Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M.A.P. from Ardooie, company number BE0423333239, closed financial year 2025 with a result of € -158,623 after tax. For that financial year M.A.P. recorded a gross margin of € 111,537 and equity of € 85,020. Compared with financial year 2024, the result moved from € -1,782 to € -158,623. The company made a loss. The buffer shrank hard: equity is 65 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 25, 2026.
€ 85,020
▼ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -158,623
▼ 8801 % more loss than in 2024
Profit after tax over the fiscal year.
€ 36,851
▲ 188% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 23,020.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 248,032
▼ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,890
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 59,821
€ 7,222 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 114,659
▲ 101% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,685
▼ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 226,174 | € 130,055 | € 292,396 | € 111,537 | ▼ 62% |
| Profit after taxes | € -19,730 | € -124,480 | € -1,782 | € -158,623 | ▼ € 156,841 |
| Equity | € 369,905 | € 245,425 | € 243,643 | € 85,020 | ▼ 65% |
| Total debts | € 137,351 | € 181,778 | € 75,490 | € 202,830 | ▲ 169% |
| Cash | € 29,580 | € 43,187 | € 12,783 | € 36,851 | ▲ 188% |
| Retained profit | € 307,905 | € 183,425 | € 181,643 | € 23,020 | ▼ 87% |
| Bank debt | € 0 | € 0 | € 0 | € 59,821 | |
| Balance sheet total | € 507,256 | € 427,204 | € 319,133 | € 287,850 | ▼ 10% |
Key figures of M.A.P., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to M.A.P.?
What happened at M.A.P. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 158,623. filed late Source: NBB ↗
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,730 loss in 2022 to € 158,623 loss in 2025.
Paid € 1,963 in corporate taxes since 2022.
Management
Behind M.A.P. is Geert Claeys.
Directors
According to the 2025 annual accounts
Geert Claeys
Director
Establishments
Establishment units
Physical locations of this company
Wezestraat 24-26
8850 Ardooie
Wezestraat 24 2
8850 Ardooie
Active since 1 January 1983
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.333.239
- VAT number
- BE 0423.333.239
- Registered office
- Wezestraat 24-26, 8850 Ardooie
- Names & denominations
- M.A.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1982
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
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