MAPID
ActiveSummary
MAPID has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€46,470) and a net result of -€46,273. Equity is shrinking by ~37.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency6▼-19
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.57 against 98.77 in 2024; short-term debt: 6.3% and cash: 9.5% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-18.5%
Return on assets
-18.5%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€46,470
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
17 d early
2023
13 d early
2022
40 d early
2021
6 d early
2020
13 d late
2019
30 d 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 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€46,470▼ 23,463%
2024 · -€197
Total assets
€250,581▼ 62.7%
2024 · €671,022
Net result
-€46,273▼ 369%
2024 · -€9,864
Working capital
€8,894▼ 98.0%
2024 · €449,228
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€2,848€7,594▲ 167%-€4,344€11,126-€35,461
Net result-€7,326▲ 79.5%-€1,902▲ 74.0%-€5,032▼ 165%-€9,864▼ 96.0%-€46,273▼ 369%
Equity€16,600▼ 30.6%€14,698▼ 11.5%€9,667▼ 34.2%-€197-€46,470▼ 23,463%
Total assets€684,906▼ 2.3%€674,689▼ 1.5%€673,994▼ 0.1%€671,022▼ 0.4%€250,581▼ 62.7%
Debt€668,306▼ 1.3%€659,990▼ 1.2%€664,327▲ 0.7%€671,219▲ 1.0%€297,051▼ 55.7%
Working capital€424,198▲ 1.5%€435,940▲ 2.8%€444,000▲ 1.8%€449,228▲ 1.2%€8,894▼ 98.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35,461 after €11,126 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,581
Fixed assets
€225,952 ▲ 4.0%
Current assets
€24,629 ▼ 94.6%
Key figures and ratios
EBITDA
-€24,242▼
2024 · €23,130
Cash flow
-€35,054▼
2024 · €2,140
Solvency
-18.5%▼
2024 · 0.0%
Current ratio
1.57▼
2024 · 98.77
Debt to equity
-6.39
ROA
-18.5%▼
2024 · -1.5%
Interest coverage
-2.24▼
2024 · 1.10
Debt ≤ 1 year
€15,736▲
2024 · €4,595
Debt > 1 year
€281,316▼
2024 · €666,625
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,460 | €11,460 | €11,813 | €12,004 | €11,219 | ▼ 6.5% |
| Other operating charges640/8 | €2,546 | €1,683 | €1,315 | €2,133 | €2,325 | ▲ 9.0% |
| Gross operating margin9900 | €16,854 | €20,736 | €8,784 | €25,263 | -€21,916 | ▼ 187% |
| Operating profit (loss)9901 | €2,848 | €7,594 | -€4,344 | €11,126 | -€35,461 | ▼ 419% |
| Financial income75/76B | €0 | €0 | - | €1 | €0 | ▼ 98.8% |
| Recurring financial income75 | €0 | €0 | - | €1 | €0 | ▼ 98.8% |
| Financial charges65/66B | €10,175 | €9,496 | €687 | €20,991 | €10,812 | ▼ 48.5% |
| Recurring financial charges65 | €10,175 | €9,496 | €687 | €20,991 | €10,812 | ▼ 48.5% |
| Profit (loss) for the period before taxes9903 | -€7,326 | -€1,902 | -€5,032 | -€9,864 | -€46,273 | ▼ 369% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€7,326 | -€1,902 | -€5,032 | -€9,864 | -€46,273 | ▼ 369% |
| Profit (loss) for the period to be appropriated9905 | -€7,326 | -€1,902 | -€5,032 | -€9,864 | -€46,273 | ▼ 369% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €684,906 | €674,689 | €673,994 | €671,022 | €250,581 | ▼ 62.7% |
| Fixed assets21/28 | €249,756 | €238,296 | €229,203 | €217,199 | €225,952 | ▲ 4.0% |
| Tangible fixed assets22/27 | €249,553 | €238,093 | €229,000 | €216,996 | €225,749 | ▲ 4.0% |
| Land and buildings22 | €236,604 | €227,635 | €218,666 | €209,697 | €220,501 | ▲ 5.2% |
| Plant, machinery and equipment23 | - | - | €2,366 | €1,822 | €1,279 | ▼ 29.8% |
| Furniture and vehicles24 | €12,949 | €10,458 | €7,967 | €5,476 | €3,969 | ▼ 27.5% |
| Financial fixed assets28 | €203 | €203 | €203 | €203 | €203 | = |
| Current assets29/58 | €435,150 | €436,392 | €444,791 | €453,823 | €24,629 | ▼ 94.6% |
| Stocks and contracts in progress3 | €429,004 | €428,197 | €444,142 | €445,812 | €0 | ▼ 100% |
