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Mapi

Active
Public limited companyfounded 2017active for 9 yearsSteenberg 4, 9667 Horebeke, BelgiumKBO/BCE: BE 0678.466.894
Summary

Mapi has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,741 and a net result of -€14,639. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 42% of 11,213 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
€543,425total assets 2025
Equity
€121,741
Loss
-€14,639
Turnover not published (abbreviated format)
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Largest shareholder
PI One · 49.96%
2025 accounts 26 days early1 of 2 deeds summarised
Why 87raises riskLiquidity: current ratio 3.43, cash €10,368lowers riskSize: total assets €543,425Sector: Real estate activities (NACE 68)Legal form: public limited companyShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency 47-8
equity 22.4% of total assets
Liquidity 40-1
short-term debt 29.0% · cash 1.9%
Profitability 15-12
return on assets -2.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,631 companies, NACE 68, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.5%▲ +0.3 percentage points vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.4%▼ -0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.6%▲ +0.1 percentage points vs 10-2025highest value 12-2025: 0.5%▼ -0.1 percentage points vs 11-2025 01-2026: 0.3%▼ -0.2 percentage points vs 12-2025 02-2026: 0.1%▼ -0.2 percentage points vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.43, compared with 3.61 in 2024, above the usual 1.5; short-term debt: 29% and cash: 1.9% of total assets), but 77.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 42% on solvency, 34% on liquidity, 17% on profitability and 27% on growth.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €543,425
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Liquidity: current ratio 3.43, cash €10,368
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€14,639
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
26 days early
2024
4 days early
2023
28 days early
2022
27 days early
2021
28 days early
2020
27 days early
2019
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 4 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€18,466

