Equity
€1.2m =
MAPECO TURNHOUT has made a profit without a break since 2010.
MAPECO TURNHOUT
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €2.2m (2022)
€1.3m▼ 31.0%
lowest -€76,301 (2009)
€683,031▼ 59.6%
peak €1.2m (2020)
€1.2munchanged
€3.6m▼ 7.4%
peak 17.9 FTE (2010)
15.1 FTE▲ 11.9%
Board6 names since 2021
1 directorNEXIRA
Owners3 names in the annual accounts
99.92%Vico
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Gross margin from €1.9m to €1.3mResult from €1.7m to €683,031Staff from 13.5 FTE to 15.1 FTEDividend €337,668
Key points
from the 2025 annual accountsResult
€683,031 ▼ 59.6%
The result fell in 2025: different schema filed.
Debts
€3.6m 75% of the balance sheet
Financial debts 16%Suppliers 61%Taxes and wages 4%Other 19%
€30,361 of the debts are secured on the company's own assets. In 2021 that was €1.9m.
Investments
€39,698 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 68.1% higher than in 2024.
Staff
20 employees on 31-12-2025
In 2025, 11 people joined and 8 left.
Filings
35 annual accounts since 1991
Two of the last ten came late. The 2024 accounts came latest: 96 days after the end of the period.
Checked score
81
Excellent
Financially stronger than 44% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.3 percentage points vs 08-2025
10-2025: 1.6%▲ +0.5 percentage points vs 09-2025
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.9%▼ -0.8 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.4 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.34, cash €91,218
Equity €1.2m (25.4% of total assets)
1 of the last 3 accounts late
lowers risk
Founded in 1990
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 47, small). It does better than 43% of them on solvency, 10% on liquidity, 88% on profitability and 36% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,613 companies had the same profile as MAPECO TURNHOUT has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MAPECO TURNHOUT itself: 0.6% within 12 months.
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 2,613 companies, not a prediction for MAPECO TURNHOUT. 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 €95,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34 (1.31 in 2024), below the usual 1.5. Short-term debt is 74.1% and cash 1.9% of total assets. 74.6% 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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
96 days late
2023
5 days early
2022
on the day
2021
11 days early
2020
4 days late
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440805216
2 directors appointed, 2 resignations
Resignations: Pixma BV and Vico BV · Permanent representatives: Jean-Pierre Kokx, Sarah Verhees and Kurt Rondou · Appointments: Jean-Pierre Kokx and Nexira BV (managing director) · General meeting of 25-11-2024 · Gazette deed
1 director appointed
Change of role: Vico, from sole director to director · Appointment: Pixma · Permanent representatives: Kokx Jean-Pierre Kristiaan Catharina and Verhees Sarah Theresia · General meeting of 19-03-2024 · Gazette deed
Company renamed from Маресо to Mapeco Turnhout
Change of role: Vico, from director to sole director · Resignation: Pixma (director) · Permanent representatives: Kokx Jean-Pierre Kristiaan Catharina and Verhees, Sarah Theresia · General meeting of 28-08-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAPECO TURNHOUT Turnhout | €4.8m | €1.3m | 25.4% | 15.1 |
| EURO - CONSTRUCT Nieuwerkerken (Limb.) | €6.1m | €1.3m | 98.5% | 14 |
| BRICO SAINT-ELOI Waremme | €4.4m | €1.2m | 23.4% | 13.6 |
| HOBBYCENTER VAN HOECK Lille | €3.5m | €1.3m | 50.4% | 15.6 |
| Mapeco Kalmthout Kalmthout | €4.3m | €0.9m | 50.7% | 18 |
| B.M.S. Antwerp | €3.4m | €1.3m | 71.8% | 13.2 |
| Legerstock Vermeersch-Andries Antwerp | €3.9m | €0.8m | 74.4% | 16.1 |
These companies have the same main activity as MAPECO TURNHOUT: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €3.4m and €6.1m, founded between 1983 and 1996.
Official details
Source: KBO- Status
- Active since 11-05-1990Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.048.294.3622300 Turnhout, since 05-07-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- ≈ €5.3mestimated
- €4.8m▼ 5.7%
- Employeeson 31-12-2025
- 20▲ 17.6%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Companies linked to MAPECO TURNHOUT
Parent and group
Insights on MAPECO TURNHOUT
MAPECO TURNHOUT has existed since 1990. The gross margin grew from €671,914 in 2006 to €1.3m in 2025 and staff from 10.2 to 15.1 full-time equivalents.
The gross margin has fallen every year since 2022.
Vico holds all the shares. In December 2024, the Official Gazette published the appointment of NEXIRA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAPECO TURNHOUT
- What is the company number of MAPECO TURNHOUT?
- The company number of MAPECO TURNHOUT is 0440.805.216. The VAT number is the same number with BE in front: BE 0440.805.216.
- Where is MAPECO TURNHOUT based?
- The registered office is at Steenweg op Gierle 258, 2300 Turnhout.Company details
- What does MAPECO TURNHOUT do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of MAPECO TURNHOUT?
- MAPECO TURNHOUT is a public limited company (NV).
- When was MAPECO TURNHOUT founded?
- MAPECO TURNHOUT was founded on 11-05-1990.
- Is MAPECO TURNHOUT still active?
- Yes, MAPECO TURNHOUT is an active enterprise in the KBO register.
- How many employees does MAPECO TURNHOUT have?
- MAPECO TURNHOUT had an average of 15.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MAPECO TURNHOUT fall under?
- In its 2025 annual accounts, MAPECO TURNHOUT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of MAPECO TURNHOUT?
- The turnover in financial year 2025 is ≈ €5.3m. This figure is estimated from the gross margin of €1.3m and 88 comparable companies (NACE 47). It probably lies between €3.1m and €9.4m.
- Is MAPECO TURNHOUT profitable?
- In financial year 2025, MAPECO TURNHOUT made a profit of €683,031.
- Where can I find the annual accounts of MAPECO TURNHOUT?
- MAPECO TURNHOUT filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAPECO TURNHOUT due?
- MAPECO TURNHOUT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.