Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Alpaga MDB from Kontich, company number BE0429632695, closed financial year 2025 with a result of € -83,044 after tax. For that financial year Alpaga MDB recorded a gross margin of € 58,380 and equity of € 25,325. Compared with financial year 2024, the result moved from € -27,839 to € -83,044. The company made a loss. The buffer shrank hard: equity is 77 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 25,325
▼ 77% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -83,044
▼ 198 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,954
▲ 273% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -36,675.
People and assets in 2025
€ 97,461
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.6 million
€ 253,332 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 104,842
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 176
▼ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 131,840 | € 2,508 | € -24,822 | € 58,380 | ▲ € 83,201 |
| Profit after taxes | € 10,520 | € 5,409 | € -27,839 | € -83,044 | ▼ € 55,205 |
| Equity | € 173,299 | € 136,208 | € 108,369 | € 25,325 | ▼ 77% |
| Total debts | € 189,739 | € 244,504 | € 193,089 | € 5,295,303 | ▲ € 5.1 million |
| Cash | € 85,000 | € 1,452 | € 1,328 | € 4,954 | ▲ 273% |
| Land & buildings | - | - | - | € 5,062,284 | |
| Retained profit | € 111,299 | € 74,208 | € 46,369 | € -36,675 | ▼ € 83,044 |
| Dividend | € 47,500 | € 42,500 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 3,631,112 | |
| Balance sheet total | € 363,038 | € 380,712 | € 301,458 | € 5,320,627 | ▲ € 5 million |
| Employees (FTE) | 1.8 | - | - | - |
Key figures of Alpaga MDB, 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 Alpaga MDB?
What happened at Alpaga MDB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 83,044. Source: NBB ↗
- MAPAN NV became a director. NBB
- New establishment in Anderlecht. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,520 profit in 2022 to € 83,044 loss in 2025.
Paid € 177 in corporate taxes since 2022.
Best year ever: 2022, with € 10,520 profit.
On average € 73,200 of value added per employee in 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of EDULAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Alpaga MDBBehind Alpaga MDB is MAPAN NV. The shares are held by EDULAN (99.9%).
Directors
According to the 2025 annual accounts
since 2023
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pierstraat 365
2550 Kontich
Adolphe Maxlaan 10
1000 Brussel
Active since 3 February 1987
Adolphe Maxlaan 10
1000 Brussel
Active since 3 February 1987
De Lindeplein 12
1070 Anderlecht
Active since 4 February 1987
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →MEDICA same network
€ 1.2 million gross margin · 2025
MAPAN same network
€ 252,565 gross margin · 2025
ENTASIS
€ 262,918 gross margin · 2025
BerBeCo Holdings
€ 218,378 gross margin · 2025
Mibeco groep
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.632.695
- VAT number
- BE 0429.632.695
- Registered office
- Pierstraat 365, 2550 Kontich
- Names & denominations
- Alpaga MDB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1986
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers