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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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MAPO-FOOD from Huldenberg, company number BE0461332592, closed financial year 2025 with a result of € 4.2 million after tax. For that financial year MAPO-FOOD recorded a gross margin of € -18,269 and equity of € 15.3 million. Compared with financial year 2023, the result moved from € 41,386 to € 4.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 15.3 million
▲ 40% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.2 million
▲ € 4.2 million vs 2023
Profit after tax over the fiscal year.
€ 373,248
▲ € 315,516 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 15 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 54
▼ 96% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,760 | € 88,606 | € 56,781 | € -18,269 | ▼ € 75,050 |
| Profit after taxes | € 917,557 | € 117,962 | € 41,386 | € 4,237,243 | ▲ € 4.2 million |
| Equity | € 10,725,710 | € 10,838,281 | € 10,874,275 | € 15,267,583 | ▲ 40% |
| Total debts | € 1,541,358 | € 1,591,228 | € 1,649,450 | € 902,381 | ▼ 45% |
| Cash | € 66,252 | € 18,693 | € 57,732 | € 373,248 | ▲ € 315,516 |
| Land & buildings | € 115,710 | € 100,479 | € 85,248 | € 54,787 | ▼ 36% |
| Retained profit | € 10,403,068 | € 10,521,030 | € 10,562,416 | € 14,966,504 | ▲ 42% |
| Balance sheet total | € 12,267,067 | € 12,429,508 | € 12,523,726 | € 16,169,964 | ▲ 29% |
| Employees (FTE) | 1 | 1 | 0.5 | - |
Key figures of MAPO-FOOD, fiscal years 2021 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 MAPO-FOOD?
What happened at MAPO-FOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.2 million (▲ € 4.2 million vs 2023). Source: NBB ↗
- STEPHANE VAN DE MOORTELE became a director. NBB
- New establishment in Huldenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 917,557 profit in 2021 to € 4.2 million profit in 2025.
Paid € 232,532 in corporate taxes since 2021.
Best year ever: 2025, with € 4.2 million profit.
On average € 88,600 of value added per employee in 2022.
Management
The stake of VDL CONSULTING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAPO-FOODBehind MAPO-FOOD is STEPHANE VAN DE MOORTELE. The shares are held by VDL CONSULTING (0.1%). It owns 100% of ERTEL N.V. and 100% of VDL-CONSULTING N.V. itself.
Directors
According to the 2025 annual accounts
STEPHANE VAN DE MOORTELE
Director
since 2023
Shareholders
0.1%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Nijvelsebaan 89
3040 Huldenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.332.592
- VAT number
- BE 0461.332.592
- Registered office
- Nijvelsebaan 89, 3040 Huldenberg
- Names & denominations
- MAPO-FOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1997
- Peppol
- Not registered
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
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