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Mapo Management

Active Risk: not assessed
Public limited companyfounded 1992active for 34 yearsEuroparklaan 1035, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0446.541.280

Financials · financial year 2025, full format

Annual accounts 2025 filed on 03-07-2026 at the NBB all 34 filings

Turnover
≈ €170,000
Estimated: probably between €140,000 and €220,000
EBIT margin
Not included in this filing
Net result
€3,812▼ 79.0%
2024 · €18,159
Working capital
-€648,497▼ 89.8%
2024 · -€341,587
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 67% lower than in 2024 and the lowest since 2021.

Operating result€0.01m 2025 Net result€0.004m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.08m▲ 19.4%€0.09m▲ 3.0%€0.08m▼ 8.0%€0.06m▼ 21.6%€0.02m▼ 74.9%€0.03m▲ 108%€0.01m▼ 67.2%
Net result€0.05m-€0.06m▲ 17.5%€0.06mwithin the sector's middle half▼ 2.6%€0.04mwithin the sector's middle half▼ 22.1%€0.04mwithin the sector's middle half▼ 9.3%€0.003mbelow the sector's middle half▼ 91.8%€0.02mwithin the sector's middle half▲ 454%€0.004mwithin the sector's middle half▼ 79.0%
Equity€2.2m-€2.3m▲ 2.6%€2.4mabove the sector's middle half▲ 2.5%€2.4mabove the sector's middle half▲ 1.9%€2.4mabove the sector's middle half▲ 1.7%€2.4mabove the sector's middle half▲ 0.1%€2.5mabove the sector's middle half▲ 0.7%€2.5mwithin the sector's middle half▲ 0.2%
Total assets€5.8m-€5.8m▲ 0.9%€5.9mabove the sector's middle half▲ 1.0%€6.1mabove the sector's middle half▲ 3.2%€6.1mabove the sector's middle half▲ 0.9%€6.1mabove the sector's middle half▼ 0.8%€6.1mabove the sector's middle half=€6.1mwithin the sector's middle half▲ 0.6%
Debt€3.5m-€3.5m▼ 0.1%€3.5m=€3.7m▲ 4.1%€3.7m▲ 0.4%€3.6m▼ 1.5%€3.6m▼ 0.5%€3.6m▲ 0.8%
Working capital-€0.1m--€0.2m▼ 41.7%-€0.01mwithin the sector's middle half▲ 93.0%-€0.1mbelow the sector's middle half▼ 1,237%-€0.1mbelow the sector's middle half▲ 5.5%-€0.2mbelow the sector's middle half▼ 66.2%-€0.3mbelow the sector's middle half▼ 52.7%-€0.6mbelow the sector's middle half▼ 89.8%
Solvency38.8%-39.5%▲ 0.6pp40.1%within the sector's middle half▲ 0.6pp39.5%within the sector's middle half▼ 0.5pp39.8%within the sector's middle half▲ 0.3pp40.2%within the sector's middle half▲ 0.4pp40.5%within the sector's middle half▲ 0.3pp40.4%within the sector's middle half▼ 0.2pp
Current ratio0.50-0.29▼ 0.210.92within the sector's middle half▲ 0.630.06below the sector's middle half▼ 0.860.15below the sector's middle half▲ 0.090.05below the sector's middle half▼ 0.100.04below the sector's middle half▼ 0.020.04below the sector's middle half=
Return on assets (ROA)0.9%-1.0%▲ 0.1pp1.0%within the sector's middle half=0.7%within the sector's middle half▼ 0.2pp0.7%within the sector's middle half▼ 0.1pp0.1%below the sector's middle half▼ 0.6pp0.3%below the sector's middle half▲ 0.2pp0.1%within the sector's middle half▼ 0.2pp
Staff (FTE)1within the sector's middle half1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets €6.1m ▲ 0.3%
Current assets €25,910 ▲ 108%
Equity and liabilities €6.1m
Equity €2.5m ▲ 0.2%
Debt €3.6m ▲ 0.8%
Debt's share of the balance-sheet total rises from 59.5% to 59.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
0.2%▼
2024 · 0.7%
Debt ≤ 1 year
€674,407▲
2024 · €354,061
Debt > 1 year
€2.5m▼
2024 · €2.8m
Income taxes
€5,680▼
2024 · €10,977
Staff costs
€96,570▲
2024 · €67,110
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Mapo Management: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.8m and €6.6m, founded between 1989 and 1999.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Mapo Management Houthalen-Helchteren1992€6.1m€2.5m€0.1m€0.004m12025
PROMANI Merksplas1989€6.4m€6.3m€0.1m€0.2m0.82025
Slaets Groep Antwerpen1999€6.6m€5.6m€0.1m€0.07m0.82025
INDUSTRIAL RECYCLERS HOLDING Manhay1999€5.2m€3.9m€0.1m€1.0m12025
HUPPELDEPUP Leuven1997€4.6m€3.3m€0.1m-€0.09m0.62025
MAMPAEY INVEST Tremelo1999€6.1m€5.7m€0.2m€0.02m12025
YOGI Lier1993€3.8m€0.3m€0.1m€0.06m0.72025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines

Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€6.1m€6.1m▲
Fixed assets21/28€6.0m€6.1m▲
Financial fixed assets28€6.0m€6.1m▲
Current assets29/58€0.01m€0.03m▲
Amounts receivable within one year40/41€0.001m€0.01m▲
Trade receivables40€0.001m€0▼
Other amounts receivable41-€0.01m
Cash at bank and in hand54/58€0.006m€0.006m▲
Deferred charges and accrued income490/1€0.005m€0.005m▲
Equity and liabilities
Total equity and liabilities10/49€6.1m€6.1m▲
Equity10/15€2.5m€2.5m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€2.3m€2.3m▲
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Distributable reserves133€2.3m€2.3m▲
Amounts payable17/49€3.6m€3.6m▲
Amounts payable after more than one year17€2.8m€2.5m▼
Financial debts170/4€2.8m€2.5m▼
Amounts payable within one year42/48€0.4m€0.7m▲
Current portion of amounts payable after more than one year42€0.02m€0▼
Trade debts44€0.02m€0.02m▲
Suppliers440/4€0.02m€0.02m▲
Taxes, remuneration and social security45€0.03m€0.02m▼
Taxes450/3€0.01m€0.01m▼
Remuneration and social security454/9€0.01m€0.02m▲
Other amounts payable47/48€0.3m€0.6m▲
Accrued charges and deferred income492/3€0.4m€0.4m=
Income statement Code20242025
Remuneration, social security and pensions62€0.07m€0.1m▲
Other operating charges640/8€0.001m€0.001m▼
Gross operating margin9900€0.1m€0.1m▲
Operating profit (loss)9901€0.03m€0.01m▼
Financial income75/76B€0.001m€0▼
Recurring financial income75€0.001m€0▼
Non-recurring financial income76B€0.001m€0▼
Financial charges65/66B€0.004m€0.001m▼
Recurring financial charges65€0.004m€0.001m▼
Profit (loss) for the period before taxes9903€0.03m€0.009m▼
Income taxes67/77€0.01m€0.006m▼
Profit (loss) for the period9904€0.02m€0.004m▼
Profit (loss) for the period to be appropriated9905€0.02m€0.004m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.02m€0.004m▼
Transfer to equity691/2€0.02m€0.004m▼
To other reserves6921€0.02m€0.004m▼
Social balance sheet
Average headcount (FTE)90871.01.0=

