MAPAN
0429.628.638 · rovalta.com · 23/09/2026
ACTIVE
MAPAN
Financial year 2025 · closed on 31/12/2025
Net result
9,1 k €
-94.8% YoY
Gross margin
252,6 k €
-29.9% YoY
Equity
524,4 k €
+1.8% YoY
Workforce
1,0 ETP
0.0% YoY
Overview
What does MAPAN do?
MAPAN is a Public limited company incorporated in 1986. Its main activity is: Raising of horses and other equines. Its registered office is in Kontich. It employs on average 1,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0429.628.638
Incorporation
20/10/1986
Legal form
Public limited company
Registered office
Pierstraat 365
2550 Kontich · FlandreSee on map
2550 Kontich · FlandreSee on map
Contributed capital
206 400,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
Joint committees (1)
- 313
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 252,6 k € | -29.9% | 360,2 k € | +99.1% | 180,9 k € | -17.4% | 219 k € | +197% | 73,8 k € | +114% | 34,5 k € | -32.3% | 51 k € | +2554% | -2,1 k € | -619% | 400,3 € | -94.6% | 7,3 k € | -81.6% | 39,9 k € | -22.1% | 51,2 k € | +185% | -60,5 k € | -46269% | 131,1 € | +100% | -44,7 k € | +5.8% | -47,5 k € | -154% | 88,1 k € | -45.5% | 161,6 k € |
| EBITDA | 181,7 k € | -39.8% | 301,7 k € | +144% | 123,5 k € | -26.7% | 168,4 k € | +182% | 59,7 k € | +109% | 28,6 k € | -36.8% | 45,2 k € | +1009% | -5 k € | -119% | -2,3 k € | -585% | -332,1 € | -101% | 36,7 k € | -19.4% | 45,6 k € | +168% | -66,6 k € | -4583% | -1,4 k € | +96.9% | -46,3 k € | +5.6% | -49 k € | -229% | 38,2 k € | -58.0% | 91 k € |
| Operating result | 38,3 k € | -79.1% | 183,4 k € | +8115% | 2,2 k € | -96.4% | 61,8 k € | +337% | -26,1 k € | +74.8% | -103,6 k € | -73.5% | -59,8 k € | +40.8% | -101 k € | -9.7% | -92 k € | -4.1% | -88,4 k € | -522% | -14,2 k € | -1016% | -1,3 k € | +98.8% | -110,2 k € | -1659% | -6,3 k € | +86.9% | -47,8 k € | +25.8% | -64,4 k € | -382% | 22,8 k € | -67.4% | 70 k € |
| Net result | 9,1 k € | -94.8% | 175,8 k € | +8298% | -2,1 k € | -104% | 55,7 k € | +312% | -26,2 k € | +74.3% | -102,2 k € | -81.4% | -56,3 k € | +16.9% | -67,8 k € | -13.3% | -59,8 k € | -30.5% | -45,8 k € | -235% | 33,9 k € | -27.0% | 46,4 k € | +182% | -56,9 k € | -225% | 45,5 k € | +1022% | 4,1 k € | -90.5% | 42,8 k € | -87.7% | 347,4 k € | +327% | 81,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 524,4 k € | +1.8% | 515,3 k € | +51.8% | 339,5 k € | -0.6% | 341,7 k € | +19.5% | 286 k € | -30.4% | 410,7 k € | -72.9% | 1,5 M € | -3.6% | 1,6 M € | -4.1% | 1,6 M € | -3.5% | 1,7 M € | -2.6% | 1,7 M € | +2.0% | 1,7 M € | +2.8% | 1,7 M € | -3.3% | 1,7 M € | +2.7% | 1,7 M € | +0.2% | 1,7 M € | +2.6% | 1,6 M € | +27.1% | 1,3 M € |
| Total assets | 2,4 M € | +19.2% | 2 M € | -8.7% | 2,2 M € | +26.9% | 1,8 M € | +22.8% | 1,4 M € | +23.3% | 1,2 M € | -42.9% | 2 M € | +2.1% | 2 M € | +8.6% | 1,8 M € | +0.0% | 1,8 M € | +4.6% | 1,8 M € | +1.6% | 1,7 M € | +2.4% | 1,7 M € | -2.4% | 1,7 M € | +2.2% | 1,7 M € | -7.5% | 1,8 M € | +2.7% | 1,8 M € | +26.5% | 1,4 M € |
| Cash | 7,5 k € | -51.9% | 15,6 k € | -21.2% | 19,8 k € | +0.7% | 19,7 k € | +270% | 5,3 k € | -43.8% | 9,5 k € | +2.5% | 9,2 k € | +477% | 1,6 k € | -96.1% | 40,8 k € | +1013% | 3,7 k € | -78.7% | 17,2 k € | +83.9% | 9,3 k € | +18.8% | 7,9 k € | -97.8% | 365,1 k € | -2.1% | 372,8 k € | -32.2% | 549,7 k € | -3.4% | 569,1 k € | -55.3% | 1,3 M € |
