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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAPAS from Antwerpen, company number BE0461397425, closed financial year 2025 with a result of € -2,499 after tax. For that financial year MAPAS recorded a gross margin of € 10,926 and equity of € 176,891. Compared with financial year 2024, the result moved from € -1,740 to € -2,499. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 176,891
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,499
▼ 44 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,298
▲ € 1,027 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 114,918.
Debts at end 2025
€ 106,266
▼ 11% vs 2024
€ 5,027 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,682 | € 11,560 | € 11,965 | € 10,926 | ▼ 9% |
| Profit after taxes | € -1,545 | € -1,715 | € -1,740 | € -2,499 | ▼ € 758 |
| Equity | € 182,845 | € 181,130 | € 179,390 | € 176,891 | ▼ 1% |
| Total debts | € 171,208 | € 162,840 | € 154,247 | € 147,499 | ▼ 4% |
| Cash | € 392 | € 456 | € 271 | € 1,298 | ▲ € 1,027 |
| Land & buildings | € 433,320 | € 420,847 | € 408,375 | € 395,776 | ▼ 3% |
| Retained profit | € 120,872 | € 119,157 | € 117,416 | € 114,918 | ▼ 2% |
| Bank debt | € 144,196 | € 131,643 | € 119,000 | € 106,266 | ▼ 11% |
| Balance sheet total | € 433,712 | € 421,304 | € 408,646 | € 397,074 | ▼ 3% |
Key figures of MAPAS, 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 MAPAS?
What happened at MAPAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,499. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,545 loss in 2022 to € 2,499 loss in 2025.
Management
Behind MAPAS are Annemie Goyvaerts, Karel Goyvaerts and Katrijn Goyvaerts. Katrijn Goyvaerts is also behind Sego Pharma.
Directors
According to the 2025 annual accounts
Annemie Goyvaerts
Director
Karel Goyvaerts
Director
Establishments
Establishment units
Physical locations of this company
Edmond de Coussemakerstraat 33
2050 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.397.425
- VAT number
- BE 0461.397.425
- Registered office
- Edmond de Coussemakerstraat 33, 2050 Antwerpen
- Names & denominations
- MAPAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 1997
- Peppol
- Active · Active since 26 May 2025