MAPLEBURN
ActiveSummary
The computed 12-month bankruptcy probability of MAPLEBURN is 11.9% (high). For MAPLEBURN, at least two annual filings are missing. The 2023 annual accounts show equity of €53,894 and a net result of €132,484. Equity has been growing by about 17% per year since 2020. Its solvency ranks better than 46% of 23,998 sector peers (NACE 47, financial year 2023). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-2019 Normal situation
- Activity
- Retail sale of information and communication equipment NACE 47400and 2 others
- Establishment unit
- 2.304.412.469 2950 Kapellen, since 20-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Board and ownership
Board
- NUVEMDirector · since 01-10-2021 · permanent representative DE COSTER Bernard
Financial position
- Bankruptcy probabilitywithin 12 months
- 11.9%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €137,166
- ▲ 133%
- Turnover
- ≈ €830,000
- estimated
- Profit
- €132,484
- ▲ 128%
- Equity
- €53,894
- ▲ 16.1%
- Total assets
- €198,067
- ▲ 13.8%
- 2024 accounts not filed, 458 days past the deadline
Filed on 26-06-2025
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 330 days late; 3 of the last 3 accounts lateFigures for financial year 2023 (filed on 26-06-2025)Size: total assets €198,067Two or more financial years not filed2023 accounts filed 330 days latelowers riskLiquidity: current ratio 1.25, cash €82,223Show the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Strong
Solvency
52=
equity 27.2% of total assets
Liquidity
61+1
short-term debt 72.8% · cash 41.5%
Profitability
100=
return on assets 66.9%
Bankruptcy probability within 12 months
11.9%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 12.4%
01-2025: 14.9%▲ +2.5 percentage points vs 12-2024
02-2025: 14.9%● unchanged vs 01-2025
03-2025: 15.3%▲ +0.4 percentage points vs 02-2025highest value
04-2025: 14.3%▼ -1.0 percentage point vs 03-2025
05-2025: 14.3%● unchanged vs 04-2025
06-2025: 9.7%▼ -4.6 percentage points vs 05-2025
07-2025: 3.5%▼ -6.2 percentage points vs 06-2025lowest value
08-2025: 4.5%▲ +1.0 percentage point vs 07-2025
09-2025: 5.0%▲ +0.5 percentage points vs 08-2025
10-2025: 7.0%▲ +2.0 percentage points vs 09-2025
11-2025: 6.5%▼ -0.5 percentage points vs 10-2025
12-2025: 7.9%▲ +1.4 percentage points vs 11-2025
01-2026: 10.2%▲ +2.3 percentage points vs 12-2025
02-2026: 10.2%● unchanged vs 01-2026
03-2026: 10.7%▲ +0.5 percentage points vs 02-2026
04-2026: 9.9%▼ -0.8 percentage points vs 03-2026
05-2026: 9.7%▼ -0.2 percentage points vs 04-2026
06-2026: 9.6%▼ -0.1 percentage points vs 05-2026
07-2026: 9.6%● unchanged vs 06-2026
08-2026: 11.9%▲ +2.3 percentage points vs 07-2026
09-2026: 11.9%● unchanged vs 08-2026
10-2026: 11.9%● unchanged vs 09-2026
11-2026: 11.9%● unchanged vs 10-2026
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline01-11-2026 today
raises risk · 2023 accounts filed 330 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-06-2025, 330 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
330 days late
2022
233 days late
2021
95 days late
2020
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 180 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2023 filed on 26-06-2025 PDF all 4 filings
Turnover
≈ €830,000
Estimated: probably between €450,000 and €1.3m
Total assets
€198,067▲ 13.8%
2022 · €173,993
Net result
€132,484▲ 128%
2022 · €58,026
Working capital
€36,684▲ 22.4%
2022 · €29,964
Trend over the years
2020 to 2023, 4 financial years
The operating result for 2023 is 135% higher than in 2022 and the highest since 2020. It is a recovery after the fall in 2022.
