MAPHIMI
ActiveSummary
MAPHIMI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €4k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+2
Solvency100=
Growth50=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 22.96 against 32.56 in 2024; short-term debt: 3% and cash: 34.6% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97%
Return on assets
8.8%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
1 d late
2022
1 d late
2021
4 d late
2020
19 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€15k▲ 10.0%
2021 · €14k
2018: €13klowest in 5 years
2019: €14k▲ +7.8% vs 2018
2020: €14k▼ -1.3% vs 2019
2021: €14k▼ -2.6% vs 2020
2022: €15k▲ +10.0% vs 2021highest in 5 years
2018 → 2022
EBIT margin
-12.5%▼ 43.9pp
2021 · 31.4%
2018: 34.8%highest in 5 years
2019: 30.2%▼ -13.2% vs 2018
2020: 29.2%▼ -3.6% vs 2019
2021: 31.4%▲ +7.8% vs 2020
2022: -12.5%▼ -140% vs 2021lowest in 5 years
2018 → 2022
Net result
€4k▲ 22.4%
2024 · €3k
2018: €4khighest in 8 years
2019: €4k▼ -7.0% vs 2018
2020: €4k▼ -5.0% vs 2019
2021: €4k▲ +4.5% vs 2020
2022: €-2k▼ -146% vs 2021lowest in 8 years
2023: €2k▲ +193% vs 2022
2024: €3k▲ +72.5% vs 2023
2025: €4k▲ +22.4% vs 2024
2018 → 2025
Working capital
€28k▲ 9.1%
2024 · €25k
2018: €7klowest in 8 years
2019: €12k▲ +60.2% vs 2018
2020: €16k▲ +35.8% vs 2019
2021: €20k▲ +27.5% vs 2020
2022: €25k▲ +24.1% vs 2021
2023: €25k▼ -2.8% vs 2022
2024: €25k▲ +2.3% vs 2023
2025: €28k▲ +9.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14k-€15k▲ 10.0%
2021: €14k
2022: €15k▲ +10.0% vs 2021
Equity€34k-€33k▼ 5.5%€34k▲ 5.4%€37k▲ 8.9%€41k▲ 10.0%
2021: €34k
2022: €33k▼ -5.5% vs 2021lowest in 5 years
2023: €34k▲ +5.4% vs 2022
2024: €37k▲ +8.9% vs 2023
2025: €41k▲ +10.0% vs 2024highest in 5 years
Operating result€4k-€-2k€2k€3k▲ 70.7%€4k▲ 22.1%
2021: €4khighest in 5 years
2022: €-2k▼ -144% vs 2021lowest in 5 years
2023: €2k▲ +198% vs 2022
2024: €3k▲ +70.7% vs 2023
2025: €4k▲ +22.1% vs 2024
Net result€4k-€-2k€2k€3k▲ 72.5%€4k▲ 22.4%
2021: €4khighest in 5 years
2022: €-2k▼ -146% vs 2021lowest in 5 years
2023: €2k▲ +193% vs 2022
2024: €3k▲ +72.5% vs 2023
2025: €4k▲ +22.4% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€14k ▼ 3.0%
Current assets
€29k ▲ 10.6%
Equity and liabilities €42k
Equity
€41k ▲ 10.0%
Debt
€1k ▼ 52.4%
Debt's share of the balance-sheet total falls from 6.6% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €4k
Cash flow
€4k▲
2024 · €3k
Current ratio
22.96▼
2024 · 32.56
Debt to equity
0.03▼
2024 · 0.07
ROE
9.1%▲
2024 · 8.1%
ROA
8.8%▲
2024 · 7.6%
Interest coverage
92.93▲
2024 · 77.78
Debt ≤ 1 year
€1k▲
2024 · €799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40k€42k▲
Fixed assets21/28€14k€14k▼
Tangible fixed assets22/27€14k€14k▼
Land and buildings22€14k€14k▼
Current assets29/58€26k€29k▲
Amounts receivable within one year40/41€12k€14k▲
Trade receivables40€7k€9k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€14k€15k▲
Equity and liabilities
Total equity and liabilities10/49€40k€42k▲
Equity10/15€37k€41k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€13k€13k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-38k€-34k▲
Amounts payable17/49€3k€1k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€799€1k▲
Trade debts44€799€1k▲
Suppliers440/4€799€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€416€416=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€6k€6k▲
Operating profit (loss)9901€3k€4k▲
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€3k€4k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-34k▲
