MAPIBALO
ActiveSummary
The computed 12-month bankruptcy probability of MAPIBALO is 1.7% (moderate). The 2024 annual accounts show equity of €65k and a net result of €-42k. Equity is shrinking by ~3.2% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-1
Solvency39▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.02 in 2023; short-term debt: 10.5% and cash: 0.1% of total assets), and 86.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.9%
Return on assets
-9%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-42k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
124 d late
2023
42 d late
2022
13 d early
2021
248 d late
2020
137 d late
2019
159 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€65k▼ 39.4%
2023 · €107k
2018: €129k
2019: €134k▲ +3.9% vs 2018
2020: €137k▲ +2.8% vs 2019
2021: €146k▲ +6.5% vs 2020
2022: €147k▲ +0.7% vs 2021highest in 7 years
2023: €107k▼ -27.3% vs 2022
2024: €65k▼ -39.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€467k▼ 4.7%
2023 · €490k
2018: €615khighest in 7 years
2019: €587k▼ -4.5% vs 2018
2020: €573k▼ -2.5% vs 2019
2021: €568k▼ -0.9% vs 2020
2022: €533k▼ -6.1% vs 2021
2023: €490k▼ -8.0% vs 2022
2024: €467k▼ -4.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€-42k▼ 4.9%
2023 · €-40k
2018: €3k
2019: €5k▲ +92.4% vs 2018
2020: €4k▼ -25.2% vs 2019
2021: €9k▲ +141% vs 2020highest in 7 years
2022: €1k▼ -88.5% vs 2021
2023: €-40k▼ -4001% vs 2022
2024: €-42k▼ -4.9% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-48k▼ 16.8%
2023 · €-41k
2018: €-15k
2019: €-24k▼ -56.1% vs 2018
2020: €-21k▲ +11.0% vs 2019
2021: €-14k▲ +33.8% vs 2020highest in 7 years
2022: €-21k▼ -53.5% vs 2021
2023: €-41k▼ -94.6% vs 2022
2024: €-48k▼ -16.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€137k-€146k▲ 6.5%€147k▲ 0.7%€107k▼ 27.3%€65k▼ 39.4%
2020: €137k
2021: €146k▲ +6.5% vs 2020
2022: €147k▲ +0.7% vs 2021highest in 5 years
2023: €107k▼ -27.3% vs 2022
2024: €65k▼ -39.4% vs 2023lowest in 5 years
Operating result€16k-€21k▲ 34.0%€12k▼ 44.3%€-34k€-34k=
2020: €16k
2021: €21k▲ +34.0% vs 2020highest in 5 years
2022: €12k▼ -44.3% vs 2021
2023: €-34k▼ -382% vs 2022lowest in 5 years
2024: €-34k● +0.0% vs 2023
Net result€4k-€9k▲ 141%€1k▼ 88.5%€-40k€-42k▼ 4.9%
2020: €4k
2021: €9k▲ +141% vs 2020highest in 5 years
2022: €1k▼ -88.5% vs 2021
2023: €-40k▼ -4001% vs 2022
2024: €-42k▼ -4.9% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2024 against €34k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €467k
Fixed assets
€466k ▼ 4.7%
Current assets
€697 ▲ 0.4%
Equity and liabilities €467k
Equity
€65k ▼ 39.4%
Debt
€402k ▲ 5.0%
Debt's share of the balance-sheet total rises from 78.1% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k=
2023 · €-10k
Cash flow
€-19k▼
2023 · €-17k
Current ratio
0.01▼
2023 · 0.02
Debt to equity
6.19▲
2023 · 3.57
ROE
-65.1%▼
2023 · -37.6%
ROA
-9.0%▼
2023 · -8.2%
Interest coverage
-1.37▲
2023 · -1.54
Debt ≤ 1 year
€49k▲
2023 · €42k
Debt > 1 year
€353k▲
2023 · €341k
Income taxes
€1k▲
2023 · €4
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 · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€490k€467k▼
Fixed assets21/28€490k€466k▼
Tangible fixed assets22/27€490k€466k▼
Land and buildings22€488k€466k▼
Furniture and vehicles24€2k€929▼
Current assets29/58€694€697▲
Cash at bank and in hand54/58€694€697▲
Equity and liabilities
Total equity and liabilities10/49€490k€467k▼
Equity10/15€107k€65k▼
Contributions10/11€138k€138k=
Profit (loss) carried forward14€-30k€-73k▼
Amounts payable17/49€383k€402k▲
Amounts payable after more than one year17€341k€353k▲
Financial debts170/4€189k€153k▼
Other amounts payable178/9€152k€200k▲
Amounts payable within one year42/48€42k€49k▲
Current portion of amounts payable after more than one year42€35k€36k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€6k€5k▼
Gross operating margin9900€-5k€-5k▼
Operating profit (loss)9901€-34k€-34k=
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-40k€-41k▼
Income taxes67/77€4€1k▲
Profit (loss) for the period9904€-40k€-42k▼
Profit (loss) for the period to be appropriated9905€-40k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-73k▼
