Equity
MAPIALEJ paid out €258,584 in dividends. That is 100% of the 2025 profit.
MAPIALEJ paid out €258,584 in dividends. That is 100% of the 2025 profit.
The result rose in 2025 from €182,233 to €258,584.
Of this, €386,898 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 465.3% higher than in 2024.
Latest accounts filed late: after the legal deadline.
Lower solvency than 95% of companies in human health. Sector median 63.0% · 20,767 companies.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: < 0.1% across 24,192 companies (NACE 86, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 86, micro). It does better than 4% of them on solvency, 6% on liquidity, 80% on profitability and 37% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 2,153 companies had the same profile as MAPIALEJ has now. Each dot stands for 6 companies, two years later.
That fits the bankruptcy probability of MAPIALEJ itself: 0.4% within 12 months.
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 2,153 companies, not a prediction for MAPIALEJ. 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.
Liquidity is insufficient, with a current ratio of 0.89 (0.5 in 2024), below 1. Short-term debt is 89.5% and cash 24.7% of total assets. 99.7% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average on the deadline day. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAPIALEJ Overijse | €432,239 | €326,552 | 0.3% | - |
| Anesthésie-Réanimation / Soins Intensifs Docteur Damien Henrard Wasseiges | €444,719 | €326,074 | 26.8% | - |
| Dr. Eno Lavrysen Neurochirurgie Mortsel | €413,674 | €344,491 | 53.5% | - |
| Nsthesiology Stoumont | €457,832 | €319,380 | 67.9% | - |
| DR. JEROEN HUYS, ANESTHESIE-REANIMATIE Destelbergen | €446,424 | €302,852 | 9.2% | - |
| DR. K. LEFEBVRE Sint-Niklaas | €388,307 | €327,263 | 0.5% | - |
| Dr. Christophe Breusegem Lievegem | €463,170 | €308,878 | 5.9% | - |
These companies have the same main activity as MAPIALEJ: specialist medical practice (NACE 86220). They are comparable in size and age: total assets between €388,000 and €463,000, founded between 2018 and 2020.
MAPIALEJ files the micro format. That format states no turnover. The gross margin rose from €82,519 in 2020 to €326,552 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €500,000. Estimated: probably between €440,000 and €680,000.
Lower than 95% of 20,767 companies in 2025.
Higher than 14% of 20,341 companies in 2025.
Higher than 88% of 20,623 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
432,239 | 283,579 | 151,992 | 158,159 | 100,031 | 136,200 | |
21/28 |
88,952 | 153,154 | 71,801 | 77,793 | 8,913 | 988 | |
22/27 |
88,857 | 153,059 | 71,706 | 77,697 | 8,817 | 892 | |
23 |
2,966 | 525 | 748 | 972 | - | - | |
24 |
15,207 | 20,738 | 4,464 | 5,366 | 4,971 | 892 | |
26 |
70,684 | 131,796 | 66,493 | 71,359 | 3,846 | - | |
28 |
95 | 95 | 95 | 95 | 95 | 95 | |
29/58 |
343,287 | 130,425 | 80,191 | 80,366 | 91,119 | 135,212 | |
40/41 |
174,732 | 41,701 | 51,081 | 17,204 | 27,512 | - | |
40 |
94,692 | 7,811 | 4,811 | 10,100 | 24,520 | - | |
41 |
80,040 | 33,890 | 46,269 | 7,104 | 2,992 | - | |
54/58 |
106,933 | 64,026 | 29,110 | 63,162 | 63,606 | 135,212 | |
490/1 |
61,621 | 24,698 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
432,239 | 283,579 | 151,992 | 158,159 | 100,031 | 136,200 | |
10/15 |
1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
10/11 |
1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
17/49 |
430,739 | 282,079 | 150,492 | 156,659 | 98,531 | 134,700 | |
17 |
43,435 | 20,210 | - | - | - | - | |
170/4 |
43,435 | 20,210 | - | - | - | - | |
42/48 |
386,898 | 261,869 | 150,492 | 156,659 | 98,531 | 134,700 | |
42 |