Operating result€135,640
2023
Net result€132,484
2023
Total assets€198,067
2023
Equity€53,894
2023
Debt€144,174
2023
Working capital€36,684
2023
Return on assets (ROA)66.9%
2023
Solvency27.2%
2023
Current ratio1.25
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€25,760-€70,556▲ 174%€57,780▼ 18.1%€135,640▲ 135%
Net result€22,231within the sector's middle half-€63,153above the sector's middle half▲ 184%€58,026above the sector's middle half▼ 8.1%€132,484above the sector's middle half▲ 128%
Equity€30,231within the sector's middle half-€43,384within the sector's middle half▲ 43.5%€46,410within the sector's middle half▲ 7.0%€53,894within the sector's middle half▲ 16.1%
Total assets€93,288within the sector's middle half-€144,987within the sector's middle half▲ 55.4%€173,993within the sector's middle half▲ 20.0%€198,067within the sector's middle half▲ 13.8%
Debt€63,057-€101,603▲ 61.1%€127,583▲ 25.6%€144,174▲ 13.0%
Working capital€30,231within the sector's middle half-€43,384within the sector's middle half▲ 43.5%€29,964within the sector's middle half▼ 30.9%€36,684within the sector's middle half▲ 22.4%
Solvency32.4%within the sector's middle half-29.9%within the sector's middle half▼ 2.5pp26.7%within the sector's middle half▼ 3.2pp27.2%within the sector's middle half▲ 0.5pp
Current ratio1.48within the sector's middle half-1.43within the sector's middle half▼ 0.051.23within the sector's middle half▼ 0.191.25within the sector's middle half▲ 0.02
Return on assets (ROA)23.8%above the sector's middle half-43.6%above the sector's middle half▲ 19.7pp33.3%above the sector's middle half▼ 10.2pp66.9%above the sector's middle half▲ 33.5pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €198,067
Fixed assets
€17,210 ▲ 4.6%
Current assets
€180,858 ▲ 14.8%
Equity and liabilities €198,067
Equity
€53,894 ▲ 16.1%
Debt
€144,174 ▲ 13.0%
Debt's share of the balance-sheet total falls from 73.3% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137,057▲
2022 · €58,339
Cash flow
€133,901▲
2022 · €58,585
Debt to equity
2.68▼
2022 · 2.75
ROE
245.8%▲
2022 · 125.0%
Interest coverage
over 100▲
2022 · 78.30
Debt ≤ 1 year
€144,174▲
2022 · €127,583
Income taxes
€4,055▲
2022 · -€933
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €17,005 | €2,181 |
| Depreciation and write-downs of the year | - | €559 | €1,417 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as MAPLEBURN: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €172,000 and €264,000, founded between 2018 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| MAPLEBURN Kapellen | 2019 | €198,067 | €53,894 | €137,166 | - | €132,484 | 2023 |
| MathIT Beveren-Kruibeke-Zwijndrecht | 2020 | €216,078 | €37,423 | €117,477 | - | €22,202 | 2025 |
| VIPC Ieper | 2018 | €231,920 | €14,354 | €104,092 | - | €68,030 | 2025 |
| LA LOUVIÈRE BASE CENTER La Louvière | 2018 | €220,601 | €110,285 | €112,595 | €311,430 | €30,927 | 2025 |
| HUSSAR Lasne | 2021 | €263,706 | €113,916 | €122,216 | - | €16,262 | 2025 |
| Q-Deal Ieper | 2020 | €190,733 | €105,174 | €88,912 | - | €55,374 | 2025 |
| 3DTECHLAB Gembloux | 2021 | €172,071 | €17,267 | €100,260 | - | €587 | 2025 |
They were chosen from the 1,821 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €559 | €1,417 | ▲ 153% |
| Other operating charges640/8 | - | €952 | €490 | €109 | ▼ 77.8% |
| Gross operating margin9900 | €26,334 | €71,508 | €58,829 | €137,166 | ▲ 133% |
| Operating profit (loss)9901 | €25,760 | €70,556 | €57,780 | €135,640 | ▲ 135% |
| Financial income75/76B | - | - | €59 | €1,366 | ▲ 23× |
| Recurring financial income75 | €55 | - | €59 | €1,366 | ▲ 23× |
| Financial charges65/66B | - | €557 | €745 | €468 | ▼ 37.2% |
| Recurring financial charges65 | €85 | €557 | €745 | €468 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €25,731 | €69,999 | €57,093 | €136,538 | ▲ 139% |
| Income taxes67/77 | €3,500 | €6,846 | -€933 | €4,055 | - |
| Profit (loss) for the period9904 | €22,231 | €63,153 | €58,026 | €132,484 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €22,231 | €63,153 | €58,026 | €132,484 | ▲ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €93,288 | €144,987 | €173,993 | €198,067 | ▲ 13.8% |
| Fixed assets21/28 | - | - | €16,446 | €17,210 | ▲ 4.6% |
| Tangible fixed assets22/27 | - | - | €16,446 | €17,210 | ▲ 4.6% |
| Plant, machinery and equipment23 | - | - | €3,921 | €5,768 | ▲ 47.1% |
| Furniture and vehicles24 | - | - | €12,525 | €11,442 | ▼ 8.6% |
| Current assets29/58 | €93,288 | €144,987 | €157,547 | €180,858 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €49,748 | €49,010 | €84,127 | €98,635 | ▲ 17.2% |
| Trade receivables40 | - | €45,569 | €30,786 | €67,422 | ▲ 119% |
| Other amounts receivable41 | - | €3,441 | €53,341 | €31,213 | ▼ 41.5% |
| Cash at bank and in hand54/58 | €43,540 | €95,978 | €73,420 | €82,223 | ▲ 12.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €93,288 | €144,987 | €173,993 | €198,067 | ▲ 13.8% |
| Equity10/15 | €30,231 | €43,384 | €46,410 | €53,894 | ▲ 16.1% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | €22,231 | €35,384 | €38,410 | €45,894 | ▲ 19.5% |
| Amounts payable17/49 | €63,057 | €101,603 | €127,583 | €144,174 | ▲ 13.0% |
| Amounts payable within one year42/48 | €63,057 | €101,603 | €127,583 | €144,174 | ▲ 13.0% |
| Trade debts44 | €47,372 | €21,624 | €19,486 | €19,244 | ▼ 1.2% |
| Suppliers440/4 | - | €21,624 | €19,486 | €19,244 | ▼ 1.2% |
| Taxes, remuneration and social security45 | - | €28,882 | €3,097 | - | - |
| Taxes450/3 | - | €28,882 | €3,097 | - | - |
| Other amounts payable47/48 | - | €51,097 | €105,000 | €124,930 | ▲ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,231 | €63,153 | €58,026 | €132,484 | ▲ 128% |
| + Depreciation and write-downs630 | - | - | €559 | €1,417 | ▲ 153% |
| Operating cash flow (approximation) | €22,231 | €63,153 | €58,585 | €133,901 | ▲ 129% |
| Investment in fixed assets (approximation) | - | - | - | -€2,181 | - |
| Change in cash | - | €52,438 | -€22,557 | €8,803 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2021
Board 1
NUVEM
Current
Director · since 01-10-2021 · Private limited company · permanent representative: DE COSTER Bernard · listed in the 2023 annual accounts, filed on 26-06-2025
Permanent representatives 1
DE COSTER Bernard
Current
Permanent representative · appointed in the act of 19-05-2023 · for NUVEM
Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NUVEM |
|
| WULLAERT Steve |
|
Network & group
Companies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2025
26-06
micro format · 330 days late
2024
20-03
micro format · 233 days late
2023
31-12
Financial
Highest result from 2020 to 2023net €132,484 ▲128%
The operating result of €135,640 and the net result of €132,484 are both a record.