The notes to these accounts have 11 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.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62----€19,682€79,822€67,110€96,570▲ 43.9%
Other operating charges640/8---€1,103€1,245€1,622€1,431€1,248▼ 12.8%
Gross operating margin9900€70,119€83,518€86,026€79,299€82,196€96,839€100,616€108,347▲ 7.7%
Operating profit (loss)9901€69,118€82,515€85,024€78,196€61,269€15,395€32,075€10,528▼ 67.2%
Financial income75/76B---€0€0€0€1,118€0▼ 100%
Recurring financial income75---€0€0€0€1,118€0▼ 100%
Non-recurring financial income76B------€1,118€0▼ 100%
Financial charges65/66B---€7,828€6,610€8,178€4,057€1,036▼ 74.5%
Recurring financial charges65€6,366€8,287€8,184€7,828€6,610€8,178€4,057€1,036▼ 74.5%
Profit (loss) for the period before taxes9903€62,752€74,228€76,839€70,368€54,658€7,218€29,135€9,492▼ 67.4%
Income taxes67/77€13,066€15,849€19,970€26,090€14,491€3,941€10,977€5,680▼ 48.3%
Profit (loss) for the period9904€49,687€58,379€56,869€44,278€40,168€3,277€18,159€3,812▼ 79.0%
Profit (loss) for the period to be appropriated9905€49,687€58,379€56,869€44,278€40,168€3,277€18,159€3,812▼ 79.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.8m€5.8m€5.9m€6.1m€6.1m€6.1m€6.1m€6.1m▲ 0.6%
Fixed assets21/28€5.7m€5.8m€5.8m€6.0m€6.1m€6.0m€6.0m€6.1m▲ 0.3%
Financial fixed assets28€5.7m€5.8m€5.8m€6.0m€6.1m€6.0m€6.0m€6.1m▲ 0.3%
Current assets29/58€0.1m€0.06m€0.1m€0.009m€0.02m€0.01m€0.01m€0.03m▲ 108%
Amounts receivable within one year40/41€0.09m€0.04m€0.1m€168€0.01m€0.001m€0.001m€0.01m▲ 12×
Trade receivables40---€168€0.01m€0.001m€0.001m€0▼ 100%
Other amounts receivable41----€0.002m€0-€0.01m-
Cash at bank and in hand54/58€0.007m€0.008m€0.002m€147€0.003m€0.006m€0.006m€0.006m▲ 0.5%
Deferred charges and accrued income490/1---€0.009m€0.006m€0.005m€0.005m€0.005m▲ 1.9%
Equity and liabilities
Total equity and liabilities10/49€5.8m€5.8m€5.9m€6.1m€6.1m€6.1m€6.1m€6.1m▲ 0.6%
Equity10/15€2.2m€2.3m€2.4m€2.4m€2.4m€2.4m€2.5m€2.5m▲ 0.2%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Reserves13€2.1m€2.2m€2.2m€2.3m€2.3m€2.3m€2.3m€2.3m▲ 0.2%
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€2.3m€2.3m€2.3m€2.3m€2.3m▲ 0.2%
Amounts payable17/49€3.5m€3.5m€3.5m€3.7m€3.7m€3.6m€3.6m€3.6m▲ 0.8%
Amounts payable after more than one year17€2.9m€2.9m€3.0m€3.1m€3.1m€3.0m€2.8m€2.5m▼ 10.3%
Financial debts170/4---€3.1m€3.1m€3.0m€2.8m€2.5m▼ 10.3%
Amounts payable within one year42/48€0.2m€0.2m€0.1m€0.2m€0.2m€0.2m€0.4m€0.7m▲ 90.5%
Current portion of amounts payable after more than one year42---€0.07m€0.07m€0.08m€0.02m€0▼ 100%
Trade debts44€0.002m€0.001m€0.001m€0.01m€0.004m€0.01m€0.02m€0.02m▲ 23.2%
Suppliers440/4---€0.01m€0.004m€0.01m€0.02m€0.02m▲ 23.2%
Taxes, remuneration and social security45---€0.01m€0.02m€0.02m€0.03m€0.02m▼ 5.3%
Taxes450/3---€0.01m€0.01m€0.006m€0.01m€0.01m▼ 28.1%
Remuneration and social security454/9----€0.009m€0.01m€0.01m€0.02m▲ 18.8%
Other amounts payable47/48---€0.06m€0.06m€0.1m€0.3m€0.6m▲ 117%
Accrued charges and deferred income492/3---€0.4m€0.4m€0.4m€0.4m€0.4m=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€49,687€58,379€56,869€44,278€40,168€3,277€18,159€3,812▼ 79.0%
Operating cash flow (approximation)€49,687€58,379€56,869€44,278€40,168€3,277€18,159€3,812▼ 79.0%
Investment in fixed assets (approximation)--€100,000€0-€296,340-€39,930€39,930€0-€20,000-
Change in cash-€1,193-€6,099-€2,234€3,014€2,794€264€28▼ 89.3%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 03-07-2026 2026-00260068 NBB
31-12-2024 abbreviated format 09-05-2025 2025-00093271 PDF
31-12-2023 abbreviated format 18-07-2024 2024-00262022 PDF
31-12-2022 abbreviated format 10-07-2023 2023-00228133 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20117444 PDF
31-12-2020 abbreviated format 30-06-2021 2021-30000347 PDF
31-12-2019 abbreviated format 30-06-2020 2020-22500022 PDF
31-12-2018 abbreviated format 01-07-2019 2019-27900122 PDF
31-12-2017 abbreviated format 20-07-2018 2018-35700016 PDF
31-12-2016 abbreviated format 31-07-2017 2017-38700025 PDF

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