Financials · financial year 2025, abbreviated format

Equity
€121,741▼ 10.7%
2024 · €136,380
Total assets
€543,425▲ 20.1%
2024 · €452,328
Net result
-€14,639▲ 20.7%
2024 · -€18,466
Working capital
€383,054▲ 17.2%
2024 · €326,870
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result stays negative: a loss of €10,303 in 2025 against €13,650 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€10,303 2025 Net result-€14,639 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€26,973--€2,826€86,797€468,639▲ 440%€27,853▼ 94.1%-€13,650-€10,303▲ 24.5%
Net result€10,010--€8,294within the sector's middle half€63,905within the sector's middle half€352,339above the sector's middle half▲ 451%€16,885within the sector's middle half▼ 95.2%-€18,466within the sector's middle half-€14,639within the sector's middle half▲ 20.7%
Equity€110,010-€101,716within the sector's middle half▼ 7.5%€165,621within the sector's middle half▲ 62.8%€337,960within the sector's middle half▲ 104%€254,846within the sector's middle half▼ 24.6%€136,380within the sector's middle half▼ 46.5%€121,741within the sector's middle half▼ 10.7%
Total assets€554,744-€311,640below the sector's middle half▼ 43.8%€796,503within the sector's middle half▲ 156%€910,710within the sector's middle half▲ 14.3%€555,556below the sector's middle half▼ 39.0%€452,328below the sector's middle half▼ 18.6%€543,425within the sector's middle half▲ 20.1%
Debt€444,734-€209,925▼ 52.8%€630,882▲ 201%€572,750▼ 9.2%€300,710▼ 47.5%€315,949▲ 5.1%€421,684▲ 33.5%
Working capital€497,435-€260,846within the sector's middle half▼ 47.6%€232,874within the sector's middle half▼ 10.7%€655,346above the sector's middle half▲ 181%€450,331within the sector's middle half▼ 31.3%€326,870within the sector's middle half▼ 27.4%€383,054within the sector's middle half▲ 17.2%
Solvency19.8%-32.6%within the sector's middle half▲ 12.8pp20.8%within the sector's middle half▼ 11.8pp37.1%within the sector's middle half▲ 16.3pp45.9%within the sector's middle half▲ 8.8pp30.2%within the sector's middle half▼ 15.7pp22.4%within the sector's middle half▼ 7.7pp
Current ratio9.68-6.14above the sector's middle half▼ 3.541.41within the sector's middle half▼ 4.723.57above the sector's middle half▲ 2.155.28above the sector's middle half▲ 1.713.61above the sector's middle half▼ 1.673.43above the sector's middle half▼ 0.18
Return on assets (ROA)1.8%--2.7%below the sector's middle half▼ 4.5pp8.0%above the sector's middle half▲ 10.7pp38.7%above the sector's middle half▲ 30.7pp3.0%within the sector's middle half▼ 35.6pp-4.1%below the sector's middle half▼ 7.1pp-2.7%below the sector's middle half▲ 1.4pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543,425
Fixed assets €2,580
Current assets €540,845
Equity and liabilities €543,425
Equity €121,741 ▼ 10.7%
Debt €421,684 ▲ 33.5%
Debt's share of the balance-sheet total rises from 69.8% to 77.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,737
Cash flow
-€14,073
Quick ratio
0.88▼
2024 · 1.10
Debt to equity
3.46▲
2024 · 2.32
ROE
-12.0%▲
2024 · -13.5%
Interest coverage
-1.02
Debt ≤ 1 year
€157,791▲
2024 · €125,458
Debt > 1 year
€260,597▲
2024 · €187,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96.5% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
1.3% went bankrupt
1.9% stopped otherwise
96.5% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 748 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€452,328€543,425▲
Fixed assets21/28-€2,580
Tangible fixed assets22/27-€2,580
Furniture and vehicles24-€2,580
Current assets29/58€452,328€540,845▲
Stocks and contracts in progress3€313,736€401,523▲
Stocks30/36€313,736€401,523▲
Amounts receivable within one year40/41€6,065€1,555▼
Trade receivables40€4,659-
Other amounts receivable41€1,405€1,555▲
Current investments50/53€125,000€125,000=
Cash at bank and in hand54/58€7,370€10,368▲
Deferred charges and accrued income490/1€158€2,398▲
Equity and liabilities
Total equity and liabilities10/49€452,328€543,425▲
Equity10/15€136,380€121,741▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€36,380€21,741▼
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Distributable reserves133€26,380€11,741▼
Amounts payable17/49€315,949€421,684▲
Amounts payable after more than one year17€187,054€260,597▲
Financial debts170/4€187,054€260,597▲
Amounts payable within one year42/48€125,458€157,791▲
Current portion of amounts payable after more than one year42€5,117€5,223▲
Trade debts44€341€5,080▲
Suppliers440/4€341€5,080▲
Other amounts payable47/48€120,000€147,488▲
Accrued charges and deferred income492/3€3,437€3,297▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€566
