ACTIVE

MAPI

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Financial year 2024 · closed on 31/12/2024

Net result

604,8 k €

+42.2% YoY

Gross margin

596,3 k €

-0.9% YoY

Equity

6,7 M €

+9.9% YoY

Workforce

0,5 ETP

0.0% YoY

What does MAPI do?

MAPI is a Public limited company incorporated in 1983. Its registered office is in Zoersel. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.729.949

Incorporation

22/02/1983

Legal form

Public limited company

Registered office

Kerkhoflei 156
2980 Zoersel · FlandreSee on map

Contributed capital

180 000,00 €

Latest accounts

31/12/2024

Average workforce

0,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	596,3 k €	-0.9%	601,9 k €	-30.8%	870,0 k €	-2.3%	890,2 k €	+10.2%	808,0 k €	+2.2%	790,3 k €	-9.4%	872,2 k €	-0.1%	872,8 k €	-2.7%	897,4 k €	-7.3%	968,3 k €	+0.5%	963,6 k €	+6.7%	903,2 k €	+8.2%	834,7 k €	+16.2%	718,2 k €	-8.6%	786,2 k €	+0.2%	784,7 k €	+25.8%	623,9 k €	+18.8%	525,0 k €	-15.1%	618,7 k €
EBITDA	519,8 k €	-0.3%	521,1 k €	-35.0%	802,2 k €	+2.8%	780,6 k €	+5.2%	741,8 k €	+5.5%	703,1 k €	-11.1%	790,7 k €	-0.5%	794,4 k €	-4.0%	827,9 k €	-7.2%	892,4 k €	+0.1%	891,4 k €	+7.6%	828,1 k €	+5.3%	786,4 k €	+16.7%	673,6 k €	-7.4%	727,6 k €	+2.1%	712,3 k €	+28.6%	554,1 k €	+17.9%	470,1 k €	-18.2%	574,9 k €
Operating result	815,3 k €	+62.2%	502,6 k €	-33.3%	753,3 k €	+5.2%	716,2 k €	+7.4%	667,1 k €	+6.7%	625,4 k €	-9.7%	692,9 k €	-0.5%	696,4 k €	-4.2%	726,9 k €	-4.8%	763,4 k €	+1.7%	750,7 k €	+6.0%	708,1 k €	+5.3%	672,8 k €	+23.3%	545,5 k €	-3.4%	564,5 k €	-0.4%	566,7 k €	+36.4%	415,5 k €	+34.4%	309,2 k €	-28.6%	433,3 k €
Net result	604,8 k €	+42.2%	425,4 k €	+26.5%	336,3 k €	+26.9%	264,9 k €	-16.8%	318,2 k €	-4.8%	334,4 k €	-14.4%	390,6 k €	-35.7%	607,4 k €	+48.7%	408,5 k €	-15.3%	482,3 k €	-15.3%	569,6 k €	+10.2%	516,7 k €	-4.3%	540,1 k €	+39.7%	386,7 k €	-22.2%	497,2 k €	-0.1%	497,6 k €	+26.7%	392,7 k €	+30.4%	301,2 k €	-10.7%	337,5 k €
Balance sheet
Equity	6,7 M €	+9.9%	6,1 M €	-38.3%	9,9 M €	+3.5%	9,5 M €	+2.9%	9,3 M €	+3.6%	8,9 M €	+3.9%	8,6 M €	+4.8%	8,2 M €	+8.0%	7,6 M €	+5.7%	7,2 M €	+7.2%	6,7 M €	+9.3%	6,1 M €	+3.7%	5,9 M €	+10.0%	5,4 M €	+7.7%	5,0 M €	+11.0%	4,5 M €	+12.4%	4,0 M €	+10.9%	3,6 M €	+9.1%	3,3 M €
Total assets	12,7 M €	-20.1%	15,9 M €	-6.3%	17,0 M €	+2.5%	16,6 M €	+0.7%	16,5 M €	+2.3%	16,1 M €	+2.0%	15,8 M €	-0.8%	15,9 M €	+7.2%	14,8 M €	+8.6%	13,7 M €	+5.4%	13,0 M €	+13.0%	11,5 M €	+3.8%	11,0 M €	+64.2%	6,7 M €	+12.0%	6,0 M €	+13.6%	5,3 M €	+12.4%	4,7 M €	+10.4%	4,3 M €	+13.4%	3,8 M €
Cash	321,2 k €	-68.3%	1,0 M €	-77.7%	4,5 M €	-0.3%	4,6 M €	-44.4%	8,2 M €	+76.8%	4,6 M €	+62.4%	2,9 M €	-3.2%	2,9 M €	+91.9%	1,5 M €	+10.2%	1,4 M €	-14.1%	1,6 M €	+275%	432,5 k €	-40.6%	728,2 k €	-68.9%	2,3 M €	+6.2%	2,2 M €	+78.0%	1,2 M €	+39.0%	892,4 k €	+1248%	66,2 k €	+25.9%	52,6 k €
Debts	5,8 M €	-38.8%	9,4 M €	+43.8%	6,5 M €	+4.0%	6,3 M €	+0.5%	6,3 M €	+3.8%	6,0 M €	+3.0%	5,9 M €	-10.9%	6,6 M €	+10.5%	5,9 M €	+6.4%	5,6 M €	+6.7%	5,2 M €	-0.1%	5,2 M €	+4.2%	5,0 M €	+304%	1,2 M €	+36.5%	912,5 k €	+32.1%	690,6 k €	+21.0%	570,6 k €	+24.2%	459,5 k €	+39.9%	328,5 k €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP	-30.0%	1,0 ETP	-23.1%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	+140%	0,5 ETP	0.0%	0,5 ETP	-44.4%	0,9 ETP	-40.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+50.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 1 ended

Active mandates

Antoine Stevens

Director

Active

Gerda De Maere

Director

Active

Maria-Hélène Pirenne

Managing director

Active

Ended mandates

Maria Pirenne

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
CONSTATIC● Active	0696.648.555
Veracity4Business● Active	1000.507.290

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	13/12/2024	16/11/2023	23/12/2022	14/12/2021	17/12/2020
General meeting	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021	03/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	04/06/2025	27/10/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	13/12/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	16/11/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	23/12/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	14/12/2021	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	17/12/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	16/12/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	18/12/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	13/12/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	15/12/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	18/12/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	18/12/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 1 ended

Active mandates

Antoine Stevens

Director

Active

Gerda De Maere

Director

Active

Maria-Hélène Pirenne

Managing director

Active

Ended mandates

Maria Pirenne

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/07/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/06/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024604,8 k €↑
2023
Annual accounts 2023425,4 k €↑
2022
Annual accounts 2022336,3 k €↑
2021
Annual accounts 2021264,9 k €↓
2020
Annual accounts 2020318,2 k €↓
2019
Annual accounts 2019334,4 k €↓
2018
Annual accounts 2018390,6 k €↓
2017
Annual accounts 2017607,4 k €↑
2016
Annual accounts 2016408,5 k €↓
2015
Annual accounts 2015482,3 k €↓
2014
Annual accounts 2014569,6 k €↑
2013
Annual accounts 2013516,7 k €↓
2012
Annual accounts 2012540,1 k €↑
2011
Annual accounts 2011386,7 k €↓
2010
Annual accounts 2010497,2 k €↓
2009
Annual accounts 2009497,6 k €↑
2008
Annual accounts 2008392,7 k €↑
2007
Annual accounts 2007301,2 k €↓
2006
Annual accounts 2006337,5 k €
22/02/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAPI

Overview

What does MAPI do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline