Result
€73,322 ▼ 53.9%
The result fell in 2025 from €159,133 to €73,322.
MAPIGEST
Overview
Lifetime
2 annual accounts with figures on one time axispeak €506,268 (2024)
€302,908▼ 40.2%
peak €159,133 (2024)
€73,322▼ 53.9%
peak €242,455 (2025)
€242,455▲ 43.4%
€346,760▼ 0.8%
peak 2.2 FTE (2024)
-not published
Board2 names since 2023
2 directorsBELLI Pierre-Yves and 1 other
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Gross margin from €506,268 to €302,908Result from €159,133 to €73,322Equity from €169,133 to €242,455Cash from €78,437 to €33,790
Key points
from the 2025 annual accountsTurnover
≈ €430,000 estimated
The accounts state no turnover.
Staff
1 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
2025 accounts filed 7 days after the deadline
Checked score
93
Excellent
Financially stronger than 52% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025highest value
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.3 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €589,215
Figures for financial year 2025 (filed on 09-08-2026)
Calculation
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 70, micro). It does better than 39% of them on solvency, 40% on liquidity, 52% on profitability and 78% 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MAPIGEST has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAPIGEST itself is lower: 0.1% within 12 months. It rests on far more data about MAPIGEST than the profile alone.
Test of the method
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 39,278 companies, not a prediction for MAPIGEST. 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.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.07 (6.3 in 2024), above the usual 1.5. Short-term debt is 18.2% and cash 5.7% of total assets. However, 58.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
7 days late
2024
71 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 32 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BELLI Pierre-Yves founderdeed of 08-08-2023
- LORIAUX Marie-Estelle Ghislaine founderdeed of 08-08-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804587086
Incorporation
Founders: BELLI Pierre-Yves and LORIAUX Marie-Estelle Ghislaine · 100 shares · Appointments: BELLI Pierre-Yves (director) and Marie-Estelle Loriaux (director) · published on 08-08-2023 · Gazette deed
First establishment
Rue de la Chapelle 81, Fleurus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAPIGEST Fleurus | €589,215 | €302,908 | 41.1% | - |
| FVG Consulting Woluwe-Saint-Lambert | €584,698 | €313,441 | 83.5% | - |
| JFG MANAGEMENT Tervuren | €596,312 | €286,623 | 77.9% | - |
| SVIDCONS Lier | €624,911 | €302,598 | 78.8% | - |
| Sam.an.da Consulting Ghent | €630,669 | €298,813 | 75.4% | - |
| FINALITICS Woluwe-Saint-Pierre | €557,839 | €321,474 | 83.0% | - |
| Co-ëfficiënt Antwerp | €536,676 | €293,796 | 21.0% | - |
These companies have the same main activity as MAPIGEST: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €537,000 and €631,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 04-08-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 8 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.347.924.8876224 Fleurus, since 04-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2025
Annual accounts 2025
- €302,908▼ 40.2%
- €73,322▼ 53.9%
- €242,455▲ 43.4%
- €589,215▲ 13.6%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 07-08-2026
Insights on MAPIGEST
MAPIGEST has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,455 and a net result of €73,322.
Its solvency ranks better than 38% of 39,368 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 07-08-2026, 7 days late€302,908
▼ 40.2%
€109,828
▼ 52.2%
€73,322
▼ 53.9%
€436,131
▲ 10.6%
41.1%
▲ 8.5 percentage points
5.07
▼ 1.23
The turnover shown is an estimate from the gross margin.
Turnover ≈ €430,000. Estimated: probably between €360,000 and €760,000.
Balance sheet
balance sheet total €589,215 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
41.1%
Higher than 38% of 39,368 companies in 2025.
5.07
Higher than 78% of 38,051 companies in 2025.
12.4%
Higher than 46% of 38,523 companies in 2025.
