MAPIMMO
ActiveSummary
MAPIMMO has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €661,687 and a net result of €34,858. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 39,068 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- €661,687
- Profit
- €34,858
- Holdings
- 2
- QUINTA DA MURTEIRADirector · permanent representative Olivier PRAET
Why 64raises riskLiquidity: current ratio 1.13, cash €1,732, halvedLatest accounts 44 days late; 2 of the last 3 latelowers riskSize: total assets €6.6mFounded in 2005Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 13% on solvency, 8% on liquidity, 20% on profitability and 54% on growth.
The bankruptcy probability was computed on 21-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 74 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: POONS Marc Aimé Maurice (statutory…Reappointment: QUINTA DA MURTEIRA (director)…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (44 days) Filed on 13 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512554.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 84% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.004m | €0.005m | €0.004m | €0.004m | €0.001m | €0.001m | €0.001m | €53 | ▼ 92.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.008m | €0.3m | - | - | - |
| Other operating charges640/8 | - | - | - | €31 | €0.002m | €0.005m | €416 | €489 | ▲ 17.6% |
| Gross operating margin9900 | €0.05m | -€0.02m | €0.02m | -€0.04m | -€0.002m | -€0.04m | €0.5m | €0.08m | ▼ 84.2% |
| Operating profit (loss)9901 | -€0.04m | -€0.02m | -€0.04m | -€0.05m | -€0.01m | -€0.4m | €0.5m | €0.07m | ▼ 84.3% |
| Financial income75/76B | - | - | - | €2.2m | €0.02m | €0.02m | €0.3m | €0.002m | ▼ 99.4% |
| Recurring financial income75 | €0.02m | €0.02m | €0.9m | €2.2m | €0.02m | €0.02m | €0.3m | €0.002m | ▼ 99.4% |
| Financial charges65/66B | - | - | - | €0.003m | €0.02m | €0.04m | €0.1m | €0.04m | ▼ 62.5% |
| Recurring financial charges65 | €0.001m | €0.001m | €328 | €0.003m | €0.02m | €0.04m | €0.1m | €0.04m | ▼ 62.5% |
| Profit (loss) for the period before taxes9903 | -€0.03m | -€0.3m | -€0.3m | €2.2m | -€0.01m | -€0.4m | €0.7m | €0.03m | ▼ 94.7% |
| Income taxes67/77 | - | €274 | - | - | €0.005m | €0.01m | - | - | - |
| Profit (loss) for the period9904 | -€0.03m | -€0.3m | -€0.3m | €2.2m | -€0.02m | -€0.4m | €0.7m | €0.03m | ▼ 94.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | -€0.3m | -€0.3m | €2.2m | -€0.02m | -€0.4m | €0.7m | €0.03m | ▼ 94.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.9m | €7.3m | €5.7m | €7.6m | €6.9m | €6.7m | €7.0m | €6.6m | ▼ 5.5% |
| Fixed assets21/28 | €1.0m | €4.4m | €0.9m | €0.9m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Tangible fixed assets22/27 | €0.01m | €0.008m | €0.004m | - | €0.002m | €0.001m | €53 | - | - |
| Furniture and vehicles24 | - | - | - | - | €0.002m | €0.001m | €53 | - | - |
| Financial fixed assets28 | €0.9m | €4.4m | €0.9m | €0.9m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Current assets29/58 | €3.0m | €2.9m | €4.8m | €6.6m | €4.9m | €4.7m | €5.0m | €4.6m | ▼ 7.7% |
| Amounts receivable within one year40/41 | €2.4m | €2.3m | €4.8m | €5.6m | €3.9m | €3.7m | €3.8m | €3.4m | ▼ 9.0% |
| Trade receivables40 | - | - | - | €0.06m | €0.06m | €0.08m | €0.6m | €0.7m | ▲ 18.0% |
| Other amounts receivable41 | - | - | - | €5.6m | €3.8m | €3.6m | €3.2m | €2.7m | ▼ 14.2% |
| Current investments50/53 | - | - | - | €0.2m | €1.0m | €1.0m | €1.1m | €1.1m | = |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.004m | €0.8m | €0.05m | €0.04m | €0.05m | €0.002m | ▼ 96.2% |
| Deferred charges and accrued income490/1 | - | - | - | €120 | - | €0.004m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.9m | €7.3m | €5.7m | €7.6m | €6.9m | €6.7m | €7.0m | €6.6m | ▼ 5.5% |
| Equity10/15 | €0.9m | €0.01m | -€0.3m | €0.9m | €0.4m | -€0.03m | €0.6m | €0.7m | ▲ 5.6% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.9m | €0.007m | -€0.3m | €0.9m | €0.4m | -€0.04m | €0.6m | €0.7m | ▲ 5.6% |
| Amounts payable17/49 | €3.0m | €7.3m | €6.0m | €6.7m | €6.5m | €6.7m | €6.4m | €5.9m | ▼ 6.6% |
| Amounts payable after more than one year17 | €2.8m | €2.6m | €2.4m | €2.1m | €2.6m | €2.4m | €2.4m | €1.9m | ▼ 20.6% |
| Financial debts170/4 | - | - | - | €2.1m | €2.6m | €2.4m | €2.4m | €1.9m | ▼ 20.6% |
| Amounts payable within one year42/48 | €0.2m | €4.7m | €3.6m | €4.6m | €4.0m | €4.3m | €4.0m | €4.1m | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial debts43 | - | - | - | - | - | €0.004m | - | €0.002m | - |
| Credit institutions430/8 | - | - | - | - | - | €0.004m | - | €0.002m | - |
| Trade debts44 | €0.001m | €0.003m | €378 | €0.004m | €0.002m | €0.02m | €0.04m | €0.05m | ▲ 0.5% |
| Suppliers440/4 | - | - | - | €0.004m | €0.002m | €0.02m | €0.04m | €0.05m | ▲ 0.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.007m | - | - | - | - |
| Taxes450/3 | - | - | - | - | €0.007m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4.4m | €3.8m | €4.1m | €3.8m | €3.8m | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | -€0.3m | -€0.3m | €2.2m | -€0.02m | -€0.4m | €0.7m | €0.03m | ▼ 94.7% |
