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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAP'NET from Tervuren, company number BE0478694406, closed financial year 2025 with a result of € -5,583 after tax. For that financial year MAP'NET recorded a gross margin of € 7,708 and equity of € 2,608. Compared with financial year 2024, the result moved from € -11,448 to € -5,583. The company made a loss. The buffer shrank hard: equity is 68 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 2,608
▼ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,583
▲ 51 % less loss than in 2024
Profit after tax over the fiscal year.
€ 384
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15,992.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 30,392
▼ 27% vs 2024
Of which on lease € 28,741.
Debts at end 2025
€ 24,125
▼ 27% vs 2024
€ 6,663 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 0
▼ € 3,140 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,305
▲ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,697 | € -5,507 | € 6,490 | € 7,708 | ▲ 19% |
| Profit after taxes | € 3,032 | € -18,642 | € -11,448 | € -5,583 | ▲ € 5,865 |
| Equity | € 38,282 | € 19,640 | € 8,192 | € 2,608 | ▼ 68% |
| Total debts | € 23,964 | € 5,482 | € 40,735 | € 30,034 | ▼ 26% |
| Cash | € 356 | € 2,018 | € 1,554 | € 384 | ▼ 75% |
| Retained profit | € 19,682 | € 1,040 | € -10,408 | € -15,992 | ▼ € 5,583 |
| Bank debt | € 10,445 | € 0 | € 33,131 | € 24,125 | ▼ 27% |
| Balance sheet total | € 62,246 | € 25,122 | € 48,927 | € 32,642 | ▼ 33% |
Key figures of MAP'NET, 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 MAP'NET?
What happened at MAP'NET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,583. filed late Source: NBB ↗
- Selçuk Kabak became a director. NBB
- New establishment in Bertem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,032 profit in 2022 to € 5,583 loss in 2025.
Paid € 1,265 in corporate taxes since 2022.
Best year ever: 2022, with € 3,032 profit.
Management
Behind MAP'NET is Selçuk Kabak.
Directors
According to the 2025 annual accounts
Selçuk Kabak
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Hoornzeelstraat 16
3080 Tervuren
Dorpstraat 178 box A
3060 Bertem
Active since 24 February 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.694.406
- VAT number
- BE 0478.694.406
- Registered office
- Hoornzeelstraat 16, 3080 Tervuren
- Names & denominations
- MAP'NET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2002
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
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