| Debts | 1,9 M € | +25.1% | 1,5 M € | -19.5% | 1,9 M € | +33.5% | 1,4 M € | +23.6% | 1,2 M € | +52.4% | 757,9 k € | +41.6% | 535,2 k € | +22.6% | 436,4 k € | +107% | 210,5 k € | +40.3% | 150 k € | +544% | 23,3 k € | -19.8% | 29 k € | -15.8% | 34,5 k € | +83.1% | 18,8 k € | -29.2% | 26,6 k € | -84.2% | 168 k € | +3.1% | 162,9 k € | +20.0% | 135,8 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 1,0 ETP | 0.0% | 1,0 ETP | 0,0 ETP | – | 0,3 ETP | – | – | – | – | – | – | – | – | – | – | – | 1,3 ETP | -23.5% | 1,7 ETP | |||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 21 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Alpaga MDB● Active | 0429.632.695 |
BerBeCo Holdings● Active | 0699.624.277 |
EDULAN● Active | 0893.869.054 |
ENTASIS● Active | 0434.711.933 |
MaPaJa● Active | 0893.831.046 |
MEDICA● Active | 0401.857.538 |
Mibeco groep● Active | 0798.499.347 |
SKIOBE● Active | 0893.832.828 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/07/2026 | 17/06/2025 | 02/07/2024 | 31/07/2023 | 29/07/2022 | 30/07/2021 |
| General meeting | 29/05/2026 | 30/05/2025 | 31/05/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/05/2026 | 14/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/05/2025 | 17/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 31/05/2024 | 02/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 31/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 29/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 30/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 30/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 29/06/2019 | 01/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 03/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 22/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 29/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 01/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 09/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 29/06/2013 | 09/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 02/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 22/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 13/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 01/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 16/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 18/06/2007 | 25/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 21 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates27/12/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
- Mandates21/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates09/08/2018ONTSLAGEN - BENOEMINGEN
- Mandates12/02/2016ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates09/04/2014ONTSLAGEN - BENOEMINGEN
- Mandates09/11/2011ONTSLAGEN - BENOEMINGEN
- Registered office15/07/2011MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates13/02/2008ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20259,1 k €↓
- 2024Annual accounts 2024175,8 k €↑
- 2023Annual accounts 2023-2,1 k €↓
- 2022Annual accounts 202255,7 k €↑
- 2021Annual accounts 2021-26,2 k €↑
- 2018Annual accounts 2018-102,2 k €↓
- 2017Annual accounts 2017-56,3 k €↑
- 2016Annual accounts 2016-67,8 k €↓
- 2015Annual accounts 2015-59,8 k €↓
- 2014Annual accounts 2014-45,8 k €↓
- 2013Annual accounts 201333,9 k €↓
- 2012Annual accounts 201246,4 k €↑
- 2011Annual accounts 2011-56,9 k €↓
- 2010Annual accounts 201045,5 k €↑
- 2009Annual accounts 20094,1 k €↓
- 2008Annual accounts 200842,8 k €↓
- 2007Annual accounts 2007347,4 k €↑
- 2007Name changeMAPAN
- 2006Annual accounts 200681,4 k €
- 2006Name changeApoteek Cuypers
- 20/10/1986IncorporationPublic limited company