| + Depreciation and write-downs630 | €0.004m | €0.005m | €0.004m | €0.004m | €0.001m | €0.001m | €0.001m | €53 | ▼ 92.8% |
| Operating cash flow (approximation) | -€0.02m | -€0.3m | -€0.3m | €2.2m | -€0.02m | -€0.4m | €0.7m | €0.03m | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | -€3.5m | €3.5m | €0 | -€1.1m | €0 | €0 | €0 | - |
| Change in cash | - | -€0.002m | -€0.6m | €0.8m | -€0.8m | -€0.008m | €0.008m | -€0.04m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-09-2026 | 2026-00512554 |
| 31-12-2024 | micro format | 11-11-2025 | 2025-00565479 |
| 31-12-2023 | full format | 15-08-2024 | 2024-00347830 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00420930 |
| 31-12-2021 | full format | 13-11-2022 | 2022-20519595 |
| 31-12-2020 | full format | 28-12-2021 | 2021-82000045 |
| 31-12-2019 | micro format | 07-10-2020 | 2020-60200207 |
| 31-12-2018 | micro format | 14-10-2019 | 2019-70500319 |
| 31-12-2017 | full format | 24-08-2018 | 2018-53500031 |
| 31-12-2016 | full format | 31-07-2017 | 2017-39900256 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| QUINTA DA MURTEIRA |
|
| POONS Marc Aimé Maurice |
|
Owners and capital
Capital and shareholders
- 25-11-2025 Converted to unavailable equity
Group and network
Holdings and subsidiaries
2 holdings · 4 subsidiaries in the treeHoldings 2
Source for every holding own accounts 2025
- La BalancesubsidiaryEquity €753,878Result €2.0m100%
- RESTIMMOsubsidiaryEquity €459,343Result -€19,00370%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
La Balance 100%1 subsidiary
- CORANIE 52%
RESTIMMO 70%1 subsidiary
According to the 2025 annual accounts of MAPIMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-11
Gazette deed
Resignation: POONS Marc Aimé Maurice (statutory manager)Reappointment: QUINTA DA MURTEIRA (director) · Permanent representative: Olivier PRAET · Amendment of the articles8 facts ▸
- General meeting, 13-11-2025
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, supprimer” (deed in French)
- Director resignation, POONS Marc Aimé Maurice (statutory manager)
- Director reappointment, QUINTA DA MURTEIRA (director (not named in the articles))
- Permanent representative, Olivier PRAET
- Power of attorney (2 times)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0281/00Z000 | Brussels | 268 m² | 1 · 111 m² | 16.5 m · 5 |
| 21612C0291/00W011 | Brussels | 220 m² | 1 · 220 m² | 16.8 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La contribution à l'établissement et au développement d'entreprises et en particulier de dispenser des avis…” (deed in French)
5 activities (deed in French)
- La contribution à l'établissement et au développement d'entreprises et en particulier de dispenser des avis financiers,techniques,commerciaux ou administratifs dans le sens le plus large du terme,à l'exception des conseils de placement d'argent et autres,fournir des conseils,son assistance,agir en tant qu'intermédiaire,faire du commissionnement et exécuter des services directement ou indirectement sur le plan de l'administration et des finances,de la vente,de la production,des techniques d'organisation et de distributions commerciales,et plus généralement de la gestion en général et de l'exercice de toutes activités de services et de management au sens le plus large de ces termes à toutes personnes physiques ou morales quelconques,exécuter tous mandats sous forme d'études d'organisation,d'expertises,d'actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- Accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières,soit pour son compte,soit pour le compte de tiers,se rapportant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement la réalisation
- Exercer toutes fonctions et mandats et s'intéresser par voie d'apport,de fusion,de souscription ou de toute autres manière dans toutes autres affaires,entreprises,associations ou sociétés ayant un objet identique,analogue ou connexe au sien ou qui sont de nature à favoriser le développement de son entreprise,à lui procurer des ressources ou à faciliter l'écoulement des services et produits
- Hypothéquer ses immeubles et mettre en gage tous ses autres biens y compris son fonds de commerce
- Se porter caution ou accorder son aval pour tous prêts ou engagements quelconques tant pour elle-même que pour tous tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAPIММО
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Annexes du Moniteur belge” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “ARTICLE 11, à tout moment avec ou sans préavis et sans motif sauf décision contraire lors nomination pour non-nommés dans statuts” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Écrit, ARTICLE 10” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- One provision in the deed
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en exercice défaut un ou plusieurs liquidateurs nommés assemblée qui fixe nombre pouvoirs émoluments, après réalisation…” (deed in French)