374 | 250,276 | 184,699 | 143,929 | 135,305 | 123,649 | 100,163 | 108,042 | 132,773 | 114,199 | 101,705 | 64,440 | 67,987 | 40,285 | 30,202 | |
10/15 |
232,444 | 203,204 | 151,551 | 121,070 | 103,970 | 91,967 | 71,825 | 73,963 | 82,597 | 70,704 | 52,184 | 50,238 | 48,303 | 37,203 | 22,989 | |
10/11 |
6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | |
13 |
151,234 | 102,994 | 32,341 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
133 |
151,234 | 102,994 | 32,341 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
74,710 | 93,710 | 112,710 | 112,710 | 95,610 | 83,607 | 63,465 | 65,603 | 74,237 | 62,344 | 43,824 | 41,878 | 39,943 | 28,843 | 14,629 | |
17/49 |
34,930 | 47,072 | 33,148 | 22,860 | 31,334 | 31,681 | 28,338 | 34,079 | 50,176 | 43,495 | 49,521 | 14,202 | 19,684 | 3,082 | 7,213 | |
17 |
- | - | 666 | 5,140 | 10,025 | 12,154 | 15,775 | 19,296 | 23,011 | 29,768 | 29,291 | - | - | - | - | |
170/4 |
- | - | 666 | 5,140 | 10,025 | 12,154 | 15,775 | 19,296 | 23,011 | 29,768 | 29,291 | - | - | - | - | |
42/48 |
34,930 | 47,072 | 31,539 | 17,532 | 21,309 | 19,527 | 12,563 | 14,783 | 27,164 | 13,727 | 20,095 | 14,202 | 19,684 | 3,082 | 7,213 | |
42 |
- | - | 4,473 | 4,885 | 4,759 | 3,621 | 3,521 | 3,715 | 6,756 | 6,563 | 3,150 | - | - | - | - | |
44 |
2,986 | 7,364 | 1,555 | 592 | 1,702 | 3,324 | 831 | 750 | - | 172 | 10,259 | 3,062 | 4,034 | 1,026 | 1,004 | |
440/4 |
2,986 | 7,364 | 1,555 | 592 | 1,702 | 3,324 | 831 | 750 | - | 172 | 10,259 | 3,062 | 4,034 | 1,026 | 1,004 | |
46 |
- | - | - | - | 300 | - | - | - | - | - | - | - | - | - | - | |
45 |
12,944 | 20,017 | 23,461 | 10,005 | 13,699 | 11,733 | 7,921 | 10,160 | 13,750 | 6,834 | 6,589 | 7,659 | 7,400 | 2,056 | 6,209 | |
450/3 |
12,944 | 20,017 | 23,461 | 10,005 | 13,699 | 11,733 | 7,921 | 10,160 | 13,750 | 6,834 | 6,589 | 7,659 | 7,400 | 2,056 | 6,209 | |
47/48 |
19,000 | 19,691 | 2,049 | 2,049 | 849 | 849 | 289 | 158 | 6,658 | 158 | 97 | 3,481 | 8,250 | - | - | |
492/3 |
- | - | 943 | 188 | - | - | - | - | - | - | 135 | - | - | - | - | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 85,849 | 107,942 | |
76A |
- | 158 | - | 351 | - | - | 35 | - | 6,942 | - | - | - | 27,709 | - | - | |
9900 |
90,654 | 109,200 | 50,870 | 29,401 | 23,854 | 25,752 | 1,821 | -4,099 | 29,363 | 31,911 | 10,165 | 13,353 | 3,000 | 23,047 | 29,924 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 69,451 | 83,188 | |
630 |
14,708 | 12,961 | 5,934 | 6,332 | 5,271 | 4,586 | 4,560 | 4,325 | 3,958 | 3,672 | 3,824 | 894 | 1,125 | 633 | 1,459 | |
640/8 |
3,377 | 855 | 616 | 621 | 674 | 610 | 605 | 598 | 1,869 | 1,376 | 899 | 864 | - | 934 | 2,793 | |
66A |
316 | - | - | - | 4,374 | 673 | 77 | 660 | - | - | 3,177 | 210 | - | - | - | |
9901 |
72,253 | 95,385 | 44,320 | 22,449 | 13,537 | 19,883 | -3,420 | -9,682 | 23,536 | 26,863 | 5,442 | 11,595 | 1,875 | 21,480 | 25,672 | |
75/76B |
3,566 | 2,882 | 1,794 | 2,076 | 1,667 | 2,567 | 2,126 | 2,245 | 2,143 | 2,318 | 1,985 | 2,292 | 2,209 | 5 | 14 | |
75 |
3,566 | 2,882 | 1,794 | 2,076 | 1,667 | 2,567 | 2,126 | 2,245 | 2,143 | 2,318 | 1,985 | 2,292 | 2,209 | 5 | 14 | |
65/66B |
1,553 | 167 | 2,661 | 2,048 | 740 | 777 | 844 | 1,059 | 1,081 | 1,328 | 1,127 | 360 | 229 | 231 | 41 | |
65 |
1,553 | 167 | 440 | 581 | 740 | 777 | 844 | 1,059 | 1,081 | 1,328 | 1,127 | 360 | 229 | 231 | 41 | |
66B |
- | - | 2,221 | 1,467 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
74,265 | 98,099 | 43,453 | 22,477 | 14,463 | 21,673 | -2,138 | -8,495 | 24,597 | 27,854 | 3,123 | 13,317 | 31,564 | 21,254 | 25,645 | |
67/77 |
26,026 | 27,446 | 12,972 | 5,378 | 2,460 | 1,530 | - | 140 | 6,204 | 9,334 | 1,177 | 6,901 | 9,464 | 7,040 | 9,156 | |
9904 |
48,240 | 70,653 | 30,481 | 17,100 | 12,003 | 20,143 | -2,138 | -8,634 | 18,393 | 18,520 | 1,946 | 6,416 | 22,100 | 14,214 | 16,489 | |
9905 |
48,240 | 70,653 | 30,481 | 17,100 | 12,003 | 20,143 | -2,138 | -8,634 | 18,393 | 18,520 | 1,946 | 6,416 | 22,100 | 14,214 | 16,489 | |
| Appropriation of the result | ||||||||||||||||
9906 |
141,949 | 183,363 | 143,191 | 112,710 | 95,610 | 83,607 | 63,465 | 65,603 | 80,737 | 62,344 | 43,824 | 46,359 | 50,943 | 28,843 | 16,489 | |
14P |
93,710 | 112,710 | 112,710 | 95,610 | 83,607 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
48,240 | 70,653 | 30,481 | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | 30,481 | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
