MAPI HOLDING
ActiveSummary
MAPI HOLDING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €-3k. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+1
Solvency60=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 65.2% and cash: 1.9% of total assets), and 65.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
163 d late
2019
92 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
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 59.9%
2024 · €-6k
Working capital
€-387k▼ 11.3%
2024 · €-348k
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
Line20212022202320242025
Operating result€-684▲ 81.3%€-348▲ 49.2%€-2k▼ 493%€-3k▼ 49.3%€-1k▲ 65.9%
Net result€-5k▲ 42.3%€-4k▲ 14.6%€-6k▼ 35.2%€-6k▼ 7.6%€-3k▲ 59.9%
Equity€232k▼ 2.2%€228k▼ 1.9%€222k▼ 2.6%€215k▼ 2.9%€213k▼ 1.2%
Total assets€606k=€600k▼ 1.0%€609k▲ 1.5%€608k▼ 0.3%€612k▲ 0.7%
Debt€374k▲ 1.5%€372k▼ 0.5%€387k▲ 4.1%€392k▲ 1.3%€399k▲ 1.8%
Working capital€-243k▼ 19.0%€-305k€-348k▼ 13.8%€-387k▼ 11.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €612k
Fixed assets
€600k =
Current assets
€12k ▲ 60.3%
Equity and liabilities €612k
Equity
€213k ▼ 1.2%
Debt
€399k ▲ 1.8%
Debt's share of the balance-sheet total rises from 64.5% to 65.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.03▲
2024 · 0.02
Debt to equity
1.88▲
2024 · 1.82
ROE
-1.2%▲
2024 · -3.0%
ROA
-0.4%▲
2024 · -1.1%
Debt ≤ 1 year
€399k▲
2024 · €355k
Staff costs
€400▲
2024 · €387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Other operating charges640/8 | - | - | - | €64 | - | - |
| Gross operating margin9900 | €-684 | - | €-2k | €-3k | €-648 | ▲ 75.3% |
| Operating profit (loss)9901 | €-684 | €-348 | €-2k | €-3k | €-1k | ▲ 65.9% |
| Financial charges65/66B | €4k | €4k | €4k | €3k | €2k | ▼ 54.4% |
| Recurring financial charges65 | €4k | €4k | €4k | €3k | €2k | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | €-5k | €-4k | €-6k | €-6k | €-3k | ▲ 59.9% |
| Profit (loss) for the period9904 | €-5k | €-4k | €-6k | €-6k | €-3k | ▲ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-4k | €-6k | €-6k | €-3k | ▲ 59.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €606k | €600k | €609k | €608k | €612k | ▲ 0.7% |
| Fixed assets21/28 | €600k | €600k | €600k | €600k | €600k | = |
| Financial fixed assets28 | €600k | €600k | €600k | €600k | €600k | = |
| Current assets29/58 | €6k | - | €9k | €8k | €12k | ▲ 60.3% |
| Amounts receivable within one year40/41 | - | - | - | - | €344 | - |
| Other amounts receivable41 | - | - | - | - | €344 | - |
| Cash at bank and in hand54/58 | €6k | - | €9k | €8k | €12k | ▲ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €606k | €600k | €609k | €608k | €612k | ▲ 0.7% |
| Equity10/15 | €232k | €228k | €222k | €215k | €213k | ▼ 1.2% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €132k | €128k | €122k | €115k | €113k | ▼ 2.2% |
| Amounts payable17/49 | €374k | €372k | €387k | €392k | €399k | ▲ 1.8% |
| Amounts payable after more than one year17 | €125k | €108k | €73k | €37k | - | - |
| Financial debts170/4 | €125k | €108k | €73k | €37k | - | - |
| Amounts payable within one year42/48 | €249k | €265k | €315k | €355k | €399k | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €50k | €35k | €35k | €36k | €37k | ▲ 2.5% |
| Trade debts44 | €168 | €168 | €168 | - | - | - |
| Suppliers440/4 | €168 | €168 | €168 | - | - | - |
| Other amounts payable47/48 | €199k | €229k | €279k | €319k | €362k | ▲ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-4k | €-6k | €-6k | €-3k | ▲ 59.9% |
| Operating cash flow (approximation) | €-5k | €-4k | €-6k | €-6k | €-3k | ▲ 59.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €-2k | €4k | ▲ 369% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 240 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 605 days late
2019
31-12
Financial
Highest result since 2018net €58k ▲25.6%
Net result €58k, the highest in the series.
31-12
Financial
Equity above €200kEq €246k ▲30.7%
2 profitable years in a row build equity to €246k.
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vaux-sur-Sûre · 1 establishment unit since 2015
Ground area
1,858 m²
Building footprint
176 m²
Volume, LiDAR
1,162 m³
Parcel 82031C1328/00M000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Weyler, Zone artisanale 2, 6700 Arlon
since 20152.248.877.001
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82031C1328/00M000 | Wallonia | 1,858 m² | 1 · 176 m² | 9.4 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-10-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.