Profit (loss) brought forward from the previous period14P€-41k€-38k▲
Transfer to equity691/2€152-
To the legal reserve6920€152-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €14k | €15k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €7k | €14k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €298 | €401 | €416 | €416 | €416 | = |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 3.2% |
| Gross operating margin9900 | €6k | €445 | €4k | €6k | €6k | ▲ 13.3% |
| Operating profit (loss)9901 | €4k | €-2k | €2k | €3k | €4k | ▲ 22.1% |
| Financial charges65/66B | €135 | €45 | €45 | €45 | €45 | = |
| Recurring financial charges65 | €135 | €45 | €45 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €4k | €-2k | €2k | €3k | €4k | ▲ 22.4% |
| Profit (loss) for the period9904 | €4k | €-2k | €2k | €3k | €4k | ▲ 22.4% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-2k | €2k | €3k | €4k | ▲ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €41k | €39k | €40k | €42k | ▲ 5.8% |
| Fixed assets21/28 | €14k | €15k | €14k | €14k | €14k | ▼ 3.0% |
| Tangible fixed assets22/27 | €14k | €15k | €14k | €14k | €14k | ▼ 3.0% |
| Land and buildings22 | €14k | €15k | €14k | €14k | €14k | ▼ 3.0% |
| Current assets29/58 | €25k | €26k | €25k | €26k | €29k | ▲ 10.6% |
| Amounts receivable within one year40/41 | €7k | €7k | €11k | €12k | €14k | ▲ 19.5% |
| Trade receivables40 | €7k | €7k | €7k | €7k | €9k | ▲ 32.1% |
| Other amounts receivable41 | - | - | €4k | €5k | €5k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €18k | €19k | €14k | €14k | €15k | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €41k | €39k | €40k | €42k | ▲ 5.8% |
| Equity10/15 | €34k | €33k | €34k | €37k | €41k | ▲ 10.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €13k | €13k | €13k | €13k | €13k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-41k | €-42k | €-41k | €-38k | €-34k | ▲ 9.8% |
| Amounts payable17/49 | €5k | €8k | €5k | €3k | €1k | ▼ 52.4% |
| Amounts payable after more than one year17 | - | €8k | €5k | €2k | - | - |
| Financial debts170/4 | - | €8k | €5k | €2k | - | - |
| Amounts payable within one year42/48 | €5k | €444 | €382 | €799 | €1k | ▲ 56.8% |
| Trade debts44 | €690 | €363 | €382 | €799 | €1k | ▲ 56.8% |
| Suppliers440/4 | €690 | €363 | €382 | €799 | €1k | ▲ 56.8% |
| Other amounts payable47/48 | €4k | €81 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-2k | €2k | €3k | €4k | ▲ 22.4% |
| + Depreciation and write-downs630 | €298 | €401 | €416 | €416 | €416 | = |
| Operating cash flow (approximation) | €4k | €-1k | €2k | €3k | €4k | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €0 | - |
| Change in cash | - | €1k | €-5k | €31 | €454 | ▲ 1,365% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 11current ratio 58.12
Current ratio from 5.24 to 58.12; short-term debt falls from €5k to €444.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grimbergen · 1 establishment unit since 1989
Ground area
2,619 m²
Building footprint
746 m²
Volume, LiDAR
13,532 m³
2 parcels, Flanders · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Luitberg 20, 1853 Grimbergen
since 19892.043.608.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0313/00E002 | Flanders | 2,311 m² | 1 · 625 m² | 24.3 m · 7 fl. |
| 23084A0502/00F002 | Flanders | 308 m² | 1 · 121 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,693 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-08-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.