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MAPOB

Active Private limited companyfounded 2014active for 12 yearsCoghenlaan 125, 1180 UccleKBO/BCE: BE 0544.958.272
MAPOB
Financial year 2025
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Annual accounts 2025

micro format, filed on 21-05-2026, 21 days late
Gross margin
€69,313
▲ 73.1%
Operating result
€67,952
▲ 81.9%
Profit
€203,790
▼ 49.2%
Working capital
€647,167
▲ 18.5%
Solvency
85.1%
▲ 7.4 percentage points
Current ratio
4.79
▲ 0.73

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €110,000 and €180,000.

Balance sheet

balance sheet total €1.8m on 30-09-2025
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Position in the sector

Compare with sector

Solvency85.1%

Higher than 83% of 39,335 companies in 2025.

Current ratio4.79

Higher than 77% of 38,020 companies in 2025.

Return on assets11.4%

Higher than 45% of 38,492 companies in 2025.

MAPOB Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
Total assets20/58 1.8m1.7m1.4m1.3m1.3m1.2m1.2m1.1m979,1457,5811,455
Fixed assets21/28 966,494966,857967,589968,383969,177969,048966,494966,678966,90774154
Tangible fixed assets22/27 -3621,0951,8892,6832,553-183412687-
Furniture and vehicles24 -3621,0951,8892,6832,553-183412687-
Financial fixed assets28 966,494966,494966,494966,494966,494966,494966,494966,494966,4945454
Current assets29/58 817,908724,449429,622327,515327,459266,796214,860124,85012,2386,8401,400
Stocks and contracts in progress3 ---23,4128,572------
Stocks30/36 ---23,4128,572------
Amounts receivable within one year40/41 45,682190,968162,554122,83171,001196,19459,2825,47010,0005,000-
Trade receivables40 45,00015,16360,000120,43869,41258,50058,5595,00010,0005,000-
Other amounts receivable41 682175,805102,5542,3931,589137,694723470---
Cash at bank and in hand54/58 594,369533,481267,068181,273247,88670,602155,578119,3802,2381,8401,400
Deferred charges and accrued income490/1 177,857----------
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.8m1.7m1.4m1.3m1.3m1.2m1.2m1.1m979,1457,5811,455
Equity10/15 1.5m1.3m912,809722,599598,833454,936311,596126,756-76,370-75,633-43,744
Contributions10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
Issued capital100 ------18,60018,60018,60018,60018,600
Uncalled capital101 ------12,40012,40012,40012,40012,400
Reserves13 1.2m1.0m603,073412,863289,097145,2001,8601,860---
Non-distributable reserves130/1 1,8601,8601,8601,8601,8601,860-----
Legal reserve130 ------1,8601,860---
Reserves not available under the articles1311 1,8601,8601,8601,8601,8601,860-----
Distributable reserves133 1.2m1.0m601,213411,003287,237143,340-----
Profit (loss) carried forward14 303,536303,536303,536303,536303,536303,536303,536118,696-82,570-81,833-49,944
Amounts payable17/49 266,518377,211484,402573,300697,803780,908869,759964,7711.1m83,21445,199
Amounts payable after more than one year17 95,777198,839300,439400,598499,335596,671692,626779,388880,471--
Financial debts170/4 95,777198,839300,439400,598499,335596,671692,626779,388880,471--
Amounts payable within one year42/48 170,741178,372183,963172,702198,468184,237177,133185,383175,04583,21445,199
Current portion of amounts payable after more than one year42 103,063101,600100,15898,73797,33695,95594,593101,08291,928--
Trade debts44 2,9952,0191,29723,7749,7393488,5622,860130--
Suppliers440/4 2,9952,0191,29723,7749,7393488,5622,860130--
Taxes, remuneration and social security45 37,97348,73957,66225,34626,72314,3341,642--16,57318,199
Taxes450/3 37,97348,73957,66225,34626,72314,3341,642--3,0004,626
Remuneration and social security454/9 ---------13,57313,573
Other amounts payable47/48 26,71126,01424,84524,84564,67073,60072,33681,44182,98766,64127,000
Income statement
Gross operating margin9900 69,31340,05058,41858,25957,28865,78549,69757,4302,826-31,287-49,516
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 362733794794609186183229275458-
Other operating charges640/8 9981,9661,385868943600868348348-349
Operating profit (loss)9901 67,95237,35156,23856,59755,73564,99948,64556,8532,204-31,745-49,865
Financial income75/76B 177,857418,101173,133100,677124,539110,000150,097160,000-4539
Recurring financial income75 177,857418,101173,133100,677124,539110,000150,097160,000-4539
Financial charges65/66B 4,0455,4286,8448,1639,65410,90712,26113,7272,941189117
Recurring financial charges65 4,0455,4286,8448,1639,65410,90712,26113,7272,941189117
Profit (loss) for the period before taxes9903 241,764450,024222,527149,112170,620164,092186,481203,127-737-31,889-49,943
Income taxes67/77 37,97348,73932,31725,34626,72320,7521,642---1
Profit (loss) for the period9904 203,790401,285190,210123,766143,897143,340184,839203,127-737-31,889-49,944
Profit (loss) for the period to be appropriated9905 203,790401,285190,210123,766143,897143,340184,839203,127-737-31,889-49,944
Appropriation of the result
Profit (loss) to be appropriated9906 507,326704,821493,746427,302447,433446,876303,536120,556-82,570-81,833-49,944
Profit (loss) brought forward from the previous period14P 303,536303,536303,536303,536303,536------
Transfer to equity691/2 203,790401,285190,210123,766143,897143,340-1,860---
To the legal reserve6920 -------1,860---
To other reserves6921 203,790401,285190,210123,766143,897143,340-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-05-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 21 days after the deadline. Filed on 21 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00116283.