Other operating charges640/8€1,325€1,199▼
Gross operating margin9900-€12,325-€8,538▲
Operating profit (loss)9901-€13,650-€10,303▲
Financial income75/76B€4,685€5,184▲
Recurring financial income75€4,685€5,184▲
Financial charges65/66B€9,501€9,521▲
Recurring financial charges65€9,501€9,521▲
Profit (loss) for the period before taxes9903-€18,466-€14,639▲
Profit (loss) for the period9904-€18,466-€14,639▲
Profit (loss) for the period to be appropriated9905-€18,466-€14,639▲
Appropriation of the result
Profit (loss) to be appropriated9906-€18,466-€14,639▲
Transfer from equity791/2€118,466€14,639▼
Profit to be distributed694/7€100,000-
Return on contributions (dividend)694€100,000-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,664-----€566-
Other operating charges640/8---€3,444€1,421€1,325€1,199▼ 9.5%
Gross operating margin9900€36,844€2,879€95,318€472,083€29,274-€12,325-€8,538▲ 30.7%
Operating profit (loss)9901€26,973-€2,826€86,797€468,639€27,853-€13,650-€10,303▲ 24.5%
Financial income75/76B---€9,513€2,413€4,685€5,184▲ 10.7%
Recurring financial income75€415--€9,513€2,413€4,685€5,184▲ 10.7%
Financial charges65/66B---€10,102€8,399€9,501€9,521▲ 0.2%
Recurring financial charges65€14,865€5,469€4,382€10,102€8,399€9,501€9,521▲ 0.2%
Profit (loss) for the period before taxes9903€12,523-€8,294€82,415€468,050€21,867-€18,466-€14,639▲ 20.7%
Income taxes67/77€2,513-€18,509€115,711€4,981---
Profit (loss) for the period9904€10,010-€8,294€63,905€352,339€16,885-€18,466-€14,639▲ 20.7%
Profit (loss) for the period to be appropriated9905€10,010-€8,294€63,905€352,339€16,885-€18,466-€14,639▲ 20.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€554,744€311,640€796,503€910,710€555,556€452,328€543,425▲ 20.1%
Fixed assets21/28------€2,580-
Tangible fixed assets22/27------€2,580-
Furniture and vehicles24------€2,580-
Current assets29/58€554,744€311,640€796,503€910,710€555,556€452,328€540,845▲ 19.6%
Stocks and contracts in progress3€460,115€225,006€707,371€465,439€309,018€313,736€401,523▲ 28.0%
Stocks30/36---€465,439€309,018€313,736€401,523▲ 28.0%
Amounts receivable within one year40/41€2,994€50,025-€159,070€1,483€6,065€1,555▼ 74.4%
Trade receivables40---€159,070€740€4,659--
Other amounts receivable41----€743€1,405€1,555▲ 10.7%
Current investments50/53---€125,000€125,000€125,000€125,000=
Cash at bank and in hand54/58€45,490€36,109€89,132€161,200€120,056€7,370€10,368▲ 40.7%
Deferred charges and accrued income490/1-----€158€2,398▲ 15×
Equity and liabilities
Total equity and liabilities10/49€554,744€311,640€796,503€910,710€555,556€452,328€543,425▲ 20.1%
Equity10/15€110,010€101,716€165,621€337,960€254,846€136,380€121,741▼ 10.7%
Contributions10/11€100,000€100,000€100,000€100,000€100,000€100,000€100,000=
Capital10---€100,000€100,000€100,000€100,000=
Issued capital100---€100,000€100,000€100,000€100,000=
Reserves13€10,010€1,716€65,621€237,960€154,846€36,380€21,741▼ 40.2%
Non-distributable reserves130/1---€10,000€10,000€10,000€10,000=
Legal reserve130---€10,000€10,000€10,000€10,000=
Distributable reserves133---€227,960€144,846€26,380€11,741▼ 55.5%
Amounts payable17/49€444,734€209,925€630,882€572,750€300,710€315,949€421,684▲ 33.5%
Amounts payable after more than one year17€384,621€156,968€65,095€315,183€192,171€187,054€260,597▲ 39.3%
Financial debts170/4---€315,183€192,171€187,054€260,597▲ 39.3%
Amounts payable within one year42/48€57,309€50,794€563,629€255,364€105,225€125,458€157,791▲ 25.8%
Current portion of amounts payable after more than one year42---€4,911€5,013€5,117€5,223▲ 2.1%
Financial debts43---€46,771----
Credit institutions430/8---€46,771----
Trade debts44€953€1,056€425,189€826€212€341€5,080▲ 15×
Suppliers440/4---€826€212€341€5,080▲ 15×
Taxes, remuneration and social security45---€22,857----
Taxes450/3---€22,857----
Other amounts payable47/48---€180,000€100,000€120,000€147,488▲ 22.9%
Accrued charges and deferred income492/3---€2,202€3,315€3,437€3,297▼ 4.1%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€10,010-€8,294€63,905€352,339€16,885-€18,466-€14,639▲ 20.7%
+ Depreciation and write-downs630€3,664-----€566-
Operating cash flow (approximation)€13,674-€8,294€63,905€352,339€16,885-€18,466-€14,073▲ 23.8%
Change in cash--€9,382€53,023€72,068-€41,145-€112,686€2,999-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
30-06-2025 abbreviated format 05-01-2026 2026-00002661
30-06-2024 abbreviated format 27-01-2025 2025-00012710
30-06-2023 abbreviated format 03-01-2024 2024-00545025
30-06-2022 abbreviated format 04-01-2023 2023-20554404
30-06-2021 abbreviated format 03-01-2022 2022-00100528
30-06-2020 abbreviated format 04-01-2021 2021-00100549
30-06-2019 abbreviated format 13-01-2020 2020-00800444