MAPIGEST
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€119,841
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
589,215 | 518,790 | |
21/28 |
45,986 | 50,039 | |
22/27 |
41,623 | 45,676 | |
23 |
6,418 | 9,661 | |
24 |
26,682 | 24,764 | |
26 |
8,523 | 11,250 | |
28 |
4,363 | 4,363 | |
29/58 |
543,229 | 468,751 | |
29 |
343,993 | 291,508 | |
291 |
343,993 | 291,508 | |
40/41 |
159,227 | 91,426 | |
40 |
159,044 | 78,803 | |
41 |
183 | 12,624 | |
54/58 |
33,790 | 78,437 | |
490/1 |
6,219 | 7,380 | |
| Balance sheet: equity and liabilities | |||
10/49 |
589,215 | 518,790 | |
10/15 |
242,455 | 169,133 | |
10/11 |
10,000 | 10,000 | |
13 |
232,455 | 159,133 | |
132 |
105,250 | 79,565 | |
133 |
127,205 | 79,568 | |
17/49 |
346,760 | 349,657 | |
17 |
239,166 | 256,378 | |
170/4 |
19,166 | 16,378 | |
178/9 |
220,000 | 240,000 | |
42/48 |
107,098 | 74,355 | |
42 |
10,401 | 6,475 | |
43 |
17,500 | 25,000 | |
430/8 |
17,500 | 25,000 | |
44 |
43,162 | 24,164 | |
440/4 |
43,162 | 24,164 | |
45 |
27,438 | 18,502 | |
450/3 |
27,438 | 18,502 | |
47/48 |
8,597 | 214 | |
492/3 |
496 | 18,924 | |
| Income statement | |||
76A |
0 | 100 | |
9900 |
302,908 | 506,268 | |
62 |
167,778 | 250,864 | |
630 |
16,183 | 16,637 | |
640/8 |
2,015 | 9,154 | |
66A |
7,105 | - | |
9901 |
109,828 | 229,614 | |
75/76B |
0 | 372 | |
75 |
0 | 372 | |
65/66B |
12,138 | 17,730 | |
65 |
12,138 | 17,730 | |
9903 |
97,689 | 212,255 | |
67/77 |
24,367 | 53,122 | |
9904 |
73,322 | 159,133 | |
689 |
25,685 | 79,565 | |
9905 |
47,637 | 79,568 | |
| Appropriation of the result | |||
9906 |
47,637 | 79,568 | |
691/2 |
47,637 | 79,568 | |
6921 |
47,637 | 79,568 | |
| Social balance sheet | |||
9087 |
1.4 | 2.2 | |
Hours worked1013 |
2,647 | 3,673 | |
| Document | |||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 7 days after the deadline. Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388865.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 126,010 | 246,250 | ||
| 89,505 | 175,770 | ||
| 14,856 | 65,175 | ||
| -44,647 | - | ||
| 436,131 | 394,396 | ||
| 41.1% | 32.6% | ||
| 5.07 | 6.30 | ||
| 1.43 | 2.07 | ||
| 30.2% | 94.1% | ||
| 12.4% | 30.7% | ||
| 10.38 | 13.89 |
EBIT margin: not included in this filing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 2 |
| full-time | 1 | 2 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 2 |
| 1.4 | 2.2 | |
| On a permanent contract | 1 | 2 |
| Joined | 0 | 0 |
| Left | 1 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €14,856 | €60,812 |
| Financial fixed assets | €0 | €4,363 |
| €16,183 | €16,637 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MAPIGEST
The operating result for 2025 is 52% lower than in 2024.
Debt's share of the balance-sheet total falls from 67.4% to 58.9%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 08-08-2023
term without a fixed end
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 07-08-2026
Director (not named in the articles)
appointed by deed of 08-08-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 07-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 08-08-2023
Mandates through the years
2 names, the dashed line is todayBELLI Pierre-Yves
Director (not named in the articles)
Director (not named in the articles)
Marie-Estelle Loriaux
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BELLI Pierre-Yves
- Director (not named in the articles), appointed by deed of 08-08-2023, still in office
- Marie-Estelle Loriaux
- Director (not named in the articles), appointed by deed of 08-08-2023, still in office
Control
Founders
BELLI Pierre-Yves, LORIAUX Marie-Estelle Ghislaine
This company
MAPIGEST
Equity €242,455
Profit €73,322 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €2,425 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 08-08-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founders
At incorporation
deed of 08-08-2023 ↗
- BELLI Pierre-Yves founder
- LORIAUX Marie-Estelle Ghislaine founder
Network & group
No group
MAPIGEST has no parent and no holdings in its annual accounts.