Financial year Type Filed Reference Document
30-09-2025 micro format 21-05-2026 2026-00116283 PDF
30-09-2024 micro format 24-03-2025 2025-00052669 PDF
30-09-2023 micro format 28-05-2024 2024-00097987 PDF
30-09-2022 micro format 07-04-2023 2023-00057804 PDF
30-09-2021 micro format 01-05-2022 2022-20018808 PDF
30-09-2020 micro format 28-04-2021 2021-11700513 PDF
30-09-2019 micro format 31-03-2020 2020-08100587 PDF
30-09-2018 micro format 30-04-2019 2019-11700453 PDF
30-09-2017 micro format 27-04-2018 2018-11300089 PDF
30-09-2016 full format 23-03-2017 2017-07100265 PDF
30-09-2015 full format 31-05-2016 2016-14900101 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
EBITDA 68,31438,08457,03257,39156,34565,18548,82957,0822,479-31,287-
Cash flow 204,153402,018191,004124,560144,506143,526185,023203,356-462-31,431-
Investment in fixed assets (approximation) 00007382,73900966,4941,14554
Change in cash 60,888266,41385,795-66,614177,284-84,97636,198117,141398439-
Working capital 647,167546,077245,659154,813128,99182,55937,727-60,533-162,806-76,374-43,799
Solvency 85.1%77.7%65.3%55.8%46.2%36.8%26.4%11.6%-7.8%-997.7%-
Current ratio 4.794.062.341.901.651.451.210.670.070.08-
Quick ratio 4.794.062.341.761.611.451.210.670.070.08-
Debt to equity 0.180.290.530.791.171.722.797.61---
ROE 13.4%30.5%20.8%17.1%24.0%31.5%59.3%160.2%---
ROA 11.4%23.7%13.6%9.6%11.1%11.6%15.6%18.6%-0.1%-420.6%-
Interest coverage 16.897.028.337.035.84------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets----€738
Depreciation and write-downs of the year€362€733€794€794€609

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MAPOB

The operating result for 2025 is 82% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 22.3% to 14.9%. Equity is higher and debt is lower.

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