Similar companies · same sector, comparable size

Of the 7,222 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,545. 3,859 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors
MAERTENS Kris Frans
Director (not named in the articles)
Current
PEPERSTRAETE Jan Maria Cornelius Arnold
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MAERTENS Kris Frans
  • Director (not named in the articles), since before 18-12-2023
PEPERSTRAETE Jan Maria Cornelius Arnold
  • Director (not named in the articles), since before 18-12-2023
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years
  1. 18-12-2023 Capital stated in the deed · €100,000 · 2,500 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 11 July 2017, Mapi was incorporated.1 Total assets went from €554,744 in 2019 to €543,425 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
05-01
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
27-01
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
30-06
Financial Weakest financial yearnet -€18,466
Net result drops to -€18,466, the lowest in the series; recovery starts the following year.
03-01
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
18-12
Gazette deed Reappointments: MAERTENS Kris Frans (director) and PEPERSTRAETE Jan Maria Cornelius Arnold (director)
Amendment of the articles · Capital · Director discharge11 facts ▸
  • General meeting, 12-12-2023
  • Amendment of the articles (2 times)
  • Capital, €100,000
  • Director reappointment, MAERTENS Kris Frans (director (not named in the articles))
  • Director reappointment, PEPERSTRAETE Jan Maria Cornelius Arnold (director (not named in the articles))
  • Other provision, “geen bestuursverbod, geen strafrechtelijk of burgerrechtelijk bestuursverbod tot uitbating onderneming of functie bestuurder,commissaris,zaakvoerder persoonlijk…” (deed in Dutch) (2 times)
  • Director discharge, MAERTENS Kris Frans
  • Director discharge, PEPERSTRAETE Jan Maria Cornelius Arnold
  • Registered office clause, “9667 Horebeke,Steenberg 4” (deed in Dutch)
  • Power of attorney
  • Power of attorney, Alessandro Wibo
04-01
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
30-06
Financial Highest result from 2019 to 2025net €352,339 ▲451%
Operating result €468,639, net result €352,339, both a record.
30-06
Financial Liquidity more than doubledcurrent ratio 3.57
Current ratio from 1.41 to 3.57; short-term debt falls from €563,629 to €255,364.
30-06
Financial Equity above €200,000equity €337,960 ▲104%
2 profitable years in a row build equity to €337,960.
03-01
NBB filing Annual accounts filed
financial year 2021 · abbreviated format
2021
30-06
Financial Back to profitnet €63,905
Net result €63,905 after one loss-making year.
30-06
Financial Equity above €150,000equity €165,621 ▲62.8%
Equity rises from €101,716 to €165,621.
04-01
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
13-01
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPublic limited company
Founded11-07-2017
Financial year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0678466894
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Horebeke · 1 establishment unit since 2017
registered office establishment The establishment unit on the map
Ground area
703 m²
Building footprint
197 m²
Building volume
543 m³
Parcel 45047B0288/00M000, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
Mapi
Steenberg 4, 9667 HorebekeBuying and selling of own real estate
since 2017unit no. 2.266.005.122
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
45047B0288/00M000
ProtectedCultural-historical landscapeHet BurrekenSource ↗
Flanders 703 m² 1 · 197 m² 6.9 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Handel in eigen onroerende goederen:handelspanden,industriële gebouwen,magazijnen en loodsen,flatgebouwen en woningen,niet voor bewoning…” (deed in Dutch)
23 activities (deed in Dutch)
  1. Handel in eigen onroerende goederen:handelspanden,industriële gebouwen,magazijnen en loodsen,flatgebouwen en woningen,niet voor bewoning bestemde gebouwen,grond,terreinen,enz.
  2. Ontwikkeling en promotie van vastgoedprojecten.
  3. Verhuur en exploitatie van eigen of geleased residentieel onroerend goed;Verhuur en exploitatie van niet-residentiële gebouwen zoals kantoorgebouwen,handelspanden,tentoonstellingsruimtes,enz.;verhuur van grond en terreinen.
  4. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de renovatie,de verbouwing,de binnenhuisinrichting en decoratie,de huur-en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten.
  5. Het nemen van participaties in andere vennootschappen,ondernemingen en verenigingen door middel van aankoop van maatschappelijke rechten,inbreng of op elke andere wijze.De vennootschap mag belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen,verenigingen of groeperingen,bestaande of op te richten,zo in België als in het buitenland.
