MAPEN
Open bankruptcyA bankruptcy procedure is open for MAPEN according to publications in the Belgian State Gazette; curator: FRANCIS VOLCKAERT.
Summary
The 2023 annual accounts show equity of €46,133 and a net result of -€10,870.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 24 February 2025
- Supervising judge
- Heidi Diet
- Official Gazette
- 28-02-2025 (pdf) ↗search the document for 2025/108766
Deadlines
- Provisional date payments stopped
- 24 February 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 15 March 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 March 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 April 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 24 February 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francis VolckaertKapellestraat 136 Blok E, 8020 Oostkampfrancis.volckaert@dlpa.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 29-04-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
2 d early
2021
31 d late
2020
3 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€46,133▼ 19.1%
2022 · €57,003
Total assets
€103,334▼ 1.7%
2022 · €105,152
Net result
-€10,870
2022 · €6,132
Working capital
€49,651▼ 20.2%
2022 · €62,190
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€18,935€17,419▼ 8.0%-€546€4,911-€10,881
Net result€12,027€17,290▲ 43.8%€634▼ 96.3%€6,132▲ 867%-€10,870
Equity€32,947▲ 57.5%€50,237▲ 52.5%€50,871▲ 1.3%€57,003▲ 12.1%€46,133▼ 19.1%
Total assets€63,454▲ 89.5%€79,276▲ 24.9%€80,015▲ 0.9%€105,152▲ 31.4%€103,334▼ 1.7%
Debt€30,507▲ 143%€29,040▼ 4.8%€29,144▲ 0.4%€48,149▲ 65.2%€57,201▲ 18.8%
Working capital€30,581▲ 53.5%€51,943▲ 69.9%€52,793▲ 1.6%€62,190▲ 17.8%€49,651▼ 20.2%
Staff (FTE)0.20.2=0.2=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €10,881 after €4,911 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €103,334
Fixed assets
€6,965 ▼ 20.0%
Current assets
€96,370 ▼ 0.1%
Equity and liabilities €103,334
Equity
€46,133 ▼ 19.1%
Debt
€57,201 ▲ 18.8%
Debt's share of the balance-sheet total rises from 45.8% to 55.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,140▼
2022 · €5,140
Cash flow
-€9,128▼
2022 · €6,362
Current ratio
2.06▼
2022 · 2.82
Debt to equity
1.24▲
2022 · 0.84
ROE
-23.6%▼
2022 · 10.8%
ROA
-10.5%▼
2022 · 5.8%
Interest coverage
-13.32▼
2022 · 9.02
Debt ≤ 1 year
€46,718▲
2022 · €34,255
Income taxes
€1,233
Staff costs
€266▼
2022 · €2,693
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,364 | €2,693 | €266 | ▼ 90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €192 | €396 | €204 | €230 | €1,742 | ▲ 659% |
| Other operating charges640/8 | - | - | €973 | €2,003 | €2,646 | ▲ 32.1% |
| Gross operating margin9900 | €24,508 | €31,078 | €7,996 | €9,836 | -€6,228 | ▼ 163% |
| Operating profit (loss)9901 | €18,935 | €17,419 | -€546 | €4,911 | -€10,881 | ▼ 322% |
| Financial income75/76B | - | - | €1,527 | €1,791 | €1,931 | ▲ 7.8% |
| Recurring financial income75 | €3,989 | €1,841 | €1,527 | €1,791 | €1,931 | ▲ 7.8% |
| Financial charges65/66B | - | - | €347 | €570 | €686 | ▲ 20.4% |
| Recurring financial charges65 | €2,591 | €294 | €347 | €570 | €686 | ▲ 20.4% |
| Profit (loss) for the period before taxes9903 | €20,333 | €18,965 | €634 | €6,132 | -€9,637 | ▼ 257% |
| Income taxes67/77 | €8,306 | €1,675 | - | - | €1,233 | - |
| Profit (loss) for the period9904 | €12,027 | €17,290 | €634 | €6,132 | -€10,870 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €12,027 | €17,290 | €634 | €6,132 | -€10,870 | ▼ 277% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,454 | €79,276 | €80,015 | €105,152 | €103,334 | ▼ 1.7% |