19-05
Gazette deed
Registered office moved to KapellenResignation: WULLAERT Steve (director) · Appointment: NUVEM (director) · Permanent representative: DE COSTER Bernard12 points ▸
Gazette deed
Registered office moved to Kapellen
Resignation: WULLAERT Steve (director) · Appointment: NUVEM (director) · Permanent representative: DE COSTER Bernard12 points ▸
- General meeting, 15-05-2023
- Incorporation, 16-12-2019
- Other provision, “voorafgaande kennisname verslag bestuursorgaan inzake wijziging voorwerp, ter griffie van de ondernemingsrechtbank neer te leggen” (deed in Dutch)
- Purpose change
- Registered-office move, 2950 Kapellen, Spechtenlaan 15
- General meeting, 01-10-2021
- Director resignation, WULLAERT Steve (director)
- Director appointment, NUVEM (director)
- Permanent representative, DE COSTER Bernard
- Other provision, “bevestiging ontslag- en benoemingsbeslissing voor publicatie”, 01-10-2021 (deed in Dutch)
- Power of attorney
- Other provision, “al de beslissingen die voorafgaan, stemming” (deed in Dutch)
2022
03-11
micro format · 95 days late
2021
30-09
micro format · 61 days late
2019
24-12
Financial milestoneGazette deedNBB filingFinancial 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
Register details
Identity
KBO recordName
MAPLEBURN in Dutch
Trade name
ELKTROBURN in Dutch
Enterprise number
0739.867.302
Legal form
Private limited company
Status
Active, normale toestand
Founded
20-12-2019
Entity type
Legal entity
Registered office and establishments
Registered office
Spechtenlaan 15, 2950 Kapellen, Belgium
Establishment unit
ElektroBurn, Spechtenlaan 15, 2950 Kapellen since 20-12-2019 · unit number 2.304.412.469
Activities
NACEBEL 202547400
Retail sale of information and communication equipment main activity
62200
Computer consultancy and computer facilities management
62900
Other information technology and computer services
Codes under NACEBEL 2008
47410
Retail trade main activity
62020
IT consultancy
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 19-05-2023 (in Dutch)
“De aan- en verkoop, de import en de export, de ontwikkeling en commercialisatie van allerlei software en hardware, inbegrepen het verrichten…”
9 activities
- De aan- en verkoop, de import en de export, de ontwikkeling en commercialisatie van allerlei software en hardware, inbegrepen het verrichten van consultancy in dit verband, het installeren en implementeren van systemen dienaangaande;
- Het aanbieden van producten en diensten met betrekking tot informatie en communicatie technologie, business consultancy en business ICT aligment, beheer van netwerken, domoticasystemen en het ontwikkelen van oplossingen op maat;
- Realisaties van programma's en gebruiksklare systemen;
- De vertegenwoordiging en het optreden als commercieel tussenpersoon;
- Het verrichten van marktonderzoek, promotie, raadgeving, prospectie, marketing, assistentie op het gebied van management, engineering en consulting: technisch, commercieel en administratief;
- Het verrichten van alle activiteiten die het voorwerp ondersteunen en helpen te verwezenlijken (inrichten van seminaries, publicaties, lesopdrachten);
- Het verstrekken van adviezen op het vlak van bedrijfsvoering met het oog op de bevordering van de communicatie, de verkoop, de rentabiliteit, de commerciële strategie, het financieel beheer, marketing en management;
- Studie- organisatie- en raadgevend bureau inzake verkoop, marketing, public relations.
- Het uitvoeren van elektrotechnische installatiewerken in het algemeen, en aan gebouwen, met het oog op publiciteit en voor digitale doeleinden, en alle aanverwante activiteiten;
Invoicing and payment
VAT number
BE 0739.867.302
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,953 m²
Building footprint
216 m²
Building volume
1,278 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11023I0109/02P000 | Flanders | 2,953 m² | 1 · 216 m² | 10.2 m · 2 |