Earlier ties
| P2MA via BELLI Pierre-Yves, no longer at P2MA · Day-to-day manager · deed of 04-05-2021 founded in 2021 |
total assets €1.6m (2025) |
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
I.T.M. BELGIUM
via BELLI Pierre-Yves · Permanent representative · deed of 05-06-2023
Founded in 1991 · 47 FTE (2025)
→
IMMOSART
via BELLI Pierre-Yves · Alternate director · deed of 05-06-2023
Founded in 2023 · total assets €2.5m (2025)
→
MANO-HOLDING
via BELLI Pierre-Yves · Director · deed of 24-06-2024
Founded in 2024 · total assets €2.1m (2025)
→
BEVIMAPY
via BELLI Pierre-Yves · Permanent representative · deed of 26-05-2023
Founded in 2023 · total assets €879,684 (2025)
→
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 7 days late
2025
Equity above €200,000 equity €242,455 ▲43.4% With a profit in every financial year since 2024, equity grows to €242,455.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804587086
Annual accounts 2024 filed PDFfull format · 71 days before the deadline
2023
IncorporationFounders: BELLI Pierre-Yves and LORIAUX Marie-Estelle Ghislaine · 100 shares · Appointments: BELLI Pierre-Yves (director) and Marie-Estelle Loriaux (director) · published on 08-08-20236 points ▸
- Founder, BELLI Pierre-Yves (comparant)
- Founder, LORIAUX Marie-Estelle Ghislaine (comparante)
- 100 shares
- Registered office clause, rue de la Chapelle 81, 6224 Wanfercée-Baulet
- Director appointment, BELLI Pierre-Yves (director (not named in the articles))
- Director appointment, Marie-Estelle Loriaux (director (not named in the articles))
- The deed holds 3 more points.
First establishment Rue de la Chapelle 81, Fleurus
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0804.587.086
- VAT number
- BE 0804.587.086
- Peppol ID
- 0208:0804587086
- Other Peppol ID
- 9925:BE0804587086
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-08-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of June at 19:00deed of 08-08-2023 (in French)
- Peppol
- Reachable since 11-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MAPIGEST in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-08-2023 (in French)
Activities
NACEBEL 2025VAT activities
70200
Business and other management consultancy main activity
85592
Vocational training
Social security (RSZ) activities
73300
Public relations and communication consultancy main activity
Joint committees annual accounts 2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
70220
Business consulting main activity
68100
Real estate activities
68201
Real estate activities
68203
Real estate rental
70100
Activities of head offices
70210
Activities of head offices; management consultancy activities
82110
Office administrative, office support and other business support activities
82990
Other business support services
85592
Vocational training
Social security (RSZ) activities
70210
Activities of head offices; management consultancy activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’octroi de conseils, d’assistance et de direction aux sociétés, dans le domaine du management du marketing, des ressources humaines et ceci…”deed of 08-08-2023 (in French)
7 activities
- L’octroi de conseils, d’assistance et de direction aux sociétés, dans le domaine du management du marketing, des ressources humaines et ceci dans le sens le plus large;
- La gestion de sociétés, quel que soit leur objet, le rôle de liquidateur, l’exécution de mandats d’ administrateur ;
- La supervision, l’accompagnement, la formation et le coaching de responsables de départements dans les entreprises actives dans la grande distribution
- Pour compte propre, la construction, le développement et la gestion d’un patrimoine immobilier ;
- Toutes les opérations relatives aux biens immobiliers et aux droits immobiliers tels que l’achat et la vente, la construction, la rénovation, l’aménagement et la décoration d’intérieur, la location ou la prise en location, l’échange, le lotissement et, en général, toutes les opérations qui sont liées directement ou indirectement à la gestion ou à l’exploitation des biens immobiliers ;
- La construction, le développement et la gestion d’un patrimoine mobilier ainsi que les œuvres d’art ;
- Toutes les opérations relatives à des biens et des droits mobiliers, de quelque nature que ce soit, tel que la vente et l’achat, la location et la prise en location, l’échange, en particulier la gestion et la valorisation de tous bien négociables, actions, obligations, fonds d’état ;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Chapelle 81 registered office 6224 Fleurus | 04-08-2023 | 2.347.924.887 |
Buildings and parcels at the address
- Ground area
- 1,548 m²
- Buildings
- 177 m²
- Volume, LiDAR
- 1,086 m³
- Tallest building
- 8.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52071B0292/00H000 | 1,548 m² | 1 · 176 m² | 8.3 m · 2 |