Profit (loss) brought forward from the previous period14P€10k€-30k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €22k | €23k | €23k | €23k | = |
| Other operating charges640/8 | - | €5k | €5k | €6k | €5k | ▼ 10.1% |
| Gross operating margin9900 | €43k | €48k | €40k | €-5k | €-5k | ▼ 12.5% |
| Operating profit (loss)9901 | €16k | €21k | €12k | €-34k | €-34k | = |
| Financial income75/76B | - | €230 | - | - | - | - |
| Recurring financial income75 | - | €230 | - | - | - | - |
| Financial charges65/66B | - | €8k | €8k | €7k | €8k | ▲ 12.7% |
| Recurring financial charges65 | €9k | €8k | €8k | €7k | €8k | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €6k | €13k | €4k | €-40k | €-41k | ▼ 2.1% |
| Income taxes67/77 | €3k | €4k | €3k | €4 | €1k | ▲ 30,841% |
| Profit (loss) for the period9904 | €4k | €9k | €1k | €-40k | €-42k | ▼ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €9k | €1k | €-40k | €-42k | ▼ 4.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €573k | €568k | €533k | €490k | €467k | ▼ 4.7% |
| Fixed assets21/28 | €554k | €536k | €513k | €490k | €466k | ▼ 4.7% |
| Tangible fixed assets22/27 | €554k | €536k | €513k | €490k | €466k | ▼ 4.7% |
| Land and buildings22 | - | €532k | €510k | €488k | €466k | ▼ 4.5% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €929 | ▼ 50.2% |
| Current assets29/58 | €19k | €32k | €20k | €694 | €697 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €16k | €11k | €11k | - | - | - |
| Other amounts receivable41 | - | €11k | €11k | - | - | - |
| Cash at bank and in hand54/58 | €1k | €20k | €8k | €694 | €697 | ▲ 0.4% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €573k | €568k | €533k | €490k | €467k | ▼ 4.7% |
| Equity10/15 | €137k | €146k | €147k | €107k | €65k | ▼ 39.4% |
| Contributions10/11 | €125k | €125k | €125k | €138k | €138k | = |
| Capital10 | - | €125k | €125k | - | - | - |
| Issued capital100 | - | €125k | €125k | - | - | - |
| Reserves13 | €12k | €13k | €13k | - | - | - |
| Non-distributable reserves130/1 | - | €13k | €13k | - | - | - |
| Legal reserve130 | - | €13k | €13k | - | - | - |
| Profit (loss) carried forward14 | - | €9k | €10k | €-30k | €-73k | ▼ 139% |
| Amounts payable17/49 | €435k | €421k | €385k | €383k | €402k | ▲ 5.0% |
| Amounts payable after more than one year17 | €396k | €370k | €342k | €341k | €353k | ▲ 3.6% |
| Financial debts170/4 | - | €258k | €224k | €189k | €153k | ▼ 19.0% |
| Other amounts payable178/9 | - | €112k | €118k | €152k | €200k | ▲ 31.6% |
| Amounts payable within one year42/48 | €40k | €46k | €42k | €42k | €49k | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | - | €33k | €34k | €35k | €36k | ▲ 2.7% |
| Trade debts44 | €3k | €7k | €622 | €6k | €13k | ▲ 118% |
| Suppliers440/4 | - | €7k | €622 | €6k | €13k | ▲ 118% |
| Taxes, remuneration and social security45 | - | €6k | €7k | €1k | - | - |
| Taxes450/3 | - | €6k | €7k | €1k | - | - |
| Accrued charges and deferred income492/3 | - | €5k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €9k | €1k | €-40k | €-42k | ▼ 4.9% |
| + Depreciation and write-downs630 | €22k | €22k | €23k | €23k | €23k | = |
| Operating cash flow (approximation) | €26k | €31k | €24k | €-17k | €-19k | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €0 | - |
| Change in cash | - | €18k | €-12k | €-7k | €3 | ▲ 100% |
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
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 124 days late
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 248 days late
2021
31-12
Financial
Highest result since 2018net €9k ▲141%
Operating result €21k, net result €9k, both a record.
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 137 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 159 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
23-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 207 days late
Financial 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, Tubize
Ground area
230 m²
Building footprint
280 m²
Parcel 25019B0208/00Z003, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0208/00Z003 | Wallonia | 230 m² | 1 · 279 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.