Summary
Mapinc is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €275,476 and a net result of €12,950. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 8074 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
6 d early
2020
5 d early
2019
1 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 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€275,476▲ 4.9%
2024 · €262,526
Net result
€12,950▼ 76.8%
2024 · €55,783
Total assets
€318,618▼ 17.7%
2024 · €387,196
Solvency
86.5%▲ 18.7pp
2024 · 67.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,301▲ 33.1%€74,361▼ 2.5%€59,098▼ 20.5%€79,093▲ 33.8%€21,802▼ 72.4%
Net result€61,634▲ 50.5%€58,007within the sector's middle half▼ 5.9%€41,448within the sector's middle half▼ 28.5%€55,783within the sector's middle half▲ 34.6%€12,950within the sector's middle half▼ 76.8%
Equity€200,104▲ 44.5%€165,295within the sector's middle half▼ 17.4%€206,743within the sector's middle half▲ 25.1%€262,526within the sector's middle half▲ 27.0%€275,476within the sector's middle half▲ 4.9%
Total assets€372,555▲ 140%€258,810within the sector's middle half▼ 30.5%€332,012within the sector's middle half▲ 28.3%€387,196within the sector's middle half▲ 16.6%€318,618within the sector's middle half▼ 17.7%
Debt€172,451▲ 580%€93,515▼ 45.8%€125,269▲ 34.0%€124,670▼ 0.5%€43,143▼ 65.4%
Working capital€199,854▲ 56.5%€165,817▼ 17.0%€176,524▲ 6.5%€249,878▲ 41.6%€259,304▲ 3.8%
Solvency53.7%▼ 35.7pp63.9%within the sector's middle half▲ 10.2pp62.3%within the sector's middle half▼ 1.6pp67.8%within the sector's middle half▲ 5.5pp86.5%above the sector's middle half▲ 18.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,618
Fixed assets
€20,745 ▼ 13.1%
Current assets
€297,873 ▼ 18.0%
Equity and liabilities €318,618
Equity
€275,476 ▲ 4.9%
Debt
€43,143 ▼ 65.4%
Debt's share of the balance-sheet total falls from 32.2% to 13.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.7%▼
2024 · 21.2%
ROA
4.1%▼
2024 · 14.4%
Debt ≤ 1 year
€38,569▼
2024 · €113,433
Income taxes
€4,039▼
2024 · €15,480
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 | - | - | €500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,265 | €330 | €1,370 | €12,720 | €13,584 | ▲ 6.8% |
| Other operating charges640/8 | - | €665 | €718 | €1,413 | €650 | ▼ 54.0% |
| Gross operating margin9900 | €78,828 | €75,356 | €61,185 | €93,225 | €36,036 | ▼ 61.3% |
| Operating profit (loss)9901 | €76,301 | €74,361 | €59,098 | €79,093 | €21,802 | ▼ 72.4% |
| Financial income75/76B | - | €751 | - | - | - | - |
| Recurring financial income75 | €2,795 | €751 | - | - | - | - |
| Financial charges65/66B | - | €2,227 | €5,842 | €7,829 | €4,813 | ▼ 38.5% |
| Recurring financial charges65 | €755 | €2,227 | €5,842 | €7,829 | €4,813 | ▼ 38.5% |
| Profit (loss) for the period before taxes9903 | €78,887 | €72,885 | €53,255 | €71,263 | €16,989 | ▼ 76.2% |
| Income taxes67/77 | €17,253 | €14,878 | €11,807 | €15,480 | €4,039 | ▼ 73.9% |
| Profit (loss) for the period9904 | €61,634 | €58,007 | €41,448 | €55,783 | €12,950 | ▼ 76.8% |
| Profit (loss) for the period to be appropriated9905 | €61,634 | €58,007 | €41,448 | €55,783 | €12,950 | ▼ 76.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €372,555 | €258,810 | €332,012 | €387,196 | €318,618 | ▼ 17.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1,890 | €964 | €36,605 | €23,885 | €20,745 | ▼ 13.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,640 | €714 | €36,355 | €23,635 | €20,495 | ▼ 13.3% |
