Turnover
≈ €120,000 estimated
The micro format states no turnover.
MAPO FORAIN
Lifetime
1 annual account with figurespeak €10,951 (2025)
€10,951
peak €7,099 (2025)
€7,099
peak €17,099 (2025)
€17,099
€3,285
Board2 names since 2024
2 directorsONDERWATER Marie Catherine Magali Micheline and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
1 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsBoard
1 left
A director left. Latest change 06-05-2026 · 1 in office.
Position in the sector
83.9%
Higher solvency than 92% of companies in food and beverage service. Sector median 29.5% · 17,162 companies.
Checked score
72
Healthy
Financially stronger than 94% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 3.9%
02-2026: 4.0%▲ +0.1 percentage points vs 01-2026
03-2026: 4.1%▲ +0.1 percentage points vs 02-2026
04-2026: 4.4%▲ +0.3 percentage points vs 03-2026
05-2026: 4.5%▲ +0.1 percentage points vs 04-2026
06-2026: 4.8%▲ +0.3 percentage points vs 05-2026
07-2026: 5.3%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 5.3%● unchanged vs 07-2026highest value
09-2026: 5.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.7%▼ -4.4 percentage points vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €20,384
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 5.78, cash €11,836
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 56, micro). It does better than 94% of them on solvency, 96% on liquidity and 93% on profitability.
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 low class on 30-06-2025, 0.8% 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, 11,279 companies had the same profile as MAPO FORAIN has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MAPO FORAIN itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for MAPO FORAIN. 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 €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.78, above the usual 1.5. Short-term debt is 16.1% and cash 58.1% of total assets. 16.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
38 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Resignation: PINET Alexis (director)
Transfer of shares from PINET Alexis to ONDERWATER Marie · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017540886
First establishment
Rue En Bois 44, Herstal
Incorporation
Founding capital of €10,000, 100 shares · Founders: PINET Alexis Daniel Gaëtan and ONDERWATER Marie Catherine Magali Micheline · Appointments: PINET Alexis Daniel Gaëtan (director) and ONDERWATER Marie Catherine Magali Micheline (director) · published on 19-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAPO FORAIN Ans | €20,384 | €10,951 | 83.9% | - |
| DE START-7 Aalst | €18,877 | €11,004 | 57.4% | - |
| JAVEBO EVENTS Berlaar | €20,103 | €11,639 | 39.6% | - |
| A LA STATION Leuze-en-Hainaut | €21,066 | €10,576 | 15.4% | - |
| Cacha Concept Liège | €22,852 | €8,064 | -69.1% | - |
| MZGK Verviers | €17,885 | €12,846 | 3.5% | - |
| ZYH Liège | €23,853 | €14,047 | 69.7% | - |
These companies have the same main activity as MAPO FORAIN: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €17,900 and €23,900, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 17-12-2024Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 2 others
- Establishment unit
- 2.367.717.3424040 Herstal, since 01-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 30-11-2025
Annual accounts 2025
- €20,384
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on MAPO FORAIN
MAPO FORAIN has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,099 and a net result of €7,099.
Its solvency ranks better than 93% of 17,162 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAPO FORAIN
- What is the company number of MAPO FORAIN?
- The company number of MAPO FORAIN is 1017.540.886. The VAT number is the same number with BE in front: BE 1017.540.886.
- Where is MAPO FORAIN based?
- The registered office is at Avenue Joseph Leclercq 20, 4432 Ans.Company details
- What does MAPO FORAIN do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MAPO FORAIN?
- MAPO FORAIN is a private limited company (BV).
- When was MAPO FORAIN founded?
- MAPO FORAIN was founded on 17-12-2024.
- Is MAPO FORAIN still active?
- Yes, MAPO FORAIN is an active enterprise in the KBO register.
- What is the turnover of MAPO FORAIN?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €10,951 and 133 comparable companies (NACE 56112). It probably lies between €76,000 and €210,000. It is a rough estimate.Financials
- Is MAPO FORAIN profitable?
- In financial year 2025, MAPO FORAIN made a profit of €7,099.
- Where can I find the annual accounts of MAPO FORAIN?
- MAPO FORAIN filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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