31,111 | 17,500 | 14,583 | - | - | - | |
44 |
76,117 | 22,463 | 3,457 | 9,231 | 9,084 | 32,567 | |
440/4 |
76,117 | 22,463 | 3,457 | 9,231 | 9,084 | 32,567 | |
45 |
21,086 | 39,674 | 38,085 | 38,007 | 7,790 | 20,169 | |
450/3 |
21,086 | 39,674 | 38,085 | 38,007 | 7,790 | 20,169 | |
47/48 |
258,584 | 182,233 | 94,367 | 109,420 | 81,657 | 81,964 | |
492/3 |
406 | - | - | - | - | - | |
| Income statement | |||||||
9900 |
326,552 | 264,622 | 152,288 | 150,847 | 80,491 | 82,519 | |
630 |
11,440 | 11,551 | 8,787 | 6,880 | 2,236 | 1,342 | |
640/8 |
1,124 | 2,855 | 20,025 | 409 | 2,601 | 56 | |
66A |
133 | - | - | - | - | - | |
9901 |
313,855 | 250,215 | 123,477 | 143,559 | 75,654 | 81,122 | |
75/76B |
- | 1 | - | - | - | - | |
75 |
- | 1 | - | - | - | - | |
65/66B |
6,157 | 5,150 | 1,260 | 1,346 | 558 | 370 | |
65 |
6,157 | 5,150 | 1,260 | 1,346 | 558 | 370 | |
9903 |
307,698 | 245,066 | 122,217 | 142,212 | 75,096 | 80,751 | |
67/77 |
49,115 | 62,833 | 27,850 | 32,792 | 12,621 | 18,500 | |
9904 |
258,584 | 182,233 | 94,367 | 109,420 | 62,474 | 62,251 | |
9905 |
258,584 | 182,233 | 94,367 | 109,420 | 62,474 | 62,251 | |
| Appropriation of the result | |||||||
9906 |
258,584 | 182,233 | 94,367 | 109,420 | 62,474 | 62,251 | |
694/7 |
258,584 | 182,233 | 94,367 | 109,420 | 62,474 | 62,251 | |
694 |
258,584 | 182,233 | 94,367 | 109,420 | 62,474 | 62,251 | |
| Document | |||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 10-10-2026 | 2026-00562218 | |
| 30-09-2024 | micro format | 25-03-2025 | 2025-00053502 | |
| 30-09-2023 | micro format | 18-04-2024 | 2024-00064486 | |
| 30-09-2022 | micro format | 20-03-2023 | 2023-00044415 | |
| 30-09-2021 | micro format | 21-03-2022 | 2022-08100520 | |
| 30-09-2020 | micro format | 29-03-2021 | 2021-08700470 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 325,295 | 261,766 | 132,264 | 150,438 | 77,890 | 82,464 | ||
| 270,024 | 193,784 | 103,154 | 116,300 | 64,710 | 63,593 | ||
| 24,821 | 94,949 | 2,795 | 75,760 | 10,161 | 2,330 | ||
| 42,907 | 34,916 | -34,052 | -444 | -71,606 | - | ||
| -43,612 | -131,444 | -70,301 | -76,293 | -7,413 | 512 | ||
| 0.3% | 0.5% | 1.0% | 0.9% | 1.5% | 1.1% | ||
| 0.89 | 0.50 | 0.53 | 0.51 | 0.92 | 1.00 | ||
| - | - | - | - | 65.69 | 89.80 | ||
| 59.8% | 64.3% | 62.1% | 69.2% | 62.5% | 45.7% | ||
| 52.84 | 50.83 | over 100 | over 100 | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €432,239, equity €1,500).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €24,821 | €94,949 | €2,795 | €75,760 |
| €11,440 | €11,551 | €8,787 | €6,880 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 25% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 99.5% to 99.7%. Debt is higher.
MAPIALEJ has no parent and no holdings in its annual accounts. FERNANDEZ VILLARREAL Wendy is the only director. MAPIALEJ shares no director with another company.
| NOLUS
registered office since 07-05-2026 |
founded in 2026 1037.758.557 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MAPIALEJ was incorporated on 28 June 2019 as a private limited company by one natural person, with a starting capital of €1,500.12 The registered office was moved to Overijse in 2021.3 Since 2019, FERNANDEZ VILLARREAL Wendy has served as director.4 Total assets rose from €136,200 in 2020 to €432,239 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Drogenberg 20A registered office 3090 Overijse | ||
| Le Petit Champ, Nodebais 2 1320 Beauvechain | 28-06-2019 | 2.293.142.851 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23544D0159/00T000 | Flanders | 1,622 m² | 1 · 177 m² | 10.2 m · 2 |
| 25073A0147/00Y000 | Wallonia | 654 m² | 1 · 50 m² | 9.6 m · 3 |
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