  6. Het waarnemen van alle mandaten,waaronder bestuurder,zaakvoerder,vereffenaar,in Belgische en/of buitenlandse vennootschappen en verenigingen.
  7. Juridische en zakelijke dienstverlening met betrekking tot het beleid van ondernemingen,verenigingen en instellingen;het waarnemen van de algemene leiding en beheer van ondernemingen,verenigingen en instellingen en/of van de leiding en beheer van specifieke afdelingen en diensten.
  8. Het verlenen van adviezen aan bedrijven en verenigingen uit de private en de publieke sector.
  9. Het uitvoeren van administratief-organisatorische opdrachten,bijstand bij de leiding van vennootschappen,ondernemingen en verenigingen,het verstrekken van advies en verlenen van bijstand aan het beheer op het gebied van onder andere management,administratieve organisatie,het opzetten van interne audit,het verbeteren van bestaande en nieuwe beheerstechnieken en managementsystemen,het verstrekken van informatie,het selecteren,opleiden van personeel.
  10. Advies en analyse van de financiële behoeften van de onderneming en de begeleiding en onderhandeling met financiële instellingen,toezien op de optimale aanwending van kredieten,budgettering en budgetcontrole.
  11. Het uitvoeren van alle studies en onderzoek;het verrichten van marktonderzoek;promotie,raadgeving;prospectie;marketing;assistentie op gebied van management,engineering en consulting;technisch,commercieel,administratief,financieel,fiscaal en juridisch beheer en advies.
  12. De publiciteit,reclame,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit,reclame,marketing en algemene communicatie noodzakelijk zijn,zonder enige beperking.
  13. Het verlenen van administratieve diensten en diensten m.b.t.informatie-en communicatietechnologie.
  14. Het verstrekken van onderwijs en opleidingen;het organiseren van events,studiedagen,congressen en seminaries.
  15. Het ontwikkelen,kopen,verkopen,beheer,in waarde stellen,in licentie nemen of geven van brevetten,octrooien,knowhow en andere intellectuele eigendomsrechten;het verwerven en te gelde maken van alle fabrieksmerken,octrooien en andere eruit voortvloeiende of aanvullende rechten en deelnemen aan de opbouw,de ontwikkeling en het beheer van alle vennootschappen.
  16. Het verlenen van advies met betrekking tot het beheer van vennootschappen,ondernemingen en verenigingen;het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen,het exploiteren van alle intellectuele rechten en rechten van industriële of commerciële eigendom.
  17. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur-en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;in het algemeen zal de vennootschap alle roerende en financiële verrichtingen mogen stellen,die nodig of nuttig kunnen zijn voor de verwezenlijking van haar doel.
  18. Het optreden als tussenpersoon inzake handel,in de ruimste zin van het woord,waaronder verstaan makelaarsactiviteiten,commissiehandel en handelsagentuur zowel in binnen-als buitenlandse handel.
  19. Het optreden en handelen als dienstverlener en/of als tussenpersoon bij alle vormen van adviesverlening,managementdiensten en hulp aan het bedrijfsleven,de non-profit sector en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin.
  20. De ontwikkeling,de vervaardiging,de aankoop en verkoop,zowel in groot-als in kleinhandel,trading,de import,de export,de agentuur,de vertegenwoordiging,de commissiehandel,de ruiling en de verhuring,inclusief de diverse vormen van leasing,van allerlei producten,zowel grondstoffen,halffabrikaten,commerciële en afgewerkte producten van alle aard en dit in de meest ruime zin,voor zover door de wet toegelaten.
  21. Het onderzoek,de ontwikkeling,de vervaardiging en/of de commercialisering van nieuwe producten en diensten,nieuwe vormen van technologie en hun toepassingen.
  22. Het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en de controle van ondernemingen;ze kan verder alle hulp verlenen aan ondernemingen waarin ze belang stelt onder meer onder de vorm van leningen,voorschotten of borgstellingen,alsook bij wijze van bijstand inzake bestuur en/of administratie.De vennootschap mag zich borg stellen of zakelijke zekerheden verlenen mits vergoeding,onder voorbehoud evenwel van de verbodsbepaling opgenomen in artikel 7:227 van het Wetboek van vennootschappen en verenigingen.
  23. Het toestaan van leningen en kredietopeningen,het als leasinggever verlenen van leasings van roerende en onroerende goederen,aan vennootschappen en particulieren,onder om het even welke vorm voor zover door de wet toegelaten.In dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels-en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarbanken,hypotheekmaatschappijen en kapitalisatieondernemingen.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MAPI
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, Artikel 2” (deed in Dutch)