| Stocks30/36 | €429,004 | €428,197 | €444,142 | €445,812 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €3,005 | €1,369 | €0 | €4,093 | €817 | ▼ 80.0% |
| Trade receivables40 | €0 | €806 | €0 | €3,905 | €360 | ▼ 90.8% |
| Other amounts receivable41 | €3,005 | €562 | €0 | €188 | €457 | ▲ 143% |
| Cash at bank and in hand54/58 | €3,142 | €6,712 | €649 | €3,786 | €23,718 | ▲ 526% |
| Deferred charges and accrued income490/1 | €0 | €114 | €0 | €131 | €94 | ▼ 28.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €684,906 | €674,689 | €673,994 | €671,022 | €250,581 | ▼ 62.7% |
| Equity10/15 | €16,600 | €14,698 | €9,667 | -€197 | -€46,470 | ▼ 23,463% |
| Contributions10/11 | €36,200 | €36,200 | €36,200 | €36,200 | €36,200 | = |
| Reserves13 | €29,935 | €29,935 | €29,935 | €29,935 | €29,935 | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €29,935 | €29,935 | €29,935 | €29,935 | €29,935 | = |
| Profit (loss) carried forward14 | -€49,535 | -€51,437 | -€56,469 | -€66,333 | -€112,606 | ▼ 69.8% |
| Amounts payable17/49 | €668,306 | €659,990 | €664,327 | €671,219 | €297,051 | ▼ 55.7% |
| Amounts payable after more than one year17 | €657,354 | €659,538 | €663,536 | €666,625 | €281,316 | ▼ 57.8% |
| Financial debts170/4 | €478,881 | €381,600 | €381,600 | €481,600 | €100,000 | ▼ 79.2% |
| Other amounts payable178/9 | €178,473 | €277,938 | €281,936 | €185,025 | €181,316 | ▼ 2.0% |
| Amounts payable within one year42/48 | €10,952 | €452 | €792 | €4,595 | €15,736 | ▲ 242% |
| Current portion of amounts payable after more than one year42 | €10,782 | €0 | - | - | - | - |
| Trade debts44 | €170 | €173 | €704 | €360 | €15,736 | ▲ 4,275% |
| Suppliers440/4 | €170 | €173 | €704 | €360 | €15,736 | ▲ 4,275% |
| Advances received on contracts in progress46 | - | - | - | €4,235 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0 | €279 | €87 | €0 | - | - |
| Taxes450/3 | €0 | €279 | €87 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,326 | -€1,902 | -€5,032 | -€9,864 | -€46,273 | ▼ 369% |
| + Depreciation and write-downs630 | €11,460 | €11,460 | €11,813 | €12,004 | €11,219 | ▼ 6.5% |
| Operating cash flow (approximation) | €4,133 | €9,558 | €6,781 | €2,140 | -€35,054 | ▼ 1,738% |
| Investment in fixed assets (approximation) | - | €0 | -€2,719 | €0 | -€19,972 | - |
| Change in cash | - | €3,570 | -€6,063 | €3,137 | €19,931 | ▲ 535% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet -€46,273
Net result drops to -€46,273, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 24current ratio 964.57
Current ratio from 39.73 to 964.57; short-term debt falls from €10,952 to €452.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 39.73
Current ratio from 19.71 to 39.73; short-term debt falls from €22,332 to €10,952.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity times 8current ratio 19.71
Current ratio from 2.45 to 19.71; short-term debt falls from €23,390 to €22,332.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €36,589
Net result €36,589 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 2.45
Current ratio from 0.94 to 2.45; short-term debt falls from €36,943 to €23,390.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Pelt · 1 establishment unit since 2009
Ground area
532 m²
Building footprint
244 m²
Volume, LiDAR
975 m³
Parcel 72025B0936/00G003, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAPID
since 20092.175.477.002
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0936/00G003 | Flanders | 532 m² | 1 · 244 m² | 9.6 m · 1 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 3,646 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
Contact
Phone
011/641072Pelt
Scores and ratios are computed by Checked and are not a credit decision.