| Furniture and vehicles24 | - | €714 | €36,355 | €23,635 | €20,495 | ▼ 13.3% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €372,305 | €257,846 | €295,407 | €363,311 | €297,873 | ▼ 18.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €160,339 | €5,446 | €8,589 | €92,967 | €54,826 | ▼ 41.0% |
| Trade receivables40 | - | €2,916 | €5,160 | €92,967 | €42,442 | ▼ 54.3% |
| Other amounts receivable41 | - | €2,530 | €3,429 | €0 | €12,384 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €211,965 | €252,400 | €286,819 | €270,344 | €243,048 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €372,555 | €258,810 | €332,012 | €387,196 | €318,618 | ▼ 17.7% |
| Equity10/15 | €200,104 | €165,295 | €206,743 | €262,526 | €275,476 | ▲ 4.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €88,688 | €88,688 | €88,688 | €88,688 | €88,688 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €86,828 | €86,828 | €86,828 | €86,828 | = |
| Profit (loss) carried forward14 | €99,016 | €58,007 | €99,455 | €155,238 | €168,188 | ▲ 8.3% |
| Amounts payable17/49 | €172,451 | €93,515 | €125,269 | €124,670 | €43,143 | ▼ 65.4% |
| Amounts payable within one year42/48 | €172,451 | €92,028 | €118,883 | €113,433 | €38,569 | ▼ 66.0% |
| Trade debts44 | €155,154 | €1,045 | €15,019 | €0 | €3,883 | - |
| Suppliers440/4 | - | €1,045 | €15,019 | €0 | €3,883 | - |
| Taxes, remuneration and social security45 | - | €18,007 | €14,394 | €27,446 | €25 | ▼ 99.9% |
| Taxes450/3 | - | €18,007 | €14,394 | €27,446 | €25 | ▼ 99.9% |
| Other amounts payable47/48 | - | €72,977 | €89,470 | €85,987 | €34,661 | ▼ 59.7% |
| Accrued charges and deferred income492/3 | - | €1,486 | €6,386 | €11,237 | €4,574 | ▼ 59.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,634 | €58,007 | €41,448 | €55,783 | €12,950 | ▼ 76.8% |
| + Depreciation and write-downs630 | €4,265 | €330 | €1,370 | €12,720 | €13,584 | ▲ 6.8% |
| Operating cash flow (approximation) | €65,900 | €58,337 | €42,818 | €68,502 | €26,534 | ▼ 61.3% |
| Investment in fixed assets (approximation) | - | €595 | -€37,010 | €0 | -€10,444 | - |
| Change in cash | - | €40,435 | €34,419 | -€16,475 | -€27,297 | ▼ 65.7% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €12,950 ▼76.8%
Net result drops to €12,950, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 7.72
Current ratio from 3.20 to 7.72; short-term debt falls from €113,433 to €38,569.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200,000Eq €206,743 ▲25.1%
5 profitable years in a row build equity to €206,743.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €61,634 ▲50.5%
Net result €61,634, the highest in the series.
30-06
Financial
Equity above €200,000Eq €200,104 ▲44.5%
3 profitable years in a row build equity to €200,104.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Elsene · 1 establishment unit since 2016
Ground area
1,401 m²
Building footprint
786 m²
Volume, LiDAR
12,470 m³
Parcel 21446D0061/00Z000, Brussels · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Terkamerenboslaan 92, 1050 Elsene
since 20162.250.026.747
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0061/00Z000 | Brussels | 1,401 m² | 1 · 786 m² | 19.9 m · 5 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 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,728 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 (pre-2019)
Founded01-02-2016
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647659201
Also
9925:BE0647659201
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.