deed of 18-12-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 20. Vertegenwoordiging van de vennootschap 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”

deed of 18-12-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Overdracht en overgang aandelen, vrij” (deed in Dutch)

deed of 18-12-2023

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Ontbinding om welke reden en wanneer ook, AV bepaalt” (deed in Dutch)
1 more provision on this in the deed

deed of 18-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Besluitvorming raad van bestuur, tenminste helft leden aanwezig of vertegenwoordigd” (deed in Dutch)
Other provision: “Notulen raad van bestuur, besluiten weergegeven in notulen” (deed in Dutch)
Other provision: “Bevoegdheden raad van bestuur, alle handelingen nodig of dienstig voor voorwerp” (deed in Dutch)
Other provision: “Dagelijks bestuur, raad kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Algemene vergadering beslist bij elke benoeming of en in welke mate bezoldigd met vaste of variabele vergoeding, vergoeding bestuurders” (deed in Dutch)
Other provision: “Organisatie en bijeenroeping algemene vergadering, oproepingen vermelden agenda” (deed in Dutch)
Other provision: “Toelating algemene vergadering, rechten mogen niet geschorst zijn,bij enkel geschorst stemrecht deelname zonder stemming” (deed in Dutch)
Other provision: “Elke aandeelhouder per brief via formulier van bestuursorgaan, stemming per brief” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, aandeelhouders kunnen eenparig schriftelijk alle GA-besluiten nemen binnen wettelijke grenzen behalve…” (deed in Dutch)
Other provision: “Opvraging stortingen, wettelijke interest verhoogd met 2 % per jaar vanaf eisbaarheid” (deed in Dutch)
Other provision: “Op naam, aard aandelen” (deed in Dutch)
Other provision: “Op naam met volgnummer, aard andere effecten” (deed in Dutch)
Other provision: “Rechten uitgeoefend door eigenaar-pandgever, ondeelbaarheid aandelen” (deed in Dutch)
Other provision: “Schriftelijk, bijeenroeping raad van bestuur” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, heldere beschrijving procedures krachtens §1” (deed in Dutch)
Other provision: “Stemrecht, wettelijke en statutaire aandelen zonder stemrecht” (deed in Dutch)
Other provision: “Raad van bestuur tijdens zitting, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Notulen algemene vergadering, speciaal register op zetel” (deed in Dutch)
Other provision: “Jaarvergadering bij gewone meerderheid op voorstel raad, bestemming winst” (deed in Dutch)
Other provision: “Geschillen, uitsluitend rechtbanken zetel” (deed in Dutch)
Other provision: “Keuze woonplaats, in België voor statuten en betrekkingen” (deed in Dutch)
13 more provisions in the deed, see the deed of 18-12-2023

deed of 18-12-2023