48,240 | 70,653 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
19,000 | 19,000 | - | - | - | - | - | - | 6,500 | - | - | 4,481 | 11,000 | - | - | |
694 |
19,000 | 19,000 | - | - | - | - | - | - | - | - | - | - | 11,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | 6,500 | - | - | 4,481 | - | - | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427730.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00427730 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00278849 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00408330 | |
| 31-12-2022 | micro format | 04-12-2023 | 2023-00521137 | |
| 31-12-2021 | micro format | 21-10-2022 | 2022-20468944 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-49100095 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60300262 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300029 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56800164 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44900108 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-47700352 | |
| 31-12-2014 | full format | 20-08-2015 | 2015-44500401 | |
| 31-12-2013 | full format | 05-08-2014 | 2014-39700537 | |
| 31-12-2012 | full format | 17-06-2013 | 2013-19000239 | |
| 31-12-2011 | full format | 14-06-2012 | 2012-18000594 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 86,961 | 108,345 | 50,254 | 28,780 | 18,807 | 24,469 | 1,140 | -5,357 | 27,494 | 30,535 | 9,266 | 12,489 | 3,000 | 22,113 | 27,131 | ||
| 62,948 | 83,614 | 36,415 | 23,431 | 17,273 | 24,728 | 2,422 | -4,309 | 22,351 | 22,192 | 5,770 | 7,310 | 23,225 | 14,847 | 17,948 | ||
| 13,945 | 38,190 | 7,735 | 0 | 7,600 | 2,691 | 1,175 | 4,093 | 868 | 808 | 57,895 | 0 | 3,033 | 1,073 | 1,403 | ||
| 12,095 | 5,565 | 39,508 | 15,192 | 5,533 | 9,547 | 3,829 | -10,813 | 17,321 | 11,351 | -6,320 | -18,212 | 26,014 | 3,285 | - | ||
| 168,553 | 138,550 | 113,735 | 88,774 | 70,040 | 62,495 | 44,079 | 46,353 | 57,985 | 49,758 | 28,033 | 47,940 | 45,111 | 35,919 | 22,145 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 25.0% | 23.8% | ||
| 86.9% | 81.2% | 82.1% | 84.1% | 76.8% | 74.4% | 71.7% | 68.5% | 62.2% | 61.9% | 51.3% | 78.0% | 71.0% | 92.3% | 76.1% | ||
| 5.83 | 3.94 | 4.61 | 6.06 | 4.29 | 4.20 | 4.51 | 4.14 | 3.13 | 4.62 | 2.40 | 4.38 | 3.29 | 12.65 | 4.07 | ||
| 0.15 | 0.23 | 0.22 | 0.19 | 0.30 | 0.34 | 0.39 | 0.46 | 0.61 | 0.62 | 0.95 | 0.28 | 0.41 | 0.08 | 0.31 | ||
| 20.8% | 34.8% | 20.1% | 14.1% | 11.5% | 21.9% | -3.0% | -11.7% | 22.3% | 26.2% | 3.7% | 12.8% | 45.8% | 38.2% | 71.7% | ||
| 18.0% | 28.2% | 16.5% | 11.9% | 8.9% | 16.3% | -2.1% | -8.0% | 13.9% | 16.2% | 1.9% | 10.0% | 32.5% | 35.3% | 54.6% | ||
| 55.99 | over 100 | over 100 | 49.58 | 25.40 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 29 days | 29 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 5 days | 4 days |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,945 | €38,190 | €7,735 | - | €7,600 |
| €14,708 | €12,961 | €5,934 | €6,332 | €5,271 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 24% lower than in 2024.
Debt's share of the balance-sheet total falls from 18.8% to 13.1%. Equity is higher and debt is lower.
MAPCO has no parent and no holdings in its annual accounts. is the only director. MAPCO shares no director with another company.
| STRATAG'M
registered office since 18-02-2019 · founded in 2019 |
total assets €69,097 (2025) 0720.856.389 |
| The New-Yorker-American hot-dog
registered office since 01-01-2012 · founded in 2011 |
total assets €34,456 (2025) 0839.997.333 |
| Écho & Co
registered office since 27-09-2025 |
founded in 2025 1028.229.395 |
| Botty, Marielle (sole trader)
establishment since 01-07-2009 |
founded in 2015 0816.720.895 |
| Woyaffe, Maverick (sole trader)
establishment since 01-01-2009 |
founded in 2009 0807.609.033 |
| Association des copropriétaires de la "Résidence de SAINRY" à Trooz (FORET) rue Au Thier, 4.
registered office since 15-06-2007 |
founded in 2007 0890.744.961 |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| MAPCO SPRL registered office Rue Au Thier 4, 4870 Trooz | 15-09-2010 | 2.193.783.573 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62040G0246/00A002 | 5,704 m² | 1 · 671 m² | 11.1 m · 3 |
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