| Fixed assets21/28 | €2,366 | €3,002 | €2,787 | €8,706 | €6,965 | ▼ 20.0% |
| Tangible fixed assets22/27 | €192 | €817 | €613 | €6,532 | €4,791 | ▼ 26.7% |
| Furniture and vehicles24 | - | - | €613 | €6,532 | €4,791 | ▼ 26.7% |
| Financial fixed assets28 | €2,174 | €2,185 | €2,174 | €2,174 | €2,174 | = |
| Current assets29/58 | €61,088 | €76,274 | €77,228 | €96,446 | €96,370 | ▼ 0.1% |
| Amounts receivable after more than one year29 | - | - | €55,000 | €69,000 | €69,000 | = |
| Other amounts receivable291 | - | - | €55,000 | €69,000 | €69,000 | = |
| Amounts receivable within one year40/41 | €3,137 | €7,403 | €19,086 | €20,001 | €19,086 | ▼ 4.6% |
| Trade receivables40 | - | - | €19,086 | €19,086 | €19,086 | = |
| Other amounts receivable41 | - | - | - | €916 | - | - |
| Cash at bank and in hand54/58 | €15,950 | €12,031 | €1,615 | €653 | €1,160 | ▲ 77.7% |
| Deferred charges and accrued income490/1 | - | - | €1,527 | €6,791 | €7,124 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,454 | €79,276 | €80,015 | €105,152 | €103,334 | ▼ 1.7% |
| Equity10/15 | €32,947 | €50,237 | €50,871 | €57,003 | €46,133 | ▼ 19.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,347 | €31,637 | €32,271 | €38,403 | €27,533 | ▼ 28.3% |
| Non-distributable reserves130/1 | - | - | €990 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €990 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €31,281 | €36,543 | €25,673 | ▼ 29.7% |
| Amounts payable17/49 | €30,507 | €29,040 | €29,144 | €48,149 | €57,201 | ▲ 18.8% |
| Amounts payable within one year42/48 | €30,507 | €24,331 | €24,435 | €34,255 | €46,718 | ▲ 36.4% |
| Trade debts44 | €14,076 | €9,009 | €10,197 | €20,697 | €29,695 | ▲ 43.5% |
| Suppliers440/4 | - | - | €10,197 | €20,697 | €29,695 | ▲ 43.5% |
| Taxes, remuneration and social security45 | - | - | €13,812 | €13,558 | €16,844 | ▲ 24.2% |
| Taxes450/3 | - | - | €13,211 | €13,558 | €16,844 | ▲ 24.2% |
| Remuneration and social security454/9 | - | - | €601 | - | - | - |
| Other amounts payable47/48 | - | - | €426 | - | €179 | - |
| Accrued charges and deferred income492/3 | - | - | €4,709 | €13,894 | €10,483 | ▼ 24.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,027 | €17,290 | €634 | €6,132 | -€10,870 | ▼ 277% |
| + Depreciation and write-downs630 | €192 | €396 | €204 | €230 | €1,742 | ▲ 659% |
| Operating cash flow (approximation) | €12,219 | €17,686 | €838 | €6,362 | -€9,128 | ▼ 243% |
| Investment in fixed assets (approximation) | - | -€1,033 | €11 | -€6,149 | €0 | ▲ 100% |
| Change in cash | - | -€3,920 | -€10,416 | -€962 | €507 | ▲ 153% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 24-02-2025
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€10,870
Net result drops to -€10,870, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-09
Financial
Highest result since 2018net €17,290 ▲43.8%
Net result €17,290, the highest in the series.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
30-09
Financial
Back to profitnet €12,027
Net result €12,027 after one loss-making year.
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ichtegem
Ground area
1,049 m²
Building footprint
114 m²
Parcel 35003C0736/00E000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003C0736/00E000 | Flanders | 1,049 m² | 1 · 114 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCIS VOLCKAERT KAPELLESTRAAT 136 BLOK E,
8020 OOSTKAMP |
24-02-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-10-2001
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475941584
Registered
28-09-2024
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.